Operating Income for D.R. Horton (DHI)
According to D.R. Horton's latest reported financial statements, the company's current operating income (TTM) is $3.92B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
DHI
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.92B
YoY change
-27.6%
5Y CAGR
+8.4%
Peak year (2022)
$7.71B
Cumulative operating income
$48.63B
Operating Income history chart for D.R. Horton (DHI) from 1991 to 2025
Operating Income history table for D.R. Horton (DHI) from 1991 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.42B | -27.6% | ||
| 2024 | $6.11B | -2.0% | ||
| 2023 | $6.24B | -19.0% | ||
| 2022 | $7.71B | +43.0% | ||
| 2021 | $5.39B | +82.5% | ||
| 2020 | $2.95B | +43.8% | ||
| 2019 | $2.05B | +0.7% | ||
| 2018 | $2.04B | +22.6% | ||
| 2017 | $1.66B | +20.3% | ||
| 2016 | $1.38B | +20.8% | ||
| 2015 | $1.15B | +41.5% | ||
| 2014 | $809.80M | +26.6% | ||
| 2013 | $639.50M | +158.5% | ||
| 2012 | $247.40M | +332.5% | ||
| 2011 | $57.20M | -67.0% | ||
| 2010 | $173.40M | -136.0% | ||
| 2009 | -$482.20M | -80.9% | ||
| 2008 | -$2.53B | +422.3% | ||
| 2007 | -$483.90M | -124.5% | ||
| 2006 | $1.97B | -16.0% | ||
| 2005 | $2.35B | +50.3% | ||
| 2004 | $1.56B | +55.3% | ||
| 2003 | $1.01B | +52.6% | ||
| 2002 | $659.86M | +47.0% | ||
| 2001 | $448.97M | +41.8% | ||
| 2000 | $316.71M | +15.8% | ||
| 1999 | $273.40M | +52.1% | ||
| 1998 | $179.70M | +57.5% | ||
| 1997 | $114.10M | +20.6% | ||
| 1996 | $94.60M | +184.9% | ||
| 1995 | $33.20M | +18.1% | ||
| 1994 | $28.10M | +105.1% | ||
| 1993 | $13.70M | +26.9% | ||
| 1992 | $10.80M | 0.0% | ||
| 1991 | $10.80M | — |
Operating Income values are taken from D.R. Horton's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, D.R. Horton (DHI) operating income totalled $4.42B – declined 27.6% year-over-year.
Through 2020–2025 (5 years), D.R. Horton operating income delivered a +8.4% annualised rate; with the latest reading among the more recent periods of the dataset.
D.R. Horton operating income plunged from $7.71B in 2022 to $4.42B in 2025, a 42.6% drawdown.
Across the available history, operating income reached its high of $7.71B in 2022 and its low of -$2.53B in 2008.
D.R. Horton (DHI) sits 8th of 8 Consumer Cyclical peers we track on this metric, against a peer median of $16.64B.
D.R. Horton Operating Income by Year
D.R. Horton Operating Income 2025: $4.42B
D.R. Horton operating income in 2025 was $4.42B, declined 27.6% below 2024.
D.R. Horton Operating Income 2024: $6.11B
D.R. Horton operating income in 2024 was $6.11B, edged down 2.0% below 2023.
D.R. Horton Operating Income 2023: $6.24B
D.R. Horton operating income in 2023 was $6.24B, declined 19.0% below 2022.
D.R. Horton Operating Income 2022: $7.71B
D.R. Horton operating income in 2022 was $7.71B, surged 43.0% from 2021. This figure represents the highest annual value in the available history.
D.R. Horton Operating Income 2021: $5.39B
D.R. Horton operating income in 2021 was $5.39B.
See more financial history for D.R. Horton (DHI).
Sector peers — Operating Income
Companies in the same sector as D.R. Horton, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is D.R. Horton's operating income?
- Latest reported operating income for D.R. Horton (DHI) is $3.92B (period ending March 31, 2026).
How has D.R. Horton operating income changed year-over-year?
- D.R. Horton (DHI) operating income changed -27.6% year-over-year on the latest annual filing.
What is the long-term growth rate of D.R. Horton operating income?
- D.R. Horton (DHI) operating income compound annual growth rate is +8.4% over the most recent 5 years available.
When did D.R. Horton operating income hit its highest annual value?
- D.R. Horton operating income reached its highest annual value of $7.71B in 2022.
What was D.R. Horton operating income in 2024?
- D.R. Horton (DHI) operating income in 2024 was $6.11B.
What was D.R. Horton operating income in 2025?
- D.R. Horton (DHI) operating income in 2025 was $4.42B.
Metrics overview
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