HORTON D R INC /DE/(DHI)— Stock Profile, AI Score & Financials
Industrials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
HORTON D R INC /DE/ (DHI) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores DHI at 53.6/100 on a 32-signal composite quality model, placing it at rank #1,378 of 2,961 stocks — the top half of the AI-ranked universe. DHI scores in the top quartile across revenue scale (95.4), balance sheet strength (81.8). Areas of concern include revenue growth (14.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), HORTON D R INC /DE/ reports quarterly revenue of $9.2B, net income of $904.9M, an operating margin of 13.3%. Top institutional holders of DHI by reported 13-F value include Capital World Investors, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. DHI trades on the NYSE exchange and files with the SEC under CIK 882184. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DHI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HORTON D R INC /DE/ directly from SEC EDGAR.
AI Quality Score
53.6/100
AI Rank
#1,378
Revenue
$9.2B
Net Income
$904.9M
Free Cash Flow
$397.3M
Operating Margin
13.3%
DHI key financials by period
HORTON D R INC /DE/ reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$34.3B
$3.6B
13.8%
FY 2024
10-K
$36.8B
$4.8B
17.1%
FY 2023
10-K
$35.5B
$4.7B
17.8%
FY 2022
10-K
$33.5B
$5.9B
22.8%
FY 2021
10-K
$27.8B
$4.2B
19.3%
FY 2020
10-K
$20.3B
$2.4B
14.7%
Institutions holding DHI
Institutional investors reporting a position in HORTON D R INC /DE/ on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-23 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
D.R. Horton Q3 revenue essentially flat at $9.2B, but pre-tax income fell 10% to $1.2B as home sales gross margin declined 110 bps to 20.7% due to higher costs and lower pricing.
Biggest Revenue Drivers
Homebuilding home sales$8.7B+1% YoY
23,983 homes closed at $362,000 average price; homes closed volume increased 4% but offset by 2% decline in average selling price.
Financial services$220.7M-3% YoY
Mortgage loan originations and title premiums; decreased due to reduced profit margin on loans sold.
Biggest Revenue Drivers
Total revenue: $9.2Bflat YoY
Homebuilding home sales$8.7B+1% YoY
23,983 homes closed at $362,000 average price; homes closed volume increased 4% but offset by 2% decline in average selling price.
Financial services$220.7M-3% YoY
Mortgage loan originations and title premiums; decreased due to reduced profit margin on loans sold.
Rental$266.1M-30% YoY
Single-family and multi-family rental property sales; 940 homes/units closed vs. 1,393 prior year.
Forestar$407.0M+4% YoY
Lot and tract acre sales; 3,659 lots sold including 3,370 to D.R. Horton; includes $8.3M tract acre revenue.
Largest Expense Items
Cost of home sales$6.8BN/A
Gross margin on home sales declined 110 bps to 20.7% due to higher average home costs and lower average selling prices.
Selling, general and administrative$991.2MN/A
Homebuilding SG&A was 8.3% of revenues vs. 7.8% prior year; employee compensation represented 78% of SG&A.
Interest incurred$43.3M+40% YoY
Homebuilding operations; increase due to higher weighted average interest rates and 26% higher average debt.
Margins: Home sales gross margin declined 110 bps to 20.7% primarily due to average home costs increasing while average selling prices fell, reflecting affordability challenges and elevated sales incentives. Pre-tax operating margin fell from 14.7% to 13.3% as SG&A leverage deteriorated with flat revenues.
Watch Items from the Filing
Home sales gross margin compressed 110 bps YoY to 20.7% on lower average selling prices and higher construction costs; company expects elevated sales incentives to persist into FY2027.
Homebuilding pre-tax income fell 10% to $1.1B despite 4% increase in closings; all six geographic regions posted YoY pre-tax income declines, with Northwest down 41%.
Rental segment revenues plunged 30% YoY to $266M with single-family closings down 44%; pre-tax income fell 43% to $31M.
Construction defect legal reserves remained stable at $1.1B; approximately 99% of reserves relate to construction defect matters; company notified of 225 new claims in nine-month period.
Debt to total capital increased to 23.0% from 19.8% nine months prior; net debt to total capital at 17.4% vs. 11.0% at year-end, reflecting increased borrowing for inventory build.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
