D.R. Horton (DHI) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased sequentially but was nearly flat compared with the same quarter last year. The sequential gain reversed a prior-quarter decline, while the year-over-year comparison shows a slight decrease.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue for the quarter increased sequentially but was nearly flat compared with the same quarter last year. The sequential gain reversed a prior-quarter decline, while the year-over-year comparison shows a slight decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8B
Revenue reported for this quarter.
Quarter-over-quarter
+9.9%
Change from the immediately preceding quarter.
Year-over-year
-0.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $8.8B | +20.6% |
| Sep 30, 2022 | $9.6B | +18.9% |
| Dec 31, 2022 | $7.3B | +2.9% |
| Mar 31, 2023 | $8B | -0.3% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, recovering from the prior quarter's decrease. This growth restored revenue to a level close to the year-earlier quarter.
Quarterly comparison
Compared with the preceding quarter, revenue increased. Relative to the same quarter a year ago, revenue was slightly lower, marking the first year-over-year decline in the trailing four quarters.
What to watch
The year-over-year revenue decline, however small, breaks a prior pattern of strong annual growth and warrants attention in coming quarters.