Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2B | $14.1B | $16.1B | $17.6B | $20.3B | $27.8B | $33.5B | $35.5B | $36.8B | $34.3B |
| Revenue growth | — | 15.9% | 14.0% | 9.5% | 15.5% | 36.7% | 20.5% | 5.9% | 3.8% | -6.9% |
| Net income | $886M | $1.04B | $1.46B | $1.62B | $2.37B | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B |
| Net margin | 7.3% | 7.4% | 9.1% | 9.2% | 11.7% | 15.0% | 17.5% | 13.4% | 12.9% | 10.5% |
| EPS (diluted) | $2.36 | $2.74 | $3.81 | $4.29 | $6.41 | $11.41 | $16.51 | $13.82 | $14.34 | $11.57 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $624M | $440M | $545M | $892M | $1.42B | $534M | $562M | $4.30B | $2.19B | $3.42B |
| Capital expenditures | $78.1M | $103M | $68.1M | $127M | $96.5M | $93.5M | $148M | $149M | $165M | $137M |
| Free cash flow | $546M | $338M | $477M | $765M | $1.33B | $441M | $414M | $4.16B | $2.02B | $3.28B |
| Share buybacks | $0.00 | $60.6M | $128M | $480M | $360M | $874M | $1.10B | $1.20B | $1.80B | $4.30B |
| Dividends paid | $119M | $150M | $188M | $223M | $256M | $289M | $317M | $341M | $395M | $495M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.30B | $1.01B | $1.47B | $1.49B | $3.02B | $3.21B | $2.54B | $3.87B | $4.52B | $2.99B |
| Total assets | $11.6B | $12.2B | $14.1B | $15.6B | $18.9B | $24.0B | $30.4B | $32.6B | $36.1B | $35.5B |
| Total liabilities | $4.77B | $4.44B | $4.96B | $5.31B | $6.79B | $8.80B | $10.6B | $9.44B | $10.3B | $10.7B |
| Shareholders' equity | $6.79B | $7.75B | $8.98B | $10.0B | $11.8B | $14.9B | $19.4B | $22.7B | $25.3B | $24.2B |
| Retained earnings | $4.06B | $4.95B | $6.22B | $7.64B | $9.76B | $13.6B | $19.2B | $23.6B | $28.0B | $31.0B |
| Shares (wtd avg diluted) | 375M | 379M | 383M | 377M | 370M | 366M | 355M | 343M | 332M | 310M |
Every figure is extracted from HORTON D R INC /DE/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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