Horton D R (DHI) Net Margin (2009 - 2026)
Horton D R's Net Margin came in at 9.81% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 1.30 percentage points from 11.11% a year earlier but up 1.23 percentage points from the prior quarter.
Horton D R (DHI) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Horton D R reported Net Margin of 9.15%, down 2.31 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 10.47%, down 2.46 percentage points from FY2024.
- Net Margin has declined in each of the last three fiscal years, with a five-year change of -1.22 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was 12.92% in FY2024 (-0.46 pp), 13.38% in FY2023 (-4.11 pp), 17.50% in FY2022 (+2.46 pp) and 15.03% in FY2021 (+3.35 pp).
- The five-year range for quarterly Net Margin is 8.57% (fiscal Q2 2026) to 18.75% (fiscal Q3 2022).
- Year-over-year, Net Margin has declined for nine consecutive quarters, with an average year-over-year change of -2.09 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2021 (a gain of 3.56 percentage points), and the weakest in fiscal Q2 2023 (a drop of 6.14 percentage points).
- Business Quant data shows DHI's Net Margin at 8.57% (Q2 2026), 8.64% (Q1 2026) and 9.35% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 9.81% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 11.85% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | 3.84% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 10.16% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 10.54% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 7.11% |
| 7 | Champion Homes | 4.80 Bn | 2.28 Bn | - | - |
| 8 | Cavco Industries | 4.31 Bn | 3.07 Bn | - | - |
| 9 | Meritage Homes | 4.24 Bn | 1.16 Bn | 513.60 Mn | 3.23% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | 7.44% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.81% |
| Mar 31, 2026 | 8.57% |
| Dec 31, 2025 | 8.64% |
| Sep 30, 2025 | 9.35% |
| Jun 30, 2025 | 11.11% |
| Mar 31, 2025 | 10.48% |
| Dec 31, 2024 | 11.10% |
| Sep 30, 2024 | 12.83% |
| Jun 30, 2024 | 13.58% |
| Mar 31, 2024 | 12.87% |
| Dec 31, 2023 | 12.26% |
| Sep 30, 2023 | 14.37% |
| Jun 30, 2023 | 13.73% |
| Mar 31, 2023 | 11.82% |
| Dec 31, 2022 | 13.21% |
| Sep 30, 2022 | 16.93% |
| Jun 30, 2022 | 18.75% |
| Mar 31, 2022 | 17.96% |
| Dec 31, 2021 | 16.19% |
| Sep 30, 2021 | 16.51% |
Horton D R Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=DHI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "DHI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=DHI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();