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
Download Data
Historic 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% |