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D.R. Horton DHI Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin22.8%-0.5pp23.3%-0.4pp23.7%-1.1pp24.8%-0.7pp25.5%-0.2pp
Net margin9.5%-0.4pp9.9%-0.5pp10.5%-1.0pp11.5%-0.7pp12.2%-0.5pp
Returns
Return on equity13.2%-0.4pp13.6%-0.9pp14.5%-1.8pp16.3%-1.6pp17.8%-1.5pp
Return on invested capital14.7%-0.8pp15.5%-1.7pp17.2%-1.3pp18.6%-1.8pp20.4%-2.2pp
Efficiency
Asset turnover0.9×0.0×0.0×0.0×0.0×-0.1×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.0×
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 / earnings12.5×0.0×12.6×-1.5×14.1×+4.0×10×+0.7×9.3×-0.3×
Price / sales1.2×-0.1×1.3×-0.2×1.5×+0.3×1.2×0.0×1.1×-0.1×
Price / book1.7×-0.1×1.7×-0.3×2.1×+0.4×1.7×0.0×1.6×-0.2×
EV / EBITDA8.7×0.0×8.7×-1.1×9.8×+2.9×+0.5×6.5×-0.2×
Dividend yield1.3%+0.1pp1.2%+0.2pp1%-0.2pp1.2%+0.1pp1.1%+0.2pp

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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.