Stocks · Consumer Cyclical · Residential Construction
D.R. Horton, Inc. DHI
$135.00 -1.50% Close, Oct 2, 2026 · NYSE · Market cap $37.76B
Low risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 12.9× trailing earnings, higher than 86% of the company's own readings over the past five years.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Diluted EPS over the last four quarters was $10.49, down 15.9% year over year.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth40Weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 20%
- EPS growth (TTM, YoY)Bottom 35%
- FCF growth (TTM, YoY)Top 47%
- Revenue growth, 3-year CAGRBottom 45%
- Revenue growth accelerationTop 22%
Quality45Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 38%
- Gross marginBottom 25%
- Operating marginTop 30%
- Cash conversion (OCF / net income)Bottom 17%
- Accruals (lower is better)Bottom 15%
- Net debt / EBITDA (lower is better)Top 30%
- Interest coverTop 12%
Value64Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 18%
- Free-cash-flow yieldTop 31%
- EBITDA / enterprise valueTop 35%
- Sales / enterprise valueBottom 48%
- P/E vs own 5-year history (lower is better)Bottom 18%
Momentum35Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 31%
- 6-month returnBottom 43%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highTop 42%
- Trend checklist (0–4)Bottom 18%
Revisions32Weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 33%
- Consecutive EPS beatsTop 38%
- Share of analysts rating BuyBottom 42%
- Upside to consensus price targetBottom 28%
Stability87Strong
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 25%
- Maximum drawdown, 3 yearsTop 27%
- Beta vs S&P 500 (lower is better)Top 18%
- Net debt / EBITDA (lower is better)Top 30%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -5.6% | -3.5% | ↑ |
| EPS growth (YoY) | -19.2% | -15.9% | ↑ |
| Gross margin | 24.8% | 22.6% | ↓ |
| Operating margin | 14.3% | 11.6% | ↓ |
| FCF margin | 8.1% | 9.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -3.5% | -5.6% | ↑ | Bottom 20% |
| EPS growth (TTM, YoY) | -15.9% | -19.2% | ↑ | Bottom 35% |
| Gross margin | 22.6% | 24.8% | ↓ | Bottom 25% |
| Operating margin | 11.6% | 14.3% | ↓ | Top 30% |
| Net margin | 9.2% | 11.5% | ↓ | — |
| Free-cash-flow margin | 9.9% | 8.1% | ↑ | — |
| Return on invested capital | 8.5% | — | Top 38% | |
| Revenue growth, 3-year CAGR | 0.8% | — | Bottom 45% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.10×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +4.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.24×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 42.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.34%
- Net buyback yield (TTM)
- 7.76%
- Shareholder yield
- 9.10%
- Share count change, 1 year
- -3.0%
- Share count change, 3-year CAGR
- -5.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +2.1%
- Average 2-day reaction, last 8
- +1.3%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $158.14
- Target vs current price
- +17.1%
- Analysts with a rating
- 53
- Share rating Buy or Strong Buy
- 47%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 21, 2026 | +6.0% | -0.9% | +2.0% | +2.5% | — |
| Apr 21, 2026 | +4.2% | +5.8% | +3.9% | -10.3% | +0.7% |
| Jan 20, 2026 | +5.2% | -1.8% | -3.8% | +6.6% | -7.5% |
| Oct 28, 2025 | -7.0% | -3.2% | -8.7% | -8.0% | -5.3% |
| Jul 22, 2025 | +14.3% | +17.0% | +11.4% | +25.9% | +19.4% |
| Apr 17, 2025 | -1.5% | +3.2% | +7.2% | +5.0% | +10.4% |
| Jan 21, 2025 | +10.1% | -2.7% | -0.3% | -12.1% | -18.9% |
| Oct 29, 2024 | -6.0% | -7.2% | -5.3% | -4.1% | -18.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 21, 2026 | $3.20 | $3.02 | +6.0% | $9.23B |
| Apr 21, 2026 | $2.24 | $2.15 | +4.2% | $7.56B |
