OakChart

D.R. Horton Inc

DHIConsumer Cyclical·Residential Construction·USA·Large·NYSE·Nov 11 • 3:59 PM ET

147.48-2.22 (-1.48%)
2026-11-12 05:09 CET
Market cap
40,031.38 USD m
Revenue, TTM
33,043.40 USD m
Net income, TTM
2,889.40 USD m
Free cash flow, TTM
3,346.80 USD m
EPS diluted, TTM
10.14
P/E
14.55
Compare

Price

DHI against its 20, 50 and 200-day averages
2050200beatmiss
130.00140.00150.00160.00170.003.1M6.2MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26DHIclose 147.4820-day 146.7750-day 141.65200-day 147.51147.4852w high52w low

13.6% under the 52-week high of 170.79 on 25 Jun 2026. 52-week low 130.40 on 14 Oct 2026. Last 15 sessions, 16.5% high to low

Volume 1.18× normal · the line is the 50-bar volume average

Profile

DHI
52-week range, 42% of the way up
130.4170.79

D.R. Horton, Inc. engages in the construction and sale of single-family housing. It operates through the following geographical segments: Northwest, Southwest, South Central, Southeast, East, and North. The Northwest segment relates to Colorado, Oregon, Utah, and Washington. The Southwest segment covers Arizona, California, Hawaii, Nevada, and New Mexico. The South Central segment is involved in Arkansas, Oklahoma, and Texas. The Southeast segment refers to Alabama, Florida, Louisiana, and Mississippi. The East segment operates Georgia, North Carolina, South Carolina, and Tennessee. The North segment focuses on Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Minnesota, Nebraska, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The company was founded by Donald Ray Horton in 1978 and is headquartered in Arlington, TX.

IndexS&P 500, RUI
Employees14341
IPOJun 05, 1992
Beta1.36
ATR, 14d5.60
Rel volume1.18
Short float4.89%
Insider own10.42%
Inst own89.43%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap40.03B
Enterprise Value44.57B
Income2.89B
Sales33.04B
Book/sh85.14
Cash/sh7.79
Dividend Est.1.96 (1.33%)
Dividend TTM1.80 (1.22%)
Dividend Ex-DateNov 12, 2026
Dividend Gr. 3/5Y21.64% 17.61%
Payout17.80%
Employees14341
IPOJun 05, 1992

Ratios

P/E14.55
Forward P/E14.06
PEG2.36
P/S1.21
P/B1.73
P/C18.92
P/FCF11.96
EV/EBITDA11.68
EV/Sales1.35
Quick Ratio0.95
Current Ratio6.01
Debt/Eq0.26
LT Debt/Eq0.26
Option/ShortYes / Yes

Earnings

EPS (ttm)10.14
EPS next Y10.49
EPS next Q1.33
EPS this Y-15.23%
EPS next Y22.41%
EPS next 5Y5.96%
EPS past 3/5Y-9.90% -2.40%
Sales past 3/5Y-2.33% 3.54%
EPS Y/Y TTM-12.68%
Sales Y/Y TTM-3.52%
EPS Q/Q-12.29%
Sales Q/Q-3.17%
EarningsOct 29 BMO
EPS/Sales Surpr.-11.27% 3.32%

Ownership

Insider Own10.42%
Insider Trans0.00%
Inst Own89.43%
Inst Trans-1.10%
ROA8.16%
ROE12.22%
ROIC9.91%
Gross Margin22.28%
Oper. Margin11.20%
Profit Margin8.74%
SMA200.48%
SMA504.12%
SMA200-0.02%
Trades-

Technical

Shs Outstand271.44M
Shs Float243.16M
Short Float4.89%
Short Ratio4.19
Short Interest11.90M
52W High170.79 -13.65%
52W Low130.40 13.10%
Volatility2.92% 3.33%
ATR (14)5.60
RSI (14)51.33
Beta1.36
Rel Volume1.18
Avg Volume2.84M
Volume3,343,439

Performance

Perf Week-6.06%
Perf Month8.88%
Perf Quarter-1.60%
Perf Half Y4.80%
Perf YTD2.40%
Perf Year0.33%
Perf 3Y20.20%
Perf 5Y53.05%
Perf 10Y439.63%
Recom3.00
Target Price146.21
Prev Close149.70
Price147.48
Change %-1.48%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 03, 2026DowngradeRRaymond JamesMkt Perform → Underperform
Oct 06, 2026InitiatedMMeliusSell$128-13.2%
Oct 01, 2026InitiatedMMorgan StanleyEqual-Weight$151+2.4%
Apr 07, 2026DowngradeSSeaport Research PartnersBuy → Neutral
Mar 04, 2026InitiatedTTruistHold$155+5.1%
Jan 07, 2026DowngradeCCitizens JMPMkt Outperform → Mkt Perform
Jan 06, 2026DowngradeWWells FargoOverweight → Equal Weight$155+5.1%
Dec 02, 2025InitiatedBBTIG ResearchBuy$186+26.1%
Oct 07, 2025DowngradeEEvercore ISIOutperform → In-line$169+14.6%
Mar 06, 2025UpgradeSSeaport Research PartnersNeutral → Buy$164+11.2%

