DHI vs. TOL: D.R. Horton vs. Toll Brothers Stock Comparison

June 23, 2026

How do D.R. Horton (DHI) and Toll Brothers (TOL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

D.R. Horton (DHI) and Toll Brothers (TOL) are both classified in the Homebuilding sub-industry within the broader Household Durables industry, placing them in the closest GICS peer bucket.

Company profile comparison for D.R. Horton (DHI) and Toll Brothers (TOL)
Profile Item	DHI	TOL
Name	D.R. Horton, Inc.	Toll Brothers Inc
Country/Region	United States	United States
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Durables & Apparel	Consumer Durables & Apparel
GICS Industry	Household Durables	Household Durables
GICS Sub-Industry	Homebuilding	Homebuilding
Market Capitalization	44.22 billion USD	14.20 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 5, 1992	July 8, 1986
Security Type	Common Stock	Common Stock

Performance

Cumulative Growth

DHI

TOL

D.R. Horton (DHI) vs. Toll Brothers (TOL): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for D.R. Horton (DHI) and Toll Brothers (TOL). Returns over one year are annualized.

Performance at a Glance

Performance metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Total Return (1Y)	27.01%	41.35%

Risk

Drawdown

DHI

TOL

D.R. Horton (DHI) vs. Toll Brothers (TOL): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Volatility (1Y, Annualized)	39.05%	34.81%
Beta (5Y)	1.37	1.35
Avg. Volume (3M)	2.48M	1.14M

Profitability

ROE (TTM)

Both D.R. Horton (DHI) at 13.08% and Toll Brothers (TOL) at 15.66% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

DHI

Consumer Durables & Apparel industry group

13.08%

Max: 35.09%
Q3: 17.68%
DHI: 13.08%
Median: 10.01%
Q1: 4.69%
Min: -12.26%

TOL

Consumer Durables & Apparel industry group

15.66%

Max: 35.09%
Q3: 17.68%
TOL: 15.66%
Median: 10.01%
Q1: 4.69%
Min: -12.26%

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their ROE against the Consumer Durables & Apparel industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both D.R. Horton (DHI) at 9.51% and Toll Brothers (TOL) at 11.66% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

DHI

Consumer Durables & Apparel industry group

9.51%

Max: 18.71%
DHI: 9.51%
Q3: 8.48%
Median: 4.96%
Q1: 1.57%
Min: -6.07%

TOL

Consumer Durables & Apparel industry group

11.66%

Max: 18.71%
TOL: 11.66%
Q3: 8.48%
Median: 4.96%
Q1: 1.57%
Min: -6.07%

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Toll Brothers (TOL) at 15.08% operates in the top operating margin quartile, ahead of D.R. Horton (DHI) at 11.26%, which runs around its industry’s norm.

DHI

Consumer Durables & Apparel industry group

11.26%

Max: 26.93%
Q3: 13.28%
DHI: 11.26%
Median: 8.03%
Q1: 3.82%
Min: -9.19%

TOL

Consumer Durables & Apparel industry group

15.08%

Max: 26.93%
TOL: 15.08%
Q3: 13.28%
Median: 8.03%
Q1: 3.82%
Min: -9.19%

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability at a Glance

Profitability metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
ROE (TTM)	13.08%	15.66%
ROA (TTM)	7.30%	7.53%
Net Margin (TTM)	9.51%	11.66%
Operating Margin (TTM)	11.26%	15.08%
Gross Margin (TTM)	21.60%	25.20%

Growth

Revenue Growth

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

Revenue growth metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Revenue Growth (YoY)	-6.93%	1.11%
Revenue Growth (3Y CAGR)	0.76%	2.19%

EPS Growth

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

EPS growth metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
EPS Growth (YoY)	-19.32%	-10.13%
EPS Growth (3Y CAGR)	-11.18%	7.36%

Financial Strength

Current Ratio (MRQ)

Both D.R. Horton (DHI) at 6.37 and Toll Brothers (TOL) at 4.60 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

DHI

Consumer Durables & Apparel industry group

6.37

Max: 8.27
DHI: 6.37
Q3: 4.35
Median: 2.42
Q1: 1.67
Min: 0.78

TOL

Consumer Durables & Apparel industry group

4.60

Max: 8.27
TOL: 4.60
Q3: 4.35
Median: 2.42
Q1: 1.67
Min: 0.78

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Both D.R. Horton (DHI) at 0.27 and Toll Brothers (TOL) at 0.34 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

