DR Horton free cash flow 1992–2026
DR Horton's free cash flow in Q4 FY2026, the three months to 30 September 2026, was 2.57B USD, up 6.0% on the same quarter a year before. DR Horton's free cash flow over the last twelve months was 3.35B USD, up 1.9% on the twelve months before. In fiscal year 2026 it was 3.35B USD, up 1.9% on the year before.
Last updated 6 Nov 2026 · Next report 19 Jan 2027
Free cash flow
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 3.35B | +1.93% | 10.13% | 3.51B | -160.40M | 11.71 |
| FY2026 | 30 Sept 2026 | 3.35B | +1.93% | 10.13% | 3.51B | -160.40M | 11.71 |
| FY2025 | 30 Sept 2025 | 3.28B | +62.19% | 9.59% | 3.42B | -137.40M | 10.60 |
| FY2024 | 30 Sept 2024 | 2.02B | -51.28% | 5.50% | 2.19B | -165.30M | 6.11 |
| FY2023 | 30 Sept 2023 | 4.16B | +904.71% | 11.72% | 4.30B | -148.60M | 12.10 |
| FY2022 | 30 Sept 2022 | 413.60M | +54.91% | 1.24% | 561.80M | -148.20M | 1.17 |
| FY2021 | 30 Sept 2021 | 267.00M | -76.47% | 0.96% | 534.40M | -267.40M | 0.73 |
| FY2020 | 30 Sept 2020 | 1.13B | +69.88% | 5.59% | 1.42B | -286.80M | 3.07 |
| FY2019 | 30 Sept 2019 | 668.00M | +40.01% | 3.80% | 892.10M | -224.10M | 1.77 |
| FY2018 | 30 Sept 2018 | 477.10M | +71.74% | 2.97% | 545.20M | -68.10M | 1.24 |
| FY2017 | 30 Sept 2017 | 277.80M | -47.77% | 1.97% | 435.10M | -157.30M | 0.73 |
| FY2016 | 30 Sept 2016 | 531.90M | -17.45% | 4.38% | 618.00M | -86.10M | 1.42 |
| FY2015 | 30 Sept 2015 | 644.30M | — | 5.95% | 700.40M | -56.10M | 1.74 |
| FY2014 | 30 Sept 2014 | -761.60M | — | -9.49% | -661.40M | -100.20M | -2.08 |
| FY2013 | 30 Sept 2013 | -1.29B | — | -20.59% | -1.23B | -58.00M | -3.53 |
| FY2012 | 30 Sept 2012 | -322.30M | — | -7.40% | -288.70M | -33.60M | -0.90 |
| FY2011 | 30 Sept 2011 | -1.40M | -100.20% | -0.04% | 14.90M | -16.30M | -0.00 |
| FY2010 | 30 Sept 2010 | 690.20M | -39.19% | 15.69% | 709.40M | -19.20M | 2.17 |
| FY2009 | 30 Sept 2009 | 1.14B | -39.41% | 31.03% | 1.14B | -6.20M | 3.58 |
| FY2008 | 30 Sept 2008 | 1.87B | +42.38% | 28.19% | 1.88B | -6.60M | 5.93 |
| FY2007 | 30 Sept 2007 | 1.32B | — | 11.65% | 1.36B | -39.80M | 4.19 |
| FY2006 | 30 Sept 2006 | -1.27B | — | -8.47% | -1.19B | -83.30M | -4.03 |
| FY2005 | 30 Sept 2005 | -688.90M | — | -4.97% | -620.70M | -68.20M | -2.16 |
| FY2004 | 30 Sept 2004 | -477.70M | -227.51% | -4.41% | -422.50M | -55.20M | -1.51 |
| FY2003 | 30 Sept 2003 | 374.65M | — | 4.29% | 423.32M | -48.67M | 0.80 |
