| Market Capitalization (Millions $) |
40,403 |
| Shares
Outstanding (Millions) |
323 |
| Employees |
9,429 |
| Revenues (TTM) (Millions $) |
36,688 |
| Net Income (TTM) (Millions $) |
4,702 |
| Cash Flow (TTM) (Millions $) |
-276 |
| Capital Exp. (TTM) (Millions $) |
131 |
D R Horton Inc
D.R. Horton, Inc. is one of the largest national homebuilding companies in the United States, primarily focused on constructing and selling high-quality single-family homes. The company caters primarily to first-time and move-up homebuyers and operates across 21 states and 63 metropolitan markets. It is widely recognized under the brand D.R. Horton, America's Builderand is listed as a Fortune 500 company on the New York Stock Exchange with the ticker symbol DHI.
Founded by Donald R. Horton in 1978, the company was incorporated in Delaware in 1991 and completed its initial public offering in 1992. D.R. Horton has consistently grown its operations by reinvesting available capital into both established homebuilding markets and new opportunities. Over the years, the company has acquired various regional homebuilding companies to enhance market position and offerings. D.R. Horton constructs homes ranging in size from approximately 1,000 to 5,000 square feet, with price points typically between $80,000 and $900,000.
In addition to homebuilding, D.R. Horton has financial services operations through its wholly-owned subsidiary, DHI Mortgage, which provides mortgage financing services tailored to homebuyers of its properties. The company also operates title service subsidiaries that facilitate title insurance and closing services.
D.R. Horton categorizes its business into two main segments: homebuilding and financial services. The homebuilding segment generates most of its revenue from sales of completed homes, with additional revenue from land sales. The company builds a variety of housing types, including single-family detached homes, townhomes, and multi-family units.
The company implements a diversification strategy to reduce exposure to local economic fluctuations and identify growth opportunities. This strategy involves careful evaluation of potential markets based on factors like job growth, land availability, and local sales activity before committing capital.
Each operating division within D.R. Horton is responsible for comprehensive tasks, including site selection, land development, architecture, construction oversight, and marketing strategies. The company conducts thorough due diligence when acquiring land, including feasibility studies and obtaining necessary governmental entitlements.
D.R. Horton primarily relies on subcontractors for construction, ensuring that each home meets quality and compliance standards. Homes are typically completed within four to six months, and the company offers warranties on workmanship, building materials, and structural defects.
The homebuilding industry is intensely competitive, with D.R. Horton competing against numerous national and local builders. The companys competitive edge lies in its ability to provide high-quality homes at varying price points, along with favorable financing options and desirable locations.
Company Address: 1341 Horton Circle Arlington 76011 TX
Company Phone Number: 390-8200 Stock Exchange / Ticker: NYSE DHI
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