DeFi Development Corp. (DFDV) vs WhiteHorse Finance, Inc. (WHF)
DeFi Development Corp. and WhiteHorse Finance, Inc. are both Asset Management companies. DeFi Development Corp. is the larger, with a market value of $189.5M against $151.6M — 1.2× the size. DeFi Development Corp. has negative trailing earnings, so its P/E is not meaningful; WhiteHorse Finance, Inc. trades at 8.9×. DeFi Development Corp. grew revenue faster over the last twelve months: 328.6% against −19.9%. WhiteHorse Finance, Inc. has the higher net margin (26.9% vs −1,319.5%) and the higher return on invested capital (2.67% vs −79.9%). Across the 18 metrics below, WhiteHorse Finance, Inc. leads on 13 and DeFi Development Corp. on 5.
Valuation
Profitability
| Metric | DFDV | WHF | Asset Management median |
|---|---|---|---|
| Gross margin | 97.76% | 100.00% | 100.00% |
| Operating margin | (866.51%) | 67.65% | 33.03% |
| Net margin | (1,319.46%) | 26.88% | 13.53% |
| Free cash flow margin | (954.86%) | 119.28% | 12.44% |
| Return on equity | (589.29%) | 6.65% | 4.83% |
| Return on assets | (128.23%) | 2.75% | 1.57% |
| Return on invested capital | (79.93%) | 2.67% | 3.04% |
Growth
Health
Dividend
Size
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