D.R. Horton Cash Flow Statement
NYSE: DHIConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
D.R. Horton free cash flow
In fiscal 2025, D.R. Horton generated $3.42 billion of operating cash flow and spent $137.4 million on capital expenditures. That left free cash flow of $3.28 billion, a free-cash-flow margin of 9.6% of revenue. Free cash flow was up 62.2% from the prior year's $2.02 billion.
D.R. Horton returned $4.79 billion to shareholders: $494.8 million in dividends and $4.30 billion in share repurchases, equal to 146% of free cash flow. Free cash flow covered dividend payments 6.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
D.R. Horton cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20172017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 3.62B | 4.81B | 4.80B | 5.90B | 4.19B | 2.38B | 1.62B | 1.46B | 1.04B | 886.30M |
| Net Income growth (YoY) | -24.66% | +0.23% | -18.66% | +40.67% | +76.06% | +47.07% | +10.69% | +40.82% | +17.16% | +18.06% |
| Depreciation & Amortization | 101.30M | 87.10M | 91.60M | 81.40M | 82.10M | 90.60M | 72.00M | 62.40M | 54.70M | 61.00M |
| Stock-Based Compensation | 131.00M | 118.10M | 111.20M | 105.10M | 91.40M | 77.80M | 73.20M | 55.80M | 59.20M | 49.00M |
| Change in Working Capital | -164.50M | -311.80M | -78.00M | -76.00M | 404.40M | 414.80M | -35.40M | 18.50M | 25.30M | 41.70M |
| Operating Cash Flow | 3.42B | 2.19B | 4.30B | 561.80M | 534.40M | 1.42B | 892.10M | 545.20M | 440.20M | 623.90M |
| Capital Expenditures | -137.40M | -165.30M | -148.60M | -148.20M | -93.50M | -96.50M | -127.20M | -68.10M | -102.70M | -78.10M |
| Investing Cash Flow | -168.70M | -190.60M | -310.20M | -414.90M | -252.20M | -166.10M | -394.00M | 19.00M | -164.00M | -112.60M |
| Dividends Paid | -494.80M | -395.20M | -341.20M | -316.50M | -289.30M | -256.00M | -223.40M | -188.40M | -149.60M | -118.70M |
| Share Repurchases | -4.30B | -1.80B | -1.20B | -1.10B | -874.00M | -360.40M | -479.80M | -127.50M | -60.60M | 0 |
| Financing Cash Flow | -4.76B | -1.36B | -2.67B | -811.20M | -85.10M | 270.60M | -490.10M | -82.50M | -564.60M | -591.90M |
| Net Change in Cash | -1.51B | 643.90M | 1.33B | -664.30M | 197.10M | 1.53B | 8.00M | 481.70M | -288.40M | -80.60M |
| Free Cash Flow | 3.28B | 2.02B | 4.16B | 413.60M | 440.90M | 1.33B | 764.90M | 477.10M | 337.50M | 545.80M |
This table shows 10 annual periods of D.R. Horton's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow DHI's reporting calendar. What is a cash flow statement?