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Dream Finders Homes (DFH) Financials

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$21.68 -0.12 (-0.54%)
Closing price 03:59 PM Eastern
Extended Trading
$21.67 -0.01 (-0.06%)
As of 06:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Dream Finders Homes

Annual Income Statements for Dream Finders Homes

This table shows Dream Finders Homes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
39 79 121 262 296 335
Consolidated Net Income / (Loss)
45 85 135 274 308 341
Net Income / (Loss) Continuing Operations
45 85 135 274 308 341
Total Pre-Tax Income
45 85 162 356 404 438
Total Operating Income
39 79 160 351 433 441
Total Gross Profit
103 171 314 615 731 829
Total Revenue
744 1,134 1,924 3,342 3,749 4,452
Operating Revenue
744 1,134 1,924 3,342 3,749 4,452
Total Cost of Revenue
641 963 1,610 2,727 3,018 3,623
Operating Cost of Revenue
641 963 1,610 2,727 3,018 3,623
Total Operating Expenses
64 92 153 264 298 387
Selling, General & Admin Expense
64 90 154 266 303 396
Other Operating Expenses / (Income)
- 1.75 -0.98 -1.93 -4.96 -8.39
Total Other Income / (Expense), net
5.52 5.74 1.90 5.07 -29 -3.37
Interest & Investment Income
2.21 7.99 9.43 16 18 11
Other Income / (Expense), net
3.53 -1.38 -7.53 -11 -47 -14
Income Tax Expense
0.00 0.00 27 82 96 97
Net Income / (Loss) Attributable to Noncontrolling Interest
5.71 5.42 13 12 12 5.24
Basic Earnings per Share
$0.00 $0.00 $1.27 $2.67 $3.03 $3.44
Weighted Average Basic Shares Outstanding
0.00 0.00 92.52M 92.75M 93.07M 93.51M
Diluted Earnings per Share
$0.00 $0.00 $1.27 $2.45 $2.79 $3.34
Weighted Average Diluted Shares Outstanding
0.00 0.00 95.31M 106.69M 106.03M 100.30M
Weighted Average Basic & Diluted Shares Outstanding
- - 92.76M 92.99M 93.27M 93.44M

Quarterly Income Statements for Dream Finders Homes

This table shows Dream Finders Homes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
70 86 49 69 76 102 54 81 71 129
Consolidated Net Income / (Loss)
72 90 52 72 80 105 56 83 72 130
Net Income / (Loss) Continuing Operations
72 90 52 72 80 105 56 83 72 130
Total Pre-Tax Income
82 121 69 96 104 135 71 106 92 169
Total Operating Income
79 116 72 109 107 145 69 105 96 171
Total Gross Profit
147 185 132 182 185 231 149 203 198 279
Total Revenue
786 1,099 769 945 896 1,138 828 1,056 1,007 1,561
Operating Revenue
786 1,099 769 945 896 1,138 828 1,056 1,007 1,561
Total Cost of Revenue
638 914 637 763 711 907 679 853 809 1,282
Operating Cost of Revenue
638 914 637 763 711 907 679 853 809 1,282
Total Operating Expenses
68 69 60 73 79 86 80 98 102 108
Selling, General & Admin Expense
69 70 61 74 79 90 82 99 102 113
Total Other Income / (Expense), net
2.50 5.51 -2.36 -14 -2.82 -9.77 1.70 0.66 -3.29 -2.44
Interest & Investment Income
5.14 4.69 2.96 4.70 4.56 5.86 4.90 5.30 0.10 0.27
Other Income / (Expense), net
-2.64 0.82 -5.32 -18 -7.38 -16 -3.21 -4.64 -3.39 -2.70
Income Tax Expense
10 31 18 24 24 30 15 23 21 38
Net Income / (Loss) Attributable to Noncontrolling Interest
1.98 3.64 2.66 2.88 3.50 3.00 1.19 1.82 0.99 1.24
Basic Earnings per Share
$0.71 $0.89 $0.49 $0.70 $0.79 $1.05 $0.55 $0.83 $0.72 $1.34
Weighted Average Basic Shares Outstanding
92.76M 92.75M 92.94M 93.11M 93.11M 93.07M 93.33M 93.72M 93.53M 93.51M
Diluted Earnings per Share
$0.64 $0.79 $0.45 $0.65 $0.75 $0.94 $0.55 $0.81 $0.70 $1.28
Weighted Average Diluted Shares Outstanding
108.29M 106.69M 108.82M 105.44M 102.05M 106.03M 99.94M 100.13M 100.74M 100.30M
Weighted Average Basic & Diluted Shares Outstanding
- 92.99M 93.13M 93.11M 93.11M 93.27M 93.73M 93.73M 93.48M 93.44M

