Horton D R DHI
NYSE DHI
$138.94 +0.45 (+0.32%)
As of: Sep 9, 2026 · 3:59 PM EDT

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% on a YoY basis from 75.03% in Q2 2025, and up 3.21% quarter-over-quarter from 22.54% in Q1 2026.

Analysis

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.

  • For the quarter ending Q2 2026, Gross Margin fell 69.0% year-over-year to 23.26%; the trailing twelve-month figure through Jun 2026 stood at 22.61% (down 219.0% YoY), and the FY2025 full-year result was 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.
  • Across five years, Gross Margin topped out at 33.1% in Q2 2022 and bottomed at 21.67% in Q3 2025.
  • Historically, Gross Margin has averaged 26.01% across 5 years, with a median of 25.58% in 2024.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin surged 466 bps in 2022, then sank 733 bps in 2023.
  • Over 5 years, Gross Margin stood at 27.09% in 2022, then dropped by 4 bps to 25.97% in 2023, then retreated by 3 bps to 25.09% in 2024, then slipped by 8 bps to 23.16% in 2025, then grew 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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Horton D R 39.14 Bn 37.01 Bn 2.15 Bn 23.26%
2 Pultegroup 22.45 Bn 21.07 Bn 1.06 Bn 26.57%
3 Lennar 19.43 Bn 17.25 Bn 7.69 Bn 96.82%
4 Nvr 16.68 Bn 15.59 Bn 485.14 Mn 20.85%
5 Toll Brothers 12.67 Bn 11.61 Bn 625.22 Mn 23.52%
6 Taylor Morrison Home 6.77 Bn 6.12 Bn 290.64 Mn 20.95%
7 Meritage Homes 4.20 Bn 3.39 Bn 254.14 Mn 18.14%
8 M 3.64 Bn 2.91 Bn 235.50 Mn 22.15%
9 Kb Home 3.06 Bn 3.00 Bn 174.03 Mn 15.64%
10 Green Brick Partners 2.95 Bn 2.82 Bn 157.52 Mn 31.90%
Historic Data

Historic Data

Download Data
DateValue
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%