DHI vs NVR
Horton D R Inc. and NVR Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DHI | NVR |
|---|---|---|
| Revenue | $34.3B | $10.3B |
| Net income | $3.6B | $1.3B |
| Gross margin | 23.7% | · |
| Net margin | 10.6% | 13.0% |
| Return on equity | 14.5% | 33.2% |
| Diluted EPS | $11.57 | $436.55 |
| Dividend / share | $1.60 | · |
| Payout ratio | 13.8% | · |
| Free cash flow | $3.3B | $1.1B |
| Equity | $24.2B | $3.9B |
| Net debt / equity | 0.12× | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 11.0% | 6.5% |
| Profit CAGR 5y | 8.6% | 8.3% |
DHI bills 3.3× the revenue of NVR, and NVR keeps more of each dollar of revenue as profit (13.0% against 10.6%).
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 | NVR |
|---|---|---|
| FY2025 | $34.3B | $10.3B |
| FY2024 | $36.8B | $10.5B |
| FY2023 | $35.5B | $9.5B |
| FY2022 | $33.5B | $10.5B |
| FY2021 | $27.8B | $9.0B |
| FY2020 | $20.3B | $7.5B |
| FY2019 | $17.6B | $7.4B |
| FY2018 | $16.1B | $7.2B |
| FY2017 | $14.1B | $6.3B |
| FY2016 | $12.2B | $5.8B |
Bottom line
| Fiscal year | DHI | NVR |
|---|---|---|
| FY2025 | $3.6B | $1.3B |
| FY2024 | $4.8B | $1.7B |
| FY2023 | $4.7B | $1.6B |
| FY2022 | $5.9B | $1.7B |
| FY2021 | $4.2B | $1.2B |
| FY2020 | $2.4B | $901.2M |
| FY2019 | $1.6B | $878.5M |
| FY2018 | $1.5B | $797.2M |
| FY2017 | $1.0B | $537.5M |
| FY2016 | $886.3M | $425.3M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$23,926,441,000 | DHI |
| FY2024 | +$26,276,921,000 | DHI |
| FY2023 | +$25,942,198,000 | DHI |
| FY2022 | +$22,953,566,000 | DHI |
| FY2021 | +$18,823,175,000 | DHI |
| FY2020 | +$12,774,177,000 | DHI |
| FY2019 | +$10,204,236,000 | DHI |
| FY2018 | +$8,904,326,000 | DHI |
| FY2017 | +$7,785,160,000 | DHI |
| FY2016 | +$6,334,856,000 | DHI |
| FY2015 | +$5,664,992,000 | DHI |
| FY2014 | +$3,580,332,000 | DHI |
| FY2013 | +$2,048,033,000 | DHI |
| FY2012 | +$1,169,350,000 | DHI |
| FY2011 | +$977,651,000 | DHI |
| FY2010 | +$1,358,308,000 | DHI |
| FY2009 | +$913,752,000 | DHI |
DHI has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.4 pp | NVR |
| FY2024 | −2.9 pp | NVR |
| FY2023 | −3.2 pp | NVR |
| FY2022 | +1.2 pp | DHI |
| FY2021 | +1.3 pp | DHI |
| FY2020 | −0.2 pp | NVR |
| FY2019 | −2.7 pp | NVR |
| FY2018 | −2.0 pp | NVR |
| FY2017 | −1.2 pp | NVR |
| FY2016 | −0.0 pp | NVR |
| FY2015 | −0.5 pp | NVR |
| FY2014 | +0.3 pp | DHI |
| FY2013 | +1.1 pp | DHI |
| FY2012 | +16.3 pp | DHI |
| FY2011 | −2.9 pp | NVR |
| FY2010 | −1.2 pp | NVR |
| FY2009 | −22.0 pp | NVR |
The higher net margin has changed hands between DHI and NVR over this period.
17 of 17 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 NVR's over the 17 comparable fiscal years — 7.6 percentage points of standard deviation against 3.9.
17 of 17 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 NVR over these 17 fiscal years — DHI led in 5 and NVR in 12.
17 of 17 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 NVR's over the 18 comparable fiscal years — 27.3 percentage points of standard deviation against 13.8.
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 NVR over these 18 fiscal years — DHI led in 1 and NVR in 17.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.