Annual Cash Flow Statements for Dream Finders Homes

This table details how cash moves in and out of Dream Finders Homes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
39 18 188 114 153 -209
Net Cash From Operating Activities
30 97 65 -28 374 -257
Net Cash From Continuing Operating Activities
30 97 65 -28 374 -257
Net Income / (Loss) Continuing Operations
45 85 135 274 308 341
Consolidated Net Income / (Loss)
45 85 135 274 308 341
Depreciation Expense
3.04 4.01 6.07 11 11 10
Amortization Expense
5.31 5.93 3.79 5.84 7.25 6.99
Non-Cash Adjustments To Reconcile Net Income
7.57 36 87 -28 27 -19
Changes in Operating Assets and Liabilities, net
-30 -33 -167 -291 21 -596
Net Cash From Investing Activities
-18 -13 -523 -5.52 -4.48 -222
Net Cash From Continuing Investing Activities
-18 -13 -523 -5.52 -4.48 -222
Purchase of Property, Plant & Equipment
-2.89 -2.92 -2.77 -5.55 -4.78 -25
Acquisitions
-16 -17 -519 -0.28 0.00 -178
Sale of Property, Plant & Equipment
0.09 0.24 0.51 0.15 0.37 0.03
Divestitures
0.70 6.58 0.67 0.45 0.23 0.88
Other Investing Activities, net
- - -1.98 -0.30 -0.30 -19
Net Cash From Financing Activities
26 -66 646 147 -216 270
Net Cash From Continuing Financing Activities
26 -66 646 147 -216 270
Repayment of Debt
14 -787 414 -10,826 -5,868 -928
Repurchase of Common Equity
0.00 0.00 -138 0.00 0.00 -7.83
Payment of Dividends
-22 -25 -47 -37 -25 -26
Issuance of Debt
13 742 0.00 11,023 5,710 1,273
Other Financing Activities, net
-0.38 -0.15 -1.21 -14 -33 -40
Cash Interest Paid
0.30 - 34 105 80 199
Cash Income Taxes Paid
- - 28 48 81 128

Quarterly Cash Flow Statements for Dream Finders Homes

This table details how cash moves in and out of Dream Finders Homes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
32 233 -98 28 38 185 -281 29 -64 107
Net Cash From Operating Activities
-65 253 -36 103 87 219 -248 -111 -205 306
Net Cash From Continuing Operating Activities
-65 253 -36 103 87 219 -248 -111 -205 306
Net Income / (Loss) Continuing Operations
72 90 52 72 80 105 56 83 72 130
Consolidated Net Income / (Loss)
72 90 52 72 80 105 56 83 72 130
Depreciation Expense
3.78 3.25 2.64 2.68 2.67 2.67 2.20 2.60 2.15 3.28
Amortization Expense
-0.20 1.69 1.79 1.83 1.82 1.81 1.84 1.74 1.70 1.72
Non-Cash Adjustments To Reconcile Net Income
-20 -26 23 -11 4.33 12 -14 -63 6.48 51
Changes in Operating Assets and Liabilities, net
-120 184 -114 38 -1.45 99 -293 -135 -287 120
Net Cash From Investing Activities
-2.55 -1.50 -1.36 -1.59 -1.05 -0.48 -186 -3.70 -7.83 -24
Net Cash From Continuing Investing Activities
-2.55 -1.50 -1.36 -1.59 -1.05 -0.48 -186 -3.70 -7.83 -24
Purchase of Property, Plant & Equipment
-2.40 -1.22 -1.38 -1.62 -0.90 -0.88 -2.07 -1.82 -18 -3.90
Acquisitions
- - 0.00 - - - -184 -0.34 9.92 -3.72
Sale of Property, Plant & Equipment
0.09 0.03 0.02 0.03 0.15 0.17 0.05 0.02 0.02 -0.06
Divestitures
0.04 - - - - 0.23 - - - 0.31
Other Investing Activities, net
- -0.30 - - -0.30 - - - -0.79 -17
Net Cash From Financing Activities
100 -18 -61 -74 -48 -34 153 143 149 -175
Net Cash From Continuing Financing Activities
100 -18 -61 -74 -48 -34 153 143 149 -175
Repayment of Debt
-7,678 -3,025 -2,795 -2,705 -342 -25 -100 -7.01 -589 -232
Repurchase of Common Equity
- - - - - - - - -4.82 -1.16
Payment of Dividends
-3.98 -7.63 -4.40 -6.36 -5.74 -8.68 -12 -3.02 -7.15 -3.82
Issuance of Debt
7,778 3,015 2,745 2,665 300 - 280 181 750 62
Cash Income Taxes Paid
- - 36 42 2.02 2.02 102 3.66 7.43 14

