D.R. Horton (DHI) vs Toll Brothers (TOL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Toll Brothers (TOL) has outperformed D.R. Horton (DHI) over the past year, gaining 0.8% versus a loss of 17.3%. Over five years, TOL leads with a +128.5% price change compared with +53.1% for DHI. D.R. Horton is the larger company by market cap ($37.93 billion vs $12.38 billion), about 3.1 times the size, while Toll Brothers is growing revenue faster (+1.1% vs -6.9%).
On valuation, Toll Brothers trades at a lower forward P/E (9.7x vs 11.8x for D.R. Horton). D.R. Horton offers the higher dividend yield (1.29% vs 0.76%). Toll Brothers converts more of its revenue into profit, with a net margin of 12.3% versus 10.5%.
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 | TOL |
|---|---|---|
| Share price | $135.61 | $134.32 |
| Market cap | $37.93B | $12.38B |
| 1-day change | +1.74% | +0.34% |
| YTD return | -7.46% | -1.01% |
| 1-year return | -17.30% | +0.75% |
| 5-year return | +53.11% | +128.47% |
| P/E ratio (TTM) | 12.93 | 10.82 |
| Forward P/E | 11.79 | 9.72 |
| EPS (TTM) | $10.49 | $12.41 |
| Dividend yield | 1.29% | 0.76% |
| Annual dividend | $1.75 | $1.02 |
| Revenue (latest FY) | $34.25B | $10.97B |
| Revenue growth (YoY) | -6.93% | +1.11% |
| Net income (latest FY) | $3.59B | $1.35B |
| Gross margin | 23.70% | 25.11% |
| Operating margin | — | 15.69% |
| Net margin | 10.47% | 12.28% |
| 52-week high | $170.79 | $168.36 |
| 52-week low | $131.75 | $123.15 |
| Distance from 52-week high | -20.60% | -20.22% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +14.57% | +27.22% |
| Average volume | 2.59M | 971.85K |
| Shares outstanding | 279.70M | 92.15M |
| Employees | 14,341 | 4,900 |
| 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 3.1 times larger than Toll Brothers by market value ($37.93B vs $12.38B).
- TOL has outperformed DHI by 18.1 percentage points over the past year.
- Toll Brothers grew revenue faster in its latest fiscal year (+1.11% vs -6.93%).
About D.R. Horton
DHI stock →D.R. Horton, Inc.
Consumer Discretionary · Homebuilding · 14,341 employees
About Toll Brothers
TOL stock →Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living.
Consumer Discretionary · Homebuilding · 4,900 employees
DHI vs TOL FAQ
Which is bigger, D.R. Horton or Toll Brothers?
D.R. Horton (DHI) is larger, with a market capitalization of $37.93B compared with $12.38B for Toll Brothers (TOL).
Which stock has performed better over the past year, DHI or TOL?
TOL returned +0.75% over the past 12 months, compared with -17.30% for DHI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DHI or TOL?
TOL has the lower trailing P/E at 10.8, versus 12.9 for DHI. 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 Toll Brothers?
D.R. Horton has the higher yield at 1.29%, compared with 0.76% for Toll Brothers.
Are D.R. Horton and Toll Brothers in the same industry?
Yes. Both are classified in the Homebuilding industry within the Consumer Discretionary sector.