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Operating Margin for D.R. Horton (DHI)

As of · Reported

Metric

TTM

11.8%

YoY change

−3.70pp

Trough year (2008)

-38.0%

Peak year (2022)

23.0%

Operating Margin history chart for D.R. Horton (DHI) from 1991 to 2025

Latest: 12.9%

Operating Margin change chart for D.R. Horton (DHI) from 1991 to 2025

Latest: −3.70pp

Operating Margin history table for D.R. Horton (DHI) from 1991 to 2025

  • 202512.9%-3.70pp
  • 202416.6%-0.99pp
  • 202317.6%-5.42pp
  • 202223.0%+3.61pp
  • 202119.4%+4.86pp
  • 202014.5%+2.87pp
  • 201911.7%-1.02pp
  • 201812.7%+0.89pp
  • 201711.8%+0.43pp
  • 201611.4%+0.80pp
  • 201510.6%+0.49pp
  • 201410.1%-0.13pp
  • 201310.2%+4.53pp
  • 20125.7%+4.11pp
  • 20111.6%-2.37pp
  • 20103.9%+17.12pp
  • 2009-13.2%+24.85pp
  • 2008-38.0%-33.75pp
  • 2007-4.3%-17.40pp
  • 200613.1%-3.83pp
  • 200516.9%+2.52pp
  • 200414.4%+2.89pp
  • 200311.5%+1.75pp
  • 20029.8%-0.28pp
  • 200110.1%+1.41pp
  • 20008.7%+0.01pp
  • 19998.7%+0.41pp
  • 19988.3%-5.37pp
  • 199713.6%-3.66pp
  • 199617.3%+9.69pp
  • 19957.6%+0.45pp
  • 19947.1%-0.06pp
  • 19937.2%-1.50pp
  • 19928.7%0.00pp
  • 19918.7%—

Operating Margin values are taken from D.R. Horton's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at D.R. Horton (DHI)

According to D.R. Horton's latest reported financial statements, the company's latest reported operating margin is 11.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, D.R. Horton (DHI) operating margin totalled 12.92% – contracted 3.7 percentage points year-over-year.

The record annual operating margin stands at 23.02%, reached in 2022; the historical low of -38.03% was recorded in 2008.

D.R. Horton Operating Margin by Year

D.R. Horton Operating Margin 2025: 12.9%

In 2025, D.R. Horton reported operating margin of 12.92%, contracted 3.7 percentage points from 2024.

D.R. Horton Operating Margin 2024: 16.6%

D.R. Horton operating margin in 2024 was 16.61%, contracted 1.0 percentage points from 2023.

D.R. Horton Operating Margin 2023: 17.6%

2023's operating margin for D.R. Horton came in at 17.60%, contracted 5.4 percentage points from 2022.

D.R. Horton Operating Margin 2022: 23.0%

D.R. Horton posted operating margin of 23.02% in 2022, expanded 3.6 percentage points from 2021. This figure represents the highest annual value in the available history.

D.R. Horton Operating Margin 2021: 19.4%

D.R. Horton operating margin in 2021 was 19.41%.

See more financial history for D.R. Horton (DHI).

Sector peers by Operating Margin

Consumer Cyclical peers of D.R. Horton (DHI), ranked by their latest operating margin

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