Annual Balance Sheets for Dream Finders Homes

This table presents Dream Finders Homes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
734 1,894 2,371 2,562 3,329
Total Current Assets
457 1,327 1,786 1,965 2,024
Cash & Equivalents
44 227 365 494 274
Accounts Receivable
17 33 43 31 34
Inventories, net
397 1,067 1,378 1,440 1,715
Plant, Property, & Equipment, net
4.31 6.79 7.34 7.04 26
Total Noncurrent Assets
272 560 578 590 1,278
Long-Term Investments
4.55 16 14 15 11
Goodwill
29 172 172 172 300
Other Noncurrent Operating Assets
236 359 391 403 967
Total Liabilities & Shareholders' Equity
734 1,894 2,371 2,562 3,329
Total Liabilities
522 1,338 1,570 1,476 1,908
Total Current Liabilities
164 253 319 342 700
Short-Term Debt
- - - 0.00 290
Accounts Payable
37 113 135 134 147
Accrued Expenses
67 140 184 207 263
Total Noncurrent Liabilities
357 1,085 1,252 1,135 1,208
Long-Term Debt
30 - 0.00 294 295
Noncurrent Deferred Revenue
- - 146 173 126
Other Noncurrent Operating Liabilities
328 1,085 1,106 668 788
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
76 155 156 149 170
Total Equity & Noncontrolling Interests
136 401 645 938 1,250
Total Preferred & Common Equity
104 377 632 925 1,245
Total Common Equity
104 377 632 925 1,245
Common Stock
104 259 266 276 282
Retained Earnings
0.00 118 366 648 970
Treasury Stock
- - - 0.00 -7.83
Noncontrolling Interest
32 24 13 13 5.49

Quarterly Balance Sheets for Dream Finders Homes

This table presents Dream Finders Homes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
2,309 2,288 2,384 2,717 2,985 3,325
Total Current Assets
1,439 1,536 1,837 296 2,205 2,295
Cash & Equivalents
267 293 330 239 275 205
Accounts Receivable
34 31 33 28 33 30
Inventories, net
1,139 1,212 1,474 - 1,898 2,060
Plant, Property, & Equipment, net
299 7.95 7.52 8.28 8.78 25
Total Noncurrent Assets
566 744 539 2,413 771 1,004
Long-Term Investments
13 14 14 18 21 6.56
Goodwill
172 172 172 305 300 300
Other Noncurrent Operating Assets
381 558 353 2,090 450 698
Total Liabilities & Shareholders' Equity
2,309 2,288 2,384 2,717 2,985 3,325
Total Liabilities
1,458 1,369 1,398 1,566 1,764 2,035
Total Current Liabilities
239 377 260 1,138 363 526
Short-Term Debt
- - - - - 170
Accounts Payable
135 124 137 144 181 169
Accrued Expenses
104 90 123 114 182 187
Total Noncurrent Liabilities
1,220 991 1,138 428 1,401 1,509
Long-Term Debt
- - 294 294 295 295
Noncurrent Deferred Revenue
166 - 164 - 129 130
Other Noncurrent Operating Liabilities
1,054 991 681 134 978 1,084
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
156 156 149 177 170 170
Total Equity & Noncontrolling Interests
694 763 838 974 1,052 1,120
Total Preferred & Common Equity
680 748 822 969 1,047 1,115
Total Common Equity
680 748 822 969 1,047 1,115
Common Stock
268 272 272 269 272 277
Retained Earnings
411 477 550 700 777 844
Treasury Stock
- - - - -1.85 -6.67
Noncontrolling Interest
15 15 15 5.29 4.10 4.69

