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DFH logoDream Finders Homes, Inc.(DFH)Earnings, Financials & Key Ratios

DFH•NYSE
$14.65
$1.36B mkt cap·6.8× P/E·Price updated May 6, 2026
SectorConsumer CyclicalIndustryHomebuildersSub-IndustryPublic single-family homebuilders
AboutDream Finders Homes, Inc. operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, Austin, Dallas, and Houston. The company also operates as a licensed home mortgage broker that underwrites, originates, and sells mortgages to Prime Lending; and provides insurance agency services, including closing, escrow, and title insurance, as well as mortgage banking solutions. It sells its homes through its sales representatives and independent real estate brokers. The company was founded in 2008 and is headquartered in Jacksonville, Florida.Show more
  • Revenue$4.32B-2.9%
  • EBITDA$299M-33.6%
  • Net Income$217M-35.2%
  • EPS (Diluted)2.14-33.3%
  • Gross Margin17.46%-6.2%
  • EBITDA Margin6.91%-31.6%
  • Operating Margin6.24%-35.9%
  • Net Margin5.02%-33.3%
  • ROE14.37%-46.3%
  • ROIC9.17%-45.1%
  • Debt/Equity0.37-59.9%
Technical→

DFH Key Insights

Dream Finders Homes, Inc. (DFH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 24.2%
  • ✓Strong 5Y profit CAGR of 22.4%
  • ✓Strong 5Y sales CAGR of 30.7%
  • ✓Trading at only 0.9x book value
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

DFH Price & Volume

Dream Finders Homes, Inc. (DFH) stock price & volume — 10-year historical chart

Loading chart...

DFH Growth Metrics

Dream Finders Homes, Inc. (DFH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years30.69%
3 Years8.95%
TTM-2.88%

Profit CAGR

10 Years-
5 Years22.39%
3 Years-6.1%
TTM-35.23%

EPS CAGR

10 Years-
5 Years20.28%
3 Years-2.66%
TTM-33.13%

Return on Capital

10 Years29.02%
5 Years29.46%
3 Years24.09%
Last Year11.37%

DFH Recent Earnings

Dream Finders Homes, Inc. (DFH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 30, 2026
EPS
$0.11
Est $0.20
-45.4%
Revenue
$888M
Est $819M
+8.4%
Q1 2026
Feb 23, 2026
EPS
$0.58
Est $0.62
-6.5%
Revenue
$1.2B
Est $1.2B
+4.7%
Q4 2025
Oct 30, 2025
EPS
$0.47
Est $0.47
+0.0%
Revenue
$970M
Est $1.2B
-16.3%
Q3 2025
Jul 31, 2025
EPS
$0.56
Est $0.65
-13.8%
Revenue
$1.2B
Est $1.2B
-0.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.11vs $0.20-45.4%
$888Mvs $819M+8.4%
Q1 2026Feb 23, 2026
$0.58vs $0.62-6.5%
$1.2Bvs $1.2B+4.7%
Q4 2025Oct 30, 2025
$0.47vs $0.47+0.0%
$970Mvs $1.2B-16.3%
Q3 2025Jul 31, 2025
$0.56vs $0.65-13.8%
$1.2Bvs $1.2B-0.2%
Based on last 12 quarters of dataView full earnings history →

DFH Peer Comparison

Dream Finders Homes, Inc. (DFH) competitors in Public single-family homebuilders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SKY logoSKYChampion Homes, Inc.Direct Competitor4.2B75.9222.2022.65%8.1%13.41%0.08
GRBK logoGRBKGreen Brick Partners, Inc.Direct Competitor2.88B66.829.45-0.02%14.93%17.01%0.17
LGIH logoLGIHLGI Homes, Inc.Direct Competitor1.08B46.8015-22.57%4.22%3.39%0.79
TMHC logoTMHCTaylor Morrison Home CorporationDirect Competitor5.64B60.357.77-0.57%8.83%10.84%0.37
CVCO logoCVCOCavco Industries, Inc.Direct Competitor4.74B500.3324.1612.29%12.19%24.65%0.04
DHI logoDHID.R. Horton, Inc.Product Competitor43.21B149.1712.89-6.93%9.51%12.94%0.24
LEN logoLENLennar CorporationProduct Competitor19.54B90.5411.35-3.64%6.09%9.19%0.29
PHM logoPHMPulteGroup, Inc.Product Competitor23.08B120.1010.80-3.54%12.14%15.92%0.19