Peers

Mkt cap
TickerCompanyMkt cap
LENLennar Corp20.48B
PHMPulteGroup Inc23.84B
MTHMeritage Homes Corp4.29B
NVRNVR Inc15.60B
KBHKB Home3.04B
LGIHLGI Homes Inc992.25M
TOLToll Brothers Inc13.91B
MHOMI Homes Inc3.22B
GRBKGreen Brick Partners Inc2.66B
CCSCentury Communities Inc1.50B

Insider trading

7 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
WHEAT BILL WEVP and CFOOct 30 '26Option Exercise0.0039,3520376,819Nov 02 04:57 PM
Murray Michael JEVP and COOOct 30 '26Option Exercise0.0052,2420177,234Nov 02 04:55 PM
Romanowski Paul JPresident and CEOOct 30 '26Option Exercise0.0065,8120266,891Nov 02 04:52 PM
Auld David VExecutive ChairmanOct 30 '26Option Exercise0.0039,3520990,034Nov 02 04:50 PM
Odom Aron M.SVP, Controller and PAOFeb 13 '26Sale167.5526043,5636,457Feb 17 12:56 PM
Odom Aron M.OfficerFeb 13 '26Proposed Sale167.5526043,563Feb 13 04:31 PM
BUCHANAN MICHAEL RFormer AffiliateFeb 03 '26Proposed Sale158.353,400538,390Feb 03 04:04 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
ITBiShares U.S. Home Construction ETFAUM: 2.19B
VTVVanguard Morningstar Value ETFAUM: 196.23B
CGGRCapital Group Growth ETFAUM: 25.66B
XLYState Street Consumer Discretionary Select Sector SPDR ETFAUM: 23.35B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q42026-10-292.6703.0092.6709,3719,07020
2026Q32026-07-213.2003.0233.1989,2279,09617
2026Q22026-04-212.2402.1532.2427,5587,54919
2026Q12026-01-202.0301.9252.0286,8876,58618
2025Q42025-10-283.0403.2713.0449,6789,41416
2025Q32025-07-223.3602.9423.3609,2268,77418
2025Q22025-04-172.5802.6252.5817,7348,03218
2025Q12025-01-212.6102.3522.6137,6137,01418
2024Q42024-10-293.9204.1703.92110,00310,21518
2024Q32024-07-184.1003.7524.1019,9669,61319
2024Q22024-04-183.5203.0683.5179,1078,14718
2024Q12024-01-232.8202.8672.8227,7267,56420
2023Q42023-11-074.4503.9384.44910,50410,01418
2023Q32023-07-203.9002.8223.9009,7268,30119
2023Q22023-04-202.7301.9322.7327,9736,45219
2023Q12023-01-242.7602.2492.7647,2586,37119

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY3.8103.9043.80916,06816,083
2019FY4.2904.1884.28917,59317,436
2020FY6.4105.9096.41220,31119,627
2021FY11.41011.09211.41627,77427,410
2022FY16.51016.91716.50933,48034,019
2023FY13.82013.32813.82435,46034,951
2024FY14.34014.64214.34436,80137,018
2025FY11.57011.81611.56934,25034,019
2026FY10.11010.44410.11033,04332,741
2027FY-8.570--31,085
2028FY-10.491--32,651
2029FY-12.027--33,704

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2027Q1S2026-11-0217076,0685,7756,317
2027Q1S2026-10-3015076,1615,7757,564
2027Q1S2026-10-2914066,2885,7757,564
2027Q1S2026-10-157047,1036,8547,564
2027Q1S2026-10-097047,1196,8547,564
2027Q1S2026-10-077037,2006,9177,564
2027Q1S2026-10-067027,2426,9177,564
2027Q1S2026-10-047027,2806,9177,628
2027Q1S2026-09-217247,2806,9177,628
2027Q1S2026-09-108257,2276,8557,628
2027Q1S2026-09-048257,2286,8557,639
2027Q1S2026-08-038257,2576,8557,793
2027Q1S2026-07-308257,3186,8558,126
2027Q1S2026-07-218347,3326,9178,126

Estimate history

EPS, annual3.8094.2896.41211.41616.50913.82414.34411.56910.11
Period201820192020202120222023202420252026
EPS, quarterly3.9212.6132.5813.363.0442.0282.2423.1982.67
PeriodQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Sales, annual1606817592.920311.127774.23348035460.436801.434250.433043.4
Period201820192020202120222023202420252026
Sales, quarterly10002.6761377349225.79677.86886.97558.19227.19371.3
PeriodQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Shares, annual376.262368.431364356.016343.953334.849324.027294.475271.436
Period201820192020202120222023202420252026
Shares, quarterly324.027317.652308.629298.945294.475290.498284.941280.73271.436
PeriodQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26

