SuperworthD.R. Horton profit margin DHI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2012.
- Net margin, 12 months
- 9.2%
- Operating margin, 12 months
- 11.4%
- Net margin on a year earlier
- −2.3 pts
- Peer median
- 9.8%
Over the twelve months to Jun 30, 2026, D.R. Horton kept 9.2% of its revenue as net profit, with an operating margin of 11.4% and a gross margin of 22.6%.
Five years earlier its net margin was 14.1%.
The median for 6 homebuilders of a similar size is 9.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 10.5% | 12.9% | 23.7% |
| FY2024 | 12.9% | 16.1% | 25.9% |
| FY2023 | 13.4% | 17.2% | 26.4% |
| FY2022 | 17.5% | 22.6% | 31.4% |
| FY2021 | 15.0% | 19.2% | 28.4% |
| FY2020 | 11.7% | 14.2% | 24.3% |
| FY2019 | 9.2% | 12.1% | 22.0% |
| FY2018 | 9.1% | 12.8% | n/a |
| FY2017 | 7.4% | 11.2% | 19.2% |
| FY2016 | 7.5% | 11.2% | 19.9% |
| FY2015 | 7.1% | n/a | 19.2% |
| FY2014 | 6.8% | n/a | n/a |
| FY2013 | 7.6% | n/a | n/a |
| FY2012 | 22.6% | 5.9% | n/a |
| FY2011 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 9.2% | −2.3 pts | 11.4% | |
| Q2 FY26 | 9.5% | −2.6 pts | 11.8% | |
| Q1 FY26 | 9.9% | −2.7 pts | 12.3% | |
| Q4 FY25 | 10.5% | −2.5 pts | 12.9% | |
| Q3 FY25 | 11.5% | −1.9 pts | 14.2% | |
| Q2 FY25 | 12.2% | −1.2 pts | 15.1% | |
| Q1 FY25 | 12.7% | −0.5 pts | 15.8% | |
| Q4 FY24 | 12.9% | −0.5 pts | 16.1% | |
| Q3 FY24 | 13.4% | −0.7 pts | 16.8% | |
| Q2 FY24 | 13.4% | −2.0 pts | 17.0% | |
| Q1 FY24 | 13.2% | −3.7 pts | 16.8% | |
| Q4 FY23 | 13.4% | −4.1 pts | 17.2% |
Against its peers
Companies in Residential Construction nearest D.R. Horton's size, closest first, today.
| Company | Profit margin |
|---|---|
| DHID.R. Horton | 9.2% |
| PHMPulteGroup | 11.6% |
| NVRNVR | 12.0% |
| TOLToll Brothers | 11.1% |
| IBPInstalled Building Products | 8.5% |
| ECGEverus Construction | 6.0% |
| MTHMeritage Homes CORP | 6.1% |
| Peer median | 9.8% |
Where D.R. Horton ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on D.R. Horton
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.