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 | ||
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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