D.R. Horton DHI
- 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 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 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 expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/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: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $9.1B | $8.8B to $9.3B | $3.01 | $2.78 to $3.28 | 16 |
| Q1 FY27 | $7.1B | $5.4B to $7.7B | $2.08 | $1.74 to $2.55 | 12 |
| Q2 FY27 | $7.7B | $6.6B to $8.2B | $2.42 | $1.99 to $2.65 | 5 |
| Q3 FY27 | $9.5B | $8.2B to $10.1B | $3.28 | $2.70 to $3.59 | 5 |
| Q4 FY27 | $9.9B | $8.6B to $10.7B | $3.50 | $2.89 to $3.84 | 5 |
| Q1 FY28 | $7.7B | $6.6B to $8.2B | $2.45 | $2.02 to $2.69 | 5 |
| Q2 FY28 | $8.3B | $7.2B to $8.9B | $2.95 | $2.43 to $3.23 | 6 |
| Q3 FY28 | $10B | $8.7B to $10.7B | $4.03 | $3.32 to $4.41 | 6 |
Peers
Companies in Residential Construction nearest D.R. Horton's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| DHID.R. Horton | $41.3B | 14.0× | 11.1× | 13.5× | 1.2× | −4% | 9.2% |
| PHMPulteGroup | $22.7B | 12.4× | 9.3× | 11.6× | 1.4× | −7% | 11.6% |
| NVRNVR | $15.9B | 15.5× | 16.6× | n/m | 1.7× | −10% | 12.0% |
| TOLToll Brothers | $12.9B | 11.2× | 9.7× | n/m | 1.2× | −1% | 11.1% |
| IBPInstalled Building Products | $5.3B | 21.4× | 28.4× | n/m | 1.8× | +0% | 8.5% |
| ECGEverus Construction | $4.8B | 19.1× | 27.3× | n/m | 1.1× | +31% | 6.0% |
| MTHMeritage Homes CORP | $4.2B | 13.4× | 8.6× | n/m | 0.8× | −13% | 6.1% |
| Peer median | $9.1B | 14.5× | 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.
- Stanley DruckenmillerDuquesne Family Office1.1% of portfolionew
- Warren BuffettBerkshire Hathaway0.0% of portfolionew
More on D.R. Horton
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #8of 40Consumer cyclical stocks with the lowest forward PE
- #6of 19Homebuilders with the highest profit margins
- #6of 18Homebuilders with the lowest EV/EBIT
- #6of 17Homebuilders with the highest free cash flow yield
- #7of 19Homebuilders with the fastest revenue growth
- #6of 15Homebuilders with the fastest earnings growth
- #10of 17Homebuilders with the lowest PE ratio
Its groups
About
- Industry
- Residential Construction
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .