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HORTON D R INC /DE/ DHI

NYSE · stock · Operative Builders · website · IPO 1992-06-05

HORTON D R INC /DE/ statistics & valuation

Market cap$47.2B
P / E13.2×
P / S1.4×
P / B1.9×
P / FCF14.4×
Dividend yield1.05%
Net margin10.5%
Return on equity14.5%
FCF margin9.6%
Graham number -1.1%$144.17

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($144.17); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.30% 7.40% 9.10% 9.20% 11.70% 15.00% 17.50% 13.40% 12.90% 10.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
13.00% 13.40% 15.90% 15.70% 19.60% 27.40% 29.60% 20.50% 18.40% 14.50% 2016201720182019202020212022202320242025
Shares outstanding
375.1M 378.9M 383.4M 377.4M 370.2M 365.8M 354.8M 343.3M 331.6M 309.9M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.70% 8.50% 10.30% 10.40% 12.60% 17.40% 19.30% 14.60% 13.20% 10.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.50% 2.40% 3.00% 4.30% 6.50% 1.60% 1.20% 11.70% 5.50% 9.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$2.36 $2.74 $3.81 $4.29 $6.41 $11.41 $16.51 $13.82 $14.34 $11.57 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HORTON D R INC /DE/ trades at about 12.6× earnings — near its 10-year norm (10-year range 4.7×–16.1×, median 11.8×).

4.7× 16.1×

Shaded band = 10-year range (4.7×–16.1×); dot = today's 12.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin10.5%12.9%13.4%17.5%15.0%11.7%9.2%9.1%7.4%7.3%
FCF margin9.6%5.5%11.7%1.2%1.6%6.5%4.3%3.0%2.4%4.5%
Return on assets10.1%13.2%14.6%19.3%17.4%12.6%10.4%10.3%8.5%7.7%
Return on equity14.5%18.4%20.5%29.6%27.4%19.6%15.7%15.9%13.4%13.0%

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.