D.R. Horton (DHI) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.3% | +8.1% | -14.4% | +12.1% | -4.4% | +4.8% | — | — | — | — | — | — |
| 2025 | +1.5% | -10.4% | +0.2% | -0.6% | -6.3% | +9.2% | +10.8% | +19.0% | -0.0% | -12.0% | +7.0% | -9.4% |
| 2024 | -6.0% | +4.8% | +10.1% | -13.4% | +3.9% | -4.7% | +27.7% | +5.1% | +1.1% | -11.4% | +0.1% | -17.2% |
| 2023 | +10.7% | -6.1% | +5.6% | +12.4% | -2.5% | +13.9% | +4.4% | -6.1% | -9.7% | -2.9% | +22.6% | +19.0% |
| 2022 | -17.7% | -4.0% | -12.8% | -6.6% | +8.3% | -11.9% | +17.9% | -8.5% | -5.3% | +14.1% | +11.9% | +4.0% |
| 2021 | +11.4% | +0.3% | +15.9% | +10.3% | -2.9% | -5.2% | +5.6% | +0.4% | -12.2% | +6.3% | +9.4% | +11.3% |
| 2020 | +12.2% | -9.8% | -36.2% | +38.9% | +17.5% | +0.3% | +19.3% | +8.2% | +6.0% | -11.7% | +11.5% | -7.2% |
| 2019 | +10.9% | +1.5% | +6.4% | +7.1% | -3.2% | +0.9% | +6.5% | +8.0% | +6.6% | -0.6% | +6.0% | -4.7% |
| 2018 | -4.0% | -14.3% | +4.6% | +0.7% | -4.1% | -2.9% | +6.6% | +2.1% | -5.2% | -14.7% | +3.9% | -6.9% |
| 2017 | +9.8% | +7.0% | +4.1% | -1.3% | -0.3% | +5.8% | +3.2% | +1.6% | +10.5% | +10.7% | +15.6% | +0.2% |
| 2016 | -14.1% | -2.6% | +13.1% | -0.6% | +1.9% | +3.0% | +4.5% | -2.3% | -5.8% | -4.5% | -3.5% | -1.4% |
| 2015 | -3.0% | +11.7% | +4.3% | -10.8% | +3.1% | +4.7% | +8.5% | +2.5% | -3.3% | +0.3% | +10.0% | -0.9% |
| 2014 | +5.2% | +4.8% | -11.8% | +2.9% | +6.5% | +3.8% | -15.8% | +5.1% | -5.3% | +11.1% | +12.1% | -0.8% |
| 2013 | +19.6% | -5.7% | +9.0% | +7.3% | -6.6% | -12.7% | -5.5% | -11.2% | +8.8% | -2.5% | +4.9% | +12.2% |
| 2012 | +10.4% | +3.3% | +5.8% | +7.7% | +1.8% | +10.7% | -4.1% | +8.0% | +8.6% | +1.6% | -6.9% | +2.4% |
| 2011 | +3.9% | -4.1% | -1.7% | +6.9% | -1.8% | -5.4% | +3.2% | -11.1% | -14.1% | +23.1% | +7.3% | +5.9% |
| 2010 | +8.5% | +5.2% | +1.9% | +16.5% | -16.8% | -19.4% | +12.1% | -6.6% | +8.4% | -6.2% | -3.4% | +18.8% |
| 2009 | -15.6% | +42.3% | +14.9% | +34.5% | -29.0% | +1.6% | +23.9% | +16.1% | -14.9% | -4.0% | -6.2% | +6.2% |
| 2008 | +31.0% | -17.9% | +12.3% | -1.6% | -17.6% | -14.6% | +2.5% | +12.8% | +4.5% | -43.4% | -6.9% | +3.6% |
| 2007 | +10.3% | -12.7% | -13.2% | +0.8% | +6.1% | -14.7% | -18.1% | -6.6% | -15.2% | -1.0% | -4.5% | +10.0% |
