📊 DHI Key Takeaways
Investment Thesis
DHI demonstrates solid operational cash generation and balance sheet strength with a debt-free capital structure, but faces headwinds from declining revenue (-6.9% YoY) and deteriorating returns (ROE 2.5%, ROA 1.7%). The housing market slowdown is evident, though the company's strong free cash flow conversion (12.0% FCF margin) provides financial flexibility for navigation.
DHI Strengths
- Strong free cash flow generation of $826.6M with 12.0% FCF margin, demonstrating operational efficiency
- Fortress balance sheet with $24.0B equity, $2.5B cash, and zero long-term debt providing financial flexibility
- Solid operating margin of 11.6% indicating disciplined cost management despite revenue pressures
DHI Risks
- Revenue decline of 6.9% YoY signals housing market weakness and demand headwinds in the operative builders sector
- Severely depressed profitability returns with ROE of 2.5% and ROA of 1.7% indicating capital is not generating adequate returns
- Gross margin compression to 2.3% is abnormally low and suggests pricing pressure or unfavorable cost structures requiring investigation
Key Metrics to Watch
- Revenue growth trajectory and housing starts/backlog trends
- Gross margin recovery and average selling price trends
- Return on equity improvement and capital allocation efficiency
DHI Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
DHI Profitability Ratios
DHI vs Default Sector
How HORTON D R INC /DE/ compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
DHI Balance Sheet & Liquidity
DHI 5-Year Financial Trend
5-Year Trend Summary: HORTON D R INC /DE/'s revenue has grown significantly by 33% over the 5-year period, indicating strong business expansion. The most recent EPS of $13.82 reflects profitable operations.
DHI Growth Metrics (YoY)
DHI Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $6.9B | $594.8M | $2.03 |
| Q3 2025 | $9.2B | $1.0B | $3.36 |
| Q2 2025 | $7.7B | $810.4M | $2.58 |
| Q1 2025 | $7.6B | $844.9M | $2.61 |
| Q3 2024 | $9.7B | $1.3B | $3.90 |
| Q2 2024 | $8.0B | $942.2M | $2.73 |
| Q1 2024 | $7.3B | $947.4M | $2.76 |
| Q3 2023 | $8.8B | $1.3B | $3.90 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
DHI Capital Allocation
DHI SEC Filings
Access official SEC EDGAR filings for HORTON D R INC /DE/ (CIK: 0000882184)
📋 Recent SEC Filings
❓ Frequently Asked Questions about DHI
What is the AI rating for DHI?
HORTON D R INC /DE/ (DHI) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are DHI's key strengths?
Claude: Strong free cash flow generation of $826.6M with 12.0% FCF margin, demonstrating operational efficiency. Fortress balance sheet with $24.0B equity, $2.5B cash, and zero long-term debt providing financial flexibility.
What are the risks of investing in DHI?
Claude: Revenue decline of 6.9% YoY signals housing market weakness and demand headwinds in the operative builders sector. Severely depressed profitability returns with ROE of 2.5% and ROA of 1.7% indicating capital is not generating adequate returns.
What is DHI's revenue and growth?
HORTON D R INC /DE/ reported revenue of $6.9B.
Does DHI pay dividends?
HORTON D R INC /DE/ pays dividends, with $131.5M distributed to shareholders in the trailing twelve months.
Where can I find DHI SEC filings?
Official SEC filings for HORTON D R INC /DE/ (CIK: 0000882184) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is DHI's EPS?
HORTON D R INC /DE/ has a diluted EPS of $2.03.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.