Loading…
Dream Finders Homes, Inc., through its subsidiary, Dream Finders Homes LLC, engages in the homebuilding business in the United States. It operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. The company designs, builds, constructs, and sells single-family homes, such as entry-level, first and second time move-up, and active adult and custom homes. It markets its homes under various brands, including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes. The company also 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $299M | $217M | $-126M | 15.2% | -2.9% | -35.2% |
| 2024 | $4.4B | $450M | $335M | $-282M | 26.9% | 18.7% | 13.3% |
| 2023 | $3.7B | $446M | $296M | $369M | 32.0% | 12.2% | 12.8% |
| 2022 | $3.3B | $366M | $262M | $-33M | 41.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,342.34 | 3,748.59 | 4,449.85 | 4,322.85 |
| Operating Revenue | - | 3,334.56 | 3,748.59 | 4,449.85 | 4,322.85 |
| Cost Of Revenue | - | 2,727.11 | 3,017.82 | 3,621.92 | 3,568.08 |
| Gross Profit | - | 615.22 | 730.77 | 827.93 | 754.77 |
| Operating Expense | - | 266.06 | 302.79 | 395.10 | 485.21 |
| Selling General And Administration | - | 266.06 | 302.79 | 395.10 | 485.21 |
| Total Expenses | - | 2,993.18 | 3,320.61 | 4,017.02 | 4,053.29 |
| Operating Income | - | 349.16 | 427.98 | 432.83 | 269.55 |
| EBITDA | - | 366.25 | 445.87 | 450.05 | 298.71 |
| Normalized EBITDA | - | 377.30 | 492.46 | 463.99 | 288.89 |
| EBIT | - | 349.16 | 427.98 | 432.83 | 269.55 |
| Interest Expense | 0.67 | 0.03 | - | - | - |
| Net Interest Income | -0.67 | -0.03 | - | - | - |
| Other Non Operating Income Expenses | - | 1.93 | 4.96 | 8.39 | 4.31 |
| Other Income Expense | - | 7 | -23.55 | 5.02 | 14.55 |
| Interest Expense Non Operating | 0.67 | 0.03 | - | - | - |
| Net Non Operating Interest Income Expense | -0.67 | -0.03 | - | - | - |
| Pretax Income | - | 356.16 | 404.42 | 437.85 | 284.10 |
| Tax Provision | - | 81.86 | 96.48 | 97.27 | 66.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.54 | -11.14 | -3.09 | 2.31 |
| Net Income Continuous Operations | - | 274.30 | 307.94 | 340.58 | 217.40 |
| Net Income From Continuing And Discontinued Operation | - | 262.31 | 295.90 | 335.34 | 217.20 |
| Net Income From Continuing Operation Net Minority Interest | - | 262.31 | 295.90 | 335.34 | 217.20 |
| Net Income | - | 262.31 | 295.90 | 335.34 | 217.20 |
| Net Income Common Stockholders | - | 247.80 | 282.42 | 321.84 | 203.70 |
| Net Income Including Noncontrolling Interests | - | 274.30 | 307.94 | 340.58 | 217.40 |
| Normalized Income | - | 270.82 | 331.35 | 346.19 | 209.68 |
| Diluted NI Availto Com Stockholders | - | 247.80 | 282.42 | 321.84 | 203.70 |
| Basic Average Shares | - | 92.75 | 93.07 | 93.51 | 93.11 |
| Diluted Average Shares | - | 106.69 | 106.03 | 100.30 | 101.30 |
| Reconciled Depreciation | - | 17.09 | 17.90 | 17.22 | 29.16 |
| Reconciled Cost Of Revenue | - | 2,727.11 | 3,017.82 | 3,621.92 | 3,568.08 |
| Total Unusual Items | - | -11.05 | -46.59 | -13.94 | 9.82 |
| Total Unusual Items Excluding Goodwill | - | -11.05 | -46.59 | -13.94 | 9.82 |
| Preferred Stock Dividends | - | 14.51 | 13.48 | 13.50 | 13.50 |
| Minority Interests | - | -11.98 | -12.04 | -5.24 | -0.21 |
| Special Income Charges | - | -11.05 | -46.59 | -13.94 | 9.82 |
| Other Special Charges | -6.51 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 11.05 | 46.59 | 13.94 | -9.82 |
| Gain On Sale Of Ppe | 0.09 | - | - | - | - |
| Earnings From Equity Interest | - | 16.12 | 18.08 | 10.57 | 0.42 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Dream Finders Homes, Inc.this co. | DFH | $1.3B | 6.05↓ discount | 0.92 | 15.2% | 8.99 |
| Revolve Group, Inc. | RVLV | $1.4B | 22.41 | 2.70 | 12.0% | 13.93 |
| Olaplex Holdings, Inc. | OLPX | $1.4B | -148.20 | 1.56 | -1.1% | 15.77 |
| Winmark Corporation | WINA | $1.4B | 32.66 | - | -77.6% | 24.92 |
| Hyliion Holdings Corp. | HYLN | $1.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| -23.76 |
| 7.08 |
| -29.8% |
| -22.68 |
| G-III Apparel Group, Ltd. | GIII | $1.4B | 20.07 | 0.77 | 3.8% | 8.77 |
| Wolverine World Wide, Inc. | WWW | $1.3B | 13.63 | 3.20 | 23.5% | 10.33 |
| The Wendy's Company | WEN | $1.3B | 7.79 | 10.95 | 140.6% | 9.78 |
| XPEL, Inc. | XPEL | $1.3B | 24.75 | 4.52 | 18.3% | 16.02 |
| Peer Median | - | 16.85 | 3.20 | 7.9% | 12.13 | |