Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Residential Construction Stocks

Residential Construction: Lennar Corporation owns the largest revenue base; Cavco Industries, Inc. has the fastest current growth.

The industry itself · before any single company

How has Residential Construction moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 45% behind S&P 500. Earnings across its companies fell 15% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 7 weeks running.

BREAKING OUT · ahead 7wPrice down, no fundamental support12 of 18 companies ahead of S&P 500 by 5% or more over three months

RS ↑7w · 13/18 >200d (−1) · 12/18 lead (+1) · EPS 3/18↑

200500202620252024202320222021 402348 TRAILING 12-MONTH EPS · 100 AT THE START0100130Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 12 reportingJun 2022 · trailing 12-month earnings per share at 110, against 100 at the start · no comparable year yet · 18 reportingSep 2022 · trailing 12-month earnings per share at 120, against 100 at the start · no comparable year yet · 18 reportingDec 2022 · trailing 12-month earnings per share at 130, against 100 at the start · no comparable year yet · 20 reportingMar 2023 · trailing 12-month earnings per share at 126, against 100 at the start · up 28.7% on a year ago · 16 reportingJun 2023 · trailing 12-month earnings per share at 125, against 100 at the start · up 14.0% on a year ago · 18 reportingSep 2023 · trailing 12-month earnings per share at 120, against 100 at the start · down 7.9% on a year ago · 20 reportingDec 2023 · trailing 12-month earnings per share at 112, against 100 at the start · down 10.4% on a year ago · 18 reportingMar 2024 · trailing 12-month earnings per share at 113, against 100 at the start · down 2.6% on a year ago · 18 reportingJun 2024 · trailing 12-month earnings per share at 116, against 100 at the start · up 4.6% on a year ago · 18 reportingSep 2024 · trailing 12-month earnings per share at 127, against 100 at the start · up 3.4% on a year ago · 18 reportingDec 2024 · trailing 12-month earnings per share at 121, against 100 at the start · up 11.7% on a year ago · 18 reportingMar 2025 · trailing 12-month earnings per share at 120, against 100 at the start · up 10.2% on a year ago · 18 reportingJun 2025 · trailing 12-month earnings per share at 110, against 100 at the start · down 0.8% on a year ago · 18 reportingSep 2025 · trailing 12-month earnings per share at 106, against 100 at the start · down 7.8% on a year ago · 18 reportingDec 2025 · trailing 12-month earnings per share at 97, against 100 at the start · down 24.9% on a year ago · 18 reportingMar 2026 · trailing 12-month earnings per share at 91, against 100 at the start · down 24.6% on a year ago · 18 reportingNot reported yet — earnings trail price by a quarter or two91 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200500202620252024202320222021 402348 TRAILING 12-MONTH EPS · 100 AT THE START0100130Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 12 reportingJun 2022 · trailing 12-month earnings per share at 110, against 100 at the start · no comparable year yet · 18 reportingSep 2022 · trailing 12-month earnings per share at 120, against 100 at the start · no comparable year yet · 18 reportingDec 2022 · trailing 12-month earnings per share at 130, against 100 at the start · no comparable year yet · 20 reportingMar 2023 · trailing 12-month earnings per share at 126, against 100 at the start · up 28.7% on a year ago · 16 reportingJun 2023 · trailing 12-month earnings per share at 125, against 100 at the start · up 14.0% on a year ago · 18 reportingSep 2023 · trailing 12-month earnings per share at 120, against 100 at the start · down 7.9% on a year ago · 20 reportingDec 2023 · trailing 12-month earnings per share at 112, against 100 at the start · down 10.4% on a year ago · 18 reportingMar 2024 · trailing 12-month earnings per share at 113, against 100 at the start · down 2.6% on a year ago · 18 reportingJun 2024 · trailing 12-month earnings per share at 116, against 100 at the start · up 4.6% on a year ago · 18 reportingSep 2024 · trailing 12-month earnings per share at 127, against 100 at the start · up 3.4% on a year ago · 18 reportingDec 2024 · trailing 12-month earnings per share at 121, against 100 at the start · up 11.7% on a year ago · 18 reportingMar 2025 · trailing 12-month earnings per share at 120, against 100 at the start · up 10.2% on a year ago · 18 reportingJun 2025 · trailing 12-month earnings per share at 110, against 100 at the start · down 0.8% on a year ago · 18 reportingSep 2025 · trailing 12-month earnings per share at 106, against 100 at the start · down 7.8% on a year ago · 18 reportingDec 2025 · trailing 12-month earnings per share at 97, against 100 at the start · down 24.9% on a year ago · 18 reportingMar 2026 · trailing 12-month earnings per share at 91, against 100 at the start · down 24.6% on a year ago · 18 reportingNot reported yet — earnings trail price by a quarter or two91No earnings on file this far back — the price series reaches further than the filings do
Residential Construction, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.
Together12 of 18 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/4+1
Mid 4/6+1
Small 7/8−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 18 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Residential Construction outperforming S&P 500?

Residential Construction has underperformed S&P 500 by 5.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 10.9%. 7 of 18 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Beazer Homes USA, Inc. is the strongest against the sector itself at +30.1%.

+10.9%Sector vs S&P 500 · 13 weeks
-5.2%Sector vs S&P 500 · 52 weeks
7/18Stocks leading S&P 500
8/18Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Residential Construction has underperformed S&P 500 by 5.2% over 52 weeks and 10.9% over 13 weeks. 7 of 18 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 18 beat the sector itself. Lennar Corporation leads with revenue of $32,737 million, based on 15 of 18 comparable companies through Jun 2026.

Is the Residential Construction sector outperforming S&P 500?

Residential Construction has underperformed S&P 500 by 5.2% over 52 weeks and 10.9% over 13 weeks. 7 of 18 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 18 beat the sector itself.

Which Residential Construction company is largest by revenue?

Lennar Corporation leads with revenue of $32,737 million, based on 15 of 18 comparable companies through Jun 2026.

Which Residential Construction company is growing fastest?

Cavco Industries, Inc. has the fastest current revenue growth at 11.4%, across 15 of 18 comparable companies.

Which Residential Construction company has the strongest 4-Factor Sector Score?

Legacy Housing Corporation ranks first at 65.7/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Residential Construction company reports the most CAPEX?

D.R. Horton, Inc. reports the largest latest CAPEX at $42 million, with 18 of 18 companies comparable.

Which Residential Construction company has the least gross debt?

Legacy Housing Corporation has the lowest comparable gross debt at $2 million. D.R. Horton, Inc. has the highest at $7,113 million.

Which Residential Construction company has the lowest comparable PEG?

Hovnanian Enterprises, Inc. has the lowest comparable Guarded PEG at 0.23, among 13 of 18 companies that pass the metric’s comparability rules.

How much history does this Residential Construction comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
18
complete canonical membership
Combined market value
$163.4B
D.R. Horton, Inc.
Revenue growing
4/15
positive TTM year-on-year growth
Beating S&P 500
7/18
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Legacy Housing Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Taylor Morrison Home Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Taylor Morrison Home Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Legacy Housing Corporation · LEGH

65.7/100 · Favorable setup · 82% evidence

Exact sum: 20.9 + 16.1 + 9.8 + 18.9 = 65.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.9/35Growth & earnings

Revenue -8% · PAT -24.6% · OPM change 3.6 pp

83% evidence

16.1/25Capital efficiency

ROCE 2.4% · debt/equity 0×

80% evidence

9.8/20Valuation

P/E 11.5× · PEG 1.47

65% evidence

18.9/20Relative strength

RS sector 9.8% · RS bench 8.6% · 1Y 18.1%

100% evidence

2. Cavco Industries, Inc. · CVCO

62.6/100 · Mixed-positive evidence · 82% evidence

Exact sum: 27.1 + 16 + 9.5 + 10 = 62.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

27.1/35Growth & earnings

Revenue 11.4% · PAT 11.8% · OPM change 1.8 pp

83% evidence

16.0/25Capital efficiency

ROCE 4.6% · debt/equity 0.03×

80% evidence

9.5/20Valuation

P/E 19.4× · PEG 1.26

65% evidence

10.0/20Relative strength

RS sector -0.3% · RS bench -1.1% · 1Y 39.3%

100% evidence

3. Toll Brothers, Inc. · TOL

55.5/100 · Mixed-positive evidence · 86% evidence

Exact sum: 17.5 + 14 + 14.1 + 9.9 = 55.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.5/35Growth & earnings

Revenue 3.6% · PAT -6.6% · OPM change -2.7 pp

95% evidence

14.0/25Capital efficiency

ROCE 3.5% · debt/equity 0.31×

80% evidence

14.1/20Valuation

P/E 10.8× · PEG 0.76

65% evidence

9.9/20Relative strength

RS sector 2.3% · RS bench 1.6% · 1Y 27.1%

100% evidence

4. Taylor Morrison Home Corporation · TMHC

54.7/100 · Mixed-positive evidence · 82% evidence

Exact sum: 11.5 + 11 + 14.1 + 18.1 = 54.7

Decision use: Price leads the evidence: RS versus the benchmark is 5.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.5/35Growth & earnings

Revenue -9% · PAT -25.5% · OPM change -4.9 pp

83% evidence

11.0/25Capital efficiency

ROCE 1.7% · debt/equity 0.39×

80% evidence

14.1/20Valuation

P/E 8.7× · PEG 0.81

65% evidence

18.1/20Relative strength

RS sector 8.7% · RS bench 5.4% · 1Y 19.3%

100% evidence

5. M/I Homes, Inc. · MHO

54.1/100 · Mixed-positive evidence · 82% evidence

Exact sum: 13.3 + 11.5 + 14.8 + 14.5 = 54.1

Decision use: Price leads the evidence: RS versus the benchmark is 3.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

13.3/35Growth & earnings

Revenue -1.6% · PAT -33% · OPM change -5.1 pp

83% evidence

11.5/25Capital efficiency

ROCE 2.1% · debt/equity 0.32×

80% evidence

14.8/20Valuation

P/E 9.2× · PEG 0.69

65% evidence

14.5/20Relative strength

RS sector 4.1% · RS bench 3.1% · 1Y 24.1%

100% evidence

6. Green Brick Partners, Inc. · GRBK

51.0/100 · Mixed-positive evidence · 82% evidence

Exact sum: 14.7 + 16 + 12.1 + 8.2 = 51

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.7/35Growth & earnings

Revenue -4.6% · PAT -20.7% · OPM change -3.6 pp

83% evidence

16.0/25Capital efficiency

ROCE 3.9% · debt/equity 0.14×

80% evidence

12.1/20Valuation

P/E 9.5× · PEG 1.11

65% evidence

8.2/20Relative strength

RS sector -0.3% · RS bench -1.2% · 1Y 15.5%

100% evidence

7. PulteGroup, Inc. · PHM

50.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 15.2 + 15.4 + 9.7 + 10.2 = 50.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.2/35Growth & earnings

Revenue — · PAT — · OPM change -4.3 pp

45% evidence

15.4/25Capital efficiency

ROCE 4% · debt/equity 0.18×

80% evidence

9.7/20Valuation

P/E 14× · PEG —

15% evidence

10.2/20Relative strength

RS sector 0.5% · RS bench -0.5% · 1Y 15.4%

100% evidence

8. LGI Homes, Inc. · LGIH

48.9/100 · Mixed-negative evidence · 66% evidence

Exact sum: 15.1 + 7.2 + 10.1 + 16.5 = 48.9

Decision use: Price leads the evidence: RS versus the benchmark is 11.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.1/35Growth & earnings

