DR HORTON INC (DHI) Fundamental Analysis & Valuation

NYSE:DHI • US23331A1097

Current stock price

161.18 USD
-1.02 (-0.63%)
At close:
161.2 USD
+0.02 (+0.01%)
After Hours:

This DHI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. DHI Profitability Analysis

1.1 Basic Checks

  • DHI had positive earnings in the past year.
  • DHI had a positive operating cash flow in the past year.
  • In the past 5 years DHI has always been profitable.
  • DHI had a positive operating cash flow in each of the past 5 years.
DHI Yearly Net Income VS EBIT VS OCF VS FCFDHI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • DHI has a better Return On Assets (9.63%) than 85.00% of its industry peers.
  • With a decent Return On Equity value of 13.90%, DHI is doing good in the industry, outperforming 78.33% of the companies in the same industry.
  • DHI's Return On Invested Capital of 11.56% is amongst the best of the industry. DHI outperforms 85.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DHI is significantly above the industry average of 9.09%.
Industry RankSector Rank
ROA 9.63%
ROE 13.9%
ROIC 11.56%
ROA(3y)12.62%
ROA(5y)14.91%
ROE(3y)18.17%
ROE(5y)22.55%
ROIC(3y)14.99%
ROIC(5y)17.72%
DHI Yearly ROA, ROE, ROICDHI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • DHI has a better Profit Margin (9.95%) than 86.67% of its industry peers.
  • DHI's Profit Margin has declined in the last couple of years.
  • DHI has a better Operating Margin (13.57%) than 81.67% of its industry peers.
  • In the last couple of years the Operating Margin of DHI has remained more or less at the same level.
  • DHI has a Gross Margin (23.61%) which is comparable to the rest of the industry.
  • DHI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.57%
PM (TTM) 9.95%
GM 23.61%
OM growth 3Y-14.91%
OM growth 5Y-0.59%
PM growth 3Y-15.74%
PM growth 5Y-2.18%
GM growth 3Y-8.68%
GM growth 5Y-0.33%
DHI Yearly Profit, Operating, Gross MarginsDHI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. DHI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DHI is still creating some value.
  • Compared to 1 year ago, DHI has less shares outstanding
  • Compared to 5 years ago, DHI has less shares outstanding
  • Compared to 1 year ago, DHI has a worse debt to assets ratio.
DHI Yearly Shares OutstandingDHI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
DHI Yearly Total Debt VS Total AssetsDHI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 6.13 indicates that DHI is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 6.13, DHI belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • The Debt to FCF ratio of DHI is 1.60, which is an excellent value as it means it would take DHI, only 1.60 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.60, DHI is in the better half of the industry, outperforming 71.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.22 indicates that DHI is not too dependend on debt financing.
  • DHI has a better Debt to Equity ratio (0.22) than 61.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.6
Altman-Z 6.13
ROIC/WACC1.19
WACC9.71%
DHI Yearly LT Debt VS Equity VS FCFDHI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.3 Liquidity

  • DHI has a Current Ratio of 5.29. This indicates that DHI is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 5.29, DHI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • A Quick Ratio of 0.55 indicates that DHI may have some problems paying its short term obligations.
  • DHI's Quick ratio of 0.55 is on the low side compared to the rest of the industry. DHI is outperformed by 85.00% of its industry peers.
Industry RankSector Rank
Current Ratio 5.29
Quick Ratio 0.55
DHI Yearly Current Assets VS Current LiabilitesDHI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. DHI Growth Analysis

3.1 Past

  • The earnings per share for DHI have decreased strongly by -19.23% in the last year.
  • DHI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.86% yearly.
  • The Revenue has decreased by -6.93% in the past year.
  • Measured over the past years, DHI shows a quite strong growth in Revenue. The Revenue has been growing by 11.02% on average per year.
EPS 1Y (TTM)-19.23%
EPS 3Y-11.18%
EPS 5Y12.86%
EPS Q2Q%-13.18%
Revenue 1Y (TTM)-6.93%
Revenue growth 3Y0.76%
Revenue growth 5Y11.02%
Sales Q2Q%-2.27%

