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

November 11, 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	41.33 billion USD	14.06 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 5, 1992	July 8, 1986
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DHI

TOL

GSPC

D.R. Horton (DHI) vs. Toll Brothers (TOL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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

Calendar-Year Returns

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Calendar-year total returns for D.R. Horton (DHI) and Toll Brothers (TOL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Total Return (1Y)	8.44%	18.07%
Total Return (3Y, Annualized)	9.87%	26.97%
Total Return (5Y, Annualized)	10.88%	20.91%

Risk Profile

Drawdown History

DHI

TOL

GSPC

D.R. Horton (DHI) vs. Toll Brothers (TOL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for D.R. Horton (DHI) and Toll Brothers (TOL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Volatility (1Y, Annualized)	37.37%	35.83%
Beta (5Y)	1.34	1.27
Max Drawdown (5Y)	-44.45%	-45.97%
Avg. Volume (3M)	2.79M	1.05M

Risk-Adjusted Performance

Risk-Return Positioning

DHI and TOL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Sharpe Ratio (1Y)	0.11	0.38
Sortino Ratio (1Y)	0.18	0.65

Profitability

ROE (TTM)

Both D.R. Horton (DHI) at 12.12% and Toll Brothers (TOL) at 14.39% 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

12.12%

Max: 44.27%
Q3: 22.94%
Median: 12.36%
DHI: 12.12%
Q1: 5.76%
Min: -12.76%

TOL

Consumer Durables & Apparel industry group

14.39%

Max: 44.27%
Q3: 22.94%
TOL: 14.39%
Median: 12.36%
Q1: 5.76%
Min: -12.76%

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

Net Margin (TTM)

Toll Brothers (TOL) at 11.14% retains a top-quartile share of revenue as profit, ahead of D.R. Horton (DHI) at 8.74%, which keeps about the industry-typical share.

DHI

Consumer Durables & Apparel industry group

8.74%

Max: 19.00%
Q3: 9.42%
DHI: 8.74%
Median: 5.93%
Q1: 2.80%
Min: -7.09%

TOL

Consumer Durables & Apparel industry group

11.14%

Max: 19.00%
TOL: 11.14%
Q3: 9.42%
Median: 5.93%
Q1: 2.80%
Min: -7.09%

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 14.56% operates in the top operating margin quartile, ahead of D.R. Horton (DHI) at 11.57%, which runs around its industry’s norm.

DHI

Consumer Durables & Apparel industry group

11.57%

Max: 28.97%
Q3: 14.34%
DHI: 11.57%
Median: 8.77%
Q1: 4.05%
Min: -7.88%

TOL

Consumer Durables & Apparel industry group

14.56%

Max: 28.97%
TOL: 14.56%
Q3: 14.34%
Median: 8.77%
Q1: 4.05%
Min: -7.88%

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

Profitability Metrics

Profitability metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
ROE (TTM)	12.12%	14.39%
ROA (TTM)	6.57%	6.90%
Net Margin (TTM)	8.74%	11.14%
Operating Margin (TTM)	11.57%	14.56%
Gross Margin (TTM)	20.58%	24.83%

Growth

Revenue Growth

Toll Brothers (TOL) at 1.11% is around its peer norm for revenue growth, while D.R. Horton (DHI) at -6.93% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both D.R. Horton (DHI) at -19.32% and Toll Brothers (TOL) at -10.13% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

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 (YoY)	-19.32%	-10.13%
EPS Growth (3Y CAGR)	-11.18%	7.36%

Financial Strength

Current Ratio (MRQ)

Both D.R. Horton (DHI) at 4.30 and Toll Brothers (TOL) at 4.50 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

4.30

Max: 5.48
DHI: 4.30
Q3: 3.70
Median: 2.10
Q1: 1.64
Min: 0.75

TOL

Consumer Durables & Apparel industry group

4.50

Max: 5.48
TOL: 4.50
Q3: 3.70
Median: 2.10
Q1: 1.64
Min: 0.75

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 0.26 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

0.26

Max: 2.46
Q3: 1.19
Median: 0.45
DHI: 0.26
Q1: 0.23
Min: 0.00

TOL

Consumer Durables & Apparel industry group

0.34

Max: 2.46
Q3: 1.19
Median: 0.45
TOL: 0.34
Q1: 0.23
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 Metrics

Financial strength metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Current Ratio (MRQ)	4.30	4.50
Debt / Equity (MRQ)	0.26	0.34
Net Debt / EBITDA	1.05	1.10

Dividends

Dividend Yield (TTM)

Both D.R. Horton (DHI) at 1.14% and Toll Brothers (TOL) at 0.66% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

DHI

Consumer Durables & Apparel industry group

1.14%

Max: 5.10%
Q3: 2.20%
DHI: 1.14%
Median: 0.77%
Q1: 0.00%
Min: 0.00%

TOL

Consumer Durables & Apparel industry group

0.66%

Max: 5.10%
Q3: 2.20%
Median: 0.77%
TOL: 0.66%
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 16.68% and Toll Brothers (TOL) at 8.22% 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

16.68%

Max: 96.30%
Q3: 39.57%
DHI: 16.68%
Median: 11.11%
Q1: 0.00%
Min: 0.00%

TOL

Consumer Durables & Apparel industry group

8.22%

Max: 96.30%
Q3: 39.57%
Median: 11.11%
TOL: 8.22%
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.

Dividend Metrics

Dividend metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
Dividend Yield (TTM)	1.14%	0.66%
Dividend Payout Ratio (TTM)	16.68%	8.22%

Valuation

P/E Ratio (TTM)

Toll Brothers (TOL) at 12.29 sits in the cheaper P/E ratio quartile, while D.R. Horton (DHI) at 15.06 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

15.06

Max: 40.20
Q3: 25.33
Median: 17.52
DHI: 15.06
Q1: 14.50
Min: 5.29

TOL

Consumer Durables & Apparel industry group

12.29

Max: 40.20
Q3: 25.33
Median: 17.52
Q1: 14.50
TOL: 12.29
Min: 5.29

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 1.25 and Toll Brothers (TOL) at 1.31 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

DHI

Consumer Durables & Apparel industry group

1.25

Max: 3.32
Q3: 1.74
DHI: 1.25
Median: 1.02
Q1: 0.56
Min: 0.01

TOL

Consumer Durables & Apparel industry group

1.31

Max: 3.32
Q3: 1.74
TOL: 1.31
Median: 1.02
Q1: 0.56
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 1.79 and Toll Brothers (TOL) at 1.65 are valued close to their industries’ norm against book — neither stands out from peers.

DHI

Consumer Durables & Apparel industry group

1.79

Max: 8.35
Q3: 4.28
Median: 2.11
DHI: 1.79
Q1: 1.09
Min: 0.49

TOL

Consumer Durables & Apparel industry group

1.65

Max: 8.35
Q3: 4.28
Median: 2.11
TOL: 1.65
Q1: 1.09
Min: 0.49

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

Valuation Metrics

Valuation metrics for D.R. Horton (DHI) and Toll Brothers (TOL)
Metric	DHI	TOL
P/E Ratio (TTM)	15.06	12.29
P/S Ratio (TTM)	1.25	1.31
P/B Ratio (MRQ)	1.79	1.65
Free Cash Flow Yield (TTM)	18.91%	3.97%