Annual Metrics and Ratios for Dream Finders Homes

This table displays calculated financial ratios and metrics derived from Dream Finders Homes' official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 52.33% 69.69% 73.73% 12.15% 18.75%
EBITDA Growth
0.00% 70.40% 86.03% 119.81% 13.19% 9.96%
EBIT Growth
0.00% 80.35% 97.21% 122.80% 13.62% 10.60%
NOPAT Growth
0.00% 100.03% 68.87% 103.27% 21.92% 4.11%
Net Income Growth
0.00% 88.23% 59.26% 103.80% 12.27% 10.60%
EPS Growth
0.00% 0.00% 0.00% 92.91% 13.88% 19.71%
Operating Cash Flow Growth
0.00% 218.49% -32.96% -142.52% 1,454.79% -168.58%
Free Cash Flow Firm Growth
0.00% 0.00% 111.60% 1,113.34% -173.56% -325.62%
Invested Capital Growth
0.00% 0.00% 61.88% 34.79% 106.22% 97.48%
Revenue Q/Q Growth
0.00% 0.00% 11.75% 0.00% 1.04% 10.51%
EBITDA Q/Q Growth
0.00% 0.00% -50.33% 0.00% 3.21% 9.69%
EBIT Q/Q Growth
0.00% 0.00% -51.83% 0.00% 3.48% 9.98%
NOPAT Q/Q Growth
0.00% 0.00% -53.05% 0.00% 8.83% 6.13%
Net Income Q/Q Growth
0.00% 0.00% 18.69% 0.00% 5.11% 8.11%
EPS Q/Q Growth
0.00% 0.00% 84.06% 0.00% 5.68% 11.33%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 320.96% 0.00% -8.17% 25.31%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -58.63% 81.22% -77.65%
Invested Capital Q/Q Growth
0.00% 0.00% -19.74% 0.00% -6.92% 11.41%
Profitability Metrics
- - - - - -
Gross Margin
13.83% 15.07% 16.30% 18.41% 19.50% 18.61%
EBITDA Margin
6.89% 7.70% 8.44% 10.68% 10.78% 9.99%
Operating Margin
5.29% 6.95% 8.32% 10.50% 11.55% 9.91%
EBIT Margin
5.77% 6.83% 7.93% 10.17% 10.31% 9.60%
Profit (Net Income) Margin
6.03% 7.45% 7.00% 8.21% 8.21% 7.65%
Tax Burden Percent
100.00% 100.00% 83.06% 77.02% 76.14% 77.78%
Interest Burden Percent
104.63% 109.20% 106.18% 104.74% 104.68% 102.47%
Effective Tax Rate
0.00% 0.00% 16.94% 22.98% 23.86% 22.22%
Return on Invested Capital (ROIC)
0.00% 81.43% 52.51% 73.54% 51.00% 26.50%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 19.52% 51.31% 72.29% 58.31% 20.20%
Return on Net Nonoperating Assets (RNNOA)
0.00% -1.71% -17.48% -33.12% -18.36% 0.67%
Return on Equity (ROE)
0.00% 79.72% 35.03% 40.42% 32.64% 27.18%
Cash Return on Invested Capital (CROIC)
0.00% -118.57% 5.25% 43.91% -18.37% -39.03%
Operating Return on Assets (OROA)
0.00% 10.55% 11.62% 15.94% 15.66% 14.51%
Return on Assets (ROA)
0.00% 11.52% 10.24% 12.86% 12.48% 11.56%
Return on Common Equity (ROCE)
0.00% 39.05% 21.93% 30.05% 26.92% 23.52%
Return on Equity Simple (ROE_SIMPLE)
0.00% 81.38% 35.69% 43.42% 33.31% 27.36%
Net Operating Profit after Tax (NOPAT)
39 79 133 270 330 343
NOPAT Margin
5.29% 6.95% 6.91% 8.09% 8.79% 7.71%
Net Nonoperating Expense Percent (NNEP)
0.00% 61.91% 1.20% 1.26% -7.31% 6.30%
Return On Investment Capital (ROIC_SIMPLE)
- - - 41.94% 26.77% 18.70%
Cost of Revenue to Revenue
86.17% 84.93% 83.70% 81.59% 80.50% 81.39%
SG&A Expenses to Revenue
8.54% 7.97% 8.03% 7.96% 8.08% 8.89%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
8.54% 8.12% 7.97% 7.90% 7.95% 8.70%
Earnings before Interest and Taxes (EBIT)
43 77 153 340 386 427
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
51 87 162 357 404 445
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 1.20 4.77 0.44 3.58 1.75
Price to Tangible Book Value (P/TBV)
0.00 1.72 9.18 0.61 4.40 2.30
Price to Revenue (P/Rev)
0.17 0.11 0.94 0.08 0.88 0.49
Price to Earnings (P/E)
3.18 1.58 14.86 1.07 11.18 6.49
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
31.40% 63.38% 6.73% 93.55% 8.94% 15.42%
Enterprise Value to Invested Capital (EV/IC)
0.00 1.11 5.54 0.17 3.74 1.54
Enterprise Value to Revenue (EV/Rev)
0.00 0.19 0.90 0.02 0.87 0.60
Enterprise Value to EBITDA (EV/EBITDA)
0.00 2.46 10.68 0.20 8.05 5.96
Enterprise Value to EBIT (EV/EBIT)
0.00 2.77 11.37 0.21 8.42 6.20
Enterprise Value to NOPAT (EV/NOPAT)
0.00 2.72 13.05 0.26 9.87 7.72
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 2.21 26.71 0.00 8.70 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 130.46 0.44 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.14 0.00 0.00 0.27 0.41
Long-Term Debt to Equity
0.00 0.14 0.00 0.00 0.27 0.21
Financial Leverage
0.00 -0.09 -0.34 -0.46 -0.31 0.03
Leverage Ratio
0.00 3.46 3.42 3.14 2.61 2.35
Compound Leverage Factor