| 2006 | +4.7% | -8.6% | -2.6% | -9.7% | -11.9% | -9.7% | -10.0% | +3.0% | +9.2% | -1.5% | +13.7% | -0.6% |
| 2005 | -1.1% | +10.0% | -10.9% | +4.3% | +13.7% | +8.8% | +9.2% | -9.9% | -1.9% | -15.0% | +15.5% | +0.8% |
| 2004 | -2.2% | +13.1% | +11.5% | -18.7% | +0.6% | -1.7% | -2.8% | +12.4% | +7.0% | -9.1% | +17.4% | +14.4% |
| 2003 | +10.3% | -4.1% | +4.9% | +23.4% | +11.3% | +6.8% | +0.3% | +10.7% | +5.1% | +21.9% | +9.8% | -1.0% |
| 2002 | +15.3% | +6.8% | -5.5% | +2.6% | -4.7% | +6.2% | -14.8% | -6.3% | -10.4% | +3.9% | -0.8% | -9.2% |
| 2001 | -3.8% | -2.9% | +3.0% | +14.5% | -14.7% | +10.2% | +21.3% | -8.2% | -17.3% | +7.5% | +25.4% | +15.8% |
| 2000 | -16.1% | -3.1% | +16.2% | -1.2% | +1.6% | +3.9% | +14.1% | +27.0% | -4.6% | +8.1% | +0.2% | +31.8% |
| 1999 | -8.2% | -24.5% | +5.1% | +15.9% | -12.4% | -2.1% | -2.1% | -10.3% | -11.2% | -8.3% | +16.3% | +0.7% |
| 1998 | +13.9% | +17.9% | -8.6% | -13.0% | -2.8% | +15.9% | +3.7% | -26.0% | +0.0% | -1.0% | +19.0% | +22.0% |
| 1997 | +9.5% | +5.2% | -14.0% | -8.7% | +0.0% | +6.3% | +15.8% | +29.1% | +1.7% | -4.9% | +18.8% | -2.3% |
| 1996 | -3.3% | -1.0% | -4.5% | -6.8% | +12.8% | +0.0% | -7.9% | -7.5% | +9.3% | -6.4% | +14.8% | +4.0% |
| 1995 | +8.4% | +1.7% | -0.8% | -2.6% | +28.9% | +16.3% | +9.9% | +3.7% | -1.5% | +3.6% | -10.1% | +17.3% |
| 1994 | -5.7% | +4.4% | -18.4% | -1.9% | -7.2% | +3.5% | -13.0% | +9.4% | +6.5% | +3.4% | -17.0% | -15.7% |
| 1993 | +5.5% | +2.9% | +0.0% | +9.5% | +7.8% | -1.6% | +0.0% | +38.5% | +3.0% | -2.9% | +1.2% | +12.9% |
| 1992 | — | — | — | — | — | — | +2.9% | -2.9% | -15.0% | -12.2% | +24.3% | +2.1% |
| Avg | +3.4% | +0.6% | -0.2% | +3.8% | -0.7% | +0.8% | +4.1% | +2.9% | -1.7% | -1.8% | +7.0% | +4.1% |
| Median | +5.0% | +0.9% | +2.5% | +1.7% | -1.0% | +1.6% | +4.0% | +2.3% | -0.8% | -2.0% | +8.4% | +2.3% |
| Last 5Y Avg | -1.6% | -1.5% | -2.2% | +0.8% | -0.2% | +0.3% | +13.3% | +2.0% | -5.2% | -1.2% | +10.2% | +1.5% |
| Std Dev (σ) | 10.8% | 11.7% | 11.5% | 12.7% | 11.0% | 9.0% | 11.4% | 13.1% | 8.6% | 12.0% | 10.6% | 10.9% |
| Consistency (μ/σ) | 0.31 | 0.05 | -0.02 | 0.30 | -0.06 | 0.09 | 0.36 | 0.22 | -0.19 | -0.15 | 0.67 | 0.37 |
