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Horton D R vs NVR: DHI and NVR compared
Horton D R is the larger company: $9.4B of revenue in its latest quarter (Q4 FY26) against $2.4B for NVR (Q3 2026). Horton D R is growing faster (-3% against -8% a year earlier). NVR is more profitable, with an operating margin of 13.9% against 10.8%.
Where the money goes: DHI and NVR
Horton D R (DHI) · Q4 FY26
Horton D R, Q4 FY26: revenue $9.4B (-3% year over year), operating margin 10.8%, net earnings $742M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
NVR (NVR) · Q3 2026
NVR, Q3 2026: revenue $2.4B (-8% year over year), operating margin 13.9%, net earnings $249M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Horton D R (DHI) | NVR (NVR) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $9.4B | $2.4B |
| Revenue growth, Y/Y | -3% | -8% |
| Operating margin | 10.8% | 13.9% |
| Net earnings | $742M | $249M |
| Net margin | 7.9% | 10.3% |
| Operating cash flow | $2.6B | $224M |
| Free cash flow | $2.6B | $205M |
| Market value | $43.1B | $17.5B |
| P/E | 13.9× | 17.4× |
| Analysts’ mean target | $146.50 | $6229.67 |
Where the revenue comes from
NVR
- Home Building Segment: $2.3B (98%)
- Mortgage Banking: $53.1M (2%)
Questions
Which is bigger, Horton D R or NVR?
Horton D R is the larger company: $9.4B of revenue in its latest quarter (Q4 FY26) against $2.4B for NVR (Q3 2026).
Is Horton D R or NVR growing faster?
Horton D R is growing faster (-3% against -8% a year earlier).
Which is more profitable, Horton D R or NVR?
NVR is more profitable, with an operating margin of 13.9% against 10.8%.
More: Horton D R earnings · how Horton D R makes money · NVR earnings · how NVR makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.