0.00 3.78 3.63 3.29 2.74 2.41
Debt to Total Capital
0.00% 12.27% 0.00% 0.00% 21.30% 29.16%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 14.44%
Long-Term Debt to Total Capital
0.00% 12.27% 0.00% 0.00% 21.30% 14.72%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 44.76% 32.23% 21.11% 11.71% 8.75%
Common Equity to Total Capital
0.00% 42.97% 67.77% 78.89% 67.00% 62.09%
Debt to EBITDA
0.00 0.34 0.00 0.00 0.73 1.32
Net Debt to EBITDA
0.00 -0.21 0.00 0.00 -0.53 0.67
Long-Term Debt to EBITDA
0.00 0.34 0.00 0.00 0.73 0.66
Debt to NOPAT
0.00 0.38 0.00 0.00 0.89 1.70
Net Debt to NOPAT
0.00 -0.24 0.00 0.00 -0.65 0.87
Long-Term Debt to NOPAT
0.00 0.38 0.00 0.00 0.89 0.86
Altman Z-Score
0.00 2.52 2.86 2.95 4.42 3.33
Noncontrolling Interest Sharing Ratio
0.00% 51.02% 37.41% 25.67% 17.52% 13.45%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 2.78 5.25 5.60 5.75 2.89
Quick Ratio
0.00 0.37 1.03 1.28 1.54 0.44
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -115 13 161 -119 -505
Operating Cash Flow to CapEx
1,086.46% 3,613.39% 2,867.26% -512.20% 8,478.34% -1,013.90%
Free Cash Flow to Firm to Interest Expense
0.00 -131.69 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
137.41 111.26 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
124.76 108.18 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 1.55 1.46 1.57 1.52 1.51
Accounts Receivable Turnover
0.00 67.63 76.58 86.85 100.82 136.97
Inventory Turnover
0.00 2.43 2.20 2.23 2.14 2.30
Fixed Asset Turnover
0.00 263.12 346.71 473.22 521.36 266.88
Accounts Payable Turnover
0.00 25.73 21.34 21.98 22.45 25.76
Days Sales Outstanding (DSO)
0.00 5.40 4.77 4.20 3.62 2.66
Days Inventory Outstanding (DIO)
0.00 150.34 165.84 163.61 170.46 158.96
Days Payable Outstanding (DPO)
0.00 14.18 17.10 16.61 16.26 14.17
Cash Conversion Cycle (CCC)
0.00 141.56 153.50 151.20 157.82 147.45
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 193 313 422 871 1,719
Invested Capital Turnover
0.00 11.72 7.59 9.09 5.80 3.44
Increase / (Decrease) in Invested Capital
0.00 193 120 109 448 849
Enterprise Value (EV)
0.00 214 1,736 71 3,254 2,649
Market Capitalization
125 125 1,800 280 3,308 2,175
Book Value per Share
$0.00 $10.82 $4.08 $6.81 $9.93 $13.32
Tangible Book Value per Share
$0.00 $7.57 $2.12 $4.95 $8.08 $10.11
Total Capital
0.00 242 556 801 1,380 2,005
Total Debt
0.00 30 0.00 0.00 294 585
Total Long-Term Debt
0.00 30 0.00 0.00 294 295
Net Debt
0.00 -19 -243 -379 -216 299
Capital Expenditures (CapEx)
2.80 2.68 2.27 5.39 4.41 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 249 847 1,103 1,130 1,339
Debt-free Net Working Capital (DFNWC)
0.00 293 1,074 1,467 1,624 1,613
Net Working Capital (NWC)
0.00 293 1,074 1,467 1,624 1,324
Net Nonoperating Expense (NNE)
-5.52 -5.74 -1.57 -3.90 22 2.62
Net Nonoperating Obligations (NNO)
0.00 -19 -243 -379 -216 299
Total Depreciation and Amortization (D&A)
8.34 9.94 9.85 17 18 17
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 21.98% 44.03% 33.00% 30.13% 30.08%
Debt-free Net Working Capital to Revenue
0.00% 25.83% 55.84% 43.91% 43.32% 36.24%
Net Working Capital to Revenue
0.00% 25.83% 55.84% 43.91% 43.32% 29.74%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $1.27 $2.67 $3.03 $3.44
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 92.52M 92.75M 93.07M 93.51M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $1.27 $2.45 $2.79 $3.34
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 95.31M 106.69M 106.03M 100.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 92.76M 92.99M 93.27M 93.44M
Normalized Net Operating Profit after Tax (NOPAT)
28 55 133 270 330 343
Normalized NOPAT Margin
3.70% 4.86% 6.91% 8.09% 8.79% 7.71%
Pre Tax Income Margin
6.03% 7.45% 8.42% 10.66% 10.79% 9.84%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
193.77 88.85 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
177.82 90.44 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
181.13 85.78 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
165.18 87.36 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
49.55% 29.69% 34.63% 13.41% 8.18% 7.73%
Augmented Payout Ratio
49.55% 29.69% 136.91% 13.41% 8.18% 10.03%

