Horton D R (DHI) Change in Inventory (2009 - 2026)
Horton D R (DHI) recorded Change in Inventory of $532.9 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with -$107.8 million a year earlier and up 34.8% from the prior quarter.
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Analysis
Horton D R (DHI) Change in Inventory (2009 - 2026) Analysis & Trends
On a TTM basis, Horton D R's Change in Inventory came in at $1.82 billion as of Jun 30, 2026, down 11.0% year-over-year; for FY2025 (ended Sep 30, 2025), it was $1.88 billion, down 26.9% from FY2024.
- Annual Change in Inventory has a five-year compound annual growth rate of 20.6% (FY2020 to FY2025).
- Across earlier fiscal years, Change in Inventory came in at $2.58 billion in FY2024 (+110.1%), $1.23 billion in FY2023 (-40.4%), $2.06 billion in FY2022 (+18.7%) and $1.73 billion in FY2021 (+134.7%).
- The fiscal Q3 2026 figure is the highest quarterly Change in Inventory since fiscal Q1 2025.
- On a year-over-year basis, Change in Inventory rose in three of the last six quarters, with growth averaging 3.1%.
- Peak year-over-year performance for Change in Inventory in the last five years was growth of 160.3% in fiscal Q3 2024, against a decline of 97.2% in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $395.2 million (Q2 2026), $489.1 million (Q1 2026) and $403.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 42.23 Bn | 32.53 Bn | 2.15 Bn | 532.90 Mn |
| 2 | Pultegroup | 24.45 Bn | 17.81 Bn | 1.07 Bn | 342.05 Mn |
| 3 | Lennar | 20.89 Bn | 11.26 Bn | 618.54 Mn | 649.89 Mn |
| 4 | Nvr | 16.29 Bn | 10.42 Bn | 482.36 Mn | 137.50 Mn |
| 5 | Toll Brothers | 14.27 Bn | 9.64 Bn | 625.22 Mn | 328.54 Mn |
| 6 | Cavco Industries | 5.07 Bn | 4.03 Bn | 147.61 Mn | 2.13 Mn |
| 7 | Champion Homes | 5.06 Bn | 2.27 Bn | 185.60 Mn | 3.35 Mn |
| 8 | Meritage Homes | 4.37 Bn | 1.35 Bn | 410.22 Mn | 73.66 Mn |
| 9 | M | 3.35 Bn | 533.96 Mn | - | 95.39 Mn |
| 10 | Kb Home | 3.06 Bn | 2.26 Bn | -857.09 Mn | 252.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 532.90 Mn |
| Mar 31, 2026 | 395.20 Mn |
| Dec 31, 2025 | 489.10 Mn |
| Sep 30, 2025 | 403.20 Mn |
| Jun 30, 2025 | -107.80 Mn |
| Mar 31, 2025 | 345.40 Mn |
| Dec 31, 2024 | 1.24 Bn |
| Sep 30, 2024 | 564.40 Mn |
| Jun 30, 2024 | 641.00 Mn |
| Mar 31, 2024 | 433.30 Mn |
| Dec 31, 2023 | 937.80 Mn |
| Sep 30, 2023 | 311.40 Mn |
| Jun 30, 2023 | 246.30 Mn |
| Mar 31, 2023 | 31.20 Mn |
| Dec 31, 2022 | 637.50 Mn |
| Sep 30, 2022 | -1.00 Bn |
| Jun 30, 2022 | 926.50 Mn |
| Mar 31, 2022 | 1.13 Bn |
| Dec 31, 2021 | 1.00 Bn |
| Sep 30, 2021 | -4.80 Mn |
API Access
Horton D R Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=DHI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "DHI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=DHI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();