| Win Rate (%) | 62% | 53% | 56% | 56% | 44% | 58% | 68% | 59% | 44% | 38% | 74% | 62% |
| Winning / Losing Months | ▲21▼13 | ▲18▼16 | ▲19▼15 | ▲19▼15 | ▲15▼19 | ▲19▼14 | ▲23▼11 | ▲20▼14 | ▲15▼19 | ▲13▼21 | ▲25▼9 | ▲21▼13 |
| Longest Win / Loss Streak | ▲5▼3 | ▲3▼3 | ▲5▼6 | ▲6▼5 | ▲3▼4 | ▲4▼3 | ▲11▼3 | ▲5▼2 | ▲2▼5 | ▲4▼7 | ▲9▼4 | ▲7▼3 |
| Best | +31.0%in January 2008 | +42.3%in February 2009 | +16.2%in March 2000 | +38.9%in April 2020 | +28.9%in May 1995 | +16.3%in June 1995 | +27.7%in July 2024 | +38.5%in August 1993 | +10.5%in September 2017 | +23.1%in October 2011 | +25.4%in November 2001 | +31.8%in December 2000 |
| Worst | -17.7%in January 2022 | -24.5%in February 1999 | -36.2%in March 2020 | -18.7%in April 2004 | -29.0%in May 2009 | -19.4%in June 2010 | -18.1%in July 2007 | -26.0%in August 1998 | -17.3%in September 2001 | -43.4%in October 2008 | -17.0%in November 1994 | -17.2%in December 2024 |
−43.4%+42.3%
2026
Jan+3.3%
Feb+8.1%
Mar-14.4%
Apr+12.1%
May-4.4%
Jun+4.8%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+1.5%
Feb-10.4%
Mar+0.2%
Apr-0.6%
May-6.3%
Jun+9.2%
Jul+10.8%
Aug+19.0%
Sep-0.0%
Oct-12.0%
Nov+7.0%
Dec-9.4%
2024
Jan-6.0%
Feb+4.8%
Mar+10.1%
Apr-13.4%
May+3.9%
Jun-4.7%
Jul+27.7%
Aug+5.1%
Sep+1.1%
Oct-11.4%
Nov+0.1%
Dec-17.2%
2023
Jan+10.7%
Feb-6.1%
Mar+5.6%
Apr+12.4%
May-2.5%
Jun+13.9%
Jul+4.4%
Aug-6.1%
Sep-9.7%
Oct-2.9%
Nov+22.6%
Dec+19.0%
2022
Jan-17.7%
Feb-4.0%
Mar-12.8%
Apr-6.6%
May+8.3%
Jun-11.9%
Jul+17.9%
Aug-8.5%
Sep-5.3%
Oct+14.1%
Nov+11.9%
Dec+4.0%
2021
Jan+11.4%
Feb+0.3%
Mar+15.9%
Apr+10.3%
May-2.9%
Jun-5.2%
Jul+5.6%
Aug+0.4%
Sep-12.2%
Oct+6.3%
Nov+9.4%
Dec+11.3%
2020
Jan+12.2%
Feb-9.8%
Mar-36.2%
Apr+38.9%
May+17.5%
Jun+0.3%
Jul+19.3%
Aug+8.2%
Sep+6.0%
Oct-11.7%
Nov+11.5%
Dec-7.2%
2019
Jan+10.9%
Feb+1.5%
Mar+6.4%
Apr+7.1%
May-3.2%
Jun+0.9%
Jul+6.5%
Aug+8.0%
Sep+6.6%
Oct-0.6%
Nov+6.0%
Dec-4.7%
2018
Jan-4.0%
Feb-14.3%
Mar+4.6%
Apr+0.7%
May-4.1%
Jun-2.9%
Jul+6.6%
Aug+2.1%
Sep-5.2%
Oct-14.7%
Nov+3.9%
Dec-6.9%
2017
Jan+9.8%
Feb+7.0%
Mar+4.1%
Apr-1.3%
May-0.3%
Jun+5.8%
Jul+3.2%
Aug+1.6%
Sep+10.5%
Oct+10.7%
Nov+15.6%
Dec+0.2%
2016
Jan-14.1%
Feb-2.6%
Mar+13.1%
Apr-0.6%
May+1.9%
Jun+3.0%
Jul+4.5%
