Financial Performance
5Y price score: 81
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 386%
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131.7
52-week range
170.7
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
8.2 %
Dividend Yield TTM
1.3 %
Market cap $
$ 37,989
Price / Earnings TTM
12.9
Price / Book TTM
1.6
PEG TTM
(0.7)
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(13.4) %
69.4 %
385.9 %
Free cash flow per share growth
(25) %
245.6 %
508.1 %
Earnings per share growth
(5.4) %
80.5 %
470 %
Founded: 1,978
Employees: 14,766
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q3 (Jul 21, 2026)
1) Financial Performance Highlights
- Earnings per diluted share of $3.20, down from $3.36 YoY.
- Consolidated pre-tax income of $1.2 billion on revenues of $9.2 billion, resulting in a pre-tax profit margin of 13.3%.
- Closed 23,983 homes, slightly up from 23,160 homes YoY, with home sales revenues totaling $8.7 billion.
- Home sales gross margin improved to 20.7%, exceeding guidance due to lower costs and reduced incentives.
2) Market Strategy and Consumer Focus
- 65% of mortgage closings were to first-time homebuyers, reflecting a commitment to affordability.
- The average closing price was $362,000, significantly below the national average, indicating a focus on accessible pricing.
- The company is adjusting operations to balance pace, price, and inventory in response to market conditions.
3) Operational Efficiency and Inventory Management
- Started 23,900 homes in Q3, with inventory at 38,000 homes, down 1% YoY.
- Improved median cycle time from home start to close by approximately three weeks YoY.
- The company plans to manage inventory levels and starts based on evolving market conditions, expecting lower starts in Q4.
4) Challenges and Market Conditions
- Affordability constraints and cautious consumer sentiment are impacting new home demand.
- Cancellation rate increased to 20%, up from 17% YoY, primarily due to qualification issues and lack of consumer confidence.
- The company anticipates continued elevated incentives in the near term, despite a slight reduction in Q3.
5) Guidance and Future Outlook
- For Q4, expected consolidated revenues between $8.8 billion and $9.3 billion, with homes closed projected at 22,500-23,000.
- Full-year fiscal 2026 revenue guidance revised to $32.5 billion-$33 billion.
- The company remains focused on capital efficiency, targeting $3 billion in operating cash flow and $2.5 billion in stock repurchases.
Bottom line: D.R. Horton is navigating a challenging market with a focus on affordability and operational efficiency, while maintaining a disciplined approach to capital allocation. The outlook remains cautious due to consumer sentiment and demand fluctuations, but the company is well-positioned for long-term value creation.
Annual Reports, Presentations And IR Contacts
Go to the websiteD. R. Horton — Financial Overview, Stock Price, Market Cap
D. R. Horton is a company. Founded in 1978. As of October 9, 2026, the company's market capitalization is $37989026084 with a current stock price of $135.82.