D.R. Horton, Inc. Financial Ratios — DHI Stock

Profitability (USD)

	2011 Y	2012 Y	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
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Return on Common Equity (%)	8.69	74.01	23.76	22.31	25.33	24.1	23.05	26.14	23.35	27.27	35.68	35.68	22.18	18.45	12.15
Return on Assets (%)	1.27	15.17	5.75	5.6	7.04	7.81	8.75	11.11	10.89	13.75	19.45	21.55	15.08	13.85	10.02
Return on Capital (%)	- -	- -	9.42	8.92	11.2	12.28	13.7	16.74	15.47	18.43	24.62	25.79	17.12	14.8	9.85
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
Gross Margin (%)	16.87	19.79	22.46	21.89	21.14	21.84	21.63	22.84	22.01	24.31	28.35	31.37	26.37	25.91	23.7
EBITDA Margin (%)	2.12	6.11	10.58	10.33	10.68	11.48	11.58	12.79	12	14.68	19.45	22.85	17.47	16.37	13.21
Operating Margin (%)	1.57	5.68	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
Incremental Operating Margin (%)	14.42	26.52	20.58	8.57	11.13	17.41	12.52	21.07	3.04	31.29	32.54	39.46	-74.17	-12.36	59.26
Pretax Margin (%)	0.33	5.58	10.51	10.15	10.38	11.13	11.37	12.82	12.08	14.69	19.29	22.79	17.81	17.08	13.84
Profit Margin (%)	1.97	21.96	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
Net Income to Common Margin (%)	1.97	21.96	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
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
Dvd Payout Ratio (%)	66.57	5	13.01	9.11	12.2	13.39	14.41	12.87	13.8	10.72	6.88	5.33	7.04	8.14	13.53
Sustainable Growth Rate (%)	2.91	70.31	20.67	20.28	22.24	20.87	19.73	22.78	20.12	24.35	33.22	33.77	20.62	16.95	10.51

Credit (USD)

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	2011 Y	2012 Y	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
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Debt	1,705	2,493	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
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	1,705	2,493	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
Total Debt/EBITDA	22.11	9.37	5.3	4.42	3.3	2.34	1.76	1.56	1.61	1.45	1.01	0.8	0.83	0.99	1.33
Net Debt/EBITDA	12.61	5.43	3.82	3.62	2.1	1.41	1.14	0.84	0.9	0.42	0.41	0.46	0.2	0.23	0.66
Total Debt/EBIT	29.8	10.08	5.49	4.63	3.46	2.45	1.82	1.61	1.67	1.49	1.02	0.81	0.84	1.01	1.36
Net Debt/EBIT	16.99	5.84	3.96	3.8	2.2	1.47	1.18	0.87	0.93	0.44	0.41	0.47	0.2	0.24	0.67
EBITDA to Interest Expense	1.53	11.28	129.84	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	1.2	9.86	118.47	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	1.13	10.48	125.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	50	24	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	15.64	24.09	24.26	25.86	29.53	35.13	40.62	44.08	48.98	51.62	56.83	63.22	72.41	77.43	87.52
Long-Term Debt/Equity (%)	64.97	69.35	86.4	71.6	64.65	48.16	37.06	34.98	33.02	35.64	35.81	30.91	22.23	23.12	24.38
Long-Term Debt/Capital (%)	66.97	58.77	61.99	58.15	53.64	44.61	36.71	33.37	30.04	30.08	28.05	23.8	17.62	17.34	16.03
Long-Term Debt/Total Assets (%)	31.81	34.4	39.62	35.99	34.18	28.3	23.57	22.7	21.78	22.84	22.69	20.15	15.78	16.54	17
Total Debt/Equity (%)	64.97	69.35	86.4	71.6	64.65	48.16	37.06	34.98	33.02	35.64	35.81	30.91	22.23	23.12	24.38
Total Debt/Capital (%)	66.97	58.77	61.99	58.15	53.64	44.61	36.71	33.37	30.04	30.08	28.05	23.8	17.62	17.34	16.03
Total Debt/Total Assets (%)	31.81	34.4	39.62	35.99	34.18	28.3	23.57	22.7	21.78	22.84	22.69	20.15	15.78	16.54	17
Net Debt to Equity	37.05	40.21	62.33	58.67	41.18	28.97	24.06	18.89	18.5	10.43	14.47	17.82	5.28	5.43	12.04
Net Debt/Capital (%)	53.62	45.25	54.05	53.24	42.43	32.64	27.35	21.29	19.39	11.15	13.58	15.23	4.82	4.68	8.6
EBITDA	77	266	662	829	1,156	1,396	1,631	2,056	2,112	2,981	5,401	7,652	6,193	6,023	4,526
EBITDA-CapEx	61	233	604	729	1,100	1,317	1,529	1,987	1,984	2,884	5,401	7,652	6,193	6,023	4,526
Operating Income (Loss)	57	247	640	791	1,102	1,334	1,577	1,993	2,040	2,890	5,319	7,570	6,102	5,936	4,424

