DR Horton Inc (DHI)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	9,535,400	9,350,400	10,504,100	7,875,000	4,937,900
Revenue	US$ in thousands	36,801,400	35,460,400	33,480,000	27,774,200	20,311,100
Gross profit margin		25.91%	26.37%	31.37%	28.35%	24.31%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,535,400K ÷ $36,801,400K
= 25.91%

The gross profit margin of DR Horton Inc has shown fluctuations over the past five years, as indicated in the table. In 2024, the gross profit margin stands at 25.91%, slightly lower compared to the previous year. The trend reveals a decrease from the higher levels seen in 2022 and 2023, where the company achieved margins of 31.37% and 26.37%, respectively. The margin in 2021 was 28.35%, indicating a slight decline from the peak of 31.37% in 2022. However, there has been an overall positive trajectory in the gross profit margin since 2020, where it stood at 24.31%.

This indicates that the company has been somewhat successful in managing costs and improving efficiency to generate higher margins. Despite the recent decrease, DR Horton Inc has maintained gross profit margins above 25% in the past two years, which may indicate a certain level of stability in their cost structure and pricing strategies. Further analysis and comparison with industry standards could provide more insights into the company's performance and competitiveness in the market.