| FY2002 | 30 Sept 2002 | -130.42M | — | -1.94% | -90.60M | -39.82M | -0.46 |
| FY2001 | 30 Sept 2001 | -88.65M | — | -1.99% | -55.28M | -33.37M | -0.38 |
| FY2000 | 30 Sept 2000 | -123.34M | — | -3.38% | -107.55M | -15.79M | -0.54 |
| FY1999 | 30 Sept 1999 | -188.20M | — | -5.96% | -170.90M | -17.30M | -0.74 |
| FY1998 | 30 Sept 1998 | -136.90M | — | -6.29% | -125.30M | -11.60M | -0.68 |
| FY1997 | 30 Sept 1997 | -88.40M | — | -10.56% | -83.10M | -5.30M | -0.65 |
| FY1996 | 30 Sept 1996 | -26.60M | — | -4.86% | -23.90M | -2.70M | -0.23 |
| FY1995 | 30 Sept 1995 | -34.70M | — | -7.93% | -32.30M | -2.40M | -0.32 |
| FY1994 | 30 Sept 1994 | -46.60M | — | -11.85% | -44.00M | -2.60M | -0.47 |
| FY1993 | 30 Sept 1993 | -20.30M | -315.96% | -10.68% | -18.80M | -1.50M | -0.20 |
| FY1992 | 30 Sept 1992 | 9.40M | — | 7.57% | 10.00M | -600.00K | 0.10 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 30 Sept 2026 | 2.57B | +5.96% | 27.45% | 2.63B | -53.80M | 9.26 |
| Q3 FY2026 | 30 Jun 2026 | — | — | — | 439.30M | — | — |
| Q2 FY2026 | 31 Mar 2026 | -449.70M | — | -5.95% | -412.50M | -37.20M | -1.56 |
| Q1 FY2026 | 31 Dec 2025 | 826.60M | +30.50% | 12.00% | 854.00M | -27.40M | 2.82 |
| Q4 FY2025 | 30 Sept 2025 | 2.43B | +25.83% | 25.09% | 2.47B | -43.80M | 8.16 |
| Q3 FY2025 | 30 Jun 2025 | 692.60M | +8.85% | 7.51% | 738.60M | -46.00M | 2.33 |
| Q2 FY2025 | 31 Mar 2025 | -470.50M | — | -6.08% | -436.20M | -34.30M | -1.50 |
| Q1 FY2025 | 31 Dec 2024 | 633.40M | — | 8.32% | 646.70M | -13.30M | 1.96 |
| Q4 FY2024 | 30 Sept 2024 | 1.93B | -3.65% | 19.29% | 1.96B | -32.00M | 5.90 |
| Q3 FY2024 | 30 Jun 2024 | 636.30M | -16.10% | 6.38% | 698.30M | -62.00M | 1.93 |
| Q2 FY2024 | 31 Mar 2024 | -340.40M | -155.55% | -3.74% | -316.70M | -23.70M | -1.02 |
| Q1 FY2024 | 31 Dec 2023 | -201.00M | -125.72% | -2.60% | -153.40M | -47.60M | -0.60 |
| Q4 FY2023 | 30 Sept 2023 | 2.00B | +84.68% | 19.07% | 2.04B | -40.30M | 5.90 |
| Q3 FY2023 | 30 Jun 2023 | 758.40M | +220.95% | 7.80% | 787.50M | -29.10M | 2.22 |
| Q2 FY2023 | 31 Mar 2023 | 612.80M | — | 7.69% | 644.50M | -31.70M | 1.78 |
| Q1 FY2023 | 31 Dec 2022 | 781.60M | — | 10.77% | 829.10M | -47.50M | 2.25 |
| Q4 FY2022 | 30 Sept 2022 | 1.08B | +107.98% | 11.25% | 1.12B | -40.20M | 3.10 |
| Q3 FY2022 | 30 Jun 2022 | 236.30M | +125.26% | 2.69% | 271.80M | -35.50M | 0.67 |
| Q2 FY2022 | 31 Mar 2022 | -702.10M | — | -8.78% | -660.50M | -41.60M | -1.97 |
