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Horton D R vs Pultegroup: revenue, profit, margins and growth compared

Horton D R brought in $34.3B of revenue in fiscal 2025, Pultegroup $17.3B in fiscal 2025. Revenue changed by -6.9% at Horton D R and -3.5% at Pultegroup on the year before, so Pultegroup grew faster. Horton D R kept 10.5% of its revenue as net profit, Pultegroup 12.8%. Free cash flow was $3.3B at Horton D R and $1.7B at Pultegroup.

Side by side, latest fiscal year

DHIPHM
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$34.3B$17.3B
Revenue growth-6.9%-3.5%
Net income$3.6B$2.2B
Net margin10.5%12.8%
Free cash flow$3.3B$1.7B
Free cash flow margin9.6%10.1%
Earnings per share (diluted)$11.57$11.12
Cash$3B$2B
Debtn/a$43.9M
Price to earnings12.210.8
Market value$39.6B$22.5B
Dividend yield1.13%0.77%
Rank by revenue in sector#29 of 778 · Consumer discretionary#71 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: $34.3BPHM FY2018: $10.2BPHM FY2019: $10.2BPHM FY2020: $11BPHM FY2021: $13.7BPHM FY2022: $16BPHM FY2023: $16.1BPHM FY2024: $17.9BPHM FY2025: $17.3BFY18FY19FY20FY21FY22FY23FY24FY25
DHI $34.3BPHM $17.3B
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: $3.6BPHM FY2018: $1BPHM FY2019: $1BPHM FY2020: $1.4BPHM FY2021: $1.9BPHM FY2022: $2.6BPHM FY2023: $2.6BPHM FY2024: $3.1BPHM FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
DHI $3.6BPHM $2.2B
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%PHM FY2018: 10.0%PHM FY2019: 10.0%PHM FY2020: 12.7%PHM FY2021: 14.2%PHM FY2022: 16.4%PHM FY2023: 16.2%PHM FY2024: 17.2%PHM FY2025: 12.8%FY18FY19FY20FY21FY22FY23FY24FY25
DHI 10.5%PHM 12.8%
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%PHM FY2019: +0.2%PHM FY2020: +8.1%PHM FY2021: +24.5%PHM FY2022: +16.5%PHM FY2023: +0.4%PHM FY2024: +11.7%PHM FY2025: -3.5%FY19FY20FY21FY22FY23FY24FY25
DHI -6.9%PHM -3.5%
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: $3.3BPHM FY2018: $1.4BPHM FY2019: $1BPHM FY2020: $1.7BPHM FY2021: $931.2MPHM FY2022: $555.8MPHM FY2023: $2.1BPHM FY2024: $1.6BPHM FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
DHI $3.3BPHM $1.7B

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

Questions about Horton D R and Pultegroup

Which is bigger by revenue, Horton D R or Pultegroup?

Horton D R is bigger by revenue: $34.3B in fiscal 2025, against $17.3B for Pultegroup in fiscal 2025.

Which keeps more of its revenue as profit, Horton D R or Pultegroup?

Horton D R had a net margin of 10.5% in fiscal 2025; Pultegroup had 12.8% in fiscal 2025.

Which grew revenue faster, Horton D R or Pultegroup?

In their latest fiscal years revenue changed by -6.9% at Horton D R and -3.5% at Pultegroup.

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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