Income statement, annual

Currency USD, millions
MetricTTM2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY
Total Revenue33,043.4033,043.4034,250.4036,801.4035,460.4033,480.0027,774.2020,311.1017,592.90
Cost of Goods Sold Incl. D&A25,682.6025,682.7026,134.2027,266.0026,110.0022,975.9019,899.2015,373.2013,720.90
Gross Profit7,360.807,360.708,116.209,535.409,350.4010,504.107,875.004,937.903,872.00
Selling, General and Administrative Excl. Other3,659.503,748.603,418.903,421.503,109.102,795.702,483.801,983.401,817.20
Other Operating Expense--0.000.000.000.000.000.000.00
Operating Income3,701.303,612.104,697.306,113.906,241.307,708.405,391.202,954.502,054.80
Interest Expense--0.000.000.000.000.000.000.00
Unusual Expense--273.10178.00139.70138.0090.5064.4015.30
Net Income Before Taxes3,906.303,906.204,739.906,284.706,314.707,629.705,356.302,983.002,125.30
Income Taxes968.90968.801,119.001,478.701,519.501,734.101,165.10602.50506.70
Consolidated Net Income2,937.402,937.403,620.904,806.004,795.205,895.604,191.202,380.501,618.60
Net Income From Continuing Operations2,889.402,889.403,585.204,756.404,745.705,857.504,175.802,373.701,618.50
Net Income2,889.402,889.403,585.204,756.404,745.705,857.504,175.802,373.701,618.50
EPS (Recurring)--12.1914.7214.1116.7811.596.534.32
EPS (Basic, Before Extraordinaries)10.1710.1511.6214.4413.9316.6511.566.494.34
EPS (Diluted)10.1410.1111.5714.3413.8216.5111.426.414.29
EBITDA3,817.803,728.604,798.606,201.006,332.907,789.805,465.103,034.902,126.80
Non-Operating Income (Expense)294.10294.10315.70348.80213.1059.3055.6092.9085.80
Other After Tax Adjustments--0.000.000.000.000.000.000.00
Stock Option Compensation Expense--103.4993.3087.8583.0366.7256.7953.44
Price To Earnings Ratio14.5514.5513.5812.817.644.077.3411.7812.28
Price To Sales Ratio1.151.181.531.721.040.711.111.381.13
Gross Margin22.2822.2823.7025.9126.3731.3728.3524.3122.01
Operating Margin11.2010.9313.7116.6117.6023.0219.4114.5511.68
Net Margin8.748.7410.4712.9213.3817.5015.0311.699.20
Shares Outstanding271.44271.44294.48324.03334.85343.95356.02364.00368.43
Market Capitalization40,031.3840,031.3850,523.0762,198.6536,356.7823,402.8530,076.7127,506.8619,493.21

Income statement, quarterly

Currency USD, millions
Metric2026Q42026Q32026Q22026Q12025Q42025Q32025Q22025Q1
Total Revenue9,371.309,227.107,558.106,886.909,677.809,225.707,734.007,613.00
Cost of Goods Sold Incl. D&A7,454.707,080.905,854.805,292.207,581.107,016.505,833.805,702.80
Gross Profit1,916.602,146.201,703.301,594.702,096.702,209.201,900.201,910.20
Selling, General and Administrative Excl. Other989.00929.80903.30837.40840.30899.10841.40838.10
Other Operating Expense-0.000.000.000.000.000.000.00
Operating Income927.601,216.40800.00757.301,256.401,310.101,058.801,072.10
Interest Expense-0.000.000.000.000.000.000.00
Unusual Expense-61.400.0027.70130.6045.2057.3040.00
Net Income Before Taxes1,014.601,226.20867.40798.101,204.801,358.101,067.101,109.90
Income Taxes255.30307.50209.40196.70288.00325.00248.00258.00
Consolidated Net Income759.30918.70658.00601.40916.801,033.10819.10851.90
Net Income From Continuing Operations741.80904.90647.90594.80905.301,024.60810.40844.90
Net Income741.80904.90647.90594.80905.301,024.60810.40844.90
EPS (Recurring)-3.352.242.093.353.462.712.70
EPS (Basic, Before Extraordinaries)2.683.212.252.033.063.372.592.63
EPS (Diluted)2.673.202.242.033.043.362.582.61
EBITDA959.301,245.40828.10785.001,283.801,335.301,083.401,096.20
Non-Operating Income (Expense)87.0071.2067.4068.5079.0093.2065.6077.80
Other After Tax Adjustments-0.000.000.000.000.000.000.00
Stock Option Compensation Expense-24.8927.3332.7123.6220.4625.4433.97
Price To Earnings Ratio14.5515.2612.4612.4213.589.758.989.74
Price To Sales Ratio1.151.381.191.261.471.141.131.23
Gross Margin20.4523.2622.5423.1621.6723.9524.5725.09
Operating Margin9.9013.1810.5811.0012.9814.2013.6914.08
Net Margin7.929.818.578.649.3511.1110.4811.10
Shares Outstanding271.44280.73284.94290.50294.48298.95308.63317.65
Market Capitalization40,031.3846,189.5139,753.0542,065.5550,523.0739,601.7740,061.5944,858.31