Liquidity (USD)

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	2011 Y	2012 Y	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
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Cash Ratio	1	3.43	1.81	1.05	2.14	1.89	1.39	1.73	1.75	2.5	1.78	1.16	1.86	2.22	1.52
Current Ratio	4.41	15.92	14.73	14.46	15.7	15.41	15.65	15.64	17.23	14.71	12.87	13.13	14.96	17.06	17.39
Quick Ratio	1.01	4.03	2.11	1.27	2.34	2.21	1.58	1.89	2.01	2.72	1.96	1.35	2.06	2.42	1.75
CFO/Avg Current Liab	0.02	-0.41	-2.63	-1.13	1.1	0.93	0.62	0.69	1.05	1.38	0.35	0.28	2.01	1.06	1.71
Common Equity/Total Assets	15.64	24.09	24.26	25.86	29.53	35.13	40.62	44.08	48.98	51.62	56.83	63.22	72.41	77.43	87.52
Long-Term Debt/Equity (%)	64.97	69.35	86.4	71.6	64.65	48.16	37.06	34.98	33.02	35.64	35.81	30.91	22.23	23.12	24.38
Long-Term Debt/Capital (%)	66.97	58.77	61.99	58.15	53.64	44.61	36.71	33.37	30.04	30.08	28.05	23.8	17.62	17.34	16.03
Long-Term Debt/Total Assets (%)	31.81	34.4	39.62	35.99	34.18	28.3	23.57	22.7	21.78	22.84	22.69	20.15	15.78	16.54	17
Total Debt/Equity (%)	64.97	69.35	86.4	71.6	64.65	48.16	37.06	34.98	33.02	35.64	35.81	30.91	22.23	23.12	24.38
Total Debt/Capital (%)	66.97	58.77	61.99	58.15	53.64	44.61	36.71	33.37	30.04	30.08	28.05	23.8	17.62	17.34	16.03
Total Debt/Total Assets (%)	31.81	34.4	39.62	35.99	34.18	28.3	23.57	22.7	21.78	22.84	22.69	20.15	15.78	16.54	17
CFO/Total Liabilities	0.69	-8	-25.64	-13.06	13.33	13.09	9.92	11	16.8	20.93	6.07	5.32	45.57	21.3	31.88
CFO/CapEx	1.16	-8.7	-21.19	-6.6	12.48	7.99	4.29	8.01	7.01	14.73	- -	- -	- -	- -	- -
Altman's Z-Score	2.35	3.11	3.08	3.26	3.98	4.39	5.24	5.23	5.56	5.83	5.85	5.23	6.14	7.42	6.63

Working Capital (USD)

