Barrons·Jun 26, 2026
Home Builder Stocks Are Showing Newfound Strength. Why a 30% Gain Is Possible.Technical analysis indicates a home builder ETF could climb nearly 30% by the end of the year.
D.R. Horton, Inc.(DHI)Earnings, Financials & Key Ratios
DHI•NYSE
$156.88
13.6× P/E·Price updated Jul 6, 2026
AboutD.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 31 states and 98 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes. It also 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; owns non-residential real estate, including ranch land and improvements; and owns and operates energy related assets. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.Show more
- Revenue$34.25B-6.9%
- EBITDA$4.53B-27.0%
- Net Income$3.59B-24.6%
- EPS (Diluted)11.57-19.3%
- Gross Margin23.7%-8.5%
- EBITDA Margin13.21%-21.6%
- Operating Margin12.92%-22.2%
- Net Margin10.47%-19.0%
- ROE14.18%-27.0%
DHI Price & Volume
D.R. Horton, Inc. (DHI) stock price & volume — 10-year historical chart
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Cyclical Margin Compression Challenges Volume Growth Strategy
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclical housing demand volatility
Key Thesis Takeaways
- D.R.
- Horton faces a challenging transition as revenue growth has turned negative, contracting 2.3% year-over-year in 2026Q2, while aggressive buyer incentives have compressed gross margins to 22.5%.
- Despite these headwinds, the company maintains a fortress balance sheet with a conservative 0.27 debt-to-equity ratio, providing a buffer against ongoing housing market volatility.
- Investors should monitor whether the current reliance on capital-intensive inventory production can sustain long-term profitability as operating margins have fallen to 10.6%.
Verdict Logic
while the company maintains a strong balance sheet with $1.9 billion in cash, the negative operating cash flow to net income ratio of -0.64 in 2026Q2 suggests that current earnings quality is insufficient to support aggressive capital returns.
DHI Growth Metrics
D.R. Horton, Inc. (DHI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.21%
5 Years11.02%
3 Years0.76%
TTM-5.57%
Profit CAGR
10 Years16.92%
5 Years8.6%
3 Years-15.09%
TTM-26.09%
EPS CAGR
10 Years19.01%
5 Years12.54%
3 Years-11.18%
TTM-19.23%
Return on Capital
10 Years18.82%
5 Years22.19%
3 Years17.77%
Last Year13.09%
DHI Recent Earnings
D.R. Horton, Inc. (DHI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$2.24+4.2%
$2.15
Rev
$7.6B+0.1%
$7.5B
Q1 2026
Jan 20, 2026Metric
Actual
Est
EPS
$2.03+5.2%
$1.93
Rev
$6.9B+4.6%
$6.6B
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$3.04-7.0%
$3.27
Rev
$9.7B+2.8%
$9.4B
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$3.36+14.3%
$2.94
Rev
$9.2B+5.1%
$8.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $2.24vs $2.15+4.2% | $7.6Bvs $7.5B+0.1% |
| Q1 2026 | Jan 20, 2026 | $2.03vs $1.93+5.2% | $6.9Bvs $6.6B+4.6% |
| Q4 2025 | Oct 28, 2025 | $3.04vs $3.27-7.0% | $9.7Bvs $9.4B+2.8% |
| Q3 2025 | Jul 22, 2025 | $3.36vs $2.94+14.3% | $9.2Bvs $8.8B+5.1% |
Based on last 12 quarters of dataView full earnings history →
Latest DHI News
Recent stock market news and headlines for D.R. Horton, Inc. (DHI)
Seeking Alpha·Jun 19, 2026
DHI Group: Strong Cash Flows And A Solid Balance SheetDHI Group is rated a buy, driven by its defensible MOAT in security-cleared tech talent and strong earnings growth. CJ, DHI's high-margin platform for cleared professionals, is becoming the primary earnings driver, offsetting Dice's cyclical weakness. Recent acquisition of PSG expands DHI into end-to-end staffing, enabling higher ARPU and diversified revenue streams.
Zacks Investment Research·Jun 17, 2026
D.R. Horton (DHI) Registers a Bigger Fall Than the Market: Important Facts to NoteD.R. Horton (DHI) reached $152.48 at the closing of the latest trading day, reflecting a -2.46% change compared to its last close.
Barrons·Jun 16, 2026
Home Construction Drops to Slowest Pace Since 2020. Why Builder Stocks Are Shrugging It Off.Investors are watching the 10-year Treasury yield as a better indicator of the where the housing market is headed.
Peers Comparison
Key metrics vs top competitors for D.R. Horton, Inc. (DHI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $156.88 | $45.45B | 13.56 | -6.93% | 10.47% | 14.18% | 1.02% | |
| $87.65 | $21.76B | 10.98 | -3.54% | 5.39% | 7.98% | — | |
| $131.38 | $25.24B | 11.81 | -3.54% | 12.14% | 15.92% | — | |
| $6693.66 | $18.07B | 15.33 | -2.08% | 12.77% | 32.66% | — | |
| $155.13 | $14.69B | 11.50 | 1.11% | 11.66% | 15.47% | — | |
| $152.37 | $3.93B | 10.34 | -1.93% | 8.24% | 11.42% | — |
Compare DHI vs Peers
D.R. Horton, Inc. (DHI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DHI SEC Filings & Documents
D.R. Horton, Inc. (DHI) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 21, 2026·SEC
Material company update
Mar 31, 2026·SEC
Material company update
Jan 20, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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DHI Frequently Asked Questions
D.R. Horton, Inc. (DHI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is D.R. Horton, Inc.'s revenue?
D.R. Horton, Inc. (DHI) reported $33.35B in revenue for fiscal year 2025. This represents a 5993% increase from $547.3M in 1996.
How fast is D.R. Horton, Inc. growing?
D.R. Horton, Inc. (DHI) saw revenue decline by 6.9% over the past year.
Is DHI profitable?
Yes, D.R. Horton, Inc. (DHI) is profitable, generating $3.17B in net income for fiscal year 2025 (10.5% net margin).
Dividend & Returns
Does DHI pay dividends?
Yes, D.R. Horton, Inc. (DHI) pays a dividend with a yield of 1.02%. This makes it attractive for income-focused investors.
What is DHI's return on equity?
D.R. Horton, Inc. (DHI) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.
What is D.R. Horton, Inc.'s free cash flow?
D.R. Horton, Inc. (DHI) generated $3.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.