
D.R. Horton Financial Ratios 2025-2007 | DHI
Brief overview of D.R. Horton's market valuation
The review covers five available annual periods spanning 2021 to 2025.
The valuation comparison uses P/E 11.83x (median 9.2x), EV/EBITDA 486.09x (median 10.11x), P/S 1.24x (median 1.23x). On average, multiples differ from their five-year medians by only -4.2%. Valuation is near its familiar historical range.
The inverse P/E implies an earnings yield of 8.5%. This is not a dividend yield, but current earnings relative to market price.
Current measures of operating quality are ROE 14.8%, ROA 10.1%, ROCE 14.2%. Return ratios are at workable levels. The business generates positive returns, though efficiency is not exceptional.
PEG is 1.81x. Price is well ahead of embedded growth, making market expectations demanding.
A shorter cycle, from 298.2 days to -22.7 days, indicates faster release of cash from operations.
Valuation takeaway
D.R. Horton's profile looks neutral, with price and fundamental efficiency broadly aligned.
Annual Financial Ratios D.R. Horton
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
11.8 | 11.2 | 9.2 | 4.9 | 7.3 | 11.5 | 12.0 | 9.4 | 16.0 | 12.0 | 14.4 | 14.6 | 13.6 | 6.9 | 51.5 | 15.3 | -5.3 | -1.5 | - |
P/S |
1.2 | 1.5 | 1.2 | 0.9 | 1.1 | 1.3 | 1.1 | 0.9 | 1.2 | 0.9 | 1.0 | 1.0 | 1.0 | 1.5 | 1.0 | 4.8 | 2.6 | - | - |
EPS |
11.6 | 14.4 | 13.9 | 16.6 | 11.6 | 6.5 | 4.3 | 3.9 | 2.8 | 2.4 | 2.0 | 1.6 | 1.4 | 3.0 | 0.2 | -0.1 | 0.6 | -8.3 | - |
EV (Enterprise Value) |
50.2 B | 59.2 B | 49.2 B | 36.7 B | 36.3 B | 31.2 B | 23.3 B | 17.2 B | 20 B | 14.1 B | 14.7 B | 12.2 B | 10.1 B | 9.17 B | 5.7 B | 5.75 B | 5.33 B | 2.58 B | 6.97 B |
EBITDA per Share |
0.33 | 0.26 | 0.27 | 0.23 | 0.23 | 0.25 | 5.67 | 5.46 | 4.36 | 3.76 | 3.16 | 2.44 | 2.06 | 0.837 | 0.233 | 0.06 | 0.08 | 0.17 | - |
EV/EBITDA |
495.2 | 679.7 | 537.3 | 450.8 | 486.1 | 8.6 | 10.1 | 7.5 | 11.3 | 9.0 | 11.4 | 13.0 | 13.4 | 38.9 | 84.2 | 312.5 | 207.4 | 48.6 | - |
PEG |
1.81 | -0.62 | -0.56 | -0.33 | -0.63 | -1.83 | 1.01 | 0.23 | 1.0 | 0.72 | 0.47 | 1.61 | -0.26 | 0.01 | -0.73 | - | - | - | - |
P/B |
1.7 | 2.1 | 1.9 | 1.4 | 2.0 | 2.3 | 1.9 | 1.5 | 2.1 | 1.6 | 1.8 | 1.5 | 1.5 | 1.8 | 1.4 | 1.4 | 1.2 | - | - |
P/CF |
12.4 | 24.4 | 10.1 | 51.0 | 57.4 | 19.3 | 25.4 | 28.7 | 59.7 | 20.0 | 16.7 | -10.2 | -4.9 | -19.9 | -2639.6 | 5.3 | 2.6 | 2.1 | - |
ROE % |
14.82 | 18.79 | 20.91 | 30.20 | 27.44 | 19.58 | 15.72 | 15.94 | 13.40 | 13.05 | 12.73 | 10.42 | 11.39 | 26.60 | 2.74 | 9.38 | -22.99 | -91.93 | - |
ROA % |
10.11 | 13.17 | 14.57 | 19.30 | 17.39 | 12.55 | 10.37 | 10.35 | 8.52 | 7.67 | 6.73 | 5.23 | 5.22 | 13.19 | 1.34 | 4.13 | -8.14 | - | - |
ROCE % |
- | - | - | - | - | - | 14.24 | 15.39 | 14.28 | 12.78 | 10.96 | 8.68 | 8.16 | 4.07 | 1.24 | - | - | - | - |
Current Ratio |
3.3 | 3.5 | 3.4 | 2.9 | 2.7 | 2.8 | 10.0 | 10.2 | 9.0 | 8.7 | 8.4 | 7.7 | 7.1 | 5.4 | 4.6 | 1.8 | 1.6 | - | - |
DSO |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1.2 | 1.2 | - | - | - | - |
DIO |
- | - | - | - | - | - | 300.1 | 306.0 | 305.3 | 320.4 | 333.8 | 448.4 | 466.1 | 435.3 | 416.5 | - | - | - | - |
DPO |
