On this page of StockholderLetter.com we present the 12/15/2023 shareholder letter from HORTON D R INC /DE/ — ticker symbol DHI. Reading current and past DHI letters to shareholders can bring important insights into the investment thesis.
ANNUAL REPORT - 2023 -
FINANCIAL SUMMARY (In millions, except for number of homes, apartment units and per share amounts) z ^ , %DODQFH 6KHHW d .............................................................. E .......................................................... ,QFRPH 6WDWHPHQW DQG &DVK )ORZ Z .................................................................. E Z , / ......... Z ................................. Percentage of Revenues: .H\ 2SHUDWLQJ 0HDVXUHV Z .................................................. Z .................................................. $33,480 $35,460 $27,774 $30,000 $20,000 $17,593 $20,311 2020 2021 2022 2023 $0 5HWXUQ RQ (TXLW\ 45% 45% 32% 30% 15% 0% 17% 2019 $4.29 2019 $6.41 23% 2020 2021 2022 2023 38% 43% 30% 25% 2021 2022 2023 $41.81 $0 2019 2020 2021 0% 2022 2023 &RQVROLGDWHG /HYHUDJH 5DWLR 45% 30% 25% 27% 27% 18% 15% 2020 $27.20 $32.53 $20.00 35% 22% $67.78 $56.39 $60.00 $40.00 +RPHEXLOGLQJ 5HWXUQ RQ ,QYHQWRU\ 30% $80.00 $13.82 $11.41 %RRN 9DOXH SHU &RPPRQ 6KDUH $16.51 $10.00 $5.00 2019 $15.00 $10,000 $0 $20.00 'LOXWHG (DUQLQJV SHU &RPPRQ 6KDUH 5HYHQXHV $40,000 24% 18% 15% 2019 2020 2021 2022 2023 0% 2019 2020 2021 2022 2023 Z Z , Z Z ,
 • shareholder letter icon 12/15/2023 Letter Continued (Full PDF)
 • stockholder letter icon 12/13/2024 DHI Stockholder Letter
 • stockholder letter icon More "General Contractors & Builders" Category Stockholder Letters
 • Benford's Law Stocks icon DHI Benford's Law Stock Score = 94


DHI 12/15/2023 Shareholder/Stockholder Letter Transcript:

ANNUAL REPORT
- 2023 -

FINANCIAL SUMMARY
(In millions, except for number of homes, apartment units and per share amounts)
                              z                 ^                     ,

%DODQFH 6KHHW 

d                       ..............................................................
E                         ..........................................................                  


,QFRPH 6WDWHPHQW DQG &DVK )ORZ 
Z               ..................................................................                     

E                                                 Z   ,             /        .........



Z                                                   .................................
Percentage of Revenues:
.H\ 2SHUDWLQJ 0HDVXUHV 
Z                                    ..................................................
Z                                    ..................................................



$33,480 $35,460
$27,774
$30,000
$20,000 $17,593
$20,311
2020
2021
2022
2023
$0
5HWXUQ RQ (TXLW\  
45%
45%
32%
30%
15%
0%
17%
2019

























































$4.29
2019
$6.41
23%
2020
2021
2022
2023
38%
43%
30%
25%
2021
2022
2023
$41.81
$0
2019
2020
2021
0%
2022
2023
&RQVROLGDWHG /HYHUDJH 5DWLR  
45%
30%
25%
27%
27%
18%
15%
2020
$27.20
$32.53
$20.00
35%
22%
$67.78
$56.39
$60.00
$40.00
+RPHEXLOGLQJ 5HWXUQ RQ
,QYHQWRU\  
30%


$80.00
$13.82
$11.41

%RRN 9DOXH SHU &RPPRQ 6KDUH
$16.51
$10.00
$5.00
2019




$15.00
$10,000
$0




$20.00


'LOXWHG (DUQLQJV SHU
&RPPRQ 6KDUH
5HYHQXHV
$40,000

24%
18%
15%
2019
2020
2021
2022
2023
0%
2019
2020
2021
2022
2023
       Z                                                                                                               Z   ,                                                                                                                                       
       Z                                                                                                               Z   ,                                                                                                                                         





shareholder letter icon 12/15/2023 Letter Continued (Full PDF)
 

DHI Stockholder/Shareholder Letter (HORTON D R INC /DE/) 12/15/2023 | www.StockholderLetter.com
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