D.R. Horton
DHI
133.28
-3.47
-2.54%
D.R. Horton
US · DHI
#570 by market cap
Listed 1970
133.28
-3.47
-2.54%
Live - 5344 symbols - heartbeat 481s ago
· 2026-10-08 07:39
Pre-market
131.13
-1.61%
After-hours
133.28
0.00%
Overnight
132.49
-0.59%
- Market cap
- 37.28B
- P/E (TTM)i
- 12.71
- P/Bi
- 1.57
- EPSi
- 11.57
- Div yieldi
- 1.31%
- 52W posi
- 6%
Reader sentiment
Are you bullish or bearish on DHI?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 5.78, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -6.93% YoY
Margins
- Gross margin
- 23.70%
- Operating margin
- 12.92%
- Net margin
- 10.47%
Key ratios & quality
- Altman Z-Scorei
- 5.78
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.07B | 17.59B | 20.31B | 27.77B | 33.48B | 35.46B | 36.80B | 34.25B |
| Gross profit | 3.67B | 3.87B | 4.94B | 7.88B | 10.50B | 9.35B | 9.54B | 8.12B |
| Selling & admin expenses | 1.68B | 1.83B | 2.05B | 2.56B | 2.93B | 3.25B | 3.60B | 3.69B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.99B | 2.04B | 2.89B | 5.32B | 7.57B | 6.10B | 5.94B | 4.42B |
| Pretax profit | 2.06B | 2.13B | 2.98B | 5.36B | 7.63B | 6.31B | 6.28B | 4.74B |
| Tax | 597.70M | 506.70M | 602.50M | 1.17B | 1.73B | 1.52B | 1.48B | 1.12B |
| Net profit | 1.46B | 1.62B | 2.38B | 4.19B | 5.90B | 4.80B | 4.81B | 3.62B |
| Basic EPS | 4 | 4 | 6 | 12 | 17 | 14 | 14 | 12 |
| Diluted EPS | 3.81 | 4.29 | 6.41 | 11.41 | 16.51 | 13.82 | 14.34 | 11.57 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 7.73B | 9.23B | 9.68B | 6.89B | 7.56B | 9.23B |
| Gross profit | 1.90B | 2.21B | 2.10B | 1.59B | 1.70B | 2.15B |
| Selling & admin expenses | 898.70M | 944.30M | 970.90M | 865.10M | 903.30M | 991.20M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.00B | 1.26B | 1.13B | 729.60M | 800.00M | 1.16B |
| Pretax profit | 1.07B | 1.36B | 1.20B | 798.10M | 867.40M | 1.23B |
| Tax | 248.00M | 325.00M | 288.00M | 196.70M | 209.40M | 307.50M |
| Net profit | 819.10M | 1.03B | 916.80M | 601.40M | 658.00M | 918.70M |
| Basic EPS | 3 | 3 | 3 | 2 | 2 | 3 |
| Diluted EPS | 2.58 | 3.36 | 3.04 | 2.03 | 2.24 | 3.20 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 13.32B | 14.70B | 17.80B | 23.20B | 28.80B | 31.17B | 34.75B | 34.14B |
| Cash & ST investments | 1.47B | 1.49B | 3.02B | 3.21B | 2.54B | 3.87B | 4.52B | 2.99B |
| Inventory | 10.40B | 11.28B | 12.24B | 16.48B | 21.66B | 22.37B | 24.90B | 25.29B |
| Total assets | 14.11B | 15.61B | 18.91B | 24.02B | 30.35B | 32.58B | 36.10B | 35.47B |
| Total current liabilities | 851.60M | 853.00M | 1.21B | 1.80B | 2.19B | 2.08B | 2.04B | 1.96B |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 3.20B | 3.40B | 4.28B | 5.41B | 6.07B | 5.09B | 5.92B | 5.97B |
| Total liabilities | 4,955,700,000.00 | 5,311,500,000.00 | 6,790,800,000.00 | 8,799,700,000.00 | 10,565,500,000.00 | 9,444,500,000.00 | 10,279,900,000.00 | 10,729,000,000.00 |
| Total equity | 9.16B | 10.30B | 12.12B | 15.22B | 19.79B | 23.14B | 25.82B | 24.74B |
| Retained earnings | 6.22B | 7.64B | 9.76B | 13.64B | 19.19B | 23.59B | 27.95B | 31.04B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 34.40B | 35.07B | 34.14B | 33.31B | 34.25B | 35.14B |
| Cash & ST investments | 2.47B | 2.61B | 2.99B | 2.51B | 1.92B | 2.08B |
| Inventory | 26.48B | 26.73B | 25.29B | 25.61B | 26.30B | 26.69B |
| Total assets | 35.69B | 36.40B | 35.47B | 34.64B | 35.57B | 36.51B |
| Total current liabilities | 3.05B | 3.16B | 1.96B | 2.64B | 2.94B | 3.57B |
| Short-term debt | 1.05B | 1.02B | -- | 760.00M | 865.00M | 1.32B |
| Long-term debt | 5.47B | 6.23B | 5.97B | 4.79B | 5.70B | 5.79B |