Compare DFH vs Peers

Dream Finders Homes, Inc. (DFH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SKY

Most directly comparable listed peer for DFH.

Scale Benchmark

vs HD

Larger-name benchmark to compare DFH against a more recognizable public peer.

Peer Set

Compare Top 5

vs SKY, GRBK, LGIH, TMHC

DFH Income Statement

Dream Finders Homes, Inc. (DFH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue522.26M976.56M1.13B1.92B3.34B3.75B4.45B4.32B
Revenue Growth %-86.99%16.1%69.69%73.73%12.15%18.75%-2.89%
Cost of Goods Sold454.4M844.38M962.93M1.61B2.72B3.01B3.62B3.57B
COGS % of Revenue87.01%86.46%84.93%83.7%81.44%80.35%81.39%82.54%
Gross Profit
67.86M▲ 0%
132.18M▲ 94.8%
170.88M▲ 29.3%
313.58M▲ 83.5%
620.2M▲ 97.8%
736.77M▲ 18.8%
828.58M▲ 12.5%
754.77M▼ 8.9%
Gross Margin %12.99%13.54%15.07%16.3%18.56%19.65%18.61%17.46%
Gross Profit Growth %-94.8%29.28%83.51%97.78%18.8%12.46%-8.91%
Operating Expenses43.55M83M90.79M154.41M271.04M308.8M395.75M485.21M
OpEx % of Revenue8.34%8.5%8.01%8.03%8.11%8.24%8.89%11.22%
Selling, General & Admin43.55M83M90.79M154.41M271.04M308.8M395.75M485.21M
SG&A % of Revenue8.34%8.5%8.01%8.03%8.11%8.24%8.89%11.22%
Research & Development00000000
R&D % of Revenue--------
Other Operating Expenses00000000
Operating Income
24.31M▲ 0%
49.18M▲ 102.3%
80.09M▲ 62.9%
159.17M▲ 98.7%
349.16M▲ 119.4%
427.98M▲ 22.6%
432.83M▲ 1.1%
269.55M▼ 37.7%
Operating Margin %4.65%5.04%7.06%8.27%10.45%11.42%9.72%6.24%
Operating Income Growth %-102.29%62.86%98.75%119.36%22.57%1.13%-37.72%
EBITDA28.41M62.35M92.85M169.02M366.25M445.87M450.05M298.71M
EBITDA Margin %5.44%6.38%8.19%8.79%10.96%11.89%10.11%6.91%
EBITDA Growth %-119.43%48.93%82.03%116.68%21.74%0.94%-33.63%
D&A (Non-Cash Add-back)4.1M13.17M12.76M9.85M17.09M17.9M17.21M29.16M
EBIT23.94M48.51M85.38M162.72M356.19M404.43M432.83M284.1M
Net Interest Income-682.15K-221.45K-871K-672.17K-32K-1K00
Interest Income00000000
Interest Expense682.15K221.45K870.87K672K32K1K00
Other Income/Expense-1.05M-2.11M4.43M2.88M7M-23.55M5.02M14.55M
Pretax Income
23.26M▲ 0%
47.07M▲ 102.3%
84.51M▲ 79.6%
162.05M▲ 91.7%
356.16M▲ 119.8%
404.43M▲ 13.6%
437.85M▲ 8.3%
284.1M▼ 35.1%
Pretax Margin %4.45%4.82%7.45%8.42%10.66%10.79%9.84%6.57%
Income Tax010.34M027.45M81.86M96.48M97.27M66.7M
Effective Tax Rate %0%21.97%0%16.94%22.98%23.86%22.22%23.48%
Net Income
17.32M▲ 0%
31.02M▲ 79.1%
79.09M▲ 155.0%
122.38M▲ 54.7%
262.31M▲ 114.3%
295.9M▲ 12.8%
335.34M▲ 13.3%
217.2M▼ 35.2%
Net Margin %3.32%3.18%6.98%6.36%7.85%7.89%7.53%5.02%
Net Income Growth %-79.07%154.98%54.73%114.35%12.8%13.33%-35.23%
Net Income (Continuing)23.26M36.73M84.51M134.59M274.3M307.94M340.58M217.4M
Discontinued Operations00000000
Minority Interest28.93M30.47M31.94M24.08M12.97M13.07M26.94M31.04M
EPS (Diluted)
0.19▲ 0%
0.34▲ 78.9%
0.85▲ 150.0%
1.27▲ 49.4%
2.32▲ 82.7%
2.66▲ 14.7%
3.21▲ 20.7%
2.14▼ 33.3%
EPS Growth %-78.95%150%49.41%82.68%14.66%20.68%-33.33%
EPS (Basic)0.190.340.851.272.673.033.442.33
Diluted Shares Outstanding92.52M92.52M92.52M92.52M106.69M106.03M100.3M101.3M
Basic Shares Outstanding92.52M92.52M92.52M92.52M92.75M93.07M93.51M93.11M
Dividend Payout Ratio67.61%26.75%-19.03%----

