Superworth

D.R. Horton DHI

Residential Construction, Consumer Cyclical
$147.48
−0.12%
Market cap
$41.3B
PE
14.0×
10y median 11.1×
Forward PE
13.5×
10y median 10.7×
Price to sales
1.2×
EV/EBIT
11.1×
Revenue, 12 months
$33.3B
−4% on a year ago
Net margin
9.2%
Free cash flow yield
7.8%

D.R. Horton trades at 14.0× trailing earnings, pricier than 88% of the last ten years. Revenue was $33.3B over the last twelve months, down 4% on a year earlier with a 9% net margin.

Charts

Financials

Income statement for DHI, by quarter
Income statementQ4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
$10.5B+9%$7.7B+7%$9.1B+14%$10B+3%$10B−5%$7.6B−2%$7.7B−15%$9.2B−7%$9.7B−3%$6.9B−10%$7.6B−2%$9.2B+0%
Cost of revenue$7.7B+14%$5.7B+8%$6.8B+13%$7.3B+3%$7.4B−3%$5.7B−0%$5.8B−14%$7B−4%$7.6B+2%$5.3B−7%$5.9B+0%$7.1B+1%
Gross profit$2.8B−2%$2B+2%$2.3B+18%$2.6B+2%$2.6B−10%$1.9B−5%$1.9B−19%$2.2B−16%$2.1B−18%$1.6B−17%$1.7B−10%$2.1B−3%
SG&A$886.2M+7%$835M+13%$880.6M+14%$923.6M+8%$960.3M+8%$878.1M+5%$898.7M+2%$944.3M+2%$970.9M+1%$865.1M−2%$903.3M+1%$991.2M+5%
$1.9B−5%$1.2B−5%$1.5B+21%$1.7B−1%$1.6B−18%$1B−12%$1B−31%$1.3B−26%$1.1B−29%$729.6M−29%$800M−20%$1.2B−9%
Interest expensen/an/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income$2B−2%$1.2B−2%$1.5B+23%$1.8B+1%$1.7B−15%$1.1B−11%$1.1B−30%$1.4B−25%$1.2B−30%$798.1M−28%$867.4M−19%$1.2B−10%
$492.8M+18%$291.8M−2%$344.8M+17%$432.2M+0%$409.9M−17%$258M−12%$248M−28%$325M−25%$288M−30%$196.7M−24%$209.4M−16%$307.5M−5%
Net income$1.5B−8%$947.4M−1%$1.2B+24%$1.4B+1%$1.3B−15%$844.9M−11%$810.4M−31%$1B−24%$905.3M−30%$594.8M−30%$647.9M−20%$904.9M−12%
$4.45−5%$2.82+2%$3.52+29%$4.10+5%$3.92−12%$2.61−7%$2.58−27%$3.36−18%$3.04−22%$2.03−22%$2.24−13%$3.20−5%
339.1M−3%335.7M−3%333.3M−3%330.1M−4%327.4M−4%323.3M−4%314M−6%304.9M−8%297.4M−9%293.3M−9%289M−8%283M−7%

Gross profit: 32 periods, Q3 FY18 to Q3 FY26: not printed by the filing, worked out from its own lines.

Operating income: 59 periods, Q1 FY10 to Q3 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY10: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 5 periods, Q4 FY21 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY10: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 15 periods, Q4 FY11 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q4 FY26$9.1B$8.8B to $9.3B$3.01$2.78 to $3.2816
Q1 FY27$7.1B$5.4B to $7.7B$2.08$1.74 to $2.5512
Q2 FY27$7.7B$6.6B to $8.2B$2.42$1.99 to $2.655
Q3 FY27$9.5B$8.2B to $10.1B$3.28$2.70 to $3.595
Q4 FY27$9.9B$8.6B to $10.7B$3.50$2.89 to $3.845
Q1 FY28$7.7B$6.6B to $8.2B$2.45$2.02 to $2.695
Q2 FY28$8.3B$7.2B to $8.9B$2.95$2.43 to $3.236
Q3 FY28$10B$8.7B to $10.7B$4.03$3.32 to $4.416

Peers

Companies in Residential Construction nearest D.R. Horton's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
DHID.R. Horton$41.3B14.0×11.1×13.5×1.2×−4%9.2%
PHMPulteGroup$22.7B12.4×9.3×11.6×1.4×−7%11.6%
NVRNVR$15.9B15.5×16.6×n/m1.7×−10%12.0%
TOLToll Brothers$12.9B11.2×9.7×n/m1.2×−1%11.1%
IBPInstalled Building Products$5.3B21.4×28.4×n/m1.8×+0%8.5%
ECGEverus Construction$4.8B19.1×27.3×n/m1.1×+31%6.0%
MTHMeritage Homes CORP$4.2B13.4×8.6×n/m0.8×−13%6.1%
Peer median$9.1B14.5×13.1×11.6×1.3×−4%9.8%

Investors who own it

Investors we follow who held D.R. Horton at the end of Jun 30, 2026, from their 13F filings.

More on D.R. Horton

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About

Industry
Residential Construction
Sector
Consumer Cyclical

Valuation data, not investment advice. Prices as of .