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.
Follow DHI
D.R. Horton, Inc. (DHI) Price to free cash flow
As of 16 October 2026, D.R. Horton, Inc. (DHI) trades at a price to free cash flow of 12.3×. Over the past ten years it has ranged from 0.0× (September 2022) to 130× (December 2021); the current reading is higher than 16% of that period. That is below the Residential Construction industry median of 15.6× and below the Consumer Cyclical sector median of 13.0×.
Price to free cash flow, daily
Embed this chart
Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 15.8× | (48.59%) |
| FY2024 | 30.8× | 257.70% |
| FY2023 | 8.6× | (84.99%) |
| FY2022 | 57.3× | (42.47%) |
| FY2021 | 99.5× | 355.40% |
| FY2020 | 21.9× | (9.65%) |
| FY2019 | 24.2× | 6.48% |
| FY2018 | 22.7× | (57.05%) |
| FY2017 | 52.9× | 153.90% |
| FY2016 | 20.8× | 8.48% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 14.3× | 27.73% |
| Mar 2026 | 11.2× | (6.72%) |
| Dec 2025 | 12.0× | (23.92%) |
| Sep 2025 | 15.8× | 13.25% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| TOL Toll Brothers Inc. compare | 11.5× |
| DHI D.R. Horton, Inc. | 12.3× |
| PHM PulteGroup, Inc. compare | 14.1× |
| NVR NVR, Inc. compare | 15.3× |
| SKY Champion Homes, Inc. compare | 15.7× |
| IBP Installed Building Products, Inc. compare | 16.8× |
| CVCO Cavco Industries, Inc. compare | 17.0× |
| LEN.B Lennar Corporation compare | 19.5× |
| LEN Lennar Corporation compare | 19.6× |
| Residential Construction industry median | 15.6× |
| Consumer Cyclical sector median | 13.0× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- EV/EBITDA
- 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