DR Horton Inc (DHI) - Net Assets
Based on the latest financial reports, DR Horton Inc (DHI) has net assets worth $24.56 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($34.64 Billion) and total liabilities ($10.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DR Horton Inc (DHI) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $24.56 Billion |
| % of Total Assets | 70.89% |
| Annual Growth Rate | 24.0% |
| 5-Year Change | 62.6% |
| 10-Year Change | 264.23% |
| Growth Volatility | 37.87 |
DR Horton Inc - Net Assets Trend (1991–2025)
This chart illustrates how DR Horton Inc's net assets have evolved over time, based on quarterly financial data. Also explore DR Horton Inc (DHI) total assets for the complete picture of this company's asset base.
Annual Net Assets for DR Horton Inc (1991–2025)
The table below shows the annual net assets of DR Horton Inc from 1991 to 2025. For live valuation and market cap data, see DR Horton Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $24.74 Billion | -4.19% |
| 2024-09-30 | $25.82 Billion | +11.61% |
| 2023-09-30 | $23.14 Billion | +16.94% |
| 2022-09-30 | $19.79 Billion | +30.03% |
| 2021-09-30 | $15.22 Billion | +25.53% |
| 2020-09-30 | $12.12 Billion | +17.74% |
| 2019-09-30 | $10.30 Billion | +12.41% |
| 2018-09-30 | $9.16 Billion | +18.22% |
| 2017-09-30 | $7.75 Billion | +14.05% |
| 2016-09-30 | $6.79 Billion | +15.23% |
| 2015-09-30 | $5.90 Billion | +15.15% |
| 2014-09-30 | $5.12 Billion | +26.06% |
| 2013-09-30 | $4.06 Billion | +12.98% |
| 2012-09-30 | $3.59 Billion | +37.02% |
| 2011-09-30 | $2.62 Billion | +0.02% |
| 2010-09-30 | $2.62 Billion | +15.63% |
| 2009-09-30 | $2.27 Billion | -20.82% |
| 2008-09-30 | $2.86 Billion | -49.34% |
| 2007-09-30 | $5.66 Billion | -13.76% |
| 2006-09-30 | $6.56 Billion | +17.87% |
| 2005-09-30 | $5.56 Billion | +34.81% |
| 2004-09-30 | $4.13 Billion | +30.31% |
| 2003-09-30 | $3.17 Billion | +38.26% |
| 2002-09-30 | $2.29 Billion | +81.94% |
| 2001-09-30 | $1.26 Billion | +29.16% |
| 2000-09-30 | $974.83 Million | +21.49% |
| 1999-09-30 | $802.39 Million | +45.15% |
| 1998-09-30 | $552.80 Million | +28.02% |
| 1997-09-30 | $431.80 Million | +143.13% |
| 1996-09-30 | $177.60 Million | +67.39% |
| 1995-09-30 | $106.10 Million | +25.41% |
| 1994-09-30 | $84.60 Million | +28.38% |
| 1993-09-30 | $65.90 Million | +57.28% |
| 1992-09-30 | $41.90 Million | +153.94% |
| 1991-09-30 | $16.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DR Horton Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 456391.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $31.04 Billion | 128.32% |
| Common Stock | $4.00 Million | 0.02% |
| Total Equity | $24.19 Billion | 100.00% |
DR Horton Inc Competitors by Market Cap
The table below lists competitors of DR Horton Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adani Ports and Special Economic Zone Limited
NSE:ADANIPORTS
|
$43.56 Billion |
|
Ambev S.A.
F:AMNA
|
$43.57 Billion |
|
Société Générale Société anonyme
F:SGE1
|
$43.58 Billion |
|
Ubiquiti Networks Inc
NYSE:UI
|
$43.58 Billion |
|
STANDARD CHART.UNSP.ADR/2
F:STD0
|
$43.28 Billion |
|
Heineken
AS:HEIA
|
$43.26 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
$43.23 Billion |
|
CBRE Group Inc Class A
NYSE:CBRE
|
$43.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DR Horton Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,312,800,000 to 24,190,400,000, a change of -1,122,400,000 (-4.4%).
