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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on Sales

Horton D R (DHI) Operating Margin (2016 - 2025)

Horton D R's Operating Margin history spans 17 years, with the latest figure at 10.59% for Q4 2025.

  • For Q4 2025, Operating Margin fell 296.0% year-over-year to 10.59%; the TTM value through Dec 2025 reached 12.29%, down 351.0%, while the annual FY2025 figure was 12.92%, 321.0% down from the prior year.
  • Operating Margin reached 10.59% in Q4 2025 per DHI's latest filing, down from 11.63% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 24.67% in Q2 2022 to a low of 10.59% in Q4 2025.
  • Average Operating Margin over 5 years is 17.21%, with a median of 17.09% recorded in 2024.
  • Peak YoY movement for Operating Margin: surged 528bps in 2021, then tumbled -834bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 21.01% in 2021, then decreased by -19bps to 16.94% in 2022, then fell by -11bps to 15.16% in 2023, then dropped by -11bps to 13.56% in 2024, then decreased by -22bps to 10.59% in 2025.
  • Per Business Quant, the three most recent readings for DHI's Operating Margin are 10.59% (Q4 2025), 11.63% (Q3 2025), and 13.71% (Q2 2025).