Aug-2.3%
Sep-5.8%
Oct-4.5%
Nov-3.5%
Dec-1.4%
2015
Jan-3.0%
Feb+11.7%
Mar+4.3%
Apr-10.8%
May+3.1%
Jun+4.7%
Jul+8.5%
Aug+2.5%
Sep-3.3%
Oct+0.3%
Nov+10.0%
Dec-0.9%
2014
Jan+5.2%
Feb+4.8%
Mar-11.8%
Apr+2.9%
May+6.5%
Jun+3.8%
Jul-15.8%
Aug+5.1%
Sep-5.3%
Oct+11.1%
Nov+12.1%
Dec-0.8%
2013
Jan+19.6%
Feb-5.7%
Mar+9.0%
Apr+7.3%
May-6.6%
Jun-12.7%
Jul-5.5%
Aug-11.2%
Sep+8.8%
Oct-2.5%
Nov+4.9%
Dec+12.2%
2012
Jan+10.4%
Feb+3.3%
Mar+5.8%
Apr+7.7%
May+1.8%
Jun+10.7%
Jul-4.1%
Aug+8.0%
Sep+8.6%
Oct+1.6%
Nov-6.9%
Dec+2.4%
2011
Jan+3.9%
Feb-4.1%
Mar-1.7%
Apr+6.9%
May-1.8%
Jun-5.4%
Jul+3.2%
Aug-11.1%
Sep-14.1%
Oct+23.1%
Nov+7.3%
Dec+5.9%
2010
Jan+8.5%
Feb+5.2%
Mar+1.9%
Apr+16.5%
May-16.8%
Jun-19.4%
Jul+12.1%
Aug-6.6%
Sep+8.4%
Oct-6.2%
Nov-3.4%
Dec+18.8%
2009
Jan-15.6%
Feb+42.3%
Mar+14.9%
Apr+34.5%
May-29.0%
Jun+1.6%
Jul+23.9%
Aug+16.1%
Sep-14.9%
Oct-4.0%
Nov-6.2%
Dec+6.2%
2008
Jan+31.0%
Feb-17.9%
Mar+12.3%
Apr-1.6%
May-17.6%
Jun-14.6%
Jul+2.5%
Aug+12.8%
Sep+4.5%
Oct-43.4%
Nov-6.9%
Dec+3.6%
2007
Jan+10.3%
Feb-12.7%
Mar-13.2%
Apr+0.8%
May+6.1%
Jun-14.7%
Jul-18.1%
Aug-6.6%
Sep-15.2%
Oct-1.0%
Nov-4.5%
Dec+10.0%
2006
Jan+4.7%
Feb-8.6%
Mar-2.6%
Apr-9.7%
May-11.9%
Jun-9.7%
Jul-10.0%
Aug+3.0%
Sep+9.2%
Oct-1.5%
Nov+13.7%
Dec-0.6%
2005
Jan-1.1%
Feb+10.0%
Mar-10.9%
Apr+4.3%
May+13.7%
Jun+8.8%
Jul+9.2%
Aug-9.9%
Sep-1.9%
Oct-15.0%
Nov+15.5%
Dec+0.8%
2004
Jan-2.2%
Feb+13.1%
Mar+11.5%
Apr-18.7%
May+0.6%
Jun-1.7%
Jul-2.8%
Aug+12.4%
Sep+7.0%
Oct-9.1%
Nov+17.4%
Dec+14.4%
2003
Jan+10.3%
Feb-4.1%
Mar+4.9%
Apr+23.4%
May+11.3%
Jun+6.8%
Jul+0.3%
Aug+10.7%
Sep+5.1%
Oct+21.9%
Nov+9.8%
Dec-1.0%
2002
Jan+15.3%
Feb+6.8%
Mar-5.5%
Apr+2.6%
May-4.7%
Jun+6.2%
Jul-14.8%
Aug-6.3%
Sep-10.4%
Oct+3.9%
Nov-0.8%
Dec-9.2%
2001
Jan-3.8%
Feb-2.9%
Mar+3.0%
Apr+14.5%
May-14.7%
Jun+10.2%
Jul+21.3%
Aug-8.2%
Sep-17.3%
Oct+7.5%
Nov+25.4%
Dec+15.8%
2000
Jan-16.1%
Feb-3.1%
Mar+16.2%
Apr-1.2%
May+1.6%
Jun+3.9%
Jul+14.1%
Aug+27.0%
Sep-4.6%
Oct+8.1%
Nov+0.2%
Dec+31.8%
1999
Jan-8.2%
Feb-24.5%
Mar+5.1%
Apr+15.9%
May-12.4%
Jun-2.1%
Jul-2.1%
Aug-10.3%
Sep-11.2%
Oct-8.3%
Nov+16.3%
Dec+0.7%
1998
Jan+13.9%
Feb+17.9%
Mar-8.6%
Apr-13.0%
May-2.8%
Jun+15.9%
Jul+3.7%
Aug-26.0%
Sep+0.0%
Oct-1.0%
Nov+19.0%
Dec+22.0%
1997
