霍顿房屋D.R. Horton（DHI）2025财年年度报告「NYSE」（英文版）（124页）.pdf

1、ANNUAL REPORT-2025 -Balance Sheet:Cash and cash equivalents .$2,985.4$4,516.4$3,873.6$2,540.5$3,210.4Inventories .25,287.3 24,903.2 22,373.3 21,655.7 16,479.1Total assets .35,471.2 36,104.3 32,582.4 30,351.1 24,015.9Notes payable .5,965.5 5,917.7 5,094.5 6,066.9 5,412.4Stockholders equity .24,190.4

2、25,312.8 22,696.2 19,396.3 14,886.5Book value per share .82.15 78.12 67.78 56.39 41.81Common shares outstanding .294.5 324.0 334.8 344.0 356.0Income Statement and Cash Flow:Revenues .$34,250.4$36,801.4$35,460.4$33,480.0$27,774.2Income before income taxes .4,739.9 6,284.7 6,314.7 7,629.7 5,356.3Net i

3、ncome attributable to D.R.Horton,Inc.3,585.2 4,756.4 4,745.7 5,857.5 4,175.8Diluted earnings per share .11.57 14.34 13.82 16.51 11.41Cash provided by operations .3,420.9 2,189.8 4,304.1 561.8 534.4Cash dividends paid .494.8 395.2 341.2 316.5 289.3Repurchases of common stock .4,298.2 1,803.1 1,187.3

4、1,105.9 874.0Percentage of Revenues:Income before income taxes .13.8%17.1%17.8%22.8%19.3%Key Operating Measures:Return on assets(1).10.0%13.9%15.1%21.7%19.8%Return on equity(2).14.6%19.9%22.7%34.5%31.6%Consolidated leverage ratio(3).19.8%18.9%18.3%23.8%26.7%Homes closed by homebuilding operations .8

5、4,863 89,690 82,917 82,744 81,965Homes and apartment units closed by rental operations .6,407 6,172 8,287 1,549 1,21620242023202220212025 As of and for the Year Ended September 30,FINANCIAL SUMMARY(In millions,except for number of homes,apartment units and per share amounts)(1)Return on assets is ca

6、lculated as net income attributable to D.R.Horton for the year divided by average consolidated assets,where average consolidated assets is the sum of total asset balances for the trailing five quarters divided by five.(2)Return on equity is calculated as net income attributable to D.R.Horton for the