- | - | - | - | - | 22.7 | 16.9 | 18.4 | 20.9 | 22.2 | 22.0 | 30.6 | 30.1 | 27.9 | 18.6 | - | - | - | - |
Operating Cycle |
- | - | - | - | - | - | 300.1 | 306.0 | 305.3 | 320.4 | 333.8 | 448.4 | 466.1 | 436.5 | 417.7 | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | -22.7 | 283.3 | 287.6 | 284.4 | 298.2 | 311.8 | 417.8 | 436.0 | 408.7 | 399.1 | - | - | - | - |
All numbers in USD currency
Quarterly Financial Ratios D.R. Horton
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
3.21 | 2.25 | 2.25 | - | 3.37 | 2.59 | 2.63 | - | 4.12 | 3.54 | 2.84 | - | 3.93 | 2.75 | 2.79 | - | 4.7 | 4.07 | 3.21 | - | 3.1 | 2.57 | 2.17 | 2.28 | 1.73 | 2.17 | 1.17 | 1.37 | 1.28 | 1.17 | 0.77 | 1.24 | 1.2 | 0.77 | 0.5 | 0.84 | 0.77 | 0.5 | 0.55 | 0.76 | 0.67 | 0.55 | 0.43 | 0.65 | 0.6 | 0.43 | 0.39 | 0.46 | 0.32 | 0.39 | 0.38 | 0.43 | 0.45 | 0.38 | 0.21 | 0.31 | 2.47 | 0.21 | 0.09 | 0.11 | 0.09 | 0.09 | 0.16 |
EBITDA per Share |
0.3 | 0.19 | - | - | - | - | 0.07 | - | - | - | 0.06 | - | - | - | 0.06 | - | - | - | 0.05 | - | 0.12 | 0.05 | 0.06 | 0.16 | 0.11 | 0.06 | 0.05 | 0.14 | 0.09 | 0.05 | 0.05 | 0.12 | 0.09 | 0.05 | 0.04 | 0.11 | 0.07 | 0.04 | 0.04 | 0.11 | 0.07 | 0.04 | 0.04 | 0.11 | 0.07 | 0.04 | 0.03 | 0.08 | 0.05 | 0.03 | 0.02 | 0.05 | 0.03 | 0.02 | 0.01 | 0.05 | 0.03 | - | 0.02 | 0.05 | 0.03 | 0.02 | 0.04 |
ROE % |
13.54 | 13.00 | 13.65 | 10.91 | 16.29 | 16.85 | 17.61 | 14.22 | 20.27 | 19.34 | 19.19 | 15.17 | 24.11 | 26.49 | 29.18 | 24.52 | 32.60 | 29.91 | 27.82 | 20.67 | 27.67 | 24.91 | 25.36 | 23.23 | 21.27 | 20.69 | 18.30 | 17.23 | 17.38 | 17.69 | 16.58 | 15.84 | 14.69 | 13.37 | 12.62 | 13.18 | 13.31 | 13.26 | 13.86 | 13.50 | 13.38 | 13.46 | 13.09 | 13.19 | 12.39 | 10.85 | 10.96 | 11.18 | 11.37 | 12.76 | 13.01 | 11.91 | 11.26 | 29.59 | 28.40 | 27.61 | 26.18 | 5.35 | 4.56 | 5.44 | 1.10 | 1.06 | 1.92 |
ROA % |
8.94 | 8.73 | 9.32 | 7.50 | 11.35 | 11.94 | 12.51 | 10.10 | 14.23 | 13.40 | 13.16 | 10.32 | 15.73 | 16.18 | 18.27 | 15.11 | 15.11 | 18.98 | 17.58 | 12.99 | 17.38 | 15.59 | 15.91 | 14.55 | 13.40 | 13.11 | 11.69 | 11.02 | 11.08 | 11.26 | 10.53 | 10.01 | 9.28 | 8.44 | 7.96 | 8.26 | 8.15 | 7.93 | 8.17 | 7.82 | 7.50 | 7.33 | 6.95 | 6.92 | 6.41 | 5.53 | 5.52 | 5.52 | 5.46 | 6.00 | 5.99 | 5.52 | 5.32 | 14.54 | 14.07 | 13.68 | 12.97 | 2.63 | 2.24 | 2.53 | 0.54 | 0.52 | 0.81 |
Current Ratio |
3.0 | 3.1 | 3.1 | 3.3 | 3.1 | 3.3 | 3.7 | 3.5 | 3.5 | 3.4 | 3.4 | 3.5 | 3.2 | 3.1 | 3.1 | 2.9 | - | 2.8 | 2.8 | 2.7 | 2.8 | 2.7 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.9 | 2.9 | 2.9 | 2.8 | 2.9 | 2.9 | 2.9 | 2.6 | 2.8 | 2.8 | 2.8 | 2.5 | 2.4 | 2.4 | 2.4 | 2.2 | 2.1 | 2.1 | 2.1 | 2.0 | 2.0 | 2.0 | 2.0 | 1.9 | 1.9 | 1.9 | 1.9 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 1.7 |
DPO |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.4 | 58.4 | 17.9 | 45.4 | 55.4 | 60.5 | 17.9 | 47.1 | 56.3 | 56.8 | 18.4 | 48.2 | 54.4 | 60.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -21.4 | -58.4 | -17.9 | -45.4 | -55.4 | -60.5 | -17.9 | -47.1 | -56.3 | -56.8 | -18.4 | -48.2 | -54.4 | -60.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company D.R. Horton, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
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