Tearsheet

D.R. Horton (DHI)

Market Price (9/14/2025): $178.24 | Market Cap: $54.2 Bil
Sector: Consumer Discretionary | Industry: Homebuilding

D.R. Horton (DHI)

Market Price (9/14/2025): $178.24
Market Cap: $54.2 Bil
Sector: Consumer Discretionary
Industry: Homebuilding

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%, FCF Yield is 5.1%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.3%, Rev Chg QQuarterly Revenue Change % is -7.4%
1	Attractive cash flow generation CFO LTM is 2.9 Bil, FCF LTM is 2.8 Bil
2	Low stock price volatility Vol 12M is 37%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%, FCF Yield is 5.1%
1	Attractive cash flow generation CFO LTM is 2.9 Bil, FCF LTM is 2.8 Bil
2	Low stock price volatility Vol 12M is 37%
3	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.3%, Rev Chg QQuarterly Revenue Change % is -7.4%

Market Valuation

	9/14/25	2024	2023	2022	2021
Share Price CYE	$178.24	$138.60	$149.43	$86.84	$104.41
Market Cap CYE ($ Bil)	54.2	44.6	49.8	29.9	37.2
Total Debt ($ Bil)	7.3	6.0	5.1	6.1	5.4
Total Cash ($ Bil)	2.6	4.5	3.9	2.5	3.2
Enterprise Value ($ Bil)	58.9	50.6	54.9	36.0	42.6
Valuation Ratios
P/S TTM	1.6	1.2	1.5	0.9	1.4
P/EBIT TTM	11.1	7.8	8.5	4.1	7.4
P/E TTM	13.7	9.7	10.9	5.3	9.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.3	6.9	7.0	5.5	7.4
P/E TTM (Sector)	9.6	8.1	8.9	7.3	9.2

	9/14/25	2024	2023
Share Price CYE	$178.24	$138.60	$149.43
Market Cap CYE ($ Bil)	54.2	44.6	49.8
Total Debt ($ Bil)	7.3	6.0	5.1
Total Cash ($ Bil)	2.6	4.5	3.9
Enterprise Value ($ Bil)	58.9	50.6	54.9
Valuation Ratios
P/S TTM	1.6	1.2	1.5
P/EBIT TTM	11.1	7.8	8.5
P/E TTM	13.7	9.7	10.9
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.3	6.9	7.0
P/E TTM (Sector)	9.6	8.1	8.9

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DHI Return	32%	59%	-17%	72%	-7%	28%	258%
Peers Return	18%	46%	-21%	73%	13%	11%	197%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: LEN, PHM, NVR, J, TOL. See DHI Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	D.R. Horton Earnings Notes
2	With DHI Up 20% in a Month, Is It Time to Compare It Against PHM?	Counter-Intuitive Comparisons
3	Day 7 of Gains Streak for D.R. Horton Stock with 9.9% Return (vs. 33% YTD) [9/8/2025]	Notification
4	DHI Shares Rally 18% In A Month: How Does the Competition Measure Up?
5	Day 6 of Gains Streak for D.R. Horton Stock with 7.6% Return (vs. 31% YTD) [9/6/2025]	Notification
6	Day 6 of Gains Streak for D.R. Horton Stock with 7.6% Return (vs. 31% YTD) [9/5/2025]	Notification
7	Day 6 of Gains Streak for D.R. Horton Stock with 8.5% Return (vs. 31% YTD) [9/5/2025]	Notification
8	Day 5 of Gains Streak for D.R. Horton Stock with 5.5% Return (vs. 27% YTD) [9/4/2025]	Notification
9	Day 5 of Gains Streak for D.R. Horton Stock with 5.5% Return (vs. 27% YTD) [9/4/2025]	Notification
10	Should You Buy D.R. Horton Stock?	Buy or Fear
11	ARTICLES
12	DHI’s One-Month Rally Offers a Chance to Reevaluate PHM		September 9th, 2025
13	DHI Stock Up 9.9% after 7-Day Win Streak		September 9th, 2025
14	DHI Leaps 18% In One Month: Does It Lead the Pack?		September 6th, 2025
15	DHI Stock Up 7.6% after 6-Day Win Streak		September 6th, 2025
16	DHI Leaps 18% In One Month: Does It Lead the Pack?		September 6th, 2025

