How does D.R. Horton (DHI) make money?

D.R. Horton (DHI) generates revenue primarily from Homebuilding, which accounted for 92.4% of total revenue in TTM through Q2 2026. The company reported $33.3B in revenue and converted 9.2% of it into net profit, equivalent to roughly $3.05B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of D.R. Horton (DHI)?

D.R. Horton (DHI) reported a gross profit margin of 22.6% in TTM through Q2 2026, equivalent to $7.54B in gross profit on $33.3B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of D.R. Horton (DHI)?

D.R. Horton (DHI) reported an operating profit margin of 11.6% in TTM through Q2 2026, equivalent to $3.88B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of D.R. Horton (DHI)?

D.R. Horton (DHI) reported a net profit margin of 9.2% in TTM through Q2 2026, equivalent to $3.05B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is D.R. Horton (DHI) profitable?

Yes. D.R. Horton (DHI) reported $3.05B in net income for TTM through Q2 2026, with a net profit margin of 9.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does D.R. Horton (DHI) spend on capital expenditures?

D.R. Horton (DHI) spent $43.8M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 0.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does D.R. Horton (DHI) generate?

D.R. Horton (DHI) generated $3.31B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 9.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of D.R. Horton (DHI)?

D.R. Horton (DHI) had an effective tax rate of 24.6% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of D.R. Horton (DHI)?

D.R. Horton (DHI) reports revenue across 4 reportable product segments, led by Homebuilding at 88.7% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does D.R. Horton (DHI) generate most of its revenue?

South Central is the largest geographic market for D.R. Horton (DHI), accounting for 21.8% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How D.R. Horton Makes Money: 2026 Visual Revenue Map

D.R. Horton (DHI) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 23, 2026).

D.R. Horton (DHI) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for D.R. Horton (DHI), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Homebuilding	$29.6B	88.7%
Forestar Group	$1.65B	5%
Rental	$1.34B	4%
Financial Services	$783M	2.3%
Total	$33.3B	100%

Homebuilding$29.6B
Forestar Group$1.65B
Rental$1.34B
Financial Services$783M
Total$33.3B

D.R. Horton (DHI) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for D.R. Horton (DHI), TTM through Q2 2026
Region	Revenue (USD)	% of total
South Central	$6.81B	21.8%
Southeast	$6.62B	21.2%
East	$6.53B	20.9%
North	$4.39B	14.1%
Southwest	$4.31B	13.8%
Northwest	$2.53B	8.1%
Total	$31.2B	100%

South Central
Southeast
East
North
Southwest
Northwest
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, D.R. Horton (DHI) reports revenue across 4 reportable product segments; the largest segment was Homebuilding at 88.7%, followed by Forestar Group (5%) and Rental (4%). Geographically, South Central accounted for 21.8% of revenue, followed by Southeast (21.2%) and East (20.9%).

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