D. R. Horton vs PulteGroup
D. R. Horton is the larger business, with $34.25bn of revenue in fiscal 2025 against $17.31bn for PulteGroup (2.0 times as much). PulteGroup grew faster (-3.5% against -6.9%). PulteGroup kept more of each dollar of sales as profit: a net margin of 12.8% against 10.5%. D. R. Horton carries less debt relative to equity (0.0% against 0.3%).
| Latest fiscal year | D. R. HortonDHI, 2025 | PulteGroupPHM, 2025 |
|---|---|---|
| Revenue | $34.25bn | $17.31bn |
| Revenue growth | -6.9% | -3.5% |
| Net income | $3.59bn | $2.22bn |
| Operating margin | — | — |
| Net margin | 10.5% | 12.8% |
| Return on equity | 14.5% | 17.7% |
| Free cash flow | $3.28bn | $1.75bn |
| Cash | $2.99bn | $1.98bn |
| Total debt | $0 | $43.9m |
| Debt to equity | 0.0% | 0.3% |
| Dividend per share | $1.60 | $0.92 |
| Dividend yield | 1.2% | 0.8% |
| Share buybacks | $4.30bn | $1.20bn |
| Employees | 14,341 | 6,506 |
| Market value | $40.81bn | $23.85bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 69 (Moderate) | 77 (Strong) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 8 sales |