--- title: "D. R. Horton: Metrics Guide" description: "D. R. Horton revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/d-r-horton/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # D. R. Horton: Financial & Operating Metrics Guide ## Direct Answer D. R. Horton reported revenue of $34.3 billion for the fiscal year ended September 30, 2025, net income of $3.6 billion, according to its SEC filings. Revenue fell 6.9% from the prior year. ## What Are D. R. Horton's Key Financial Figures? | Fiscal year | FY2025ended September 30, 2025 | FY2024ended September 30, 2024 | FY2023ended September 30, 2023 | FY2022ended September 30, 2022 | | --- | --- | --- | --- | --- | | Revenue | $34.3 billion | $36.8 billion | $35.5 billion | $33.5 billion | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $3.6 billion | $4.8 billion | $4.7 billion | $5.9 billion | | Net margin | 10.5% | 12.9% | 13.4% | 17.5% | | Operating cash flow | $3.4 billion | $2.2 billion | $4.3 billion | $562 million | | Capital expenditures | $137 million | $165 million | $149 million | $148 million | | Free cash flow | $3.3 billion | $2.0 billion | $4.2 billion | $414 million | Free cash flow (operating cash flow minus capital expenditures) was $3.3 billion against net income of $3.6 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of D. R. Horton revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $34.3 billion and net income $3.6 billion.](https://www.getswoopr.com/images/charts/d-r-horton-metrics-revenue-profit.webp) *D. R. Horton revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of D. R. Horton net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 10.5%.](https://www.getswoopr.com/images/charts/d-r-horton-metrics-margins.webp) *D. R. Horton operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of D. R. Horton operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $3.4 billion, capital expenditures was $137 million, free cash flow was $3.3 billion.](https://www.getswoopr.com/images/charts/d-r-horton-metrics-cash-flow.webp) *D. R. Horton operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does D. R. Horton's Balance Sheet Show? | Cash and cash equivalents | $3.0 billion | | --- | --- | | Long-term debt | Not reported | | Total assets | $35.5 billion | | Total liabilities | $10.7 billion | | Shareholders' equity | $24.2 billion | | Current ratio | n/a | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value D. R. Horton reported in its own SEC filings, read from the SEC's XBRL data (accession 0000882184-25-000081 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was D. R. Horton's revenue in fiscal 2025? D. R. Horton reported revenue of $34.3 billion for the fiscal year ended September 30, 2025, according to its SEC filings. ### What is D. R. Horton's operating margin? D. R. Horton did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did D. R. Horton generate? Operating cash flow of $3.4 billion less capital expenditures of $137 million gives free cash flow of $3.3 billion for fiscal 2025. ## References - [SEC EDGAR: HORTON D R INC /DE/ Form 10-K filed November 19, 2025](https://www.sec.gov/Archives/edgar/data/882184/000088218425000081/dhi-20250930.htm) - [SEC EDGAR: HORTON D R INC /DE/ annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=882184&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [D. R. Horton company dossier](https://www.getswoopr.com/stocks/companies/d-r-horton/) - [D. R. Horton financial metrics](https://www.getswoopr.com/stocks/companies/d-r-horton/metrics/) - [D. R. Horton financial risk indicators](https://www.getswoopr.com/stocks/companies/d-r-horton/risks/) - [D. R. Horton peer comparison](https://www.getswoopr.com/stocks/companies/d-r-horton/competitors/) - [D. R. Horton business model and revenue mix](https://www.getswoopr.com/stocks/companies/d-r-horton/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).