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.
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D.R. Horton, Inc. (DHI) 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 | Free account |
Against its own ten years
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)
More on DHI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement