DHI vs PHM
Horton D R Inc. and PulteGroup Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DHI | PHM |
|---|---|---|
| Revenue | $34.3B | $17.3B |
| Net income | $3.6B | $2.2B |
| Gross margin | 23.7% | · |
| Net margin | 10.6% | 12.8% |
| Return on equity | 14.5% | 17.7% |
| Diluted EPS | $11.57 | $11.12 |
| Dividend / share | $1.60 | $0.92 |
| Payout ratio | 13.8% | 8.0% |
| Free cash flow | $3.3B | $1.7B |
| Equity | $24.2B | $13.0B |
| Net debt / equity | 0.12× | −0.15× |
| Current ratio | · | · |
| Revenue CAGR 5y | 11.0% | 9.4% |
| Profit CAGR 5y | 8.6% | 9.5% |
DHI bills 2.0× the revenue of PHM, and PHM keeps more of each dollar of revenue as profit (12.8% 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 | PHM |
|---|---|---|
| FY2025 | $34.3B | $17.3B |
| FY2024 | $36.8B | $17.9B |
| FY2023 | $35.5B | $16.1B |
| FY2022 | $33.5B | $16.0B |
| FY2021 | $27.8B | $13.7B |
| FY2020 | $20.3B | $11.0B |
| FY2019 | $17.6B | $10.2B |
| FY2018 | $16.1B | $10.2B |
| FY2017 | $14.1B | $8.6B |
| FY2016 | $12.2B | $7.7B |
Bottom line
| Fiscal year | DHI | PHM |
|---|---|---|
| FY2025 | $3.6B | $2.2B |
| FY2024 | $4.8B | $3.1B |
| FY2023 | $4.7B | $2.6B |
| FY2022 | $5.9B | $2.6B |
| FY2021 | $4.2B | $1.9B |
| FY2020 | $2.4B | $1.4B |
| FY2019 | $1.6B | $1.0B |
| FY2018 | $1.5B | $1.0B |
| FY2017 | $1.0B | $447.2M |
| FY2016 | $886.3M | $602.7M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$16,938,447,000 | DHI |
| FY2024 | +$18,854,450,000 | DHI |
| FY2023 | +$19,398,822,000 | DHI |
| FY2022 | +$17,477,021,000 | DHI |
| FY2021 | +$14,037,205,000 | DHI |
| FY2020 | +$9,275,018,000 | DHI |
| FY2019 | +$7,379,943,000 | DHI |
| FY2018 | +$5,879,669,000 | DHI |
| FY2017 | +$5,513,314,000 | DHI |
| FY2016 | +$4,480,870,000 | DHI |
| FY2015 | +$4,842,036,000 | DHI |
| FY2014 | +$2,202,537,000 | DHI |
| FY2013 | +$579,705,000 | DHI |
| FY2012 | −$465,998,000 | PHM |
| FY2011 | −$499,890,000 | PHM |
| FY2010 | −$169,090,000 | PHM |
| FY2009 | −$426,789,000 | PHM |
The higher-revenue side has changed between DHI and PHM over this period. The gap has widened 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 | −2.2 pp | PHM |
| FY2024 | −4.1 pp | PHM |
| FY2023 | −2.7 pp | PHM |
| FY2022 | +1.3 pp | DHI |
| FY2021 | +0.9 pp | DHI |
| FY2020 | −1.0 pp | PHM |
| FY2019 | −0.8 pp | PHM |
| FY2018 | −0.9 pp | PHM |
| FY2017 | +2.2 pp | DHI |
| FY2016 | −0.6 pp | PHM |
| FY2015 | −1.3 pp | PHM |
| FY2014 | −1.5 pp | PHM |
| FY2013 | −38.7 pp | PHM |
| FY2012 | +17.7 pp | DHI |
| FY2011 | +7.1 pp | DHI |
| FY2010 | +29.6 pp | DHI |
| FY2009 | +13.9 pp | DHI |
The higher net margin has changed hands between DHI and PHM over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PHM's net margin has been more volatile than DHI's over the 17 comparable fiscal years — 16.0 percentage points of standard deviation against 7.6.
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 PHM over these 17 fiscal years — DHI led in 7 and PHM in 10.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PHM's return on equity has been more volatile than DHI's over the 18 comparable fiscal years — 29.5 percentage points of standard deviation against 27.3.
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 PHM over these 18 fiscal years — DHI led in 10 and PHM in 8.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.