D.R. Horton, Inc. DHI
141.51
1.16
0.83%
as of 25 Sep
- Market cap
- $39.5B
- P/E
- 13.4×
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D.R. Horton, Inc. (DHI) Gross margin
D.R. Horton, Inc.'s gross margin over the twelve months to 30 June 2026 was 22.6%, down 1.1 percentage points from fiscal 2025 (23.7%). Over the past ten years it has ranged from 21.1% (fiscal 2015) to 31.4% (fiscal 2022); the current reading is higher than 55% of that period. That is in line with the Residential Construction industry median of 22.3% and below the Consumer Cyclical sector median of 35.0%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 23.7% | (2.21) |
| FY2024 | 25.9% | (0.46) |
| FY2023 | 26.4% | (5.00) |
| FY2022 | 31.4% | 3.02 |
| FY2021 | 28.4% | 4.04 |
| FY2020 | 24.3% | 2.30 |
| FY2019 | 22.0% | (0.83) |
| FY2018 | 22.8% | 1.21 |
| FY2017 | 21.6% | (0.21) |
| FY2016 | 21.8% | 0.70 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 23.3% | 0.72 |
| Mar 2026 | 22.5% | (0.62) |
| Dec 2025 | 23.2% | 1.50 |
| Sep 2025 | 21.7% | (2.29) |
| 42 more quarters | Free account |
Against its own ten years
Low 21.1%
High 31.4%
Ten-year median
23.7%
Current reading's percentile
55
Gross margin against peers
| Company | Gross margin |
|---|---|
| IBP Installed Building Products, Inc. compare | 33.6% |
| SKY Champion Homes, Inc. compare | 26.0% |
| PHM PulteGroup, Inc. compare | 25.2% |
| TOL Toll Brothers Inc. compare | 23.8% |
| DHI D.R. Horton, Inc. | 22.6% |
| NVR NVR, Inc. compare | 22.0% |
| MTH Meritage Homes Corporation compare | 18.1% |
| LEN.B Lennar Corporation compare | 8.15% |
| LEN Lennar Corporation compare | 7.49% |
| Residential Construction industry median | 22.3% |
| Consumer Cyclical sector median | 35.0% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on DHI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement