D. R. Horton Inc (DHI)
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 homes, such as townhomes and duplexes. In addition, it provides mortgage financing and title agency services; and engages in the residential lot development business. Further, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; conducts insurance-related operations; and owns water rights and other water-related assets, as well as non-residential real estate, including ranch land and improvements. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.
- Symbol
- DHI
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- Market cap
- $37.90B
- 52 week range
- 131.75 - 176.22
Valuation
- Share price
- $135.00 (close of 2026-10-02)
- P/E (TTM)
- 12.83x
- Price to book
- 1.55x
- Price to free cash flow
- 11.84x
- Enterprise value
- $43.00B
- Book value per share
- $86.94
Price performance
| Period | Change |
|---|---|
| 1 day | -1.50% |
| 5 days | -4.60% |
| 1 month | -5.10% |
| 3 months | -14.86% |
| 6 months | -3.36% |
| Year to date | -6.27% |
| 1 year | -21.27% |
| 3 years | +27.14% |
| 5 years | +61.19% |
| 10 years | +347.02% |
| All time | +8081.82% |
Members of Congress who disclosed DHI trades
Josh Gottheimer · Lisa McClain · Gilbert Ray Cisneros · Kelly Morrison · Robert Bresnahan
Super investors holding DHI
Greenhaven Associates (Greenhaven Associates Inc) · Glenn Greenberg (Brave Warrior Advisors, LLC) · Ken Griffin (Citadel) · Stanley Druckenmiller (Duquesne Family Office) · Third Avenue Management (Third Avenue Management LLC) · Ray Dalio (Bridgewater Associates) · Warren Buffett (Berkshire Hathaway)
Profitability and growth
- Return on equity
- 14.49%
- Return on assets
- 10.11%
- Gross margin
- 23.70%
- Net margin
- 10.47%
- EBITDA margin
- 14.03%
- Revenue growth
- -6.93%
- Net income growth
- -24.62%
- Free cash flow growth
- 62.19%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 8.45%
- Net debt to EBITDA
- 1.30x
Latest reported year
- Period end
- 2025-09-30
- Fiscal year
- 2025
- Revenue
- $34.25B
- Cost of revenue
- $26.13B
- Gross profit
- $8.12B
- EBITDA
- $4.81B
- Net income
- $3.59B
- Earnings per share
- $11.62
- Shares outstanding
- 308.50M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-09-30 | $34.25B | $8.12B | $3.59B | $11.62 |
| 2024-09-30 | $36.80B | $9.54B | $4.76B | $14.44 |
| 2023-09-30 | $35.46B | $9.35B | $4.75B | $13.93 |
| 2022-09-30 | $33.48B | $10.50B | $5.86B | $16.65 |
| 2021-09-30 | $27.77B | $7.88B | $4.18B | $11.56 |
| 2020-09-30 | $20.31B | $4.94B | $2.37B | $6.49 |
| 2019-09-30 | $17.59B | $3.87B | $1.62B | $4.34 |
| 2018-09-30 | $16.07B | $3.67B | $1.46B | $3.88 |
| 2017-09-30 | $14.09B | $3.05B | $1.04B | $2.77 |
| 2016-09-30 | $12.16B | $2.65B | $886.30M | $2.39 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity |
|---|---|---|---|
| 2025-09-30 | 23.70% | 10.47% | 14.49% |
| 2024-09-30 | 25.91% | 12.92% | 18.42% |
| 2023-09-30 | 26.37% | 13.38% | 20.51% |
| 2022-09-30 | 31.37% | 17.50% | 29.60% |
| 2021-09-30 | 28.35% | 15.03% | 27.44% |
| 2020-09-30 | 24.31% | 11.69% | 19.58% |
| 2019-09-30 | 22.01% | 9.20% | 15.72% |
| 2018-09-30 | 22.84% | 9.09% | 15.94% |
| 2017-09-30 | 21.63% | 7.37% | 13.40% |
| 2016-09-30 | 21.84% | 7.29% | 13.05% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-09-30 | $2.99B |
| 2024-09-30 | $4.52B |
| 2023-09-30 | $3.87B |
| 2022-09-30 | $2.54B |
| 2021-09-30 | $3.21B |
| 2020-09-30 | $3.02B |
| 2019-09-30 | $1.49B |
| 2018-09-30 | $1.47B |
| 2017-09-30 | $1.01B |
| 2016-09-30 | $1.30B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-09-30 | $3.28B | $131.00M |
| 2024-09-30 | $2.02B | $118.10M |
| 2023-09-30 | $4.16B | $111.20M |
| 2022-09-30 | $413.60M | $105.10M |
| 2021-09-30 | $440.90M | $91.40M |
| 2020-09-30 | $1.33B | $77.80M |
| 2019-09-30 | $764.90M | $73.20M |
| 2018-09-30 | $477.10M | $55.80M |
| 2017-09-30 | $337.50M | $59.20M |
| 2016-09-30 | $545.80M | $49.00M |
Dividend history
- Most recent payment
- 2026-08-06
- Paid in the last twelve months
- $1.80
| Payment date | Dividend per share |
|---|---|
| 2026-08-06 | $0.45 |
| 2026-05-07 | $0.45 |
| 2026-02-05 | $0.45 |
| 2025-11-13 | $0.45 |
| 2025-08-07 | $0.40 |
| 2025-05-02 | $0.40 |
| 2025-02-07 | $0.40 |
| 2024-11-12 | $0.40 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $3.06
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-21 | Jun/2026 | $2.99 |
| 2026-04-21 | Mar/2026 | $2.15 |
| 2026-01-20 | Dec/2025 | $1.96 |
| 2025-10-28 | Sep/2025 | $3.29 |
| 2025-07-22 | Jun/2025 | $2.90 |
| 2025-07-16 | - | - |
| 2025-04-17 | Mar/2025 | $2.66 |
| 2025-04-16 | - | - |
Filings and sources
- Company website
- drhorton.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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