PerpEquities

Equity

D.R. Horton, Inc. (DHI) perpetual futures

DHI perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade DHIUSDT.

D.R. Horton is a US residential construction company that acquires and prepares land and builds and sells detached and attached homes across 31 states, also offering mortgage financing and title services.

$144.65-2.7%NYSE open
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TradingView symbol NYSE:DHI

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Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$17.5K
Open interest
$20.2K
Best liquidity
$66.4K
MEXC
Tightest spread
+11.8 bps
MEXC
Highest volume
$17.5K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $853.4M
OI / float
0.00%
Float $36.2B
Spot performance
1D-2.73%
5D-2.26%
1M+2.58%
6M-5.70%
YTD-0.72%
1Y-3.57%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeDHI/USDTTrading$144.65+3.5% APR
+0.00320% every 8h
+11.8 bps$66.4K$17.5K$20.2KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +19.9 bps

Cheapest execution: MEXC · +19.9 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

DHI

Tightest spread

DHI

Highest volume

DHI

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 17m ago
Market cap
$40.6B
Updated 17m ago
Revenue
$33.3B
Trailing 12 months
Revenue growth
-2%
Next fiscal year
Profit margin
+9.2%
P/E
13.8
Peer P/E 15.0
Free cash flow
$3.3B
Trailing 12 months
More metrics
Net income
$3.1B
Trailing 12 months
P/S
1.2
Peer P/E
15.0
Similar listed perps
Revenue estimate
$33.7B
Next fiscal year
Earnings
2026-10-29
Revenue est. $9.1B · Updated 17m ago
Dividend
$0.45
2026-08-06

Fundamental detail

Annual + quarterly
Latest revenue$34.3B
Net margin+10.5%
Free cash flow$3.3B
Net debt$3B
2020$20.3B
2021$27.8B
2022$33.5B
2023$35.5B
2024$36.8B
2025$34.3B
PeriodRevenueGrowthNet incomeFCF
2020$20.3B+15%$2.4B$1.1B
2021$27.8B+37%$4.2B$267M
2022$33.5B+21%$5.9B$413.6M
2023$35.5B+6%$4.7B$4.2B
2024$36.8B+4%$4.8B$2B
2025$34.3B-7%$3.6B$3.3B
PeriodGross marginOperating marginNet marginROEROA
2020+24.3%+14.5%+11.7%+20.0%+12.6%
2021+28.4%+19.4%+15.0%+28.1%+17.4%
2022+31.4%+23.0%+17.5%+30.2%+19.3%
2023+26.4%+17.6%+13.4%+20.9%+14.6%
2024+25.9%+16.6%+12.9%+18.8%+13.2%
2025+23.7%+12.9%+10.5%+14.8%+10.1%
PeriodCashDebtNet debtCurrent ratio
2020$3B$4.3B$1.3B14.71
2021$3.2B$5.4B$2.2B12.87
2022$2.5B$6.1B$3.6B13.13
2023$3.9B$5.1B$1.3B14.96
2024$4.5B$6B$1.5B17.06
2025$3B$6B$3B17.39
PeriodMarket capEnterprise valueP/SP/E
2020$27.6B$28.9B1.411.7
2021$30.3B$32.6B1.17.3
2022$23.7B$27.3B0.74.0
2023$36.6B$37.9B1.07.7
2024$62.9B$64.3B1.713.2
2025$52.3B$55.3B1.514.6
Q4 2024$10B
Q1 2025$7.6B
Q2 2025$7.7B
Q3 2025$9.2B
Q4 2025$9.7B
Q1 2026$6.9B
Q2 2026$7.6B
Q3 2026$9.2B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$10B-5%$1.3B$1.9B
Q1 2025$7.6B-1%$844.9M$633.4M
Q2 2025$7.7B-15%$810.4M-$470.5M
Q3 2025$9.2B-7%$1B$692.6M
Q4 2025$9.7B-3%$905.3M$2.4B
Q1 2026$6.9B-10%$594.8M$826.6M
Q2 2026$7.6B-2%$647.9M-$449.7M
Q3 2026$9.2B0%$904.9M$503.9M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+25.5%+16.6%+12.8%+5.1%+3.6%
Q1 2025+25.1%+13.6%+11.1%+3.4%+2.4%
Q2 2025+24.6%+12.9%+10.5%+3.3%+2.3%
Q3 2025+23.9%+13.7%+11.1%+4.3%+2.8%
Q4 2025+21.7%+11.6%+9.4%+3.7%+2.6%
Q1 2026+23.2%+10.6%+8.6%+2.5%+1.7%
Q2 2026+22.5%+10.6%+8.6%+2.7%+1.8%
Q3 2026+23.3%+13.3%+9.8%+3.8%+2.5%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$4.5B$6B$1.5B17.06
Q1 2025$3.1B$5.2B$2.1B15.13
Q2 2025$2.5B$6.6B$4.1B17.19
Q3 2025$2.6B$7.3B$4.7B16.41
Q4 2025$3B$6B$3B17.39
Q1 2026$2.5B$5.6B$3.1B12.64
Q2 2026$1.9B$6.6B$4.7B11.66
Q3 2026$2.1B$7.2B$5.1B9.84
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$62B$63.5B6.212.1
Q1 2025$45B$47.1B5.913.3
Q2 2025$39.7B$43.8B5.112.3
Q3 2025$38.2B$42.9B4.19.6
Q4 2025$50.2B$53.2B5.213.8
Q1 2026$42.1B$45.2B6.117.7
Q2 2026$39.5B$44.2B5.215.2
Q3 2026$46.8B$51.9B5.112.8