Balance sheet, annual

Currency USD, millions
Metric2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Cash & Short Term Investments2,115.403,033.304,544.003,900.102,572.903,237.203,040.101,514.001,506.00
Short Term Receivables-458.90421.40426.90423.10321.70271.40218.00136.30
Inventories25,065.8025,287.3024,903.2022,373.3021,655.7016,479.1012,237.4011,282.0010,395.00
Other Current Assets2,570.00134.50117.9093.0077.4051.6046.0049.6036.90
Total Current Assets29,751.2028,914.0029,986.5026,793.3024,729.1020,089.6015,594.9013,063.6012,074.20
Net Property, Plant & Equipment633.50641.90582.40492.00518.20428.50476.50462.20401.10
Total Investments and Advances-2,657.702,596.102,675.802,763.902,045.201,802.201,137.10860.60
Intangible Assets163.50163.50163.50163.50163.50163.50163.50163.50109.20
Deferred Tax Assets0.00579.40550.80484.00453.00368.90311.80291.40281.50
Other Assets4,270.103,049.602,608.302,270.602,035.301,133.80730.30617.10475.50
Total Assets34,818.3036,006.1036,487.6032,879.2030,663.0024,229.5019,079.2015,734.9014,202.10
Short Term Debt Incl. Current Port. of LT Debt-794.20984.60297.60696.60896.001,540.401,906.501,636.10
Accounts Payable1,114.601,221.901,345.501,246.201,360.301,177.00900.50634.00624.70
Income Tax Payable-19.0027.70233.80110.9088.2042.6033.4035.20
Other Current Liabilities3,836.401,320.701,233.001,134.501,246.001,029.20608.30467.70408.90
Total Current Liabilities4,951.003,355.803,590.802,912.103,413.803,190.403,091.803,041.602,704.90
Long Term Debt6,053.905,236.904,986.404,845.005,418.204,553.402,779.901,492.901,567.40
Provision for Risks Charges-1,709.801,516.501,371.301,183.40953.80784.00682.00610.10
Deferred Tax Liabilities-534.90383.30296.80311.90213.60166.90128.3087.50
Other Liabilities0.00426.50186.20316.10550.10102.10135.1095.0073.30
Total Liabilities11,004.9011,263.9010,663.209,741.3010,877.409,013.306,957.705,439.805,043.20
Non-Equity Reserves-0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity23,109.5024,190.4025,312.8022,696.2019,396.3014,886.5011,840.0010,020.908,984.40
Total Shareholders Equity23,109.5024,190.4025,312.8022,696.2019,396.3014,886.5011,840.0010,020.908,984.40
Accumulated Minority Interest604.70551.80511.60441.70389.30329.70281.50274.20174.50
Total Equity23,714.2024,742.2025,824.4023,137.9019,785.6015,216.2012,121.5010,295.109,158.90
Total Liabilities & Stockholders Equity34,818.3036,006.1036,487.6032,879.2030,663.0024,229.5019,079.2015,734.9014,202.10
Book Value Per Share85.1482.1578.1267.7856.3941.8132.5327.2023.88
Tangible Book Value Per Share84.5481.5977.6167.2955.9241.3532.0826.7623.59
Full-Time Employees-14,34114,76613,45013,23711,7889,7168,9168,437
Price to Book Ratio1.732.112.531.681.192.012.331.941.85
Return on Assets8.169.8913.7114.9421.3419.2813.6410.8111.05
Return on Equity12.2214.4819.8122.5534.1731.2521.7217.0317.46
Return on Invested Capital9.9112.1815.7017.2323.6121.4816.2414.0613.84
Quick Ratio0.951.081.421.520.901.131.090.590.62
Current Ratio6.018.628.359.207.246.305.044.294.46

