D.R. Horton is the largest homebuilder in the United States with operations in 126 markets across 36 states.
It is a $37.7B industrial company. Revenue shrank 3.5% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~1.0 years of free cash flow. It trades at 12.4× earnings — in the most expensive third of its own history.
- Website
- drhorton.com
- Location
- Arlington, TX
- Employees
- 14 341
- Sector
- Industrials
- Founded
- 1978
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, health and quality; Growth and Profitability lag behind.
Valuation75
- P/E vs own history79th pct · 5/25
- FCF yield8.5% · 25/25
- P/S1.1x · 25/25
- EV/EBITDA10.2x · 20/25
Growth37
- Revenue CAGR5.4% · 12/25
- Net income CAGR-3.7% · 0/25
- EPS CAGR ~5Y12.5% · 20/25
- Fwd implied growth0.7% · 5/25
Profitability49
- ROIC13.1% · 12/25
- ROE12.8% · 12/25
- Net margin9.2% · 13/25
- Operating margin12.3% · 12/25
Health95
- Altman Z5.06 · 25/25
- Current ratio4.30 · 25/25
- Interest coverage140.4x · 25/25
- Net cash / debtD/A 9% · 20/25
Quality85
- Piotroski F4/9 · 10/25
- Beneish M-2.51 · 25/25
- FCF conversion105% · 25/25
- Margin stabilityσ 3.5% · 25/25
Moat74
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin25.1% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 9.1% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2022FinancialBest year on record$5.86B net income
- FY2018FinancialRevenue crossed $1B$16.1B for the year
- FY2018FinancialRevenue crossed $10B$16.1B for the year
- 2018AcquisitionThe company acquired Terramor Homes, Classic Builders, and Westport Homes
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2016AcquisitionThe company acquired Wilson Parker Homes for $90 million
- 2015AcquisitionThe company acquired Pacific Ridge Homes, based in Seattle, for $72 million
- 2002AcquisitionThe company acquired Schuler Homes
- 2001AcquisitionThe company acquired Emerald Builders and Fortress Homes and Communities of Florida
- 1999AcquisitionThe company acquired Century Title Agency
- 1997AcquisitionThe company acquired Continental Homes for $305 million and the assumption of $278 million in debt
- 1978FoundedThe company was founded in 1978 by Donald R
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Could repay net debt from ~1.6 years of free cash flow
- Interest covered 140.4× by operating earnings
- Altman Z-Score 5.06 — low bankruptcy-risk zone
Watch-outs
- Revenue shrinking 3.5% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-3.5% YoY
- Profitable — makes more than it spends$3.05B TTM
- Profit growing — earnings are higher than last year-11.2% YoY
- Generates cash — cash left after running and investing$3.20B TTM
- Debt under control — could handle its obligations~1.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$37.7B market cap
- Not printing shares — share count not ballooning — you keep your slice-16.3% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 5.1 — safe
- Pays a dividend — returns cash to shareholdersyield 1.34%
- Valuation not extreme — price not wildly above earningsP/E 12.4
Peer comparisonD.R. Horton Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| DHI this company | $37.7B | 12.4 | -3.5% | 9.2% | Strong |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: DHI vs LRCX · DHI vs CAT · DHI vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/DHI
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of DHI on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $134.88 · market cap $37.7B.