Quarterly Metrics and Ratios for Dream Finders Homes

This table displays calculated financial ratios and metrics derived from Dream Finders Homes' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 0.00% 15.87% 19.19% 14.02% 3.50% 7.59% 11.68% 12.40% 37.19%
EBITDA Growth
185.65% 0.00% 10.59% 4.96% 28.92% 10.33% -1.27% 9.83% -7.25% 29.30%
EBIT Growth
191.98% 0.00% 10.25% 5.53% 29.08% 11.16% -0.76% 10.49% -6.93% 29.91%
NOPAT Growth
200.23% 0.00% 13.28% 20.91% 17.75% 31.02% 1.57% 0.57% -9.26% 17.65%
Net Income Growth
0.00% 0.00% 11.69% 7.94% 11.15% 16.64% 7.60% 15.52% -10.00% 24.34%
EPS Growth
0.00% 0.00% 7.14% 8.33% 17.19% 18.99% 22.22% 24.62% -6.67% 36.17%
Operating Cash Flow Growth
-117.55% 0.00% 70.95% 210.85% 234.55% -13.17% -595.53% -206.99% -335.67% 39.63%
Free Cash Flow Firm Growth
225.22% 80.72% 83.93% 111.78% -285.68% -1,355.19% -1,766.16% -2,837.42% 37.47% -113.24%
Invested Capital Growth
-100.00% 34.79% 17.07% 11.37% 0.00% 106.22% 105.14% 99.14% 65.00% 97.48%
Revenue Q/Q Growth
-0.94% 39.94% -30.02% 22.86% -5.24% 27.03% -27.26% 27.54% -4.63% 55.05%
EBITDA Q/Q Growth
-11.74% 51.05% -41.68% 34.99% 8.41% 29.28% -47.82% 50.17% -8.45% 80.23%
EBIT Q/Q Growth
-11.01% 51.68% -43.01% 37.21% 8.84% 30.62% -49.13% 52.77% -8.33% 82.33%
NOPAT Q/Q Growth
2.67% 23.68% -37.69% 52.83% -0.02% 37.61% -51.14% 51.33% -9.79% 78.41%
Net Income Q/Q Growth
7.91% 25.63% -42.48% 38.44% 11.11% 31.85% -46.94% 48.63% -13.43% 82.14%
EPS Q/Q Growth
6.67% 23.44% -43.04% 44.44% 15.38% 25.33% -41.49% 47.27% -13.58% 82.86%
Operating Cash Flow Q/Q Growth
30.68% 491.04% -114.08% 390.47% -15.86% 152.34% -212.78% 55.32% -85.34% 249.51%
Free Cash Flow Firm Q/Q Growth
382.07% -105.02% -25.38% 166.33% -4,546.16% 60.65% -60.18% 2.70% -1.56% -34.21%
Invested Capital Q/Q Growth
-100.00% 0.00% 33.92% 8.43% 52.56% -6.92% 33.22% 5.26% 26.41% 11.41%
Profitability Metrics
- - - - - - - - - -
Gross Margin
18.74% 16.84% 17.17% 19.30% 20.66% 20.33% 18.02% 19.22% 19.63% 17.87%
EBITDA Margin
10.24% 11.05% 9.21% 10.12% 11.58% 11.78% 8.45% 9.95% 9.55% 11.10%
Operating Margin
10.12% 10.53% 9.32% 11.57% 11.90% 12.76% 8.35% 9.98% 9.51% 10.96%
EBIT Margin
9.78% 10.60% 8.63% 9.64% 11.07% 11.39% 7.96% 9.54% 9.17% 10.78%
Profit (Net Income) Margin
9.12% 8.18% 6.73% 7.58% 8.89% 9.22% 6.73% 7.84% 7.12% 8.36%
Tax Burden Percent
87.35% 74.20% 74.58% 74.75% 76.72% 77.49% 78.62% 78.07% 77.52% 77.40%
Interest Burden Percent
106.68% 104.02% 104.45% 105.16% 104.59% 104.52% 107.44% 105.26% 100.11% 100.16%
Effective Tax Rate
12.65% 25.80% 25.42% 25.25% 23.28% 22.51% 21.38% 21.93% 22.48% 22.60%
Return on Invested Capital (ROIC)
0.00% 71.01% 45.75% 53.53% 72.42% 57.34% 28.98% 33.28% 23.96% 29.15%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 69.69% 46.63% 58.56% 80.94% 59.89% 28.01% 32.95% 21.44% 24.62%
Return on Net Nonoperating Assets (RNNOA)
0.00% -31.93% -12.83% -15.07% -4.17% -18.86% -3.87% -4.73% 1.91% 0.82%
