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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive “compensation actually paid” (as defined under SEC rules) and certain financial performance of the Company. For further information concerning the Company’s pay for performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis section beginning on page 27.
The following table sets forth information
regarding
the compensation of our current President and Chief Executive Officer, Paul Romanowski, and our former President and Chief Executive Officer, David Auld, and the average compensation of our other named executive officers (“NEOs”) for the years listed, as well as certain financial performance measures of the Company for the four most recently completed fiscal years. Mr. Romanowski was our principal executive officer (“PEO”) in fiscal 2024 and Mr. Auld was our PEO in fiscal 2023, 2022 and 2021.
 
 Year
  
Summary
Compensation
Table Total
for PEO
(1)
    
Compensation
Actually Paid to
PEO
(2)
    
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
(3)
    
Average
Compensation
Actually Paid to
Non-PEO NEOs
(4)
    
Value of Initial Fixed $100
Investment Based On:
    
Net Income
(7)
(in millions)
    
Pre-Tax

Income
(8)
(in millions)
  
 
Total
Shareholder
Return
(5)
    
Peer Group
Total
Shareholder
Return
(6)
  
2024
   $ 25,146,069     $ 40,606,598     $ 18,201,439     $ 36,962,537     $ 262.12     $ 256.82     $ 4,806.0     $ 6,284.7  
2023
   $ 32,082,857     $ 47,028,337     $ 17,370,023     $ 26,652,166     $ 146.46     $ 145.19     $ 4,795.2     $ 6,314.7  
2022
   $ 29,996,862     $ 26,181,129     $ 16,279,137     $ 13,299,571     $ 90.89     $ 88.95     $ 5,895.6     $ 7,629.7  
2021
   $ 30,571,596     $ 51,287,681     $ 23,003,394     $ 35,128,198     $ 112.08     $ 112.30     $ 4,191.2     $ 5,356.3  
 
(1)
Mr. Romanowski was our President and CEO in fiscal 2024 and Mr. Auld was our President and CEO in fiscal 2023, 2022 and 2021. The dollar amounts in this column are the amounts reported for Mr. Romanowski and Mr. Auld, respectively, for each of the corresponding fiscal years in the “Total” column in the Summary Compensation Table on page 41.
 
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to our PEO, as computed in accordance with Item 402(v) of Regulation
S-K,
and do not reflect the total compensation actually realized or received by our PEO. In accordance with these rules, these amounts reflect the “Total” as
set
forth in the
“
Summary Compensation Table
”
for each fiscal year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
Compensation Actually Paid to PEO
2024
Summary Compensation Table (SCT) total compensation
 $ 25,146,069
Less: value of stock awards reported in SCT for the fiscal year
 
(19,565,399
)
Plus:
year-end
fair value of outstanding and unvested stock awards granted in the fiscal year
   18,983,650
Plus: fair value as of the vesting date of stock awards granted and vested in the fiscal year
   4,713,595
Plus (or less, if negative): change in fair value from prior fiscal year end to the applicable fiscal year end of outstanding and unvested stock awards granted in prior fiscal years
   6,778,704
Plus (or less, if negative): change in fair value from prior fiscal year end to vesting date of stock awards granted in prior fiscal years that vested in the fiscal year
   4,549,979
Less: prior
year-end
fair value of any stock awards forfeited during the fiscal year
   —
Compensation actually paid to PEO
 $ 40,606,598
 
(3)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s NEOs as a group (excluding the PEO)
(Non-PEO
NEOs) in the “Total” column of the Summary Compensation Table in each applicable fiscal year. The
Non-PEO
NEOs for the fiscal years presented were as follows:
 
2024
   
2023
   
2022
   
2021
     
David V. Auld    Donald R. Horton    Donald R. Horton    Donald R. Horton   
Michael J. Murray    Michael J. Murray    Michael J. Murray    Michael J. Murray   
Bill W. Wheat    Paul J. Romanowski    Paul J. Romanowski    Bill W. Wheat   
   Bill W. Wheat    Bill W. Wheat      
 
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the
Non-PEO
NEOs as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
In accordance with these rules, these amounts reflect the “Total” as set forth in the Summary Compensation Table for each fiscal year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
Average Compensation Actually Paid to
Non-PEO
NEOs
2024
Average Summary Compensation Table (SCT) total compensation
 $ 18,201,439
Less: average value of stock awards reported in SCT for the fiscal year
 
