D.R. Horton's fundamental outlook is shaped by decelerating top-line growth, with revenue falling to $9.4B in the latest quarter and gross margin compressing from 26.5% in 2024Q3 to 20.5%, suggesting incentive-driven buy-down costs are absorbing a growing share of pricing.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has declined year over year while gross margin fell from 26.5% in 2024Q3 to 20.5% in 2026Q4 and operating margin compressed from 17.7% to 10.8%, indicating that incentive spending is eroding profitability faster than volume recovery is restoring it.
DHI's stock price has appreciated significantly due to strong operational execution.
Pent-up Millennial demand and housing affordability trends are driving growth for DHI.
The company's decentralized model contributes to strong returns and operational efficiency.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $2.67-11.3% vs $3.01 | $9.4B+3.3% vs $9.1B |
Q3 2026 Jul 21, 2026 | $3.20+6.0% vs $3.02 | $9.2B+1.4% vs $9.1B |
Q2 2026 Apr 21, 2026 | $2.24+4.2% vs $2.15 | $7.6B+0.1% vs $7.5B |
Q1 2026 Jan 20, 2026 | $2.03+5.2% vs $1.93 | $6.9B+4.6% vs $6.6B |
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D.R. Horton projects fiscal 2027 revenues of $30 billion to $32 billion. The company controls 77% of its lot supply through purchase contracts.
Benchmark DHI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for D.R. Horton, Inc. (DHI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $152.28 | $42.59B | 14.65 | -3.52% | 8.74% | 11.93% | 1.18% | |
| $88.74 | $22.03B | 16.09 | -3.54% | 4.1% | 5.99% | 2.28% | |
| $132.49 | $25.57B | 13.85 | -3.54% | 11.24% | 13.8% | 0.67% | |
| $6298.29 | $17B | 16.71 | -2.08% | 11.23% | 29.53% | — | |
| $152.56 | $14.26B | 12.17 | 1.11% | 11.14% | 14.21% | 0.64% | |
| $131.60 | $3.39B | 12.31 | -1.93% | 6.59% | 8.64% | — |
D.R. Horton, Inc. (DHI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
D.R. Horton, Inc. (DHI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Oct 26, 2026·SEC
Jul 21, 2026·SEC
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D.R. Horton, Inc. (DHI) stock FAQ — growth, dividends, profitability & financials explained
D.R. Horton, Inc. (DHI) reported $33.04B in revenue in fiscal year 2026, which is also its trailing twelve months. That is 3846% more than the $837.3M of fiscal year 1997.
D.R. Horton, Inc. (DHI) revenue fell by 3.5% over the trailing twelve months, compared with the twelve months before.
Yes. D.R. Horton, Inc. (DHI) earned $2.89B in net income over the trailing twelve months (a 8.7% net margin).
Yes. D.R. Horton, Inc. (DHI) pays a dividend that yields 1.18% at the current price, a moderate yield.
D.R. Horton, Inc. (DHI) had a return on equity (ROE) of 11.9% over the trailing twelve months. That is in line with the market's typical 10-15%.
D.R. Horton, Inc. (DHI) generated $3.45B in free cash flow over the trailing twelve months.
