DFHNYSEOperative BuildersFiscal year ends December 31
Dream Finders Homes, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-K/A on Jul 30, 2026
$8.65−0.14 (-1.59%)
Close on Oct 19, 2026
- Market cap
- $790.11M
- P/E (TTM)
- 6.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
–
Net margin
5.0%−2.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.9% | +9.0% | +30.7% | – | |
| Net income | -35.2% | -6.1% | +22.4% | – | |
| EPS, diluted | -35.9% | -4.4% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 16.3% | |
| Return on assets | – | – | 6.2% | |
| Capex to revenue | – | 0.3% | 0.6% | |
| Diluted shares | – | 0M | 101M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dream Finders Homes generated $824.05M from operations and spent $113.76M on capital expenditure, dividends and share buybacks. 56% of that went back into the business.
Generated
$824.05M
Used
$113.76M
Capital expenditure$64.24M56%Dividends$00%Share buybacks$49.53M44%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.0%
×Asset turnover1.23×
×Equity multiplier2.64×
=Return on equity, FY202516.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.0% | 1.23× | 2.64× | 16.3% |
| FY2024 | 7.5% | 1.51× | 2.72× | 30.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$217.20M
- Cash generatingOperating cash flow above zero-$100.57M
- Return on assets improvedROA up on the prior year13.1% → 6.5%
- Earnings backed by cashOperating cash flow above net income-$100.57M vs $217.20M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise100M → 101M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.74 → 1.30