Consumer Cyclical · NYSE/NASDAQ: DHI
HORTON D R INC /DE/
Residential Construction
Market Cap $43.98B
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
87/100
Management Credibility
92/100
Governance
92/100
Cash Flow Quality
78/100
AI Summary
D.R. Horton (DHI) has demonstrated remarkable scale expansion over the last decade, evolving into the premier volume homebuilder in the United States. The company successfully navigated the transition from a mid-cap builder to a dominant industry leader, reflected in the massive revenue inflections observed between 2020 and 2022. While the 2024-2025 period shows some cyclical softening due to interest rate environments, the structural efficiency of their 'express' model remains a core differentiator. Asset growth from $11.56B in 2016 to over $35B in 2025 highlights a decade of aggressive but…
Top Opportunities
- Consistent positive operating cash flows
- Aggressive revenue scaling since 2021
- Strong equity build-up (Net worth > 24B)
Top Risks
- Highly cyclical industry sensitivity
- Net income decline in FY 2024 and 2025
- Poor cash conversion in 2021/2022
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