Saturday 17 October 2026 Export DFH’s income statement to Excel — free account

Dream Finders Homes, Inc.

DFH Consumer Cyclical Residential Construction

Dream Finders Homes, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, down 2.85% from fiscal 2024. In the quarter to June 2026, revenue fell 7.57%, EPS fell 52.6%, free cash flow fell 36.5% and total debt fell 58.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

8.79 0.35 +4.15%

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Market cap: $764.1M
P/E: 6.1×
Fwd P/E: 10.9×
Dividend yield: —
F-score: 3/9
Altman Z: 2.56
Beneish M: −1.97
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.43

Total sells 10.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	3	2	—
Sell	—	—	1	—	—	—	1	5	—	—	—	—

Insider Ownership 70.93%

Capital & Financial Ratios $m

Market Cap 764.12

Revenue 4,133.74

Net Income 147.26

Free Cash Flow (161.82)

Net Debt 338.58

Current Ratio 1.44

Debt/Equity 0.41

P/E ratio 6.06

Fwd P/E 10.90

P/S ratio 0.19

P/B ratio 0.56

Past 5Y EPS Growth 20.28%

This Y EPS Growth (50.23%)

Next Y EPS Growth (26.29%)

Next Y revenue growth (1.85%)

Next 5Y EPS Growth (23.72%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 12.21%

10-year low 10-year high

P/S against its own 10 years 0.21%

10-year low 10-year high

P/B against its own 10 years 0.21%

10-year low 10-year high

EV/Sales against its own 10 years 0.21%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	548	340	284	254
Receivables	31	34	39	30
Inventory	1,440	1,715	2,026	2,328
Other	247	458	545	502
	2,267	2,548	2,894	3,113

	2023	2024	2025	Q'26
Payables	134	147	126	156
ST’ Debt	824	295	591	592
Other	289	194	70	94
	1,476	1,619	1,931	2,161

Compound Annual Growth %

	10y	5y	3y
Sales	—	30.69%	8.95%
Cash Flow	—	0.00%	0.00%
Earnings	—	20.83%	(6.32%)
Book Value	—	46.40%	21.22%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	888	1,063	—	—	—
’25	990	1,151	970	1,213	4,323
’24	828	1,056	1,006	1,560	4,450
’23	769	945	896	1,138	3,749
’22	664	793	786	1,099	3,342
’21	344	365	363	852	1,924
’20	189	200	284	461	1,134

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(50)	(102)	—	—	—
’25	(45)	(68)	(131)	144	(101)
’24	(248)	(111)	(205)	306	(257)
’23	(36)	103	87	219	374
’22	(122)	(93)	(65)	253	(28)
’21	(22)	(71)	(25)	183	65
’20	(21)	(7)	31	92	97

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(55)	(107)	—	—	—
’25	(48)	(79)	(136)	136	(126)
’24	(250)	(112)	(223)	302	(282)
’23	(37)	102	86	219	370
’22	(123)	(94)	(67)	252	(33)
’21	(23)	(71)	(25)	182	63
’20	(22)	(8)	31	92	94

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.11	0.27	—	—	—
’25	0.54	0.56	0.47	0.58	2.14
’24	0.55	0.81	0.70	1.29	3.34
’23	0.45	0.65	0.75	1.00	2.79
’22	0.42	0.60	0.64	0.78	2.45
’21	0.18	0.31	0.20	0.55	1.27
’20	0.07	—	0.16	—	0.85