3.2 Future

  • DHI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.04% yearly.
  • Based on estimates for the next years, DHI will show a small growth in Revenue. The Revenue will grow by 6.98% on average per year.
EPS Next Y-7.33%
EPS Next 2Y4.28%
EPS Next 3Y11.12%
EPS Next 5Y19.04%
Revenue Next Year-0.23%
Revenue Next 2Y2.77%
Revenue Next 3Y4.4%
Revenue Next 5Y6.98%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DHI Yearly Revenue VS EstimatesDHI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
DHI Yearly EPS VS EstimatesDHI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30

More info and screens

Find the best growth stocksShow best growing peers

4

4. DHI Valuation Analysis

4.1 Price/Earnings Ratio

  • DHI is valuated correctly with a Price/Earnings ratio of 15.11.
  • The rest of the industry has a similar Price/Earnings ratio as DHI.
  • DHI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.79, which is the current average of the S&P500 Index.
  • DHI is valuated correctly with a Price/Forward Earnings ratio of 12.79.
  • DHI's Price/Forward Earnings is on the same level as the industry average.
  • DHI is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.88, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.11
Fwd PE 12.79
DHI Price Earnings VS Forward Price EarningsDHI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DHI is on the same level as its industry peers.
  • 71.67% of the companies in the same industry are more expensive than DHI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.43
EV/EBITDA 10.57
DHI Per share dataDHI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The decent profitability rating of DHI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.17
EPS Next 2Y4.28%
EPS Next 3Y11.12%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. DHI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.11%, DHI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.30, DHI pays a bit more dividend than its industry peers.
  • DHI's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.11%

5.2 History

  • The dividend of DHI is nicely growing with an annual growth rate of 18.00%!
  • DHI has paid a dividend for at least 10 years, which is a reliable track record.
  • DHI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)18%
Div Incr Years11
Div Non Decr Years11
DHI Yearly Dividends per shareDHI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 14.93% of the earnings are spent on dividend by DHI. This is a low number and sustainable payout ratio.
  • DHI's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP14.93%
EPS Next 2Y4.28%
EPS Next 3Y11.12%
DHI Yearly Income VS Free CF VS DividendDHI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
DHI Dividend Payout.DHI Dividend Payout, showing the Payout Ratio.DHI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

DHI Fundamentals: All Metrics, Ratios and Statistics

DR HORTON INC

NYSE:DHI (4/22/2026, 8:20:08 PM)

After market: 161.2 +0.02 (+0.01%)

