D. R. Horton (DHI)
Consumer Discretionary · Homebuilding and Residential Construction
America's largest homebuilder by volume, constructing single-family and multi-family homes across 126 markets while managing a substantial rental portfolio and controlling majority stakes in land development.
What D. R. Horton does
D.R. Horton is the largest homebuilding company in the United States by number of homes closed, operating across 126 markets in 36 states. The company constructs and sells single-family and attached homes (townhomes, duplexes) with an average closing price around $365,000, targeting entry-level, move-up, active adult, and luxury buyers. Beyond homebuilding, DHI operates single-family and multi-family rental businesses, holds a 62% stake in Forestar Group (a residential lot development company), and provides mortgage financing and title insurance services through subsidiaries to support its homebuying customers.
Themes: ["Housing affordability","Single-family homebuilding","Build-to-rent / rental housing","Multi-family residential","Mortgage and financial services","Land banking and lot development","US residential construction"]
Fundamentals
- Price$149.55 as of 2026-07-09 close
- Market cap$42.4B as of 2026-07-10
- 1-year return+8.0% as of 2026-07-09 close
- P/E13.38 as of 2026-07-10
- Net margin+9.5% as of 2026-07-10
- Gross margin+23.1% as of 2026-07-10
- ROE+13.2% as of 2026-07-10
- Debt / equity0.28 as of 2026-07-10
- Revenue growth (YoY)-5.6% as of 2026-07-10
- Revenue CAGR (3y)+0.8% SEC XBRL
- Beta1.37 as of 2026-07-10
Dividend: yield +1.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Affordability constraints and cautious consumer sentiment are impacting new home demand, with home sales revenues and closings declining year-over-year amid cost pressures","Margin compression: pre-tax operating margin fell to 11.5–11.6% in recent quarters from 14.2–14.6% in the prior year, reflecting cost and pricing pressures","Economic and interest rate sensitivity: housing demand is highly cyclical and sensitive to mortgage rates, employment, and consumer confidence"]
Competitors & peers
- Lennar Corporation
- PulteGroup
- KB Home
- Toll Brothers
- Ryland Group
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.