D.R. Horton (DHI) vs Lennar (LEN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
D.R. Horton (DHI) has outperformed Lennar (LEN) over the past year, losing 14.4% versus a loss of 35.4%. Over five years, DHI leads with a +56.0% price change compared with -17.5% for LEN. D.R. Horton is the larger company by market cap ($37.99 billion vs $18.46 billion), about 2.1 times the size, while Lennar is growing revenue faster (-3.5% vs -6.9%).
On valuation, D.R. Horton trades at a lower forward P/E (11.8x vs 14.7x for Lennar). Lennar offers the higher dividend yield (2.58% vs 1.29%). D.R. Horton converts more of its revenue into profit, with a net margin of 10.5% versus 6.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DHI | LEN |
|---|---|---|
| Share price | $135.82 | $77.60 |
| Market cap | $37.99B | $18.46B |
| 1-day change | +1.91% | +1.93% |
| YTD return | -5.70% | -24.51% |
| 1-year return | -14.40% | -35.40% |
| 5-year return | +56.03% | -17.46% |
| P/E ratio (TTM) | 12.95 | 14.70 |
| Forward P/E | 11.81 | 14.72 |
| EPS (TTM) | $10.49 | $5.28 |
| Dividend yield | 1.29% | 2.58% |
| Annual dividend | $1.75 | $2.00 |
| Revenue (latest FY) | $34.25B | $34.19B |
| Revenue growth (YoY) | -6.93% | -3.54% |
| Net income (latest FY) | $3.59B | $2.08B |
| Gross margin | 23.70% | — |
| Net margin | 10.47% | 6.08% |
| 52-week high | $170.79 | $133.76 |
| 52-week low | $131.75 | $73.75 |
| Distance from 52-week high | -20.48% | -41.99% |
| Analyst consensus | hold | underperform |
| Avg. price target upside | +14.39% | +1.20% |
| Average volume | 2.59M | 3.71M |
| Shares outstanding | 279.70M | 207.88M |
| Employees | 14,341 | 12,532 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Homebuilding | Homebuilding |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- D.R. Horton is about 2.1 times larger than Lennar by market value ($37.99B vs $18.46B).
- DHI has outperformed LEN by 21.0 percentage points over the past year.
- Lennar offers a meaningfully higher dividend yield (2.58% vs 1.29%).
About D.R. Horton
DHI stock →D.R. Horton, Inc.
Consumer Discretionary · Homebuilding · 14,341 employees
About Lennar
LEN stock →Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
Consumer Discretionary · Homebuilding · 12,532 employees
DHI vs LEN FAQ
Which is bigger, D.R. Horton or Lennar?
D.R. Horton (DHI) is larger, with a market capitalization of $37.99B compared with $18.46B for Lennar (LEN).
Which stock has performed better over the past year, DHI or LEN?
DHI returned -14.40% over the past 12 months, compared with -35.40% for LEN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DHI or LEN?
DHI has the lower trailing P/E at 12.9, versus 14.7 for LEN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, D.R. Horton or Lennar?
Lennar has the higher yield at 2.58%, compared with 1.29% for D.R. Horton.
Are D.R. Horton and Lennar in the same industry?
Yes. Both are classified in the Homebuilding industry within the Consumer Discretionary sector.