DHID. R. Horton

Consumer discretionary · Homebuilders · NYSE

D.R. Horton, Inc. is the largest homebuilding company in the United States as measured by number of homes closed. 10-K, Item 1

Employees: 14,341
Headquarters: Arlington, TX
CEO: Paul J. Romanowski
Next results: around Jan 19, 2027

Compare with peers → Embed

RevenueFY2016–25 $34.3B−6.9% FY2024: $36.8B 10-K FY2025 · XBRL Net incomeFY2016–25 $3.6B−24.6% FY2024: $4.8B 10-K FY2025 · XBRL Free cash flowFY2016–25 $3.3B+62.2% FY2024: $2.0B 10-K FY2025 · XBRL

What changed

10-K filed Nov 19, 2025 against Nov 19, 2024

Area	What changed	Source
Risk factors	2 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Cash from operations lower than net income	Cash from operations $3.4B vs net income $3.6B (FY ending 2025-09-30)	10-K · XBRL
Accounting checks	8 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Nov 19, 2025

Paragraphs in Risk Factors that were not in the 10-K filed 2024-11-19. Quoted as filed.

In addition, other types of lawsuits, claims and proceedings have been and may in the future be instituted or asserted against us. Some of these claims may result in significant defense costs and potentially significant judgments against us, some of which are not, or cannot be, insured against. We intend to defend ourselves vigorously…
10-K, Item 1A

All 2 new paragraphs →

Accounting checks

latest 10-K

8 of 9 clear 1 worth a look. Checks, not verdicts.

!
Cash from operations lower than net incomeCash from operations $3.4B vs net income $3.6B (FY ending 2025-09-30)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Estimation of reserves for construction defect matters
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 29, 20268-K Quarterly results 8-K item 2.02
Oct 26, 20268-K Director or officer change 8-K item 5.02

Get an email when this changes: new risk paragraphs, accounting items, insider purchases, a new 10-K or 10-Q. RSS feed

Work on DHI in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/DHI/export.csv") into a cell.