| Q1 FY2022 | 31 Dec 2021 | -205.00M | — | -2.91% | -174.10M | -30.90M | -0.57 |
| Q4 FY2021 | 30 Sept 2021 | 521.40M | -31.96% | 6.43% | 568.90M | -47.50M | 1.44 |
| Q3 FY2021 | 30 Jun 2021 | 104.90M | -88.65% | 1.44% | 120.40M | -15.50M | 0.29 |
| Q2 FY2021 | 31 Mar 2021 | -4.70M | — | -0.07% | 97.20M | -101.90M | -0.01 |
| Q1 FY2021 | 31 Dec 2020 | -354.60M | — | -5.98% | -252.10M | -102.50M | -0.96 |
| Q4 FY2020 | 30 Sept 2020 | 766.30M | +10.64% | 11.97% | 832.70M | -66.40M | 2.07 |
| Q3 FY2020 | 30 Jun 2020 | 924.20M | +82.32% | 17.15% | 984.00M | -59.80M | 2.51 |
| Q2 FY2020 | 31 Mar 2020 | -360.70M | — | -8.02% | -281.30M | -79.40M | -0.97 |
| Q1 FY2020 | 31 Dec 2019 | -195.00M | — | -4.85% | -113.80M | -81.20M | -0.52 |
| Q4 FY2019 | 30 Sept 2019 | 692.60M | +245.78% | 13.75% | 811.40M | -118.80M | 1.85 |
| Q3 FY2019 | 30 Jun 2019 | 506.90M | +35.46% | 10.33% | 542.40M | -35.50M | 1.34 |
| Q2 FY2019 | 31 Mar 2019 | -138.20M | — | -3.35% | -88.60M | -49.60M | -0.37 |
| Q1 FY2019 | 31 Dec 2018 | -393.30M | — | -11.18% | -373.10M | -20.20M | -1.03 |
| Q4 FY2018 | 30 Sept 2018 | 200.30M | -64.99% | 4.45% | 238.70M | -38.40M | 0.52 |
| Q3 FY2018 | 30 Jun 2018 | 374.20M | — | 8.44% | 405.30M | -31.10M | 0.98 |
| Q2 FY2018 | 31 Mar 2018 | -58.40M | — | -1.54% | -23.80M | -34.60M | -0.15 |
| Q1 FY2018 | 31 Dec 2017 | -119.40M | — | -3.58% | -75.00M | -44.40M | -0.31 |
| Q4 FY2017 | 30 Sept 2017 | 572.10M | +12.51% | 13.76% | 625.90M | -53.80M | 1.51 |
| Q3 FY2017 | 30 Jun 2017 | -96.00M | -360.16% | -2.54% | -50.00M | -46.00M | -0.25 |
| Q2 FY2017 | 31 Mar 2017 | -142.80M | -1,862.96% | -4.39% | -107.50M | -35.30M | -0.38 |
| Q1 FY2017 | 31 Dec 2016 | -55.50M | — | -1.91% | -33.30M | -22.20M | -0.15 |
| Q4 FY2016 | 30 Sept 2016 | 508.50M | +1.90% | 13.59% | 529.40M | -20.90M | 1.35 |
| Q3 FY2016 | 30 Jun 2016 | 36.90M | -89.09% | 1.14% | 61.70M | -24.80M | 0.10 |
| Q2 FY2016 | 31 Mar 2016 | 8.10M | — | 0.29% | 28.40M | -20.30M | 0.02 |
| Q1 FY2016 | 31 Dec 2015 | -21.60M | — | -0.89% | -1.50M | -20.10M | -0.06 |
| Q4 FY2015 | 30 Sept 2015 | 499.00M | — | 15.73% | 511.80M | -12.80M | 1.34 |
| Q3 FY2015 | 30 Jun 2015 | 338.10M | — | 11.46% | 357.40M | -19.30M | 0.91 |
| Q2 FY2015 | 31 Mar 2015 | -52.50M | — | -2.19% | -39.80M | -12.70M | -0.14 |
| Q1 FY2015 | 31 Dec 2014 | -140.30M | — | -6.09% | -129.00M | -11.30M | -0.38 |
| Q4 FY2014 | 30 Sept 2014 | -136.60M | — | -5.53% | -86.30M | -50.30M | -0.37 |