DHI

Consumer Durables & Apparel industry group

0.27

Max: 2.69
Q3: 1.30
Median: 0.52
DHI: 0.27
Q1: 0.24
Min: 0.00

TOL

Consumer Durables & Apparel industry group

0.34

Max: 2.69
Q3: 1.30
Median: 0.52
TOL: 0.34
Q1: 0.24
Min: 0.00

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their debt-to-equity ratio against the Consumer Durables & Apparel industry group benchmark.

Financial Strength at a Glance

Financial strength metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Current Ratio (MRQ)	6.37	4.60
Debt / Equity (MRQ)	0.27	0.34
Net Debt / EBITDA	1.11	1.01

Dividends

Dividend Yield (TTM)

Both D.R. Horton (DHI) at 1.08% and Toll Brothers (TOL) at 0.65% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

DHI

Consumer Durables & Apparel industry group

1.08%

Max: 4.48%
Q3: 2.26%
DHI: 1.08%
Median: 0.72%
Q1: 0.00%
Min: 0.00%

TOL

Consumer Durables & Apparel industry group

0.65%

Max: 4.48%
Q3: 2.26%
Median: 0.72%
TOL: 0.65%
Q1: 0.00%
Min: 0.00%

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their dividend yield against the Consumer Durables & Apparel industry group benchmark.

Dividend Payout Ratio (TTM)

Both D.R. Horton (DHI) at 15.96% and Toll Brothers (TOL) at 7.67% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

DHI

Consumer Durables & Apparel industry group

15.96%

Max: 99.29%
Q3: 40.18%
DHI: 15.96%
Median: 10.85%
Q1: 0.00%
Min: 0.00%

TOL

Consumer Durables & Apparel industry group

7.67%

Max: 99.29%
Q3: 40.18%
Median: 10.85%
TOL: 7.67%
Q1: 0.00%
Min: 0.00%

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividends at a Glance

Dividend metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Dividend Yield (TTM)	1.08%	0.65%
Dividend Payout Ratio (TTM)	15.96%	7.67%

Valuation

P/E Ratio (TTM)

Toll Brothers (TOL) at 11.54 sits in the cheaper P/E ratio quartile, while D.R. Horton (DHI) at 14.64 is closer to its industry’s usual earnings multiple — a discount for TOL, though growth and earnings durability still matter.

DHI

Consumer Durables & Apparel industry group

14.64

Max: 50.73
Q3: 29.56
Median: 19.68
DHI: 14.64
Q1: 13.70
Min: 6.62

TOL

Consumer Durables & Apparel industry group

11.54

Max: 50.73
Q3: 29.56
Median: 19.68
Q1: 13.70
TOL: 11.54
Min: 6.62

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both D.R. Horton (DHI) at 1.33 and Toll Brothers (TOL) at 1.29 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

DHI

Consumer Durables & Apparel industry group

1.33

Max: 3.87
Q3: 1.91
DHI: 1.33
Median: 1.12
Q1: 0.59
Min: 0.01

TOL

Consumer Durables & Apparel industry group

1.29

Max: 3.87
Q3: 1.91
TOL: 1.29
Median: 1.12
Q1: 0.59
Min: 0.01

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both D.R. Horton (DHI) at 1.88 and Toll Brothers (TOL) at 1.68 are valued close to their industries’ norm against book — neither stands out from peers.

DHI

Consumer Durables & Apparel industry group

1.88

Max: 8.92
Q3: 4.38
Median: 2.01
DHI: 1.88
Q1: 1.08
Min: 0.61

TOL

Consumer Durables & Apparel industry group

1.68

Max: 8.92
Q3: 4.38
Median: 2.01
TOL: 1.68
Q1: 1.08
Min: 0.61

D.R. Horton (DHI) vs. Toll Brothers (TOL): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation at a Glance

Valuation metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
P/E Ratio (TTM)	14.64	11.54
P/S Ratio (TTM)	1.33	1.29
P/B Ratio (MRQ)	1.88	1.68
Free Cash Flow Yield (TTM)	6.50%	4.45%