Cash flow, annual

Currency USD, millions
MetricTTM2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY
Net Income2,937.402,937.403,620.904,806.004,795.205,895.604,191.202,380.501,618.60
Depreciation116.50116.50101.3087.1091.6081.4073.9080.4072.00
Other Funds (Non Cash)333.60333.60289.10196.90191.50175.50131.3051.6084.20
Funds from Operations3,531.403,531.404,134.505,109.005,032.406,181.604,386.402,526.601,794.90
Extraordinary Item--0.000.000.000.000.000.000.00
Changes in Working Capital-24.20-24.20-713.60-2,919.20-728.30-5,619.80-3,852.00-1,105.00-902.80
Cash from Operating Activities3,507.203,507.203,420.902,189.804,304.10561.80534.401,421.60892.10
Capital Expenditures-160.40-160.40-137.40-165.30-148.60-148.20-267.40-286.80-224.10
Net Assets From Acquisitions-124.10-124.10-53.10-40.40-212.90-271.50-24.50-9.70-315.80
Sale of Fixed Assets and Businesses0.000.0022.9019.4052.000.0037.60129.80143.80
Purchase or Sale of Investments--0.000.000.000.000.004.304.40
Purchase of Investments--0.000.000.000.00-0.000.00
Sale Or Maturity of Investments--0.000.000.000.000.004.304.40
Other Uses-27.30-27.30-1.10-4.30-0.700.000.00-3.70-2.30
Other Sources--0.000.000.004.802.100.000.00
Cash from Investing Activities-311.80-311.80-168.70-190.60-310.20-414.90-252.20-166.10-394.00
Cash Dividends Paid-513.30-513.30-494.80-395.20-341.20-316.50-289.30-256.00-223.40
Change in Capital Stock-3,505.50-3,505.50-4,263.10-1,747.20-1,153.00-1,096.60-792.20-337.00-336.40
Repurchase of Common Pref Stock-3,523.80-3,523.80-4,281.60-1,787.50-1,178.50-1,131.50-848.40-360.40-479.80
Sale of Common Pref Stock18.3018.3018.5040.3025.5034.9056.2023.40143.40
Proceedsfrom Stock Options0.000.000.000.000.000.0033.500.00100.70
Issuance or Reduction of Debt, Net8.808.803.70894.70-1,061.60572.501,077.30906.9093.30
Change in Long Term Debt8.808.803.70894.70-1,061.60572.501,077.30906.9093.30
Issuance of Long Term Debt5,423.605,423.603,272.002,086.30762.304,373.701,903.602,589.802,779.40
Reduction of Long Term Debt-5,414.80-5,414.80-3,268.30-1,191.60-1,823.90-3,801.20-826.30-1,682.90-2,686.10
Net Financing Active Other Cash Flow-103.30-103.30-8.70-107.60-110.9029.40-80.90-43.30-23.60
Other Financing Activities Uses-103.30-103.30-8.70-107.60-110.90-62.00-80.90-43.30-23.60
Cash from Financing Activities-4,113.30-4,113.30-4,762.90-1,355.30-2,666.70-811.20-85.10270.60-490.10
Net Change in Cash-917.90-917.90-1,510.70643.901,327.20-664.30197.101,526.108.00
Free Cash Flow3,346.803,346.803,283.502,024.504,155.50413.60267.001,134.80668.00
Preferred Dividends (Cash Flow)--0.000.000.000.000.000.000.00
Price to Free Cash Flow13.4013.7818.8338.839.67246.09-31.8644.74
Deferred Taxes & Investment Tax Credit-143.90123.2019.00-45.9029.10-10.0014.1020.10

Balance sheet, quarterly

Currency USD, millions
Metric2026Q42026Q32026Q22026Q12025Q42025Q3
Cash & Short Term Investments2,115.402,134.901,974.202,553.003,033.302,664.90
Short Term Receivables-421.20430.40438.10458.90418.40
Inventories25,065.8026,686.9026,303.8025,606.0025,287.3026,726.10
Other Current Assets2,570.00128.60147.90141.60134.50106.80
Total Current Assets29,751.2029,371.6028,856.3028,738.7028,914.0029,916.20
Net Property, Plant & Equipment633.50674.70660.20648.20641.90610.10
Total Investments and Advances-3,058.202,741.101,946.302,657.702,884.80
Intangible Assets163.50199.30163.50163.50163.50163.50
Deferred Tax Assets-0.000.0025.00579.4066.50
Other Assets4,270.103,207.503,145.803,117.903,049.602,754.80
Total Assets34,818.3036,511.3035,566.9034,639.6036,006.1036,395.90
Short Term Debt Incl. Current Port. of LT Debt--664.400.00794.20298.50
Accounts Payable1,114.601,388.401,323.501,026.001,221.901,388.80
Income Tax Payable-73.3016.20193.5019.0054.00
Other Current Liabilities3,836.401,348.001,299.501,191.301,320.701,259.90
Total Current Liabilities4,951.002,809.703,303.602,410.803,355.803,001.20
Long Term Debt6,053.907,183.905,969.405,616.205,236.907,003.30
Provision for Risks Charges-1,689.801,683.201,683.601,709.801,600.80
Deferred Tax Liabilities-43.408.40-534.90-
Other Liabilities0.00378.00403.30373.60426.50197.60
Total Liabilities11,004.9012,104.8011,367.9010,084.2011,263.9011,802.90
Non-Equity Reserves-0.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity23,109.5023,819.5023,625.8023,995.5024,190.4024,052.90
Total Shareholders Equity23,109.5023,819.5023,625.8023,995.5024,190.4024,052.90
Accumulated Minority Interest604.70587.00573.20559.90551.80540.10
Total Equity23,714.2024,406.5024,199.0024,555.4024,742.2024,593.00
Total Liabilities & Stockholders Equity34,818.3036,511.3035,566.9034,639.6036,006.1036,395.90
Book Value Per Share85.1484.8582.9182.6082.1580.46
Tangible Book Value Per Share84.5484.1482.3482.0481.5979.91
Full-Time Employees----14,341-
Price to Book Ratio1.731.961.661.752.111.64
Return on Assets8.168.378.909.579.8911.08
Return on Equity12.2212.7513.2313.6314.4816.27
Return on Invested Capital2.542.922.192.013.083.30
Quick Ratio0.950.960.771.301.081.06
Current Ratio6.0110.458.7311.928.629.97