Refreshed 17m ago

Charts: revenue, profit, cash flow & valuation
Revenue$9.2BQ3 2026
$2.6B$5.3B$7.9B$10.5BQ4 2023: $10.5BQ1 2024: $7.7BQ2 2024: $9.1BQ3 2024: $10BQ4 2024: $10BQ1 2025: $7.6BQ2 2025: $7.7BQ3 2025: $9.2BQ4 2025: $9.7BQ1 2026: $6.9BQ2 2026: $7.6BQ3 2026: $9.2BQ4 2023Q3 2026
Net income$904.9MQ3 2026
$377.4M$754.9M$1.1B$1.5BQ4 2023: $1.5BQ1 2024: $947.4MQ2 2024: $1.2BQ3 2024: $1.4BQ4 2024: $1.3BQ1 2025: $844.9MQ2 2025: $810.4MQ3 2025: $1BQ4 2025: $905.3MQ1 2026: $594.8MQ2 2026: $647.9MQ3 2026: $904.9MQ4 2023Q3 2026
EBITDA$1.3BQ3 2026
$509.9M$1B$1.5B$2BQ4 2023: $2BQ1 2024: $1.3BQ2 2024: $1.5BQ3 2024: $1.8BQ4 2024: $1.7BQ1 2025: $1.1BQ2 2025: $1.1BQ3 2025: $1.4BQ4 2025: $1.2BQ1 2026: $857.1MQ2 2026: $760.7MQ3 2026: $1.3BQ4 2023Q3 2026
Free cash flow$503.9MQ3 2026
$254.1M$978.8M$1.7B$2.4BQ4 2023: $2BQ1 2024: -$201MQ2 2024: -$340.4MQ3 2024: $636.3MQ4 2024: $1.9BQ1 2025: $633.4MQ2 2025: -$470.5MQ3 2025: $692.6MQ4 2025: $2.4BQ1 2026: $826.6MQ2 2026: -$449.7MQ3 2026: $503.9MQ4 2023Q3 2026
EPS$3.18Q3 2026
$1.11$2.23$3.34$4.45Q4 2023: $4.45Q1 2024: $2.82Q2 2024: $3.52Q3 2024: $4.1Q4 2024: $3.92Q1 2025: $2.61Q2 2025: $2.58Q3 2025: $3.36Q4 2025: $3.04Q1 2026: $2.03Q2 2026: $2.24Q3 2026: $3.18Q4 2023Q3 2026
Cash / Debt$2.1BQ3 2026
$1.8B$3.7B$5.5B$7.3BQ4 2023 · Cash: $3.9BQ4 2023 · Debt: $5.1BQ1 2024 · Cash: $3.3BQ1 2024 · Debt: $5.3BQ2 2024 · Cash: $3.1BQ2 2024 · Debt: $6BQ3 2024 · Cash: $3BQ3 2024 · Debt: $5.7BQ4 2024 · Cash: $4.5BQ4 2024 · Debt: $6BQ1 2025 · Cash: $3.1BQ1 2025 · Debt: $5.2BQ2 2025 · Cash: $2.5BQ2 2025 · Debt: $6.6BQ3 2025 · Cash: $2.6BQ3 2025 · Debt: $7.3BQ4 2025 · Cash: $3BQ4 2025 · Debt: $6BQ1 2026 · Cash: $2.5BQ1 2026 · Debt: $5.6BQ2 2026 · Cash: $1.9BQ2 2026 · Debt: $6.6BQ3 2026 · Cash: $2.1BQ3 2026 · Debt: $7.2BQ4 2023Q3 2026
CashDebt
Profitability+23.3%Q3 2026
