D.R. Horton, Inc. (DHI) balance sheet
NYSE · Consumer Cyclical · Residential Construction · 14,341 employees · CEO Paul J. Romanowski
- Price
- $146.00 -0.36%
- Market cap
- $40.8B
- Enterprise value
- $44.8B
- Last report
- Q4 '26 filed 2026-10-29
- Next report
- 2027-01-19 EPS est. $1.48
At the end of Q4 '26 D.R. Horton, Inc. (DHI) held $2.06B in cash and short-term investments against $6.05B of debt incl. leases. Total assets $34.8B, total liabilities $11.1B, shareholders' equity $23.1B.
Balance sheet
| Balance sheet | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $3.32B | $3.06B | $2.99B | $4.52B | $3.05B | $2.47B | $2.61B | $2.99B | $2.51B | $1.92B | $2.08B | $2.06B | |
| Receivables | $393M | $428M | $431M | $421M | $378M | $416M | $418M | $459M | $438M | $430M | $421M | $0 | |
| Inventory | $24.1B | $24.8B | $25.5B | $24.9B | $26.1B | $26.5B | $26.7B | $25.3B | $25.6B | $26.3B | $26.7B | $25.1B | |
| Other current assets | $4.19B | $4.66B | $4.75B | $4.79B | $4.07B | $4.92B | $5.2B | $5.28B | $4.62B | $5.45B | $5.83B | $2.63B | |
| Current assets | $32.1B | $33.1B | $33.8B | $34.7B | $33.7B | $34.4B | $35.1B | $34.1B | $33.3B | $34.3B | $35.1B | $29.8B | |
| Property, plant & equipment (net) | $43.3M | $526M | $571M | $70M | $50.1M | $48.8M | $50.4M | $85.9M | $66.2M | $67.1M | $67.2M | $634M | |
| Long-term investments | $2.32B | $2.74B | $2.67B | $2.6B | $1.85B | $2.63B | $2.88B | $2.66B | $0 | $0 | $0 | $0 | |
| Goodwill | $164M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | |
| Intangible assets | $329M | $326M | $326M | $5.9M | $10.4M | $5.3M | $19.8M | $27.1M | $48.2M | $20.1M | $35.8M | $0 | |
| Deferred tax assets | $176M | $167M | $157M | $168M | $127M | $74.6M | $66.5M | $44.5M | $25M | $0 | $0 | $0 | |
| Other non-current assets | -$1.71B | -$2.62B | -$2.54B | -$1.64B | -$874M | -$1.63B | -$1.86B | -$1.65B | $1.03B | $1.07B | $1.1B | $4.27B | |
| Non-current assets | $1.32B | $1.31B | $1.34B | $1.36B | $1.33B | $1.29B | $1.33B | $1.33B | $1.33B | $1.32B | $1.37B | $5.07B | |
| Total assets | $33.4B | $34.4B | $35.2B | $36.1B | $35B | $35.7B | $36.4B | $35.5B | $34.6B | $35.6B | $36.5B | $34.8B | |
| Liabilities | |||||||||||||
| Accounts payable | $1.26B | $1.39B | $1.41B | $1.35B | $1.37B | $1.37B | $1.39B | $1.22B | $1.03B | $1.32B | $1.39B | $1.11B | |
| Accrued expenses | $385M | $407M | $425M | $486M | $481M | $495M | $526M | $558M | $523M | $563M | $565M | $3.84B | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $760M | $865M | $1.32B | $6.05B | |
| Taxes payable | $567M | $62.4M | $64.2M | $105M | $301M | $49M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $122M | $149M | $137M | $99.7M | $72.5M | $84.5M | $107M | $81.5M | $81.5M | $113M | $113M | $0 | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.4M | $43.4M | -$6.05B | |
| Current liabilities | $2.33B | $2.05B | $2.1B | $2.04B | $2.23B | $2B | $2.14B | $1.96B | $2.64B | $2.94B | $3.57B | $4.95B | |
| Long-term debt | $5.29B | $5.94B | $5.69B | $5.92B | $5.1B | $6.52B | $7.25B | $5.97B | $4.79B | $5.7B | $5.79B | $6.05B | |
| Lease obligations (non-current) | $44.5M | $47.2M | $51.2M | $53.3M | $52.3M | $51.3M | $53.1M | $65.6M | $68.9M | $70M | $71.3M | $0 | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $99.2M | |
| Other non-current liabilities | $2.11B | $2.07B | $2.16B | $2.27B | $2.19B | $2.26B | $2.36B | $2.74B | $2.59B | $2.66B | $2.67B | $3.84B | |
| Non-current liabilities | $7.44B | $8.05B | $7.91B | $8.24B | $7.34B | $8.83B | $9.67B | $8.77B | $7.45B | $8.43B | $8.53B | $6.15B | |
| Total liabilities | $9.78B | $10.1B | $10B | $10.3B | $9.57B | $10.8B | $11.8B | $10.7B | $10.1B | $11.4B | $12.1B | $11.1B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Retained earnings | $24.4B | $25.5B | $26.8B | $28B | $28.7B | $29.4B | $30.3B | $31B | $31.5B | $32B | $32.8B | $33.4B | |
