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D.R. Horton, Inc.

D.R. Horton, Inc.

NYSE•DHI
CEO: Mr. David V. Auld
Sector: Consumer Cyclical
Industry: Residential Construction
Listing Date: 1992-06-05
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 125 markets across 36 states under the names of D.R. Horton. The company constructs and sells single-family detached homes; and attached homes, such as townhomes, duplexes, and triplexes. It provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; and owns 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.
Contact Information
1341 Horton Circle, Arlington, TX, 76011, United States
817-390-8200
www.drhorton.com
Market Cap
$45.69B
P/E (TTM)
12.9
12.7
Dividend Yield
1.1%
52W High
$184.55
52W Low
$110.44
52W Range
62%
Rank29Top 12.7%
5.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$9.68B-3.25%
4-Quarter Trend

EPS

$3.06-22.53%
4-Quarter Trend

FCF

$2.43B+25.83%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Operating Cash Flow Net cash from operations $3.4B, increased substantially from $2.2B provided in prior year. (USD)
Financial Services Penetration DHI Mortgage financed 81% of homes closed, up from 78% penetration last year. (Percentage)
Increased Land Control Position Lots controlled via purchase contracts total 444,900, maintaining strong land control strategy for future builds. (Lots)
Rental Unit Closings Growth Multi-family rental units closed grew 34% to 2,947 units, offsetting single-family volume decline. (Units)

Risk Factors

Profitability Margin Compression Home sales gross margin fell to 21.5% from 23.5% due to increased sales incentives. (Percentage)
Consolidated Income Decline Pre-tax income dropped 25% to $4.7B, reflecting lower home sales volume and margins. (USD)
Inventory Impairment Charges Rise Homebuilding segment impairment charges totaled $29.9M, significantly higher than $14.0M recorded last year. (USD)
Increased SG&A Ratio Homebuilding SG&A expense rose to 8.3% of revenues, up from 7.5% last fiscal year. (Percentage)

Outlook

Maintain Inventory Management Strategy focuses on managing inventory levels and product mix based on local demand and affordability constraints. (Strategy)
Elevated Sales Incentives Expected Expect elevated sales incentives to continue supporting demand through fiscal 2026, dependent on market rates. (Incentives)
Capital Access Maintained Existing cash, credit facilities, and capital markets access provide sufficient liquidity for near-term needs. (Liquidity)
Forestar Lot Sales Strategy Forestar continues investing in land acquisition, prioritizing finished lot sales to D.R. Horton when possible. (Strategy)

Peer Comparison

Revenue (TTM)

Ford Motor CompanyF
$189.59B
+3.7%
JD.com, Inc.JD
$180.81B
+16.6%
Lennar CorporationLEN
$34.77B
-4.7%

Gross Margin (Latest Quarter)

Trip.com Group LimitedTCOM
81.7%
-0.7pp
eBay Inc.EBAY
70.9%
-0.9pp
Copart, Inc.CPRT
46.5%
+1.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ROST$59.22B28.236.8%33.7%
F$53.77B11.610.3%54.6%
TCOM$46.57B18.212.5%11.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.3%
Steady Growth
4Q Net Income CAGR
2.3%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Jan 20, 2026
|
EPS:$1.98
|
Revenue:$6.66B
Reports
All Years

  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 19, 2025|
    Revenue: $34.25B-6.9%
    |
    EPS: $11.62-19.5%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Jul 23, 2025|
    Revenue: $9.23B-7.4%
    |
    EPS: $3.34-18.9%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: Apr 23, 2025|
    Revenue: $7.73B-15.1%
    |
    EPS: $2.59-26.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Jan 23, 2025|
    Revenue: $7.61B-1.5%
    |
    EPS: $2.63-7.4%
    Beat

  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 19, 2024|
    Revenue: $36.80B+3.8%
    |
    EPS: $14.44+3.7%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Jul 23, 2024|
    Revenue: $9.97B+2.5%
    |
    EPS: $4.12+4.8%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: Apr 23, 2024|
    Revenue: $9.11B+14.2%
    |
    EPS: $3.54+28.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Jan 24, 2024|
    Revenue: $7.73B+6.5%
    |
    EPS: $2.84+1.8%
    Meet