D.R. Horton |
|
|---|---|
| 2017 Performance Final Grade: 84.29/1002016 Final Grade: 82.4/100 | A+/A |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 20.7% | 360bps |
| Pretax home building income (in millions) | $1,571 | 18.2% |
| Total SG&A/Total revenue | 10.5% | -- |
| Total SG&A(in millions) | $1529.9 | 12.8% |
| Return on invested capital | 9.7% | -10bps |
| Return on equity | 13.7% | -60bps |
| Total shareholder return | 89.1% | -- |
| EPS | $2.73 | 8.2% |
| Change YoY | ||
|---|---|---|
| Community count | 1,695 | +217 |
| Share of lots optioned to total controlled | 51.5% | 16% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 19.8% | -10bps |
| Sales per month to break even (per community) |
1.12 | -- |
| Revenue per employee (in millions) |
$2.4 | 5.1% |
| Change YoY | ||
|---|---|---|
| Closings | 47,135 | 13.2% |
| Sales velocity (per community per month) |
2.4 | 0% |
| Unit backlog | 12,294 | 8.7% |
| Total revenue (in millions):$14,519 |
| HB revenue (in millions): $14,040 |
| Debt per share: $8.67 |
| Equity per basic share: $20.08 |
| HB pretax margin: 11.1% |
| Backlog value (in millions): $3764.1 |
| Inventory (in millions):$10,040.2 |
| Lot supply (in years): 5.5 |
D.R. Horton (NYSE: DHI) focused on its brand strategy in 2017. The core D.R. Horton brand, which accounts for the majority of home closings, experienced solid demand, revenue growth, and profitability. Horton continued to expand its Express Homes brand for entry-level buyers as well as the Emerald Homes brand, which appeals to buyers of higher-end move-up and luxury homes. The company also introduced Freedom Homes, its active adult brand, into more markets.