(14,045,342
)
Plus: average
year-end
fair value of outstanding and unvested stock awards granted in the fiscal year
   13,863,203
Plus: average fair value as of the vesting date of stock awards granted and vested in the fiscal year
   3,476,776
Plus (or less, if negative): average change in fair value from prior fiscal year end to the applicable fiscal year end of outstanding and unvested stock awards granted in prior fiscal years
   8,611,008
Plus (or less, if negative): average change in fair value from prior fiscal year end to vesting date of stock awards granted in prior fiscal years that vested in the fiscal year
   6,855,453
Less: prior
year-end
fair value of any stock awards forfeited during the fiscal year
   —
Average compensation actually paid to
Non-PEO
NEOs
 $ 36,962,537
 
(5)
Total shareholder return (“TSR”) is calculated by assuming that a $100 investment was made on September 30, 2020 and all dividends were reinvested until the last day of each reported fiscal year.
 
(6)
For purposes of this peer group TSR disclosure, we have used the S&P 1500 Homebuilding Index, which is the peer group used in the Company’s stock performance graph in our annual report on Form
10-K
for the 2024 fiscal year.
 
(7)
The dollar amounts reported in this column are the net income reflected in the Company’s audited financial statements for the applicable fiscal year.
 
(8)
The dollar amounts reported in this column are the amount of
pre-tax
income reflected in the Company’s audited financial statements for the applicable fiscal year. We selected
pre-tax
income as our company-selected financial measure because this is the key annual performance metric employed under our executive compensation program.
     
Company Selected Measure Name Pre-Tax Income      
Named Executive Officers, Footnote
(3)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s NEOs as a group (excluding the PEO)
(Non-PEO
NEOs) in the “Total” column of the Summary Compensation Table in each applicable fiscal year. The
Non-PEO
NEOs for the fiscal years presented were as follows:
 
2024
   
2023
   
2022
   
2021
     
David V. Auld    Donald R. Horton    Donald R. Horton    Donald R. Horton   
Michael J. Murray    Michael J. Murray    Michael J. Murray    Michael J. Murray   
Bill W. Wheat    Paul J. Romanowski    Paul J. Romanowski    Bill W. Wheat   
   Bill W. Wheat    Bill W. Wheat      
     
Peer Group Issuers, Footnote
(6)
For purposes of this peer group TSR disclosure, we have used the S&P 1500 Homebuilding Index, which is the peer group used in the Company’s stock performance graph in our annual report on Form
10-K
for the 2024 fiscal year.
     
PEO Total Compensation Amount $ 25,146,069 $ 32,082,857 $ 29,996,862 $ 30,571,596
PEO Actually Paid Compensation Amount $ 40,606,598 47,028,337 26,181,129 51,287,681
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to our PEO, as computed in accordance with Item 402(v) of Regulation
S-K,
and do not reflect the total compensation actually realized or received by our PEO. In accordance with these rules, these amounts reflect the “Total” as
set
forth in the
“
Summary Compensation Table
”
for each fiscal year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
Compensation Actually Paid to PEO
2024
Summary Compensation Table (SCT) total compensation
 $ 25,146,069
Less: value of stock awards reported in SCT for the fiscal year
 
(19,565,399
)
Plus:
year-end
fair value of outstanding and unvested stock awards granted in the fiscal year
   18,983,650
Plus: fair value as of the vesting date of stock awards granted and vested in the fiscal year
   4,713,595
Plus (or less, if negative): change in fair value from prior fiscal year end to the applicable fiscal year end of outstanding and unvested stock awards granted in prior fiscal years
   6,778,704
Plus (or less, if negative): change in fair value from prior fiscal year end to vesting date of stock awards granted in prior fiscal years that vested in the fiscal year
   4,549,979
Less: prior
year-end
fair value of any stock awards forfeited during the fiscal year
   —
Compensation actually paid to PEO
 $ 40,606,598
     
