D.R. Horton revenue and financials
$136.75Change from previous close: +2.64%Absolute change: +$3.52
In the fiscal year ended September 2025, D.R. Horton reported revenue of $34.25B (−6.93% year over year). Net income was $3.59B, a net margin of 10.5%.
Fiscal year ending in September. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −6.93%
- FY to Sep 2025 vs FY to Sep 2024
- Net income growth
- −24.62%
- FY to Sep 2025 vs FY to Sep 2024
- Net margin
- 10.5%
- FY to Sep 2024: 12.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 439 | -413 | 854 | 2,472 | 739 | -436 | 647 | 1,962 | 698 | -317 | -153 | 2,043 |
| Depreciation and amortization | 29.0 | 28.1 | 27.7 | 27.4 | 25.2 | 24.6 | 24.1 | 23.6 | 22.4 | 21.1 | 20.0 | 21.4 |
| Capital expenditure | -42.0 | -37.2 | -27.4 | -43.8 | -46.0 | -34.3 | -13.3 | -32.0 | -62.0 | -23.7 | -47.6 | -40.3 |
| Investing cash flow | -53.1 | -44.2 | -116 | -45.2 | -29.0 | -37.4 | -57.1 | -29.5 | -95.1 | -26.7 | -39.3 | -1.7 |
| Financing cash flow | -226 | -122 | -1,218 | -2,058 | -563 | -77.3 | -2,065 | -408 | -677 | 92.2 | -363 | -1,549 |
| Dividends paid | -127 | -130 | -132 | -118 | -122 | -126 | -129 | -97.7 | -98.4 | -99.2 | -99.9 | -84.3 |
| Share repurchases | -610 | -975 | -679 | -705 | -1,169 | -1,388 | -1,083 | -558 | -437 | -462 | -414 | -419 |
| Debt issued | 2,435 | 1,160 | 305 | 89.6 | 960 | 1,562 | 660 | 795 | 92.4 | 479 | 720 | 120 |
| Debt repaid | -1,898 | -158 | -734 | -1,377 | -239 | -150 | -1,502 | -551 | -240 | 160 | -560 | -1,149 |
| Net change in cash | 161 | -579 | -480 | 368 | 147 | -551 | -1,475 | 1,524 | -73.4 | -251 | -556 | 492 |
| Free cash flow | 397 | -450 | 827 | 2,428 | 693 | -471 | 633 | 1,930 | 636 | -340 | -201 | 2,003 |
| Levered free cash flow | 525 | -139 | 112 | 1,910 | 987 | -3,561 | 2,832 | 1,516 | 494 | -66.7 | -1,026 | 1,922 |