- Net income of 3,585,200,000 contributed positively to equity growth.
- Dividend payments of 494,800,000 reduced retained earnings.
- Share repurchases of 4,281,600,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.59 Billion | +14.82% |
| Dividends Paid | $494.80 Million | -2.05% |
| Share Repurchases | $4.28 Billion | -17.7% |
| Other Changes | $68.80 Million | +0.28% |
| Total Change | $- | -4.43% |
Book Value vs Market Value Analysis
This analysis compares DR Horton Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4736.23x to 1.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-09-30 | $0.03 | $149.17 | x |
| 1992-09-30 | $0.54 | $149.17 | x |
| 1993-09-30 | $0.65 | $149.17 | x |
| 1994-09-30 | $0.85 | $149.17 | x |
| 1995-09-30 | $0.99 | $149.17 | x |
| 1996-09-30 | $1.56 | $149.17 | x |
| 1997-09-30 | $3.16 | $149.17 | x |
| 1998-09-30 | $2.71 | $149.17 | x |
| 1999-09-30 | $3.15 | $149.17 | x |
| 2000-09-30 | $4.27 | $149.17 | x |
| 2001-09-30 | $5.42 | $149.17 | x |
| 2002-09-30 | $8.05 | $149.17 | x |
| 2003-09-30 | $6.46 | $149.17 | x |
| 2004-09-30 | $12.54 | $149.17 | x |
| 2005-09-30 | $16.84 | $149.17 | x |
| 2006-09-30 | $20.41 | $149.17 | x |
| 2007-09-30 | $17.79 | $149.17 | x |
| 2008-09-30 | $8.98 | $149.17 | x |
| 2009-09-30 | $7.13 | $149.17 | x |
| 2010-09-30 | $8.20 | $149.17 | x |
| 2011-09-30 | $8.23 | $149.17 | x |
| 2012-09-30 | $10.01 | $149.17 | x |
| 2013-09-30 | $11.12 | $149.17 | x |
| 2014-09-30 | $13.95 | $149.17 | x |
| 2015-09-30 | $15.94 | $149.17 | x |
| 2016-09-30 | $18.11 | $149.17 | x |
| 2017-09-30 | $20.45 | $149.17 | x |
| 2018-09-30 | $23.43 | $149.17 | x |
| 2019-09-30 | $26.55 | $149.17 | x |
| 2020-09-30 | $31.98 | $149.17 | x |
| 2021-09-30 | $40.70 | $149.17 | x |
| 2022-09-30 | $54.67 | $149.17 | x |
| 2023-09-30 | $66.11 | $149.17 | x |
| 2024-09-30 | $76.34 | $149.17 | x |
| 2025-09-30 | $78.06 | $149.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DR Horton Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.47%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.47x
- Recent ROE (14.82%) is above the historical average (13.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 35.15% | 4.67% | 2.08x | 3.62x | $4.15 Million |
| 1992 | 17.59% | 7.41% | 1.37x | 1.73x | $3.97 Million |
| 1993 | 13.51% | 4.68% | 1.20x | 2.41x | $2.31 Million |
| 1994 | 20.92% | 4.50% | 1.70x | 2.73x | $9.24 Million |
| 1995 | 19.32% | 4.69% | 1.37x | 3.00x | $9.89 Million |
| 1996 | 26.07% | 8.46% | 1.36x | 2.27x | $28.54 Million |
| 1997 | 15.19% | 7.76% | 0.67x | 2.92x | $22.21 Million |
| 1998 | 17.00% | 4.29% | 1.31x | 3.04x | $38.46 Million |
| 1999 | 20.04% | 5.06% | 1.34x | 2.96x | $80.04 Million |
