DHI D R Horton margins

Relative Growth: Rel. Growth: 40

Relative Strength: Rel. Strength: 32

Relative Valuation: Rel. Valuation: 75

Relative Profitability: Rel. Profitability: 49

Gross margin

22.6%

Operating margin

11.4%

EBITDA margin

12.5%

Net margin

9.2%

At present, D R Horton reports a gross margin of 22.6%, an operating margin of 11.4%, an EBITDA margin of 12.5%, and a net margin of 9.2%. Operating margin had the largest decline, decreasing by 2.8 percentage points, while the other available margins also declined.

DHI margin history

Gross, operating, EBITDA and net margin trends

D R Horton's margins averaged 24.82% gross, 14.56% operating, 15.6% EBITDA, and 11.67% net over the last 3 years. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

DHI margin expansion

Year-over-year margin changes in percentage points

The largest decrease was in operating and EBITDA margins, which fell by 2.8 percentage points. The other available margins also declined.

Gross margin expansion

-2.2pp

Operating margin expansion

-2.8pp

EBITDA margin expansion

-2.8pp

Net margin expansion

-2.3pp

DHI Gross margin

Over the last 3 years, D R Horton recorded an average gross margin of 24.82%. D R Horton's current gross margin is 22.6% and is 2.2 percentage points below its three-year average. The highest gross margin for D R Horton was 26.3% in Jun 2024, while the lowest was 22.6% in Jun 2026.

DHI Operating margin

Over the last 3 years, D R Horton's operating margin averaged 14.56%. The current operating margin of 11.4% is 3.2 percentage points below its three-year average. During this period, operating margin reached a high of 17% in Mar 2024 and a low of 11.4% in Jun 2026.

DHI EBITDA margin

Looking back over the last 3 years, D R Horton recorded an average EBITDA margin of 15.6%. The latest EBITDA margin for D R Horton is 12.5%, 3.1 percentage points below its three-year average. The highest EBITDA margin for D R Horton was 17.8% in Jun 2024, while the lowest was 12.5% in Jun 2026.

DHI Net margin

Across the last 3 years, D R Horton recorded an average net margin of 11.67%. D R Horton's current net margin is 9.2% and is 2.5 percentage points below its three-year average. The highest net margin for D R Horton was 13.4% in Jun 2024, while the lowest was 9.2% in Jun 2026.

DHI margin group comparison

Margins compared with peer-group, industry and sector averages

D R Horton's gross margin of 22.6% is above the industry and its peers average but below the Consumer Cyclical sector average. Looking at its Consumer Cyclical sector average of 36.3%, D R Horton's gross margin is 38% lower.

DHI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is D R Horton's gross margin?

As of Jun 30, 2026, DHI has a gross margin of 22.6%.

What is D R Horton's operating margin?

For the period ending Jun 30, 2026, DHI recorded an operating margin of 11.4%.

What is D R Horton's EBITDA margin?

For the period ending Jun 30, 2026, DHI recorded an EBITDA margin of 12.5%.

What is D R Horton's net margin?

For the period ending Jun 30, 2026, DHI recorded a net margin of 9.2%.

What are the average margins of DHI?

D R Horton's average margins over the last 3 years were 24.8% gross, 14.6% operating, 15.6% EBITDA, and 11.7% net.

What are the highest historical margins of DHI?

Within the 5-year period, DHI recorded its highest margins at 31.4% gross in Sep 2022, 22.7% operating in Jun 2022, 23% EBITDA in Jun 2022, and 17.5% net in Sep 2022.

What are the lowest historical margins of DHI?

Over this 5-year history, D R Horton's margins fell as low as 22.6% gross in Jun 2026, 11.4% operating in Jun 2026, 12.5% EBITDA in Jun 2026, and 9.2% net in Jun 2026.