Revenue -22.6% · PAT -61.4% · OPM change -0.2 pp

83% evidence

7.2/25Capital efficiency

ROCE 0% · debt/equity 0.81×

80% evidence

10.1/20Valuation

P/E 13× · PEG —

15% evidence

16.5/20Relative strength

RS sector 13.4% · RS bench 11.7% · 1Y 12.7%

70% evidence

9. Hovnanian Enterprises, Inc. · HOV

47.2/100 · Mixed-negative evidence · 80% evidence

Exact sum: 12.7 + 6.2 + 13.7 + 14.6 = 47.2

Decision use: Price leads the evidence: RS versus the benchmark is 3.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

12.7/35Growth & earnings

Revenue -4.7% · PAT -83.3% · OPM change -1.7 pp

95% evidence

6.2/25Capital efficiency

ROCE 0.8% · debt/equity 1.13×

80% evidence

13.7/20Valuation

P/E 30.9× · PEG 0.23

65% evidence

14.6/20Relative strength

RS sector 5.2% · RS bench 3.7% · 1Y 10.1%

70% evidence

10. D.R. Horton, Inc. · DHI

46.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18.7 + 15.3 + 9.6 + 2.4 = 46

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.7/35Growth & earnings

Revenue — · PAT — · OPM change -2.3 pp

45% evidence

15.3/25Capital efficiency

ROCE 4.7% · debt/equity 0.29×

80% evidence

9.6/20Valuation

P/E 15.5× · PEG —

15% evidence

2.4/20Relative strength

RS sector -7.8% · RS bench -8.7% · 1Y 0.6%

100% evidence

11. Champion Homes, Inc. · SKY

45.9/100 · Mixed-negative evidence · 82% evidence

Exact sum: 22.2 + 13.2 + 4.7 + 5.8 = 45.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.2/35Growth & earnings

Revenue 7.2% · PAT 5.4% · OPM change -1.3 pp

83% evidence

13.2/25Capital efficiency

ROCE 2.2% · debt/equity 0.07×

80% evidence

4.7/20Valuation

P/E 19.8× · PEG 2.82

65% evidence

5.8/20Relative strength

RS sector -2.3% · RS bench -3.1% · 1Y 28.8%

100% evidence

12. NVR, Inc. · NVR

44.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 14.6 + 16.1 + 9.4 + 4.5 = 44.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.6/35Growth & earnings

Revenue — · PAT — · OPM change -3.3 pp

45% evidence

16.1/25Capital efficiency

ROCE 7% · debt/equity 0.31×

80% evidence

9.4/20Valuation

P/E 17.7× · PEG —

15% evidence

4.5/20Relative strength

RS sector -15.1% · RS bench -16.2% · 1Y -16.6%

100% evidence

13. Meritage Homes Corporation · MTH

40.2/100 · Mixed-negative evidence · 82% evidence

Exact sum: 9.4 + 9 + 15.3 + 6.5 = 40.2

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

9.4/35Growth & earnings

Revenue -10.7% · PAT -46.8% · OPM change -5.2 pp

83% evidence

9.0/25Capital efficiency

ROCE 0% · debt/equity 0.36×

80% evidence

15.3/20Valuation

P/E 11.3× · PEG 0.28

65% evidence

6.5/20Relative strength

RS sector -3.3% · RS bench -4.4% · 1Y 3%

100% evidence

14. Beazer Homes USA, Inc. · BZH

37.7/100 · Mixed-negative evidence · 66% evidence

Exact sum: 7.4 + 4.8 + 8.5 + 17 = 37.7

Decision use: Price leads the evidence: RS versus the benchmark is 28.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

7.4/35Growth & earnings

Revenue -13.4% · PAT -104.2% · OPM change -7 pp

83% evidence

4.8/25Capital efficiency

ROCE -0.8% · debt/equity 1.07×

80% evidence

8.5/20Valuation

P/E 67.6× · PEG —

15% evidence

17.0/20Relative strength

RS sector 30.1% · RS bench 28.8% · 1Y 53.9%

70% evidence

15. Lennar Corporation · LEN

36.8/100 · Mixed-negative evidence · 86% evidence

Exact sum: 9.2 + 14.7 + 11.7 + 1.2 = 36.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

9.2/35Growth & earnings

Revenue -7.5% · PAT -50.4% · OPM change -2.4 pp

95% evidence

14.7/25Capital efficiency

ROCE 6.8% · debt/equity 0.29×

80% evidence

11.7/20Valuation

P/E 13.8× · PEG 1.01

65% evidence

1.2/20Relative strength

RS sector -23.8% · RS bench -25.2% · 1Y -24.4%

100% evidence

16. KB Home · KBH

35.7/100 · Mixed-negative evidence · 86% evidence

Exact sum: 5.5 + 8.7 + 14.3 + 7.2 = 35.7

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

5.5/35Growth & earnings

Revenue -17.6% · PAT -51.9% · OPM change -5.9 pp

95% evidence

8.7/25Capital efficiency

ROCE 0.8% · debt/equity 0.52×

80% evidence

14.3/20Valuation

P/E 11.9× · PEG 0.64

65% evidence

7.2/20Relative strength

RS sector -7.2% · RS bench -8.4% · 1Y 1.1%

100% evidence

17. Dream Finders Homes, Inc. · DFH

35.2/100 · Mixed-negative evidence · 76% evidence

Exact sum: 8.5 + 7.4 + 15.8 + 3.5 = 35.2

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

8.5/35Growth & earnings

Revenue -8.5% · PAT -47.9% · OPM change -5.7 pp

83% evidence

7.4/25Capital efficiency

ROCE 0.9% · debt/equity 1.18×

80% evidence

15.8/20Valuation

P/E 8.1× · PEG 0.51

65% evidence

3.5/20Relative strength

RS sector -20% · RS bench -22% · 1Y -35.4%

70% evidence

18. Installed Building Products, Inc. · IBP

34.0/100 · Adverse evidence · 82% evidence

Exact sum: 19.3 + 9.2 + 3.9 + 1.6 = 34

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.3/35Growth & earnings

Revenue 0.4% · PAT 3.7% · OPM change -1.5 pp

83% evidence

9.2/25Capital efficiency

ROCE 3.3% · debt/equity 1.77×

80% evidence

3.9/20Valuation

P/E 28.3× · PEG 4.06

65% evidence

1.6/20Relative strength

RS sector -14.4% · RS bench -15.3% · 1Y 16.3%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Lennar Corporation has the highest Revenue among the 18 Residential Construction companies compared here, at $32,737 million. Toll Brothers, Inc. is next at $11,045 million. Cavco Industries, Inc. has the highest Revenue growth at 11.4%, so level and change sit with different companies. 15 of 18 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Lennar Corporation is the scale leader at $32,737 million, 196.4% ahead of Toll Brothers, Inc.. Cavco Industries, Inc.'s growth is 11.4% from a $2,245 million base, with 18 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderLennar Corporation · $32,737 million
Gap196.4% versus #2 · Toll Brothers, Inc.
Persistence2/8 recent comparable periods
Coverage15/18 companies · 344 observations

Investor read: Lennar Corporation is the scale benchmark; Cavco Industries, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Lennar Corporation's growth falls below Cavco Industries, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Lennar Corporation LEN$32.7B
2Toll Brothers, Inc. TOL$11.0B
3Taylor Morrison Home Corporation TMHC$7.6B
4Meritage Homes Corporation MTH$5.6B
5KB Home KBH$5.5B
Revenue growthfastest growers
1Cavco Industries, Inc. CVCO11%
2Champion Homes, Inc. SKY7.2%
3Toll Brothers, Inc. TOL3.6%
4Installed Building Products, Inc. IBP0.4%
5M/I Homes, Inc. MHO-1.6%
Revenue · company comparison
15/18 level · 15/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Lennar Corporation LEN$7.9B-5.2%Jun 2026
D.R. Horton, Inc. DHI$7.6B-2.3%Jun 2026
PulteGroup, Inc. PHM$3.4B-12%Jun 2026
Toll Brothers, Inc. TOL$2.5B-7.6%Jun 2026
NVR, Inc. NVR$1.9B-21%Jun 2026
Taylor Morrison Home Corporation TMHC$1.4B-27%Mar 2026
Meritage Homes Corporation MTH$1.1B-18%Mar 2026
KB Home KBH$1.1B-27%Jun 2026
M/I Homes, Inc. MHO$921M-5.6%Mar 2026
Dream Finders Homes, Inc. DFH$888M-10%Mar 2026
Hovnanian Enterprises, Inc. HOV$668M-2.6%Jun 2026
Installed Building Products, Inc. IBP$661M-3.5%Mar 2026
Champion Homes, Inc. SKY$621M4.6%Mar 2026
Cavco Industries, Inc. CVCO$550M8.3%Mar 2026
Green Brick Partners, Inc. GRBK$465M-4.9%Mar 2026
Beazer Homes USA, Inc. BZH$410M-27%Mar 2026
LGI Homes, Inc. LGIH$320M-8.8%Mar 2026
Legacy Housing Corporation LEGH$34M-5.6%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

$330M
$360M
$432M
$505M
$588M
$577M
$476M
$476M
$447M
$420M
$478M
$507M
$522M
$508M
$557M
$557M
$581M
$550M

Champion Homes, Inc. · SKY

$510M
$524M
$535M
$638M
$726M
$807M
$492M
$465M
$559M
$536M
$628M
$617M
$645M
$594M
$701M
$684M
$657M
$621M

D.R. Horton, Inc. · DHI

$8.1B
$7.1B
$8.0B
$8.8B
$9.6B
$7.3B
$8.0B
$9.7B
$10.5B
$7.7B
$9.1B
$10.0B
$10.0B
$7.6B
$7.7B
$9.2B
$9.7B
$6.9B
$7.6B

Installed Building Products, Inc. · IBP

$510M
$534M
$587M
$677M
$719M
$686M
$659M
$692M
$707M
$721M
$693M
$738M
$761M
$750M
$685M
$760M
$778M
$748M
$661M

KB Home · KBH

$1.5B
$1.7B
$1.4B
$1.7B
$1.8B
$1.9B
$1.4B
$1.8B
$1.6B
$1.7B
$1.5B
$1.7B
$1.8B
$2.0B
$1.4B
$1.5B
$1.6B
$1.7B
$1.1B
$1.1B

Lennar Corporation · LEN

$6.9B
$8.4B
$6.2B
$8.4B
$8.9B
$10.2B
$6.5B
$8.0B
$8.7B
$11.0B
$7.3B
$8.8B
$9.4B
$9.9B
$7.6B
$8.4B
$8.8B
$9.4B
$6.6B
$7.9B

