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D.R. Horton DHI Free cash flow

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Other financials

Income statement

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Revenue$7.6B-2.3%
Gross profit$1.7B-10.4%
Net income$647.9M-20.1%
EPS (diluted)$2.24-13.2%

Balance sheet

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Cash & equivalents$2.0B-21.6%
Total debt$70.0M+36.5%
Total equity$23.6B-2.9%
Total assets$35.6B-0.3%

Cash flow

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Operating cash flow$854.0M+32.1%
CapEx$37.2M+8.5%

Valuation

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Market cap$46.19B+18.3%
Enterprise value$44.29B+21.5%
P/E14.6×+4.7×
P/S1.4×+0.3×

Profitability

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Gross margin22.8%-2.7pp
Net margin9.5%-2.6pp
FCF margin7.8%-1.0pp

Returns & leverage

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Return on equity13.2%-4.6pp
Debt / equity0.0×

Where this comes from

Calculated from D.R. Horton’s reported figures.

The official record: D.R. Horton’s 10-Q, filed January 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D.R. Horton's free cash flow?
D.R. Horton (DHI) reported free cash flow of $826.6M in Q4 2025.
How has D.R. Horton's free cash flow changed year-over-year?
D.R. Horton's free cash flow increased by 30.5% year-over-year, from $633.4M to $826.6M.
What is the long-term trend for D.R. Horton's free cash flow?
Over 2 years (2022 to 2024), D.R. Horton's free cash flow has grown at a 121.2% compound annual growth rate (CAGR), from $413.6M to $2.02B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.