DR Horton Inc (DHI)

Gross profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Gross profit	US$ in thousands	9,350,400	10,504,100	7,875,000	4,937,900	3,872,000
Revenue	US$ in thousands	35,460,400	33,480,000	27,774,200	20,311,100	17,592,900
Gross profit margin		26.37%	31.37%	28.35%	24.31%	22.01%

September 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,350,400K ÷ $35,460,400K
= 26.37%

D.R. Horton Inc.'s gross profit margin has fluctuated over the past five years, with the lowest margin recorded in 2019 at 22.01% and the highest in 2022 at 31.37%. The gross profit margin for the most recent fiscal year ending in September 2023 stands at 26.37%.

The declining trend from 2022 to 2023 suggests a potential decrease in the percentage of revenue remaining after accounting for the cost of goods sold. This could be due to various factors such as increased production costs, pricing pressures, or changes in sales mix.

Further analysis could provide insights into the company's pricing strategy, production efficiency, and ability to manage costs. It is important to consider these trends in conjunction with other financial metrics and industry benchmarks to gain a holistic understanding of D.R. Horton Inc.'s financial performance.