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	15.25	8.17	8.81	22.18	17.07	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	36.60	23.09	37.00	44.38	31.50
People
People	Employees	—	—	—	354	542	1,212	1,170	1,236	1,686	1,911
	Revenue/emp, $m	—	—	0.00	2.10	2.09	1.59	2.86	3.03	2.64	2.26
Income, $m
Income, $m	Revenue	—	—	522	744	1,134	1,924	3,342	3,749	4,450	4,323
	Gross margin, %	—	—	12.99	13.83	15.07	16.30	18.41	19.49	18.61	17.46
	EBT	—	—	23	45	85	162	356	404	438	284
	EBT margin, %	—	—	4.45	6.03	7.45	8.42	10.66	10.79	9.84	6.57
	Net income	—	0	23	45	85	135	274	308	341	217
	Depreciation	—	—	7	8	10	10	17	18	17	29
Per share, $
Per share, $	Revenue	—	—	5,340.07	8.00	12.19	20.79	36.04	40.28	47.59	46.43
	Earnings	—	—	237.77	0.34	0.87	1.27	2.67	3.03	3.44	2.19
	Cash flow	—	—	(25.66)	0.33	1.04	0.70	(0.30)	4.02	(2.74)	(1.08)
	Capex	—	—	44.83	(0.03)	(0.03)	(0.02)	(0.06)	(0.05)	(0.27)	(0.28)
	Free cash flow	—	—	19.16	0.30	1.01	0.68	(0.36)	3.97	(3.02)	(1.36)
	Book value	—	—	0.00	1.74	2.28	6.01	8.63	10.08	13.37	15.32
	Shares, m	—	—	0	93	93	93	93	93	94	93
Valuation, ×
Valuation, ×	P/E	—	—	36.75	36.75	36.75	15.32	3.59	11.34	6.74	7.81
	P/S	—	—	1.71	1.71	1.71	0.94	0.27	0.86	0.49	0.37
	P/B	—	—	12.39	12.39	12.39	4.49	1.38	3.42	1.74	1.12
	EV/Sales	—	—	1.88	1.88	1.88	1.19	0.44	0.93	0.48	0.44
	EV/FCF	—	—	23.04	23.04	23.04	36.38	(44.21)	9.42	(7.56)	(15.03)
Cash, $m
Cash, $m	Operating cash flow	—	—	(3)	30	97	65	(28)	374	(257)	(101)
	Capex	—	—	4	(3)	(3)	(2)	(5)	(4)	(25)	(26)
	Free cash flow	—	—	2	28	94	63	(33)	370	(282)	(126)
Balance, $m
Balance, $m	Working capital	—	—	—	104	139	285	524	790	929	964
	Total debt	—	—	—	218	290	763	966	824	295	591
	Net debt	—	—	—	149	197	482	571	276	(45)	307
	Shareholders’ equity	—	—	—	161	212	556	801	938	1,250	1,426
Returns, %
Returns, %	ROA	—	—	0.00	15.22	12.67	8.94	11.62	11.45	10.93	5.77
	ROIC	—	—	0.00	7.93	12.32	9.58	15.91	22.04	22.44	9.72
	ROE	—	—	0.00	37.83	60.93	42.16	47.39	35.70	29.42	15.22

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MTH Meritage Homes Corporation	$3.9B	12.3×	13.6×	−13.77% (below 0%: shrinking)	−33.01% (below 0%: shrinking)	+2,516.98% (above 0%: growing)	18.60%	8.19%	Compare
MHO M/I Homes, Inc.	$3.2B	10.3×	10.9×	−8.54% (below 0%: shrinking)	−31.86% (below 0%: shrinking)	−11.50% (below 0%: shrinking)	22.15%	9.53%	Compare
GRBK Green Brick Partners, Inc.	$2.7B	9.2×	12.0×	−8.70% (below 0%: shrinking)	−8.06% (below 0%: shrinking)	−113.25% (below 0%: shrinking)	31.90%	19.54%	Compare
KBH KB Home	$2.7B	12.0×	16.2×	−19.96% (below 0%: shrinking)	−35.34% (below 0%: shrinking)	−178.04% (below 0%: shrinking)	5.54%	5.54%	Compare
LGIH LGI Homes, Inc.	$1.0B	15.1×	17.3×	+5.70% (above 0%: growing)	−14.71% (below 0%: shrinking)	+254.15% (above 0%: growing)	19.71%	5.61%	Compare
BZH Beazer Homes USA, Inc.	$891.4M	— (loss-making)	— (loss-making)	−5.33% (below 0%: shrinking)	n/m	−119.25% (below 0%: shrinking)	12.80%	(2.20%)	Compare
DFH Dream Finders Homes, Inc.	$764.1M	6.1×	10.9×	−7.57% (below 0%: shrinking)	−52.63% (below 0%: shrinking)	−36.48% (below 0%: shrinking)	14.52%	2.44%
LEGH Legacy Housing Corporation	$647.9M	12.7×	10.9×	+32.27% (above 0%: growing)	+62.30% (above 0%: growing)	+238.78% (above 0%: growing)	49.43%	39.88%	Compare
HOV Hovnanian Enterprises Inc	$602.7M	86.1×	86.5×	−11.85% (below 0%: shrinking)	n/m	−160.88% (below 0%: shrinking)	13.12%	0.81%	Compare
Median of peers	$1.8B	12.3×	13.6×	−8.62%	−23.28%	−62.37%	19.16%	6.90%

All 19 Residential Construction stocks →

Dream Finders Homes, Inc. (DFH) key facts

Concern: Dream Finders Homes, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, down 2.85% from fiscal 2024.
Dream Finders Homes, Inc. (DFH) is a Residential Construction company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, DFH traded at $8.79, a market capitalization of $764.1 million.
Return on equity was 15.2% and debt-to-equity 0.41.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 2.56 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.