| 2000 | 19.77% | 5.25% | 1.36x | 2.78x | $94.76 Million |
| 2001 | 20.56% | 5.77% | 1.22x | 2.92x | $131.98 Million |
| 2002 | 17.83% | 6.01% | 1.12x | 2.65x | $177.71 Million |
| 2003 | 20.65% | 7.17% | 1.20x | 2.40x | $322.83 Million |
| 2004 | 24.62% | 8.99% | 1.21x | 2.27x | $579.03 Million |
| 2005 | 27.43% | 10.61% | 1.11x | 2.33x | $934.46 Million |
| 2006 | 19.11% | 8.19% | 1.02x | 2.30x | $588.01 Million |
| 2007 | -12.75% | -6.31% | 0.98x | 2.07x | $-1.27 Billion |
| 2008 | -92.92% | -39.63% | 0.86x | 2.72x | $-2.92 Billion |
| 2009 | -24.13% | -14.91% | 0.54x | 2.99x | $-771.26 Million |
| 2010 | 9.38% | 5.57% | 0.74x | 2.27x | $-16.22 Million |
| 2011 | 2.74% | 1.97% | 0.68x | 2.04x | $-190.26 Million |
| 2012 | 26.62% | 21.96% | 0.60x | 2.02x | $597.09 Million |
| 2013 | 11.40% | 7.39% | 0.71x | 2.18x | $56.85 Million |
| 2014 | 10.43% | 6.65% | 0.79x | 1.99x | $21.92 Million |
| 2015 | 12.74% | 6.94% | 0.97x | 1.89x | $161.27 Million |
| 2016 | 13.05% | 7.29% | 1.05x | 1.70x | $207.05 Million |
| 2017 | 13.40% | 7.37% | 1.16x | 1.57x | $263.69 Million |
| 2018 | 16.25% | 9.09% | 1.14x | 1.57x | $561.86 Million |
| 2019 | 16.15% | 9.20% | 1.13x | 1.56x | $616.41 Million |
| 2020 | 20.05% | 11.69% | 1.07x | 1.60x | $1.19 Billion |
| 2021 | 28.05% | 15.03% | 1.16x | 1.61x | $2.69 Billion |
| 2022 | 30.20% | 17.50% | 1.10x | 1.56x | $3.92 Billion |
| 2023 | 20.91% | 13.38% | 1.09x | 1.44x | $2.48 Billion |
| 2024 | 18.79% | 12.92% | 1.02x | 1.43x | $2.23 Billion |
| 2025 | 14.82% | 10.47% | 0.97x | 1.47x | $1.17 Billion |
Industry Comparison
This section compares DR Horton Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $640,987,444
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DR Horton Inc (DHI) | $24.56 Billion | 35.15% | 0.41x | $43.33 Billion |
| Beazer Homes USA Inc (BZH) | $351.19 Million | 21.32% | 1.83x | $557.97 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.88 Billion |
| Dream Finders Homes Inc (DFH) | $1.42 Billion | 23.61% | 1.34x | $499.32 Million |
| Green Brick Partners Inc (GRBK) | $433.04 Million | 3.46% | 0.41x | $2.91 Billion |
| Hovnanian Enterprises Inc (HOV) | $2.07 Billion | 7.21% | 1.64x | $564.31 Million |
| Installed Building Products Inc (IBP) | $319.18 Million | 30.47% | 2.72x | $8.08 Billion |
| KB Home (KBH) | $407.00 Million | 11.45% | 2.57x | $3.14 Billion |
| Legacy Housing Corp (LEGH) | $189.28 Million | 11.37% | 0.24x | $513.63 Million |
| Lennar Corporation (LEN) | $319.30 Million | 9.11% | 2.07x | $19.54 Billion |
About DR Horton Inc
D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 126 markets across 36 states under the names of D.R. Horton. The company also constructs and sells single-family detached homes; and attached ho… Read more