D.R. Horton DHI Ratios & Valuation
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 94.6%-2.7pp | 97.3%-2.5pp | 99.7%-2.2pp | 101.9%-1.5pp | 103.4%-0.8pp | |
| Net margin | 41.4%-2.6pp | 44%-2.7pp | 46.8%-2.5pp | 49.2%-1.9pp | 51.1%-1.2pp | |
| EBITDA margin | 56.1%-3.4pp | 59.5%-3.5pp | 63%-3.2pp | 66.1%-2.5pp | 68.6%-1.6pp | |
| Returns | ||||||
| Return on equity | 57.6%-4.6pp | 62.2%-5.7pp | 67.9%-5.3pp | 73.3%-5.2pp | 78.5%-4.5pp | |
| Return on assets | 39.6%-3.3pp | 42.9%-4.0pp | 47%-3.8pp | 50.8%-3.7pp | 54.5%-2.9pp | |
| Return on invested capital | 66%-5.6pp | 71.7%-7.0pp | 78.7%-7.0pp | 85.7%-6.6pp | 92.3%-5.7pp | |
| Efficiency | ||||||
| Asset turnover | 3.8×-0.1× | 3.9×-0.1× | 4×-0.1× | 4.1×-0.1× | 4.3×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -2.1×0.0× | -2.1×-0.1× | -2×+0.1× | -2.1×0.0× | -2.1×0.0× | |
| Per Share | ||||||
| Book value per share | $320.51+1.4% | $316.23+1.5% | $311.58+0.6% | $309.85+1.4% | $305.66+2.0% | |
| Valuation | ||||||
| Market capitalization | $172.02B-0.2% | $172.33B-1.7% | $175.26B-6.2% | $186.9B-3.4% | $193.49B-7.0% | |
| Enterprise value | $162.06B+0.2% | $161.8B-1.5% | $164.2B-5.8% | $174.31B-3.5% | $180.55B-7.2% | |
| Price / earnings | 49.2×+3.2× | 46×+2.9× | 43.1×+1.0× | 42.1×+0.7× | 41.4×-1.7× | |
| Price / sales | 5.1×+0.1× | 5×0.0× | 5×-0.2× | 5.2×-0.1× | 5.3×-0.3× | |
| Price / book | 7.2×0.0× | 7.1×-0.1× | 7.2×-0.4× | 7.6×-0.2× | 7.8×-0.6× | |
| EV / EBITDA | 34.2×+2.2× | 32×+2.0× | 30×+0.8× | 29.2×+0.5× | 28.8×-1.2× | |
| EV / sales | 4.8×+0.1× | 4.7×0.0× | 4.7×-0.2× | 4.8×-0.1× | 4.9×-0.3× | |
| Earnings yield | 33%-2.7pp | 35.7%-2.4pp | 38.1%-0.6pp | 38.7%-0.8pp | 39.5%+1.6pp | |
| Dividend yield | 4.6%+0.1pp | 4.5%+0.2pp | 4.2%+0.3pp | 3.9%+0.4pp | 3.5%+0.4pp |
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.
