7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 30.7% per year over the past 5 years.
Net income has grown slower than revenue (22.4% vs 30.7% per year).
Financial health
Total debt ($1.6B) exceeds cash ($235M); net debt is $1.4B.
Total debt has grown faster than revenue (122.2% vs 30.7% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$4.3B
$217M
0.0%
0.0%
15.3%
5.8%
-$126M
$1.6B
$235M
2024
$4.4B
$341M
0.0%
0.0%
27.4%
10.2%
-$282M
$1.3B
$274M
2023
$3.7B
$308M
19.7%
0.0%
33.3%
12.0%
$369M
—
$494M
2022
$3.3B
$274M
18.6%
0.0%
—
11.6%
-$33M
—
$365M
2021
$1.9B
$135M
16.3%
0.0%
—
7.1%
$62M
$3M
$227M
2020
$1.1B
$79M
15.1%
0.0%
—
10.8%
$94M
$30M
$44M
2019
$744M
$39M
13.8%
0.0%
—
—
$28M
—
$51M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$1.1B
$28M
0.0%
0.0%
1.9%
0.7%
-$107M
$1.8B
$203M
Mar '26
$888M
$13M
0.0%
0.0%
0.9%
0.3%
-$55M
$1.9B
$435M
Dec '25
$1.2B
$59M
0.0%
0.0%
4.1%
1.6%
$136M
$1.6B
$235M
Sep '25
$970M
$47M
0.0%
0.0%
3.4%
1.2%
-$136M
$1.8B
$251M
Jun '25
$1.2B
$57M
0.0%
0.0%
4.2%
1.6%
-$79M
—
$210M
Mar '25
$990M
$55M
0.0%
0.0%
4.2%
1.6%
-$48M
—
$297M
Dec '24
$1.6B
$129M
0.0%
0.0%
10.4%
3.9%
$303M
$1.3B
$274M
Sep '24
$1.0B
$71M
0.0%
0.0%
6.3%
2.1%
-$223M
—
$205M
Jun '24
$1.1B
$81M
19.2%
0.0%
7.7%
2.7%
-$112M
—
$275M
Mar '24
$828M
$54M
18.0%
0.0%
5.6%
2.0%
-$250M
—
$239M
Dec '23
$1.1B
$102M
20.7%
0.0%
11.0%
4.0%
$219M
—
$494M
Sep '23
$896M
$76M
20.8%
0.0%
—
3.2%
$86M
—
$330M
Jun '23
$945M
$69M
19.3%
0.0%
—
3.0%
$102M
—
$293M
Mar '23
$769M
$49M
17.2%
0.0%
—
2.1%
-$37M
—
$267M
Dec '22
$1.1B
$86M
17.3%
0.0%
—
3.6%
$252M
—
$365M
Sep '22
$786M
$70M
18.7%
0.0%
—
3.0%
-$67M
$1M
$124M
Jun '22
$793M
$63M
19.9%
0.0%
—
3.0%
-$94M
$2M
$84M
Mar '22
$664M
$44M
18.9%
0.0%
—
2.2%
-$123M
$2M
$100M
Dec '21
$852M
$57M
16.4%
0.0%
—
3.0%
$183M
$3M
$227M
Sep '21
$363M
$19M
16.4%
0.0%
—
1.6%
-$25M
$4M
$90M
Valuation over time
How the market has priced DFH against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 4.4× (Mar '23) to 4.6× (Nov '26).
The price-to-sales ratio has fallen from 0.4× (Mar '23) to 0.2× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DFH growing its revenue and profit?
Over the past 5 years, Dream Finders Homes, Inc.'s revenue has grown 30.7% per year, and net income grown 22.4% per year. These are computed facts, not advice.
How much debt does DFH have?
As of FY2025, Dream Finders Homes, Inc. reported $1.6B of total debt against $235M of cash.
What is DFH's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 5.0%.
What is DFH's P/E ratio?
Dream Finders Homes, Inc.'s P/E (TTM) is 6.84 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DFH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 4.6× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.