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D.R. Horton (D.R. Horton) Gross Profit : $9,746 Mil (TTM As of Mar. 2024)


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What is D.R. Horton Gross Profit?

D.R. Horton's gross profit for the three months ended in Mar. 2024 was $2,333 Mil. D.R. Horton's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $9,746 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. D.R. Horton's gross profit for the three months ended in Mar. 2024 was $2,333 Mil. D.R. Horton's Revenue for the three months ended in Mar. 2024 was $9,107 Mil. Therefore, D.R. Horton's Gross Margin % for the quarter that ended in Mar. 2024 was 25.62%.

D.R. Horton had a gross margin of 25.62% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of D.R. Horton was 31.37%. The lowest was 21.14%. And the median was 22.43%.


D.R. Horton Gross Profit Historical Data

The historical data trend for D.R. Horton's Gross Profit 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 Gross Profit Chart

D.R. Horton Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,872.00 4,937.90 7,875.00 10,504.10 9,350.40

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
Gross Profit 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 1,976.70 2,583.80 2,823.30 2,006.20 2,332.90

Competitive Comparison of D.R. Horton's Gross Profit

For the Residential Construction subindustry, D.R. Horton's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the Homebuilding & Construction Industry

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

* The bar in red indicates where D.R. Horton's Gross Profit falls into.



D.R. Horton Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

D.R. Horton's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Gross Profit (A: Sep. 2023 )=Revenue - Cost of Goods Sold
=35460.4 - 26110
=9,350

D.R. Horton's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=9107.2 - 6774.3
=2,333

Gross Profit 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 $9,746 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

D.R. Horton's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=2,333 / 9107.2
=25.62 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


D.R. Horton  (NYSE:DHI) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

D.R. Horton had a gross margin of 25.62% for the quarter that ended in Mar. 2024 => Competition eroding margins


D.R. Horton Gross Profit 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

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