	Title
0	DASHBOARDS
1	DHI’s One-Month Rally Offers a Chance to Reevaluate PHM
2	DHI Stock Up 9.9% after 7-Day Win Streak
3	DHI Leaps 18% In One Month: Does It Lead the Pack?
4	DHI Stock Up 7.6% after 6-Day Win Streak
5	DHI Leaps 18% In One Month: Does It Lead the Pack?
6	ARTICLES
7	D.R. Horton Earnings Notes
8	With DHI Up 20% in a Month, Is It Time to Compare It Against PHM?
9	Day 7 of Gains Streak for D.R. Horton Stock with 9.9% Return (vs. 33% YTD) [9/8/2025]
10	DHI Shares Rally 18% In A Month: How Does the Competition Measure Up?
11	Day 6 of Gains Streak for D.R. Horton Stock with 7.6% Return (vs. 31% YTD) [9/6/2025]
12	Day 6 of Gains Streak for D.R. Horton Stock with 7.6% Return (vs. 31% YTD) [9/5/2025]
13	Day 6 of Gains Streak for D.R. Horton Stock with 8.5% Return (vs. 31% YTD) [9/5/2025]
14	Day 5 of Gains Streak for D.R. Horton Stock with 5.5% Return (vs. 27% YTD) [9/4/2025]
15	Day 5 of Gains Streak for D.R. Horton Stock with 5.5% Return (vs. 27% YTD) [9/4/2025]
16	Should You Buy D.R. Horton Stock?

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for D.R. Horton

Financials

	DHI	LEN	PHM	NVR	J	TOL	Median
Name	D.R. Hor.	Lennar	PulteGro.	NVR	Jacobs S.	Toll Bro.
Mkt Price	178.24	137.56	137.36	8,412.46	146.77	143.75	145.26
Mkt Cap	54.2	35.8	27.4	24.5	17.6	14.1	25.9
Rev LTM	34,575	35,372	17,695	10,599	11,835	10,877	14,765
Op Inc LTM	4,892	4,056	3,525	1,865	848	1,768	2,695
FCF LTM	2,785	279	1,318	1,209	412	918	1,064
FCF 3Y Avg	2,707	3,008	1,513	1,486	752	1,201	1,500
CFO LTM	2,911	410	1,445	1,238	500	995	1,117
CFO 3Y Avg	2,856	3,137	1,622	1,513	870	1,274	1,567

Growth & Margins

	DHI	LEN	PHM	NVR	J	TOL	Median
Name	D.R. Hor.	Lennar	PulteGro.	NVR	Jacobs S.	Toll Bro.
Rev Chg LTM	-7.3%	-1.1%	5.0%	6.4%	61.5%	3.3%	4.1%
Rev Chg 3Y Avg	2.9%	5.9%	6.6%	3.1%	1.1%	4.4%	3.7%
Rev Chg Q	-7.4%	-4.4%	-4.3%	-0.5%	5.1%	8.0%	-2.4%
QoQ Delta Rev Chg LTM	-2.1%	-1.1%	-1.1%	-0.1%	1.3%	2.0%	-0.6%
Op Mgn LTM	14.2%	11.5%	19.9%	17.6%	7.2%	16.3%	15.2%
Op Mgn 3Y Avg	16.3%	14.8%	21.0%	18.7%	6.3%	17.5%	16.9%
QoQ Delta Op Mgn LTM	-1.0%	-1.5%	-1.0%	-0.7%	0.5%	-0.4%	-0.8%
CFO/Rev LTM	8.4%	1.2%	8.2%	11.7%	4.2%	9.1%	8.3%
CFO/Rev 3Y Avg	8.1%	9.1%	9.5%	14.9%	9.5%	11.9%	9.5%
FCF/Rev LTM	8.1%	0.8%	7.4%	11.4%	3.5%	8.4%	7.8%
FCF/Rev 3Y Avg	7.7%	8.7%	8.9%	14.6%	8.2%	11.2%	8.8%