M/I Homes, Inc. · MHO

$904M
$1.1B
$861M
$1.0B
$1.0B
$1.2B
$1.0B
$1.0B
$1.0B
$973M
$1.0B
$1.1B
$1.1B
$1.2B
$976M
$1.2B
$1.1B
$1.1B
$921M

Meritage Homes Corporation · MTH

$1.3B
$1.5B
$1.3B
$1.4B
$1.6B
$2.0B
$1.3B
$1.6B
$1.6B
$1.7B
$1.5B
$1.7B
$1.6B
$1.6B
$1.4B
$1.6B
$1.4B
$1.4B
$1.1B

NVR, Inc. · NVR

$2.4B
$2.2B
$2.4B
$2.7B
$2.8B
$2.7B
$2.2B
$2.4B
$2.6B
$2.5B
$2.4B
$2.7B
$2.8B
$2.9B
$2.4B
$2.6B
$2.6B
$2.7B
$1.9B

PulteGroup, Inc. · PHM

$3.5B
$4.2B
$3.2B
$3.9B
$3.9B
$5.1B
$3.6B
$4.2B
$4.0B
$4.3B
$3.9B
$4.6B
$4.5B
$4.9B
$3.9B
$4.4B
$4.4B
$4.6B
$3.4B

Taylor Morrison Home Corporation · TMHC

$1.9B
$2.5B
$1.7B
$2.0B
$2.0B
$2.5B
$1.7B
$2.1B
$1.7B
$2.0B
$1.7B
$2.0B
$2.1B
$2.4B
$1.9B
$2.0B
$2.1B
$2.1B
$1.4B

Toll Brothers, Inc. · TOL

$2.3B
$3.0B
$1.8B
$2.3B
$2.5B
$3.7B
$1.8B
$2.5B
$2.7B
$3.0B
$1.9B
$2.8B
$2.7B
$3.3B
$1.9B
$2.7B
$2.9B
$3.4B
$2.1B
$2.5B

Revenue growth · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

78%
60%
-5.7%
-19%
-23%
0.4%
6.5%
17%
21%
17%
9.9%
11%
8.3%

Champion Homes, Inc. · SKY

42%
54%
-23%
-36%
-31%
28%
33%
15%
11%
12%
11%
1.9%
4.6%

D.R. Horton, Inc. · DHI

21%
19%
2.9%
-0.3%
11%
9.0%
6.5%
14%
2.5%
-4.8%
-1.5%
-15%
-7.4%
-3.3%
-9.5%
-2.3%

Installed Building Products, Inc. · IBP

39%
41%
28%
12%
2.2%
-1.7%
5.1%
5.2%
6.7%
7.6%
4.0%
-1.2%
3.0%
2.2%
-0.3%
-3.5%

KB Home · KBH

26%
16%
-1.1%
2.6%
-14%
-14%
6.1%
-3.1%
10%
19%
-5.2%
-11%
-7.6%
-15%
-23%
-27%

Lennar Corporation · LEN

29%
21%
4.6%
-3.8%
-2.3%
7.8%
13%
9.0%
7.9%
-9.3%
4.4%
-4.4%
-6.4%
-5.8%
-13%
-5.2%

M/I Homes, Inc. · MHO

8.3%
12%
16%
16%
-2.6%
3.3%
-20%
4.6%
9.5%
9.3%
24%
-6.8%
4.8%
-1.0%
-4.8%
-5.6%

Meritage Homes Corporation · MTH

11%
25%
33%
-0.5%
11%
2.2%
-17%
15%
8.1%
-1.4%
-2.3%
-7.5%
-4.1%
-11%
-11%
-18%

NVR, Inc. · NVR

17%
16%
23%
-7.1%
-11%
-6.3%
-9.5%
7.5%
12%
6.0%
16%
2.3%
-0.9%
-4.9%
-5.0%
-21%

PulteGroup, Inc. · PHM

16%
12%
22%
14%
8.0%
2.8%
-15%
10%
9.8%
12%
15%
-1.4%
-4.3%
-1.6%
-6.3%
-12%

Taylor Morrison Home Corporation · TMHC

16%
9.5%
-0.5%
-2.4%
3.3%
-18%
-19%
2.3%
-3.4%
27%
17%
12%
2.0%
-1.2%
-11%
-27%

Toll Brothers, Inc. · TOL

11%
22%
-0.6%
10%
7.7%
-19%
9.4%
13%
1.5%
10%
-4.6%
-3.5%
8.0%
2.7%
15%
-7.6%
02 · compare level, then change

Operating Economics & Margin Trend

Legacy Housing Corporation has the highest OPM among the 18 Residential Construction companies compared here, at 36.1%. Green Brick Partners, Inc. is next at 17.9%. The same company also holds the highest Margin change, at +3.6 percentage points. 18 of 18 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Legacy Housing Corporation leads both opm at 36.1% and margin change at +3.6 percentage points.

LeaderLegacy Housing Corporation · 36.1%
Gap101.7% versus #2 · Green Brick Partners, Inc.
Persistence2/8 recent comparable periods
Coverage18/18 companies · 344 observations

Investor read: Legacy Housing Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Legacy Housing Corporation LEGH36%
2Green Brick Partners, Inc. GRBK18%
3Toll Brothers, Inc. TOL14%
4NVR, Inc. NVR14%
5PulteGroup, Inc. PHM13%
Margin changefastest expanders
1Legacy Housing Corporation LEGH+3.6 pp
2Cavco Industries, Inc. CVCO+1.8 pp
3LGI Homes, Inc. LGIH−0.2 pp
4Champion Homes, Inc. SKY−1.3 pp
5Installed Building Products, Inc. IBP−1.5 pp
Operating margin · company comparison
18/18 level · 18/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Legacy Housing Corporation LEGH36%+3.6 ppMar 2026
Green Brick Partners, Inc. GRBK18%−3.6 ppMar 2026
Toll Brothers, Inc. TOL14%−2.7 ppJun 2026
NVR, Inc. NVR14%−3.3 ppJun 2026
PulteGroup, Inc. PHM13%−4.3 ppJun 2026
D.R. Horton, Inc. DHI11%−2.3 ppJun 2026
Taylor Morrison Home Corporation TMHC10%−4.9 ppMar 2026
Cavco Industries, Inc. CVCO9.4%+1.8 ppMar 2026
M/I Homes, Inc. MHO9.3%−5.1 ppMar 2026
Installed Building Products, Inc. IBP8.7%−1.5 ppMar 2026
Meritage Homes Corporation MTH5.8%−5.2 ppMar 2026
Champion Homes, Inc. SKY5.8%−1.3 ppMar 2026
Lennar Corporation LEN5.3%−2.4 ppJun 2026
KB Home KBH2.9%−5.9 ppJun 2026
Hovnanian Enterprises, Inc. HOV2.3%−1.7 ppJun 2026
Dream Finders Homes, Inc. DFH2.1%−5.7 ppMar 2026
LGI Homes, Inc. LGIH-0.2%−0.2 ppMar 2026
Beazer Homes USA, Inc. BZH-4.6%−7.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

10%
12%
13%
14%
13%
16%
11%
12%
8.9%
8.9%
8.1%
9.7%
12%
7.6%
11%
11%
9.4%
9.4%

Champion Homes, Inc. · SKY

11%
13%
17%
18%
22%
24%
14%
13%
10%
1.4%
8.8%
11%
11%
7.1%
11%
11%
9.5%
5.8%

D.R. Horton, Inc. · DHI

21%
21%
23%
25%
21%
17%
15%
18%
18%
15%
16%
17%
16%
14%
13%
14%
12%
11%
11%

Installed Building Products, Inc. · IBP

11%
8.9%
9.7%
14%
13%
13%
12%
13%
15%
14%
13%
13%
13%
13%
10%
13%
14%
15%
8.7%

KB Home · KBH

12%
13%
12%
16%
18%
15%
12%
12%
12%
11%
11%
11%
11%
12%
9.4%
8.8%
8.4%
7.3%
3.4%
2.9%

Lennar Corporation · LEN

19%
21%
18%
22%
22%
19%
13%
15%
17%
18%
13%
14%
15%
14%
9.9%
7.7%
8.0%
7.7%
3.6%
5.3%

M/I Homes, Inc. · MHO

14%
14%
14%
18%
17%
14%
14%
15%
17%
13%
17%
17%
16%
14%
14%
13%
12%
6.5%
9.3%

Meritage Homes Corporation · MTH

21%
21%
22%
23%
21%
17%
12%
15%
17%
15%
16%
17%
15%
13%
11%
11%
8.4%
6.0%
5.8%

NVR, Inc. · NVR

19%
20%
24%
22%
20%
21%
20%
20%
21%
20%
20%
20%
20%
20%
17%
17%
17%
17%
14%

PulteGroup, Inc. · PHM

18%
20%
19%
22%
22%
23%
20%
22%
21%
22%
21%
23%
20%
24%
17%
18%
17%
16%
13%

Taylor Morrison Home Corporation · TMHC

12%
15%
14%
19%
20%
17%
15%
15%
13%
15%
15%
14%
16%
15%
15%
14%
14%
13%
10%

Toll Brothers, Inc. · TOL

12%
15%
9.8%
12%
15%
19%
13%
17%
19%
19%
16%
22%
18%
18%
12%
16%
17%
17%
10%
14%

Margin change · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

+3.4 pp
+3.3 pp
−2.4 pp
−1.6 pp
−6.8 pp
−3.3 pp
−2.1 pp
+3.4 pp
−1.3 pp
+2.7 pp
+1.5 pp
−2.9 pp
+1.8 pp

Champion Homes, Inc. · SKY

+10.3 pp
+10.6 pp
−4.2 pp
−8.9 pp
−13.6 pp
−5.2 pp
−1.9 pp
+1.3 pp
+5.7 pp
+2.4 pp
+0.1 pp
−1.8 pp
−1.3 pp

D.R. Horton, Inc. · DHI

+5.3 pp
+0.1 pp
−4.1 pp
−8.3 pp
−6.9 pp
−2.8 pp
−1.7 pp
+0.8 pp
−0.6 pp
−2.5 pp
−1.6 pp
−3.0 pp
−3.5 pp
−4.3 pp
−3.0 pp
−2.3 pp

Installed Building Products, Inc. · IBP

+2.6 pp
+2.4 pp
+3.7 pp
+2.0 pp
−0.3 pp
+1.4 pp
+0.9 pp
+1.0 pp
−0.4 pp
−1.2 pp
−0.4 pp
−2.5 pp
+0.4 pp
+0.4 pp
+1.5 pp
−1.5 pp

KB Home · KBH

+6.0 pp
+1.6 pp
−0.8 pp
−3.8 pp
−6.2 pp
−3.4 pp
−0.5 pp
−0.4 pp
−0.6 pp
+0.4 pp
−1.7 pp
−2.6 pp
−2.7 pp
−4.4 pp
−6.0 pp
−5.9 pp

Lennar Corporation · LEN

+2.4 pp
−2.7 pp
−4.5 pp
−7.4 pp
−4.6 pp
−0.8 pp
+0.3 pp
−0.9 pp
−2.0 pp
−3.9 pp
−3.5 pp
−6.4 pp
−7.1 pp
−6.2 pp
−6.3 pp
−2.4 pp

M/I Homes, Inc. · MHO

+2.9 pp
+2.7 pp
0.0 pp
−0.8 pp
−2.7 pp
0.0 pp
−0.2 pp
+3.1 pp
+1.9 pp
−0.6 pp
+0.3 pp
−2.2 pp
−3.4 pp
−3.9 pp
−7.1 pp
−5.1 pp

Meritage Homes Corporation · MTH

+5.3 pp
+0.2 pp
−3.7 pp
−9.9 pp
−8.5 pp
−4.0 pp
−2.1 pp
+3.3 pp
+2.0 pp
−1.6 pp
−2.1 pp
−4.5 pp
−5.7 pp
−6.7 pp
−6.6 pp
−5.2 pp

NVR, Inc. · NVR

+3.2 pp
+0.9 pp
+1.5 pp
−4.4 pp
−1.9 pp
+1.4 pp
−1.4 pp
+0.2 pp
+0.3 pp
−1.2 pp
+0.3 pp
−3.3 pp
−3.1 pp
−2.6 pp
−2.8 pp
−3.3 pp

