D.R. Horton, Inc. income statement & cash flow
In the fiscal year ended Sep 30, 2025, D.R. Horton, Inc. reported net income of $3.59B on revenue of $34.25B. Operating cash flow was $3.42B and capital expenditures were $137.40M, leaving $3.28B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.16B | $14.09B | $16.07B | $17.59B | $20.31B | $27.77B | $33.48B | $35.46B | $36.80B | $34.25B |
| Net income | $886.30M | $1.04B | $1.46B | $1.62B | $2.37B | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B |
| Diluted EPS | $2.36 | $2.74 | $3.81 | $4.29 | $6.41 | $11.41 | $16.51 | $13.82 | $14.34 | $11.57 |
| Operating cash flow | $623.90M | $440.20M | $545.20M | $892.10M | $1.42B | $534.40M | $561.80M | $4.30B | $2.19B | $3.42B |
| Capital expenditures | $78.10M | $102.70M | $68.10M | $127.20M | $96.50M | $93.50M | $148.20M | $148.60M | $165.30M | $137.40M |
| Reported in | 10-K 2018 | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2025 | 10-K 2025 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Sep 2025 | — | — | 10.5% |
| Sep 2024 | — | — | 12.9% |
| Sep 2023 | — | — | 13.4% |
| Sep 2022 | — | — | 17.5% |
| Sep 2021 | — | — | 15.0% |
Source: SEC EDGAR XBRL company facts for CIK 882184 (raw data). Most recent filing in this dataset: 10-Q filed Jul 23, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.