stockrowD.R. Horton, Inc.
DHI Consumer Cyclical Residential Construction
D.R. Horton, Inc.’s revenue for fiscal 2026 (year ended September 2026) was $33.0 billion, down 3.52% from fiscal 2025.
- Revenue
- −3.17%
- EPS
- −10.4%
- Free cash flow
- +5.76%
- Total debt
- +1.48%
Quarter to September 2026, against a year earlier
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D.R. Horton, Inc. (DHI) Gross margin
D.R. Horton, Inc.'s gross margin over the twelve months to 30 September 2026 was 22.3%. Over the past ten years it has ranged from 21.1% (fiscal 2015) to 31.4% (fiscal 2022); the current reading is higher than 42% of that period. That is above the Residential Construction industry median of 19.2% and below the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 22.3% | (1.42) |
| 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) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 20.5% | (2.81) |
| Jun 2026 | 23.3% | 0.72 |
| Mar 2026 | 22.5% | (0.62) |
| Dec 2025 | 23.2% | 1.50 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IBP Installed Building Products, Inc. compare | 33.1% |
| SKY Champion Homes, Inc. compare | 25.5% |
| PHM PulteGroup, Inc. compare | 24.8% |
| TOL Toll Brothers Inc. compare | 23.8% |
| CVCO Cavco Industries, Inc. compare | 22.7% |
| DHI D.R. Horton, Inc. | 22.3% |
| LEN.B Lennar Corporation compare | 7.49% |
| LEN Lennar Corporation compare | 7.49% |
| NVR NVR, Inc. compare | 0.00% |
| Residential Construction industry median | 19.2% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
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
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- Price to free cash flow
- EV/EBITDA
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