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Dream Finders Homes, Inc. (DFH) 10-Year Financial Performance & Capital Metrics

DFH • • Industrial / General
Consumer CyclicalHomebuildersTraditional Site-Built HomebuildersEntry-Level & First-Time Buyer Specialists
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 $4.45B +18.8%
  • EBITDA $450M +0.9%
  • Net Income $335M +13.3%
  • EPS (Diluted) 3.21 +20.7%
  • Gross Margin 18.61% -5.3%
  • EBITDA Margin 10.11% -15.0%
  • Operating Margin 9.72% -14.8%
  • Net Margin 7.53% -4.6%
  • ROE 26.76% -14.7%
  • ROIC 16.7% -26.3%
  • Debt/Equity 0.92 +18.0%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 32.3%
  • ✓Strong 5Y profit CAGR of 61.0%
  • ✓Strong 5Y sales CAGR of 35.4%
  • ✓Share count reduced 5.4% through buybacks
  • ✓Trading at only 1.4x book value
  • ✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y35.45%
3Y32.26%
TTM15.95%

Profit (Net Income) CAGR

10Y-
5Y60.98%
3Y39.94%
TTM-6.59%

EPS CAGR

10Y-
5Y56.68%
3Y36.22%
TTM-5.82%

ROCE

10Y Avg27.86%
5Y Avg28.76%
3Y Avg25.9%
Latest26.08%

Peer Comparison

Entry-Level & First-Time Buyer Specialists
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Valuation
Per Share
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Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MTHMeritage Homes Corporation5.51B78.257.304.18%8.97%10.24%0.27
CCSCentury Communities, Inc.2.03B69.136.6519.12%5.16%8.32%4.27%0.56
LGIHLGI Homes, Inc.1.25B54.276.54-6.61%5.93%5.1%0.75
DFHDream Finders Homes, Inc.711.08M20.306.3218.75%6.16%18.53%0.92

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+522.26M976.56M1.13B1.92B3.34B3.75B4.45B
Revenue Growth %-0.87%0.16%0.7%0.74%0.12%0.19%
Cost of Goods Sold+454.4M844.38M962.93M1.61B2.72B3.01B3.62B
COGS % of Revenue0.87%0.86%0.85%0.84%0.81%0.8%0.81%
Gross Profit+67.86M132.18M170.88M313.58M620.2M736.77M828.58M
Gross Margin %0.13%0.14%0.15%0.16%0.19%0.2%0.19%
Gross Profit Growth %-0.95%0.29%0.84%0.98%0.19%0.12%
Operating Expenses+43.55M83M90.79M154.41M271.04M308.8M395.75M
OpEx % of Revenue0.08%0.08%0.08%0.08%0.08%0.08%0.09%
Selling, General & Admin43.55M83M90.79M154.41M271.04M308.8M395.75M
SG&A % of Revenue0.08%0.08%0.08%0.08%0.08%0.08%0.09%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses0000000
Operating Income+24.31M49.18M80.09M159.17M349.16M427.98M432.83M
Operating Margin %0.05%0.05%0.07%0.08%0.1%0.11%0.1%
Operating Income Growth %-1.02%0.63%0.99%1.19%0.23%0.01%
EBITDA+28.41M62.35M92.85M169.02M366.25M445.87M450.05M
EBITDA Margin %0.05%0.06%0.08%0.09%0.11%0.12%0.1%
EBITDA Growth %-1.19%0.49%0.82%1.17%0.22%0.01%
D&A (Non-Cash Add-back)4.1M13.17M12.76M9.85M17.09M17.9M17.21M
EBIT23.94M48.51M85.38M162.72M356.19M404.43M432.83M
Net Interest Income+-682.15K-221.45K-871K-672.17K-32K-1K0
Interest Income0000000
Interest Expense682.15K221.45K870.87K672K32K1K0
Other Income/Expense-1.05M-2.11M4.43M2.88M7M-23.55M5.02M
Pretax Income+23.26M47.07M84.51M162.05M356.16M404.43M437.85M
Pretax Margin %0.04%0.05%0.07%0.08%0.11%0.11%0.1%
Income Tax+010.34M027.45M81.86M96.48M97.27M
Effective Tax Rate %0.74%0.66%0.94%0.76%0.74%0.73%0.77%
Net Income+17.32M31.02M79.09M122.38M262.31M295.9M335.34M
Net Margin %0.03%0.03%0.07%0.06%0.08%0.08%0.08%
Net Income Growth %-0.79%1.55%0.55%1.14%0.13%0.13%
Net Income (Continuing)23.26M36.73M84.51M134.59M274.3M307.94M340.58M
Discontinued Operations0000000
Minority Interest28.93M30.47M31.94M24.08M12.97M13.07M26.94M
EPS (Diluted)+0.190.340.851.272.322.663.21
EPS Growth %-0.79%1.5%0.49%0.83%0.15%0.21%
EPS (Basic)0.190.340.851.272.673.033.44
Diluted Shares Outstanding92.52M92.52M92.52M92.52M106.69M106.03M100.3M
Basic Shares Outstanding92.52M92.52M92.52M92.52M92.75M93.07M93.51M
Dividend Payout Ratio0.68%0.27%0.22%0.38%0.09%--

