D.R. Horton DHI Ratios & Valuation
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 22.8%-0.5pp | 23.3%-0.4pp | 23.7%-1.1pp | 24.8%-0.7pp | 25.5%-0.2pp | |
| Net margin | 9.5%-0.4pp | 9.9%-0.5pp | 10.5%-1.0pp | 11.5%-0.7pp | 12.2%-0.5pp | |
| Returns | ||||||
| Return on equity | 13.2%-0.4pp | 13.6%-0.9pp | 14.5%-1.8pp | 16.3%-1.6pp | 17.8%-1.5pp | |
| Return on invested capital | 14.7%-0.8pp | 15.5%-1.7pp | 17.2%-1.3pp | 18.6%-1.8pp | 20.4%-2.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.9×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | 1×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -0.4×+0.1× | -0.5×+0.1× | -0.6×-0.1× | -0.5×-0.1× | -0.4×+0.1× | |
| Per Share | ||||||
| Book value per share | $81.75-0.1% | $81.81+4.8% | $78.06-1.1% | $78.89+1.8% | $77.47+0.4% | |
| Valuation | ||||||
| Market capitalization | $39.75B-5.2% | $41.93B-17.0% | $50.52B+26.9% | $39.82B-0.6% | $40.06B-10.7% | |
| Price / earnings | 12.5×0.0× | 12.6×-1.5× | 14.1×+4.0× | 10×+0.7× | 9.3×-0.3× | |
| Price / sales | 1.2×-0.1× | 1.3×-0.2× | 1.5×+0.3× | 1.2×0.0× | 1.1×-0.1× | |
| Price / book | 1.7×-0.1× | 1.7×-0.3× | 2.1×+0.4× | 1.7×0.0× | 1.6×-0.2× | |
| EV / EBITDA | 8.7×0.0× | 8.7×-1.1× | 9.8×+2.9× | 7×+0.5× | 6.5×-0.2× | |
| Dividend yield | 1.3%+0.1pp | 1.2%+0.2pp | 1%-0.2pp | 1.2%+0.1pp | 1.1%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
