Symbols / DHI Stock $163.16 +1.23% D.R. Horton, Inc.

Consumer Cyclical • Residential Construction • United States • NYQ
DHI (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

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 126 markets across 36 states under the names of D.R. Horton. The company also constructs and sells single-family detached homes; and attached homes, such as townhomes and duplexes. In addition, it provides mortgage financing and title agency services; and engages in the residential lot development business. Further, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; conducts insurance-related operations; and owns water rights and other water-related assets, as well as 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.

Stock Fundamentals
Scroll to Statements
Market Cap 46.49B Enterprise Value 51.15B Income 3.17B Sales 33.35B Book/sh 82.92 Cash/sh 6.73
Dividend Yield 1.12% Payout 15.96% Employees 14341 IPO — P/E 15.32 Forward P/E 13.43
PEG — P/S 1.39 P/B 1.97 P/C — EV/EBITDA 11.98 EV/Sales 1.53
Quick Ratio 0.28 Current Ratio 4.50 Debt/Eq 27.12 LT Debt/Eq — EPS (ttm) 10.65 EPS next Y 12.15
EPS Growth -13.20% Revenue Growth -2.30% Earnings 2026-07-21 ROA 7.30% ROE 13.08% ROIC —
Gross Margin 21.60% Oper. Margin 11.26% Profit Margin 9.51% Shs Outstand 284.94M Shs Float 252.57M Short Float 7.29%
Short Ratio 5.85 Short Interest — 52W High 184.55 52W Low 114.17 Beta 1.45 Avg Volume 2.85M
Volume 851.49K Target Price $154.57 Recom Hold Prev Close $161.18 Price $163.16 Change 1.23%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$154.57
Mean price target
2. Current target
$163.16
Latest analyst target
3. DCF / Fair value
$504.77
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$163.16
Low
$117.00
High
$193.00
Mean
$154.57

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-23 main Citigroup Neutral → Neutral $173
2026-04-22 main UBS Buy → Buy $206
2026-04-22 main Goldman Sachs Buy → Buy $190
2026-04-22 main Wells Fargo Equal-Weight → Equal-Weight $170
2026-04-22 main RBC Capital Underperform → Underperform $123
2026-04-22 main Barclays Equal-Weight → Equal-Weight $140
2026-04-22 main Truist Securities Hold → Hold $150
2026-04-16 main Truist Securities Hold → Hold $140
2026-04-13 main Evercore ISI Group In-Line → In-Line $153
2026-04-08 main Wells Fargo Equal-Weight → Equal-Weight $147
2026-04-08 main Barclays Equal-Weight → Equal-Weight $128
2026-04-07 down Seaport Global Buy → Neutral —
2026-01-23 main Argus Research Buy → Buy $185
2026-01-21 main Evercore ISI Group In-Line → In-Line $169
2026-01-21 main B of A Securities Neutral → Neutral $158
2026-01-21 main Barclays Equal-Weight → Equal-Weight $129
2026-01-08 main Citigroup Neutral → Neutral $154
2026-01-07 down Citizens Market Outperform → Market Perform —
2026-01-06 main UBS Buy → Buy $191
2026-01-06 down Wells Fargo Overweight → Equal-Weight $155
News
RSS: Latest DHI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-22 MURRAY MICHAEL JOHN Chief Operating Officer — 6,388 $0.00 $0