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+330.36M432.8M594.51M1.38B1.82B2.02B2.39B
Cash & Short-Term Investments19.81M44.01M43.66M227.23M395.13M494.14M274.38M
Cash Only19.81M44.01M43.66M227.23M395.13M494.14M274.38M
Short-Term Investments0000000
Accounts Receivable0016.77M33.48M43.49M30.87M34.13M
Days Sales Outstanding--5.46.354.753.012.8
Inventory293.72M364.07M484.37M1.07B1.38B1.44B1.72B
Days Inventory Outstanding235.93157.38183.6241.77184.79174.54172.81
Other Current Assets16.82M24.72M49.72M54.09M054.31M368.83M
Total Non-Current Assets+45.09M82.12M139.17M512.78M562.5M542.86M935.95M
Property, Plant & Equipment33.41M44.04M85.14M267.55M31.42M274.53M501.79M
Fixed Asset Turnover15.63x22.18x13.32x7.19x106.37x13.65x8.87x
Goodwill012.21M28.57M171.93M172.21M172.21M300.31M
Intangible Assets13.23M24.45M2.66M9.14M5M00
Long-Term Investments6.26M8.35M4.55M15.97M14.01M15.36M11.45M
Other Non-Current Assets5.42M17.52M18.26M43.96M327.17M80.76M122.39M
Total Assets+375.45M514.92M733.68M1.89B2.38B2.56B3.33B
Asset Turnover1.39x1.90x1.55x1.02x1.40x1.46x1.34x
Asset Growth %-0.37%0.42%1.58%0.26%0.08%0.3%
Total Current Liabilities+255.16M318.03M454.09M1.19B464.41M1.04B1.53B
Accounts Payable31.89M37.75M37.42M113.5M134.7M134.12M147.14M
Days Payables Outstanding25.6216.3214.1825.7318.0616.2514.82
Short-Term Debt163.21M217.67M289.88M763.29M0530.38M991M
Deferred Revenue (Current)1000K1000K1000K1000K01000K1000K
Other Current Liabilities0000329.7M00
Current Ratio1.29x1.36x1.31x1.16x3.91x1.93x1.57x
Quick Ratio0.14x0.22x0.24x0.26x0.94x0.55x0.44x
Cash Conversion Cycle--174.82222.4171.48161.3160.79
Total Non-Current Liabilities+58.26M109.91M67.57M143.88M1.11B431.83M381.23M
Long-Term Debt12.66M14.35M29.65M3.29M966.25M293.92M295.05M
Capital Lease Obligations16.18M15.58M14.76M19.83M24.66M21.11M18.15M
Deferred Tax Liabilities054.31M008.17M00
Other Non-Current Liabilities17.64M5.47M-36.23M120.76M115.13M116.8M68.03M
Total Liabilities313.42M427.95M521.66M1.34B1.58B1.48B1.91B
Total Debt+192.06M247.59M334.29M786.41M990.91M845.42M1.3B
Net Debt172.25M203.59M290.63M559.18M595.78M351.27M1.03B
Debt / Equity3.10x2.85x1.58x1.41x1.24x0.78x0.92x
Debt / EBITDA6.76x3.97x3.60x4.65x2.71x1.90x2.90x
Net Debt / EBITDA6.06x3.27x3.13x3.31x1.63x0.79x2.29x
Interest Coverage35.64x222.07x91.96x236.86x10911.13x427978.00x-
Total Equity+62.02M86.97M212.02M556.38M800.69M1.09B1.42B
Equity Growth %-0.4%1.44%1.62%0.44%0.36%0.31%
Book Value per Share0.670.942.296.017.5010.2414.16
Total Shareholders' Equity33.09M56.5M180.08M532.3M787.72M1.07B1.39B
Common Stock33.09M56.5M124.45M925K927K931K937K
Retained Earnings000118.19M365.99M648.41M970.25M
Treasury Stock000000-7.83M
Accumulated OCI0000000
Minority Interest28.93M30.47M31.94M24.08M12.97M13.07M26.94M

