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) Operating margin
D.R. Horton, Inc.'s operating margin over the twelve months to 30 September 2026 was 10.9%. Over the past ten years it has ranged from 10.1% (fiscal 2015) to 22.6% (fiscal 2022); the current reading is higher than 25% of that period. That is above the Residential Construction industry median of 7.50% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 10.9% | (1.99) |
| FY2025 | 12.9% | (3.21) |
| FY2024 | 16.1% | (1.08) |
| FY2023 | 17.2% | (5.40) |
| FY2022 | 22.6% | 3.46 |
| FY2021 | 19.2% | 4.92 |
| FY2020 | 14.2% | 2.64 |
| FY2019 | 11.6% | (0.83) |
| FY2018 | 12.4% | 1.23 |
| FY2017 | 11.2% | 0.27 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 9.90% | (2.62) |
| Jun 2026 | 12.5% | 1.94 |
| Mar 2026 | 10.6% | (0.01) |
| Dec 2025 | 10.6% | (1.04) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| PHM PulteGroup, Inc. compare | 14.7% |
| TOL Toll Brothers Inc. compare | 13.8% |
| IBP Installed Building Products, Inc. compare | 11.8% |
| DHI D.R. Horton, Inc. | 10.9% |
| CVCO Cavco Industries, Inc. compare | 9.54% |
| SKY Champion Homes, Inc. compare | 8.27% |
| LEN.B Lennar Corporation compare | 5.63% |
| LEN Lennar Corporation compare | 5.63% |
| NVR NVR, Inc. compare | 0.00% |
| Residential Construction industry median | 7.50% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- EV/EBITDA
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