D.R. Horton's dominant position in entry-level housing is being challenged by persistent affordability headwinds, evidenced by a 6.9% revenue decline and 320 basis points of gross margin erosion since Q3 2024. The company's reliance on mortgage rate buy-downs ...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue contracted 6.9% year-over-year in Q3 2026 to $9.2B, with gross margin falling 320 basis points to 23.3% and operating margin down to 13.3% from 17.7% in Q3 2024, reflecting incentive-driven pricing pressure.
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 9/24/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Oct 28, 2025 | $3.04-7.0% vs $3.27 | $9.7B+2.8% vs $9.4B |
Lennar, the nation's third-largest home builder, had a earnings miss last week. But it wasn't inflation driving up construction materials or tariffs or wages or any of the other usual suspects that stood out.
Corient Private Wealth LP lessened its holdings in D.R. Horton, Inc. (NYSE: DHI) by 28.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,821 shares of the construction company's stock after selling 27,323 shares during the quarter. Corient
In the most recent trading session, D.R. Horton (DHI) closed at $138.32, indicating a -1.34% shift from the previous trading day.
President Donald Trump has disclosed over 20,000 stock trades made over the past 12 months. The trades, which the White House says Trump has no knowledge of, span a wide range of sectors and dollar amounts.
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 |
|---|---|---|---|---|---|---|---|
| $140.17 | $39.21B | 12.12 | -6.93% | 10.47% | 14.18% | 1.14% | |
| $81.52 | $20.24B | 10.22 | -3.54% | 4.1% | 5.99% | — | |
| $118.71 | $22.91B | 10.68 | -3.54% | 11.62% | 14.73% | — | |
| $6246.31 | $16.86B | 14.31 | -2.08% | 12.11% | 31.02% | — | |
| $135.29 | $12.65B | 10.03 | 1.11% | 11.14% | 14.21% | — | |
| $137.77 | $3.55B | 9.35 | -1.93% | 7.44% | 9.97% | — |
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)
Jul 21, 2026·SEC
May 12, 2026·SEC
Apr 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 $33.35B in revenue for fiscal year 2025. This represents a 5994% increase from $547.3M in 1996.
D.R. Horton, Inc. (DHI) saw revenue decline by 6.9% over the past year.
Yes, D.R. Horton, Inc. (DHI) is profitable, generating $3.05B in net income for fiscal year 2025 (10.5% net margin).
Yes, D.R. Horton, Inc. (DHI) pays a dividend with a yield of 1.14%. This makes it attractive for income-focused investors.
D.R. Horton, Inc. (DHI) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.
D.R. Horton, Inc. (DHI) generated $3.31B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