| Q3 FY2014 | 30 Jun 2014 | -325.30M | — | -15.15% | -308.20M | -17.10M | -0.88 |
| Q2 FY2014 | 31 Mar 2014 | -273.90M | — | -15.79% | -259.40M | -14.50M | -0.75 |
| Q1 FY2014 | 31 Dec 2013 | -25.80M | — | -1.54% | -7.50M | -18.30M | -0.07 |
| Q4 FY2013 | 30 Sept 2013 | -112.20M | — | -6.03% | -94.80M | -17.40M | -0.31 |
| Q3 FY2013 | 30 Jun 2013 | -311.30M | — | -18.39% | -296.00M | -15.30M | -0.85 |
| Q2 FY2013 | 31 Mar 2013 | -195.10M | — | -13.63% | -183.80M | -11.30M | -0.53 |
| Q1 FY2013 | 31 Dec 2012 | -670.50M | — | -52.58% | -656.50M | -14.00M | -1.84 |
| Q4 FY2012 | 30 Sept 2012 | -130.70M | -250.75% | -9.78% | -120.90M | -9.80M | -0.36 |
| Q3 FY2012 | 30 Jun 2012 | -112.90M | — | -9.82% | -94.60M | -18.30M | -0.31 |
| Q2 FY2012 | 31 Mar 2012 | -82.40M | — | -8.57% | -79.30M | -3.10M | -0.26 |
| Q1 FY2012 | 31 Dec 2011 | -5.70M | -112.45% | -0.63% | -3.30M | -2.40M | -0.02 |
| Q4 FY2011 | 30 Sept 2011 | 86.70M | -26.96% | 7.74% | 90.20M | -3.50M | 0.27 |
| Q3 FY2011 | 30 Jun 2011 | -58.80M | -138.84% | -5.88% | -54.20M | -4.60M | -0.18 |
| Q2 FY2011 | 31 Mar 2011 | -75.10M | -137.07% | -10.00% | -70.60M | -4.50M | -0.24 |
| Q1 FY2011 | 31 Dec 2010 | 45.80M | -78.94% | 5.81% | 49.50M | -3.70M | 0.14 |
| Q4 FY2010 | 30 Sept 2010 | 118.70M | — | 12.51% | 122.30M | -3.60M | 0.37 |
| Q3 FY2010 | 30 Jun 2010 | 151.40M | +24.40% | 10.77% | 159.30M | -7.90M | 0.47 |
| Q2 FY2010 | 31 Mar 2010 | 202.60M | +27.42% | 22.18% | 207.80M | -5.20M | 0.64 |
| Q1 FY2010 | 31 Dec 2009 | 217.50M | -73.32% | 19.21% | 220.00M | -2.50M | 0.61 |
| Q4 FY2009 | 30 Sept 2009 | — | — | — | 39.20M | — | — |
| Q3 FY2009 | 30 Jun 2009 | 121.70M | -68.64% | 13.05% | 123.40M | -1.70M | 0.38 |
| Q2 FY2009 | 31 Mar 2009 | 159.00M | -64.64% | 20.44% | 161.00M | -2.00M | 0.50 |
| Q1 FY2009 | 31 Dec 2008 | 815.10M | +47.24% | 88.79% | 817.60M | -2.50M | 2.57 |
| Q4 FY2008 | 30 Sept 2008 | — | — | — | 479.50M | — | — |
| Q3 FY2008 | 30 Jun 2008 | 388.10M | +497.08% | 26.51% | 390.40M | -2.30M | 1.23 |
| Q2 FY2008 | 28 Mar 2008 | 449.60M | +172.15% | 27.14% | 452.30M | -2.70M | 1.43 |
| Q1 FY2008 | 31 Dec 2007 | 553.60M | +94.72% | 31.77% | 557.70M | -4.10M | 1.76 |
| Q4 FY2007 | 30 Sept 2007 | 801.20M | -6.42% | 25.26% | 808.30M | -7.10M | 2.55 |
| Q3 FY2007 | 29 Jun 2007 | 65.00M | — | 2.50% | 73.40M | -8.40M | 0.21 |
| Q2 FY2007 | 31 Mar 2007 | 165.20M | — | 6.21% | 178.30M | -13.10M | 0.51 |
