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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%
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
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D.R. Horton, Inc. (DHI) Debt to equity

Alert me on Debt to equity

D.R. Horton, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.3×. Over the past ten years it has ranged from 0.2× (fiscal 2023) to 0.6× (fiscal 2015); the current reading is higher than 33% of that period. That is above the Residential Construction industry median of 0.2× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.3× 5.89%
FY2025 0.2× 5.19%
FY2024 0.2× 4.09%
FY2023 0.2× (28.18%)
FY2022 0.3× (13.80%)
FY2021 0.4× 0.65%
FY2020 0.4× 7.03%
FY2019 0.3× (5.60%)
FY2018 0.3× (5.61%)
FY2017 0.4× (23.05%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.3× (12.39%)
Jun 2026 0.3× 7.45%
Mar 2026 0.3× 20.05%
Dec 2025 0.2× (6.30%)
43 more quarters

Against its own ten years

Low 0.2× High 0.6×
Ten-year median 0.3×
Current reading's percentile 33

Debt to equity against peers

Company Debt to equity
CVCO Cavco Industries, Inc. compare 0.0×
NVR NVR, Inc. compare 0.0×
SKY Champion Homes, Inc. compare 0.0×
PHM PulteGroup, Inc. compare 0.2×
LEN Lennar Corporation compare 0.2×
LEN.B Lennar Corporation compare 0.2×
DHI D.R. Horton, Inc. 0.3×
TOL Toll Brothers Inc. compare 0.3×
IBP Installed Building Products, Inc. compare 1.5×
Residential Construction industry median 0.2×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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