2026-04-22 ROMANOWSKI PAUL J. Chief Executive Officer — 7,665 $0.00 $0
2026-04-22 AULD DAVID V Officer and Director — 5,110 $0.00 $0
2026-04-20 MURRAY MICHAEL JOHN Chief Operating Officer — 2,370 — —
2026-04-20 ROMANOWSKI PAUL J. Chief Executive Officer — 2,370 — —
2026-04-20 MILLER MARIBESS L Director — 139 — —
2026-04-20 AULD DAVID V Officer and Director — 7,016 — —
2026-03-30 ANDERSON BRADLEY S Director — 224 — —
2026-03-30 ODOM ARON M Officer — 887 — —
2026-03-30 MILLER MARIBESS L Director — 224 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
34,250.40
-6.93%
36,801.40
+3.78%
35,460.40
+5.92%
33,480.00
Operating Revenue
34,250.40
-6.93%
36,801.40
+3.78%
35,460.40
+5.92%
33,480.00
Cost Of Revenue
26,134.20
-4.15%
27,266.00
+4.43%
26,110.00
+13.64%
22,975.90
Reconciled Cost Of Revenue
26,134.20
-4.15%
27,266.00
+4.43%
26,110.00
+13.64%
22,975.90
Gross Profit
8,116.20
-14.88%
9,535.40
+1.98%
9,350.40
-10.98%
10,504.10
Operating Expense
3,692.00
+2.57%
3,599.50
+10.79%
3,248.80
+10.74%
2,933.70
Selling General And Administration
3,692.00
+2.57%
3,599.50
+10.79%
3,248.80
+10.74%
2,933.70
Total Expenses
29,826.20
-3.37%
30,865.50
+5.13%
29,358.80
+13.31%
25,909.60
Operating Income
4,424.20
-25.47%
5,935.90
-2.72%
6,101.60
-19.40%
7,570.40
EBITDA
4,525.50
-24.86%
6,023.00
-2.75%
6,193.20
-19.06%
7,651.80
Normalized EBITDA
4,525.50
-24.86%
6,023.00
-2.75%
6,193.20
-19.06%
7,651.80
Reconciled Depreciation
101.30
+16.30%
87.10
-4.91%
91.60
+12.53%
81.40
EBIT
4,424.20
-25.47%
5,935.90
-2.72%
6,101.60
-19.40%
7,570.40
Total Unusual Items
—
—
0.00
0.00
Total Unusual Items Excluding Goodwill
—
—
0.00
0.00
Special Income Charges
—
—
0.00
0.00
Other Special Charges
—
—
—
—
Net Income
3,585.20
-24.62%
4,756.40
+0.23%
4,745.70
-18.98%
5,857.50
Pretax Income
4,739.90
-24.58%
6,284.70
-0.48%
6,314.70
-17.24%
7,629.70
Other Income Expense
315.70
-9.49%
348.80
+63.68%
213.10
+259.36%
59.30
Other Non Operating Income Expenses
315.70
-9.49%
348.80
+63.68%
213.10
+259.36%
59.30
Tax Provision
1,119.00
-24.33%
1,478.70
-2.69%
1,519.50
-12.38%
1,734.10
Tax Rate For Calcs
0.00
+0.43%
0.00
-2.49%
0.00
+6.17%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
3,620.90
-24.66%
4,806.00
+0.23%
4,795.20
-18.66%
5,895.60
Net Income From Continuing Operation Net Minority Interest
3,585.20
-24.62%
4,756.40
+0.23%
4,745.70
-18.98%
5,857.50
Net Income From Continuing And Discontinued Operation
3,585.20
-24.62%
4,756.40
+0.23%
4,745.70
-18.98%
5,857.50
Net Income Continuous Operations
3,620.90
-24.66%
4,806.00
+0.23%
4,795.20
-18.66%
5,895.60
Minority Interests
-35.70
+28.02%
-49.60
-0.20%
-49.50
-29.92%
-38.10
Normalized Income
3,585.20
-24.62%
4,756.40
+0.23%
4,745.70
-18.98%
5,857.50
Net Income Common Stockholders
3,585.20
-24.62%
4,756.40
+0.23%
4,745.70
-18.98%
5,857.50
Diluted EPS
11.57
-19.32%
14.34
+3.76%
13.82
-16.29%
16.51
Basic EPS
11.62
-19.53%
14.44
+3.66%
13.93
-16.34%
16.65
Basic Average Shares