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	2011 Y	2012 Y	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
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	0.88	0.92	0.94	0.9	1.1	1.18	1.26	1.26	1.27	1.31	1.39	1.2	1.19	1.15	1.04
Days Inventory Outstanding	416.44	397.93	389.65	404.61	331.56	310.12	290.5	288.98	288.32	279.21	263.37	302.91	307.75	316.44	350.49
Accounts Payable Turnover	15.62	18.02	20.66	16.8	16.59	18.34	20.62	22.5	23.21	21.28	23.24	22.19	20.59	22.99	20.66
Accounts Payable Turnover Days	23.37	20.26	17.67	21.72	22	19.9	17.7	16.22	15.73	17.15	15.71	16.45	17.73	15.87	17.67
Cash Conversion Cycle	393.07	377.67	371.98	382.89	309.56	290.23	272.8	272.76	272.6	262.06	247.66	286.46	290.02	300.56	332.82
Inventory to Cash Days	-416.44	-397.93	-389.65	-404.61	-331.56	-310.12	-290.5	-288.98	-288.32	-279.21	-263.37	-302.91	-307.75	-316.44	-350.49
Inventories	3,450	4,165	6,197	7,700	7,807	8,341	9,237	10,395	11,282	12,237	16,479	21,656	22,373	24,903	25,287
Raw Materials	710	644	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	1,369	1,683	2,498	3,541	3,501	4,035	4,606	5,086	5,245	5,984	- -	- -	- -	- -	- -
Finished Goods	1,371	4,165	6,197	7,700	7,807	8,341	9,237	10,395	11,282	12,237	16,479	21,656	22,373	24,903	25,287
Other Inventory	- -	-2,327	-2,498	-3,541	-3,501	-4,035	-4,606	-5,086	-5,245	-5,984	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	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
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Market Capitalization	2,877	6,562	6,258	6,987	10,755	11,204	14,946	15,885	19,640	27,643	30,322	23,687	36,615	62,859	52,281
- Cash & Cash Equivalents	733	1,048	977	662	1,384	1,303	1,008	1,473	1,494	3,018	3,210	2,540	3,874	4,516	2,985
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	3	3	3	4	1	- -	- -	174	274	282	330	389	442	512	552
+ Total Debt	1,705	2,493	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
Enterprise Value	3,555	7,712	8,793	9,995	13,183	13,173	16,810	17,790	21,819	29,226	32,890	27,651	38,326	64,825	55,879
Total Capital	2,545	4,242	5,661	6,304	7,106	7,333	7,822	9,600	11,318	14,364	19,427	25,693	29,178	34,438	37,628
Total Debt/Capital (%)	66.97	58.77	61.99	58.15	53.64	44.61	36.71	33.37	30.04	30.08	28.05	23.8	17.62	17.34	16.03
Total Debt / EV	0.48	0.32	0.4	0.37	0.29	0.25	0.17	0.18	0.16	0.15	0.17	0.22	0.13	0.09	0.11
EV/Sales	0.98	1.77	1.4	1.25	1.22	1.08	1.19	1.11	1.24	1.44	1.18	0.83	1.08	1.76	1.63
EV/EBITDA	46.11	28.97	13.28	12.05	11.4	9.44	10.3	8.65	10.33	9.81	6.09	3.61	6.19	10.76	12.35
EV/EBIT	62.15	31.17	13.75	12.64	11.96	9.87	10.66	8.93	10.7	10.11	6.18	3.65	6.28	10.92	12.63
EV/Cash Flow to Firm	11.16	- -	- -	- -	18.82	21.11	38.19	32.63	24.46	20.56	61.55	49.22	8.9	29.6	16.33
EV/Free Cash Flow to Firm	10.62	- -	- -	- -	17.43	18.76	30.96	29.01	21.41	19.25	61.55	49.22	8.9	29.6	16.33
Diluted Market Cap	2,879	7,406	7,090	7,523	10,857	11,328	15,129	16,172	19,893	27,998	30,716	23,896	36,894	63,259	52,519
Diluted Enterprise Value	3,854	8,854	9,625	10,530	13,286	13,297	16,994	18,077	22,072	29,582	33,285	27,859	38,605	65,226	56,116
EV per Share	11.17	24.25	27.3	29.35	35.99	35.51	44.91	47.24	58.56	79.96	91.08	78.62	112.49	196.74	181.13
TTM Sales	3,637	4,354	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
TTM EBITDA	77	266	662	829	1,156	1,396	1,631	2,056	2,112	2,981	5,401	7,652	6,193	6,023	4,526
TTM Operating Income	57	247	640	791	1,102	1,334	1,577	1,993	2,040	2,890	5,319	7,570	6,102	5,936	4,424
TTM Cash Flow to Firm	319	-199	-1,226	-661	700	624	440	545	892	1,422	534	562	4,304	2,190	3,421
TTM Free Cash Flow to Firm	335	-166	-1,168	-561	756	702	543	613	1,019	1,518	534	562	4,304	2,190	3,421

Multiples (USD)

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	2011 Y	2012 Y	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
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Price/Free Cash Flow	81.8	-28.64	-6.05	-13.4	14.35	16.14	27.87	26.37	19.52	18.44	57.48	42.53	8.57	28.89	15.35
EV/EBIT	62.15	31.17	13.75	12.64	11.96	9.87	10.66	8.93	10.7	10.11	6.18	3.65	6.28	10.92	12.63
Enterprise Value	3,555	7,712	8,793	9,995	13,183	13,173	16,810	17,790	21,819	29,226	32,890	27,651	38,326	64,825	55,879
Low Price	8.82	8.03	17.52	17.6	19.29	22.97	26.69	38.58	32.39	25.51	64.32	59.25	66.01	100.08	110.44
EV/Sales	0.98	1.77	1.4	1.25	1.22	1.08	1.19	1.11	1.24	1.44	1.18	0.83	1.08	1.76	1.63
EV/EBITDA	46.11	28.97	13.28	12.05	11.4	9.44	10.3	8.65	10.33	9.81	6.09	3.61	6.19	10.76	12.35
Price/Earnings	40.08	6.86	13.53	13.1	14.33	12.64	14.39	10.88	12.13	11.65	7.26	4.04	7.72	13.22	14.58
Price/Earnings Average	50.15	5.07	15.12	13.84	12.91	12.71	11.67	11.58	9.66	8.56	7.29	4.91	7.26	10.32	12.54
Price/Earnings High	59.85	7.58	19.32	16.1	16.13	14.47	14.42	13.75	12.22	11.93	9.24	6.63	9.5	13.84	16.82
Price/Earnings Low	39.1	2.67	12.2	11.23	9.41	9.62	9.62	9.95	7.46	3.93	5.56	3.56	4.74	6.93	9.5
Price/Book Value	3.43	3.76	2.91	2.65	3.27	2.76	3.02	2.55	2.57	2.83	2.22	1.23	1.55	2.25	1.68
Price/Book Value Average	4.3	2.78	3.26	2.8	2.94	2.77	2.45	2.72	2.04	2.08	2.23	1.5	1.46	1.76	1.45
Price/Book Value High	5.13	4.15	4.16	3.26	3.68	3.16	3.03	3.23	2.59	2.9	2.83	2.02	1.91	2.36	1.94
Price/Book Value Low	3.35	1.46	2.63	2.27	2.15	2.1	2.02	2.34	1.58	0.96	1.7	1.09	0.95	1.18	1.1
Price/Tangible Book Value	1.1	1.85	1.56	1.39	1.85	1.67	1.95	1.76	1.94	2.31	2.01	1.21	1.59	2.45	2.13
Price/Tangible Book Value Average	1.38	1.36	1.74	1.47	1.67	1.68	1.58	1.87	1.54	1.7	2.02	1.47	1.5	1.91	1.83
Price/Tangible Book Value High	1.65	2.04	2.22	1.71	2.08	1.91	1.95	2.22	1.95	2.37	2.56	1.98	1.96	2.57	2.46
Price/Tangible Book Value Low	1.08	0.72	1.4	1.19	1.22	1.27	1.3	1.61	1.19	0.78	1.54	1.06	0.98	1.29	1.39
Price/Sales	0.79	1.51	1	0.87	0.99	0.92	1.06	0.99	1.12	1.36	1.09	0.71	1.03	1.71	1.53
Price/Sales Average	0.99	1.11	1.12	0.92	0.9	0.93	0.86	1.05	0.89	1	1.1	0.86	0.97	1.33	1.31
Price/Sales High	1.18	1.67	1.43	1.07	1.12	1.05	1.06	1.25	1.12	1.39	1.39	1.16	1.27	1.79	1.76
Price/Sales Low	0.77	0.59	0.9	0.75	0.65	0.7	0.71	0.9	0.69	0.46	0.84	0.62	0.63	0.9	0.99
Price/Cash Flow	152.25	-22.46	-5.09	-10.56	15.35	17.96	33.95	29.14	22.02	19.44	56.74	42.16	8.51	28.71	15.28
Price/Cash Flow Average	190.52	-16.6	-5.69	-11.17	13.83	18.05	27.52	31.01	17.52	14.29	56.98	51.19	8.01	22.42	13.15
Price/Cash Flow High	227.36	-24.81	-7.27	-12.99	17.29	20.55	34.02	36.83	22.16	19.91	72.23	69.14	10.47	30.07	17.63
Price/Cash Flow Low	148.54	-8.74	-4.59	-9.06	10.09	13.66	22.69	26.65	13.53	6.56	43.46	37.09	5.23	15.06	9.96
Price/Free Cash Flow Average	102.36	-21.17	-6.77	-14.17	12.93	16.22	22.59	28.07	15.53	13.55	57.72	51.64	8.07	22.57	13.2
Price/Free Cash Flow High	122.15	-31.64	-8.65	-16.48	16.16	18.47	27.92	33.33	19.65	18.89	73.17	69.75	10.55	30.26	17.71
Price/Free Cash Flow Low	79.81	-11.15	-5.46	-11.5	9.43	12.27	18.63	24.12	11.99	6.22	44.03	37.42	5.27	15.16	10
EV/Sales Average	1.26	1.45	1.52	1.3	1.12	1.09	0.99	1.17	1.01	1.08	1.19	0.98	1.02	1.39	1.42
EV/Sales High	1.45	2	1.83	1.45	1.34	1.22	1.2	1.37	1.25	1.47	1.48	1.28	1.32	1.84	1.87
EV/Sales Low	1.04	0.92	1.31	1.12	0.88	0.86	0.84	1.02	0.81	0.54	0.93	0.74	0.68	0.95	1.1
EV/EBITDA Average	59.35	23.66	14.39	12.53	10.48	9.48	8.57	9.15	8.43	7.35	6.11	4.28	5.84	8.48	10.73
EV/EBITDA High	68.38	32.67	17.33	13.99	12.57	10.6	10.32	10.7	10.4	10.03	7.62	5.59	7.55	11.26	14.12
EV/EBITDA Low	49.06	15.04	12.35	10.85	8.21	7.52	7.27	8	6.75	3.66	4.78	3.24	3.91	5.8	8.32
EV/EBIT Average	80	25.46	14.9	13.14	10.99	9.92	8.87	9.44	8.73	7.58	6.21	4.32	5.93	8.6	10.98
EV/EBIT High	92.17	35.16	17.94	14.67	13.19	11.08	10.68	11.03	10.76	10.34	7.74	5.65	7.67	11.42	14.45
EV/EBIT Low	66.12	16.18	12.79	11.38	8.61	7.86	7.52	8.25	6.99	3.77	4.85	3.28	3.97	5.89	8.51
Last Price	9.04	20.63	19.43	20.52	29.36	30.2	39.93	42.18	52.71	75.63	83.97	67.35	107.47	190.77	169.47
High Price	13.5	22.79	27.75	25.23	33.06	34.56	40.01	53.32	53.06	77.45	106.89	110.45	132.3	199.85	195.5
Enterprise Value Average	4,576	6,299	9,531	10,393	12,118	13,232	13,978	18,814	17,809	21,896	33,017	32,722	36,167	51,069	48,566
Enterprise Value High	5,272	8,697	11,473	11,599	14,539	14,790	16,840	21,985	21,949	29,891	41,167	42,809	46,785	67,817	63,909
Enterprise Value Low	3,782	4,002	8,178	9,001	9,495	10,490	11,854	16,434	14,248	10,907	25,795	24,802	24,200	34,943	37,668

