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

D.R. Horton, Inc. (DHI) Free cash flow margin

Alert me on Free cash flow margin

D.R. Horton, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 10.1%. Over the past ten years it has ranged from 1.10% (fiscal 2021) to 11.9% (fiscal 2023); the current reading is higher than 92% of that period. That is above the Residential Construction industry median of 8.39% and above the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 10.1% 0.48
FY2025 9.65% 4.10
FY2024 5.55% (6.32)
FY2023 11.9% 10.63
FY2022 1.24% 0.14
FY2021 1.10% (5.13)
FY2020 6.23% 1.62
FY2019 4.61% 0.25
FY2018 4.36% 2.35
FY2017 2.01% (2.41)

Against its own ten years

Low 1.10% High 11.9%
Ten-year median 5.08%
Current reading's percentile 92

Free cash flow margin against peers

Company Free cash flow margin
DHI D.R. Horton, Inc. 10.1%
TOL Toll Brothers Inc. compare 10.1%
CVCO Cavco Industries, Inc. compare 9.71%
NVR NVR, Inc. compare 8.78%
PHM PulteGroup, Inc. compare 8.68%
SKY Champion Homes, Inc. compare 8.50%
IBP Installed Building Products, Inc. compare 8.27%
LEN.B Lennar Corporation compare 2.93%
LEN Lennar Corporation compare 2.93%
Residential Construction industry median 8.39%
Consumer Cyclical sector median 3.20%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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