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%-8.9pp | 97.3%-7.0pp | 99.7%-4.9pp | 101.9%-3.1pp | 103.4%-2.6pp | |
| Net margin | 41.4%-9.7pp | 44%-8.3pp | 46.8%-6.1pp | 49.2%-4.1pp | 51.1%-2.9pp | |
| EBITDA margin | 56.1%-12.5pp | 59.5%-10.7pp | 63%-8.0pp | 66.1%-5.6pp | 68.6%-3.9pp | |
| Returns | ||||||
| Return on equity | 57.6%-20.9pp | 62.2%-20.8pp | 67.9%-17.6pp | 73.3%-15.0pp | 78.5%-12.7pp | |
| Return on assets | 39.6%-14.9pp | 42.9%-14.4pp | 47%-11.7pp | 50.8%-9.1pp | 54.5%-6.5pp | |
| Return on invested capital | 66%-26.2pp | 71.7%-26.3pp | 78.7%-22.4pp | 85.7%-18.0pp | 92.3%-14.6pp | |
| Efficiency | ||||||
| Asset turnover | 3.8×-0.4× | 3.9×-0.5× | 4×-0.4× | 4.1×-0.4× | 4.3×-0.3× | |
| 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× | -2.1×0.0× | -2×+0.1× | -2.1×-0.1× | -2.1×0.0× | |
| Per Share | ||||||
| Book value per share | $320.51+4.9% | $316.23+5.5% | $311.58+6.9% | $309.85+10.2% | $305.66+13.3% | |
| Valuation | ||||||
| Market capitalization | $172.02B-11.1% | $172.33B-17.2% | $175.26B-18.0% | $186.9B-0.6% | $193.49B+5.7% | |
| Enterprise value | $162.06B-10.2% | $161.8B-16.8% | $164.2B-17.9% | $174.31B-0.3% | $180.55B+6.5% | |
| Price / earnings | 49.2×+7.9× | 46×+3.0× | 43.1×-1.0× | 42.1×+3.4× | 41.4×+3.5× | |
| Price / sales | 5.1×-0.2× | 5×-0.6× | 5×-0.8× | 5.2×0.0× | 5.3×+0.2× | |
| Price / book | 7.2×-0.6× | 7.1×-1.3× | 7.2×-1.6× | 7.6×-0.4× | 7.8×-0.2× | |
| EV / EBITDA | 34.2×+5.4× | 32×+2.0× | 30×-0.7× | 29.2×+2.5× | 28.8×+2.6× | |
| EV / sales | 4.8×-0.2× | 4.7×-0.6× | 4.7×-0.8× | 4.8×+0.1× | 4.9×+0.2× | |
| Earnings yield | 33%-6.5pp | 35.7%-2.1pp | 38.1%+1.3pp | 38.7%-3.5pp | 39.5%-3.8pp | |
| Dividend yield | 4.6%+1.1pp | 4.5%+1.4pp | 4.2%+1.4pp | 3.9%+0.8pp | 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.