+6.7%+13.4%+20.2%+26.9%Q4 2023 · Gross margin: +26.9%Q1 2024 · Gross margin: +26.0%Q2 2024 · Gross margin: +25.6%Q3 2024 · Gross margin: +26.5%Q4 2024 · Gross margin: +25.5%Q1 2025 · Gross margin: +25.1%Q2 2025 · Gross margin: +24.6%Q3 2025 · Gross margin: +23.9%Q4 2025 · Gross margin: +21.7%Q1 2026 · Gross margin: +23.2%Q2 2026 · Gross margin: +22.5%Q3 2026 · Gross margin: +23.3%Q4 2023 · Operating margin: +18.9%Q1 2024 · Operating margin: +15.5%Q2 2024 · Operating margin: +16.4%Q3 2024 · Operating margin: +17.7%Q4 2024 · Operating margin: +16.6%Q1 2025 · Operating margin: +13.6%Q2 2025 · Operating margin: +12.9%Q3 2025 · Operating margin: +13.7%Q4 2025 · Operating margin: +11.6%Q1 2026 · Operating margin: +10.6%Q2 2026 · Operating margin: +10.6%Q3 2026 · Operating margin: +13.3%Q4 2023 · Net margin: +14.4%Q1 2024 · Net margin: +12.3%Q2 2024 · Net margin: +12.9%Q3 2024 · Net margin: +13.6%Q4 2024 · Net margin: +12.8%Q1 2025 · Net margin: +11.1%Q2 2025 · Net margin: +10.5%Q3 2025 · Net margin: +11.1%Q4 2025 · Net margin: +9.4%Q1 2026 · Net margin: +8.6%Q2 2026 · Net margin: +8.6%Q3 2026 · Net margin: +9.8%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth0.0%Q3 2026
-11.3%-7.5%-3.8%0.0%Q4 2024: -4.8%Q1 2025: -1.5%Q2 2025: -15.1%Q3 2025: -7.4%Q4 2025: -3.2%Q1 2026: -9.5%Q2 2026: -2.3%Q3 2026: 0.0%Q4 2023Q3 2026
Shares outstanding288.4MQ3 2026
84.8M169.7M254.5M339.3MQ4 2023: 339.3MQ1 2024: 335.7MQ2 2024: 333.3MQ3 2024: 330.1MQ4 2024: 327.3MQ1 2025: 323.7MQ2 2025: 314MQ3 2025: 297.4MQ4 2025: 297.4MQ1 2026: 293.3MQ2 2026: 289MQ3 2026: 288.4MQ4 2023Q3 2026
Valuation12.8Q3 2026
4.48.913.317.7Q4 2023 · P/E: 6.0Q1 2024 · P/E: 13.4Q2 2024 · P/E: 11.4Q3 2024 · P/E: 8.3Q4 2024 · P/E: 12.1Q1 2025 · P/E: 13.3Q2 2025 · P/E: 12.3Q3 2025 · P/E: 9.6Q4 2025 · P/E: 13.8Q1 2026 · P/E: 17.7Q2 2026 · P/E: 15.2Q3 2026 · P/E: 12.8Q4 2023 · P/S: 3.4Q1 2024 · P/S: 6.6Q2 2024 · P/S: 5.9Q3 2024 · P/S: 4.5Q4 2024 · P/S: 6.2Q1 2025 · P/S: 5.9Q2 2025 · P/S: 5.1Q3 2025 · P/S: 4.1Q4 2025 · P/S: 5.2Q1 2026 · P/S: 6.1Q2 2026 · P/S: 5.2Q3 2026 · P/S: 5.1Q4 2023Q3 2026
P/EP/S
Revenue$34.3B2025
$9.2B$18.4B$27.6B$36.8B2018: $16.1B2019: $17.6B2020: $20.3B2021: $27.8B2022: $33.5B2023: $35.5B2024: $36.8B2025: $34.3B20182025
Net income$3.6B2025
$1.5B$2.9B$4.4B$5.9B2018: $1.5B2019: $1.6B2020: $2.4B2021: $4.2B2022: $5.9B2023: $4.7B2024: $4.8B2025: $3.6B20182025
EBITDA$4.8B2025