DFH Balance Sheet

Dream Finders Homes, Inc. (DFH) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets330.36M432.8M594.51M1.38B1.82B2.02B2.39B2.3B
Cash & Short-Term Investments19.81M44.01M43.66M227.23M364.53M494.14M274.38M234.77M
Cash Only19.81M44.01M43.66M227.23M364.53M494.14M274.38M234.77M
Short-Term Investments00000000
Accounts Receivable0016.77M33.48M43.49M30.87M34.13M39.12M
Days Sales Outstanding--5.46.354.753.012.83.3
Inventory293.72M364.07M484.37M1.07B1.38B1.44B1.72B2.03B
Days Inventory Outstanding235.93157.38183.6241.77184.79174.54172.81207.22
Other Current Assets16.82M24.72M49.72M54.09M30.6M54.31M368.83M0
Total Non-Current Assets45.09M82.12M139.17M512.78M554.33M542.86M935.95M377.36M
Property, Plant & Equipment33.41M44.04M85.14M267.55M308.68M274.53M501.79M0
Fixed Asset Turnover15.63x22.18x13.32x7.19x10.83x13.65x8.87x-
Goodwill012.21M28.57M171.93M172.21M172.21M300.31M377.36M
Intangible Assets13.23M24.45M2.66M9.14M0000
Long-Term Investments6.26M8.35M4.55M15.97M14.01M15.36M11.45M26.61M
Other Non-Current Assets5.42M17.52M18.26M43.96M54.91M80.76M122.39M-26.61M
Total Assets
375.45M▲ 0%
514.92M▲ 37.1%
733.68M▲ 42.5%
1.89B▲ 158.2%
2.37B▲ 25.2%
2.56B▲ 8.1%
3.33B▲ 29.9%
3.73B▲ 12.0%
Asset Turnover1.39x1.90x1.55x1.02x1.41x1.46x1.34x1.16x
Asset Growth %-37.15%42.48%158.18%25.18%8.07%29.9%11.98%
Total Current Liabilities255.16M318.03M454.09M1.19B1.43B1.04B1.53B786.78M
Accounts Payable31.89M37.75M37.42M113.5M134.7M134.12M147.14M126.13M
Days Payables Outstanding25.6216.3214.1825.7318.0616.2514.8212.9
Short-Term Debt163.21M217.67M289.88M763.29M966.25M530.38M991M591.06M
Deferred Revenue (Current)11.77M20.2M59.39M177.69M145.65M172.57M125.6M69.59M
Other Current Liabilities00000000
Current Ratio1.29x1.36x1.31x1.16x1.27x1.93x1.57x2.92x
Quick Ratio0.14x0.22x0.24x0.26x0.31x0.55x0.44x0.35x
Cash Conversion Cycle--174.82222.4171.48161.3160.79197.62
Total Non-Current Liabilities58.26M109.91M67.57M143.88M139.79M431.83M381.23M1.34B
Long-Term Debt12.66M14.35M29.65M3.29M0293.92M295.05M0
Capital Lease Obligations16.18M15.58M14.76M19.83M24.66M21.11M18.15M0
Deferred Tax Liabilities054.31M000000
Other Non-Current Liabilities17.64M5.47M-36.23M120.76M115.13M116.8M68.03M1.34B
Total Liabilities313.42M427.95M521.66M1.34B1.57B1.48B1.91B2.12B
Total Debt192.06M247.59M334.29M786.41M990.91M845.42M1.3B591.06M
Net Debt172.25M203.59M290.63M559.18M626.38M351.27M1.03B356.29M
Debt / Equity3.10x2.85x1.58x1.41x1.24x0.78x0.92x0.37x
Debt / EBITDA6.76x3.97x3.60x4.65x2.71x1.90x2.90x1.98x
Net Debt / EBITDA6.06x3.27x3.13x3.31x1.71x0.79x2.29x1.19x
Interest Coverage35.10x219.07x98.05x242.14x11130.88x404426.00x--
Total Equity
62.02M▲ 0%
86.97M▲ 40.2%
212.02M▲ 143.8%
556.38M▲ 162.4%
800.69M▲ 43.9%
1.09B▲ 35.7%
1.42B▲ 30.8%
1.6B▲ 12.9%
Equity Growth %-40.23%143.78%162.42%43.91%35.65%30.77%12.89%
Book Value per Share0.670.942.296.017.5010.2414.1615.83
Total Shareholders' Equity33.09M56.5M180.08M532.3M787.72M1.07B1.39B1.57B
Common Stock33.09M56.5M124.45M925K927K931K937K944K
Retained Earnings000118.19M365.99M648.41M970.25M1.17B
Treasury Stock000000-7.83M-49.53M
Accumulated OCI0000000613K
Minority Interest28.93M30.47M31.94M24.08M12.97M13.07M26.94M31.04M