308.50
-6.37%
329.50
-3.29%
340.70
-3.13%
351.70
Diluted Average Shares
309.90
-6.54%
331.60
-3.41%
343.30
-3.24%
354.80
Diluted NI Availto Com Stockholders
3,585.20
-24.62%
4,756.40
+0.23%
4,745.70
-18.98%
5,857.50
Gain On Sale Of PPE
—
—
0.00
0.00
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
35,471.20
-1.75%
36,104.30
+10.81%
32,582.40
+7.35%
30,351.10
Current Assets
34,142.70
-1.74%
34,745.90
+11.46%
31,172.80
+8.24%
28,800.80
Cash Cash Equivalents And Short Term Investments
2,985.40
-33.90%
4,516.40
+16.59%
3,873.60
+52.47%
2,540.50
Cash And Cash Equivalents
2,985.40
-33.90%
4,516.40
+16.59%
3,873.60
+52.47%
2,540.50
Receivables
458.90
+8.90%
421.40
-1.29%
426.90
+0.90%
423.10
Other Receivables
458.90
+8.90%
421.40
-1.29%
426.90
+0.90%
423.10
Inventory
25,287.30
+1.54%
24,903.20
+11.31%
22,373.30
+3.31%
21,655.70
Finished Goods
25,287.30
+1.54%
24,903.20
+11.31%
22,373.30
+3.31%
21,655.70
Prepaid Assets
134.50
+14.08%
117.90
+26.77%
93.00
+20.16%
77.40
Restricted Cash
2,710.10
+17.35%
2,309.50
+22.45%
1,886.10
+9.78%
1,718.10
Assets Held For Sale Current
2,566.50
+3.59%
2,477.50
-1.68%
2,519.90
+5.61%
2,386.00
Total Non Current Assets
1,328.50
-2.20%
1,358.40
-3.63%
1,409.60
-9.08%
1,550.30
Net PPE
85.90
+22.71%
70.00
+8.36%
64.60
-55.26%
144.40
Gross PPE
85.90
+22.71%
70.00
+8.36%
64.60
-55.26%
144.40
Other Properties
85.90
+22.71%
70.00
+8.36%
64.60
-55.26%
144.40
Goodwill And Other Intangible Assets
190.60
+12.51%
169.40
-2.98%
174.60
+0.29%
174.10
Goodwill
163.50
+0.00%
163.50
+0.00%
163.50
+0.00%
163.50
Other Intangible Assets
27.10
+359.32%
5.90
-46.85%
11.10
+4.72%
10.60
Non Current Deferred Assets
44.50
-73.43%
167.50
-10.52%
187.20
+32.67%
141.10
Non Current Deferred Taxes Assets
44.50
-73.43%
167.50
-10.52%
187.20
+32.67%
141.10
Other Non Current Assets
408.20
+4.19%
391.80
-2.03%
399.90
+17.96%
339.00
Total Liabilities Net Minority Interest
10,729.00
+4.37%
10,279.90
+8.85%
9,444.50
-10.61%
10,565.50
Current Liabilities
1,962.90
-3.61%
2,036.50
-2.26%
2,083.50
-4.99%
2,192.90
Payables And Accrued Expenses
1,881.40
-2.86%
1,936.80
+0.02%
1,936.40
-1.64%
1,968.70
Payables
1,323.60
-8.77%
1,450.80
-6.35%
1,549.20
+1.17%
1,531.30
Accounts Payable
1,221.90
-9.19%
1,345.50
+7.97%
1,246.20
-8.39%
1,360.30
Current Accrued Expenses
557.80
+14.77%
486.00
+25.52%
387.20
-11.48%
437.40
Employee Benefits
598.70
+5.09%
569.70
+7.29%
531.00
+1.28%
524.30
Total Tax Payable
101.70
-3.42%
105.30
-65.25%
303.00
+77.19%
171.00
Income Tax Payable
19.00
-31.41%
27.70
-88.15%
233.80
+110.82%
110.90
Current Deferred Liabilities
81.50
-18.25%
99.70
-32.22%
147.10
-34.39%
224.20
Current Deferred Revenue
81.50
-18.25%
99.70
-32.22%
147.10
-34.39%
224.20
Total Non Current Liabilities Net Minority Interest
8,766.10
+6.34%
8,243.40
+11.99%
7,361.00
-12.08%
8,372.60
Long Term Debt And Capital Lease Obligation
6,031.10
+1.01%
5,971.00
+16.11%
5,142.60
-15.90%
6,114.80
Long Term Debt
5,965.50
+0.81%
5,917.70
+16.16%
5,094.50
-16.03%
6,066.90
