Horton D R (DHI) Gross Margin (2009 - 2026)
Horton D R's (DHI) quarterly Gross Margin came in at 23.26% in Q2 2026, down 69.0% YoY from 75.03% in Q2 2025, and up 3.21% on a QoQ basis from 22.54% in Q1 2026.
Horton D R (DHI) Gross Margin (2009 - 2026) Analysis & Trends
Horton D R (DHI) has 18 years of Gross Margin data on file, last reported at 23.26% in Q2 2026.
- Quarterly Gross Margin fell 69.0% year-over-year to 23.26% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.61% (down 219.0% YoY) and the FY2025 annual result came in at 23.7%, down 221.0% from the prior year.
- Gross Margin advanced to 23.26% in Q2 2026, from 22.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 33.1% in Q2 2022 to a low of 21.67% in Q3 2025.
- A 5-year average of 26.01% and a median of 25.58% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 466 bps — and 2023, when it plunged 733 bps.
- Tracing DHI's Gross Margin over 5 years: stood at 27.09% in 2022, then decreased by 4 bps to 25.97% in 2023, then declined by 3 bps to 25.09% in 2024, then retreated by 8 bps to 23.16% in 2025, then advanced by 0 bps to 23.26% in 2026.
- The last three Gross Margin figures came in at 23.26% (Q2 2026), 22.54% (Q1 2026), and 23.16% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 33.29% |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 18.14% |
| 10 | Cavco Industries | 4.53 Bn | 4.28 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.26% |
| Mar 31, 2026 | 22.54% |
| Dec 31, 2025 | 23.16% |
| Sep 30, 2025 | 21.67% |
| Jun 30, 2025 | 23.95% |
| Mar 31, 2025 | 24.57% |
| Dec 31, 2024 | 25.09% |
| Sep 30, 2024 | 25.54% |
| Jun 30, 2024 | 26.51% |
| Mar 31, 2024 | 25.62% |
| Dec 31, 2023 | 25.97% |
| Sep 30, 2023 | 26.88% |
| Jun 30, 2023 | 26.57% |
| Mar 31, 2023 | 24.79% |
| Dec 31, 2022 | 27.09% |
| Sep 30, 2022 | 29.86% |
| Jun 30, 2022 | 33.10% |
| Mar 31, 2022 | 32.12% |
| Dec 31, 2021 | 30.45% |
| Sep 30, 2021 | 29.67% |