D.R. Horton price to free cash flow DHI
Market value divided by free cash flow over the last twelve months, since 2011.
- Today, Oct 23, 2026
- 12.9×
- 10-year median
- 22.9×
- Against its 10-year history
- 11th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 10.2× to 139×
- Peer median
- 15.1×
D.R. Horton's price to free cash flow is 12.9× as of Oct 23, 2026.
That is below its ten-year median of 22.9×, lower than on 89% of days in the last ten years.
Over that time it ranged from 10.2× in Nov 2023 to 139× in Jun 2019.
The median for 6 homebuilders of a similar size is 15.1×.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 12.9× | 11.0× | 14.0× |
| 2025 | 13.0× | 13.0× | 23.4× |
| 2024 | 22.3× | 11.9× | 30.3× |
| 2023 | 12.2× | 10.2× | 79.1× |
| 2022 | 74.2× | 49.8× | 79.7× |
| 2021 | 87.7× | 18.4× | 88.7× |
| 2020 | 19.0× | 11.2× | 28.2× |
| 2019 | 25.5× | 25.5× | 139× |
| 2018 | 27.3× | 16.9× | 80.1× |
| 2017 | 68.9× | 19.5× | 80.4× |
| 2016 | 19.2× | 11.7× | 23.4× |
| 2015 | 18.3× | 17.6× | 18.9× |
| 2014 | n/m a value too high to mean anything | ||
| 2013 | n/m a value too high to mean anything | ||
| 2012 | n/m a value too high to mean anything | ||
| 2011 | 118× | 14.3× | 120× |
Against its peers
Companies in Residential Construction nearest D.R. Horton's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| DHID.R. Horton | 12.9× |
| PHMPulteGroup | 15.0× |
| NVRNVR | 15.2× |
| TOLToll Brothers | 11.8× |
| IBPInstalled Building Products | 18.1× |
| ECGEverus Construction | 19.4× |
| MTHMeritage Homes CORP | 10.1× |
| Peer median | 15.1× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on D.R. Horton
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.