D. R. Horton vs NVR
D. R. Horton reported revenue of $34.3 billion in fiscal 2025, 3.3 times NVR's $10.3 billion in fiscal 2025. D. R. Horton's revenue fell 6.9% in its latest year, and NVR's fell 1.9%. Free cash flow was $3.3 billion at D. R. Horton and $1.1 billion at NVR. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| D. R. Horton | NVR | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $34.3B | $10.3B |
| Revenue growth | −6.9% | −1.9% |
| Revenue growth a year, last 5 years | 11.0% | 6.5% |
| Gross margin | 23.7% | — |
| Operating margin | — | — |
| Net margin | 10.5% | 13.0% |
| Free cash flow | $3.3B | $1.1B |
| Free cash flow margin | 9.6% | 10.6% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $4.8B | $1.8B |
| Change in diluted share count | −6.5% | −7.5% |
| Last close | $146.52 | $5,727.77 |
| P/E at the last close | 13.9× | 14.9× |
| Insider trades, last 12 months | sold $43,563 | bought $577,832, sold $9.0 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
D. R. HortonNVR
Operating margin
Percent of revenue
D. R. HortonNVR
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
D. R. HortonNVR
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the D. R. Horton and NVR pages.