| Jan 20, 2026 | $2.03 | $1.93 | +5.2% | $6.89B |
| Oct 28, 2025 | $3.04 | $3.27 | -7.0% | $9.68B |
| Jul 22, 2025 | $3.36 | $2.94 | +14.3% | $9.23B |
| Apr 17, 2025 | $2.58 | $2.62 | -1.5% | $7.73B |
| Jan 21, 2025 | $2.61 | $2.37 | +10.1% | $7.61B |
| Oct 29, 2024 | $3.92 | $4.17 | -6.0% | $10.00B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 12.9× | 9.4× | 86th | Top 18% |
| P/E (forward) | 12.9× | — | — | — |
| EV / EBITDA | 10.4× | — | — | Top 35% |
| EV / Sales | 1.29× | — | — | Bottom 48% |
| Free-cash-flow yield | 8.76% | — | — | Top 31% |
| Earnings yield | 7.77% | — | — | Top 18% |
P/E over the past five years
Range 4.9× – 15.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -21.7%
- Earnings per share growth (TTM)
- -15.9%
- Change in P/E multiple
- +14.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.8%
- 200-day average slope (20 days)
- -0.9%
- Distance from 50-day average
- -6.3%
- Distance from 200-day average
- -9.1%
- RSI (14)
- 39.1
- Relative volume
- 0.96×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 32.2%
- Volatility vs own 5-year history
- 38th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.64
- Correlation with S&P 500
- 0.30
- Current drawdown from 1-year high
- -22.8%
- Maximum drawdown, 3 years
- -41.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 10, 2021 | Jun 17, 2022 | -44.8% | 130 days | 216 days (Apr 28, 2023) |
| Sep 19, 2024 | Apr 8, 2025 | -41.6% | 137 days | Not yet recovered |
| Jul 25, 2023 | Oct 20, 2023 | -23.2% | 62 days | 32 days (Dec 6, 2023) |
| May 10, 2021 | Oct 5, 2021 | -20.6% | 103 days | 43 days (Dec 6, 2021) |
| Mar 28, 2024 | Jul 2, 2024 | -17.8% | 65 days | 11 days (Jul 18, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $37.76B
- P/E (TTM)
- 12.9
- EPS, diluted (TTM)
- $10.49
- Revenue (TTM)
- $33.35B
- Dividend yield
- 1.33%
- 52-week range
- $131.75 – $176.22
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $27.77B | $33.48B | $35.46B | $36.80B | $34.25B |
| Gross profit | $7.88B | $10.50B | $9.35B | $9.54B | $8.12B |
| Operating income | $5.39B | $7.71B | $6.24B | $6.11B | $4.42B |
| Net income | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B |
| EPS (diluted) | $11.42 | $16.51 | $13.82 | $14.34 | $11.57 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.00B | $7.61B | $7.73B | $9.23B | $9.68B | $6.89B | $7.56B | $9.23B |
| Net income | $1.28B | $844.9M | $810.4M | $1.02B | $905.3M | $594.8M | $647.9M | $904.9M |
| EPS (diluted) | $3.92 | $2.61 | $2.58 | $3.36 | $3.04 | $2.03 | $2.24 | $3.18 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $534.4M | $561.8M | $4.30B | $2.19B | $3.42B |
| Capital expenditure | -$267.4M | -$148.2M | -$148.6M | -$165.3M | -$137.4M |
| Free cash flow | $267.0M | $413.6M | $4.16B | $2.02B | $3.28B |
| Dividends paid | -$289.3M | -$316.5M | -$341.2M | -$395.2M | -$494.8M |
| Net share buybacks | -$893.4M | -$1.19B | -$1.23B | -$1.75B | -$4.28B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.08B
- Total assets
- $36.51B
- Total liabilities
- $12.10B
- Total debt
- $7.18B
- Net debt
- $5.10B
- Shareholders’ equity
- $23.82B
As of Jun 30, 2026 (filed Jul 23, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 6, 2026 | $0.45 | Aug 13, 2026 |
| May 7, 2026 | $0.45 | May 14, 2026 |
| Feb 5, 2026 | $0.45 | Feb 12, 2026 |
| Nov 13, 2025 | $0.45 | Nov 20, 2025 |
| Aug 7, 2025 | $0.40 | Aug 14, 2025 |
| May 2, 2025 | $0.40 | May 9, 2025 |
| Feb 7, 2025 | $0.40 | Feb 14, 2025 |
| Nov 12, 2024 | $0.40 | Nov 19, 2024 |
Short interest
- Shares sold short
- 9,903,227
- Days to cover
- 4.37
- Change vs previous report
- -1.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 17, 2005
- 4-for-3
- Jan 13, 2004
- 3-for-2
- Apr 10, 2002
- 3-for-2
- Mar 7, 2001
- 111-for-100
- Sep 14, 2000
- 109-for-100