D.R. Horton, Inc.

DHINYSEConsumer Cyclical● Active

$145.30

$-0.31(-0.21%)

Market Cap$41.2B

P/E Ratio—

52W High$184.55

52W Low$119.54

Avg Volume2.6M

Open$144.75

Beta1.38

Free Cash Flow Financials Revenue

D.R. Horton, Inc. (DHI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DHI · free cash flow · updated Jun 8, 2026

Core FCF metrics

DHI · FCF · TTM · margin & CAGR

Free cash flow was $3.28B for FY2025 (fiscal year ending 2025-09-30), up 62.2% year-over-year The FCF margin was 9.6%. Five-year CAGR stands at +23.7%.

FY2025 Free Cash Flow$3.28B▲ +62.2% YoY

Trailing 12M (TTM)$3.50Btrailing 4 quarters sum

FCF Margin9.6%$3.28B ÷ revenue

3-Year CAGR+99.5%FY2022 → FY2025

5-Year CAGR+23.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DHI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.42B(137M)$3.28B▲ +62.2%9.6%

FY2024$2.19B(165M)$2.02B▼ 51.3%5.5%

FY2023$4.30B(149M)$4.16B▲ +904.7%11.7%

FY2022$561.8M(148M)$413.6M▲ +54.9%1.2%

FY2021$534.4M(267M)$267.0M▼ 76.5%1.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DHI · P/FCF · FCF yield · FCF per share

D.R. Horton, Inc. (DHI) trades at a FCF yield of 8.47% and a price-to-free-cash-flow ratio of 12.8x. FCF per share stands at $11.34, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.47%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.34

TTM FCF ÷ Shares Outstanding

Price / FCF

x12.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

DHI · cash flow statement · operating / investing / financing

For FY2025, D.R. Horton, Inc. generated $3.42B in operating cash flow and spent 137M in capital expenditures, yielding $3.28B in free cash flow.

Operating Activities

+$3.42B

Cash from core business operations

2025-09-30

Investing Activities

−$168.7M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$4.76B

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($3.42B) − |CapEx| (137M) = FCF ($3.28B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

DHI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

D.R. Horton, Inc.YOU

DHI

$3.28B+62.2%9.6%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

D.R. Horton, Inc. (DHI) reported free cash flow of $3.28B for FY2025 (fiscal year ending 2025-09-30), up 62.2% year-over-year. The FCF margin was 9.6%.

Based on available data, D.R. Horton, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $4.16B in FY2023. The 5-year CAGR stands at +23.7%.

D.R. Horton, Inc.'s FCF yield is 8.47% and price-to-FCF ratio is 12.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DHI free cash flow · 8 questions

D.R. Horton, Inc. free cash flow was $3.28B for FY2025, up 62.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.50B.

DHI free cash flowDHI FCFDHI FCF 2025DHI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · D.R. Horton, Inc. · D.R. Horton, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026