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D.R. Horton (D.R. Horton) EBIT : $6,292 Mil (TTM As of Mar. 2024)


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What is D.R. Horton EBIT?

D.R. Horton's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1,452 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $6,292 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. D.R. Horton's annualized ROC % for the quarter that ended in Mar. 2024 was 16.01%. D.R. Horton's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. D.R. Horton's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.33%.


D.R. Horton EBIT Historical Data

The historical data trend for D.R. Horton's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

D.R. Horton EBIT Chart

D.R. Horton Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,039.50 2,890.10 5,318.80 7,570.40 6,101.60

D.R. Horton Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,203.10 1,731.70 1,937.10 1,171.20 1,452.30

Competitive Comparison of D.R. Horton's EBIT

For the Residential Construction subindustry, D.R. Horton's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


D.R. Horton's EV-to-EBIT Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where D.R. Horton's EV-to-EBIT falls into.



D.R. Horton EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,292 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


D.R. Horton  (NYSE:DHI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

D.R. Horton's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=5809.2 * ( 1 - 22.56% )/( (27314.8 + 28888.5)/ 2 )
=4498.64448/28101.65
=16.01 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

D.R. Horton's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5809.2/( ( (43.3 + max(25475.5, 0)) + (526.4 + max(27060.2, 0)) )/ 2 )
=5809.2/( ( 25518.8 + 27586.6 )/ 2 )
=5809.2/26552.7
=21.88 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 24050.3 + 4291) - (2743.4 + 122.4 + 0)
=25475.5

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 24840 + 4815.7) - (2446.6 + 148.9 + 0)
=27060.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

D.R. Horton's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=6292.3/51041.106
=12.33 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


D.R. Horton EBIT Related Terms

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D.R. Horton (D.R. Horton) Business Description

Traded in Other Exchanges
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Executives
Aron M. Odom officer: VP, Controller and PAO 1341 HORTON CIRCLE, ARLINGTON TX 76011
Bradley S Anderson director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Barbara K Allen director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael R Buchanan director 1341 HORTON CIRCLE, ARLINGTON TX 76011
Bill W Wheat director, officer: EVP and CFO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Paul J Romanowski officer: EVP and COO 1341 HORTON CIRCLE, ARLINGTON TX 76011
Michael J Murray officer: EVP and COO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael W Hewatt director 1361 HORTON CIRCLE, ARLINGTON TX 76011
David V Auld officer: EVP and COO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Benjamin Sr Carson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Maribess L Miller director 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Donald R Horton director, officer: Chairman 1361 HORTON CIRCLE, ARLINGTON TX 76011
Donald J Tomnitz director, officer: President and CEO 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Stacey Dwyer officer: EVP and Treasurer 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102
Bobby G Scott director 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102