D.R. Horton, Inc. DHI

141.51 1.16 0.83% as of 25 Sep
Market cap
$39.5B
P/E
13.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

D.R. Horton, Inc.'s operating margin over the twelve months to 30 June 2026 was 11.4%, down 1.5 percentage points from fiscal 2025 (12.9%). Over the past ten years it has ranged from 10.1% (fiscal 2015) to 22.6% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Residential Construction industry median of 9.03% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

Period Operating margin Change (points)
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
FY2016 10.9% 0.83

Quarterly

Period Operating margin Change (points)
Jun 2026 12.5% 1.94
Mar 2026 10.6% (0.01)
Dec 2025 10.6% (1.04)
Sep 2025 11.6% (2.08)
42 more quarters

Against its own ten years

Low 10.1% High 22.6%
Ten-year median 12.9%
Current reading's percentile 55

Operating margin against peers

Company Operating margin
NVR NVR, Inc. compare 16.0%
PHM PulteGroup, Inc. compare 15.2%
TOL Toll Brothers Inc. compare 13.8%
IBP Installed Building Products, Inc. compare 12.4%
DHI D.R. Horton, Inc. 11.4%
SKY Champion Homes, Inc. compare 8.74%
MTH Meritage Homes Corporation compare 7.22%
LEN.B Lennar Corporation compare 6.23%
LEN Lennar Corporation compare 5.63%
Residential Construction industry median 9.03%
Consumer Cyclical sector median 3.34%
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

The full definition of Operating margin →

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