D. R. Horton vs Lennar
D. R. Horton and Lennar are similar in size: $34.25bn and $34.19bn of revenue in their latest fiscal years. Lennar grew faster (-3.5% against -6.9%). D. R. Horton kept more of each dollar of sales as profit: a net margin of 10.5% against 6.1%. D. R. Horton carries less debt relative to equity (0.0% against 26.8%).
| Latest fiscal year | D. R. HortonDHI, 2025 | LennarLEN, 2025 |
|---|---|---|
| Revenue | $34.25bn | $34.19bn |
| Revenue growth | -6.9% | -3.5% |
| Net income | $3.59bn | $2.08bn |
| Operating margin | — | — |
| Net margin | 10.5% | 6.1% |
| Return on equity | 14.5% | 8.3% |
| Free cash flow | $3.28bn | $28.2m |
| Cash | $2.99bn | $3.76bn |
| Total debt | $0 | $5.87bn |
| Debt to equity | 0.0% | 26.8% |
| Dividend per share | $1.60 | — |
| Dividend yield | 1.2% | 2.3% |
| Share buybacks | $4.30bn | $1.81bn |
| Employees | 14,341 | — |
| Market value | $40.81bn | $20.53bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 69 (Moderate) | 62 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 0 sales |