D.R. Horton, Inc. vs PULTEGROUP, INC., two Homebuilders stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Two of the big three homebuilders go head to head, and PulteGroup edges D.R. Horton on quality this cycle: a 15.77% return on equity against 13.11%, a 12.14% net margin against 9.51%, its move-up and active-adult mix earning fatter margins than Horton's volume model. Both run debt-free, convert strong free cash near 7%, and trade near book, Pulte at 2.05 times and Horton at 1.99, almost identical. Pulte is cheaper on earnings, 13.3 times against 15.6. The pair prices two scaled homebuilders: Pulte the higher-margin, higher-return name at a lower multiple, Horton the larger by volume with a similar book multiple, and Pulte's better economics at a cheaper price give it the edge here.
Comparison updated 2026-07-11.
| Metric | DHI | PHM |
|---|---|---|
| Price | $151.55 | $124.74 |
| Market cap | $43.8B | $24.1B |
| Sector | Homebuilders | Homebuilders |
| Stage | Mature | Mature |
| Implied growth (priced in) | +0.5% | -1.6% |
| P/E | 14.2 | 12.1 |
| P/B | 1.81 | 1.86 |
| P/S | 1.31 | 1.43 |
| EV/EBITDA | 1511.9 | 198.6 |
| Revenue growth | -5.6% | -6.2% |
| Net margin | 9.5% | 12.1% |
| Return on equity | 13.1% | 15.8% |
| Return on assets | 8.9% | 11.2% |
| FCF yield | 8.0% | 7.4% |
| Dividend yield | 1.1% | 0.7% |
| Debt / equity | 0.00 | 0.00 |
| Altman Z (solvency) | 4.51 | 3.69 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.