Cash flow, quarterly

Currency USD, millions
Metric2026Q42026Q32026Q22026Q12025Q42025Q3
Net Income759.30918.70658.00601.40916.801,033.10
Depreciation31.7029.0028.1027.7027.4025.20
Other Funds (Non Cash)160.9053.3066.8052.6087.2080.10
Funds from Operations1,007.801,035.90786.50701.201,053.401,146.50
Extraordinary Item-0.000.000.000.000.00
Changes in Working Capital1,618.60-596.60-1,199.00152.801,418.40-407.90
Cash from Operating Activities2,626.40439.30-412.50854.002,471.80738.60
Capital Expenditures-53.80-42.00-37.20-27.40-43.80-46.00
Net Assets From Acquisitions-36.200.00-5.80-82.100.000.00
Sale of Fixed Assets and Businesses0.000.000.000.004.5018.40
Purchase or Sale of Investments-0.000.000.000.000.00
Purchase of Investments-0.000.000.000.000.00
Sale Or Maturity of Investments-0.000.000.000.000.00
Other Uses-8.30-11.10-1.20-6.70-1.100.00
Other Sources-0.000.000.00-4.80-1.40
Cash from Investing Activities-98.30-53.10-44.20-116.20-45.20-29.00
Cash Dividends Paid-125.00-127.10-129.70-131.50-118.40-122.40
Preferred Dividends (Cash Flow)-0.000.000.000.000.00
Change in Capital Stock-1,305.00-609.60-941.70-649.20-695.30-1,168.40
Repurchase of Common Pref Stock-1,314.40-609.60-950.60-649.20-705.30-1,168.40
Sale of Common Pref Stock9.400.008.900.0010.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,101.20536.901,002.30-429.20-1,287.60721.80
Change in Long Term Debt-1,101.20536.901,002.30-429.20-1,287.60721.80
Issuance of Long Term Debt1,523.702,435.001,159.90305.0089.60960.40
Reduction of Long Term Debt-2,624.90-1,898.10-157.60-734.20-1,377.20-238.60
Net Financing Active Other Cash Flow-16.40-25.70-53.00-8.2043.106.20
Other Financing Activities Uses-16.40-25.70-53.00-8.2043.106.20
Cash from Financing Activities-2,547.60-225.50-122.10-1,218.10-2,058.20-562.80
Net Change in Cash-19.50160.70-578.80-480.30368.40146.80
Free Cash Flow2,572.60397.30-449.70826.602,428.00692.60
Price to Free Cash Flow13.4017.1013.2414.1818.0717.01

