DHI · Q3 FY25 · Apr 1 – Jun 30, 2025
D. R. Horton Q3 FY25: where the revenue came from and where it went
D. R. Horton Q3 FY25: revenue $9.2B (−7% year over year). Net profit $1B. Largest cohort Home Building Member $8.6B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 23, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$9.2B
−7% year over year
Gross profit$2.2B
24% margin
Operating profit$1.3B
14% margin
Net profit$1B
11% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 9.2 | 100% | −7% |
| Home Building Member | 8.6 | 93% | −7% |
| Rental | 0.4 | 4% | −8% |
| Financial Services | 0.2 | 2% | −6% |
| Land | 0.1 | 1% | −28% |
| Cost of revenue | −7 | 76% | |
| Gross profit | 2.2 | 24% margin | −3pp |
| SG&A | −0.9 | 10% | +1pp |
| Operating profit | 1.3 | 14% margin | +0pp |
| Tax | −0.4 | ||
| Net profit | 1 | 11% | −2pp |
Older quarters
-
Q3 FY26 6/2026Revenue $9.2B Net margin 10%
-
Q2 FY26 3/2026Revenue $7.6B Net margin 9%
-
Q1 FY26 12/2025Revenue $6.9B Net margin 9%
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