D.R. Horton, Inc. (DHI) FCF Payout Ratio: 15.44%
Is D.R. Horton, Inc.’s FCF payout ratio high or low?
D.R. Horton, Inc.'s FCF payout ratio of 15.44% is 63% below its 5-year average of 41.71%, near the low end of its 5-year range (8.21%–108.35%).
10.73% below its 12-month average of 17.30%.
DHI FCF Payout Ratio Chart
DHI Average FCF Payout Ratio Chart
DHI Current vs Average FCF Payout Ratio Chart
DHI FCF Payout Ratio Metrics
FCF PAYOUT RATIO
15.44%
FCF PAYOUT RATIO AVG TTM
17.30%
FCF PAYOUT RATIO AVG 3Y
29.83%
FCF PAYOUT RATIO AVG 5Y
41.71%
FCF PAYOUT RATIO AVG 10Y
37.60%
FCF PAYOUT RATIO AVG 15Y
28.37%
FCF PAYOUT RATIO AVG 20Y
20.13%
CURRENT VS TTM AVG
-10.73%
CURRENT VS 3Y AVG
-48.24%
CURRENT VS 5Y AVG
-62.98%
CURRENT VS 10Y AVG
-58.93%
CURRENT VS 15Y AVG
-45.58%
CURRENT VS 20Y AVG
-23.29%
Payout Ratio Comparison
FCF Payout Ratio
15.4%
Earnings Payout Ratio
15.1%
Dividend Yield
1.12%
FCF Yield
7.74%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.28B | $494.80M | 15.1% |
| 2024 | $2.02B | $395.20M | 19.5% |
| 2023 | $4.16B | $341.20M | 8.2% |
| 2022 | $413.60M | $316.50M | 76.5% |
| 2021 | $267.00M | $289.30M | 108.4% |
| 2020 | $1.13B | $256.00M | 22.6% |
| 2019 | $668.00M | $223.40M | 33.4% |
| 2018 | $477.10M | $188.40M | 39.5% |
| 2017 | $277.80M | $149.60M | 53.9% |
| 2016 | $531.90M | $118.70M | 22.3% |
| 2015 | $644.30M | $91.60M | 14.2% |
| 2014 | ($761.60M) | $48.60M | N/A (Loss) |
| 2013 | ($1.29B) | $60.20M | N/A (Loss) |
| 2012 | ($322.30M) | $47.80M | N/A (Loss) |
| 2011 | ($1.40M) | $47.80M | N/A (Loss) |
| 2010 | $690.20M | $47.70M | 6.9% |
| 2009 | $1.14B | $47.50M | 4.2% |
| 2008 | $1.87B | $142.00M | 7.6% |
| 2007 | $1.32B | $188.40M | 14.3% |
| 2006 | ($1.27B) | $137.60M | N/A (Loss) |
| 2005 | ($688.90M) | $96.50M | N/A (Loss) |
| 2004 | ($477.70M) | $66.90M | N/A (Loss) |
| 2003 | $374.65M | $40.10M | 10.7% |
| 2002 | ($130.41M) | $26.11M | N/A (Loss) |
| 2001 | ($88.65M) | $13.73M | N/A (Loss) |
| 2000 | ($123.34M) | $9.29M | N/A (Loss) |
| 1999 | ($188.20M) | $7.10M | N/A (Loss) |
| 1998 | ($136.90M) | $4.70M | N/A (Loss) |
| 1997 | ($88.40M) | $2.10M | N/A (Loss) |
| 1996 | ($26.60M) | $1.40M | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
D.R. Horton, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
D.R. Horton, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The FCF payout ratio for DHI stock is 15.44%.
- Is D.R. Horton, Inc.'s FCF payout ratio high or low?
- D.R. Horton, Inc.'s FCF payout ratio of 15.44% is 63% below its 5-year average of 41.71%, near the low end of its 5-year range (8.21%–108.35%).
- What is the TTM average FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The TTM average FCF payout ratio for DHI stock is 17.30%.
- What is the 3Y average FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The 3Y average FCF payout ratio for DHI stock is 29.83%.
- What is the 5Y average FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The 5Y average FCF payout ratio for DHI stock is 41.71%.
- What is the 10Y average FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The 10Y average FCF payout ratio for DHI stock is 37.60%.
- What is the 15Y average FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The 15Y average FCF payout ratio for DHI stock is 28.37%.
- What is the 20Y average FCF payout ratio for D.R. Horton, Inc. (DHI)?
- The 20Y average FCF payout ratio for DHI stock is 20.13%.
D.R. Horton, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-09-30 | 15.07% |
| 2024-09-30 | 19.52% |
| 2023-09-30 | 8.21% |
| 2022-09-30 | 76.52% |
| 2021-09-30 | 108.35% |
| 2020-09-30 | 22.56% |
| 2019-09-30 | 33.44% |
| 2018-09-30 | 39.49% |
| 2017-09-30 | 53.85% |
| 2016-09-30 | 22.32% |
| 2015-09-30 | 14.22% |
| 2010-09-30 | 6.91% |
| 2009-09-30 | 4.19% |
| 2008-09-30 | 7.58% |
| 2007-09-30 | 14.32% |
| 2003-09-30 | 10.70% |
About D.R. Horton, Inc.
Established in Arlington, Texas, in 1978, D.R. Horton, Inc. operates as a prominent residential construction enterprise. The company's core business involves acquiring and preparing land, then constructing and marketing homes across a substantial portion of the United States. Its operations span 31 states and 98 distinct markets, covering the East, North, Southeast, South Central, Southwest, and Northwest regions. Under several well-known brand names, including D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes, the firm develops diverse housing types. This includes both individual detached houses and attached residences such as townhomes, duplexes, and triplexes. Beyond its primary homebuilding activities, D.R. Horton offers a range of complementary services. These encompass providing mortgage financing to its clientele, as well as furnishing title insurance, examination, and closing services. The company is also engaged in the development of residential lots. Additionally, D.R. Horton's portfolio extends to the creation, ownership, leasing, and sale of multi-family and single-family rental properties. It also holds non-residential real estate, such as ranch land and related facilities, and manages assets within the energy sector. The company primarily caters to individuals purchasing new homes.
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- CEO
- Paul J. Romanowski