D.R. Horton builds and sells single-family homes across 36 U.S. states, targeting entry-level, move-up, luxury, and active adult buyers. It generates revenue primarily through home sales, supplemented by in-house mortgage lending and title services offered to its own buyers. The company also controls Forestar Group, a publicly traded lot developer that supplies residential land.
Employees14,341IPOJun 12, 1992SIC1522HQ1341 Horton Circle, Arlington, TX, USA, 76011
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
22.6%
Operating Margin
11.4%
EBITDA Margin
11.8%
Net Margin
9.2%
OCF Margin
10.1%
FCF Margin
9.6%
Returns on Capital
ROE
12.8%
ROA
8.6%
ROIC
9.2%
ROCE
11.6%
ROC (Greenblatt)
12.9%
3Y ROIIC
−51.9%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
13.26
Forward P/E
11.80
P/E ex-NRI
13.26
Shiller P/E (CAPE)
13.01
Cash Flow Multiples
P/FCF
12.85
P/OCF
12.30
P/Owner Earnings
13.60
FCF Yield
8.21%
Enterprise Value Multiples
EV / EBIT
12.10
EV / Forward EBIT
10.68
EV / EBITDA
11.74
EV / Forward EBITDA
10.33
EV / Revenue
1.38
EV / Forward Revenue
1.38
Asset / Sales
P/S
1.20
P/B
1.64
P/Tangible Book
1.66
Growth-Adjusted
PEG
1.29
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.28%
Forward Dividend Yield
1.32%
3Y Dividend Growth
21.1%
Payout Ratio
0.17
5Y Yield on Cost
2.64%
Buybacks & Dilution
3Y Buyback Ratio
5.00%
5Y Share Change
−16.2%
Combined
Shareholder Yield
8.35%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.30
Gross Debt / EBITDA
1.83
Cash / Debt
0.29
Equity / Assets
0.65
Coverage
Interest Coverage
—
Short-Term Liquidity
Current Ratio
9.84
Quick Ratio
2.37
Cash Ratio
0.58
Composite Scores
Piotroski F-Score
5
Altman Z-Score
5.67
Split History
Date
Split
2005-03-17
1.3333:1
2004-01-13
1.5:1
2002-04-10
1.5:1
2001-03-07
1.11:1
2000-09-14
1.09:1
1996-05-06
1.08:1
1995-09-18
1.4:1
1995-05-24
1.09:1
1994-05-24
1.06:1
1993-08-25
1.05:1
Ex-date
Amount
Pay date
2026-08-06
$0.45
2026-08-13
2026-05-07
$0.45
2026-05-14
2026-02-05
$0.45
2026-02-12
2025-11-13
$0.45
2025-11-20
2025-08-07
$0.4
2025-08-14
2025-05-02
$0.4
2025-05-09
2025-02-07
$0.4
2025-02-14
2024-11-12
$0.4
2024-11-19
2024-08-01
$0.3
2024-08-08
2024-05-01
$0.3
2024-05-09
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View allDate
Transcript
Type
2026-07-21
Q3 2026 D.R. Horton Inc Earnings Call Transcript
Earnings Call
2026-04-21
Q2 2026 DR Horton Inc Earnings Call Transcript
Earnings Call
2026-01-20
Q1 2026 DR Horton Inc Earnings Call Transcript
Earnings Call
2025-10-28
Q4 2025 DR Horton Inc Earnings Call Transcript
Earnings Call
2025-07-22
Q3 2025 DR Horton Inc Earnings Call Transcript
Earnings Call
2025-04-17
Q2 2025 DR Horton Inc Earnings Call Transcript
Earnings Call
2025-01-21
Q1 2025 DR Horton Inc Earnings Call Transcript
Earnings Call
2024-10-29
Q4 2024 DR Horton Inc Earnings Call Transcript
Earnings Call
2024-07-18