Jan+9.5%
Feb+5.2%
Mar-14.0%
Apr-8.7%
May+0.0%
Jun+6.3%
Jul+15.8%
Aug+29.1%
Sep+1.7%
Oct-4.9%
Nov+18.8%
Dec-2.3%
1996
Jan-3.3%
Feb-1.0%
Mar-4.5%
Apr-6.8%
May+12.8%
Jun+0.0%
Jul-7.9%
Aug-7.5%
Sep+9.3%
Oct-6.4%
Nov+14.8%
Dec+4.0%
1995
Jan+8.4%
Feb+1.7%
Mar-0.8%
Apr-2.6%
May+28.9%
Jun+16.3%
Jul+9.9%
Aug+3.7%
Sep-1.5%
Oct+3.6%
Nov-10.1%
Dec+17.3%
1994
Jan-5.7%
Feb+4.4%
Mar-18.4%
Apr-1.9%
May-7.2%
Jun+3.5%
Jul-13.0%
Aug+9.4%
Sep+6.5%
Oct+3.4%
Nov-17.0%
Dec-15.7%
1993
Jan+5.5%
Feb+2.9%
Mar+0.0%
Apr+9.5%
May+7.8%
Jun-1.6%
Jul+0.0%
Aug+38.5%
Sep+3.0%
Oct-2.9%
Nov+1.2%
Dec+12.9%
1992
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul+2.9%
Aug-2.9%
Sep-15.0%
Oct-12.2%
Nov+24.3%
Dec+2.1%
Avg
Jan+3.4%
Feb+0.6%
Mar-0.2%
Apr+3.8%
May-0.7%
Jun+0.8%
Jul+4.1%
Aug+2.9%
Sep-1.7%
Oct-1.8%
Nov+7.0%
Dec+4.1%
Median
Jan+5.0%
Feb+0.9%
Mar+2.5%
Apr+1.7%
May-1.0%
Jun+1.6%
Jul+4.0%
Aug+2.3%
Sep-0.8%
Oct-2.0%
Nov+8.4%
Dec+2.3%
Last 5Y Avg
Jan-1.6%
Feb-1.5%
Mar-2.2%
Apr+0.8%
May-0.2%
Jun+0.3%
Jul+13.3%
Aug+2.0%
Sep-5.2%
Oct-1.2%
Nov+10.2%
Dec+1.5%
Std Dev (σ)
Jan10.8%
Feb11.7%
Mar11.5%
Apr12.7%
May11.0%
Jun9.0%
Jul11.4%
Aug13.1%
Sep8.6%
Oct12.0%
Nov10.6%
Dec10.9%
Consistency (μ/σ)
Jan0.31
Feb0.05
Mar-0.02
Apr0.30
May-0.06
Jun0.09
Jul0.36
Aug0.22
Sep-0.19
Oct-0.15
Nov0.67
Dec0.37
Win Rate (%)
Jan62%
Feb53%
Mar56%
Apr56%
May44%
Jun58%
Jul68%
Aug59%
Sep44%
Oct38%
Nov74%
Dec62%
Winning / Losing Months
Jan▲21▼13
Feb▲18▼16
Mar▲19▼15
Apr▲19▼15
May▲15▼19
Jun▲19▼14
Jul▲23▼11
Aug▲20▼14
Sep▲15▼19
Oct▲13▼21
Nov▲25▼9
Dec▲21▼13
Longest Win / Loss Streak
Jan▲5▼3
Feb▲3▼3
Mar▲5▼6
Apr▲6▼5
May▲3▼4
Jun▲4▼3
Jul▲11▼3
Aug▲5▼2
Sep▲2▼5
Oct▲4▼7
Nov▲9▼4
Dec▲7▼3
Best
Jan+31.0%2008
Feb+42.3%2009
Mar+16.2%2000
Apr+38.9%2020
May+28.9%1995
Jun+16.3%1995
Jul+27.7%2024
Aug+38.5%1993
Sep+10.5%2017
Oct+23.1%2011
Nov+25.4%2001
Dec+31.8%2000
Worst
Jan-17.7%2022
Feb-24.5%1999
Mar-36.2%2020
Apr-18.7%2004
May-29.0%2009
Jun-19.4%2010
Jul-18.1%2007
Aug-26.0%1998
Sep-17.3%2001
Oct-43.4%2008
Nov-17.0%1994
Dec-17.2%2024
−43.4%+42.3%
Frequently asked questions
Data & methodology
D.R. Horton (DHI) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Cash Flow
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement