DHI
DHI
D.R. Horton, Inc.
$135.31
-2.93% 2026-10-19
Consumer DiscretionaryS&P 500
DHISPY
1W
+0.8%
1M
-2.0%
3M
-6.3%
6M
-11.2%
YTD
-5.2%
1Y
-10.9%
Grades vs sector
Momentum41st pct in sectorC
Momentum
41st pct in sector
12-1 return: -7.2%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth28th pct in sectorD+
Growth
28th pct in sector
Revenue growth (YoY): +0.0%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value58th pct in sectorB-
Value
58th pct in sector
Forward E/P: 8.1% · EBITDA/EV: 9.2%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability52nd pct in sectorC+
Profitability
52nd pct in sector
Profit margin: +9.2% · Return on equity: +12.6%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Revisionsno data–
Revisions
no data
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 3 live models right now.
Momentum Top 15
rank 415 of 499 · 12-1 momentum % -13.7
Quality Growthnot ranked (outside this model's universe or screens)
Momentum Blendnot in the current book
Key stats
Market cap$37.8B
P/E (trailing)12.9
P/E (forward)12.0
52-week range130.40 – 170.79
Revenue growth (YoY, latest qtr)+0.0%
Dividend yield1.29%
Analyst consensusHold (14)
Mean price target$152.93 (+13%)
Valuation & fundamentals
Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 47%
•Forward P/E vs sector12.0x vs median 13.4x
•Piotroski F-score4/9
•Analyst target+13% (14 analysts)
Discounted cash flow
CyclicalValued on average-cycle margins
Homebuilding profits swing with the business cycle, so one year's cash flow can be far above or below normal. Instead of the last 12 months' free cash flow (3.2B, a 10% margin), the DCF and reverse DCF use the average free-cash-flow margin over FY2016–FY2025 (10 years: 5.0%) times current revenue = 1.7B. On trailing cash flow the base case would be $130; on mid-cycle cash flow it is $72. Glossary
Bear
$51
-62%
growth -5% · disc. 12.0% · term. 2.0%
Base
$72
-47%
growth 0% · disc. 11.0% · term. 2.5%
Bull
$98
-28%
growth 3% · disc. 10.0% · term. 3.0%
Starting cash flow is mid-cycle: 5.0% average margin × current revenue = 1.7B (last 12 months: 3.2B at a 10% margin). On trailing cash flow the base case would be $130.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price assumes free cash flow grows about 11% a year for 10 years.
Implied
+11%/yr
FCF, last 3 yrs
+99%/yr
FCF, last 5 yrs
+20%/yr
Revenue, last 3 yrs
+1%/yr
Revenue, last 5 yrs
+11%/yr
Same inputs as the DCF above: mid-cycle free cash flow 1.7B, 11.0% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.35 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Consumer Discretionary
P/E (trailing)
cheaper
sector median 17.7× · 26th pct
12.9×cheaper
Forward P/E
cheaper
sector median 13.4× · 40th pct
12.0×cheaper
EV / EBITDA
sector median 11.3×
–Price / sales
cheaper
sector median 1.2× · 47th pct
1.1×cheaper
Price / book
cheaper
sector median 2.8× · 31st pct
1.6×cheaper
FCF yield
cheaper
sector median 6.6% · 65th pct
8.5%cheaper
Forward EPS $11.26 vs trailing $10.49 (+7% expected growth). Forward P/E uses analysts' next-12-month estimate.
Quality & financial health
Gross margin
22.6%
Operating margin
–
FCF margin
9.6%
Net margin
9.2%
Return on equity
12.8%
Return on invested capital
–
Net debt / EBITDA
–
Current ratio
–
Interest cover
–
Cash conversion (OCF/NI)
1.1×
Piotroski F-score 4/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved
Analysts
Mean target
$153
+13%
Analysts
14
Hold
Range
$119–$206
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $34.3B | $3.6B | $3.3B |
| 2024 | $36.8B | $4.8B | $2.0B |
| 2023 | $35.5B | $4.7B | $4.2B |
| 2022 | $33.5B | $5.9B | $413.6M |
| 2021 | $27.8B | $4.2B | $440.9M |
| 2020 | $20.3B | $2.4B | $1.3B |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +0.8%.
Earnings
Next report: 2026-10-29 · before open · EPS est 3.00
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-07-21 | 2.99 | 3.20 | +7.1% |
| 2026-04-21 | 2.12 | 2.24 | +5.6% |
| 2026-01-20 | 1.92 | 2.03 | +6.0% |
| 2025-10-28 | 3.27 | 3.04 | -7.1% |
| 2025-07-22 | 2.90 | 3.36 | +15.8% |
| 2025-04-17 | 2.70 | 2.58 | -4.5% |
| 2025-01-21 | 2.36 | 2.61 | +10.8% |
| 2024-10-29 | 4.16 | 3.92 | -5.8% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $9.2B | +0.0% |
| 2026-03-31 | $7.6B | – |
| 2025-12-31 | $6.9B | – |
| 2025-09-30 | $9.7B | – |
| 2025-06-30 | $9.2B | – |
Analyst actions
Wells Fargo
PT $140
2026-10-16 · main
Equal-Weight → Equal-WeightPT $140
StoneX
2026-10-16 · init
→ HoldCitigroup
PT $150
2026-10-15 · main
Neutral → NeutralPT $150
RBC Capital
PT $119
2026-10-15 · main
Underperform → UnderperformPT $119
Melius Research
PT $128
2026-10-06 · init
→ SellPT $128
Barclays
PT $130
2026-10-06 · main
Equal-Weight → Equal-WeightPT $130
Recent dividends
2026-08-06: $0.450 · 2026-05-07: $0.450 · 2026-02-05: $0.450 · 2025-11-13: $0.450 · 2025-08-07: $0.400 · 2025-05-02: $0.400 · 2025-02-07: $0.400 · 2024-11-12: $0.400
Insider trades
None
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None · None
SELL–
None
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None · None
SELL–
None
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None · None
SELL–
None
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None · None
SELL–
News
Is Cavco Industries Stock Engineered To Make You Money?
Trefis · 5h ago
D.R. Horton (DHI) Stock Sinks As Market Gains: Here's Why
Zacks · 6h ago
3 US Homebuilder Stocks Built To Handle High Mortgage Rates
Simply Wall St. · 13h ago
DHI Corp. relocates headquarters from Mequon to downtown Milwaukee
Milwaukee Journal Sentinel · 14h ago
ETFs Bought $12.5 Million of D.R. Horton (DHI) on Oct. 15
GuruFocus.com · 16h ago
Wells Fargo Adjusts Price Target on D.R. Horton to $140 From $145
MT Newswires · Oct 16
DHI Group Earns Great Place To Work Certification™ for the Fifth Consecutive Year
Business Wire · Oct 15
RBC Capital Adjusts Price Target on D.R. Horton to $119 From $125, Keeps Underperform Rating
MT Newswires · Oct 15
iShares U.S. Home Construction ETF (ITB) Adds DHI and PHM on Oct. 13
GuruFocus.com · Oct 15
Citigroup Adjusts Price Target on D.R. Horton to $150 From $160
MT Newswires · Oct 15
Stats refreshed 2026-10-19 19:02:13 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
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