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Saturday 17 October 2026 Export DHI’s income statement to Excel — free account

D.R. Horton, Inc.

DHI Consumer Cyclical Residential Construction

D.R. Horton, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $34.3 billion, down 6.93% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 4.75%, free cash flow fell 44.1% and total debt fell 1.88%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

139.39 0.16 −0.11%
Market cap
$39.0B
P/E
13.2×
Fwd P/E
13.8×
Dividend yield
1.29%
F-score
4/9
Altman Z
6.41
Beneish M
n/a
Dividend safety
92/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

D.R. Horton, Inc. (DHI) Gross margin

Alert me on 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

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Annual newest first

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 newest first

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

Against its own ten years

Low 21.1% High 31.4%
Ten-year median 23.7%
Current reading's percentile 36

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%
CVCO Cavco Industries, Inc. compare 23.2%
DHI D.R. Horton, Inc. 22.6%
NVR NVR, Inc. compare 22.0%
LEN Lennar Corporation compare 7.49%
LEN.B Lennar Corporation compare 7.49%
Residential Construction industry median 22.3%
Consumer Cyclical sector median 35.0%
Market median 46.2%

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

The full definition of Gross margin →

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