DHIHORTON D R INC /DE/
Operative Builders
- Revenue
- $34.3B
- 6.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $41.0B
- Employees
- 14,341
- $2M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.7
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo95% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowYes140% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$2M · 50th pctBottom quartile of its SIC industry
- Quiet on AINo0.7 per 10K words · 27th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$41.0B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$44K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $27.8B | $33.5B | $35.5B | $36.8B | $34.3B | 6.9% |
| Net income | $4.2B | $5.9B | $4.7B | $4.8B | $3.6B | 25% |
| Operating cash flow | $534M | $562M | $4.3B | $2.2B | $3.4B | 56% |
| Capex | $94M | $148M | $149M | $165M | $137M | 17% |
| Stock-based comp | $91M | $105M | $111M | $118M | $131M | 11% |
| Buybacks | $874M | $1.1B | $1.2B | $1.8B | $4.3B | 139% |
| Dividends | $289M | $317M | $341M | $395M | $495M | 25% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Oct 13, 2020 | HORTON DONALD R | SC 13D/A | 0.2% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $44K · 1
- Net
- −$44K
Pay vs performance
No pay-versus-performance disclosure yet.