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D.R. Horton DHI Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin22.8%-2.7pp23.3%-2.5pp23.7%-2.2pp24.8%-1.5pp25.5%-0.8pp
Net margin9.5%-2.6pp9.9%-2.7pp10.5%-2.5pp11.5%-1.9pp12.2%-1.2pp
Returns
Return on equity13.2%-4.6pp13.6%-5.7pp14.5%-5.3pp16.3%-5.2pp17.8%-4.5pp
Return on invested capital14.7%-5.6pp15.5%-7.0pp17.2%-7.0pp18.6%-6.6pp20.4%-5.7pp
Efficiency
Asset turnover0.9×-0.1×-0.1×-0.1×-0.1×-0.1×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.0×
Net debt / EBITDA-0.4×0.0×-0.5×-0.1×-0.6×+0.1×-0.5×0.0×-0.4×0.0×
Per Share
Book value per share$81.75+5.5%$81.81+6.0%$78.06+2.3%$78.89+5.6%$77.47+8.4%
Valuation
Market capitalization$39.75B-0.8%$41.93B-6.5%$50.52B-18.7%$39.82B-14.2%$40.06B-26.6%
Price / earnings12.5×+3.2×12.6×+2.9×14.1×+1.0×10×+0.7×9.3×-1.7×
Price / sales1.2×+0.1×1.3×0.0×1.5×-0.2×1.2×-0.1×1.1×-0.3×
Price / book1.7×0.0×1.7×-0.1×2.1×-0.4×1.7×-0.2×1.6×-0.6×
EV / EBITDA8.7×+2.2×8.7×+2.0×9.8×+0.8×+0.5×6.5×-1.2×
Dividend yield1.3%+0.1pp1.2%+0.2pp1%+0.3pp1.2%+0.4pp1.1%+0.4pp

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Questions, answered.

Where do D.R. Horton's ratios come from?
Every ratio is computed from D.R. Horton's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.