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Horton D R vs Toll Brothers: DHI and TOL compared
Horton D R is the larger company: $9.4B of revenue in its latest quarter (Q4 FY26) against $2.7B for Toll Brothers (Q3 FY26). Horton D R is growing faster (-3% against -10% a year earlier). Toll Brothers is more profitable, with an operating margin of 13.5% against 10.8%.
Where the money goes: DHI and TOL
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.
Toll Brothers (TOL) · Q3 FY26
Toll Brothers, Q3 FY26: revenue $2.7B (-10% year over year), operating margin 13.5%, net earnings $280M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Horton D R (DHI) | Toll Brothers (TOL) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 FY26 |
| Revenue | $9.4B | $2.7B |
| Revenue growth, Y/Y | -3% | -10% |
| Operating margin | 10.8% | 13.5% |
| Net earnings | $742M | $280M |
| Net margin | 7.9% | 10.5% |
| Operating cash flow | $2.6B | $250M |
| Free cash flow | $2.6B | $220M |
| Market value | $43.1B | $14.5B |
| P/E | 13.9× | 12.1× |
| Analysts’ mean target | $146.50 | $169.11 |
Where the revenue comes from
Toll Brothers
- Home sales: $2.7B (100%)
- Land sales and other: $6.3M (0%)
- Management Fee: $953K (0%)
Questions
Which is bigger, Horton D R or Toll Brothers?
Horton D R is the larger company: $9.4B of revenue in its latest quarter (Q4 FY26) against $2.7B for Toll Brothers (Q3 FY26).
Is Horton D R or Toll Brothers growing faster?
Horton D R is growing faster (-3% against -10% a year earlier).
Which is more profitable, Horton D R or Toll Brothers?
Toll Brothers is more profitable, with an operating margin of 13.5% against 10.8%.
More: Horton D R earnings · how Horton D R makes money · Toll Brothers earnings · how Toll Brothers makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 29, 2026; 10-Q filed Aug 28, 2026). Fiscal quarters can end on different dates. Not investment advice.