Horton D R (DHI) Gross Margin (2009 - 2026)
Horton D R (DHI) reported Gross Margin of 22.54% for Q1 2026, down 203.0% on a YoY basis from 21.88% in Q1 2025, and down 2.68% quarter-over-quarter from 23.16% in Q4 2025.
Horton D R (DHI) Gross Margin (2009 - 2026) Analysis & Trends
Horton D R has reported Gross Margin for 18 years, with the latest figure at 22.54% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 203.0% year-over-year to 22.54%; the trailing twelve-month figure through Mar 2026 stood at 22.8% (down 270.0% YoY), and the FY2025 full-year result was 23.7%, down 221.0% from the prior year.
- Gross Margin for Q1 2026 stood at 22.54%, down from 23.16% in the prior quarter.
- The five-year high for Gross Margin was 33.1% in Q2 2022, with the low at 21.67% in Q3 2025.
- Historically, Gross Margin has averaged 26.18% across 5 years, with a median of 25.62% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 466 bps — and 2023, when it plunged 733 bps.
- Horton D R's Gross Margin 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 dropped by 3 bps to 22.54% in 2026.
- The last three Gross Margin figures came in at 22.54% (Q1 2026), 23.16% (Q4 2025), and 21.67% (Q3 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 | 43.54 Bn | 42.20 Bn | 1.70 Bn | 22.54% |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 25.85% |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | 96.10% |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | -0.07% |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | 23.39% |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | 26.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 28.44% |