Horton D R (DHI) Gross Margin (2009 - 2026)
Horton D R (DHI) posted quarterly Gross Margin of 23.26% for Q2 2026, down 69.0% year-on-year 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 reported Gross Margin for 18 consecutive years, with 23.26% the latest figure, recorded 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 rose to 23.26% in Q2 2026 per DHI's latest filing, from 22.54% in the prior quarter.
- Over the last five years, Gross Margin for DHI reached as high as 33.1% in Q2 2022 and fell as low as 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 surged 466 bps — and 2023, when it tumbled 733 bps.
- Year by year, Gross Margin stood at 27.09% in 2022, then declined by 4 bps to 25.97% in 2023, then decreased by 3 bps to 25.09% in 2024, then dropped by 8 bps to 23.16% in 2025, then increased by 0 bps to 23.26% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 23.26%, 22.54%, and 23.16% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.90 Bn | 39.56 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 98.48% |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | 6.19% |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | 26.22% |
| 10 | M | 4.43 Bn | 3.66 Bn | 202.59 Mn | 22.00% |
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% |