DR Horton Inc (DHI)

Gross profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	9,535,400	9,804,400	9,746,200	9,390,000	9,350,300	9,405,400	9,730,400	10,322,800	10,504,000	10,031,700	9,194,900	8,421,800	7,875,000	7,115,800	6,349,100	5,602,300	4,937,900	4,448,400	4,217,800	4,040,600
Revenue (ttm)	US$ in thousands	36,801,500	37,302,900	37,062,800	35,928,500	35,460,300	34,595,700	33,658,200	33,684,300	33,479,900	31,949,800	30,446,300	28,894,200	27,774,200	26,065,300	24,170,700	22,223,800	20,311,100	18,949,600	18,465,900	18,094,600
Gross profit margin		25.91%	26.28%	26.30%	26.14%	26.37%	27.19%	28.91%	30.65%	31.37%	31.40%	30.20%	29.15%	28.35%	27.30%	26.27%	25.21%	24.31%	23.47%	22.84%	22.33%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,535,400K ÷ $36,801,500K
= 25.91%

The gross profit margin of DR Horton Inc has exhibited some fluctuations over the past years. The margin has been generally declining from around 31.37% in September 2022 to 25.91% in September 2024. This downward trend suggests that the company's profitability from sales has decreased over this period.

It is important to note that a declining gross profit margin may indicate challenges such as increasing production costs, pricing pressures, or inefficiencies in operations. However, it is essential to further investigate the specific reasons behind these fluctuations to determine the root causes and potential implications for the company's financial performance and overall business outlook.