D.R. Horton, Inc. (DHI) Stock Price & Analysis
D.R. Horton, Inc. (DHI) closed at USD 147.66 on Thursday, October 22, 2026, up 6.25% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 138.98; the Oct 22, 2026 session ranged USD 138.73–147.71 on volume of 3,247,214 shares. Market capitalization is $41.30B, with a 52-week range of USD 130.4–170.79 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DHI.md
Key facts (DHI)
- Last four reported quarters (through Jun 30, 2026): revenue $33.3B, net income $3.05B (9.2% margin), free cash flow $3.20B (SEC filings).
- Valuation: P/E 13.5x (avg 11.9x at the last 3 fiscal year-ends).
- 4 of 80 tracked superinvestors hold DHI (13F, Q2 2026): 1 new, 1 added, 2 reduced, 0 unchanged.
- Analysts: Hold (mean 2.95 on a 1–5 scale) (21 analysts), mean target USD 152.36 (range 119–206).
- Total return with dividends: 1Y -5.8% vs S&P 500 +14.9%; 5Y +75.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 3, revenue estimate $9.08B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DHI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $27.8B | $33.5B | $35.5B | $36.8B | $34.3B | $33.3B |
| Gross profit | $7.88B | $10.5B | $9.35B | $9.54B | $8.12B | — |
| Net income | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B | $3.05B |
| EPS (diluted) | $11.41 | $16.51 | $13.82 | $14.34 | $11.57 | — |
| Free cash flow | $441M | $414M | $4.16B | $2.02B | $3.28B | $3.20B |
| Gross margin | 28.4% | 31.4% | 26.4% | 25.9% | 23.7% | — |
| Net margin | 15.0% | 17.5% | 13.4% | 12.9% | 10.5% | 9.2% |
| Revenue growth | +36.7% | +20.5% | +5.9% | +3.8% | -6.9% | — |
| Cash + short-term investments | $3.21B | $2.54B | $3.87B | $4.52B | $2.99B | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DHI)
P/E 13.5x · P/S 1.2x · P/FCF 12.9x · P/B 1.7x · FCF yield 7.75% · Earnings yield 7.39% · Dividend yield (paid, TTM) 1.23% · Buyback yield (TTM) 7.02%
P/E at fiscal year-ends: Sep 2025 14.6x, Sep 2024 13.3x, Sep 2023 7.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (DHI)
4 of 80 tracked investors hold DHI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Greenhaven Associates | 6.59% | $571M | Added +1.1% | |
| Glenn Greenberg | Brave Warrior Advisors | 2.43% | $111M | Reduced -1.3% |
| Third Avenue Management | 1.80% | $11.3M | Reduced -6.3% | |
| Warren Buffett | Berkshire Hathaway | <0.01% | $581K | New position |
Analysts (DHI)
Consensus Hold (mean 2.95 on a 1–5 scale), 21 analysts; mean target USD 152.36 (low 119, high 206).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Wells Fargo | Target lowered | Equal-Weight | $145 → $140 |
| 2026-10-16 | StoneX | Initiated | Hold | |
| 2026-10-15 | Citigroup | Target lowered | Neutral | $160 → $150 |
| 2026-10-15 | RBC Capital | Target lowered | Underperform | $125 → $119 |
| 2026-10-06 | Melius Research | Initiated | Sell | $128 |
| 2026-10-06 | Barclays | Target lowered | Equal-Weight | $141 → $130 |
| 2026-10-01 | Morgan Stanley | Initiated | Equal-Weight | $151 |
| 2026-09-25 | Evercore ISI Group | Target lowered | In-Line | $177 → $166 |
| 2026-09-22 | Keefe, Bruyette & Woods | Target lowered | Market Perform | $167 → $160 |
| 2026-09-16 | Truist Securities | Target lowered | Hold | $150 → $140 |
| 2026-09-11 | Wells Fargo | Target lowered | Equal-Weight | $155 → $145 |
| 2026-08-04 | Wells Fargo | Target lowered | Equal-Weight | $170 → $155 |
Total return (dividends reinvested) (DHI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -5.8% | +75.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -5.8% | +11.9% |
| Volatility (annualized) | 35.6% | 33.6% |
| Max drawdown | -21.0% (Feb 2026→Mar 2026) | -44.5% (Dec 2021→Jun 2022) |
DHI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| HomeBuildingOps | $8.69B | 94.1% | +1.2% |
| Forestar Group | $407.0M | 4.4% | +4.2% |
| Rental | $266.1M | 2.9% | -30.1% |
| Financial Services | $220.7M | 2.4% | -3.1% |
| Total revenue | $9.23B | 100% | — |
DHI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| HomeBuildingOps | $8.68B | 94.1% | +1.4% |
| Land | $4.3M | 0.0% | -78.3% |
| Total revenue | $9.23B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DHI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Forestar Group Inc. (FOR) | “Our homebuilding operations acquire finished lots from Forestar in accordance with the master supply agreement between the two companies.” |
Quoted from the company's 10-K filed Nov 19, 2025.