| Total liabilities | 10,831,300,000.00 | 11,802,900,000.00 | 10,729,000,000.00 | 10,084,200,000.00 | 11,367,900,000.00 | 12,104,800,000.00 |
| Total equity | 24.86B | 24.59B | 24.74B | 24.56B | 24.20B | 24.41B |
| Retained earnings | 29.35B | 30.25B | 31.04B | 31.50B | 32.02B | 32.80B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 545.20M | 892.10M | 1.42B | 534.40M | 561.80M | 4.30B | 2.19B | 3.42B |
| Depreciation & amortization | 62.40M | 72.00M | 90.60M | 82.10M | 81.40M | 91.60M | 87.10M | 101.30M |
| Free cash flow | 406.90M | 668.00M | 1.13B | 267.00M | 413.60M | 4.16B | 2.02B | 3.28B |
| Dividends paid | -188.40M | -223.40M | -256.00M | -289.30M | -316.50M | -341.20M | -395.20M | -494.80M |
| Stock buybacks / issuance | -137.80M | -398.80M | -398.60M | -893.40M | -1.19B | -1.23B | -1.85B | -4.35B |
| Ending cash balance | 1.51B | 1.51B | 3.04B | 3.24B | 2.57B | 3.90B | 4.54B | 3.03B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -436.20M | 738.60M | 2.47B | 854.00M | -412.50M | 439.30M |
| Depreciation & amortization | 24.60M | 25.20M | 27.40M | 27.70M | 28.10M | 29.00M |
| Free cash flow | -470.50M | 692.60M | 2.43B | 826.60M | -449.70M | 397.30M |
| Dividends paid | -125.50M | -122.40M | -118.40M | -131.50M | -129.70M | -127.10M |
| Stock buybacks / issuance | -1.39B | -1.17B | -705.30M | -678.90M | -975.30M | -610.40M |
| Ending cash balance | 2.52B | 2.66B | 3.03B | 2.55B | 1.97B | 2.13B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 17.46 | 17.03 | 21.72 | 31.25 | 34.17 | 22.55 | 19.81 | 14.48 |
| ROA %i | 11.11 | 10.89 | 13.75 | 19.45 | 21.55 | 15.08 | 13.85 | 10.02 |
| ROIC %i | 12.81 | 12.64 | 16.05 | 22.88 | 25.55 | 17.79 | 16.09 | 11.66 |
| 5-year avg ROE %i | 14.20 | 15.28 | 16.89 | 20.35 | 24.32 | 25.34 | 25.90 | 24.45 |
| EBIT margin %i | 12.40 | 11.59 | 14.23 | 19.15 | 22.61 | 17.21 | 16.13 | 12.92 |
| FCF / sales %i | 2.97 | 3.80 | 5.59 | 0.96 | 1.24 | 11.72 | 5.50 | 9.59 |
| Current ratioi | 15.64 | 17.23 | 14.71 | 12.87 | 13.13 | 14.96 | 17.06 | 17.39 |
| Quick ratioi | 1.89 | 2.01 | 2.72 | 1.96 | 1.35 | 2.06 | 2.42 | 1.75 |
| Debt / assetsi | 22.70 | 21.78 | 22.84 | 22.69 | 20.15 | 15.78 | 16.54 | 17.00 |
| LT debt / equityi | 35.66 | 33.92 | 36.49 | 36.61 | 31.53 | 22.66 | 23.59 | 24.93 |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 14.08 | 13.11 | 12.96 | 20.01 | 23.92 | 20.41 | 9.84 | 0.76 |
| Net income CAGR (3Y) %i | 24.83 | 22.23 | 31.73 | 41.94 | 53.53 | 25.98 | 4.44 | -15.09 |
| FCF CAGR (3Y) %i | -14.20 | 6.97 | 58.89 | -13.10 | -14.77 | 54.14 | 96.46 | 99.49 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 17.83 | 16.27 | 14.48 | 13.63 | 13.23 | 12.75 |
| ROA %i | 12.25 | 11.08 | 10.02 | 9.57 | 8.90 | 8.37 |
| ROIC %i | 13.90 | 12.63 | 11.66 | 11.17 | 10.38 | 9.79 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 15.14 | 14.15 | 12.92 | 12.29 | 11.76 | 11.43 |
| FCF / sales %i | 7.73 | 8.06 | 9.59 | 10.37 | 10.49 | 9.60 |
| Current ratioi | 11.27 | 11.11 | 17.39 | 12.64 | 11.66 | 9.84 |
| Quick ratioi | 0.97 | 0.96 | 1.75 | 1.12 | 0.80 | 0.70 |
| Debt / assetsi | 18.41 | 20.06 | 17.00 | 16.21 | 18.65 | 19.68 |
| LT debt / equityi | 22.69 | 26.12 | 24.93 | 20.24 | 24.42 | 24.62 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Homebuilding is the largest reported line at 94.14% of revenue, across 5 reported segments.
- The next-largest line, Forestar, is a distant second at 4.41% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Homebuilding94.14%
Forestar4.41%
Rental2.88%
Financial services2.39%
Quote time 2026-10-08 07:39:53 · For reference only, not investment advice and not tailored to your situation.