Valuation

	DHI	LEN	PHM	NVR	J	TOL	Median
Name	D.R. Hor.	Lennar	PulteGro.	NVR	Jacobs S.	Toll Bro.
Mkt Cap	54.2	35.8	27.4	24.5	17.6	14.1	25.9
P/S	1.6	1.0	1.5	2.3	1.5	1.3	1.5
P/EBIT	11.1	8.8	7.6	12.3	19.7	8.0	10.0
P/E	13.7	11.0	10.0	16.1	35.8	10.3	12.3
P/CFO	18.6	87.4	18.9	19.8	35.2	14.2	19.4
Total Yield	8.2%	10.6%	10.7%	6.2%	3.2%	10.1%	9.1%
Dividend Yield	0.9%	1.5%	0.6%	0.0%	0.4%	0.3%	0.5%
FCF Yield 3Y Avg	6.5%	8.0%	7.7%	6.8%	4.7%	12.1%	7.2%
D/E	0.1	0.1	0.1	0.0	0.2	0.2	0.1
Net D/E	0.1	0.1	0.0	-0.0	0.1	0.2	0.1

Returns

	DHI	LEN	PHM	NVR	J	TOL	Median
Name	D.R. Hor.	Lennar	PulteGro.	NVR	Jacobs S.	Toll Bro.
1M Rtn	7.4%	4.0%	6.5%	2.2%	-0.8%	9.9%	5.3%
3M Rtn	44.9%	26.4%	34.9%	16.5%	16.8%	33.6%	30.0%
6M Rtn	41.1%	16.8%	33.8%	16.3%	22.0%	37.4%	27.9%
12M Rtn	-7.7%	-25.3%	-1.0%	-10.2%	25.0%	-3.4%	-5.6%
3Y Rtn	163.0%	93.4%	262.6%	110.0%	53.2%	245.9%	136.5%
1M Excs Rtn	5.6%	3.1%	3.7%	-0.4%	-5.2%	5.8%	3.4%
3M Excs Rtn	32.3%	13.5%	22.7%	5.0%	6.3%	21.1%	17.3%
6M Excs Rtn	23.5%	-0.7%	17.0%	-1.2%	5.6%	20.7%	11.3%
12M Excs Rtn	-23.9%	-42.8%	-15.7%	-27.5%	5.9%	-16.5%	-20.2%
3Y Excs Rtn	92.1%	17.9%	181.4%	38.1%	-17.0%	169.6%	65.1%

