MarketCap
Facebook
X
Telegram
D.R. Horton Balance Sheet 2025-2007 | DHI
Brief balance sheet overview of D.R. Horton
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
Assets advanced +47.7% to $35.5 billion from $24 billion; annual growth near 10.2% reflects a fast increase in scale.
Liabilities grew more slowly than assets: +21.9% versus +47.7%. Expansion relied more on equity, improving funding quality.
Equity funds 68.2% of assets versus 63.4% initially. This creates a conservative balance sheet structure.
The cash share moved from 13.5% to 8.4%. A higher figure generally provides more room in an adverse scenario.
Retained earnings reached $31 billion, changing +127.5% over the period. A positive accumulated result supports equity.
Overall picture
D.R. Horton's financial position is positive on balance sheet evidence. Growth in resources has not undermined capital strength.
Annual Balance Sheet D.R. Horton
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | - | - | - | 1.91 B | 1.73 B | 1.86 B | 1.97 B | 2.43 B | 3.02 B | 2.57 B | 3.75 B | 2.56 B | - | - | - | - |
Long Term Debt |
- | - | - | - | - | - | 3.4 B | 3.2 B | 2.87 B | 3.27 B | 3.81 B | 3.68 B | 3.51 B | 2.49 B | 1.7 B | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 4.03 B | 3.79 B | 3.29 B | 3.65 B | 4.16 B | 3.99 B | 3.77 B | 2.49 B | 1.75 B | - | - | - | - |
Total Liabilities |
10.7 B | 10.3 B | 9.44 B | 10.6 B | 8.8 B | 6.79 B | 5.31 B | 4.96 B | 4.44 B | 4.77 B | 5.26 B | 5.08 B | 4.8 B | 3.65 B | 2.73 B | 3.32 B | 4.36 B | - | - |
Retained Earnings |
31 B | 28 B | 23.6 B | 19.2 B | 13.6 B | 9.76 B | 7.64 B | 6.22 B | 4.95 B | 4.06 B | 3.29 B | 2.63 B | 2.15 B | 1.74 B | 835 M | 811 M | 613 M | - | - |
Total Assets |
35.5 B | 36.1 B | 32.6 B | 30.4 B | 24 B | 18.9 B | 15.6 B | 14.1 B | 12.2 B | 11.6 B | 11.2 B | 10.2 B | 8.86 B | 7.25 B | 5.36 B | 5.94 B | 6.76 B | - | - |
Cash and Cash Equivalents |
2.99 B | 4.52 B | 3.87 B | 2.54 B | 3.24 B | 3.04 B | 1.49 B | 1.47 B | 1.01 B | 1.3 B | 1.38 B | 662 M | 977 M | 1.09 B | 733 M | 1.31 B | 1.96 B | 1.39 B | 270 M |
Book Value |
24.7 B | 25.8 B | 23.1 B | 19.8 B | 15.2 B | 12.1 B | 10.3 B | 9.16 B | 7.75 B | 6.79 B | 5.9 B | 5.12 B | 4.06 B | 3.59 B | 2.62 B | 2.62 B | 2.4 B | - | - |
Total Shareholders Equity |
24.2 B | 25.3 B | 22.7 B | 19.4 B | 15.2 B | 12.1 B | 10 B | 8.98 B | 7.75 B | 6.79 B | 5.89 B | 5.12 B | 4.06 B | 3.59 B | 2.62 B | 2.61 B | 2.39 B | 2.86 B | 5.66 B |
All numbers in USD currency
Quarterly Balance Sheet D.R. Horton
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Liabilities |
12.1 B | 11.4 B | 11.4 B | 10.7 B | 11.8 B | 10.8 B | 9.57 B | 10.3 B | 10 B | 10.1 B | 9.78 B | 9.44 B | 10.2 B | 10 B | 9.71 B | 10.6 B | - | 9.57 B | 8.99 B | 8.8 B | 7.67 B | 8.8 B | 7.01 B | 6.79 B | 6.79 B | 6.79 B | 5.82 B | 5.31 B | 5.31 B | 5.31 B | 5.24 B | 4.96 B | 4.96 B | 4.96 B | 4.9 B | 4.44 B | 4.44 B | 4.44 B | 4.73 B | 4.77 B | 4.77 B | 4.77 B | 5.12 B | 5.26 B | 5.26 B | 5.26 B | 5.07 B | 5.07 B | 5.08 B | 5.08 B | 4.73 B | 4.8 B | 4.8 B | 4.8 B | 3.73 B | 3.65 B | 3.65 B | 3.65 B | 2.71 B | 2.73 B | 2.73 B | 2.73 B | 3.57 B |