| Shareholders' equity | $23.2B | $23.8B | $24.7B | $25.3B | $24.9B | $24.3B | $24.1B | $24.2B | $24B | $23.6B | $23.8B | $23.1B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $5.33B | $5.99B | $5.74B | $5.97B | $5.15B | $6.57B | $7.3B | $6.03B | $5.62B | $6.63B | $7.18B | $6.05B | |
| Net debt (debt - cash) | $2.01B | $2.92B | $2.75B | $1.45B | $2.1B | $4.1B | $4.69B | $3.05B | $3.11B | $4.72B | $5.1B | $3.99B | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $1.01B | $1.47B | $1.49B | $3.02B | $3.21B | $2.54B | $3.87B | $4.52B | $2.99B | $2.06B | |
| Receivables | $134M | $136M | $218M | $271M | $322M | $423M | $427M | $421M | $459M | $0 | |
| Inventory | $9.24B | $10.4B | $11.3B | $12.2B | $16.5B | $21.7B | $22.4B | $24.9B | $25.3B | $25.1B | |
| Other current assets | $916M | $1.27B | $1.65B | $2.22B | $3.13B | $4.1B | $4.41B | $4.79B | $5.28B | $2.63B | |
| Current assets | $11.3B | $13.3B | $14.7B | $17.8B | $23.2B | $28.8B | $31.2B | $34.7B | $34.1B | $29.8B | |
| Property, plant & equipment (net) | $52M | $39.2M | $56.9M | $104M | $115M | $144M | $64.6M | $70M | $85.9M | $634M | |
| Long-term investments | $650M | $11M | $6.5M | $1.8B | $2.05B | $2.76B | $2.68B | $2.6B | $2.66B | $0 | |
| Goodwill | $80M | $109M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | $164M | |
| Intangible assets | $0 | $0 | $0 | $17.1M | $4.1M | $10.6M | $11.1M | $5.9M | $27.1M | $0 | |
| Deferred tax assets | $365M | $194M | $163M | $145M | $155M | $141M | $187M | $168M | $44.5M | $0 | |
| Other non-current assets | -$289M | $445M | $521M | -$1.12B | -$1.66B | -$1.67B | -$1.69B | -$1.64B | -$1.65B | $4.27B | |
| Non-current assets | $859M | $799M | $911M | $1.12B | $819M | $1.55B | $1.41B | $1.36B | $1.33B | $5.07B | |
| Total assets | $12.2B | $14.1B | $15.6B | $18.9B | $24B | $30.4B | $32.6B | $36.1B | $35.5B | $34.8B | |
| Liabilities | |||||||||||
| Accounts payable | $580M | $625M | $634M | $901M | $1.18B | $1.36B | $1.25B | $1.35B | $1.22B | $1.11B | |
| Accrued expenses | $37.5M | $60.3M | $87.8M | $129M | $293M | $437M | $387M | $486M | $558M | $3.84B | |
| Taxes payable | $53.8M | $73.2M | $128M | $86.7M | $139M | $171M | $303M | $105M | $0 | $0 | |
| Deferred revenue | $51.8M | $58.1M | $57.7M | $93.1M | $193M | $224M | $147M | $99.7M | $81.5M | $0 | |
| Current liabilities | $724M | $852M | $853M | $1.21B | $1.8B | $2.19B | $2.08B | $2.04B | $1.96B | $4.95B | |
| Long-term debt | $2.87B | $3.2B | $3.4B | $4.28B | $5.41B | $6.07B | $5.09B | $5.92B | $5.97B | $6.05B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $37M | $37M | $47.9M | $48.1M | $53.3M | $65.6M | $0 | |
| Deferred revenue (non-current) | $51.8M | $38M | $57.7M | $93.1M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $99.2M | |
| Other non-current liabilities | $790M | $863M | $1B | $1.17B | $1.55B | $2.26B | $2.22B | $2.27B | $2.74B | $3.84B | |
| Non-current liabilities | $3.71B | $4.1B | $4.46B | $5.58B | $7B | $8.37B | $7.36B | $8.24B | $8.77B | $6.15B | |
| Total liabilities | $4.44B | $4.96B | $5.31B | $6.79B | $8.8B | $10.6B | $9.44B | $10.3B | $10.7B | $11.1B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $3.8M | $3.9M | $3.9M | $3.9M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Retained earnings | $4.95B | $6.22B | $7.64B | $9.76B | $13.6B | $19.2B | $23.6B | $28B | $31B | $33.4B | |
| Shareholders' equity | $7.75B | $8.98B | $10B | $11.8B | $14.9B | $19.4B | $22.7B | $25.3B | $24.2B | $23.1B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $2.87B | $3.2B | $3.4B | $4.32B | $5.45B | $6.11B | $5.14B | $5.97B | $6.03B | $6.05B | |
| Net debt (debt - cash) | $1.86B | $1.73B | $1.91B | $1.3B | $2.24B | $3.57B | $1.27B | $1.45B | $3.05B | $3.99B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-K 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-K 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02