D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 126 markets across 36 states under the names of D.R. Horton. The company also constructs and sells single-family detached homes; and attached homes, such as townhomes and duplexes. In addition, it provides mortgage financing and title agency services; and engages in the residential lot development business. Further, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; conducts insurance-related operations; and owns water rights and other water-related assets, as well as non-residential real estate, including ranch land and improvements. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.
Strategic Advantage | Delve into how America's largest homebuilder leverages its scale, $6.6 billion liquidity position, and aggressive $2.5 billion share repurchase program to outperform competitors during market volatility. |
Analyst Perspectives | Price targets range dramatically from $105 to $180, reflecting divided sentiment on DHI's premium valuation of 1.7x forward book value versus industry average of 1x. |
Financial Outlook | Projected FY26 revenue of $33.5-35 billion with 86,000-88,000 home closings, while maintaining a solid 14% ROE despite market headwinds and margin pressures. |
Market Challenges | D.R. Horton navigates housing affordability constraints with resilient operational strategies despite recent earnings volatility and uneven demand in a structurally underbuilt market. |

Metrics to compare | DHI | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipDHIPeersSector | |
|---|---|---|---|---|
P/E Ratio | 12.6x | 11.2x | 10.8x | |
PEG Ratio | −0.57 | −0.18 | 0.02 | |
Price / Book | 1.8x | 2.1x | 1.4x | |
Price / LTM Sales | 1.3x | 0.9x | 0.9x | |
Upside (Analyst Target) | 7.7% | −20.1% | 28.7% | |
Fair Value Upside | Unlock | 21.7% | 10.8% | Unlock |