$1.9B$3.9B$5.8B$7.7B2018: $2.1B2019: $2.2B2020: $3.1B2021: $5.4B2022: $7.7B2023: $6.4B2024: $6.4B2025: $4.8B20182025
Free cash flow$3.3B2025
$1B$2.1B$3.1B$4.2B2018: $477.1M2019: $668M2020: $1.1B2021: $267M2022: $413.6M2023: $4.2B2024: $2B2025: $3.3B20182025
EPS$11.62025
$4.13$8.26$12.4$16.52018: $3.812019: $4.292020: $6.412021: $11.42022: $16.52023: $13.82024: $14.32025: $11.620182025
Cash / Debt$3B2025
$1.5B$3.1B$4.6B$6.1B2018 · Cash: $1.5B2018 · Debt: $3.2B2019 · Cash: $1.5B2019 · Debt: $3.4B2020 · Cash: $3B2020 · Debt: $4.3B2021 · Cash: $3.2B2021 · Debt: $5.4B2022 · Cash: $2.5B2022 · Debt: $6.1B2023 · Cash: $3.9B2023 · Debt: $5.1B2024 · Cash: $4.5B2024 · Debt: $6B2025 · Cash: $3B2025 · Debt: $6B20182025
CashDebt
Profitability+23.7%2025
+7.8%+15.7%+23.5%+31.4%2018 · Gross margin: +22.8%2019 · Gross margin: +22.0%2020 · Gross margin: +24.3%2021 · Gross margin: +28.4%2022 · Gross margin: +31.4%2023 · Gross margin: +26.4%2024 · Gross margin: +25.9%2025 · Gross margin: +23.7%2018 · Operating margin: +12.7%2019 · Operating margin: +11.7%2020 · Operating margin: +14.5%2021 · Operating margin: +19.4%2022 · Operating margin: +23.0%2023 · Operating margin: +17.6%2024 · Operating margin: +16.6%2025 · Operating margin: +12.9%2018 · Net margin: +9.1%2019 · Net margin: +9.2%2020 · Net margin: +11.7%2021 · Net margin: +15.0%2022 · Net margin: +17.5%2023 · Net margin: +13.4%2024 · Net margin: +12.9%2025 · Net margin: +10.5%20182025
Gross marginOperating marginNet margin
Revenue growth-6.9%2025
+4.0%+14.9%+25.8%+36.7%2019: +9.5%2020: +15.5%2021: +36.7%2022: +20.5%2023: +5.9%2024: +3.8%2025: -6.9%20182025
Shares outstanding309.9M2025
95.9M191.7M287.6M383.4M2018: 383.4M2019: 377.4M2020: 370.2M2021: 365.8M2022: 354.8M2023: 343.3M2024: 331.6M2025: 309.9M20182025
Valuation14.62025
3.67.310.914.62018 · P/E: 10.92019 · P/E: 12.12020 · P/E: 11.72021 · P/E: 7.32022 · P/E: 4.02023 · P/E: 7.72024 · P/E: 13.22025 · P/E: 14.62018 · P/S: 1.02019 · P/S: 1.12020 · P/S: 1.42021 · P/S: 1.12022 · P/S: 0.72023 · P/S: 1.02024 · P/S: 1.72025 · P/S: 1.520182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $9.1B · Updated 17m ago
Dividend
$0.45
2026-08-06

