undamentalytics Newsletter
Sign in

D. R. Horton cash flow statement

In fiscal 2025, D. R. Horton's operations generated $3.42bn of cash; it spent $137m on capital projects, leaving free cash flow of $3.28bn. It returned $495m in dividends and $4.30bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Sept 20092010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Cash from operations1,14170919−292−1,229−6617006244405458921,4225345624,3042,1903,4213,353
Depreciation and amortisation26182019233854615562729182819287101112
Stock-based pay14131418192642495956737891105111118131137
Capital spending6191634581005678103681279794148149165137150
Free cash flow1,1356903−326−1,287−7626445463384777651,3254414144,1562,0253,2843,202
Free cash flow after stock pay1,121677−12−344−1,306−7886024972784216921,2473503094,0441,9063,1533,065
Dividends paid48484848604992119150188223256289317341395495507
Share buybacks—03900—00611284803608741,1001,2001,8004,3002,900
Shares issued————————0010103420200—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: DHI vs LENDHI vs PHMDHI vs TOL

More: Homebuilding stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from D. R. Horton's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to D. R. Horton.