Friday 6 November 2026 Export DHI’s income statement to Excel — free account

D.R. Horton, Inc.

DHI Consumer Cyclical Residential Construction

D.R. Horton, Inc.’s revenue for fiscal 2026 (year ended September 2026) was $33.0 billion, down 3.52% from fiscal 2025.

Revenue: −3.17%
EPS: −10.4%
Free cash flow: +5.76%
Total debt: +1.48%

Quarter to September 2026, against a year earlier

157.16 0.17 +0.11%

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Market cap: $42.8B
P/E: 15.4×
Fwd P/E: 14.1×
Dividend yield: 1.15%
F-score: 4/9
Altman Z: 5.59
Beneish M: n/a
Dividend safety: 92/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Sep '17	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23	Sep '24	Sep '25	Sep '26
Piotroski F-Score Full definition →	6	6	5	5	6	6	5	4	4	4
P/E ratio Full definition →	14.43	10.91	12.09	11.64	7.25	4.04	7.61	13.20	14.55	13.36
P/S ratio Full definition →	1.06	0.99	1.12	1.36	1.09	0.71	1.02	1.71	1.53	1.15
Altman Z-Score Full definition →	5.09	5.08	5.38	5.65	5.67	5.03	5.95	7.23	6.41	5.59
Altman Z″-Score (non-manufacturers) Full definition →	9.02	9.41	9.53	9.54	10.17	10.48	11.11	11.27	10.94	10.74
P/FCF ratio Full definition →	52.90	22.72	24.19	21.86	99.55	57.27	8.60	30.75	15.81	11.31
P/Operating CF Full definition →	23.91	66.61	24.20	33.20	53.30	21.06	17.71	32.04	21.15	14.41
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	92	92
P/B ratio Full definition →	1.93	1.74	1.91	2.28	1.99	1.20	1.56	2.43	2.11	1.60
Price to Tangible BV Full definition →	1.95	1.76	1.94	2.31	2.01	1.21	1.57	2.45	2.13	1.61
EV/Sales Full definition →	1.15	1.05	1.16	1.35	1.10	0.74	0.98	1.68	1.54	1.19
EV/EBITDA Full definition →	9.92	8.12	9.64	9.18	5.64	3.24	5.63	10.25	11.63	10.00
EV/Operating CF Full definition →	36.86	30.82	22.93	19.24	57.02	44.13	8.10	28.20	15.39	11.18
EV/FCF Full definition →	57.35	24.01	25.19	21.63	100.03	59.95	8.28	30.21	15.92	11.72
Quick Ratio Full definition →	1.03	1.31	1.35	1.82	1.55	1.10	1.48	1.61	1.18	0.95
Current Ratio Full definition →	6.93	7.25	7.25	6.70	6.42	5.92	6.62	7.32	6.48	6.01
Net Debt/EBITDA Full definition →	0.77	0.44	0.38	(0.10)	0.03	0.14	(0.21)	(0.18)	0.08	0.37
Debt/Assets Full definition →	23.57%	22.70%	21.78%	22.65%	22.54%	19.99%	15.64%	16.39%	16.82%	17.39%
Debt/Equity Full definition →	0.37	0.35	0.33	0.35	0.36	0.31	0.22	0.23	0.24	0.26
Asset Turnover Full definition →	1.19	1.22	1.18	1.18	1.29	1.23	1.13	1.07	0.96	0.94
Operating CF/Net income Full definition →	0.42	0.37	0.55	0.60	0.13	0.10	0.91	0.46	0.95	1.21
Capex/Depreciation Full definition →	(2.63)	2.14	(0.97)	(1.73)	(2.80)	(1.82)	(1.05)	(1.68)	(1.13)	(1.38)
ROE Full definition →	14.28%	17.28%	16.64%	21.18%	30.55%	33.47%	22.11%	19.43%	14.18%	11.93%
ROA Full definition →	8.75%	11.11%	10.89%	13.75%	19.45%	21.55%	15.08%	13.85%	10.02%	8.22%
ROIC Full definition →	10.94%	12.40%	11.47%	15.26%	21.64%	22.65%	17.48%	15.01%	11.01%	9.00%
Return on Tangible Assets Full definition →	10.81%	12.87%	12.99%	15.84%	22.27%	25.93%	19.07%	16.93%	13.43%	11.36%
Average Days of Receivables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	10.44%	10.44%	10.42%	10.08%	9.20%	8.76%	9.16%	9.78%	10.78%	11.34%
Intangible Assets out of Total Assets Full definition →	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.42%	0.35%	0.42%	0.38%	0.33%	0.31%	0.31%	0.32%	0.38%	0.41%