Non-PEO NEO Average Total Compensation Amount $ 18,201,439 17,370,023 16,279,137 23,003,394
Non-PEO NEO Average Compensation Actually Paid Amount $ 36,962,537 26,652,166 13,299,571 35,128,198
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the
Non-PEO
NEOs as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
In accordance with these rules, these amounts reflect the “Total” as set forth in the Summary Compensation Table for each fiscal year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
Average Compensation Actually Paid to
Non-PEO
NEOs
2024
Average Summary Compensation Table (SCT) total compensation
 $ 18,201,439
Less: average value of stock awards reported in SCT for the fiscal year
 
(14,045,342
)
Plus: average
year-end
fair value of outstanding and unvested stock awards granted in the fiscal year
   13,863,203
Plus: average fair value as of the vesting date of stock awards granted and vested in the fiscal year
   3,476,776
Plus (or less, if negative): average change in fair value from prior fiscal year end to the applicable fiscal year end of outstanding and unvested stock awards granted in prior fiscal years
   8,611,008
Plus (or less, if negative): average change in fair value from prior fiscal year end to vesting date of stock awards granted in prior fiscal years that vested in the fiscal year
   6,855,453
Less: prior
year-end
fair value of any stock awards forfeited during the fiscal year
   —
Average compensation actually paid to
Non-PEO
NEOs
 $ 36,962,537
     
Compensation Actually Paid vs. Total Shareholder Return LOGO      
Compensation Actually Paid vs. Net Income LOGO      
Compensation Actually Paid vs. Company Selected Measure LOGO      
Total Shareholder Return Vs Peer Group LOGO      
Tabular List, Table
Financial Performance Measures
The most important financial performance measures used by the Company to link NEO compensation actually paid for the most recently completed fiscal year to the Company’s performance are as follows:
 
•
  
Pre-tax
income
 
•
  
Total shareholder return relative to the S&P 500 Index
 
•
  
Return on assets relative to our performance peer group
 
•
  
Operating margin relative to our performance peer group
 
•
  
Company stock price
     
Total Shareholder Return Amount $ 262.12 146.46 90.89 112.08
Peer Group Total Shareholder Return Amount 256.82 145.19 88.95 112.3
Net Income (Loss) $ 4,806,000,000 $ 4,795,200,000 $ 5,895,600,000 $ 4,191,200,000
Company Selected Measure Amount 6,284,700,000 6,314,700,000 7,629,700,000 5,356,300,000
Measure:: 1        
Pay vs Performance Disclosure        
Name Pre-tax income      
Measure:: 2        
Pay vs Performance Disclosure        
Name Total shareholder return relative to the S&P 500 Index      
Measure:: 3        
Pay vs Performance Disclosure        
Name Return on assets relative to our performance peer group      
Measure:: 4        
Pay vs Performance Disclosure        
Name Operating margin relative to our performance peer group      
Measure:: 5        
Pay vs Performance Disclosure        
Name Company stock price      
Mr Romanowski [Member]        
Pay vs Performance Disclosure        
PEO Name Mr. Romanowski      
Mr Auld [Member]        
Pay vs Performance Disclosure        
PEO Name Mr. Auld      
PEO | Value Of Stock Awards Reported In SCT For The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (19,565,399)      
PEO | Fair Value Of Outstanding And Unvested Stock Awards Granted In The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 18,983,650      
PEO | Fair Value As Of The Vesting Date Of Stock Awards Granted And Vested In The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,713,595      
PEO | Fair Value From Prior Fiscal Year End To The Applicable Fiscal Year End Of Outstanding And Unvested Stock Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,778,704      
PEO | Fair Value From Prior Fiscal Year End To Vesting Date Of Stock Awards Granted In Prior Fiscal Years That Vested In The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,549,979      
PEO | Fair Value Of Any Stock Awards Forfeited During The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Value Of Stock Awards Reported In SCT For The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (14,045,342)      
Non-PEO NEO | Fair Value Of Outstanding And Unvested Stock Awards Granted In The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 13,863,203      
Non-PEO NEO | Fair Value As Of The Vesting Date Of Stock Awards Granted And Vested In The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,476,776      
Non-PEO NEO | Fair Value From Prior Fiscal Year End To The Applicable Fiscal Year End Of Outstanding And Unvested Stock Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,611,008      
Non-PEO NEO | Fair Value From Prior Fiscal Year End To Vesting Date Of Stock Awards Granted In Prior Fiscal Years That Vested In The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,855,453      
Non-PEO NEO | Fair Value Of Any Stock Awards Forfeited During The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0