DR Horton Inc (DHI)

Operating profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	5,961,900	7,432,400	5,246,400	2,825,700	2,024,200
Revenue	US$ in thousands	35,460,400	33,480,000	27,774,200	20,311,100	17,592,900
Operating profit margin		16.81%	22.20%	18.89%	13.91%	11.51%

September 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $5,961,900K ÷ $35,460,400K
= 16.81%

The operating profit margin of D.R. Horton Inc. has shown fluctuations over the past five years. In fiscal year 2023, the operating profit margin decreased to 17.21% from 22.61% in 2022. This decline indicates a decrease in the company's ability to generate operating profits from its revenue. However, it is still higher than the margins in 2021, 2020, and 2019, suggesting that the company has been able to maintain a relatively strong level of profitability compared to previous years. Overall, the analysis of the operating profit margin indicates that D.R. Horton Inc. has experienced some variability in its profitability, which may be influenced by various internal and external factors.