Buyback yield (TTM)
8.85%
Shareholder yield (TTM)
10.13%
5Y share count change
-16.3%
Buyback spend (TTM)
$3.50B
Cumulative buybacks
$10.71B
Key takeaways
- D.R. Horton (DHI) repurchased about $3.50B of stock over the trailing twelve months.
- Diluted share count is down 16.3% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 46.03× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +60.8% per year over the latest 5-year window.
- TTM repurchases used about 117% of free cash flow remaining after dividends.
Dividend & buyback yield over time for D.R. Horton (DHI)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for D.R. Horton (DHI)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for D.R. Horton (DHI)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for D.R. Horton (DHI)
Latest: $4.28B
Overview
The 2025 reading of D.R. Horton (DHI) buyback spend is $4.28B – surged 139.5% year-over-year.
D.R. Horton buyback spend has grown for 5 consecutive years, with a +60.8% compound annual growth rate over 2020–2025 (5 years).
$4.28B stands as the all-time-high annual buyback spend, posted in 2025, against a low of $0.00 during 1991.
D.R. Horton Buyback Spend 2025: $4.28B
In 2025, D.R. Horton reported buyback spend of $4.28B, surged 139.5% from 2024. This figure represents the highest annual value in the available history.
D.R. Horton Buyback Spend 2024: $1.79B
D.R. Horton buyback spend in 2024 was $1.79B, surged 44.8% from 2023.
D.R. Horton Buyback Spend 2023: $1.23B
2023's buyback spend for D.R. Horton came in at $1.23B, edged up 3.4% from 2022.
D.R. Horton Buyback Spend 2022: $1.19B
D.R. Horton posted buyback spend of $1.19B in 2022, grew 28.8% from 2021.
D.R. Horton Buyback Spend 2021: $926.90M
D.R. Horton buyback spend in 2021 was $926.90M.
See more financial history for D.R. Horton (DHI).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $4.28B | $131.00M | $4.15B | 8.53% | 0.31B | -6.5% | |
| 2024 | $1.79B | $118.10M | $1.67B | 2.88% | 0.33B | -3.4% | |
| 2023 | $1.23B | $111.20M | $1.12B | 3.41% | 0.34B | -3.2% | |
| 2022 | $1.19B | $105.10M | $1.09B | 5.11% | 0.35B | -3.0% | |
| 2021 | $926.90M | $91.40M | $835.50M | 3.08% | 0.37B | -1.2% | |
| 2020 | $398.60M | $77.80M | $320.80M | 1.45% | 0.37B | -1.9% | |
| 2019 | $499.50M | $73.20M | $426.30M | 2.56% | 0.38B | -1.6% | |
| 2018 | $137.80M | $55.80M | $82.00M | 0.87% | 0.38B | +1.2% | |
| 2017 | $65.70M | $59.20M | $6.50M | 0.44% | 0.38B | +1.0% | |
| 2016 | $5.90M | $49.00M | −$43.10M | 0.05% | 0.38B | +1.4% | |
| 2015 | $0.00 | $42.20M | −$42.20M | — | 0.37B | +0.9% | |
| 2014 | $0.00 | $26.20M | −$26.20M | — | 0.37B | +0.5% | |
| 2013 | $0.00 | $19.00M | −$19.00M | — | 0.36B | +1.6% | |
| 2012 | $0.00 | $18.10M | −$18.10M | — | 0.36B | +12.7% | |
| 2011 | $38.60M | $14.20M | $24.40M | 1.35% | 0.32B | -0.0% | |
| 2010 | $0.00 | $13.30M | −$13.30M | — | 0.32B | +0.5% | |
| 2009 | $0.00 | $13.70M | −$13.70M | — | 0.32B | +0.4% | |
| 2008 | $0.00 | $12.40M | −$12.40M | — | 0.32B | +0.5% | |
| 2007 | $0.00 | $12.40M | −$12.40M | — | 0.31B | -0.7% | |
| 2006 | $36.80M | $11.80M | $25.00M | 0.49% | 0.32B | -0.6% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.32B | +0.7% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.32B | -32.6% | |
| 2003 | $58.86M | $0.00 | $58.86M | 0.77% | 0.47B | +66.3% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.28B | +22.2% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.23B | +1.6% | |
| 2000 | $14.54M | $0.00 | $14.54M | — | 0.23B | -10.3% | |
| 1999 | $22.40M | $0.00 | $22.40M | — | 0.25B | +25.0% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.20B | +49.6% | |
| 1997 | $2.60M | $0.00 | $2.60M | — | 0.14B | +18.8% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.11B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$4.28B
- 2024$1.79B
- 2023$1.23B
- 2022$1.19B
- 2021$926.90M
- 2020$398.60M
- 2019$499.50M
- 2018$137.80M
- 2017$65.70M
- 2016$5.90M
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$38.60M
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$0.00
- 2006$36.80M
- 2005$0.00
- 2004$0.00
- 2003$58.86M
- 2002$0.00
- 2001$0.00
- 2000$14.54M
- 1999$22.40M
- 1998$0.00
- 1997$2.60M
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
Buybacks vs stock-based compensation for D.R. Horton (DHI)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 46.03×.
Buybacks vs dividends (share of cash returned) for D.R. Horton (DHI)
How D.R. Horton splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as D.R. Horton, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $3.00B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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