What is D.R. Horton's operating cash flow?

D.R. Horton (DHI) reported operating cash flow of $854M in Q4 2025.

How has D.R. Horton's operating cash flow changed year-over-year?

D.R. Horton's operating cash flow increased by 32.1% year-over-year, from $646.7M to $854M.

What is the long-term trend for D.R. Horton's operating cash flow?

Over 2 years (2022 to 2024), D.R. Horton's operating cash flow has grown at a 97.4% compound annual growth rate (CAGR), from $561.8M to $2.19B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

D.R. Horton DHI Operating Cash Flow

Operating Cash Flow at other companies

Hovnanian Enterprises, Inc.HOV

$140.89M+352%

St. Joe CompanyJOE

$42.24M+45.6%

Toll BrothersTOL

$134.45M-62.9%

KB HomeKBH

-$125.37M+62.5%

M/I HomesMHO

$135.73M+109%

PultegroupPHM

$159.75M+19.0%

Segments

By segment

See full

Financial Services$731.5M-10.1%

Forestar Group-$157M+65.1%

HomeBuildingOps$121.1M—

Eliminations and Other$33.4M—

Other financials

Income statement

See full

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

See full

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

See full

CapEx$37.2M+8.5%

Free cash flow$826.6M+30.5%

Valuation

See full

Market cap$47.34B+24.1%

Enterprise value$45.44B+27.3%

P/E14.9×+6.0×

P/S1.4×+0.3×

Profitability

See full

Gross margin22.8%-2.7pp

Net margin9.5%-2.6pp

FCF margin7.8%-1.0pp

Returns & leverage

See full

Return on equity13.2%-4.6pp

Debt / equity0×0.0×

Where this comes from

Reported directly by D.R. Horton in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: D.R. Horton (DHI) reported operating cash flow of $854M in Q4 2025.
How has D.R. Horton's operating cash flow changed year-over-year?: D.R. Horton's operating cash flow increased by 32.1% year-over-year, from $646.7M to $854M.
What is the long-term trend for D.R. Horton's operating cash flow?: Over 2 years (2022 to 2024), D.R. Horton's operating cash flow has grown at a 97.4% compound annual growth rate (CAGR), from $561.8M to $2.19B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.