D.R. Horton (DHI) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reported quarter increased compared to the prior quarter and the same quarter last year. The sequential growth was slower than the prior quarter's rise, but the year-over-year gain remained solid.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q4
Revenue for the reported quarter increased compared to the prior quarter and the same quarter last year. The sequential growth was slower than the prior quarter's rise, but the year-over-year gain remained solid.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.0%
Change from the immediately preceding quarter.
Year-over-year
+9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.5B
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 |
|---|---|---|
| Dec 31, 2022 | $7.3B | +2.9% |
| Mar 31, 2023 | $8B | -0.3% |
| Jun 30, 2023 | $9.7B | +10.7% |
| Sep 30, 2023 | $10.5B | +9.0% |
Revenue performance
The company reported higher revenue than both the preceding quarter and the year-ago period. The sequential growth rate moderated from the previous quarter's pace.
Quarterly comparison
Compared to the prior quarter, revenue grew at a lower rate, while the year-over-year comparison showed a continued increase.
What to watch
The filing's discussion of liquidity and capital resources, including the revolving credit facility, is a key area to monitor.