D.R. Horton, Inc.

DHI Consumer Cyclical Residential Construction

D.R. Horton, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $34.3 billion, down 6.93% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 4.75%, free cash flow fell 44.1% and total debt fell 1.88%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

139.39 0.16 −0.11%
Market cap
$39.0B
P/E
13.2×
Fwd P/E
13.8×
Dividend yield
1.29%
F-score
4/9
Altman Z
6.41
Beneish M
n/a
Dividend safety
92/100

D.R. Horton, Inc. (DHI) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, D.R. Horton, Inc. (DHI) trades at a EV/EBITDA of 10.5×. Over the past ten years it has ranged from 3.2× (October 2022) to 14.8× (April 2015); the current reading is higher than 78% of that period. That is in line with the Residential Construction industry median of 10.5× and above the Consumer Cyclical sector median of 9.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 11.6× 13.46%
FY2024 10.3× 82.21%
FY2023 5.6× 73.65%
FY2022 3.2× (42.56%)
FY2021 5.6× (38.53%)
FY2020 9.2× (4.76%)
FY2019 9.6× 18.63%
FY2018 8.1× (18.07%)
FY2017 9.9× 11.05%
FY2016 8.9× (17.27%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 12.2× 18.92%
Mar 2026 10.3× 0.61%
Dec 2025 10.2× (12.17%)
Sep 2025 11.6× 41.52%
42 more quarters

Against its own ten years

Low 3.2× High 14.8×
Ten-year median 9.0×
Current reading's percentile 78

EV/EBITDA against peers

Company EV/EBITDA
PHM PulteGroup, Inc. compare 8.5×
TOL Toll Brothers Inc. compare 9.0×
NVR NVR, Inc. compare 9.8×
DHI D.R. Horton, Inc. 10.5×
IBP Installed Building Products, Inc. compare 10.8×
LEN.B Lennar Corporation compare 11.0×
LEN Lennar Corporation compare 11.0×
SKY Champion Homes, Inc. compare 12.4×
CVCO Cavco Industries, Inc. compare 15.2×
Residential Construction industry median 10.5×
Consumer Cyclical sector median 9.3×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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