Horton D R Inc (DHI) stock
DHINYSEOperative BuildersFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026Score 13/3021% above fair value
$145.55+1.10 (+0.76%)
Close on Nov 13, 2026Market cap $40.71BP/E 13.8Yield 1.10%
Horton D R gross margin
Gross margin is gross profit as a percentage of revenue.
Horton D R's gross margin for the twelve months ending Jun 30, 2026 was 22.6%. For fiscal 2025 it was 23.7%, against 25.9% the year before. The highest annual figure on record is 31.4% in fiscal 2022.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 23.7% | −2.2 |
| FY2024 | Sep 30, 2024 | 25.9% | −0.5 |
| FY2023 | Sep 30, 2023 | 26.4% | −5.0 |
| FY2022 | Sep 30, 2022 | 31.4% | +3.0 |
| FY2021 | Sep 30, 2021 | 28.4% | +4.0 |
| FY2020 | Sep 30, 2020 | 24.3% | +2.3 |
| FY2019 | Sep 30, 2019 | 22.0% | −0.8 |
| FY2018 | Sep 30, 2018 | 22.8% | +1.2 |
| FY2017 | Sep 30, 2017 | 21.6% | −0.2 |
| FY2016 | Sep 30, 2016 | 21.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jun 30, 2026 | 23.3% | −0.7 |
| Q2 FY2026CQ1 2026 | Mar 31, 2026 | 22.5% | −2.0 |
| Q1 FY2026CQ4 2025 | Dec 31, 2025 | 23.2% | −1.9 |
| Q4 FY2025CQ3 2025 | Sep 30, 2025 | 21.7% | −3.9 |
| Q3 FY2025CQ2 2025 | Jun 30, 2025 | 23.9% | −2.6 |
| Q2 FY2025CQ1 2025 | Mar 31, 2025 | 24.6% | −1.0 |
| Q1 FY2025CQ4 2024 | Dec 31, 2024 | 25.1% | −0.9 |
| Q4 FY2024CQ3 2024 | Sep 30, 2024 | 25.5% | −1.3 |
| Q3 FY2024CQ2 2024 | Jun 30, 2024 | 26.5% | −0.1 |
| Q2 FY2024CQ1 2024 | Mar 31, 2024 | 25.6% | +0.8 |
| Q1 FY2024CQ4 2023 | Dec 31, 2023 | 26.0% | −1.1 |
| Q4 FY2023CQ3 2023 | Sep 30, 2023 | 26.9% | −3.0 |
| Q3 FY2023CQ2 2023 | Jun 30, 2023 | 26.6% | −6.5 |
| Q2 FY2023CQ1 2023 | Mar 31, 2023 | 24.8% | −7.3 |
| Q1 FY2023CQ4 2022 | Dec 31, 2022 | 27.1% | −3.4 |
| Q4 FY2022CQ3 2022 | Sep 30, 2022 | 29.9% | +0.2 |
| Q3 FY2022CQ2 2022 | Jun 30, 2022 | 33.1% | +4.7 |
| Q2 FY2022CQ1 2022 | Mar 31, 2022 | 32.1% | +4.3 |
| Q1 FY2022CQ4 2021 | Dec 31, 2021 | 30.4% | +3.5 |
| Q4 FY2021CQ3 2021 | Sep 30, 2021 | 29.7% | +3.9 |
| Q3 FY2021CQ2 2021 | Jun 30, 2021 | 28.4% | +4.2 |
| Q2 FY2021CQ1 2021 | Mar 31, 2021 | 27.9% | +4.5 |
| Q1 FY2021CQ4 2020 | Dec 31, 2020 | 27.0% | +3.7 |
| Q4 FY2020CQ3 2020 | Sep 30, 2020 | 25.7% | +2.8 |
| Q3 FY2020CQ2 2020 | Jun 30, 2020 | 24.2% | +2.3 |
| Q2 FY2020CQ1 2020 | Mar 31, 2020 | 23.3% | +2.2 |
| Q1 FY2020CQ4 2019 | Dec 31, 2019 | 23.3% | +1.5 |
| Q4 FY2019CQ3 2019 | Sep 30, 2019 | 23.0% | −0.3 |
| Q3 FY2019CQ2 2019 | Jun 30, 2019 | 21.9% | −1.5 |
| Q2 FY2019CQ1 2019 | Mar 31, 2019 | 21.1% | −0.8 |
| Q1 FY2019CQ4 2018 | Dec 31, 2018 | 21.8% | −0.8 |
| Q4 FY2018CQ3 2018 | Sep 30, 2018 | 23.2% | +1.7 |
| Q3 FY2018CQ2 2018 | Jun 30, 2018 | 23.4% | +1.8 |
| Q2 FY2018CQ1 2018 | Mar 31, 2018 | 22.0% | +0.4 |
| Q1 FY2018CQ4 2017 | Dec 31, 2017 | 22.6% | +0.7 |
| Q4 FY2017CQ3 2017 | Sep 30, 2017 | 21.5% | – |
| Q3 FY2017CQ2 2017 | Jun 30, 2017 | 21.6% | – |
| Q2 FY2017CQ1 2017 | Mar 31, 2017 | 21.6% | – |
| Q1 FY2017CQ4 2016 | Dec 31, 2016 | 21.9% | – |
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