Return on Equity (ROE)
0.00% 39.08% 32.91% 38.46% 68.24% 38.49% 25.11% 28.56% 25.86% 29.97%
Cash Return on Invested Capital (CROIC)
200.00% 43.91% 37.06% 39.28% -135.23% -18.37% -30.58% -30.19% -22.96% -39.03%
Operating Return on Assets (OROA)
0.00% 16.62% 13.84% 15.77% 34.47% 17.30% 12.06% 14.17% 12.94% 16.30%
Return on Assets (ROA)
0.00% 12.83% 10.78% 12.40% 27.66% 14.01% 10.19% 11.65% 10.04% 12.63%
Return on Common Equity (ROCE)
0.00% 29.05% 25.00% 30.15% 56.90% 31.74% 20.68% 23.95% 22.02% 25.94%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 41.16% 38.07% 35.63% 0.00% 32.19% 30.84% 28.25% 0.00%
Net Operating Profit after Tax (NOPAT)
69 86 54 82 82 113 54 82 74 132
NOPAT Margin
8.84% 7.81% 6.95% 8.65% 9.13% 9.89% 6.57% 7.79% 7.37% 8.48%
Net Nonoperating Expense Percent (NNEP)
3.98% 1.32% -0.88% -5.03% -8.52% -2.55% 0.96% 0.34% 2.52% 4.53%
Return On Investment Capital (ROIC_SIMPLE)
- 13.32% - - - 9.14% - - - 7.21%
Cost of Revenue to Revenue
81.26% 83.16% 82.83% 80.70% 79.34% 79.67% 81.98% 80.78% 80.37% 82.13%
SG&A Expenses to Revenue
8.76% 6.32% 7.90% 7.80% 8.76% 7.92% 9.88% 9.37% 10.12% 7.25%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
8.62% 6.31% 7.84% 7.73% 8.76% 7.57% 9.67% 9.24% 10.12% 6.91%
Earnings before Interest and Taxes (EBIT)
77 117 66 91 99 130 66 101 92 168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
80 121 71 96 104 134 70 105 96 173
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.44 1.81 3.06 2.52 3.58 4.21 2.31 3.04 1.75
Price to Tangible Book Value (P/TBV)
0.00 0.61 2.43 3.97 3.18 4.40 6.15 3.24 4.17 2.30
Price to Revenue (P/Rev)
0.00 0.08 0.36 0.64 0.56 0.88 1.07 0.62 0.84 0.49
Price to Earnings (P/E)
0.00 1.07 4.60 8.36 7.38 11.18 13.54 7.72 11.02 6.49
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 93.55% 21.72% 11.96% 13.54% 8.94% 7.39% 12.95% 9.08% 15.42%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.17 1.99 3.51 2.33 3.74 3.68 2.12 2.48 1.54
Enterprise Value to Revenue (EV/Rev)
0.00 0.02 0.33 0.60 0.59 0.87 1.12 0.66 0.95 0.60
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.20 3.09 5.85 5.57 8.05 10.59 6.28 9.43 5.96
Enterprise Value to EBIT (EV/EBIT)
0.00 0.21 3.24 6.14 5.85 8.42 11.07 6.56 9.84 6.20
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.26 4.06 7.40 7.21 9.87 12.91 7.84 11.82 7.72
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 18.94 8.42 5.36 8.70 26.31 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.88 0.44 5.78 9.43 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.30 0.27 0.26 0.24 0.36 0.41
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.30 0.27 0.26 0.24 0.23 0.21
Financial Leverage
-0.22 -0.46 -0.28 -0.26 -0.05 -0.31 -0.14 -0.14 0.09 0.03
Leverage Ratio
2.47 3.14 2.97 2.81 2.42 2.61 2.51 2.46 2.51 2.35
Compound Leverage Factor
2.63 3.27 3.11 2.95 2.53 2.73 2.70 2.59 2.51 2.35
