undamentalytics Newsletter

Homebuilding stocks

18 US-listed companies in homebuilding, with $141.9bn of combined revenue in their latest fiscal years. D. R. Horton is the largest ($34.3bn). The fastest grower with at least $100m of revenue in both years is Cavco Industries, Inc., up 11.4%. The median company grew −1.9% with a net margin of 8.5%.

Companies18
Combined revenue$141.9bn
Median revenue growth−1.9%
Median net margin8.5%
Median return on equity13.3%
#CompanyRevenueGrowthNet marginROEFiscal year
1 D. R. HortonDHI $34.3bn −6.9% 10.5% 14.5% 2025
2 LennarLEN $34.2bn −3.5% 6.1% 8.3% 2025
3 PulteGroupPHM $17.3bn −3.5% 12.8% 17.7% 2025
4 Toll Brothers, Inc.TOL $11.0bn 1.1% 12.3% 16.9% 2025
5 NVR, Inc.NVR $10.3bn −1.9% 13.0% 33.2% 2025
6 KB HomeKBH $6.2bn −10.0% 6.9% 10.8% 2025
7 M/i Homes, Inc.MHO $4.4bn −1.9% 9.1% 13.2% 2025
8 Dream Finders Homes, Inc.DFH $4.3bn −2.9% 5.0% 16.3% 2025
9 Century Communities, Inc.CCS $4.1bn −6.4% 3.6% 5.7% 2025
10 Hovnanian Enterprises IncHOV $3.0bn −0.9% 1.7% 6.3% 2025
11 Installed Building Products, Inc.IBP $3.0bn 1.0% 8.9% 37.5% 2025
12 Champion Homes, Inc.SKY $2.7bn 7.3% 7.8% 13.3% 2026
13 Cavco Industries, Inc.CVCO $2.2bn 11.4% 8.5% 17.6% 2026
14 Green Brick Partners, Inc.GRBK $2.0bn −1.0% 15.4% 18.0% 2025
15 LGI Homes, Inc.LGIH $1.7bn −22.6% 4.3% 3.5% 2025
16 Smith Douglas Homes Corp.SDHC $971m −0.4% 1.1% 13.3% 2025
17 Legacy Housing CorpLEGH $165m −10.7% 25.4% 8.2% 2025
18 Springview Holdings LTDSPHL $6m −9.3% −30.1% −35.9% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other consumer discretionary industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.