DR HORTON INC (DHI) Fundamental Analysis & Valuation

NYSE:DHI • US23331A1097

Current stock price

164.22 USD
+3.04 (+1.89%)
At close:
164.22 USD
0 (0%)
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

  • In the past year DHI was profitable.
  • In the past year DHI had a positive cash flow from operations.
  • Each year in the past 5 years DHI has been profitable.
  • In the past 5 years DHI always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 9.63%, DHI belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • The Return On Equity of DHI (13.90%) is better than 76.67% of its industry peers.
  • 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 9.08%.
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

  • Looking at the Profit Margin, with a value of 9.95%, DHI belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DHI has declined.
  • DHI's Operating Margin of 13.57% is amongst the best of the industry. DHI outperforms 81.67% of its industry peers.
  • DHI's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 23.61%, DHI is in line with its industry, outperforming 43.33% of the companies in the same 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DHI is creating some value.
  • Compared to 1 year ago, DHI has less shares outstanding
  • DHI has less shares outstanding than it did 5 years ago.
  • DHI has a worse debt/assets ratio than last year.
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 6.11 indicates that DHI is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 6.11, DHI belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • DHI has a debt to FCF ratio of 1.60. This is a very positive value and a sign of high solvency as it would only need 1.60 years to pay back of all of its debts.
  • DHI's Debt to FCF ratio of 1.60 is fine compared to the rest of the industry. DHI outperforms 71.67% of its industry peers.
  • DHI has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.22, DHI is doing good in the industry, outperforming 61.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.6
Altman-Z 6.11
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.
  • DHI has a Current ratio of 5.29. This is in the better half of the industry: DHI outperforms 75.00% of its industry peers.
  • DHI has a Quick Ratio of 5.29. This is a bad value and indicates that DHI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DHI has a Quick ratio of 0.55. This is amonst the worse of the industry: DHI underperforms 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

  • DHI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.23%.
  • Measured over the past years, DHI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.86% on average per year.
  • The Revenue has decreased by -6.93% in the past year.
  • The Revenue has been growing by 11.02% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, DHI will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.04% on average per year.
  • DHI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.98% yearly.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • The Price/Earnings ratio is 15.39, which indicates a correct valuation of DHI.
  • DHI's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.50, DHI is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 13.03, DHI is valued correctly.
  • The rest of the industry has a similar Price/Forward Earnings ratio as DHI.
  • When comparing the Price/Forward Earnings ratio of DHI to the average of the S&P500 Index (22.62), we can say DHI is valued slightly cheaper.
Industry RankSector Rank
PE 15.39
Fwd PE 13.03
DHI Price Earnings VS Forward Price EarningsDHI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • Based on the Price/Free Cash Flow ratio, DHI is valued a bit cheaper than the industry average as 71.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.68
EV/EBITDA 10.51
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

  • DHI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.2
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.
  • DHI's Dividend Yield is a higher than the industry average which is at 1.29.
  • Compared to the average S&P500 Dividend Yield of 1.81, DHI is paying slightly less dividend.
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 been paying a dividend for at least 10 years, so it has 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.
  • The dividend of DHI is growing around the same rate as the earnings are growing. If this keeps up 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 (4/23/2026, 4:10:00 PM)

After market: 164.22 0 (0%)

164.22

+3.04 (+1.89%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)04-21
Earnings (Next)07-21
Inst Owners87.97%
Inst Owner Change-0.05%
Ins Owners0.66%
Ins Owner Change15.08%
Market Cap47.57B
Revenue(TTM)34.25B
Net Income(TTM)3.34B
Analysts68.89
Price Target165.2 (0.6%)
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 15.39
Fwd PE 13.03
P/S 1.42
P/FCF 13.68
P/OCF 13.11
P/B 1.98
P/tB 2
EV/EBITDA 10.51
EPS(TTM)10.67
EY6.5%
EPS(NY)12.6
Fwd EY7.68%
FCF(TTM)12
FCFY7.31%
OCF(TTM)12.52
OCFY7.63%
SpS115.72
BVpS82.83
TBVpS82.26
PEG (NY)N/A
PEG (5Y)1.2
Graham Number141.015 (-14.13%)
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 6.11
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%.