PulteGroup, Inc. · PHM

+3.3 pp
+3.5 pp
+2.2 pp
+0.4 pp
0.0 pp
−0.8 pp
−0.7 pp
+1.1 pp
+0.1 pp
−0.7 pp
+1.6 pp
−3.3 pp
−4.2 pp
−2.7 pp
−7.2 pp
−4.3 pp

Taylor Morrison Home Corporation · TMHC

+9.4 pp
+8.1 pp
+2.5 pp
+0.7 pp
−3.5 pp
−6.8 pp
−2.1 pp
0.0 pp
−1.5 pp
+2.2 pp
+0.3 pp
+0.6 pp
+0.2 pp
−1.5 pp
−2.5 pp
−4.9 pp

Toll Brothers, Inc. · TOL

+2.2 pp
+4.1 pp
+2.9 pp
+4.6 pp
+4.7 pp
−0.1 pp
+3.1 pp
+5.0 pp
−1.0 pp
−0.2 pp
−4.0 pp
−5.6 pp
−1.6 pp
−1.8 pp
−1.6 pp
−2.7 pp
03 · compare level, then change

Profit Scale & Acceleration

Lennar Corporation has the highest Net profit among the 18 Residential Construction companies compared here, at $1,599 million. Toll Brothers, Inc. is next at $1,289 million. Cavco Industries, Inc. has the highest Profit growth at 11.8%, so level and change sit with different companies. 15 of 18 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Lennar Corporation leads with $1,599 million of TTM profit, 24% above Toll Brothers, Inc.. Cavco Industries, Inc. shows 11.8% growth from a $190 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderLennar Corporation · $1,599 million
Gap24% versus #2 · Toll Brothers, Inc.
Persistence1/8 recent comparable periods
Coverage15/18 companies · 344 observations

Investor read: Lennar Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Lennar Corporation LEN$1.6B
2Toll Brothers, Inc. TOL$1.3B
3Taylor Morrison Home Corporation TMHC$677M
4Meritage Homes Corporation MTH$385M
5M/I Homes, Inc. MHO$359M
Profit growthfastest growers
1Cavco Industries, Inc. CVCO12%
2Champion Homes, Inc. SKY5.4%
3Installed Building Products, Inc. IBP3.7%
4Toll Brothers, Inc. TOL-6.6%
5Green Brick Partners, Inc. GRBK-21%
Net profit · company comparison
15/18 level · 15/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
D.R. Horton, Inc. DHI$658M-20%Jun 2026
PulteGroup, Inc. PHM$347M-34%Jun 2026
Lennar Corporation LEN$300M-36%Jun 2026
Toll Brothers, Inc. TOL$261M-26%Jun 2026
NVR, Inc. NVR$198M-34%Jun 2026
Taylor Morrison Home Corporation TMHC$100M-53%Mar 2026
M/I Homes, Inc. MHO$68M-39%Mar 2026
Green Brick Partners, Inc. GRBK$66M-21%Mar 2026
Meritage Homes Corporation MTH$55M-55%Mar 2026
Cavco Industries, Inc. CVCO$42M17%Mar 2026
Installed Building Products, Inc. IBP$35M-22%Mar 2026
Champion Homes, Inc. SKY$32M-16%Mar 2026
KB Home KBH$27M-75%Jun 2026
Dream Finders Homes, Inc. DFH$14M-75%Mar 2026
Legacy Housing Corporation LEGH$11M10%Mar 2026
LGI Homes, Inc. LGIH$2M-50%Mar 2026
Beazer Homes USA, Inc. BZH$-1M-108%Mar 2026
Hovnanian Enterprises, Inc. HOV$-1M-105%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

$27M
$38M
$80M
$53M
$60M
$74M
$47M
$46M
$36M
$34M
$34M
$44M
$56M
$36M
$52M
$52M
$44M
$42M

Champion Homes, Inc. · SKY

$43M
$51M
$68M
$87M
$117M
$144M
$58M
$51M
$47M
$10M
$47M
$56M
$62M
$38M
$67M
$60M
$55M
$32M

D.R. Horton, Inc. · DHI

$1.3B
$1.1B
$1.4B
$1.7B
$1.6B
$968M
$950M
$1.4B
$1.5B
$956M
$1.2B
$1.4B
$1.3B
$852M
$819M
$1.0B
$917M
$601M
$658M

Installed Building Products, Inc. · IBP

$35M
$28M
$34M
$60M
$61M
$53M
$49M
$62M
$68M
$65M
$56M
$65M
$69M
$67M
$45M
$69M
$74M
$77M
$35M

KB Home · KBH

$150M
$174M
$134M
$211M
$255M
$216M
$126M
$164M
$150M
$150M
$139M
$168M
$157M
$191M
$110M
$108M
$110M
$102M
$33M
$27M

Lennar Corporation · LEN

$1.4B
$1.2B
$498M
$1.3B
$1.5B
$1.3B
$590M
$858M
$1.1B
$1.3B
$712M
$944M
$1.2B
$1.1B
$515M
$471M
$586M
$486M
$227M
$300M

M/I Homes, Inc. · MHO

$91M
$113M
$92M
$137M
$132M
$130M
$103M
$118M
$139M
$105M
$138M
$147M
$145M
$133M
$111M
$121M
$106M
$64M
$68M

Meritage Homes Corporation · MTH

$201M
$237M
$217M
$250M
$262M
$262M
$131M
$187M
$222M
$199M
$186M
$232M
$196M
$173M
$123M
$147M
$99M
$84M
$55M

NVR, Inc. · NVR

$332M
$335M
$426M
$433M
$411M
$455M
$344M
$404M
$433M
$410M
$394M
$401M
$429M
$457M
$300M
$334M
$343M
$364M
$198M

PulteGroup, Inc. · PHM

$476M
$663M
$455M
$652M
$628M
$882M
$532M
$720M
$639M
$711M
$663M
$809M
$698M
$913M
$523M
$608M
$586M
$502M
$347M

Taylor Morrison Home Corporation · TMHC

$172M
$283M
$178M
$293M
$309M
$275M
$191M
$235M
$170M
$173M
$191M
$200M
$251M
$244M
$214M
$196M
$204M
$177M
$100M

Toll Brothers, Inc. · TOL

$235M
$374M
$152M
$221M
$273M
$641M
$192M
$320M
$415M
$446M
$240M
$482M
$375M
$475M
$178M
$352M
$370M
$447M
$211M
$261M

Profit growth · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

122%
95%
-11%
-23%
-51%
-28%
-4.4%
56%
5.9%
53%
18%
-21%
17%

Champion Homes, Inc. · SKY

172%
182%
-33%
-56%
-67%
-19%
9.8%
32%
280%
43%
7.1%
-11%
-16%

D.R. Horton, Inc. · DHI

49%
22%
-16%
-34%
-19%
-7.4%
-1.2%
25%
1.1%
-15%
-11%
-31%
-24%
-29%
-29%
-20%

Installed Building Products, Inc. · IBP

62%
74%
89%
44%
3.3%
11%
23%
14%
4.8%
1.5%
3.1%
-20%
6.2%
7.3%
15%
-22%

KB Home · KBH

70%
24%
-6.0%
-22%
-41%
-31%
10%
2.4%
4.7%
27%
-21%
-36%
-30%
-47%
-70%
-75%

Lennar Corporation · LEN

4.5%
11%
18%
-34%
-25%
2.8%
21%
10%
5.1%
-19%
-28%
-50%
-49%
-55%
-56%
-36%

M/I Homes, Inc. · MHO

27%
45%
15%
12%
-14%
5.3%
-19%
34%
25%
4.3%
27%
-20%
-18%
-27%
-52%
-39%

Meritage Homes Corporation · MTH

50%
30%
11%
-40%
-25%
-15%
-24%
42%
24%
-12%
-13%
-34%
-37%
-49%
-51%
-55%

NVR, Inc. · NVR

35%
24%
36%
-19%
-6.7%
5.4%
-9.9%
15%
-0.7%
-0.9%
11%
-24%
-17%
-20%
-20%
-34%

PulteGroup, Inc. · PHM

30%
32%
33%
17%
10%
1.8%
-19%
25%
12%
9.2%
28%
-21%
-25%
-16%
-45%
-34%

Taylor Morrison Home Corporation · TMHC

134%
80%
-2.8%
7.3%
-20%
-45%
-37%
0.0%
-15%
48%
41%
12%
-2.0%
-19%
-27%
-53%

Toll Brothers, Inc. · TOL

16%
71%
26%
45%
52%
-30%
25%
51%
-9.6%
6.5%
-26%
-27%
-1.3%
-5.9%
19%
-26%
04 · compare level, then change

Capacity Spending & Returns On It

D.R. Horton, Inc. has the highest CAPEX among the 18 Residential Construction companies compared here, at $42 million. PulteGroup, Inc. is next at $30 million. Legacy Housing Corporation has the highest CAPEX intensity at 5.9%, so level and change sit with different companies. 18 of 18 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: D.R. Horton, Inc. reports $42 million of CAPEX; Legacy Housing Corporation has the highest covered intensity at 5.9%. Coverage is only 18 of 18 companies and 344 reported observations, so this is partial evidence—not a complete sector rank.

LeaderD.R. Horton, Inc. · $42 million
Gap40% versus #2 · PulteGroup, Inc.
Persistence8/8 recent comparable periods
Coverage18/18 companies · 344 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1D.R. Horton, Inc. DHI$42M
2PulteGroup, Inc. PHM$30M
3Toll Brothers, Inc. TOL$24M
4Lennar Corporation LEN$19M
5Installed Building Products, Inc. IBP$17M
CAPEX intensityhighest reinvestment intensity
1Legacy Housing Corporation LEGH5.9%
2Installed Building Products, Inc. IBP2.6%
3Beazer Homes USA, Inc. BZH2.0%
4Cavco Industries, Inc. CVCO1.5%
5Champion Homes, Inc. SKY1.4%
Capital expenditure · company comparison
18/18 level · 18/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
D.R. Horton, Inc. DHI$42M0.5%Jun 2026
PulteGroup, Inc. PHM$30M0.7%Jun 2026
Toll Brothers, Inc. TOL$24M0.9%Jun 2026
Lennar Corporation LEN$19M0.2%Jun 2026
Installed Building Products, Inc. IBP$17M2.6%Mar 2026
Taylor Morrison Home Corporation TMHC$10M0.7%Mar 2026
KB Home KBH$10M0.9%Jun 2026
Champion Homes, Inc. SKY$9M1.4%Mar 2026
Cavco Industries, Inc. CVCO$8M1.5%Mar 2026
Beazer Homes USA, Inc. BZH$8M2.0%Mar 2026
NVR, Inc. NVR$5M0.3%Jun 2026
Dream Finders Homes, Inc. DFH$5M0.6%Mar 2026
Meritage Homes Corporation MTH$4M0.4%Mar 2026
Hovnanian Enterprises, Inc. HOV$3M0.4%Jun 2026
Legacy Housing Corporation LEGH$2M5.9%Mar 2026
Green Brick Partners, Inc. GRBK$1M0.2%Mar 2026
LGI Homes, Inc. LGIH$1M0.3%Mar 2026
M/I Homes, Inc. MHO$0M0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