DFH Cash Flow Statement

Dream Finders Homes, Inc. (DFH) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-2.51M23.84M95.34M64.97M-27.62M374.23M-256.65M-100.57M
Operating CF Margin %-0.48%2.44%8.41%3.38%-0.83%9.98%-5.77%-2.33%
Operating CF Growth %-1049.73%299.94%-31.85%-142.52%1454.79%-168.58%60.81%
Net Income23.26M44.9M79.09M134.59M274.3M307.94M340.58M58.8M
Depreciation & Amortization3.95M6.02M12.76M9.85M17.09M17.9M17.21M29.16M
Stock-Based Compensation895.61K895K05.23M6.8M14.1M18.79M24.92M
Deferred Taxes-3.65M-114.89K0-946K-294K-22.34M-14.12M35.49M
Other Non-Cash Items3.08M-1.63M2.13M11.26M12.44M32.92M-23.69M27.33M
Working Capital Changes-30.05M-26.24M1.35M-95.02M-337.95M23.73M-595.42M-276.28M
Change in Receivables000-16.72M-11.85M12.62M-2.63M-924K
Change in Inventory-66.49M-30.9M23.51M-80.2M-311.52M-61.62M-148.02M-210.2M
Change in Payables48.26M06.2M065.75M041.63M-115.15M
Cash from Investing2.63M-17.82M-16.98M-523.04M-5.52M-4.48M-221.67M-225.84M
Capital Expenditures-10.16M-2.89M-2.92M-2.77M-5.54M-4.78M-25.34M-25.79M
CapEx % of Revenue1.95%0.3%0.26%0.14%0.17%0.13%0.57%0.6%
Acquisitions-1.75M-15.02M-20.54M-520.78M-131K-70K-178.12M-184.46M
Investments--------
Other Investing14.55M91.4K0508K3K367K-18.2M-16.17M
Cash from Financing-2.42M26.08M-61.88M646.02M146.96M-216.42M269.69M270.98M
Debt Issued (Net)5.25M28.81M-31.62M439.12M197.42M-135.86M351.48M0
Equity Issued (Net)2.55M12M0252.59M0-11.4M-20.29M-41.7M
Dividends Paid-11.71M-8.3M0-23.29M-13.69M-13.24M-13.5M-13.5M
Share Repurchases000-25.53M0-322K-20.29M-41.7M
Other Financing1.49M-6.43M-30.26M-20.87M-36.77M-55.92M-47.99M326.18M
Net Change in Cash
-2.3M▲ 0%
32.1M▲ 1494.7%
85.21M▲ 165.5%
187.95M▲ 120.6%
113.81M▼ 39.4%
153.33M▲ 34.7%
-208.63M▼ 236.1%
-55.44M▲ 73.4%
Free Cash Flow
-12.67M▲ 0%
20.95M▲ 265.3%
92.42M▲ 341.2%
62.2M▼ 32.7%
-33.17M▼ 153.3%
369.45M▲ 1213.9%
-281.99M▼ 176.3%
-126.37M▲ 55.2%
FCF Margin %-2.43%2.14%8.15%3.23%-0.99%9.86%-6.33%-2.92%
FCF Growth %-265.3%341.2%-32.7%-153.33%1213.88%-176.33%55.19%