Graham Net Nets Full definition →	0.43	0.49	0.44	0.36	0.43	0.68	0.53	0.34	0.39	0.49
Graham Number Full definition →	35.92	46.02	52.06	69.64	104.78	145.30	146.05	159.63	144.99	140.38
Earnings Yield Full definition →	6.93%	9.17%	8.27%	8.59%	13.79%	24.77%	13.15%	7.57%	6.87%	7.49%
Free Cash Flow Yield Full definition →	1.89%	4.40%	4.13%	4.57%	1.00%	1.75%	11.63%	3.25%	6.32%	8.84%
Revenue per Share Full definition →	37.65	42.67	47.22	55.57	76.92	95.19	104.08	111.69	111.02	116.02
Operating CF per Share Full definition →	1.18	1.45	2.39	3.89	1.48	1.60	12.63	6.65	11.09	12.31
Capex per Share Full definition →	(0.42)	0.41	(0.22)	(0.43)	(0.64)	(0.42)	(0.28)	(0.44)	(0.37)	(0.56)
Free Cash Flow per Share Full definition →	0.76	1.86	2.18	3.46	0.84	1.18	12.35	6.20	10.72	11.75
Cash per Share Full definition →	4.31	6.11	6.94	12.50	14.58	14.10	18.84	21.31	18.15	16.45
Shareholders Equity per Share Full definition →	20.70	24.32	27.63	33.16	42.14	56.26	67.91	78.37	80.20	83.27
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	20.70	24.32	27.63	33.16	42.14	56.26	67.91	78.37	80.20	83.27
Free Cash Flow Full definition →	282.90	699.80	811.80	1,264.60	304.60	413.60	4,207.50	2,043.90	3,306.40	3,346.80
Working Capital Full definition →	9,283.30	10,945.20	11,955.90	14,299.00	18,356.30	22,116.00	24,443.30	27,562.50	26,123.60	24,800.20
Capital Expenditures Full definition →	(157.30)	154.60	(80.30)	(157.00)	(229.80)	(148.20)	(96.60)	(145.90)	(114.50)	(160.40)
Net Current Asset Value Full definition →	6,411.70	7,741.70	8,556.50	10,015.70	12,943.90	16,049.10	19,348.80	21,644.80	20,158.10	18,647.10
EV/EBIT Full definition →	10.29	8.42	10.03	9.47	5.73	3.28	5.71	10.40	11.90	10.86
Capex to Sales Full definition →	0.01	(0.01)	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Price to Operating Income Full definition →	9.49	7.97	9.63	9.56	5.70	3.13	5.93	10.59	11.82	10.48
Other line items
Depreciation/Fixed assets Full definition →	0.18	0.18	0.17	0.13	0.21	0.17	0.21	0.16	0.18	0.18
Cash ROIC Full definition →	2.31%	4.77%	4.99%	6.03%	1.18%	1.34%	12.14%	5.27%	9.11%	9.71%
Accounts Receivable Turnover Full definition →	108.81	119.02	99.39	83.07	93.67	89.88	83.44	0.00	0.00	0.00
Accounts Payable Turnover Full definition →	19.07	20.58	21.80	20.04	19.16	18.11	20.03	21.04	20.36	21.98
Inventory Turnover Full definition →	1.26	1.26	1.27	1.31	1.39	1.21	1.19	1.15	1.04	1.02
Average Days of Payables Full definition →	19.18	18.39	16.87	21.38	21.59	21.61	17.42	18.01	17.07	15.84
Days of Inventory on Hand Full definition →	305.32	306.03	300.12	290.55	302.27	344.03	312.76	333.37	353.17	356.23
Average Receivables Full definition →	129.50	135.00	177.00	244.50	296.50	372.50	425.00	—	—	—
Average Payables Full definition →	578.95	602.55	629.35	767.25	1,038.75	1,268.65	1,303.25	1,295.85	1,283.70	1,168.25
Average Inventory Full definition →	8,789.00	9,816.05	10,838.50	11,759.70	14,358.25	19,067.40	22,014.50	23,638.25	25,095.25	25,176.55
Average Assets Full definition →	11,871.75	13,149.60	14,860.60	17,259.45	21,464.10	27,183.50	31,466.75	34,343.35	35,787.75	35,144.75
Average Common Equity Full definition →	7,270.30	8,453.25	9,727.00	11,208.30	13,668.85	17,500.90	21,461.75	24,481.15	25,283.30	24,228.20

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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