| Q1 FY2007 | 31 Dec 2006 | 284.30M | — | 9.91% | 295.50M | -11.20M | 0.91 |
| Q4 FY2006 | 30 Sept 2006 | 856.20M | +87.48% | 17.54% | 873.30M | -17.10M | 2.73 |
| Q3 FY2006 | 30 Jun 2006 | -779.50M | — | -21.25% | -748.40M | -31.10M | -2.48 |
| Q2 FY2006 | 31 Mar 2006 | -319.80M | — | -8.89% | -303.10M | -16.70M | -1.01 |
| Q1 FY2006 | 31 Dec 2005 | -1.03B | — | -35.51% | -1.01B | -18.40M | -3.25 |
| Q4 FY2005 | 30 Sept 2005 | 456.70M | +266.64% | 8.96% | 480.20M | -23.50M | 1.46 |
| Q3 FY2005 | 30 Jun 2005 | -402.70M | — | -11.95% | -386.80M | -15.90M | -1.27 |
| Q2 FY2005 | 31 Mar 2005 | -169.70M | — | -5.90% | -155.00M | -14.70M | -0.53 |
| Q1 FY2005 | 31 Dec 2004 | -573.20M | — | -22.75% | -559.10M | -14.10M | -1.36 |
| Q4 FY2004 | 30 Sept 2004 | 124.57M | -73.61% | 3.55% | 140.51M | -15.94M | 0.40 |
| Q3 FY2004 | 30 Jun 2004 | -118.05M | — | -4.23% | -103.41M | -14.64M | -0.37 |
| Q2 FY2004 | 31 Mar 2004 | -320.84M | -2,814.37% | -13.74% | -307.44M | -13.40M | -1.01 |
| Q1 FY2004 | 31 Dec 2003 | -163.38M | — | -7.41% | -152.16M | -11.22M | -0.35 |
| Q4 FY2003 | 30 Sept 2003 | 472.04M | +259.99% | 16.49% | 489.47M | -17.42M | 1.02 |
| Q3 FY2003 | 30 Jun 2003 | -55.50M | — | -2.51% | -46.45M | -9.05M | -0.12 |
| Q2 FY2003 | 31 Mar 2003 | 11.82M | -87.71% | 0.62% | 20.79M | -8.97M | 0.04 |
| Q1 FY2003 | 31 Dec 2002 | -53.71M | — | -3.08% | -40.49M | -13.23M | -0.18 |
| Q4 FY2002 | 30 Sept 2002 | 131.13M | -39.32% | 6.04% | 142.79M | -11.66M | 0.45 |
| Q3 FY2002 | 30 Jun 2002 | -184.95M | — | -10.23% | -172.52M | -12.43M | -0.58 |
| Q2 FY2002 | 31 Mar 2002 | 96.20M | — | 6.01% | 104.89M | -8.69M | 0.41 |
| Q1 FY2002 | 31 Dec 2001 | -172.80M | — | -15.23% | -165.76M | -7.04M | -0.74 |
| Q4 FY2001 | 30 Sept 2001 | 216.10M | +205.71% | 14.03% | 227.66M | -11.56M | 0.93 |
| Q3 FY2001 | 30 Jun 2001 | -67.91M | -326.80% | -6.06% | -56.45M | -11.45M | -0.29 |
| Q2 FY2001 | 31 Mar 2001 | -151.34M | — | -16.69% | -144.16M | -7.18M | -0.66 |
| Q1 FY2001 | 31 Dec 2000 | -85.51M | — | -9.63% | -82.33M | -3.18M | -0.38 |
| Q4 FY2000 | 30 Sept 2000 | 70.69M | +12.92% | 6.50% | 72.55M | -1.86M | 0.32 |
| Q3 FY2000 | 30 Jun 2000 | 29.94M | — | 3.12% | 35.02M | -5.08M | 0.13 |
| Q2 FY2000 | 31 Mar 2000 | -105.46M | — | -13.20% | -100.62M | -4.85M | -0.38 |
| Q1 FY2000 | 31 Dec 1999 | -118.50M | — | -14.65% | -114.50M | -4.00M | -0.48 |
| Q4 FY1999 | 30 Sept 1999 | 62.60M | — | 6.57% | 62.70M | -100.00K | 0.28 |