$3M
$2M
$4M
$10M
$25M
$8M
$3M
$4M
$5M
$4M
$5M
$5M
$5M
$6M
$9M
$10M
$8M
$8M

Champion Homes, Inc. · SKY

$9M
$6M
$8M
$9M
$9M
$16M
$14M
$10M
$18M
$12M
$11M
$14M
$13M
$13M
$9M
$9M
$7M
$9M

D.R. Horton, Inc. · DHI

$48M
$31M
$42M
$36M
$40M
$48M
$32M
$29M
$40M
$48M
$24M
$62M
$32M
$13M
$34M
$46M
$44M
$27M
$37M
$42M

Installed Building Products, Inc. · IBP

$8M
$9M
$10M
$14M
$11M
$10M
$15M
$13M
$19M
$15M
$22M
$21M
$24M
$22M
$20M
$16M
$19M
$16M
$17M

KB Home · KBH

$10M
$11M
$11M
$12M
$12M
$11M
$9M
$9M
$8M
$9M
$9M
$10M
$9M
$10M
$11M
$12M
$12M
$14M
$13M
$10M

Lennar Corporation · LEN

$16M
$25M
$6M
$5M
$17M
$30M
$5M
$26M
$22M
$46M
$73M
$39M
$18M
$41M
$56M
$15M
$32M
$85M
$30M
$19M

M/I Homes, Inc. · MHO

$2M
$23M
$1M
$1M
$1M
$5M
$2M
$0M
$2M
$1M
$0M
$5M
$1M
$2M
$1M
$3M
$1M
$4M
$0M

Meritage Homes Corporation · MTH

$7M
$8M
$6M
$6M
$7M
$7M
$9M
$12M
$10M
$7M
$6M
$7M
$8M
$7M
$6M
$7M
$8M
$6M
$4M

NVR, Inc. · NVR

$5M
$6M
$4M
$5M
$3M
$6M
$3M
$9M
$7M
$6M
$9M
$6M
$8M
$6M
$7M
$8M
$5M
$4M
$5M

PulteGroup, Inc. · PHM

$21M
$21M
$31M
$32M
$26M
$24M
$24M
$21M
$22M
$25M
$24M
$31M
$39M
$24M
$30M
$35M
$27M
$31M
$25M
$30M

Taylor Morrison Home Corporation · TMHC

$5M
$6M
$5M
$7M
$10M
$8M
$14M
$7M
$26M
$14M
$9M
$8M
$9M
$10M
$9M
$8M
$13M
$11M
$10M

Toll Brothers, Inc. · TOL

$16M
$21M
$18M
$21M
$17M
$15M
$20M
$20M
$15M
$19M
$14M
$16M
$26M
$18M
$17M
$16M
$25M
$28M
$19M
$24M

CAPEX intensity · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

0.9%
0.6%
0.9%
2.0%
4.3%
1.4%
0.6%
0.8%
1.1%
1.0%
1.0%
1.0%
1.0%
1.2%
1.6%
1.8%
1.4%
1.5%

Champion Homes, Inc. · SKY

1.8%
1.1%
1.5%
1.4%
1.2%
2.0%
2.8%
2.2%
3.2%
2.2%
1.8%
2.3%
2.0%
2.2%
1.3%
1.3%
1.1%
1.4%

D.R. Horton, Inc. · DHI

0.6%
0.4%
0.5%
0.4%
0.4%
0.7%
0.4%
0.3%
0.4%
0.6%
0.3%
0.6%
0.3%
0.2%
0.4%
0.5%
0.5%
0.4%
0.5%

Installed Building Products, Inc. · IBP

1.6%
1.7%
1.7%
2.1%
1.5%
1.5%
2.3%
1.9%
2.7%
2.1%
3.2%
2.8%
3.2%
2.9%
2.9%
2.1%
2.4%
2.1%
2.6%

KB Home · KBH

0.7%
0.7%
0.8%
0.7%
0.7%
0.6%
0.7%
0.5%
0.5%
0.5%
0.6%
0.6%
0.5%
0.5%
0.8%
0.8%
0.7%
0.8%
1.2%
0.9%

Lennar Corporation · LEN

0.2%
0.3%
0.1%
0.1%
0.2%
0.3%
0.1%
0.3%
0.3%
0.4%
1.0%
0.4%
0.2%
0.4%
0.7%
0.2%
0.4%
0.9%
0.5%
0.2%

M/I Homes, Inc. · MHO

0.2%
2.2%
0.1%
0.1%
0.1%
0.4%
0.2%
0.0%
0.2%
0.1%
0.0%
0.5%
0.1%
0.2%
0.1%
0.3%
0.1%
0.3%
0.0%

Meritage Homes Corporation · MTH

0.6%
0.5%
0.5%
0.4%
0.4%
0.4%
0.7%
0.8%
0.6%
0.4%
0.4%
0.4%
0.5%
0.4%
0.4%
0.4%
0.6%
0.4%
0.4%

NVR, Inc. · NVR

0.2%
0.3%
0.2%
0.2%
0.1%
0.2%
0.1%
0.4%
0.3%
0.2%
0.4%
0.2%
0.3%
0.2%
0.3%
0.3%
0.2%
0.1%
0.3%

PulteGroup, Inc. · PHM

0.6%
0.5%
1.0%
0.8%
0.7%
0.5%
0.7%
0.5%
0.5%
0.6%
0.6%
0.7%
0.9%
0.5%
0.8%
0.8%
0.6%
0.7%
0.7%

Taylor Morrison Home Corporation · TMHC

0.3%
0.2%
0.3%
0.4%
0.5%
0.3%
0.8%
0.3%
1.6%
0.7%
0.5%
0.4%
0.4%
0.4%
0.5%
0.4%
0.6%
0.5%
0.7%

Toll Brothers, Inc. · TOL

0.7%
0.7%
1.0%
0.9%
0.7%
0.4%
1.1%
0.8%
0.6%
0.6%
0.7%
0.6%
1.0%
0.5%
0.9%
0.6%
0.8%
0.8%
0.9%
0.9%
Annual capital allocation · 6-year view
17/18 capacity base · 18/18 OCF · 18/18 CAPEX · 18/18 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Champion Homes, Inc. · SKY

$133M
$177M
$291M
$307M
$314M

D.R. Horton, Inc. · DHI

$393M
$472M
$445M
$518M
$577M

KB Home · KBH

$76M
$89M
$88M
$90M
$101M

Lennar Corporation · LEN

$340M
$355M
$405M
$516M
$643M

M/I Homes, Inc. · MHO

$89M
$98M
$91M
$88M
$89M

NVR, Inc. · NVR

$129M
$149M
$164M
$205M
$246M

Toll Brothers, Inc. · TOL

$310M
$288M
$324M
$453M
$273M

Operating cash flow · fiscal-year history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Champion Homes, Inc. · SKY

$224M
$416M
$223M
$241M
$304M

D.R. Horton, Inc. · DHI

$534M
$562M
$4.3B
$2.2B
$3.4B

KB Home · KBH

$-37M
$183M
$1.1B
$363M
$336M

Lennar Corporation · LEN

$2.5B
$3.3B
$5.2B
$2.4B
$217M

M/I Homes, Inc. · MHO

$-17M
$184M
$552M
$180M
$137M

NVR, Inc. · NVR

$1.2B
$1.9B
$1.5B
$1.4B
$1.1B

PulteGroup, Inc. · PHM

$1.0B
$668M
$2.2B
$1.7B
$1.9B

Toll Brothers, Inc. · TOL

$1.3B
$987M
$1.3B
$1.0B
$1.1B

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

D.R. Horton, Inc. · DHI

$267M
$148M
$149M
$165M
$137M

KB Home · KBH

$39M
$45M
$35M
$39M
$48M

Lennar Corporation · LEN

$65M
$57M
$100M
$172M
$189M

M/I Homes, Inc. · MHO

$25M
$9M
$6M
$8M
$10M

NVR, Inc. · NVR

$18M
$18M
$25M
$29M
$25M

PulteGroup, Inc. · PHM

$73M
$113M
$92M
$119M
$123M

Toll Brothers, Inc. · TOL

$67M
$72M
$73M
$74M
$86M

Free cash flow · fiscal-year history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Champion Homes, Inc. · SKY

$193M
$364M
$170M
$190M
$270M

D.R. Horton, Inc. · DHI

$267M
$414M
$4.2B
$2.0B
$3.3B

KB Home · KBH

$-77M
$138M
$1.0B
$323M
$287M

Lennar Corporation · LEN

$2.5B
$3.2B
$5.1B
$2.2B
$28M

M/I Homes, Inc. · MHO

$-42M
$175M
$546M
$171M
$128M

NVR, Inc. · NVR

$1.2B
$1.9B
$1.5B
$1.3B
$1.1B

PulteGroup, Inc. · PHM

$931M
$556M
$2.1B
$1.6B
$1.7B

Toll Brothers, Inc. · TOL

$1.2B
$915M
$1.2B
$937M
$1.0B
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Legacy Housing Corporation has the lowest Gross debt among the 18 Residential Construction companies compared here, at $2 million. Cavco Industries, Inc. is next at $31 million. Champion Homes, Inc. has the lowest Net debt at $529 million net cash, so level and change sit with different companies. Its Gross debt series carries 19 reported observations across the 20-quarter window.

What the numbers say: Champion Homes, Inc. has the clearest covered balance-sheet capacity with $529 million net cash and gross debt of $109 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderLegacy Housing Corporation · $2 million
Gap93.5% versus #2 · Cavco Industries, Inc.
Persistence6/8 recent comparable periods
Coverage18/18 companies · 347 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Legacy Housing Corporation LEGH$2M
2Cavco Industries, Inc. CVCO$31M
3Champion Homes, Inc. SKY$109M
4Green Brick Partners, Inc. GRBK$282M
5Hovnanian Enterprises, Inc. HOV$935M
Net debtlowest net debt
1Champion Homes, Inc. SKY$-529M
2Cavco Industries, Inc. CVCO$-222M
3NVR, Inc. NVR$-94M
4Legacy Housing Corporation LEGH$-12M
5M/I Homes, Inc. MHO$-4M
Debt and balance-sheet capacity · company comparison
18/18 level · 18/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
D.R. Horton, Inc. DHI$7.1B$5.0BJun 2026
Lennar Corporation LEN$6.2B$4.4BJun 2026
Toll Brothers, Inc. TOL$2.6B$1.5BJun 2026
Taylor Morrison Home Corporation TMHC$2.4B$1.8BMar 2026
PulteGroup, Inc. PHM$2.3B$962MJun 2026
KB Home KBH$2.0B$1.8BJun 2026
Dream Finders Homes, Inc. DFH$1.9B$1.5BMar 2026
Meritage Homes Corporation MTH$1.8B$1.1BMar 2026
LGI Homes, Inc. LGIH$1.7B$1.6BMar 2026
Beazer Homes USA, Inc. BZH$1.3B$1.1BMar 2026
Installed Building Products, Inc. IBP$1.2B$707MMar 2026
NVR, Inc. NVR$1.1B$-94MJun 2026
M/I Homes, Inc. MHO$1.0B$-4MMar 2026
Hovnanian Enterprises, Inc. HOV$935M$614MJun 2026
Green Brick Partners, Inc. GRBK$282M$110MMar 2026
Champion Homes, Inc. SKY$109M$-529MMar 2026
Cavco Industries, Inc. CVCO$31M$-222MMar 2026
Legacy Housing Corporation LEGH$2M$-12MMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

