D.R. Horton
D.R. Horton is the largest homebuilding company in the United States by volume, operating across 126 markets in 36 states. The company focuses on constructing and selling high-quality residential homes while maintaining a diversified portfolio that includes rental properties and land development. Its core value proposition centers on national scale, geographic diversification, and a decentralized operational model that leverages local market expertise.
Financials
Based on Q1 2026 · FQ2 FY2026 filing
Revenue
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Homebuilding
primaryThe company's core business focused on the design, construction, and sale of single-family detached and attached homes. It targets a wide range of buyers including entry-level, move-up, active adult, and luxury segments.
D.R. Horton, Single-family detached homes, Townhomes, Duplexes
Entry-level buyers, Move-up buyers, Active adult buyers, Luxury buyers
Rental
moderateConsists of single-family and multi-family rental operations where properties are developed, constructed, and leased before being marketed for bulk sale. This segment focuses on high-growth suburban markets and garden-style apartment communities.
Single-family rental homes, Multi-family rental units, Apartment communities
Institutional real estate investors, Residential renters
Forestar (Residential Lot Development)
moderateA majority-owned, publicly traded residential lot development company that acquires and develops land into finished lots. It serves as a strategic partner to the homebuilding segment by securing land positions and providing finished lots.
Finished residential lots, Entitled land
D.R. Horton homebuilding divisions, Third-party homebuilders
Financial Services
moderateProvides mortgage financing and title agency services primarily to the company's homebuyers. It facilitates the sales process by coordinating mortgage applications, commitments, and closings.
Mortgage loans, Title insurance policies, Examination and underwriting services, Closing services
D.R. Horton homebuyers
Business Overview
Competitive Position
D.R. Horton is the largest volume homebuilder in the U.S., leveraging significant economies of scale and a 62% ownership stake in Forestar Group to control land supply.
Geographies
United States
Customer Segments
Individual homebuyers, Institutional investors, Residential tenants
Upstream Dependencies
Land owners, Building material suppliers, Skilled labor subcontractors, Municipalities for entitlements
Downstream Customers
Individual homebuyers, Institutional real estate buyers, Secondary mortgage market investors (Fannie Mae, Freddie Mac, Ginnie Mae)
Competitors & Partners
Competitors
Partners
Ginnie Mae
Government agency purchaser of originated mortgage loans
Subsidiaries
Forestar Group
FOR
Majority-owned residential lot development company
DHI Mortgage
Wholly owned mortgage financing subsidiary
D.R. Horton FAQ
Common questions about D.R. Horton
D.R. Horton is the largest homebuilding company in the United States by volume, operating across 126 markets in 36 states. The company focuses on constructing and selling high-quality residential homes while maintaining a diversified portfolio that includes rental properties and land development. Its core value proposition centers on national scale, geographic diversification, and a decentralized operational model that leverages local market expertise.
D.R. Horton (DHI) has a market capitalization of $39.5B and trades on NYSE.
D.R. Horton generated $33.3B in trailing twelve-month revenue with net income of $3.2B, representing a net margin of 9.5%. Gross margin stands at 22.8%, with free cash flow of $3.5B. These figures are based on the Q1 2026 filing.
D.R. Horton's key competitors include PulteGroup, Inc., Lennar Corporation, KB Home, and others. These companies compete in similar markets and product categories.
D.R. Horton has approximately 13,450 employees.