Horton D R (DHI) Net Margin (2009 - 2026)
Horton D R (DHI) reported Net Margin of 8.71% for Q1 2026, down 189.0% on a YoY basis from 9.78% in Q1 2025, and little changed quarter-over-quarter from 8.73% in Q4 2025.
Horton D R (DHI) Net Margin (2009 - 2026) Analysis & Trends
Horton D R has reported Net Margin for 18 years, with the latest figure at 8.71% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 189.0% year-over-year to 8.71%; the trailing twelve-month figure through Mar 2026 stood at 9.62% (down 266.0% YoY), and the FY2025 full-year result was 10.57%, down 249.0% from the prior year.
- Net Margin for Q1 2026 stood at 8.71%, roughly flat from 8.73% in the prior quarter.
- The five-year high for Net Margin was 18.88% in Q2 2022, with the low at 8.71% in Q1 2026.
- Historically, Net Margin has averaged 12.92% across 5 years, with a median of 12.99% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin surged 355 bps — and 2023, when it plunged 612 bps.
- Horton D R's Net Margin 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 decreased by 0 bps to 8.71% in 2026.
- The last three Net Margin figures came in at 8.71% (Q1 2026), 8.73% (Q4 2025), and 9.47% (Q3 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 | 41.60 Bn | 40.25 Bn | 1.70 Bn | 8.71% |
| 2 | Pultegroup | 22.64 Bn | 20.83 Bn | 881.27 Mn | 10.18% |
| 3 | Lennar | 22.34 Bn | 20.15 Bn | 6.36 Bn | 4.57% |
| 4 | Nvr | 17.27 Bn | 15.62 Bn | 1.31 Bn | 10.55% |
| 5 | Toll Brothers | 13.05 Bn | 11.95 Bn | 604.89 Mn | 10.29% |
| 6 | Taylor Morrison Home | 6.86 Bn | 6.86 Bn | 290.64 Mn | 7.24% |
| 7 | Installed Building Products | 5.39 Bn | 4.91 Bn | 212.30 Mn | 5.27% |
| 8 | Meritage Homes | 4.60 Bn | 3.84 Bn | -269,000.00 | 14.59% |
| 9 | Cavco Industries | 4.47 Bn | 4.44 Bn | 135.92 Mn | 7.58% |
| 10 | Champion Homes | 4.25 Bn | 3.59 Bn | 172.19 Mn | 8.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 12.99% |
| 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% |
| Jun 30, 2021 | 15.33% |