DR Horton Inc (DHI)

Operating 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
Operating income (ttm) US$ in thousands 4,307,200 4,310,500 4,323,800 4,074,600 4,140,500 6,144,500 6,581,000 7,251,900 7,510,100 7,198,000 6,446,100 5,746,600 5,275,300 9,988,800 9,350,300 8,758,200 8,224,700 6,856,100 6,673,000 6,518,400
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
Operating profit margin 11.70% 11.56% 11.67% 11.34% 11.68% 17.76% 19.55% 21.53% 22.43% 22.53% 21.17% 19.89% 18.99% 38.32% 38.68% 39.41% 40.49% 36.18% 36.14% 36.02%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,307,200K ÷ $36,801,500K
= 11.70%

DR Horton Inc's operating profit margin has displayed fluctuations over the past few quarters. The margin was at its highest in the first quarter of 2021, reaching 40.49%, but has since experienced a downward trend. In the most recent quarter, ending September 30, 2024, the operating profit margin stood at 11.70%.

The company experienced a significant drop in operating profit margin from the first quarter of 2021 to the first quarter of 2023, possibly indicating challenges or changes in the company's operating efficiency or cost structure during that period. However, there was a noticeable increase in the margin from the second quarter of 2023 to the first quarter of 2024, showing some recovery.

Overall, the operating profit margin of DR Horton Inc seems to have stabilized around the range of 11-12% in recent quarters, after the volatility observed in earlier periods. It is important for the company to maintain a healthy operating profit margin to ensure sustainable profitability and efficiency in its operations.


Peer comparison

Sep 30, 2024