Comparison Analyses

	Title
0	D.R. Horton vs. Lennar: With Return Forecast Of 10%, D.R. Horton Is A Better Bet
1	D.R. Horton vs. NVR: Both Seem Similar Bets
2	PHM Looks Stronger Than DHI With 1.5% Return Potential
3	D.R. Horton vs. Medtronic: With Return Forecast Of 44%, D.R. Horton Is A Better Bet
4	D.R. Horton vs. Raytheon Technologies: With Return Forecast Of 44%, D.R. Horton Is A Better Bet
5	D.R. Horton vs. Linde: With Return Forecast Of 44%-44%, Both Seem Like Good Bets
6	D.R. Horton vs. LIN Media: With Return Forecast Of 42%-45%, Both Seem Like Good Bets
7	D.R. Horton vs. Philip Morris: With Return Forecast Of 45%, D.R. Horton Is A Better Bet
8	D.R. Horton vs. NVIDIA: With Return Forecast Of 81%, NVIDIA Is A Better Bet
9	D.R. Horton vs. PACCAR: With Return Forecast Of 47%, PACCAR Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2024	2023	2022	2021	2020	2019
Period End		9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019
Filing Date		11/19/2024	11/17/2023	11/18/2022	11/18/2021	11/20/2020	11/25/2019
Key Financials
Total Revenue	34,575	36,801	35,460	33,480	27,774	20,311	17,593
Ebitda	4,990	6,023	6,193	7,652	5,401	2,981	2,112
Operating Income	4,892	5,936	6,102	7,570	5,319	2,890	2,040
Net Income	3,963	4,756	4,746	5,858	4,176	2,374	1,618
EPS	12.54	14.44	13.93	16.65	11.56	6.49	4.34
Growth Rates
Total Revenue Growth	-7.3%	3.8%	5.9%	20.5%	36.7%	15.5%	9.5%
EBITDA Growth	-21.6%	-2.7%	-19.1%	41.7%	81.2%	41.2%	2.7%
Operating Income Growth	-22.1%	-2.7%	-19.4%	42.3%	84.0%	41.7%	2.3%
Net Income Growth	-20.5%	0.2%	-19.0%	40.3%	75.9%	46.7%	10.8%
Margins
EBITDA Margin	14.4%	16.4%	17.5%	22.9%	19.4%	14.7%	12.0%
Operating Income Margin	14.2%	16.1%	17.2%	22.6%	19.2%	14.2%	11.6%
Net Income Margin	11.5%	12.9%	13.4%	17.5%	15.0%	11.7%	9.2%
Cash & Debt
Total Cash	2,614	4,516	3,874	2,540	3,210	3,018	1,494
Total Debt	7,302	5,971	5,143	6,115	5,449	4,320	3,399
Net Debt / (Cash)	4,688	1,455	1,269	3,574	2,239	1,302	1,905
Cash Flows
Net Cash from Operations	2,911	2,190	4,304	562	534	1,422	892
Free Cash from Operations	2,785	2,024	4,156	414	267	1,135	668
Returns to Shareholders
Dividends	474	395	341	316	289	256	223
Share Repurchases	4,199	1,871	1,235	1,194	927	399	500