| Q3 FY1999 | 30 Jun 1999 | -62.20M | — | -7.38% | -59.60M | -2.60M | -0.27 |
| Q2 FY1999 | 31 Mar 1999 | -108.70M | — | -15.55% | -107.50M | -1.20M | -0.47 |
| Q1 FY1999 | 31 Dec 1998 | -79.90M | — | -12.10% | -66.50M | -13.40M | -0.36 |
| Q4 FY1998 | 30 Sept 1998 | — | — | — | -5.40M | — | — |
| Q3 FY1998 | 30 Jun 1998 | -59.60M | — | -9.71% | -50.70M | -8.90M | -0.31 |
| Q2 FY1998 | 31 Mar 1998 | -63.40M | — | -22.85% | -31.30M | -32.10M | -0.47 |
| Q1 FY1998 | 31 Dec 1997 | -38.70M | — | -16.74% | -37.90M | -800.00K | -0.29 |
| Q4 FY1997 | 30 Sept 1997 | 18.10M | +235.19% | 6.39% | 18.40M | -300.00K | 0.13 |
| Q3 FY1997 | 30 Jun 1997 | -14.30M | — | -5.72% | -13.10M | -1.20M | -0.11 |
| Q2 FY1997 | 31 Mar 1997 | -63.20M | — | -39.60% | -59.90M | -3.30M | -0.47 |
| Q1 FY1997 | 31 Dec 1996 | -29.00M | — | -20.08% | -28.50M | -500.00K | -0.25 |
| Q4 FY1996 | 30 Sept 1996 | 5.40M | — | 3.20% | 5.70M | -300.00K | 0.05 |
| Q3 FY1996 | 30 Jun 1996 | -6.60M | -833.33% | -4.61% | -6.00M | -600.00K | -0.05 |
| Q2 FY1996 | 31 Mar 1996 | -18.60M | — | -16.32% | -17.90M | -700.00K | -0.16 |
| Q1 FY1996 | 31 Dec 1995 | -6.80M | — | -5.62% | -5.70M | -1.10M | -0.07 |
| Q4 FY1995 | 30 Sept 1995 | -14.60M | — | -10.99% | -14.00M | -600.00K | -0.14 |
| Q3 FY1995 | 30 Jun 1995 | 900.00K | — | 0.75% | 1.40M | -500.00K | 0.01 |
| Q2 FY1995 | 31 Mar 1995 | -14.60M | — | -16.76% | -13.80M | -800.00K | -0.15 |
| Q1 FY1995 | 31 Dec 1994 | -6.40M | — | -6.60% | -5.90M | -500.00K | -0.06 |
| Q4 FY1994 | 30 Sept 1994 | -600.00K | — | -0.48% | 100.00K | -700.00K | -0.01 |
| Q3 FY1994 | 30 Jun 1994 | -15.00M | — | -13.91% | -14.60M | -400.00K | -0.15 |
| Q2 FY1994 | 31 Mar 1994 | -9.40M | — | -11.38% | -8.60M | -800.00K | -0.10 |
| Q1 FY1994 | 31 Dec 1993 | -21.60M | — | -27.38% | -20.90M | -700.00K | -0.22 |
| Q3 FY1993 | 30 Jun 1993 | -9.80M | — | -15.19% | -9.40M | -400.00K | -0.10 |
| Q2 FY1993 | 31 Mar 1993 | -12.10M | — | -26.83% | -11.70M | -400.00K | -0.12 |
| Q1 FY1993 | 31 Dec 1992 | -8.20M | — | -14.09% | -8.00M | -200.00K | -0.08 |
| Q4 FY1992 | 30 Sept 1992 | -14.60M | — | -31.95% | -13.70M | -900.00K | -0.15 |
| Q3 FY1992 | 30 Jun 1992 | -3.70M | — | -8.04% | -3.60M | -100.00K | -0.04 |
| Q2 FY1992 | 31 Mar 1992 | -7.00M | — | -21.41% | -6.80M | -200.00K | -0.07 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow
Common questions about DR Horton's free cash flow
Source: Financial Modeling Prep
