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) Return on invested capital

Alert me on Return on invested capital

D.R. Horton, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 9.00%. Over the past ten years it has ranged from 8.89% (fiscal 2015) to 22.7% (fiscal 2022); the current reading is higher than 17% of that period. That is above the Residential Construction industry median of 4.98% and above the Consumer Cyclical sector median of 3.42%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 9.00% (2.01)
FY2025 11.0% (4.00)
FY2024 15.0% (2.47)
FY2023 17.5% (5.17)
FY2022 22.7% 1.01
FY2021 21.6% 6.38
FY2020 15.3% 3.79
FY2019 11.5% (0.93)
FY2018 12.4% 1.46
FY2017 10.9% 0.70

Against its own ten years

Low 8.89% High 22.7%
Ten-year median 11.9%
Current reading's percentile 17

Return on invested capital against peers

Company Return on invested capital
CVCO Cavco Industries, Inc. compare 17.4%
IBP Installed Building Products, Inc. compare 16.4%
SKY Champion Homes, Inc. compare 15.8%
PHM PulteGroup, Inc. compare 10.6%
TOL Toll Brothers Inc. compare 9.08%
DHI D.R. Horton, Inc. 9.00%
LEN.B Lennar Corporation compare 4.53%
LEN Lennar Corporation compare 4.53%
NVR NVR, Inc. compare 0.00%
Residential Construction industry median 4.98%
Consumer Cyclical sector median 3.42%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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