$25M
$33M
$24M
$13M
$13M
$12M
$22M
$22M
$33M
$35M
$34M
$32M
$31M
$32M
$30M
$30M
$34M
$31M

Champion Homes, Inc. · SKY

$68M
$43M
$47M
$48M
$50M
$51M
$12M
$12M
$105M
$116M
$118M
$111M
$113M
$131M
$128M
$123M
$119M
$109M

D.R. Horton, Inc. · DHI

$5.4B
$5.3B
$5.6B
$6.0B
$6.1B
$5.7B
$6.0B
$6.1B
$5.1B
$5.3B
$5.9B
$5.7B
$5.9B
$5.1B
$6.5B
$7.2B
$6.0B
$5.5B
$6.6B
$7.1B

Installed Building Products, Inc. · IBP

$632M
$937M
$934M
$939M
$938M
$946M
$945M
$949M
$953M
$955M
$964M
$971M
$967M
$978M
$977M
$983M
$985M
$992M
$1.2B

KB Home · KBH

$1.9B
$1.7B
$1.9B
$2.1B
$2.0B
$1.8B
$1.8B
$1.7B
$1.7B
$1.7B
$1.7B
$1.7B
$1.7B
$1.7B
$1.8B
$1.9B
$1.9B
$1.7B
$1.9B
$2.0B

Lennar Corporation · LEN

$6.8B
$6.4B
$6.0B
$6.1B
$5.7B
$6.2B
$5.4B
$5.2B
$4.6B
$5.0B
$4.5B
$3.8B
$4.0B
$4.2B
$3.9B
$4.5B
$5.7B
$6.1B
$5.5B
$6.2B

M/I Homes, Inc. · MHO

$976M
$1.0B
$965M
$974M
$970M
$1.0B
$1.0B
$963M
$975M
$936M
$995M
$993M
$1.0B
$1.0B
$994M
$1.0B
$989M
$1.0B
$1.0B

Meritage Homes Corporation · MTH

$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.0B
$1.0B
$1.0B
$1.3B
$1.3B
$1.3B
$1.8B
$1.8B
$1.8B
$1.8B
$1.8B

NVR, Inc. · NVR

$1.6B
$1.6B
$1.6B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.1B
$1.1B
$1.1B

PulteGroup, Inc. · PHM

$2.5B
$2.7B
$2.4B
$2.5B
$2.7B
$2.6B
$2.4B
$2.3B
$2.4B
$2.5B
$2.5B
$2.2B
$2.1B
$2.1B
$2.1B
$2.1B
$2.0B
$2.2B
$2.3B
$2.3B

Taylor Morrison Home Corporation · TMHC

$3.2B
$3.4B
$3.1B
$2.9B
$2.8B
$2.6B
$2.4B
$2.5B
$2.1B
$2.1B
$2.2B
$2.2B
$2.2B
$2.2B
$2.2B
$2.2B
$2.3B
$2.4B
$2.4B

Toll Brothers, Inc. · TOL

$3.4B
$3.4B
$3.1B
$3.2B
$3.2B
$3.2B
$3.1B
$2.7B
$2.8B
$2.8B
$2.7B
$2.7B
$2.7B
$2.7B
$2.7B
$2.7B
$2.8B
$2.6B
$2.6B
$2.6B

Net debt · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

$-325M
$-210M
$-264M
$-251M
$-241M
$-338M
$-264M
$-344M
$-337M
$-336M
$-346M
$-357M
$-348M
$-344M
$-332M
$-362M
$-208M
$-222M

Champion Homes, Inc. · SKY

$-220M
$-267M
$-335M
$-387M
$-414M
$-626M
$-735M
$-786M
$-393M
$-379M
$-431M
$-459M
$-469M
$-479M
$-477M
$-496M
$-541M
$-529M

D.R. Horton, Inc. · DHI

$2.2B
$2.8B
$3.9B
$4.3B
$3.5B
$3.1B
$2.9B
$2.7B
$1.2B
$2.0B
$2.9B
$2.7B
$1.4B
$2.0B
$4.0B
$4.6B
$3.0B
$3.0B
$4.6B
$5.0B

Installed Building Products, Inc. · IBP

$441M
$604M
$667M
$774M
$710M
$716M
$726M
$694M
$613M
$568M
$564M
$591M
$561M
$650M
$678M
$678M
$652M
$670M
$707M

KB Home · KBH

$1.5B
$1.4B
$1.7B
$1.8B
$1.8B
$1.5B
$1.5B
$1.1B
$1.1B
$963M
$1.0B
$1.1B
$1.3B
$1.1B
$1.5B
$1.6B
$1.6B
$1.5B
$1.7B
$1.8B

Lennar Corporation · LEN

$4.2B
$3.6B
$4.6B
$4.8B
$4.4B
$1.6B
$1.3B
$1.1B
$702M
$-1.3B
$-473M
$188M
$-55M
$-578M
$1.5B
$3.3B
$4.2B
$2.6B
$3.4B
$4.4B

M/I Homes, Inc. · MHO

$539M
$522M
$546M
$591M
$719M
$475M
$235M
$104M
$32M
$27M
$-110M
$-72M
$39M
$-56M
$-21M
$-42M
$15M
$42M
$-4M

Meritage Homes Corporation · MTH

$599M
$542M
$645M
$887M
$857M
$289M
$194M
$-8M
$-44M
$87M
$97M
$320M
$482M
$684M
$823M
$898M
$1.1B
$1.1B
$1.1B

NVR, Inc. · NVR

$-1.1B
$-982M
$-568M
$-497M
$-762M
$-1.5B
$-1.8B
$-1.7B
$-1.9B
$-2.1B
$-1.9B
$-1.5B
$-1.5B
$-1.6B
$-1.2B
$-737M
$-941M
$-863M
$-632M
$-94M

PulteGroup, Inc. · PHM

$968M
$876M
$1.3B
$1.8B
$2.5B
$1.6B
$1.1B
$620M
$559M
$655M
$771M
$781M
$750M
$532M
$817M
$887M
$576M
$182M
$469M
$962M

Taylor Morrison Home Corporation · TMHC

$2.8B
$2.5B
$2.6B
$2.5B
$2.5B
$1.9B
$1.5B
$1.3B
$1.5B
$1.3B
$1.6B
$2.0B
$2.0B
$1.7B
$1.8B
$2.0B
$1.9B
$1.5B
$1.8B

Toll Brothers, Inc. · TOL

$2.5B
$1.8B
$2.5B
$2.7B
$2.9B
$1.8B
$2.3B
$2.0B
$1.7B
$1.5B
$1.9B
$1.7B
$1.8B
$1.4B
$2.1B
$2.0B
$1.9B
$1.4B
$1.4B
$1.5B
06 · compare level, then change

Return On Capital Employed

NVR, Inc. has the highest ROCE among the 18 Residential Construction companies compared here, at 7%. Lennar Corporation is next at 6.8%. Cavco Industries, Inc. has the highest ROCE change at +1.1 percentage points, so level and change sit with different companies. 18 of 18 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: NVR, Inc. leads ROCE at 7%, 0.2 percentage points above Lennar Corporation. Cavco Industries, Inc. has the strongest latest improvement at +1.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderNVR, Inc. · 7%
Gap2.9% versus #2 · Lennar Corporation
Persistence1/8 recent comparable periods
Coverage18/18 companies · 342 observations

Investor read: NVR, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1NVR, Inc. NVR7.0%
2Lennar Corporation LEN6.8%
3D.R. Horton, Inc. DHI4.7%
4Cavco Industries, Inc. CVCO4.6%
5PulteGroup, Inc. PHM4.0%
ROCE changefastest improvers
1Cavco Industries, Inc. CVCO+1.1 pp
2Legacy Housing Corporation LEGH0.0 pp
3LGI Homes, Inc. LGIH0.0 pp
4D.R. Horton, Inc. DHI−0.4 pp
5Champion Homes, Inc. SKY−0.4 pp
Return on capital · company comparison
18/18 level · 18/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
NVR, Inc. NVR7.0%−2.1 ppJun 2026
Lennar Corporation LEN6.8%−6.6 ppJun 2026
D.R. Horton, Inc. DHI4.7%−0.4 ppJun 2026
Cavco Industries, Inc. CVCO4.6%+1.1 ppMar 2026
PulteGroup, Inc. PHM4.0%−1.6 ppJun 2026
Green Brick Partners, Inc. GRBK3.9%−1.6 ppMar 2026
Toll Brothers, Inc. TOL3.5%−1.4 ppJun 2026
Installed Building Products, Inc. IBP3.3%−0.9 ppMar 2026
Legacy Housing Corporation LEGH2.4%0.0 ppMar 2026
Champion Homes, Inc. SKY2.2%−0.4 ppMar 2026
M/I Homes, Inc. MHO2.1%−1.6 ppMar 2026
Taylor Morrison Home Corporation TMHC1.7%−2.0 ppMar 2026
Dream Finders Homes, Inc. DFH0.9%−3.6 ppMar 2026
KB Home KBH0.8%−2.6 ppJun 2026
Hovnanian Enterprises, Inc. HOV0.8%−0.7 ppJun 2026
Meritage Homes Corporation MTH0.0%−2.4 ppMar 2026
LGI Homes, Inc. LGIH0.0%0.0 ppMar 2026
Beazer Homes USA, Inc. BZH-0.8%−1.4 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

6.2%
7.2%
8.9%
9.8%
11%
5.8%
5.8%
3.9%
3.6%
3.6%
4.6%
5.9%
3.5%
5.5%
5.6%
4.9%
4.6%

Champion Homes, Inc. · SKY

10%
13%
15%
19%
20%
6.3%
5.0%
4.0%
0.5%
3.8%
4.4%
4.6%
2.6%
4.8%
4.5%
3.7%
2.2%

D.R. Horton, Inc. · DHI

13%
10%
12%
13%
12%
6.7%
6.3%
8.5%
9.0%
5.3%
6.4%
7.3%
6.5%
4.2%
4.1%
5.1%
4.5%
2.9%
3.3%
4.7%

Installed Building Products, Inc. · IBP

5.5%
4.2%
4.9%
7.8%
7.7%
6.2%
5.5%
6.5%
6.8%
6.3%
5.6%
5.9%
6.2%
5.9%
4.2%
6.1%
6.3%
6.4%
3.3%

KB Home · KBH

7.7%
5.9%
8.7%
10%
8.5%
4.7%
5.9%
5.1%
5.0%
4.3%
5.0%
5.0%
6.0%
3.3%
3.4%
3.4%
3.1%
0.9%
0.8%

Lennar Corporation · LEN

15%
16%
18%
19%
20%
19%
19%
17%
16%
15%
15%
16%
15%
13%
15%
13%
11%
9.5%
7.6%
6.8%

M/I Homes, Inc. · MHO

5.5%
6.0%
5.0%
7.1%
6.1%
5.7%
4.6%
4.9%
5.4%
3.9%
5.0%
5.3%
5.0%
4.4%
3.7%
4.0%
3.4%
1.8%
2.1%

Meritage Homes Corporation · MTH

7.2%
8.2%
7.3%
7.9%
7.5%
7.3%
3.3%
4.7%
5.3%
4.6%
4.2%
4.9%
4.1%
3.4%
2.4%
2.7%
1.8%
1.3%
0.0%

NVR, Inc. · NVR

9.8%
9.5%
13%
14%
13%
13%
9.6%
10%
12%
9.9%
9.3%
11%
10%
11%
7.9%
9.1%
8.8%
9.4%
5.4%
7.0%

PulteGroup, Inc. · PHM

6.6%
8.4%
6.3%
8.7%
8.0%
10%
6.4%
8.3%
7.0%
7.6%
6.4%
7.9%
6.7%
8.3%
4.7%
5.6%
5.2%
5.0%
2.9%
4.0%