Long Term Capital Lease Obligation
65.60
+23.08%
53.30
+10.81%
48.10
+0.42%
47.90
Long Term Provisions
1,709.80
+12.75%
1,516.50
+10.59%
1,371.30
+15.88%
1,183.40
Other Non Current Liabilities
392.40
+218.51%
123.20
-16.53%
147.60
+30.27%
113.30
Stockholders Equity
24,190.40
-4.43%
25,312.80
+11.53%
22,696.20
+17.01%
19,396.30
Common Stock Equity
24,190.40
-4.43%
25,312.80
+11.53%
22,696.20
+17.01%
19,396.30
Capital Stock
4.00
+0.00%
4.00
+0.00%
4.00
+0.00%
4.00
Common Stock
4.00
+0.00%
4.00
+0.00%
4.00
+0.00%
4.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
404.03
+0.29%
402.85
+0.41%
401.20
+0.51%
399.17
Ordinary Shares Number
294.48
-9.12%
324.03
-3.23%
334.85
-2.65%
343.95
Treasury Shares Number
109.56
+38.99%
78.82
+18.79%
66.35
+20.16%
55.22
Additional Paid In Capital
3,576.10
+2.45%
3,490.70
+1.70%
3,432.20
+2.47%
3,349.50
Retained Earnings
31,041.40
+11.06%
27,951.00
+18.49%
23,589.80
+22.96%
19,185.30
Treasury Stock
10,431.10
+70.08%
6,132.90
+41.64%
4,329.80
+37.78%
3,142.50
Minority Interest
551.80
+7.86%
511.60
+15.83%
441.70
+13.46%
389.30
Total Equity Gross Minority Interest
24,742.20
-4.19%
25,824.40
+11.61%
23,137.90
+16.94%
19,785.60
Total Capitalization
30,155.90
-3.44%
31,230.50
+12.38%
27,790.70
+9.14%
25,463.20
Working Capital
32,179.80
-1.62%
32,709.40
+12.44%
29,089.30
+9.33%
26,607.90
Invested Capital
30,155.90
-3.44%
31,230.50
+12.38%
27,790.70
+9.14%
25,463.20
Total Debt
6,031.10
+1.01%
5,971.00
+16.11%
5,142.60
-15.90%
6,114.80
Net Debt
2,980.10
+112.67%
1,401.30
+14.78%
1,220.90
-65.38%
3,526.40
Capital Lease Obligations
65.60
+23.08%
53.30
+10.81%
48.10
+0.42%
47.90
Net Tangible Assets
23,999.80
-4.55%
25,143.40
+11.64%
22,521.60
+17.16%
19,222.20
Tangible Book Value
23,999.80
-4.55%
25,143.40
+11.64%
22,521.60
+17.16%
19,222.20
Derivative Product Liabilities
34.10
-45.87%
63.00
-62.61%
168.50
-61.42%
436.80
Financial Assets
43.30
-8.46%
47.30
-69.66%
155.90
-58.75%
377.90
Interest Payable
60.50
+73.85%
34.80
+3.57%
33.60
-0.59%
33.80
Investment Properties
556.00
+8.51%
512.40
+19.89%
427.40
+14.34%
373.80
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
3,420.90
+56.22%
2,189.80
-49.12%
4,304.10
+666.13%
561.80
Cash Flow From Continuing Operating Activities
3,420.90
+56.22%
2,189.80
-49.12%
4,304.10
+666.13%
561.80
Net Income From Continuing Operations
3,620.90
-24.66%
4,806.00
+0.23%
4,795.20
-18.66%
5,895.60
Depreciation Amortization Depletion
101.30
+16.30%
87.10
-4.91%
91.60
+12.53%
81.40
Depreciation And Amortization
101.30
+16.30%
87.10
-4.91%
91.60
+12.53%
81.40
Other Non Cash Items
—
—
—
—
Stock Based Compensation
131.00
+10.92%
118.10
+6.21%
111.20
+5.80%
105.10
Deferred Tax
123.20
+548.42%
19.00
+141.39%
-45.90
-257.73%
29.10
Deferred Income Tax
123.20
+548.42%
19.00
+141.39%
-45.90
-257.73%
29.10
Operating Gains Losses
158.10
+100.63%
78.80
-1.87%
80.30
+14.06%
70.40
Gain Loss On Investment Securities
158.10
+100.63%
78.80
-1.87%
80.30
+14.06%
70.40
Change In Working Capital
