D.R. Horton (DHI) FY2024 results: revenue $36.8 billion, up 3.8% on the year
D.R. Horton, Inc. (DHI) reported revenue of $36.8 billion for fiscal 2024, the year ended 30 September 2024, up 3.8% on the year before. Net income was $4.8 billion, up 0.2%, and diluted earnings per share $14.34. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2024.
Revenue
$36.8 billion
+3.8% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$4.8 billion
+0.2% on the year
FY2017FY2024
Diluted EPS
$14.34
+3.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,190
4,304
562
-49.1%
Capital expenditure
165
149
148
+11.2%
Free cash flow
2,024
4,156
414
-51.3%
Free cash flow margin
5.5%
11.7%
1.2%
Cash from investing
-191
-310
-415
Cash from financing
-1,355
-2,667
-811
Depreciation and amortisation
87.1
91.6
81.4
-4.9%
Share-based compensation
118
111
105
+6.2%
Buybacks
1,800
1,200
1,100
+50.0%
Dividends paid
395
341
316
+15.8%
Dividend per share
$1.20
$1.00
$0.90
+20.0%
Diluted shares, weighted
332m
343m
355m
-3.4%
Shares outstanding at period end
324m
335m
344m
-3.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
25,313
22,696
19,396
+11.5%
Non-controlling interest
512
442
389
+15.8%
Debt
5,918
5,094
6,067
+16.2%
Other liabilities
4,362
4,350
4,499
+0.3%
Total liabilities and equity
36,104
32,582
30,351
+10.8%
Fixed assets
531
445
472
+19.2%
Goodwill
164
164
164
0.0%
Cash and equivalents
4,516
3,874
2,540
+16.6%
Other assets
30,893
28,100
27,176
+9.9%
Total assets
36,104
32,582
30,351
+10.8%
10-K for the year ended 30 September 2024, filed 19 November 2024: the filing.