Invesaro

Stocks Comparison

Horton D R vs M/I Homes: revenue, profit, margins and growth compared

Horton D R brought in $34.3B of revenue in fiscal 2025, M/I Homes $4.4B in fiscal 2025. Revenue changed by -6.9% at Horton D R and -1.9% at M/I Homes on the year before, so M/I Homes grew faster. Horton D R kept 10.5% of its revenue as net profit, M/I Homes 9.1%. Free cash flow was $3.3B at Horton D R and $127.7M at M/I Homes.

Side by side, latest fiscal year

DHIMHO
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$34.3B$4.4B
Revenue growth-6.9%-1.9%
Net income$3.6B$402.9M
Net margin10.5%9.1%
Free cash flow$3.3B$127.7M
Free cash flow margin9.6%2.9%
Earnings per share (diluted)$11.57$14.74
Cash$3B$689.2M
Debtn/an/a
Price to earnings12.29.4
Market value$39.6B$3.5B
Dividend yield1.13%n/a
Rank by revenue in sector#29 of 778 · Consumer discretionary#221 of 778 · Consumer discretionary

Over the years

Revenue
DHI FY2018: $16.1BDHI FY2019: $17.6BDHI FY2020: $20.3BDHI FY2021: $27.8BDHI FY2022: $33.5BDHI FY2023: $35.5BDHI FY2024: $36.8BDHI FY2025: $34.3BMHO FY2018: $2.3BMHO FY2019: $2.5BMHO FY2020: $3BMHO FY2021: $3.7BMHO FY2022: $4.1BMHO FY2023: $4BMHO FY2024: $4.5BMHO FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
DHI $34.3BMHO $4.4B
Net income
DHI FY2018: $1.5BDHI FY2019: $1.6BDHI FY2020: $2.4BDHI FY2021: $4.2BDHI FY2022: $5.9BDHI FY2023: $4.7BDHI FY2024: $4.8BDHI FY2025: $3.6BMHO FY2018: $107.7MMHO FY2019: $127.6MMHO FY2020: $239.9MMHO FY2021: $396.9MMHO FY2022: $490.7MMHO FY2023: $465.4MMHO FY2024: $563.7MMHO FY2025: $402.9MFY18FY19FY20FY21FY22FY23FY24FY25
DHI $3.6BMHO $402.9M
Net margin
DHI FY2018: 9.1%DHI FY2019: 9.2%DHI FY2020: 11.7%DHI FY2021: 15.0%DHI FY2022: 17.5%DHI FY2023: 13.4%DHI FY2024: 12.9%DHI FY2025: 10.5%MHO FY2018: 4.7%MHO FY2019: 5.1%MHO FY2020: 7.9%MHO FY2021: 10.6%MHO FY2022: 11.9%MHO FY2023: 11.5%MHO FY2024: 12.5%MHO FY2025: 9.1%FY18FY19FY20FY21FY22FY23FY24FY25
DHI 10.5%MHO 9.1%
Revenue growth
DHI FY2019: +9.5%DHI FY2020: +15.5%DHI FY2021: +36.7%DHI FY2022: +20.5%DHI FY2023: +5.9%DHI FY2024: +3.8%DHI FY2025: -6.9%MHO FY2019: +9.4%MHO FY2020: +21.8%MHO FY2021: +23.0%MHO FY2022: +10.3%MHO FY2023: -2.4%MHO FY2024: +11.7%MHO FY2025: -1.9%FY19FY20FY21FY22FY23FY24FY25
DHI -6.9%MHO -1.9%
Free cash flow
DHI FY2018: $477.1MDHI FY2019: $764.9MDHI FY2020: $1.3BDHI FY2021: $440.9MDHI FY2022: $413.6MDHI FY2023: $4.2BDHI FY2024: $2BDHI FY2025: $3.3BMHO FY2018: -$10.7MMHO FY2019: $61.1MMHO FY2020: $156.7MMHO FY2021: -$42.1MMHO FY2022: $174.7MMHO FY2023: $546.4MMHO FY2024: $171.3MMHO FY2025: $127.7MFY18FY19FY20FY21FY22FY23FY24FY25
DHI $3.3BMHO $127.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Horton D R and M/I Homes

Which is bigger by revenue, Horton D R or M/I Homes?

Horton D R is bigger by revenue: $34.3B in fiscal 2025, against $4.4B for M/I Homes in fiscal 2025.

Which keeps more of its revenue as profit, Horton D R or M/I Homes?

Horton D R had a net margin of 10.5% in fiscal 2025; M/I Homes had 9.1% in fiscal 2025.

Which grew revenue faster, Horton D R or M/I Homes?

In their latest fiscal years revenue changed by -6.9% at Horton D R and -1.9% at M/I Homes.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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