Q3 2024 DR Horton Inc Earnings Call Transcript
Earnings Call
2024-04-18
Q2 2024 DR Horton Inc Earnings Call Transcript
Earnings Call
10 of 40
5-Step DuPont Analysis
ROE %
12.75%
×
×
Net Margin %
9.15%
×
×
Operating Margin %
11.42%
Operating Income
$3.81B
÷
Revenue
$33.35B
×
Tax Burden
0.7452
Net Income
$3.05B
÷
Pretax Income
$4.10B
×
Interest Burden
1.0753
Pretax Income
$4.10B
÷
Operating Income
$3.81B
×
Asset Turnover
0.91
÷
Revenue
$33.35B
÷
Average Total Assets
$36.45B
Begin Total Assets
$36.40B
End Total Assets
$36.51B
×
Equity Multiplier
1.52
÷
Avg Total Assets
$36.45B
÷
Avg Stockholders Equity
$23.94B
Begin Equity
$24.05B
End Equity
$23.82B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| Capital World Investors | 37.3M | 12.87% | +344.7K | $6.07B |
| BlackRock, Inc. | 25.0M | 8.62% | -2.9M | $4.07B |
| VANGUARD CAPITAL MANAGEMENT LLC | 16.9M | 5.85% | -283.9K | $2.76B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 12.4M | 4.28% | -166.2K | $2.02B |
| STATE STREET CORP | 12.1M | 4.17% | +218.1K | $1.97B |
| FMR LLC | 9.4M | 3.26% | -323.1K | $1.54B |
| GEODE CAPITAL MANAGEMENT, LLC | 7.2M | 2.49% | -50.8K | $1.17B |
| Capital Research Global Investors | 5.7M | 1.96% | +1.0M | $926.25M |
| MORGAN STANLEY | 3.7M | 1.28% | -147.8K | $602.01M |
| GOLDMAN SACHS GROUP INC | 3.6M | 1.23% | +28.7K | $578.98M |
10 of 1,250
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Auld David VOfficer | 1.0M | 0.3602% | $145.46M |
| WHEAT BILL WOfficer | 336.5K | 0.1162% | $46.91M |
| Romanowski Paul JOfficer | 200.1K | 0.0691% | $27.89M |
| Murray Michael JOfficer | 156.3K | 0.0540% | $21.79M |
| ANDERSON BRADLEY SDirector | 36.8K | 0.0127% | $5.13M |
| Miller Maribess LDirector | 22.3K | 0.0077% | $3.11M |
| CARSON BENJAMIN SRDirector | 9.8K | 0.0034% | $1.36M |
| Odom Aron M.Officer | 8.0K | 0.0028% | $1.12M |
| BUCHANAN MICHAEL RDirector | 1.5K | 0.0005% | $206.6K |
| CROW M CHADDirector | 951 | 0.0003% | $132.6K |
10 of 13
View allRecent insider activity
through Sep 8, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Murray Michael JOfficer | Gift | -5.0K | $0 | Sep 8, 2026 |
| Smith BarbaraDirector | Option Exercise (Rule 16b-3 Exempt) | +264 | — | Aug 26, 2026 |
| CROWLEY ELAINE DDirector | Option Exercise (Rule 16b-3 Exempt) | +264 | — | Aug 26, 2026 |
| CROW M CHADDirector | Option Exercise (Rule 16b-3 Exempt) | +264 | — | Aug 26, 2026 |
| WHEAT BILL WOfficer | Grant/Award (Rule 16b-3(d)) | +5.1K | $0 | Apr 22, 2026 |
| WHEAT BILL WOfficer | Tax Withholding | -3.9K | $638.8K | Apr 22, 2026 |
| Murray Michael JOfficer | Grant/Award (Rule 16b-3(d)) | +6.4K | $0 | Apr 22, 2026 |
| Murray Michael JOfficer | Tax Withholding | -5.0K | $813.4K | Apr 22, 2026 |
| Romanowski Paul JOfficer | Grant/Award (Rule 16b-3(d)) | +7.7K | $0 | Apr 22, 2026 |
| Romanowski Paul JOfficer | Tax Withholding | -6.0K | $981.6K | Apr 22, 2026 |
10 of 1,416
View all