Taylor Morrison Home Corporation · TMHC

3.3%
5.4%
3.4%
5.4%
5.8%
6.1%
3.4%
4.3%
3.1%
4.2%
3.3%
3.7%
4.4%
4.7%
3.7%
3.6%
3.6%
3.2%
1.7%

Toll Brothers, Inc. · TOL

5.7%
2.4%
3.8%
4.8%
8.8%
2.9%
5.5%
6.5%
6.8%
3.7%
7.4%
5.7%
6.9%
2.4%
4.9%
5.2%
5.8%
2.2%
3.5%

ROCE change · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

+4.3 pp
−3.1 pp
−4.0 pp
−6.6 pp
−2.2 pp
−1.2 pp
+2.0 pp
−0.1 pp
+1.9 pp
+1.0 pp
−1.0 pp
+1.1 pp

Champion Homes, Inc. · SKY

+10.4 pp
−8.8 pp
−13.5 pp
−16.4 pp
−2.5 pp
−0.6 pp
+0.6 pp
+2.1 pp
+1.0 pp
+0.1 pp
−0.9 pp
−0.4 pp

D.R. Horton, Inc. · DHI

−0.8 pp
−3.6 pp
−6.0 pp
−4.8 pp
−2.7 pp
−1.4 pp
+0.1 pp
−1.2 pp
−2.5 pp
−1.1 pp
−2.3 pp
−2.2 pp
−2.0 pp
−1.3 pp
−0.8 pp
−0.4 pp

Installed Building Products, Inc. · IBP

+2.2 pp
+2.0 pp
+0.6 pp
−1.3 pp
−0.9 pp
+0.1 pp
+0.1 pp
−0.6 pp
−0.6 pp
−0.4 pp
−1.4 pp
+0.2 pp
+0.1 pp
+0.5 pp
−0.9 pp

KB Home · KBH

+0.8 pp
−1.2 pp
−2.8 pp
−5.3 pp
−3.5 pp
−0.4 pp
−0.9 pp
−0.1 pp
+1.0 pp
−1.0 pp
−1.6 pp
−1.6 pp
−2.9 pp
−2.4 pp
−2.6 pp

Lennar Corporation · LEN

+5.3 pp
+2.5 pp
+1.5 pp
−2.0 pp
−4.5 pp
−4.1 pp
−3.8 pp
−1.5 pp
−0.7 pp
−1.8 pp
−0.2 pp
−2.3 pp
−4.2 pp
−3.5 pp
−7.6 pp
−6.6 pp

M/I Homes, Inc. · MHO

+0.6 pp
−0.3 pp
−0.4 pp
−2.2 pp
−0.7 pp
−1.8 pp
+0.4 pp
+0.4 pp
−0.4 pp
+0.5 pp
−1.3 pp
−1.3 pp
−1.6 pp
−2.6 pp
−1.6 pp

Meritage Homes Corporation · MTH

+0.3 pp
−0.9 pp
−4.0 pp
−3.2 pp
−2.2 pp
−2.7 pp
+0.9 pp
+0.2 pp
−1.2 pp
−1.2 pp
−1.8 pp
−2.2 pp
−2.3 pp
−2.1 pp
−2.4 pp

NVR, Inc. · NVR

+2.7 pp
+3.3 pp
−3.3 pp
−3.2 pp
−0.7 pp
−2.9 pp
−0.3 pp
+0.1 pp
−1.4 pp
+1.0 pp
−1.4 pp
−1.4 pp
−1.6 pp
−1.5 pp
−2.5 pp
−2.1 pp

PulteGroup, Inc. · PHM

+1.4 pp
+2.0 pp
+0.1 pp
−0.4 pp
−1.0 pp
−2.8 pp
0.0 pp
−0.4 pp
−0.3 pp
+0.7 pp
−1.7 pp
−2.3 pp
−1.5 pp
−3.3 pp
−1.8 pp
−1.6 pp

Taylor Morrison Home Corporation · TMHC

+2.5 pp
+0.7 pp
0.0 pp
−1.1 pp
−2.7 pp
−1.9 pp
−0.1 pp
−0.6 pp
+1.3 pp
+0.5 pp
+0.4 pp
−0.1 pp
−0.8 pp
−1.5 pp
−2.0 pp

Toll Brothers, Inc. · TOL

+3.1 pp
+0.5 pp
+1.7 pp
+1.7 pp
−2.0 pp
+0.8 pp
+1.9 pp
−0.8 pp
+0.1 pp
−1.3 pp
−2.5 pp
−0.5 pp
−1.1 pp
−0.2 pp
−1.4 pp
07 · compare level, then change

Valuation Against Growth & Quality

Hovnanian Enterprises, Inc. has the lowest Guarded PEG among the 18 Residential Construction companies compared here, at 0.23×. Meritage Homes Corporation is next at 0.28×. Dream Finders Homes, Inc. has the lowest P/E at 8.09×, so level and change sit with different companies. 13 of 18 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Hovnanian Enterprises, Inc. has the lowest comparable Guarded PEG at 0.23×, 17.9% below Meritage Homes Corporation. Only 13 of 18 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderHovnanian Enterprises, Inc. · 0.23×
Gap17.9% versus #2 · Meritage Homes Corporation
Persistence0/8 recent comparable periods
Coverage13/18 companies · 85 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Hovnanian Enterprises, Inc. HOV0.2
2Meritage Homes Corporation MTH0.3
3Dream Finders Homes, Inc. DFH0.5
4KB Home KBH0.6
5M/I Homes, Inc. MHO0.7
P/Elowest P/E
1Dream Finders Homes, Inc. DFH8.1
2Taylor Morrison Home Corporation TMHC8.7
3M/I Homes, Inc. MHO9.2
4Green Brick Partners, Inc. GRBK9.5
5Toll Brothers, Inc. TOL10.8
Valuation · company comparison
13/18 level · 18/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Installed Building Products, Inc. IBP4.128.3Mar 2026
Champion Homes, Inc. SKY2.819.8Mar 2026
NVR, Inc. NVR1.717.7Jun 2026
D.R. Horton, Inc. DHI1.615.5Jun 2026
Legacy Housing Corporation LEGH1.511.5Mar 2026
Cavco Industries, Inc. CVCO1.319.4Mar 2026
Green Brick Partners, Inc. GRBK1.19.5Mar 2026
Lennar Corporation LEN1.013.8Jun 2026
Taylor Morrison Home Corporation TMHC0.88.7Mar 2026
Toll Brothers, Inc. TOL0.810.8Jun 2026
M/I Homes, Inc. MHO0.79.2Mar 2026
KB Home KBH0.611.9Jun 2026
PulteGroup, Inc. PHM0.514.0Jun 2026
Dream Finders Homes, Inc. DFH0.58.1Mar 2026
Meritage Homes Corporation MTH0.311.4Mar 2026
Hovnanian Enterprises, Inc. HOV0.230.9Jun 2026
Beazer Homes USA, Inc. BZH0.167.6Mar 2026
LGI Homes, Inc. LGIH13.0Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

2.7
0.6
0.6
2.0
1.3

Champion Homes, Inc. · SKY

1.1
0.4
0.4
0.7
2.8

D.R. Horton, Inc. · DHI

1.1
1.6

Installed Building Products, Inc. · IBP

0.3
0.4
1.9
5.1
4.0
3.4
3.9
4.1

KB Home · KBH

0.3
0.5
0.6

Lennar Corporation · LEN

1.0

M/I Homes, Inc. · MHO

0.1
0.3
0.9
1.1
0.3
0.7

Meritage Homes Corporation · MTH

0.4
0.7
0.3
0.3

NVR, Inc. · NVR

0.4
1.1
2.1
1.7

PulteGroup, Inc. · PHM

0.1
0.2
0.2
1.5
1.3
1.0
1.0
0.3
0.5

Taylor Morrison Home Corporation · TMHC

0.1
0.2
0.4
0.3
0.3
0.8

Toll Brothers, Inc. · TOL

0.1
0.5
0.6
0.5
0.5
0.8

P/E · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

20.5
17.4
11.4
8.1
7.0
11.8
11.5
17.6
21.7
20.2
24.4
21.8
24.8
18.7
23.5
26.1
19.4

Champion Homes, Inc. · SKY

23.3
23.2
12.8
8.9
7.3
10.8
11.2
21.3
33.6
27.8
36.4
31.1
27.5
16.6
19.3
22.8
19.8

D.R. Horton, Inc. · DHI

7.4
8.7
5.3
4.3
4.1
5.5
6.6
8.7
7.8
10.9
11.2
9.5
13.3
9.9
9.6
10.3
14.7
13.1
12.9
15.5

Installed Building Products, Inc. · IBP

27.1
34.8
18.5
15.5
12.8
11.1
13.6
16.6
14.3
21.2
29.3
23.0
27.4
19.3
19.6
20.1
26.6
26.7
28.3

KB Home · KBH

6.7
6.0
4.7
3.4
3.5
3.9
5.0
6.6
7.4
9.0
9.3
10.7
9.8
7.4
6.8
8.9
10.5
12.3
11.9

Lennar Corporation · LEN

8.1
7.3
6.8
5.3
5.0
5.5
5.9
7.3
8.8
9.2
10.9
10.8
11.9
12.1
8.5
8.6
12.9
15.6
15.9
13.8

M/I Homes, Inc. · MHO

4.8
4.7
3.3
2.7
2.2
2.7
3.6
5.1
4.9
8.5
7.8
6.7
9.2
6.8
6.0
6.2
8.5
8.7
9.2

Meritage Homes Corporation · MTH

5.7
6.3
3.7
3.0
2.7
3.5
4.8
6.3
5.7
8.7
6.5
5.8
7.5
7.2
7.2
7.6
9.7
10.4
11.4

NVR, Inc. · NVR

15.5
18.4
11.9
9.6
8.9
9.4
11.7
13.6
12.6
15.1
16.9
15.7
20.1
16.1
14.9
15.6
17.6
16.7
16.1
17.7

PulteGroup, Inc. · PHM

7.1
7.7
5.1
4.4
3.8
4.1
5.0
6.4
6.0
8.8
9.7
8.4
10.6
7.4
7.3
7.9
10.2
10.5
11.4
14.0

Taylor Morrison Home Corporation · TMHC

6.9
6.8
4.6
3.2
2.7
3.4
4.1
5.4
5.4
7.6
8.9
8.2
9.3
7.4
7.0
7.1
8.0
7.6
8.7

Toll Brothers, Inc. · TOL

9.1
8.3
5.8
5.8
4.0
5.2
5.1
5.8
5.7
7.7
8.1
9.8
9.8
9.4
7.5
8.7
10.0
10.3
10.8
08 · compare level, then change

Enterprise Value & Book Value

Green Brick Partners, Inc. has the lowest EV/EBITDA among the 18 Residential Construction companies compared here, at 2.07×. M/I Homes, Inc. is next at 6.02×. LGI Homes, Inc. has the lowest P/BV at 0.44×, so level and change sit with different companies. 18 of 18 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Green Brick Partners, Inc. leads ev/ebitda at 2.07×; LGI Homes, Inc. leads p/bv at 0.44×.

