D.R. Horton, Inc. (DHI)
NYSE: DHI · Real-Time Price · USD
147.99
-0.82 (-0.55%)
Aug 17, 2026, 11:14 AM EDT - Market open
D.R. Horton Cash Flow Statement
Financials in millions USD. Fiscal year is October - September.
Millions USD. Fiscal year is Oct - Sep.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Net Income | 3,053 | 3,585 | 4,756 | 4,746 | 5,858 | 4,176 |
Depreciation & Amortization | 112.2 | 101.3 | 87.1 | 91.6 | 81.4 | 82.1 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | -14 |
Asset Writedown & Restructuring Costs | 15.2 | 33 | 14 | 19 | 3.8 | 5.6 |
Stock-Based Compensation | 137.4 | 131 | 118.1 | 111.2 | 105.1 | 91.4 |
Other Operating Activities | 259.3 | 284 | 133.4 | 64.9 | 133.8 | 46.5 |
Change in Inventory | 10.1 | -460.1 | -2,650 | -516.4 | -5,185 | -3,759 |
Change in Accounts Payable | 208.9 | 83.7 | 19.6 | -101.8 | 1,036 | 845.1 |
Change in Other Net Operating Assets | -443.4 | -337.2 | -289 | -110.1 | -1,470 | -939 |
Operating Cash Flow | 3,353 | 3,421 | 2,190 | 4,304 | 561.8 | 534.4 |
Operating Cash Flow Growth | 15.18% | 56.22% | -49.12% | 666.13% | 5.13% | -62.41% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -150.4 | -137.4 | -165.3 | -148.6 | -148.2 | -267.4 |
Sale of Property, Plant & Equipment | 4.5 | 22.9 | 19.4 | 52 | - | 37.6 |
Cash Acquisitions | -87.9 | -53.1 | -40.4 | -212.9 | -271.5 | -24.5 |
Other Investing Activities | -24.9 | -1.1 | -4.3 | -0.7 | 4.8 | 2.1 |
Investing Cash Flow | -258.7 | -168.7 | -190.6 | -310.2 | -414.9 | -252.2 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 3,272 | 2,086 | 762.3 | 4,374 | 1,904 |
Long-Term Debt Repaid | - | -3,268 | -1,192 | -1,824 | -3,801 | -826.3 |
Net Debt Issued (Repaid) | -177.6 | 3.7 | 894.7 | -1,062 | 572.5 | 1,077 |
Issuance of Common Stock | 18.9 | 18.5 | 20.6 | 25.5 | 33.2 | 22.7 |
Repurchase of Common Stock | -2,970 | -4,346 | -1,871 | -1,235 | -1,194 | -926.9 |
Common Dividends Paid | -506.7 | -494.8 | -395.2 | -341.2 | -316.5 | -289.3 |
Other Financing Activities | 11.4 | 55.5 | -4 | -54.8 | 93.1 | 31.1 |
Financing Cash Flow | -3,624 | -4,763 | -1,355 | -2,667 | -811.2 | -85.1 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Net Cash Flow | -530 | -1,511 | 643.9 | 1,327 | -664.3 | 197.1 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 3,202 | 3,284 | 2,025 | 4,156 | 413.6 | 267 |
Free Cash Flow Growth | 14.98% | 62.19% | -51.28% | 904.72% | 54.91% | -76.47% |
Free Cash Flow Margin | 9.60% | 9.59% | 5.50% | 11.72% | 1.23% | 0.96% |
Free Cash Flow Per Share | 11.02 | 10.60 | 6.11 | 12.11 | 1.17 | 0.73 |
Levered Free Cash Flow | 2,414 | 2,174 | 922.18 | 3,136 | -1,240 | -938.46 |
Unlevered Free Cash Flow | 2,414 | 2,174 | 922.18 | 3,136 | -1,240 | -938.46 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Cash Income Tax Paid | 1,021 | 1,021 | 1,670 | 1,442 | 1,701 | 1,138 |
Change in Working Capital | -224.4 | -713.6 | -2,919 | -728.3 | -5,620 | -3,853 |