Revenue breakdown

Financial Services2025: 841.20M
Home Building2025: 31.43B
Land2025: 336.80M
Rental2025: 1.64B
Consolidation, Policy2025: 2.73B
East2025: 6.14B
North2025: 4.23B
Northwest2025: 2.69B
South Central2025: 6.90B
Southeast2025: 6.97B
Southwest2025: 4.60B
Eliminations and Other2025: -1.41B
Financial Services2025: 841.20M
Forestar Group2025: 1.66B
Home Building2025: 31.52B
Rental2025: 1.64B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-304.89%11.9M243.2M2.65M
2026-10-154.98%12.5M250.6M2.64M
2026-09-304.34%10.9M250.6M2.45M
2026-09-153.95%9.9M250.6M2.32M
2026-08-314.03%10.1M250.6M2.27M
2026-08-143.89%9.7M250.6M2.42M
2026-07-314.23%10.5M248.8M2.43M
2026-07-154.79%12.1M252.3M2.36M
2026-06-304.39%11.1M252.3M2.44M
2026-06-154.70%11.9M252.2M2.52M
2026-05-295.10%12.9M252.3M2.62M
2026-05-155.59%14.1M252.3M2.57M
2026-04-305.43%13.7M252.9M2.77M
2026-04-155.97%15.4M258.4M2.91M
2026-03-316.28%16.2M258.4M3.14M
2026-03-136.40%16.5M258.4M3.07M
2026-02-276.62%17.1M258.4M3.14M
2026-02-136.08%15.7M258.4M3.29M
2026-01-305.91%15.3M258.7M3.16M
2026-01-155.76%14.9M258.7M3.13M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call70.0075.9079.300.007.4240.000.000.996-0.1250.001
call75.0070.9074.300.006.8330.000.000.996-0.1250.001
call80.0065.9069.300.006.2800.000.000.996-0.1240.001
call85.0060.9064.300.005.7590.000.000.995-0.1230.001
call90.0055.9059.300.005.2660.000.000.995-0.1220.002
call95.0050.9054.300.004.7980.000.000.994-0.1210.002
call10045.9049.300.004.3500.000.000.994-0.1190.002
call10540.9044.300.003.9190.000.000.993-0.1180.002
call10837.9041.300.003.6690.000.000.992-0.1160.002
call10936.9040.300.003.5860.000.000.992-0.1160.002
call11035.9039.300.003.5040.000.000.992-0.1160.002
call11134.9038.300.003.4220.000.000.992-0.1150.002
call11233.9037.300.003.3410.000.000.992-0.1150.002
call11332.9036.300.003.2610.000.000.991-0.1140.002
call11431.9035.300.003.1800.000.000.991-0.1140.002
call11530.9034.300.003.1010.000.000.991-0.1130.003
call11629.9033.300.003.0210.000.000.991-0.1130.003
call11728.9032.300.002.9420.000.000.990-0.1120.003
call11827.9031.300.002.8630.000.000.990-0.1120.003
call11926.9030.300.002.7850.000.000.990-0.1110.003
call12025.9029.300.002.7070.000.000.989-0.1110.003
call12124.9028.300.002.6290.000.000.989-0.1100.003
call12223.9027.300.002.5510.000.000.989-0.1090.003
call12322.9026.300.002.4730.000.000.988-0.1090.003
call12421.9025.300.002.3960.000.000.988-0.1080.003
call12520.9024.300.002.3190.000.000.987-0.1070.003
call12619.9023.300.002.2420.000.000.987-0.1060.004
call12718.9022.300.002.1650.000.000.986-0.1060.004
call12817.9021.300.002.0880.000.000.986-0.1050.004
call12916.9020.300.002.0110.000.000.985-0.1040.004
call13015.9019.300.001.9330.000.000.984-0.1030.004
call13114.9018.300.001.8560.000.000.983-0.1020.004
call13213.9017.300.001.7790.000.000.983-0.1010.004
call13312.9016.300.001.7010.000.000.980-0.1060.005
call13411.9015.300.001.6230.000.000.974-0.1300.006
call13510.9014.300.001.5450.000.000.967-0.1550.008
call1369.9012.508.151.1741.000.000.930-0.3130.014
call1378.9012.307.501.3861.000.000.910-0.3740.017
call1388.1010.506.901.0313.000.000.912-0.3320.017
call1397.109.400.000.9220.000.000.868-0.4740.022
call1406.209.304.001.1434.000.000.829-0.5840.027
call1415.607.3013.260.7432.000.000.809-0.5880.028
call1424.506.608.220.76610.000.000.783-0.5980.031
call1433.405.508.430.6575.000.000.761-0.5650.032
call1443.105.003.480.7157.001.000.680-0.7810.037
call1451.954.304.080.70126.0010.000.643-0.7470.039
call1461.803.102.190.55214.002.000.593-0.7400.041
call1471.502.351.590.5425.007.000.539-0.6780.041
call1480.852.501.440.6601.002.000.484-0.8560.042
call1490.552.001.090.6433.001.000.431-0.8190.041
call1500.351.250.850.55913.0020.000.376-0.7630.040
call152.50.050.950.350.65313.008.000.282-0.7570.035
call1550.050.450.270.6301218.000.187-0.5890.028
call157.50.001.100.540.76558.000.000.147-0.5660.024
call1600.001.000.330.8911956.000.116-0.5230.020
call162.50.001.100.051.01122.001.000.094-0.4830.017
call1650.001.100.421.1265.000.000.086-0.5040.016
call167.50.001.100.051.2028.000.000.074-0.4780.015
call1700.001.100.571.3075.000.000.069-0.4930.014
call172.50.001.100.001.4090.000.000.065-0.5060.013
call1750.001.100.051.5088.000.000.061-0.5190.013
call177.50.001.100.051.6031.000.000.058-0.5300.012
call1800.001.100.001.7000.000.000.055-0.5430.012
call1850.001.100.001.8760.000.000.051-0.5600.011
call1900.001.100.002.0480.000.000.047-0.5770.010
call1950.001.100.002.2160.000.000.045-0.5940.010
call2000.000.050.111.3560.000.000.009-0.0750.003
call2050.001.100.001.8780.000.000.008-0.1180.002
call2100.001.100.001.9960.000.000.008-0.1190.002
put70.000.000.050.054.0231.000.00-0.004-0.1180.001
put75.000.001.100.103.7631.000.00-0.004-0.1220.001
put80.000.001.100.003.4290.000.00-0.004-0.1200.001
put85.000.001.100.003.1150.000.00-0.005-0.1190.001
put90.000.001.100.002.8180.000.00-0.005-0.1170.002