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.51M23.84M96.91M64.97M-27.62M374.23M-256.65M
Operating CF Margin %-0%0.02%0.09%0.03%-0.01%0.1%-0.06%
Operating CF Growth %-10.5%3.07%-0.33%-1.43%14.55%-1.69%
Net Income23.26M44.9M84.51M134.59M274.3M307.94M340.58M
Depreciation & Amortization3.95M6.02M7.85M9.85M17.09M17.9M17.21M
Stock-Based Compensation895.61K895K947K5.23M6.8M14.1M18.79M
Deferred Taxes-3.65M-114.89K0-946K-294K-22.34M-14.12M
Other Non-Cash Items3.08M-1.63M672K11.26M12.44M32.92M-23.69M
Working Capital Changes-30.05M-26.24M2.93M-95.02M-337.95M23.73M-595.42M
Change in Receivables00-12.23M-16.72M-11.85M12.62M-2.63M
Change in Inventory-66.49M-30.9M23.51M-80.2M-311.52M-61.62M-148.02M
Change in Payables48.26M00065.75M041.63M
Cash from Investing+2.63M-17.82M-13.03M-523.04M-5.52M-4.48M-221.67M
Capital Expenditures-10.16M-2.89M-2.92M-2.77M-5.54M-4.78M-25.34M
CapEx % of Revenue0.02%0%0%0%0%0%0.01%
Acquisitions-------
Investments-------
Other Investing14.55M91.4K242K508K3K367K-18.2M
Cash from Financing+-2.42M26.08M-65.83M646.02M146.96M-216.42M269.69M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid-11.71M-8.3M-17.26M-46.61M-13.69M-13.24M-13.5M
Share Repurchases-------
Other Financing1.49M-6.43M-5.95M-20.87M-36.77M-55.92M-47.99M
Net Change in Cash-------
Free Cash Flow+-12.67M20.95M93.99M62.2M-33.17M369.45M-281.99M
FCF Margin %-0.02%0.02%0.08%0.03%-0.01%0.1%-0.06%
FCF Growth %-2.65%3.49%-0.34%-1.53%12.14%-1.76%
FCF per Share-0.140.231.020.67-0.313.48-2.81
FCF Conversion (FCF/Net Income)-0.14x0.77x1.23x0.53x-0.11x1.26x-0.77x
Interest Paid00900.23K33.95M105.22M80.11M199.18M
Taxes Paid00027.82M47.94M81.32M127.55M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)27.93%41.64%52.91%31.85%38.66%31.36%26.76%
Return on Invested Capital (ROIC)-14.06%15.14%14.75%20.85%22.65%16.7%
Gross Margin12.99%13.54%15.07%16.3%18.56%19.65%18.61%
Net Margin3.32%3.18%6.98%6.36%7.85%7.89%7.53%
Debt / Equity3.10x2.85x1.58x1.41x1.24x0.78x0.92x
Interest Coverage35.64x222.07x91.96x236.86x10911.13x427978.00x-
FCF Conversion-0.14x0.77x1.23x0.53x-0.11x1.26x-0.77x
Revenue Growth-86.99%16.1%69.69%73.73%12.15%18.75%

Revenue by Segment

2021202220232024
Home Building-3.33B3.74B4.4B
Home Building Growth--12.13%17.63%
Financial Service---53.73M
Financial Service Growth----
Product and Service, Other-7.78M9.7M-
Product and Service, Other Growth--24.72%-
Other287.41M---
Other Growth----
Jet Home Loans28.06M---
Jet Home Loans Growth----

Frequently Asked Questions

Valuation & Price

Dream Finders Homes, Inc. (DFH) has a price-to-earnings (P/E) ratio of 6.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Dream Finders Homes, Inc. (DFH) reported $4.67B in revenue for fiscal year 2024. This represents a 794% increase from $522.3M in 2018.

Dream Finders Homes, Inc. (DFH) grew revenue by 18.8% over the past year. This is strong growth.

Yes, Dream Finders Homes, Inc. (DFH) is profitable, generating $287.7M in net income for fiscal year 2024 (7.5% net margin).

Dividend & Returns

Yes, Dream Finders Homes, Inc. (DFH) pays a dividend with a yield of 0.66%. This makes it attractive for income-focused investors.

Dream Finders Homes, Inc. (DFH) has a return on equity (ROE) of 26.8%. This is excellent, indicating efficient use of shareholder capital.

Dream Finders Homes, Inc. (DFH) generated $40.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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