D.R. Horton, Inc.

D.R. Horton, Inc.

DHI.TO
D.R. Horton, Inc.CA flagToronto Stock Exchange
22.81
CAD
-0.15
- -
6.38BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
19.43
23.57
29.55
32.77
37.65
42.67
47.22
55.57
76.92
95.19
104.08
111.69
111.02
115.14
Basic EPS, GAAP
1.44
1.57
2.05
2.39
2.77
3.88
4.34
6.49
11.56
16.65
13.93
14.44
11.62
10.54
Free Cash Flow per Basic Share
-4
-2.24
1.76
1.47
0.9
1.27
2.05
3.63
1.48
1.6
12.63
6.65
11.09
11.57
Dividend per Share
0.19
0.14
0.25
0.32
0.4
0.5
0.6
0.7
0.8
0.9
1
1.2
1.6
1.75
Book Value per Share
12.57
14.03
15.99
18.21
20.66
23.88
27.2
32.53
41.81
56.39
67.78
78.12
82.15
84.85
Tangible Book Value per Share
12.45
13.77
15.75
18
20.45
23.59
26.76
32.03
41.34
55.89
67.26
77.6
81.5
84.14
Basic Weighted Avg Shares
322
340
366
371
374
377
373
366
361
352
341
330
308
290
Sales/Revenue/Turnover
6,259
8,025
10,824
12,157
14,091
16,068
17,593
20,311
27,774
33,480
35,460
36,801
34,250
33,350
Operating Margin (%)
10.22
9.86
10.18
10.98
11.19
12.4
11.59
14.23
19.15
22.61
17.21
16.13
12.92
11.43
Depreciation Expense
23
38
54
61
55
62
72
91
82
81
92
87
101
112
Net Income, GAAP
463
534
751
886
1,038
1,460
1,618
2,374
4,176
5,858
4,746
4,756
3,585
3,053
Effective Tax Rate (%)
29.66
34.48
33.18
34.52
35.19
29.01
23.84
20.2
21.75
22.73
24.06
23.53
23.61
24.45
Profit Margin (%)
7.39
6.65
6.94
7.29
7.37
9.09
9.2
11.69
15.03
17.5
13.38
12.92
10.47
9.15
Working Capital
7,418
8,507
9,490
9,955
10,602
12,464
13,842
16,588
21,394
26,608
29,089
32,709
32,180
31,571
LT Debt
3,509
3,666
3,812
3,271
2,872
3,204
3,399
4,320
5,449
6,115
5,143
5,971
6,031
5,864
Total Equity
4,061
5,120
5,895
6,793
7,748
9,159
10,295
12,122
15,216
19,786
23,138
25,824
24,742
24,406
Return on Invested Capital (%)
6.54
6.3
7.92
8.78
9.83
12.23
11.84
15.23
22.3
24.96
16.96
15.01
10.77
9.03
Return on Capital (%)
6.83
6.52
8.12
8.97
10.04
12.69
12.42
15.71
22.42
24.99
17.34
15.67
11.35
9.49
Return on Common Equity (%)
12.1
11.63
13.64
13.97
14.28
17.46
17.03
21.72
31.25
34.17
22.55
19.81
14.48
12.75

Capital Structure

FRC

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
760
865
1,320
LT Borrowings
4,787
5,699
5,792
LT Finance Leases
69
70
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
290
285
281
Market Capitalization
- -
- -
5,300

Working Capital

FRC

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
33,307
34,251
35,142
Cash, Cash Equivalents & STI
2,506
1,918
2,079
Accounts Receivable, Net
- -
- -
- -
Inventories
25,606
26,304
26,687
Total Current Liabilities
2,636
2,938
3,571
Payables & Accruals
1,794
1,951
2,094
ST Debt
760
865
1,320
Deferred Revenue
82
113
113

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.76%
15.98%
-4.19%
Free Cash Flow
74.02%
123.74%
56.22%
Net Income, GAAP
20.62%
14.56%
-24.62%
Sales/Revenue/Turnover
12.72%
12.01%
-6.93%
Total Cash Common Dividend
18.6%
14.25%
25.2%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,726
9,107
9,966
10,003
36,801
2025
7,613
7,734
9,226
9,678
34,250
2026
6,887
7,558
9,227
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.84
3.54
4.12
3.95
14.44
2025
2.63
2.59
3.37
3.06
11.62
2026
2.03
2.25
3.21
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.3
0.3
0.3
1.2
2025
0.4
0.4
0.4
0.4
1.6
2026
0.45
0.45
0.45
- -
- -

Company Description

CEO
Paul J. Romanowski
Full Time Employees
14,341
Sector
Consumer Cyclical
Industry
Residential Construction
Address
Arlington TX United States of America
IPO Date
May 22, 2026
Business
D.R. Horton, Inc. is a U.S. homebuilding company engaged in the acquisition and development of land and the construction, marketing and sale of residential homes. The Company offers single-family detached homes; attached homes, including townhomes and duplexes; entry-level, move-up, active-adult and luxury-oriented housing; master-planned community homes; and single-family and multifamily rental properties. Its homebuilding portfolio includes homes marketed principally under the D.R. Horton brand, as well as Emerald Homes, Express Homes and Freedom Homes brands. The Company’s homes generally address a range of price points, from approximately $200,000 to more than $1.0 million, and are sold primarily to first-time, move-up, active-adult and other retail homebuyers. D.R. Horton operates through homebuilding, rental, Forestar and financial services activities. Its homebuilding operations encompass land acquisition, entitlement, development, construction and sales across the North, East, Southeast, South Central, Southwest and Northwest regions of the United States. Its rental operations develop, construct, own, lease and sell single-family rental homes and multifamily rental properties. Through DHI Mortgage and related operations, the Company provides mortgage origination and financing; title and closing services; and insurance agency services to homebuyers. It also holds water rights and related water assets, as well as certain non-residential real estate assets, including ranch land and improvements. D.R. Horton is the majority owner of Forestar Group Inc., a publicly traded national residential lot development company that acquires, develops and sells finished residential lots to the Company and other homebuilders. Founded in 1978, D.R. Horton is headquartered in Arlington, Texas. The Company operates in 126 markets across 36 U.S. states. During fiscal 2025, it closed 84,863 homes through its homebuilding operations, 3,460 single-family rental homes and 2,947 multifamily rental units, reflecting its continued expansion across for-sale and rental housing categories. Recent strategic activity includes the fiscal 2025 acquisition of SK Builders for approximately $80 million in cash by its Forestar lot-development business, strengthening lot-development capacity; a November 2025 investment in TidalWave’s $22 million Series A financing; the September 2026 acquisition of 232 residential homesites on approximately 90 acres in the Lucero village within the Estrella master-planned community in Arizona, with sales expected to commence in 2027; and the planned fall 2026 opening of the Cannon Ridge residential community in Dundas, Minnesota, expanding the Company’s presence in the Twin Cities area.