D.R. Horton (DHI) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was essentially flat compared to the prior quarter, but declined from the same quarter one year earlier. The trailing twelve-month revenue reflects a mixed performance across recent periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q4
Revenue for the quarter was essentially flat compared to the prior quarter, but declined from the same quarter one year earlier. The trailing twelve-month revenue reflects a mixed performance across recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10B
Revenue reported for this quarter.
Quarter-over-quarter
+0.4%
Change from the immediately preceding quarter.
Year-over-year
-4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.8B
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, 2023 | $7.7B | +6.5% |
| Mar 31, 2024 | $9.1B | +14.2% |
| Jun 30, 2024 | $10B | +2.5% |
| Sep 30, 2024 | $10B | -4.8% |
Revenue performance
The reported revenue remained stable sequentially, with a slight increase from the preceding quarter. However, the year-over-year comparison shows a decline, indicating a softening relative to the prior year’s same period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly unchanged. When measured against the same quarter one year earlier, revenue was lower, reversing the growth trend seen in earlier quarters of the fiscal year.
What to watch
The filing’s discussion of liquidity and capital resources highlights reliance on cash and credit facilities, which may warrant attention given the year-over-year revenue decline.