LeaderGreen Brick Partners, Inc. · 2.07×
Gap65.6% versus #2 · M/I Homes, Inc.
Persistence0/8 recent comparable periods
Coverage18/18 companies · 341 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Green Brick Partners, Inc. GRBK2.1
2M/I Homes, Inc. MHO6.0
3Taylor Morrison Home Corporation TMHC7.0
4Toll Brothers, Inc. TOL8.8
5Legacy Housing Corporation LEGH9.2
P/BVlowest P/BV
1LGI Homes, Inc. LGIH0.4
2Beazer Homes USA, Inc. BZH0.5
3KB Home KBH0.8
4Hovnanian Enterprises, Inc. HOV0.8
5Meritage Homes Corporation MTH0.8
Enterprise and book valuation · company comparison
18/18 level · 17/18 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Meritage Homes Corporation MTH210.40.8Mar 2026
Hovnanian Enterprises, Inc. HOV112.00.8Jun 2026
Beazer Homes USA, Inc. BZH74.80.5Mar 2026
LGI Homes, Inc. LGIH32.50.4Mar 2026
Installed Building Products, Inc. IBP15.110.7Mar 2026
Cavco Industries, Inc. CVCO13.5Mar 2026
D.R. Horton, Inc. DHI13.11.9Jun 2026
KB Home KBH12.80.8Jun 2026
NVR, Inc. NVR12.15.4Jun 2026
Dream Finders Homes, Inc. DFH12.10.9Mar 2026
Champion Homes, Inc. SKY11.82.6Mar 2026
Lennar Corporation LEN11.51.0Jun 2026
PulteGroup, Inc. PHM10.11.7Jun 2026
Legacy Housing Corporation LEGH9.20.9Mar 2026
Toll Brothers, Inc. TOL8.81.6Jun 2026
Taylor Morrison Home Corporation TMHC7.00.9Mar 2026
M/I Homes, Inc. MHO6.01.0Mar 2026
Green Brick Partners, Inc. GRBK2.11.5Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cavco Industries, Inc. · CVCO

14.9
15.8
9.2
6.0
4.8
7.9
7.6
11.9
15.1
13.9
17.2
15.5
18.0
13.3
16.9
18.8
13.5

Champion Homes, Inc. · SKY

14.8
14.9
7.5
5.5
4.3
6.5
6.6
14.5
21.6
16.6
21.9
18.9
17.6
10.1
11.7
13.7
11.8

D.R. Horton, Inc. · DHI

6.0
7.1
4.6
3.8
3.5
4.6
5.5
7.0
6.1
8.6
9.0
7.8
10.6
8.0
8.0
8.8
11.8
10.8
11.0
13.1

Installed Building Products, Inc. · IBP

12.8
16.5
9.8
8.7
7.4
7.3
8.4
9.9
8.7
11.6
15.6
12.4
14.5
10.7
10.7
11.0
14.2
14.4
15.1

KB Home · KBH

7.3
6.7
5.6
4.2
4.0
4.1
4.5
5.8
6.3
7.7
8.2
9.6
8.6
7.4
6.9
8.5
9.8
12.0
12.8

Lennar Corporation · LEN

8.1
6.9
5.6
4.5
4.0
4.3
4.4
5.3
6.3
6.5
7.4
7.6
8.7
9.2
6.4
6.8
10.4
12.4
12.6
11.5

M/I Homes, Inc. · MHO

4.4
4.3
3.3
2.9
2.7
2.6
3.0
4.0
3.7
6.4
5.7
4.8
6.8
4.9
4.4
4.4
6.1
6.3
6.0

Meritage Homes Corporation · MTH

4.9
5.2
3.2
2.9
2.7
2.8
3.8
4.9
4.3
6.9
6.5
5.9
7.7
6.3
6.5
7.1
9.1
9.8
210.4

NVR, Inc. · NVR

9.7
11.7
7.4
6.1
5.6
5.8
7.5
9.2
8.4
10.3
11.9
10.6
13.8
10.7
9.6
10.2
11.5
10.9
10.0
12.1

PulteGroup, Inc. · PHM

5.5
5.7
4.1
3.7
3.4
3.4
3.9
4.8
4.5
6.5
7.3
6.4
8.0
5.7
5.6
6.1
7.5
7.3
8.0
10.1

Taylor Morrison Home Corporation · TMHC

8.5
7.4
5.7
4.2
3.5
3.5
3.8
4.6
4.9
6.3
7.3
7.2
7.7
6.4
6.0
6.3
6.6
6.1
7.0

Toll Brothers, Inc. · TOL

8.3
8.2
6.4
6.3
4.2
5.5
5.0
5.4
4.9
6.5
6.7
7.9
7.6
7.7
6.4
7.2
7.9
8.4
8.8

P/BV · reported quarter history

Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Champion Homes, Inc. · SKY

5.2
6.1
3.8
3.0
2.8
3.5
2.9
3.0
3.5
2.7
3.6
3.3
3.5
2.3
2.6
3.0
2.6

D.R. Horton, Inc. · DHI

2.0
2.5
1.6
1.3
1.2
1.5
1.6
1.9
1.6
2.2
2.3
1.9
2.4
1.8
1.6
1.6
2.1
1.7
1.7
1.9

Green Brick Partners, Inc. · GRBK

1.4
1.8
1.1
1.1
1.0
1.1
1.4
2.2
1.5
1.8
2.0
1.8
2.4
1.6
1.5
1.6
1.8
1.5
1.5

Installed Building Products, Inc. · IBP

8.1
10.0
6.3
6.0
5.1
4.9
6.4
7.1
5.7
7.7
10.8
8.5
9.7
6.9
7.2
7.4
9.9
9.9
10.7

KB Home · KBH

1.3
1.1
0.9
0.7
0.8
0.8
0.9
1.1
1.0
1.3
1.3
1.5
1.5
1.1
0.9
1.1
1.0
1.0
0.8

Lennar Corporation · LEN

1.6
1.5
1.3
1.1
1.0
1.0
1.1
1.2
1.3
1.3
1.6
1.6
1.8
1.7
1.4
1.2
1.5
1.5
1.3
1.0

M/I Homes, Inc. · MHO

1.1
1.1
0.7
0.6
0.5
0.6
0.8
1.1
1.0
1.5
1.4
1.2
1.6
1.2
1.0
1.0
1.2
1.0
1.0

Meritage Homes Corporation · MTH

1.3
1.5
0.9
0.8
0.7
0.9
1.1
1.2
1.0
1.4
1.4
1.2
1.5
1.1
1.0
0.9
1.0
0.9
0.8

NVR, Inc. · NVR

5.6
6.8
5.4
4.4
4.2
4.2
4.7
5.0
4.6
5.1
5.9
5.7
7.0
5.9
5.4
5.5
5.8
5.4
5.0
5.4

PulteGroup, Inc. · PHM

1.9
1.2
2.1
1.8
1.7

Taylor Morrison Home Corporation · TMHC

0.9
1.1
0.8
0.6
0.6
0.7
0.9
1.0
0.9
1.1
1.2
1.1
1.3
1.1
1.0
1.0
1.0
0.9
0.9

Toll Brothers, Inc. · TOL

1.4
1.3
1.0
1.0
0.8
1.1
1.1
1.3
1.1
1.5
1.7
1.9
1.9
1.7
1.3
1.4
1.6
1.6
1.6
09 · let price answer last

Market action

Beazer Homes USA, Inc. has the strongest one-year price move in Residential Construction at +53.9%. It also leads on Mansfield relative strength against the S&P 500 at +28.8%. 7 of 18 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Residential Construction comparison names 4 specific ways its own evidence can mislead, all listed below. All 18 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 18 companies in the canonical Residential Construction membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
D.R. Horton, Inc. DHI$42.3B$1512026-07-28Jun 2026
PulteGroup, Inc. PHMAHEAD$25.3B$1352026-07-28Jun 2026
Lennar Corporation LEN$21.1B$87.72026-07-28Jun 2026
NVR, Inc. NVR$17.3B$6,4712026-07-28Jun 2026
Toll Brothers, Inc. TOLAHEAD$14.5B$1552026-07-28Jun 2026
Taylor Morrison Home Corporation TMHCAHEAD$6.7B$72.52026-07-24Mar 2026
Installed Building Products, Inc. IBP$6.4B$2402026-07-28Mar 2026
Meritage Homes Corporation MTHAHEAD$4.9B$73.22026-07-28Mar 2026
Champion Homes, Inc. SKY$4.6B$83.52026-07-28Mar 2026
Cavco Industries, Inc. CVCOAHEAD$4.5B$5892026-07-28Mar 2026
M/I Homes, Inc. MHOAHEAD$3.9B$1522026-07-28Mar 2026
KB Home KBHAHEAD$3.5B$57.82026-07-28Jun 2026
Green Brick Partners, Inc. GRBKAHEAD$3.2B$73.62026-07-28Mar 2026
Dream Finders Homes, Inc. DFH$1.5B$16.22026-07-28Mar 2026
LGI Homes, Inc. LGIHAHEAD$1.4B$61.42026-07-28Mar 2026
Beazer Homes USA, Inc. BZHAHEAD$883M$33.42026-07-28Mar 2026
Hovnanian Enterprises, Inc. HOVAHEAD$800M$1372026-07-28Jun 2026
Legacy Housing Corporation LEGHAHEAD19/26 WEEKS$639M$26.92026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 18 Residential Construction companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Residential Construction company comparison FAQs

These 18 answers restate the Residential Construction comparison above in question form. Every one is computed from the same 18 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Residential Construction company is the biggest?

Lennar Corporation is the largest, with trailing-twelve-month revenue of $32,737 million, ahead of Toll Brothers, Inc. at $11,045 million. That covers 15 of 18 companies with comparable reporting through Jun 2026.

Which Residential Construction company is growing fastest?

Cavco Industries, Inc. has the fastest revenue growth at 11.4% year on year, across 15 of 18 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Residential Construction company has the best profit margins?

Legacy Housing Corporation has the highest operating margin at 36.1%, from 18 of 18 comparable companies. Legacy Housing Corporation shows the biggest recent improvement, at +3.6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Residential Construction company makes the most profit?

Lennar Corporation earns the most, at $1,599 million of trailing-twelve-month net profit, from 15 of 18 comparable companies. Cavco Industries, Inc. has the fastest profit growth at 11.8%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Residential Construction company earns the highest return on capital?

NVR, Inc. leads on return on capital employed at 7%, across 18 of 18 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Residential Construction stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Hovnanian Enterprises, Inc. screens cheapest at 0.23×. Only 13 of 18 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Residential Construction company has the strongest balance sheet?

Legacy Housing Corporation carries the lowest comparable gross debt at $2 million, from 18 of 18 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Residential Construction company is investing most in new capacity?

D.R. Horton, Inc. reports the largest capital spending at $42 million, across 18 of 18 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Residential Construction sector beating the market?

Residential Construction has underperformed S&P 500 by 5.2% over the last 52 weeks and 10.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 18 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Residential Construction stock has the strongest price momentum?

Beazer Homes USA, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Residential Construction company scores highest for research priority?

Legacy Housing Corporation scores 65.7 out of 100 with 82% evidence confidence, from 20.9 points on growth and earnings, 16.1 on capital efficiency, 9.8 on valuation and 18.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Residential Construction companies does this comparison cover, and over what period?

It compares 18 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Residential Construction sector?

The 18 Residential Construction companies on this page carry $163,419 million of combined market value. D.R. Horton, Inc. is the largest at $42,280 million, about 26% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Residential Construction sector's P/E ratio?

The median price-to-earnings ratio across the 18 Residential Construction companies on this page is 13.8×, measured on the 18 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Residential Construction sector performing?

7 of the 18 covered Residential Construction companies are beating S&P 500 on Mansfield relative strength. The sector itself is 5.2% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Residential Construction stocks are listed in the US?

This comparison covers 18 listed Residential Construction companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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