Shares Outstanding	316	321	323	365	369	373	375	376	368	364	356	344	335	324	294
Diluted Weighted Avg Shares	318	359	365	367	370	375	379	383	377	370	366	355	343	332	310
Basic Weighted Avg Shares	318	318	322	340	366	371	374	377	373	366	361	352	341	330	308
Revenue per Share	11.43	13.69	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
EBITDA per Share	0.24	0.84	2.06	2.44	3.16	3.76	4.36	5.46	5.67	8.16	14.96	21.76	18.18	18.28	14.67
Operating Income per Share	0.18	0.78	1.99	2.32	3.01	3.6	4.21	5.29	5.47	7.91	14.73	21.53	17.91	18.01	14.34
Basic EPS, GAAP	0.23	3.01	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
Basic EPS from Cont Ops	0.23	3.01	1.44	1.57	2.05	2.39	2.77	3.88	4.34	6.51	11.61	16.76	14.07	14.59	11.74
Diluted EPS, GAAP	0.23	2.66	1.27	1.46	2.03	2.36	2.74	3.81	4.29	6.41	11.42	16.51	13.82	14.34	11.57
Diluted EPS from Cont Ops	0.23	2.66	1.27	1.46	2.03	2.36	2.74	3.81	4.29	6.43	11.46	16.62	13.97	14.49	11.68
Dividend per Share	0.15	0.15	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
Cash Flow per Share	0.06	-0.92	-3.82	-1.94	1.91	1.68	1.18	1.45	2.39	3.89	1.48	1.6	12.63	6.65	11.09
Free Cash Flow per Basic Share	0.01	-1.02	-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
Cash & Equivalents per Share	3.24	4.23	3.03	1.94	3.78	3.51	2.69	3.91	4.01	8.26	8.89	7.22	11.37	13.71	9.68
Book Value per Share	2.63	5.49	6.67	7.74	8.99	10.95	13.22	16.52	20.52	26.71	37.8	54.56	69.25	84.84	100.63
Tangible Book Value per Share	8.19	11.18	12.49	14.76	15.86	18.09	20.49	24.03	27.19	32.67	41.67	55.76	67.4	77.86	79.58

D.R. Horton, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)