$ Mil \| FY: 9/30	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/23/2025	4/23/2025	1/23/2025	11/19/2024	7/23/2024	4/23/2024	1/24/2024	11/17/2023	7/24/2023	4/24/2023	1/25/2023	11/18/2022
Key Financials Quarterly
Total Revenue	9,226	7,734	7,613	10,003	9,966	9,107	7,726	10,504	9,726	7,973	7,258	9,639
Ebitda	1,290	1,026	1,056	1,618	1,741	1,473	1,191	1,958	1,755	1,230	1,249	2,068
Operating Income	1,265	1,002	1,032	1,594	1,718	1,452	1,171	1,937	1,732	1,203	1,230	2,046
Net Income	1,025	810	845	1,283	1,354	1,172	947	1,510	1,335	942	959	1,632
EPS	3.37	2.59	2.63	3.95	4.12	3.54	2.84	4.49	3.93	2.75	2.79	4.70
Key Financials TTM
Total Revenue TTM	34,575	35,315	36,688	36,802	37,303	37,063	35,928	35,460	34,596	33,658	33,684	33,480
Ebitda TTM	4,990	5,441	5,888	6,023	6,364	6,378	6,135	6,193	6,302	6,736	7,400	7,652
Operating Income TTM	4,892	5,346	5,797	5,936	6,279	6,292	6,043	6,101	6,211	6,647	7,318	7,570
Net Income TTM	3,963	4,292	4,654	4,756	4,983	4,964	4,734	4,746	4,868	5,180	5,675	5,858
Growth Rates Quarterly
Total Revenue Growth	-7.4%	-15.1%	-1.5%	-4.8%	2.5%	14.2%	6.5%	9.0%	10.7%	-0.3%	2.9%	18.9%
EBITDA Growth	-25.9%	-30.4%	-11.3%	-17.4%	-0.8%	19.8%	-4.7%	-5.3%	-19.8%	-35.1%	-16.8%	19.4%
Operating Income Growth	-26.4%	-31.0%	-11.9%	-17.7%	-0.8%	20.7%	-4.7%	-5.3%	-20.1%	-35.8%	-17.0%	19.5%
Net Income Growth	-24.3%	-30.9%	-10.8%	-15.0%	1.4%	24.4%	-1.2%	-7.5%	-19.0%	-34.4%	-16.0%	21.9%
Margins Quarterly
EBITDA Margin	14.0%	13.3%	13.9%	16.2%	17.5%	16.2%	15.4%	18.6%	18.0%	15.4%	17.2%	21.4%
Operating Income Margin	13.7%	12.9%	13.6%	15.9%	17.2%	15.9%	15.2%	18.4%	17.8%	15.1%	16.9%	21.2%
Net Income Margin	11.1%	10.5%	11.1%	12.8%	13.6%	12.9%	12.3%	14.4%	13.7%	11.8%	13.2%	16.9%
Cash & Debt
Total Cash	2,614	2,471	3,050	4,516	2,992	3,063	3,323	3,874	3,379	3,051	2,591	2,540
Total Debt	7,302	6,570	5,150	5,971	5,742	5,985	5,335	5,143	6,151	6,012	5,738	6,115
Net Debt / (Cash)	4,688	4,098	2,100	1,455	2,750	2,922	2,011	1,269	2,772	2,961	3,147	3,574
Cash Flows Quarterly
FCF from Operations	739	-436	647	1,962	698	-317	-153	2,043	788	644	829	1,125
Cash Flows TTM
FCF from Operations TTM	2,911	2,870	2,990	2,190	2,271	2,360	3,322	4,304	3,386	2,870	1,565	562
Returns to Shareholders Quarterly
Dividends	122	126	128	98	98	99	100	84	85	86	86	78
Share Repurchases	1,169	1,388	1,083	558	437	462	414	419	340	332	144	272
Return on Invested Capital (ROIC) Quarterly
ROIC	82.1%	75.0%	150.9%	333.2%	189.9%	154.0%	178.4%	461.5%	189.3%	124.0%	119.4%	182.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	79.7%	99.5%	211.2%	312.1%	174.3%	164.2%	228.2%	365.1%	173.2%	173.5%	179.7%	163.7%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$177.87
Market Cap ($ Bil)	54.1
First Trading Date	06/05/1992
Distance from 52W High	-8.7%
	50 Days	200 Days
DMA Price	$155.34	$137.92
DMA Trend	indeterminate	up
Distance from DMA	14.5%	29.0%
	3M	1YR
Volatility	48.3%	37.4%
Downside Capture	0.09	0.70
Upside Capture	211.18	67.97
Correlation (SPY)	18.4%	26.4%

DHI Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.50	0.67	0.79	0.51	0.50	0.85
Up Beta	2.41	0.31	0.21	0.52	0.52	1.00
Down Beta	-3.79	-3.16	-0.40	0.04	0.06	0.41
Up Capture	208%	317%	236%	114%	57%	111%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	22	35	67	123	396
Down Capture	-65%	72%	11%	71%	92%	97%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	20	28	59	126	354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	10,780,425
Short Interest: % Change Since 8152025	16.1%
Average Daily Volume	3,720,944
Days-to-Cover Short Interest	2.90
Basic Shares Quantity	304,100,000
Short % of Basic Shares	3.5%

