Horton D R (DHI) Return on Invested Capital [ROIC] (2010 - 2026)
Horton D R (DHI) reported Return on Invested Capital [ROIC] of 9.24% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 2.66 percentage points from 11.91% a year earlier and down 0.53 percentage points from the prior quarter.
Powered by 
Analysis
Horton D R (DHI) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Horton D R posted Return on Invested Capital [ROIC] of 10.82%, down 4.31 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for three consecutive fiscal years, with a five-year change of -4.50 percentage points (FY2020 to FY2025).
- By fiscal year, Return on Invested Capital [ROIC] came in at 15.14% in FY2024 (-2.00 pp), 17.13% in FY2023 (-8.04 pp), 25.17% in FY2022 (+2.69 pp) and 22.48% in FY2021 (+7.15 pp).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] since fiscal Q2 2018.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last 14 quarters, with an average year-over-year change of -3.03 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q4 2021 (a gain of 6.85 percentage points); the low point was fiscal Q4 2023 (a drop of 6.85 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 9.78% (Q2 2026), 10.32% (Q1 2026) and 10.81% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 42.94 Bn | 33.24 Bn | 2.15 Bn | 9.24% |
| 2 | Pultegroup | 24.69 Bn | 18.05 Bn | 1.07 Bn | 14.13% |
| 3 | Lennar | 21.09 Bn | 11.47 Bn | 618.54 Mn | -32.23% |
| 4 | Nvr | 16.76 Bn | 10.89 Bn | 482.36 Mn | 24.80% |
| 5 | Toll Brothers | 14.33 Bn | 9.70 Bn | 625.22 Mn | 9.71% |
| 6 | Champion Homes | 4.94 Bn | 2.15 Bn | 185.60 Mn | 10.99% |
| 7 | Cavco Industries | 4.90 Bn | 3.85 Bn | 147.61 Mn | - |
| 8 | Meritage Homes | 4.48 Bn | 1.45 Bn | 410.22 Mn | 17.95% |
| 9 | M | 3.35 Bn | 534.85 Mn | - | - |
| 10 | Kb Home | 3.09 Bn | 2.29 Bn | -857.09 Mn | 2.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.24% |
| Mar 31, 2026 | 9.78% |
| Dec 31, 2025 | 10.32% |
| Sep 30, 2025 | 10.81% |
| Jun 30, 2025 | 11.91% |
| Mar 31, 2025 | 13.26% |
| Dec 31, 2024 | 14.33% |
| Sep 30, 2024 | 14.60% |
| Jun 30, 2024 | 15.69% |
| Mar 31, 2024 | 16.23% |
| Dec 31, 2023 | 16.07% |
| Sep 30, 2023 | 16.42% |
| Jun 30, 2023 | 17.37% |
| Mar 31, 2023 | 19.26% |
| Dec 31, 2022 | 21.71% |
| Sep 30, 2022 | 23.28% |
| Jun 30, 2022 | 23.58% |
| Mar 31, 2022 | 22.85% |
| Dec 31, 2021 | 21.55% |
| Sep 30, 2021 | 21.25% |
API Access
Horton D R Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=DHI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=DHI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();