161.18

-1.02 (-0.63%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)04-21
Earnings (Next)N/A
Inst Owners87.97%
Inst Owner Change-0.05%
Ins Owners0.66%
Ins Owner Change15.08%
Market Cap46.69B
Revenue(TTM)34.25B
Net Income(TTM)3.34B
Analysts68.89
Price Target165.2 (2.49%)
Short Float %6.32%
Short Ratio5.79
Dividend
Industry RankSector Rank
Dividend Yield 1.11%
Yearly Dividend1.6
Dividend Growth(5Y)18%
DP14.93%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-05
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.19%
Min EPS beat(2)-8.34%
Max EPS beat(2)3.97%
EPS beat(4)2
Avg EPS beat(4)2.04%
Min EPS beat(4)-8.34%
Max EPS beat(4)15.5%
EPS beat(8)5
Avg EPS beat(8)4.11%
EPS beat(12)8
Avg EPS beat(12)10.01%
EPS beat(16)11
Avg EPS beat(16)9.59%
Revenue beat(2)2
Avg Revenue beat(2)2.11%
Min Revenue beat(2)1.8%
Max Revenue beat(2)2.42%
Revenue beat(4)3
Avg Revenue beat(4)0.95%
Min Revenue beat(4)-4.66%
Max Revenue beat(4)4.26%
Revenue beat(8)6
Avg Revenue beat(8)2.2%
Revenue beat(12)10
Avg Revenue beat(12)4.92%
Revenue beat(16)12
Avg Revenue beat(16)4.21%
PT rev (1m)-0.33%
PT rev (3m)-0.54%
EPS NQ rev (1m)-0.39%
EPS NQ rev (3m)-12.38%
EPS NY rev (1m)-0.48%
EPS NY rev (3m)-7.11%
Revenue NQ rev (1m)-0.34%
Revenue NQ rev (3m)-2.03%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 15.11
Fwd PE 12.79
P/S 1.39
P/FCF 13.43
P/OCF 12.87
P/B 1.95
P/tB 1.96
EV/EBITDA 10.57
EPS(TTM)10.67
EY6.62%
EPS(NY)12.6
Fwd EY7.82%
FCF(TTM)12
FCFY7.45%
OCF(TTM)12.52
OCFY7.77%
SpS115.72
BVpS82.83
TBVpS82.26
PEG (NY)N/A
PEG (5Y)1.17
Graham Number141.015 (-12.51%)
Profitability
Industry RankSector Rank
ROA 9.63%
ROE 13.9%
ROCE 15.56%
ROIC 11.56%
ROICexc 12.61%
ROICexgc 14.34%
OM 13.57%
PM (TTM) 9.95%
GM 23.61%
FCFM 10.37%
ROA(3y)12.62%
ROA(5y)14.91%
ROE(3y)18.17%
ROE(5y)22.55%
ROIC(3y)14.99%
ROIC(5y)17.72%
ROICexc(3y)17.22%
ROICexc(5y)20.33%
ROICexgc(3y)19.35%
ROICexgc(5y)22.67%
ROCE(3y)20.7%
ROCE(5y)24.66%
ROICexgc growth 3Y-19.46%
ROICexgc growth 5Y-4.06%
ROICexc growth 3Y-19.65%
ROICexc growth 5Y-5.07%
OM growth 3Y-14.91%
OM growth 5Y-0.59%
PM growth 3Y-15.74%
PM growth 5Y-2.18%
GM growth 3Y-8.68%
GM growth 5Y-0.33%
F-Score4
Asset Turnover0.97
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.6
Debt/EBITDA 1.16
Cap/Depr 144.42%
Cap/Sales 0.45%
Interest Coverage 250
Cash Conversion 77.94%
Profit Quality 104.25%
Current Ratio 5.29
Quick Ratio 0.55
Altman-Z 6.13
F-Score4
WACC9.71%
ROIC/WACC1.19
Cap/Depr(3y)162.55%
Cap/Depr(5y)206.31%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.53%
Profit Quality(3y)73.9%
Profit Quality(5y)47.03%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.23%
EPS 3Y-11.18%
EPS 5Y12.86%
EPS Q2Q%-13.18%
EPS Next Y-7.33%
EPS Next 2Y4.28%
EPS Next 3Y11.12%
EPS Next 5Y19.04%
Revenue 1Y (TTM)-6.93%
Revenue growth 3Y0.76%
Revenue growth 5Y11.02%
Sales Q2Q%-2.27%
Revenue Next Year-0.23%
Revenue Next 2Y2.77%
Revenue Next 3Y4.4%
Revenue Next 5Y6.98%
EBIT growth 1Y-26.92%
EBIT growth 3Y-14.26%
EBIT growth 5Y10.37%
EBIT Next Year-9.58%
EBIT Next 3Y8.06%
EBIT Next 5Y11.16%
FCF growth 1Y9.57%
FCF growth 3Y99.49%
FCF growth 5Y23.68%
OCF growth 1Y9.23%
OCF growth 3Y82.61%
OCF growth 5Y19.2%

DR HORTON INC / DHI Fundamental Analysis FAQ

What is the fundamental rating for DHI stock?

ChartMill assigns a fundamental rating of 6 / 10 to DHI.


Can you provide the valuation status for DR HORTON INC?

ChartMill assigns a valuation rating of 4 / 10 to DR HORTON INC (DHI). This can be considered as Fairly Valued.


What is the profitability of DHI stock?

DR HORTON INC (DHI) has a profitability rating of 7 / 10.


What is the financial health of DR HORTON INC (DHI) stock?

The financial health rating of DR HORTON INC (DHI) is 7 / 10.


Is the dividend of DR HORTON INC sustainable?

The dividend rating of DR HORTON INC (DHI) is 6 / 10 and the dividend payout ratio is 14.93%.