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Homebuilder operating metrics

Homebuilder operating metrics: cross-company comparison


Oxford Ledge compares 11 builders on 6 operating metrics extracted from their own SEC earnings exhibits. Reporting periods represented: Q1 2026, Q2 2026, Q3 2026. Among 3 builders reporting it for Q2 2026, TMHC leads on Home gross margin (20.0%), while M/I Homes, Inc. leads on Cancellation rate (8.0%).

11
Builders
6
Operating Metrics

Homebuilder operating metrics

How we read this →

Reporting periods represented: Q1 2026, Q2 2026, Q3 2026.

CompanyDHID.R. Horton, Inc.GRBKGreen Brick Partners, Inc.KBHKB HomeLENLennar Corp.LGIHLGI Homes, Inc.MHOM/I Homes, Inc.MTHMeritage Homes Corp.NVRNVR Inc.PHMPulteGroup, Inc.TMHCTOLToll Brothers, Inc.
LTM revenue$33.3B$2.0B$5.2B$32.0B$1.7B$4.2B$9.8B$16.8B$7.6B$10.8B
LTM net income$3.1B$291.3M$227.6M$1.3B$66.2M$277.4M$329.3M$1.2B$2.0B$667.7M$1.2B
Reported periodQ3 2026Q1 2026Q2 2026Q2 2026Q2 2026Q2 2026Q2 2026Q3 2026Q3 2026Q2 2026Q2 2026
Home deliveries23,9832,39520,5198811,9142,9675,0586,997
Net new orders23,0848833,31721,7492,3503,6645,8857,5362,834
Backlog (units)15,9835204,52616,8182,2451,86510,9983,4655,394
Average selling price closing ASP$530K$371K$373K$451K$578K
Home gross margin reported18.7%17.5%1st20.0%
Cancellation rate7.6%45.6%1st8.0%14.9%

Context columns: LTM figures sum the issuer's last four quarterly filings and render blank unless all four quarters are on file. Share price, enterprise value and market cap are not shown here. Market prices are shown to signed-in users.

Metric coverage

  • Home deliveries: 8 of 11 builders report this on the canonical basis.
  • Net new orders: 9 of 11 builders report this on the canonical basis.
  • Backlog (units): 9 of 11 builders report this on the canonical basis.
  • Average selling price: 5 of 11 builders report this on the canonical basis.
  • Home gross margin: 3 of 11 builders report this on the canonical basis.
  • Cancellation rate: 4 of 11 builders report this on the canonical basis.

Oxford Ledge Signal -- extracted from the issuer's own SEC earnings exhibit and normalized by Oxford Ledge. As reported by the issuer per regulatory convention, not re-audited by us; a figure our extractor could not verify is withheld, never shown. A metric is compared only across builders reporting it on the SAME basis and scope; a blank cell is an honest coverage gap, never a zero, and builders may report different quarters (see the period range). Source: each issuer’s own SEC EDGAR earnings exhibit.

Compare these figures in Oxford Ledge

Open the interactive comparison in Oxford Ledge to switch reporting periods and read each figure in context.

Frequently asked

What is Home gross margin?

Home sales revenue left after land and construction cost, as a percent.

Which homebuilder company leads on Home gross margin?

Among 3 builders reporting it for Q2 2026, TMHC leads on Home gross margin (20.0%).

Where does this data come from?

Each figure is extracted from the company's own SEC earnings exhibit and stamped with its reporting period. A figure is ranked only against companies reporting the same quarter on the same basis; figures are as reported by each issuer and not re-audited by Oxford Ledge. Informational, not investment advice.

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