DHI vs TOL
Horton D R Inc. and Toll Brothers, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DHI | TOL |
|---|---|---|
| Revenue | $34.3B | $11.0B |
| Net income | $3.6B | $1.3B |
| Gross margin | 23.7% | 25.1% |
| Net margin | 10.6% | 12.3% |
| Return on equity | 14.5% | 16.9% |
| Diluted EPS | $11.57 | $13.49 |
| Dividend / share | $1.60 | $0.98 |
| Payout ratio | 13.8% | 7.2% |
| Free cash flow | $3.3B | $1.0B |
| Equity | $24.2B | $8.3B |
| Net debt / equity | 0.12× | −0.12× |
| Current ratio | · | · |
| Revenue CAGR 5y | 11.0% | 9.2% |
| Profit CAGR 5y | 8.6% | 24.7% |
DHI bills 3.1× the revenue of TOL, and TOL keeps more of each dollar of revenue as profit (12.3% 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.
9 years side by side
| Fiscal year | DHI | TOL |
|---|---|---|
| FY2025 | $34.3B | $11.0B |
| FY2024 | $36.8B | $10.8B |
| FY2023 | $35.5B | $10.0B |
| FY2022 | $33.5B | $10.3B |
| FY2021 | $27.8B | $8.8B |
| FY2020 | $20.3B | $7.1B |
| FY2019 | $17.6B | $7.2B |
| FY2018 | $16.1B | $7.1B |
| FY2017 | $14.1B | $5.8B |
Bottom line
| Fiscal year | DHI | TOL |
|---|---|---|
| FY2025 | $3.6B | $1.3B |
| FY2024 | $4.8B | $1.6B |
| FY2023 | $4.7B | $1.4B |
| FY2022 | $5.9B | $1.3B |
| FY2021 | $4.2B | $833.6M |
| FY2020 | $2.4B | $446.6M |
| FY2019 | $1.6B | $590.0M |
| FY2018 | $1.5B | $748.2M |
| FY2017 | $1.0B | $535.5M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$23,283,677,000 | DHI |
| FY2024 | +$25,954,660,000 | DHI |
| FY2023 | +$25,465,463,000 | DHI |
| FY2022 | +$23,204,442,000 | DHI |
| FY2021 | +$18,983,839,000 | DHI |
| FY2020 | +$13,233,441,000 | DHI |
| FY2019 | +$10,368,934,000 | DHI |
| FY2018 | +$8,924,742,000 | DHI |
| FY2017 | +$8,275,942,000 | DHI |
DHI has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.7 pp | TOL |
| FY2024 | −1.4 pp | TOL |
| FY2023 | −0.2 pp | TOL |
| FY2022 | +5.1 pp | DHI |
| FY2021 | +5.6 pp | DHI |
| FY2020 | +5.4 pp | DHI |
| FY2019 | +1.0 pp | DHI |
| FY2018 | −1.4 pp | TOL |
| FY2017 | −1.8 pp | TOL |
The higher net margin has changed hands between DHI and TOL over this period.
9 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 TOL's over the 9 comparable fiscal years — 3.1 percentage points of standard deviation against 2.6.
9 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 TOL over these 9 fiscal years — DHI led in 4 and TOL in 5.
9 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 TOL's over the 18 comparable fiscal years — 27.3 percentage points of standard deviation against 11.8.
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 TOL over these 18 fiscal years — DHI led in 15 and TOL in 3.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.