D.R. Horton, Inc.
DHI Consumer Cyclical Residential Construction
D.R. Horton, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $34.3 billion, down 6.93% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 4.75%, free cash flow fell 44.1% and total debt fell 1.88%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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D.R. Horton, Inc. (DHI) Free cash flow
D.R. Horton, Inc.'s free cash flow for fiscal 2025 was $3.3B, up 61.8% from $2.0B in fiscal 2024. Over the twelve months to 30 June 2026 it was $3.2B. Over the past ten years it has ranged from $282.9M (fiscal 2017) to $4.2B (fiscal 2023); the current reading is higher than 91% of that period. D.R. Horton, Inc. ranks 1st of 18 Residential Construction companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.3B | 61.77% |
| FY2024 | $2.0B | (51.42%) |
| FY2023 | $4.2B | 917.29% |
| FY2022 | $413.6M | 35.78% |
| FY2021 | $304.6M | (75.91%) |
| FY2020 | $1.3B | 55.78% |
| FY2019 | $811.8M | 16.00% |
| FY2018 | $699.8M | 147.37% |
| FY2017 | $282.9M | (47.40%) |
| FY2016 | $537.8M | (23.20%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $397.3M | — |
| Mar 2026 | −$449.7M | — |
| Dec 2025 | $826.6M | (66.02%) |
| Sep 2025 | $2.4B | 242.12% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| DHI D.R. Horton, Inc. | $3.2B |
| PHM PulteGroup, Inc. compare | $1.5B |
| TOL Toll Brothers Inc. compare | $1.1B |
| NVR NVR, Inc. compare | $1.0B |
| LEN Lennar Corporation compare | $936.7M |
| LEN.B Lennar Corporation compare | $936.7M |
| IBP Installed Building Products, Inc. compare | $294.0M |
| SKY Champion Homes, Inc. compare | $271.9M |
| CVCO Cavco Industries, Inc. compare | $234.9M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
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- Current ratio
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