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Homebuilders

The 16 companies in this industry listed on the NYSE and Nasdaq are worth $121 bn combined; the largest are D.R. Horton (DHI), PulteGroup (PHM) and Lennar (LEN). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
16 companies value 121 bn revenue 135 bn margin 7.5% free cash flow 8.5 bn avg. score 5.0
DHI holds 31.2% of the group's value, 1.8x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 DHI D.R. Horton
United States · score 7.0
31% 38 bn 33 bn 9.2% 3.2 bn 8.5% 1.3% Largest homebuilder in the United States · Largest US homebuilder by units
2 PHM PulteGroup
United States · score 6.7
17% 21 bn 16 bn 11.6% 1.5 bn 7.3% 0.9% Homebuilding for a range of buyers · 3rd largest US homebuilder; best gross margin of the group
3 LEN Lennar
United States · score 5.9
15% 18 bn 32 bn 4.1% 0.8 bn 4.5% 2.7% Homebuilding and mortgage financing · 2nd largest; almost no net debt on the balance sheet
4 NVR NVR Inc.
United States · score 6.4
13% 16 bn 9.5 bn 12.0% 1.1 bn 6.7% — Homebuilding and mortgage lending · Model with no land inventory: the sector's highest return on capital
5 TOL Toll Brothers
United States · score 7.0
10% 12 bn 11 bn 11.1% 1.1 bn 9.0% 0.8% Luxury homebuilding · US luxury homebuilder
6 MTH Meritage Homes CORP
United States · score 6.3
3% 3.8 bn 5.9 bn 5.6% 0.4 bn 10.9% 3.2% Single-family homebuilding · Arizona — revenue of $5.9bn
7 MHO M/I HOMES, INC.
United States · score 6.4
3% 3.1 bn 4.3 bn 7.4% 0.2 bn 6.4% — Single-family homebuilding · Ohio — revenue of $4.3bn
8 KBH KB Home
United States · score 4.6
2% 2.6 bn 5.2 bn 4.4% 0.0 bn 1.1% 2.5% Built-to-order homebuilding · Built-to-order homes for first-time buyers
9 GRBK Green Brick Partners, Inc.
United States · score 5.7
2% 2.6 bn 2.0 bn 14.8% 0.1 bn 4.3% 0.1% Homebuilding and land development · Texas — revenue of $2bn
10 CCS Century Communities, Inc.
United States · score 3.0
1% 1.5 bn 3.9 bn 3.4% 0.0 bn 2.3% 2.3% Building and selling single-family homes in 16 states · Colorado — revenue of $3.9bn
11 LGIH LGI Homes, Inc.
United States · score 4.6
1% 1.0 bn 1.7 bn 3.9% 0.1 bn 13.7% — Homebuilding and sales across 21 states · Texas — revenue of $1.7bn
12 BZH BEAZER HOMES USA INC
United States · score 0.3
1% 0.9 bn 2.1 bn -0.4% -0.1 bn -17.2% — Homebuilding focused on sustainability · Georgia — revenue of $2.1bn
13 DFH Dream Finders Homes, Inc.
United States · score 0.2
1% 0.8 bn 4.1 bn 3.5% -0.2 bn -20.4% — Homebuilding in high-growth markets, without land inventory · Florida — revenue of $4.1bn
14 HOV HOVNANIAN ENTERPRISES INC
United States · score 5.6
0% 0.5 bn 2.8 bn 0.6% 0.2 bn 36.6% 2.0% Homebuilding for a range of buyer profiles · New Jersey — revenue of $2.8bn
15 SDHC Smith Douglas Homes Corp.
United States · score 6.3
0% 0.1 bn 1.0 bn 0.6% 0.0 bn 37.6% — Single-family homebuilding in the US Southeast and South · Georgia — revenue of $1bn
16 LRE LEAD REAL ESTATE CO., LTD
Japan · score 4.8
0% 0.0 bn 0.1 bn 4.5% 0.0 bn 34.0% 1.8% Luxury residential real estate development in Japan · Japan — revenue of $119m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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