Last 48 quarters of trend data · Consumer Cyclical · Residential Construction
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
D.R. Horton, Inc.'s quarterly P/E stands at 15.3x, up 24.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 24.7% YoY to 13.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.64 | 15.31 | 17.74 | 13.94 | 9.59 | 12.32 | 13.39 | 12.17 | 8.59 | 11.69 | 13.47 | 6.04 | 7.80 |
| — | +24.3% | +32.4% | +14.6% | +11.6% | +5.4% | -0.6% | +101.5% | +10.2% | +30.6% | +66.9% | +67.5% | +120.1% | |
| P/S Ratio | 1.33 | 1.31 | 1.53 | 1.30 | 1.04 | 1.29 | 1.49 | 1.56 | 1.17 | 1.51 | 1.65 | 0.87 | 1.07 |
| — | +1.7% | +3.2% | -16.6% | -11.0% | -14.3% | -10.0% | +79.8% | +9.0% | +42.5% | +55.0% | +42.1% | +61.0% | |
| P/B Ratio | 1.98 | 1.64 | 1.72 | 2.04 | 1.56 | 1.61 | 1.78 | 2.42 | 1.85 | 2.26 | 2.16 | 1.58 | 1.89 |
| — | +2.1% | -3.2% | -15.8% | -15.7% | -28.9% | -17.8% | +53.4% | -1.9% | +41.5% | +43.7% | +32.4% | +48.8% | |
| P/FCF | 13.92 | — | 12.78 | 5.19 | 13.84 | — | 17.86 | 8.09 | 18.28 | — | — | 4.55 | 13.73 |
| — | — | -28.5% | -35.9% | -24.3% | — | — | +77.7% | +33.1% | — | — | -16.2% | -44.5% | |
| EV / EBITDA | 10.78 | 13.37 | 14.95 | 11.59 | 8.34 | 10.72 | 11.21 | 9.50 | 6.90 | 9.56 | 10.89 | 4.70 | 6.33 |
| — | +24.7% | +33.4% | +22.0% | +20.8% | +12.2% | +3.0% | +101.9% | +9.1% | +31.9% | +62.1% | +46.7% | +104.0% | |
| EV / EBIT | 11.02 | 15.12 | 15.52 | 11.09 | 7.92 | 10.31 | 10.67 | 9.34 | 6.85 | 9.45 | 10.63 | 4.67 | 6.23 |
| — | +46.6% | +45.5% | +18.7% | +15.7% | +9.1% | +0.4% | +99.9% | +10.0% | +28.4% | +58.1% | +42.4% | +96.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
D.R. Horton, Inc.'s operating margin was 10.6% in Q2 2026, down 0.0 pp QoQ and down 2.4 pp YoY. The trailing four-quarter average of 11.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 8.3% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.7% | 22.5% | 23.2% | 21.7% | 23.9% | 24.6% | 25.1% | 25.5% | 26.5% | 25.6% | 26.0% | 26.9% | 26.6% |
| — | -8.3% | -7.7% | -15.2% | -9.7% | -4.1% | -3.4% | -5.0% | -0.2% | +3.3% | -4.2% | -10.0% | -19.7% | |
| Operating Margin | 12.9% | 10.6% | 10.6% | 11.6% | 13.7% | 12.9% | 13.6% | 16.6% | 17.7% | 16.4% | 15.5% | 18.9% | 17.8% |
| — | -18.3% | -21.9% | -29.8% | -22.5% | -20.8% | -12.5% | -12.2% | -0.7% | +5.4% | -9.9% | -13.0% | -29.3% | |
| Net Margin | 10.5% | 8.6% | 8.6% | 9.4% | 11.1% | 10.5% | 11.1% | 12.8% | 13.6% | 12.9% | 12.3% | 14.4% | 13.7% |
| — | -18.2% | -22.2% | -27.1% | -18.2% | -18.6% | -9.5% | -10.7% | -1.1% | +8.9% | -7.2% | -15.1% | -26.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.2% | 2.7% | 2.4% | 3.7% | 4.1% | 3.2% | 3.3% | 5.0% | 5.5% | 4.9% | 4.1% | 6.7% | 6.2% |
| — | -17.5% | -26.8% | -27.1% | -24.3% | -34.2% | -18.7% | -24.6% | -11.4% | +8.2% | -14.7% | -21.8% | -33.3% | |
| ROA | 10.0% | 1.8% | 1.7% | 2.5% | 2.8% | 2.3% | 2.4% | 3.6% | 3.9% | 3.5% | 2.9% | 4.7% | 4.2% |
| — | -19.5% | -28.6% | -30.1% | -27.0% | -33.7% | -17.3% | -22.6% | -7.4% | +12.8% | -9.2% | -15.6% | -29.1% | |
| ROIC | 12.1% | 2.1% | 2.0% | 3.0% | 3.3% | 2.7% | 2.8% | 4.5% | 4.8% | 4.2% | 3.6% | 6.0% | 5.3% |
| — | -20.0% | -30.0% | -34.4% | -32.1% | -37.1% | -21.4% | -25.4% | -9.6% | +8.8% | -9.7% | -11.2% | -29.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
D.R. Horton, Inc.'s Debt/EBITDA ratio is 7.9x, up from 7.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 60.1% YoY to 6.86x, tightening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.27 | 0.23 | 0.24 | 0.30 | 0.26 | 0.20 | 0.23 | 0.23 | 0.25 | 0.23 | 0.22 | 0.28 |
| — | +2.6% | +11.7% | +5.4% | +30.0% | +7.3% | -10.5% | +4.0% | -18.0% | -13.4% | -19.0% | -28.1% | -14.7% | |
| Debt / EBITDA | 1.33 | 7.93 | 7.33 | 5.23 | 5.66 | 6.40 | 4.88 | 3.55 | 3.22 | 3.96 | 4.38 | 2.56 | 3.50 |
| — | +23.8% | +50.2% | +47.3% | +76.0% | +61.6% | +11.3% | +38.4% | -8.2% | -16.7% | -3.2% | -11.3% | +30.2% | |
| Current Ratio | 17.39 | 6.86 | 6.62 | 17.39 | 16.41 | 17.19 | 15.13 | 17.06 | 16.14 | 16.13 | 13.74 | 14.96 | 14.89 |
| — | -60.1% | -56.3% | +1.9% | +1.7% | +6.5% | +10.2% | +14.0% | +8.3% | +17.1% | +4.3% | +13.9% | +41.6% | |
| Quick Ratio | 4.51 | 1.39 | 0.97 | 4.51 | 3.90 | 3.96 | 3.42 | 4.83 | 3.95 | 4.02 | 3.43 | 4.22 | 3.88 |
| — | -65.0% | -71.5% | -6.7% | -1.2% | -1.6% | -0.3% | +14.4% | +1.9% | +19.1% | +15.3% | +29.6% | +73.5% | |
| Interest Coverage | — | 12.21 | 23.31 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into DHI consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DHI stock.
D.R. Horton, Inc.'s current P/E is 13.6x. The average P/E over the last 4 quarters is 14.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
D.R. Horton, Inc.'s current operating margin is 12.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking D.R. Horton, Inc.'s business trajectory between earnings reports.