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) Price to free cash flow

Alert me on 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

Against its own ten years

Low 0.0× High 130×
Ten-year median 20.3×
Current reading's percentile 16

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)))

The full definition of Price to free cash flow →

More on DHI