put95.000.001.100.002.5350.000.00-0.006-0.1150.002
put1000.000.050.001.8940.000.00-0.006-0.0750.002
put1050.001.100.972.0085.000.00-0.007-0.1110.002
put1080.001.100.001.8540.000.00-0.008-0.1090.002
put1090.001.100.001.8080.000.00-0.008-0.1090.002
put1100.001.100.181.7565.000.00-0.008-0.1080.002
put1110.001.100.001.7080.000.00-0.008-0.1080.002
put1120.001.100.001.6630.000.00-0.008-0.1080.002
put1130.001.100.001.6150.000.00-0.009-0.1070.002
put1140.001.100.001.5670.000.00-0.009-0.1070.002
put1150.000.051.001.87122.000.00-0.035-0.3870.009
put1160.001.100.001.4700.000.00-0.009-0.1050.003
put1170.001.100.001.4240.000.00-0.010-0.1040.003
put1180.001.100.001.3770.000.00-0.010-0.1040.003
put1190.001.101.061.3322.000.00-0.010-0.1030.003
put1200.000.051.091.66556.000.00-0.040-0.4000.009
put1210.001.100.751.2411.000.00-0.011-0.1020.003
put1220.001.102.321.1951.000.00-0.011-0.1010.003
put1230.001.101.121.1502.000.00-0.012-0.1000.003
put1240.001.100.871.1053.000.00-0.012-0.0990.003
put1250.001.100.201.06027.006.00-0.013-0.0990.003
put1260.001.100.291.0157.000.00-0.013-0.0980.004
put1270.001.101.550.9714.000.00-0.014-0.0970.004
put1280.001.102.550.9250.000.00-0.014-0.0960.004
put1290.001.100.130.88110.000.00-0.015-0.0950.004
put1300.001.100.500.8385.000.00-0.016-0.0940.004
put1310.001.101.160.7941.000.00-0.016-0.0930.004
put1320.001.100.060.7497.000.00-0.017-0.0910.004
put1330.001.151.020.7065.000.00-0.020-0.0970.005
put1340.000.400.010.66223.000.00-0.026-0.1200.006
put1350.000.052.000.7957.000.00-0.068-0.3180.014
put1360.001.302.410.7421.000.00-0.073-0.3180.015
put1370.000.750.100.6894.003.00-0.090-0.3640.017
put1380.000.200.190.6369.000.00-0.088-0.3220.017
put1390.050.450.350.7225.001.00-0.132-0.4640.022
put1400.050.500.350.68221.006.00-0.171-0.5740.027
put1410.051.100.500.7492.000.00-0.191-0.5780.028
put1420.100.850.550.67663.001.00-0.217-0.5870.031
put1430.350.900.730.61711.001.00-0.239-0.5540.032
put1440.351.900.700.78716.000.00-0.319-0.7700.037
put1450.801.800.950.69489.000.00-0.357-0.7370.039
put1460.552.701.160.7557.000.00-0.406-0.7290.041
put1471.052.452.000.64430.004.00-0.461-0.6670.041
put1481.603.802.290.8454.000.00-0.516-0.8450.042
put1492.304.302.450.8317.000.00-0.569-0.8080.041
put1503.005.203.500.90427.000.00-0.624-0.7520.040
put152.54.007.401.401.04733.000.00-0.718-0.7450.035
put1556.309.706.611.1876.000.00-0.813-0.5770.028
put157.58.8012.203.331.36422.000.00-0.853-0.5540.024
put16011.2014.607.501.4984.000.00-0.884-0.5100.020
put162.513.7017.100.001.6540.000.00-0.906-0.4710.017
put16516.9019.600.001.8020.000.00-0.914-0.4910.016
put167.518.7022.100.001.9430.000.00-0.920-0.5100.015
put17021.2024.600.002.0790.000.00-0.926-0.5260.015
put172.523.7027.100.002.2110.000.00-0.930-0.5410.014
put17526.2029.600.002.3370.000.00-0.934-0.5540.013
put177.528.7032.600.002.6810.000.00-0.937-0.5670.013
put18031.9034.600.002.5790.000.00-0.945-0.5280.012
put18536.2039.600.002.8060.000.00-0.949-0.5460.011
put19041.2044.600.003.0240.000.00-0.952-0.5630.010
put19546.2049.600.003.2290.000.00-0.955-0.5770.010
put20051.2054.600.003.4260.000.00-0.991-0.0990.002
put20556.2059.600.003.6150.000.00-0.992-0.1000.002
put21061.2064.600.003.7970.000.00-0.992-0.1010.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-094Statement of changes in beneficial ownership of securities2026-11-08SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-08SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-08SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-293Initial statement of beneficial ownership of securities2026-10-22SEC
2026-10-268-KCurrent report2026-10-22SEC
2026-09-158-KCurrent report2026-09-15SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-26SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-26SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-26SEC
2026-08-10SCHEDULE 13G/ASEC
2026-07-27SCHEDULE 13G/ASEC
2026-07-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-218-KCurrent report2026-07-21SEC
2026-05-128-KCurrent report2026-05-06SEC
2026-04-29SCHEDULE 13GSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020043.56K1
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Capital World Investors13.15%
BlackRock, Inc.8.81%
VANGUARD CAPITAL MANAGEMENT LLC5.97%
VANGUARD PORTFOLIO MANAGEMENT LLC4.37%
STATE STREET CORP4.26%
GEODE CAPITAL MANAGEMENT, LLC2.54%
Capital Research Global Investors2.01%
FMR LLC1.82%
GREENHAVEN ASSOCIATES INC1.34%
MORGAN STANLEY1.30%

Funds

Fund% owned
Dimensional Short-Duration Fixed Income ETF6.70%
Loomis Sayles Investment Grade Bond Fund6.51%
Growth Fund of America4.80%
Invesco BulletShares 2026 Corporate Bond ETF3.74%
American Balanced Fund3.53%
iShares iBonds Dec 2026 Term Corporate ETF3.06%
Washington Mutual Investors Fund3.05%
iShares 5-10 Year Investment Grade Corporate Bond ETF2.18%
DFA Short-Duration Real Return Portfolio2.15%
PIMCO Short Asset Portfolio2.12%

OakChart. DHI. Cached 15 minutes.