-713.60
+75.55%
-2,919.20
-300.82%
-728.30
+87.04%
-5,619.80
Change In Inventory
-460.10
+82.64%
-2,649.80
-413.13%
-516.40
+90.04%
-5,185.00
Change In Payables And Accrued Expense
83.70
+327.04%
19.60
+119.25%
-101.80
-109.83%
1,035.50
Change In Payable
83.70
+327.04%
19.60
+119.25%
-101.80
-109.83%
1,035.50
Change In Account Payable
83.70
+327.04%
19.60
+119.25%
-101.80
-109.83%
1,035.50
Change In Other Current Assets
-337.20
-16.68%
-289.00
-162.49%
-110.10
+92.51%
-1,470.30
Investing Cash Flow
-168.70
+11.49%
-190.60
+38.56%
-310.20
+25.23%
-414.90
Cash Flow From Continuing Investing Activities
-168.70
+11.49%
-190.60
+38.56%
-310.20
+25.23%
-414.90
Capital Expenditure
-137.40
+16.88%
-165.30
-11.24%
-148.60
-0.27%
-148.20
Capital Expenditure Reported
-137.40
+16.88%
-165.30
-11.24%
-148.60
-0.27%
-148.20
Net Business Purchase And Sale
-53.10
-31.44%
-40.40
+81.02%
-212.90
+21.58%
-271.50
Purchase Of Business
-53.10
-31.44%
-40.40
+81.02%
-212.90
+21.58%
-271.50
Net Other Investing Changes
21.80
+44.37%
15.10
-70.57%
51.30
+968.75%
4.80
Financing Cash Flow
-4,762.90
-251.43%
-1,355.30
+49.18%
-2,666.70
-228.74%
-811.20
Cash Flow From Continuing Financing Activities
-4,762.90
-251.43%
-1,355.30
+49.18%
-2,666.70
-228.74%
-811.20
Net Issuance Payments Of Debt
3.70
-99.59%
894.70
+184.28%
-1,061.60
-285.43%
572.50
Issuance Of Debt
3,272.00
+56.83%
2,086.30
+173.68%
762.30
-82.57%
4,373.70
Repayment Of Debt
-3,268.30
-174.28%
-1,191.60
+34.67%
-1,823.90
+52.02%
-3,801.20
Long Term Debt Issuance
3,272.00
+56.83%
2,086.30
+173.68%
762.30
-82.57%
4,373.70
Long Term Debt Payments
-3,268.30
-174.28%
-1,191.60
+34.67%
-1,823.90
+52.02%
-3,801.20
Net Long Term Debt Issuance
3.70
-99.59%
894.70
+184.28%
-1,061.60
-285.43%
572.50
Net Common Stock Issuance
-4,345.80
-134.69%
-1,851.70
-49.98%
-1,234.60
-3.59%
-1,191.80
Common Stock Payments
-4,345.80
-132.22%
-1,871.40
-51.58%
-1,234.60
-3.44%
-1,193.50
Common Stock Dividend Paid
-494.80
-25.20%
-395.20
-15.83%
-341.20
-7.80%
-316.50
Cash Dividends Paid
-494.80
-25.20%
-395.20
-15.83%
-341.20
-7.80%
-316.50
Repurchase Of Capital Stock
-4,345.80
-132.22%
-1,871.40
-51.58%
-1,234.60
-3.44%
-1,193.50
Proceeds From Stock Option Exercised
18.50
-10.19%
20.60
-19.22%
25.50
-23.19%
33.20
Net Other Financing Charges
55.50
+334.18%
-23.70
+56.75%
-54.80
-159.96%
91.40
Changes In Cash
-1,510.70
-334.62%
643.90
-51.48%
1,327.20
+299.79%
-664.30
Beginning Cash Position
4,544.00
+16.51%
3,900.10
+51.58%
2,572.90
-20.52%
3,237.20
End Cash Position
3,033.30
-33.25%
4,544.00
+16.51%
3,900.10
+51.58%
2,572.90
Free Cash Flow
3,283.50
+62.19%
2,024.50
-51.28%
4,155.50
+904.71%
413.60
Income Tax Paid Supplemental Data
1,020.50
-38.88%
1,669.70
+15.79%
1,442.00
-15.23%
1,701.10
Common Stock Issuance
0.00
-100.00%
19.70
0.00
-100.00%
1.70
Earnings Losses From Equity Investments
—
—
—
—
Issuance Of Capital Stock
0.00
-100.00%
19.70
0.00
-100.00%
1.70
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category