Retained Earnings |
32.8 B | 32 B | 32 B | 31 B | 30.3 B | 29.4 B | 28.7 B | 28 B | 26.8 B | 25.5 B | 24.4 B | 23.6 B | 22.2 B | 20.9 B | 20.1 B | 19.2 B | - | 16.1 B | 14.7 B | 13.6 B | 12.4 B | 13.6 B | 10.5 B | 9.76 B | 9.76 B | 9.76 B | 8.01 B | 7.64 B | 7.64 B | 7.64 B | 6.48 B | 6.22 B | 6.22 B | 6.22 B | 5.09 B | 4.95 B | 4.95 B | 4.95 B | 4.23 B | 4.06 B | 4.06 B | 4.06 B | 3.42 B | 3.29 B | 3.29 B | 3.29 B | 2.75 B | 2.63 B | 2.63 B | 2.63 B | 2.27 B | 2.15 B | 2.15 B | 2.15 B | 1.75 B | 1.74 B | 1.74 B | 1.74 B | 850 M | 835 M | 835 M | 835 M | 831 M |
Total Assets |
36.5 B | 35.6 B | 35.6 B | 35.5 B | 36.4 B | 35.7 B | 35 B | 36.1 B | 35.2 B | 34.4 B | 33.4 B | 32.6 B | 32.3 B | 31.2 B | 30.3 B | 30.4 B | - | 26.7 B | 25 B | 24 B | 21.8 B | 24 B | 19.8 B | 18.9 B | 18.9 B | 18.9 B | 16.3 B | 15.6 B | 15.6 B | 15.6 B | 14.5 B | 14.1 B | 14.1 B | 14.1 B | 13 B | 12.2 B | 12.2 B | 12.2 B | 11.7 B | 11.6 B | 11.6 B | 11.6 B | 11.2 B | 11.2 B | 11.2 B | 11.2 B | 10.3 B | 10.2 B | 10.2 B | 10.2 B | 8.93 B | 8.86 B | 8.86 B | 8.86 B | 7.35 B | 7.25 B | 7.25 B | 7.25 B | 5.36 B | 5.36 B | 5.36 B | 5.36 B | 6.21 B |
Cash and Cash Equivalents |
2.08 B | 1.92 B | 1.92 B | 2.99 B | 2.61 B | 2.52 B | 3.05 B | 4.52 B | 3.02 B | 3.09 B | 3.34 B | 3.87 B | 3.41 B | 3.07 B | 2.61 B | 2.54 B | 1.68 B | 1.69 B | 2.46 B | 3.21 B | 1.94 B | 3.21 B | 2.45 B | 3.02 B | 3.02 B | 3.02 B | 1.58 B | 1.49 B | 1.49 B | 1.49 B | 737 M | 1.47 B | 1.47 B | 1.47 B | 920 M | 1.01 B | 1.01 B | 1.01 B | 1.15 B | 1.3 B | 1.3 B | 1.15 B | 1.27 B | 1.38 B | 1.38 B | 1.27 B | 541 M | 662 M | 662 M | 541 M | 861 M | 977 M | 936 M | 820 M | 567 M | 1.09 B | 1.05 B | 567 M | 738 M | 770 M | 733 M | 738 M | 1.39 B |
Book Value |
24.4 B | 24.2 B | 24.2 B | 24.7 B | 24.6 B | 24.9 B | 25.5 B | 25.8 B | 25.2 B | 24.3 B | 23.6 B | 23.1 B | 22.1 B | 21.1 B | 20.6 B | 19.8 B | - | 17.1 B | 16 B | 15.2 B | 14.1 B | 15.2 B | 12.8 B | 12.1 B | 12.1 B | 12.1 B | 10.5 B | 10.3 B | 10.3 B | 10.3 B | 9.3 B | 9.16 B | 9.16 B | 9.16 B | 8.06 B | 7.75 B | 7.75 B | 7.75 B | 6.98 B | 6.79 B | 6.79 B | 6.79 B | 6.06 B | 5.9 B | 5.9 B | 5.9 B | 5.26 B | 5.12 B | 5.12 B | 5.12 B | 4.2 B | 4.06 B | 4.06 B | 4.06 B | 3.61 B | 3.59 B | 3.59 B | 3.59 B | 2.65 B | 2.62 B | 2.62 B | 2.62 B | 2.64 B |
Total Shareholders Equity |
23.8 B | 23.6 B | 23.6 B | 24.2 B | 24.1 B | 24.9 B | 24.9 B | 25.3 B | 25.2 B | 24.3 B | 23.6 B | 22.7 B | 22.1 B | 21.1 B | 20.6 B | 19.4 B | 18.4 B | 17.1 B | 16 B | 14.9 B | 13.8 B | 14.9 B | 12.5 B | 11.8 B | 11.8 B | 11.8 B | 10.2 B | 10 B | 10 B | 10 B | 9.12 B | 8.98 B | 8.98 B | 8.98 B | 7.88 B | 7.75 B | 7.75 B | 7.75 B | 6.98 B | 6.79 B | 6.79 B | 6.79 B | 6.06 B | 5.89 B | 5.89 B | 5.89 B | 5.26 B | 5.12 B | 5.12 B | 5.12 B | 4.2 B | 4.06 B | 4.06 B | 4.06 B | 3.61 B | 3.59 B | 3.59 B | 3.59 B | 2.65 B | 2.62 B | 2.62 B | 2.62 B | 2.63 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of D.R. Horton, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
USA
Russia
China
Argentina
