ES
MARKETS / NYSE / DHI
NYSE · OPERATIVE BUILDERS · LARGE CAP

D.r. Horton, Inc. DHI

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY11 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$34.3B
▼ 6.9% vs FY2024
Dividend streak
11 yrs
Raised every year since 2015
EPS · FY25
$11.57
Dividend / sh · FY25
$1.60
Payout · FY25
14%
ROE · FY25
14.5%
Net margin · FY25
10.5%
Dividend coverage
7.2×
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Result
USD 34.3B
Revenue, FY2025 · full 18-year series below
Revenue Net income
1020304034.33.62008201120142017202020232025
1020304034.33.62016201920222025

10 cents of every revenue dollar became profit this year.

Per share
USD 11.57
Diluted EPS, FY2025
EPS Dividend
816241.6011.572008201120142017202020232025
816241.6011.572016201920222025

Earnings covered the dividend 7.2 times — the rest stayed in the company.

Profitability
14.5%
Return on equity, FY2025
ROE
1020304014.5%2008201120142017202020232025
1020304014.5%2016201920222025
Operating margin13.8%
Net margin10.5%
Return on assets10.0%

Each USD of equity produced 14 cents of profit this year.

Returned to shareholders
USD 4.8B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 494.8M
Net buybacksUSD 4.3B
Share of profit133.7%
Consecutive raises11 years

USD 494.8M in dividends and USD 4.3B in buybacks — 134% of the year's profit, so the payout drew on cash built up earlier.

Growth
+11.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+0.8%
+11.0%
+12.2%
+14.7%
Net income
−15.1%
+8.6%
+16.9%
+19.6%
EPS, diluted
−11.2%
+12.5%
+19.0%
+19.8%
Dividend / share
+21.1%
+18.0%
+20.4%
+17.1%
Returned to shareholders
+50.2%
+50.7%
+48.6%
+36.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.29B
Shares outstanding, FY2025
0.320.292008201120142017202020232025
0.370.292016201920222025
Change, 5 years−19.1%
Change, 10 years−20.1%

The share count shrank 19% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 35.5B
total assets, end of FY2025
Total assetsUSD 35.5B
EquityUSD 24.2B
CashUSD 3.0B
Gross debtUSD 6.0B
Net debtUSD 3.0B

Net debt stands at 12% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
34.3
36.8
35.5
33.5
27.8
20.3
17.6
16.1
14.1
12.2
10.8
8.0
6.3
4.4
3.6
4.4
3.7
·
Operating income $B
4.7
6.3
6.3
7.6
5.4
3.0
2.1
2.1
1.6
1.4
1.1
0.8
0.7
0.2
0.0
0.1
·
·
EBITDA $B
4.8
6.4
6.4
7.7
5.4
3.1
2.2
2.1
1.7
1.4
1.2
0.9
0.7
0.3
0.0
0.1
·
·
Income tax $B
1.1
1.5
1.5
1.7
1.2
0.6
0.5
0.6
0.6
0.5
0.4
0.3
0.2
−0.7
−0.1
−0.1
−0.0
0.0
Net income $B
3.6
4.8
4.7
5.9
4.2
2.4
1.6
1.5
1.0
0.9
0.8
0.5
0.5
1.0
0.1
0.2
−0.5
−2.6
EPS, diluted $
11.57
14.34
13.82
16.51
11.41
6.41
4.29
3.81
2.74
2.36
2.03
1.50
1.33
2.77
0.23
0.77
−1.73
−8.34
Dividend / sh $
1.60
1.20
1.00
0.90
0.80
0.70
0.60
0.50
0.40
0.32
0.25
0.14
0.19
0.15
0.15
0.15
0.15
0.45
Payout %
14
8
7
5
7
11
14
13
14
13
12
9
13
5
67
19
−9
−5
ROE %
14.5
19.8
22.5
34.2
31.2
21.7
17.0
17.5
14.3
14.0
13.6
11.6
12.1
30.8
2.7
9.8
−23.0
·
Shares out B
0.29
0.32
0.33
0.34
0.36
0.36
0.37
0.38
0.37
0.37
0.37
0.36
0.32
0.32
0.32
0.32
0.32
0.32

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
34 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed