DHI
D. R. Horton
$148.94
▲ 2.0%Updated Aug 7, 11:30 AM ET
DHI at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 47/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 30.1% over the last 12 months
Market Cap
$44.97B
P/E
13.21x
Forward P/E (est.)
16.35x
ROE
13.2%
Revenue Growth
-5.6%
EPS Growth
-19.2%
Profit Margin
9.5%
FCF Yield
9.1%
Debt / Equity
0.25x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
1.2%
Implied Growth (rev. DCF)
1.6%
Rating Score
47/100
D. R. Horton (DHI) is a large-cap company in the Homebuilding industry, part of the Consumer Discretionary sector of the S&P 500, with a market value around $44.97B.
In its latest reported year it generated about $34.25B in revenue and $3.59B in net profit.
Our model rates DHI Neutral (47/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what DHI's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. DHI trades near $148.94, below its 50-day average ($150.81) and 200-day average ($151.88). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 56 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. DHI's is $5.50 (~3.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month DHI found buyers near $143.63 (support) and sellers near $170.79 (resistance); its 52-week range is $129.11–$184.55. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
5.4%
Revenue moved from $12.16B in 2016 to $34.25B in 2025, a 12.2% compound annual growth rate. The most recent year declined 5.6% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
23.1%
Operating Margin
12.7%
Net Margin
10.5%
ROE
13.2%
D. R. Horton keeps about 9.5% of each sales dollar as net profit, with a 23.1% gross margin and 12.7% operating margin. Return on equity is 13.2%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
0.25x
Leverage: debt-to-equity is 0.2x. That is a conservative balance sheet — a cushion in downturns.
Operating CF
$3.42B
Free Cash Flow
$3.28B
FCF Margin
9.6%
In the latest year D. R. Horton produced about $3.42B of operating cash flow and $3.28B of free cash flow after capital spending. That is a free-cash-flow yield of about 9.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
1.2%
Per share (latest FY)
$1.60
Total paid (latest FY)
$494.80M
History on record
10 years
dividend uses 15% of free cash flow
14% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
13.21x
P/S
1.28x
P/B
1.97x
EV / EBITDA
—
DHI trades at 13.2x trailing earnings (about 16.3x on estimated forward earnings), 1.3x sales, and 2.0x book value. Reverse-engineering today's price implies the market expects roughly 1.6% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$118.82
Current price
$148.94
Starting FCF (latest 10-K)
$3.28B
Growth, years 1–5
-5.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where DHI sits versus its Consumer Discretionary sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 85 Consumer Discretionary companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How DHI stacks up against its Consumer Discretionary peers — valuation, profitability, and growth versus the sector median.
In the Consumer Discretionary sector (158 S&P 500 companies), DHI ranks #51 of 158 by our overall rating. It trades at a discount versus the sector on earnings (13.2x P/E vs. 25.8x median) with a lower return on equity (13.2% vs. 26.2%) and slower revenue growth (-5.6% vs. 6.8%).
P/E vs sector
13.2x
median 25.8x
ROE vs sector
13.2%
median 26.2%
Growth vs sector
-5.6%
median 6.8%
Sector rank
#51
of 158 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Consumer Discretionary companies by sub-industry and size. Sector median is across all 158 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $148.94 today · expected CAGR -7% – 3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $35.28B | $36.34B | $37.43B | $38.55B | $39.71B |
| Net income | $3.53B | $3.63B | $3.74B | $3.85B | $3.97B |
| EPS | $11.68 | $12.04 | $12.40 | $12.77 | $13.15 |
| Share price (low) | $93.48 | $96.28 | $99.17 | $102.15 | $105.21 |
| Share price (high) | $151.90 | $156.46 | $161.15 | $165.99 | $170.97 |
| CAGR (low–high) | -37% / 2% | -20% / 2% | -13% / 3% | -9% / 3% | -7% / 3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for DHI:
- Healthy free-cash-flow yield (~9.1%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.2x) lowers risk.
The case against DHI:
- Revenue growth is slow/negative (-5.6%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Growth risk — sluggish revenue (-5.6%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: D. R. Horton is a large-cap consumer discretionary business with shrinking revenue, with modest profitability, and a sound balance sheet. It trades at 13.2x earnings, which our model scores Neutral (47/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 26 Wall Street analysts covering DHI recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+5 pts of buy ratings).
Latest SEC Filings
DHI's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
DHI — frequently asked questions
Is DHI a good stock to buy?
We don't give buy or sell advice. Our model rates D. R. Horton Neutral (47/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is DHI's rating on The Stocks School?
D. R. Horton currently scores 47/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does DHI's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from D. R. Horton's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for DHI calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this DHI analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell DHI. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.