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D.R. Horton

DHI

D.R. Horton is the largest homebuilding company in the United States by volume, operating across 126 markets in 36 states.

Market cap
$42.11B+3.9%
Revenue$33.3B-5.6%
Net income$3.2B-26.1%
EPS (diluted)$10.67-19.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$9.1B
EPS estimate$3.00

Financials

Q2 2026

Income statement

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Revenue$7.6B-2.3%
Gross profit$1.7B-10.4%
Net income$647.9M-20.1%
EPS (diluted)$2.24-13.2%

Balance sheet

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Cash & equivalents$2.0B-21.6%
Total debt$70.0M+36.5%
Total equity$23.6B-2.9%
Total assets$35.6B-0.3%

Cash flow

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CapEx$37.2M+8.5%

Valuation & ratios

Valuation

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Market cap$44.16B+3.9%
Enterprise value$42.25B+6.1%
P/E13.9×+3.2×
P/S1.3×+0.1×

Profitability

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Gross margin22.8%-2.7pp
Net margin9.5%-2.6pp

Returns & leverage

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Return on equity13.2%-4.6pp
Debt / equity0.0×

Segments

By geography

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South Central$1.5B-1.2%
East$1.4B+1.6%
North$1.0B+6.4%
Southwest$1.0B-2.7%
Northwest$539.7M-18.3%

By segment

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HomeBuildingOps$7.1B
Forestar Group$374.3M+6.6%
Financial Services$192.8M-9.4%
Eliminations and Other-$284.0M

By product

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HomeBuildingOps$7.0B
Financial Services$192.8M-9.4%
Land$108.0M+4.2%

Competitors

Profile

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.

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.

GeographiesUnited States
Customer segmentsIndividual homebuyers, Institutional investors, Residential tenants
Business modelDirect-to-consumer sales, B2B bulk asset sales, Vertically integrated developer
SuppliersLand owners, Building material suppliers, Skilled labor subcontractors, Municipalities for entitlements
CustomersIndividual homebuyers, Institutional real estate buyers, Secondary mortgage market investors (Fannie Mae, Freddie Mac, Ginnie Mae)
Listed1992
Employees13.5K
CEOPaul J. Romanowski
FilingsSEC EDGAR

Questions, answered.

What is D.R. Horton's market cap?
D.R. Horton (DHI) has a market capitalization of $42.1B and trades on NYSE.
What is D.R. Horton's revenue and profitability?
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%. These figures are based on the Q1 2026 filing.
Who are D.R. Horton's competitors?
D.R. Horton's key competitors include Lennar Corporation, KB Home, PulteGroup, Inc., and others. These companies compete in similar markets and product categories.
Who does D.R. Horton partner with?
D.R. Horton's notable partners include Fannie Mae, Freddie Mac, Ginnie Mae.
What subsidiaries does D.R. Horton have?
D.R. Horton's subsidiaries include Forestar Group Inc., DHI Mortgage.
Where is D.R. Horton headquartered?
D.R. Horton is headquartered in United States of America and employs approximately 13,450 people. It has been publicly traded since 1992.