DHI vs LEN
Horton D R Inc. and Lennar Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DHI | LEN |
|---|---|---|
| Revenue | $34.3B | $34.2B |
| Net income | $3.6B | $2.1B |
| Gross margin | 23.7% | · |
| Net margin | 10.6% | 6.2% |
| Return on equity | 14.5% | 8.3% |
| Diluted EPS | $11.57 | · |
| Dividend / share | $1.60 | · |
| Payout ratio | 13.8% | 25.1% |
| Free cash flow | $3.3B | $28.2M |
| Equity | $24.2B | $22.0B |
| Net debt / equity | 0.12× | 0.10× |
| Current ratio | · | · |
| Revenue CAGR 5y | 11.0% | 8.7% |
| Profit CAGR 5y | 8.6% | −3.4% |
DHI and LEN book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (10.6% against 6.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DHI | LEN |
|---|---|---|
| FY2025 | $34.3B | $34.2B |
| FY2024 | $36.8B | $35.4B |
| FY2023 | $35.5B | $34.2B |
| FY2022 | $33.5B | $33.7B |
| FY2021 | $27.8B | $27.1B |
| FY2020 | $20.3B | $22.5B |
| FY2019 | $17.6B | $22.3B |
| FY2018 | $16.1B | $20.6B |
| FY2017 | $14.1B | $12.6B |
| FY2016 | $12.2B | $10.9B |
Bottom line
| Fiscal year | DHI | LEN |
|---|---|---|
| FY2025 | $3.6B | $2.1B |
| FY2024 | $4.8B | $3.9B |
| FY2023 | $4.7B | $3.9B |
| FY2022 | $5.9B | $4.6B |
| FY2021 | $4.2B | $4.4B |
| FY2020 | $2.4B | $2.5B |
| FY2019 | $1.6B | $1.8B |
| FY2018 | $1.5B | $1.7B |
| FY2017 | $1.0B | $810.5M |
| FY2016 | $886.3M | $911.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$63,466,000 | DHI |
| FY2024 | +$1,359,948,000 | DHI |
| FY2023 | +$1,227,034,000 | DHI |
| FY2022 | −$191,010,000 | LEN |
| FY2021 | +$643,524,000 | DHI |
| FY2020 | −$2,177,754,000 | LEN |
| FY2019 | −$4,666,661,000 | LEN |
| FY2018 | −$4,503,631,000 | LEN |
| FY2017 | +$1,444,635,000 | DHI |
| FY2016 | +$1,207,401,000 | DHI |
| FY2015 | +$1,349,992,000 | DHI |
| FY2014 | +$245,088,000 | DHI |
| FY2013 | +$324,205,000 | DHI |
| FY2012 | +$248,868,000 | DHI |
| FY2011 | +$541,415,000 | DHI |
| FY2010 | +$1,326,178,000 | DHI |
| FY2009 | +$538,213,000 | DHI |
The higher-revenue side has changed between DHI and LEN over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.4 pp | DHI |
| FY2024 | +1.9 pp | DHI |
| FY2023 | +2.0 pp | DHI |
| FY2022 | +3.8 pp | DHI |
| FY2021 | −1.3 pp | LEN |
| FY2020 | +0.7 pp | DHI |
| FY2019 | +0.9 pp | DHI |
| FY2018 | +0.8 pp | DHI |
| FY2017 | +1.3 pp | DHI |
| FY2016 | −1.0 pp | LEN |
| FY2015 | −1.7 pp | LEN |
| FY2014 | −1.4 pp | LEN |
| FY2013 | −1.1 pp | LEN |
| FY2012 | +6.0 pp | DHI |
| FY2011 | −1.7 pp | LEN |
| FY2010 | +1.7 pp | DHI |
| FY2009 | −0.7 pp | LEN |
The higher net margin has changed hands between DHI and LEN over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DHI's net margin has been more volatile than LEN's over the 17 comparable fiscal years — 7.6 percentage points of standard deviation against 6.6.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DHI and LEN over these 17 fiscal years — DHI led in 10 and LEN in 7.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DHI's return on equity has been more volatile than LEN's over the 18 comparable fiscal years — 27.3 percentage points of standard deviation against 14.6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DHI and LEN over these 18 fiscal years — DHI led in 11 and LEN in 7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.