DHI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $3.00 | $3.04 | -1.2% | $9.08B | 14 |
| Next quarter (ends Dec 2026) | $2.13 | $2.24 | -5.1% | $7.10B | 9 |
| Current fiscal year (ends Sep 2026) | $10.43 | $10.44 | -0.1% | $32.75B | 16 |
| Next fiscal year (ends Sep 2027) | $11.15 | $11.69 | -4.6% | $33.69B | 16 |
DHI options: expected move
Options price a move of about ±7.1% (±$10.45) by Oct 30, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±4.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 59.7% | ±7.1% |
| Nov 6, 2026 | 14 | 48.4% | ±7.9% |
| Nov 13, 2026 | 21 | 42.3% | ±8.4% |
| Nov 20, 2026 | 28 | 42.0% | ±9.5% |
| Nov 27, 2026 | 35 | 38.8% | ±9.7% |
| Dec 4, 2026 | 42 | 38.7% | ±10.6% |
| Dec 18, 2026 | 56 | 37.6% | ±12.0% |
| Jan 15, 2027 | 84 | 36.5% | ±14.2% |
30-day implied volatility 41.8% vs 34.6% realized over the last 30 trading days. Put/call ratio (volume) 0.55. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 147.66 |
|---|---|
| Change | ▲ 6.25% (up) |
| Previous Close | USD 138.98 |
| Open | USD 138.97 |
| Day Range | USD 138.73 – 147.71 |
| 52-Week Range | USD 130.4 – 170.79 |
| Volume | 3,247,214 shares |
| Market Cap | $41.30B |
| Exchange | NYQ |
Technical Analysis (DHI)
Nexqual's technical model rates DHI "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 62.07 (neutral) |
| vs SMA50 | Above (USD 141.12) |
| MACD | 0.12 (positive) |
Analyst Ratings (DHI)
Wall Street analysts rate DHI "Hold" based on 21 analysts, with a mean price target of USD 152.36 (range USD 119–206), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 152.36 |
| High Target | USD 206 |
| Low Target | USD 119 |
| Buy / Hold / Sell | 4 / 15 / 2 |
Earnings (DHI)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 3 |
| Revenue Estimate | $9.08B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.2 vs est 2.99 ▲ beat |
| 2026-03-31 | USD 2.24 vs est 2.14 ▲ beat |
| 2025-12-31 | USD 2.03 vs est 1.92 ▲ beat |
| 2025-09-30 | USD 3.04 vs est 3.27 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (DHI)
| Total Revenue | $33.35B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.00% |
| Gross Margin | +21.30% |
| Operating Margin | +12.99% |
| Profit Margin | +9.15% |
| ROE | +12.63% |
| Debt / Equity | 0.29 |
| Current Ratio | 6.01 |
| Total Cash | $2.08B |
| Total Debt | $7.19B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $3.20B (9.6% of revenue) |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (DHI)
Nexqual rates D.R. Horton, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Mixed — Gross margin 21%, operating 13% (last 12 months) |
| Balance Sheet | Strong — $2.08B cash vs $7.19B debt |
| Cash Flow | Solid — FCF $3.20B (last 4 quarters to Jun 2026, SEC), 10% margin |
| Efficiency | Mixed — ROE 13%, ROA 6.9% |
Ownership (DHI)
| Insider Ownership | +10.40% |
|---|---|
| Institutional Ownership | +87.58% |
| Shares Outstanding | 279.70M |
| Float | 250.60M |
| Short % of Float | +5.12% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (DHI)
D.R. Horton, Inc. is led by Paul J. Romanowski, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:16 UTC.
| President, CEO & Director | Paul J. Romanowski |
|---|---|
| Executive Chairman | David V. Auld |
| Executive VP & CFO | Bill W. Wheat |
| Executive VP & COO | Michael J. Murray |
| Vice President of Corporate Finance & Treasurer | Collin Michael Dawson |
Major Backers & Investors (DHI)
Notable institutional backers of D.R. Horton, Inc. include Capital Group, Growth Fund of America, FMR, LLC, according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 15.36% |
| Growth Fund of America | 4.8% |
| FMR, LLC | 3.38% |
| WASHINGTON MUTUAL INVESTORS FUND | 2.59% |
| AMERICAN BALANCED FUND | 2.59% |
| AMERICAN FUNDS FUNDAMENTAL INVESTORS | 1.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.49% |
| BlackRock | 8.93% |
| State Street | 4.32% |
| Geode Capital | 2.58% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From D.R. Horton, Inc.'s Latest SEC 10-K Filing (filed 2025-11-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We are the largest homebuilding company in the United States as measured by number of homes closed in fiscal 2025, and we are also one of the largest builders in most of the markets in which we operate.
- We build speculative homes in essentially all of our communities, which allow us to compete effectively with existing homes available in the market and improve our returns.
Partnerships
- Our homebuilding operations acquire finished lots from Forestar in accordance with the master supply agreement between the two companies.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to home warranty and construction defect claims and other litigation that can be significant.
- Governmental regulations and environmental matters could increase the cost and limit the availability of our land development and housing projects and adversely affect our business and financial results.
- Changes in income tax and securities laws could adversely affect our business and financial results.
- We are subject to income taxes at the federal, state and local levels, and any changes in tax legislation could adversely affect our future effective tax rates and the value of our deferred tax assets.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PHM | PulteGroup, Inc. | USD 119.48 | ▲ 5.84% |
| LEN | Lennar Corporation | USD 84.45 | ▲ 8.69% |
| NVR | NVR, Inc. | USD 6,110.63 | ▲ 3.57% |
| TOL | Toll Brothers, Inc. | USD 141.08 | ▲ 4.47% |
| IBP | Installed Building Products, In | USD 198.13 | ▲ 5.46% |
| SKY | Champion Homes, Inc. | USD 79.72 | ▲ 5.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt