FirmAtlas
Company handbook · DHI · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
DHI · CIK 882184 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026
D.R. Horton, Inc.
$139.39
−0.16 (−0.11%)
Close, Oct 16, 2026 · 52-week $130–171
Last fiscal year
D.R. Horton, Inc. reported revenue of $34.3B for the year ended Sep 30, 2025 (FY25), down 6.9% from FY24. Net income was $3.6B, operating cash flow $3.4B and free cash flow $3.3B. Source: 10-K filed Nov 19, 2025.
Market cap
$41.0B
P/E
13.4
P/B
1.7
Div yield
1.29%
Revenue 1Y
−6.9%/yr
EPS 1Y
−19.3%/yr
Shares 1Y
−9%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOPaul J. Romanowski
HQArlington, TX
AuditorErnst & Young LLP
Employees14,341
Year endsSeptember
Revenue by segment · FY25
Homebuilding92%
Forestar Group5%
Rental5%
Financial Services2%
Eliminations And Other-4%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
17.0%
9.9%
10.1%
−8.8%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$7.4B deployed
Capex
$303M
4.1%
Acquisitions
$94M
1.3%
Dividends
$890M
12.0%
Buybacks
$6.1B
82.6%
Operating cash flow over the period: $5.6B. Total debt changed by $0M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Sep 30, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,190
3,421+56.2%
3,353
Net income
4,806
3,621−24.7%
—
Depreciation & amortization
87
101+16.3%
—
Stock-based compensation
118
131+10.9%
—
Working capital & other
(2,821)
(432)n/m
—
Cash from investing
(191)
(169)n/m
—
Capex
(165)
(137)n/m
—
Acquisitions
(40)
(53)n/m
—
Other investing
15
22+44.4%
—
Cash from financing
(1,355)
(4,763)n/m
—
Dividends
(395)
(495)n/m
—
Buybacks
(1,800)
(4,300)n/m
—
Shares issued
20
0−100.0%
—
Other financing
820
32−96.1%
—
Net change in cash
644
(1,511)−334.6%
—
Free cash flow (OCF − capex)
2,025
3,284+62.2%
3,202
Where the cash went
Operating cash flow
2,190
3,421+56.2%
3,353
Reinvested in the business
206
190−7.4%
—
% of operating cash flow
9.4%
5.6%
Capex
165
137−16.9%
150
Acquisitions
40
53+31.4%
—
Free cash flow
2,025
3,284+62.2%
3,202
YoY
+62.2%
Returned to shareholders
2,195
4,795+118.4%
—
% of free cash flow
108.4%
146.0%
Dividends
395
495+25.2%
—
Buybacks
1,800
4,300+138.9%
—
FCF conversion (FCF ÷ net income)
42.6%
91.6%+49.0 pp
—
Buyback yield
2.9%
8.6%+5.7 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
9,678
6,887
7,558
9,227
vs year-ago quarter
Gross profit
2,097
1,595
1,703
2,146
Gross margin
21.7%
23.2%
22.5%
23.3%
Net income
905
595
648
905
vs year-ago quarter
Net margin
9.4%
8.6%
8.6%
9.8%
EPS (diluted, $)
3.07
2.03
2.24
3.20
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
35,471
34,640
35,567
36,511
Cash & equivalents
3,033
2,553
1,974
2,135
Shareholders’ equity
24,190
23,996
23,626
23,820
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
2,472
854
(412)
439
Capex
44
27
37
42
Free cash flow
2,428
827
(450)
397
vs year-ago quarter