Returns Analyses

	Title
0	DHI YTD Stock Return Of -100% Underperforms J by 0% and Underperforms TOL by -147%
1	DHI Rallied 14% In A Month. Have You Fully Evaluated The Risk?
2	DHI YTD Stock Return Of -23% Outperforms TOL by 13% and Underperforms J by -11%
3	D.R. Horton Stock Return Comparison
4	D.R. Horton Total Shareholder Return (TSR): -18.7% in 2022 and 9.7% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/22/2025	17.0%	11.4%	28.4%
4/17/2025	3.2%	7.2%	7.3%
1/21/2025	2.2%	0.2%	-10.2%
10/29/2024	-7.2%	-5.3%	-6.2%
7/18/2024	0.2%	-0.4%	2.8%
4/18/2024	0.1%	0.3%	3.8%
1/23/2024	-2.7%	0.1%	1.6%
11/7/2023	0.5%	6.4%	12.8%
...
SUMMARY STATS
# Positive	15	17	15
# Negative	10	8	10
Median Positive	3.1%	3.7%	6.1%
Median Negative	-2.7%	-0.6%	-4.8%
Max Positive	17.0%	11.4%	29.1%
Max Negative	-7.2%	-5.3%	-10.2%

	Forward Returns
7/22/2025	17.0%	11.4%	28.4%
4/17/2025	3.2%	7.2%	7.3%
1/21/2025	2.2%	0.2%	-10.2%
10/29/2024	-7.2%	-5.3%	-6.2%
7/18/2024	0.2%	-0.4%	2.8%
4/18/2024	0.1%	0.3%	3.8%
1/23/2024	-2.7%	0.1%	1.6%
11/7/2023	0.5%	6.4%	12.8%
7/20/2023	-1.9%	0.6%	-8.7%
4/20/2023	-0.9%	0.7%	2.6%
1/24/2023	-1.6%	1.7%	-4.6%
11/9/2022	11.2%	10.2%	13.5%
7/21/2022	3.8%	6.5%	5.5%
4/26/2022	-2.9%	-0.7%	-4.1%
2/2/2022	-2.9%	-2.3%	-5.7%
11/9/2021	-2.6%	1.6%	9.9%
7/22/2021	4.4%	6.5%	6.1%
4/22/2021	3.5%	6.9%	-4.4%
1/26/2021	-4.0%	-0.5%	-4.0%
11/10/2020	2.8%	3.7%	-1.0%
7/28/2020	3.1%	4.3%	15.0%
4/7/2020	8.5%	3.2%	29.1%
1/27/2020	2.9%	-1.6%	-4.9%
11/12/2019	0.1%	-0.2%	0.5%
7/30/2019	-1.3%	-0.6%	5.7%
SUMMARY STATS
# Positive	15	17	15
# Negative	10	8	10
Median Positive	3.1%	3.7%	6.1%
Median Negative	-2.7%	-0.6%	-4.8%
Max Positive	17.0%	11.4%	29.1%
Max Negative	-7.2%	-5.3%	-10.2%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-Q 12/31/2024
9302024	10-K 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-Q 12/31/2023
9302023	10-K 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-Q 12/31/2022
9302022	10-K 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-Q 12/31/2021
9302021	10-K 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Odom Aron M.	SVP, Controller and PAO	8142025	Sell	166.20	1,233	204,925	1,301,845	Form
1	Allen Barbara K		11212024	Sell	163.10	5,650	921,515		Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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D.R. Horton (DHI)

Market Price (9/14/2025): $178.24 | Market Cap: $54.2 BilSector: Consumer Discretionary | Industry: Homebuilding

D.R. Horton (DHI)

Market Price (9/14/2025): $178.24Market Cap: $54.2 BilSector: Consumer DiscretionaryIndustry: Homebuilding

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Market Price (9/14/2025): $178.24 | Market Cap: $54.2 Bil
Sector: Consumer Discretionary | Industry: Homebuilding

Market Price (9/14/2025): $178.24
Market Cap: $54.2 Bil
Sector: Consumer Discretionary
Industry: Homebuilding