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.44$32.7B-4%17
FY 202711.20$33.7B-2%17
FY 202813.05$35.8B+5%7
FY 202920.18$43.9B+28%1
Q4 20262.08$7.1B-27%13
Q1 20272.42$7.7B+12%5

Company events

6
2026-10-29EarningsActual 2.67 / Estimate 3.01Miss
2026-08-06Dividend$0.45-
2026-07-21EarningsActual 3.2 / Estimate 3.02Beat
2026-05-07Dividend$0.45-
2026-04-21EarningsActual 2.24 / Estimate 2.15Beat
2026-02-05Dividend$0.45-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering DHI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings92285
Analysts1828
Buy / hold / sell22 / 56 / 14139 / 114 / 32
Upgrades / downgrades / initiations1 / 3 / 45 / 13 / 6
Price targets hit / missed27 / 58 (32%)60 / 199 (23%)
Avg. return after a rating (TipRanks)-6.8%-10.7%
Best / worst call+30.0% / -30.6%+36.2% / -50.7%

After buy calls on this stock: median 21-day move +2.7% vs S&P 500 -1.2% (n = 144)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Matthew BouleyBarclays78% hit rate on this stock · 9 targets measuredHoldtarget $130Oct 6, 2026
  2. Sam ReidWells Fargo66% hit rate on this stock · 29 targets measuredHoldtarget $140Oct 16, 2026
  3. Michael DahlRBC Capital64% hit rate on this stock · 11 targets measuredSelltarget $119Oct 15, 2026

Latest ratings

DateAnalystCallTarget
Oct 22, 2026Jade RahmaniKBWHoldMaintained$152
Oct 16, 2026Sam ReidWells FargoHoldReiterated$140
Oct 15, 2026Michael DahlRBC CapitalSellMaintained$119
Oct 16, 2026Anthony PettinariCitiHoldMaintained$150
Oct 15, 2026Michael DahlRBC CapitalSellMaintained$119

TipRanks data via FMP · computed Oct 29, 2026 · 92 ratings

Frequently asked questions

Where can I trade DHI perpetual futures?

D.R. Horton, Inc. (DHI) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade DHI around the clock?

Yes. Unlike the underlying stock, DHI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on DHI perpetuals?

Right now the DHI perp funding rate is +3.5% annualized (venue median), ranging from +3.5% to +3.5% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the DHI perp price compare to the D.R. Horton, Inc. stock?

The venue-median DHI perp mark is $144.7 versus a reference stock price of $144.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a DHI perpetual future?

A DHI perpetual is a derivative that tracks the price of D.R. Horton, Inc. with no expiry date. It lets you take long or short exposure to D.R. Horton, Inc. on crypto venues, around the clock.

What is DHIUSDT perpetual?

DHIUSDT is the symbol most crypto exchanges use for the D.R. Horton, Inc. perpetual settled in USDT (Tether). It tracks the DHI share price through an index, trades 24/7 with leverage and never expires.

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