Horton D R (DHI) Net Margin (2009 - 2026)
Horton D R's (DHI) quarterly Net Margin came in at 9.96% in Q2 2026, down 124.0% YoY from 41.49% in Q2 2025, and up 14.37% on a QoQ basis from 8.71% in Q1 2026.
Horton D R (DHI) Net Margin (2009 - 2026) Analysis & Trends
Horton D R (DHI) has 18 years of Net Margin data on file, last reported at 9.96% in Q2 2026.
- Quarterly Net Margin fell 124.0% year-over-year to 9.96% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 9.28% (down 239.0% YoY) and the FY2025 annual result came in at 10.57%, down 249.0% from the prior year.
- Net Margin rose to 9.96% in Q2 2026, from 8.71% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 18.88% in Q2 2022 to a low of 8.71% in Q1 2026.
- A 5-year average of 12.77% and a median of 12.68% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin surged 355 bps — and 2023, when it plunged 612 bps.
- Tracing DHI's Net Margin over 5 years: stood at 13.34% in 2022, then dropped by 7 bps to 12.37% in 2023, then slipped by 10 bps to 11.19% in 2024, then declined by 22 bps to 8.73% in 2025, then advanced by 14 bps to 9.96% in 2026.
- The last three Net Margin figures came in at 9.96% (Q2 2026), 8.71% (Q1 2026), and 8.73% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 9.96% |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 11.85% |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 5.20% |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 10.16% |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 10.29% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 7.24% |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 8.34% |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 6.47% |
| 10 | Cavco Industries | 4.53 Bn | 4.28 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.96% |
| Mar 31, 2026 | 8.71% |
| Dec 31, 2025 | 8.73% |
| Sep 30, 2025 | 9.47% |
| Jun 30, 2025 | 11.20% |
| Mar 31, 2025 | 10.59% |
| Dec 31, 2024 | 11.19% |
| Sep 30, 2024 | 13.31% |
| Jun 30, 2024 | 13.72% |
| Mar 31, 2024 | 13.00% |
| Dec 31, 2023 | 12.37% |
| Sep 30, 2023 | 14.52% |
| Jun 30, 2023 | 13.90% |
| Mar 31, 2023 | 11.91% |
| Dec 31, 2022 | 13.34% |
| Sep 30, 2022 | 17.10% |
| Jun 30, 2022 | 18.88% |
| Mar 31, 2022 | 18.03% |
| Dec 31, 2021 | 16.24% |
| Sep 30, 2021 | 16.59% |