FCF per Share-0.140.231.000.67-0.313.48-2.81-1.25
FCF Conversion (FCF/Net Income)-0.14x0.77x1.21x0.53x-0.11x1.26x-0.77x-0.46x
Interest Paid00900.23K33.95M105.22M80.11M199.18M0
Taxes Paid00027.82M47.94M81.32M127.55M0

DFH Key Ratios

Dream Finders Homes, Inc. (DFH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)27.93%41.64%52.91%31.85%38.66%31.36%26.76%14.37%
Return on Invested Capital (ROIC)-14.06%15.14%14.75%20.6%22.41%16.7%9.17%
Gross Margin12.99%13.54%15.07%16.3%18.56%19.65%18.61%17.46%
Net Margin3.32%3.18%6.98%6.36%7.85%7.89%7.53%5.02%
Debt / Equity3.10x2.85x1.58x1.41x1.24x0.78x0.92x0.37x
Interest Coverage35.10x219.07x98.05x242.14x11130.88x404426.00x--
FCF Conversion-0.14x0.77x1.21x0.53x-0.11x1.26x-0.77x-0.46x
Revenue Growth-86.99%16.1%69.69%73.73%12.15%18.75%-2.89%

DFH SEC Filings & Documents

Dream Finders Homes, Inc. (DFH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Dec 30, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 6, 2025·SEC

DFH Frequently Asked Questions

Dream Finders Homes, Inc. (DFH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Dream Finders Homes, Inc. (DFH) reported $4.32B in revenue for fiscal year 2025. This represents a 728% increase from $522.3M in 2018.

Dream Finders Homes, Inc. (DFH) saw revenue decline by 2.9% over the past year.

Yes, Dream Finders Homes, Inc. (DFH) is profitable, generating $217.2M in net income for fiscal year 2025 (5.0% net margin).

Dividend & Returns

Yes, Dream Finders Homes, Inc. (DFH) pays a dividend with a yield of 0.91%. This makes it attractive for income-focused investors.

Dream Finders Homes, Inc. (DFH) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

Dream Finders Homes, Inc. (DFH) had negative free cash flow of $126.4M in fiscal year 2025, likely due to heavy capital investments.

Explore More DFH

Dream Finders Homes, Inc. (DFH) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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