DR Horton Inc (DHI)

Net profit margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	4,734,400	4,745,700	4,867,800	5,180,500	5,674,600	5,857,500	5,564,700	5,032,400	4,525,600	4,175,800	3,665,800	3,181,000	2,734,200	2,373,700	2,050,000	1,894,100	1,762,700	1,618,600	1,579,400	1,558,400
Revenue (ttm)	US$ in thousands	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	17,592,900	17,059,200	16,588,200
Net profit margin		13.18%	13.38%	14.07%	15.39%	16.85%	17.50%	17.42%	16.53%	15.66%	15.03%	14.06%	13.16%	12.30%	11.69%	10.82%	10.26%	9.74%	9.20%	9.26%	9.39%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,734,400K ÷ $35,928,500K
= 13.18%

The net profit margin of D.R. Horton Inc. has exhibited some fluctuations over the past eight quarters. It decreased from 16.85% in December 2022 to 13.18% in December 2023, which indicates a reduction in the company's profitability. However, it is noteworthy that the net profit margin improved to 15.39% in March 2023 before declining again. Overall, the net profit margin has shown a downward trend over the past year, which may be a cause for concern and warrant further investigation into the company's cost management and revenue generation strategies.