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 22.94% 21.30% 20.36% 19.43% 26.50% 29.16%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.70% 14.44%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 22.94% 21.30% 20.36% 19.43% 16.80% 14.72%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 21.11% 20.09% 18.60% 12.81% 11.71% 12.62% 11.48% 9.95% 8.75%
Common Equity to Total Capital
0.00% 78.89% 79.91% 81.40% 64.25% 67.00% 67.03% 69.09% 63.55% 62.09%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.75 0.73 0.73 0.71 1.15 1.32
Net Debt to EBITDA
0.00 0.00 0.00 0.00 -0.13 -0.53 0.02 0.00 0.63 0.67
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.75 0.73 0.73 0.71 0.73 0.66
Debt to NOPAT
0.00 0.00 0.00 0.00 0.97 0.89 0.89 0.89 1.44 1.70
Net Debt to NOPAT
0.00 0.00 0.00 0.00 -0.17 -0.65 0.03 0.00 0.78 0.87
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.97 0.89 0.89 0.89 0.91 0.86
Altman Z-Score
0.00 2.64 2.97 3.61 3.70 4.09 3.03 3.35 3.30 3.07
Noncontrolling Interest Sharing Ratio
35.54% 25.67% 24.05% 21.62% 16.62% 17.52% 17.65% 16.12% 14.87% 13.45%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.00 5.60 6.03 4.07 7.06 5.75 0.26 6.08 4.37 2.89
Quick Ratio
0.00 1.28 1.26 0.86 1.40 1.54 0.24 0.85 0.45 0.44
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
460 -23 -29 19 -853 -336 -540 -525 -534 -716
Operating Cash Flow to CapEx
-2,794.64% 21,081.57% -2,616.84% 6,497.49% 11,535.28% 30,955.15% -12,205.67% -6,154.54% -1,169.21% 7,744.63%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.00 1.57 1.60 1.64 3.11 1.52 1.52 1.49 1.41 1.51
Accounts Receivable Turnover
0.00 86.85 102.77 116.67 0.00 100.82 123.25 121.59 126.85 136.97
Inventory Turnover
0.00 2.23 2.38 2.30 0.00 2.14 0.00 2.02 1.83 2.30
Fixed Asset Turnover
0.00 473.22 22.59 497.95 0.00 521.36 24.81 468.50 248.51 266.88
Accounts Payable Turnover
0.00 21.98 20.79 23.19 0.00 22.45 21.87 20.61 21.18 25.76
Days Sales Outstanding (DSO)
0.00 4.20 3.55 3.13 0.00 3.62 2.96 3.00 2.88 2.66
Days Inventory Outstanding (DIO)
0.00 163.61 153.39 158.99 0.00 170.46 0.00 180.57 198.97 158.96
Days Payable Outstanding (DPO)
0.00 16.61 17.56 15.74 0.00 16.26 16.69 17.71 17.23 14.17
Cash Conversion Cycle (CCC)
0.00 151.20 139.38 146.38 0.00 157.82 -13.73 165.86 184.61 147.45
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
0.00 422 565 613 935 871 1,160 1,221 1,543 1,719
Invested Capital Turnover
0.00 9.09 6.58 6.19 7.93 5.80 4.41 4.27 3.25 3.44
Increase / (Decrease) in Invested Capital
-390 109 82 63 935 448 594 608 608 849
Enterprise Value (EV)
343 71 1,123 2,155 2,183 3,254 4,270 2,593 3,822 2,649
Market Capitalization
343 280 1,232 2,290 2,070 3,308 4,079 2,420 3,394 2,175
Book Value per Share
$0.00 $6.81 $7.31 $8.04 $8.83 $9.93 $10.39 $11.18 $11.90 $13.32
Tangible Book Value per Share
$0.00 $4.95 $5.46 $6.19 $6.98 $8.08 $7.12 $7.97 $8.69 $10.11
Total Capital
0.00 801 850 919 1,280 1,380 1,445 1,516 1,755 2,005
Total Debt
0.00 0.00 0.00 0.00 294 294 294 295 465 585
Total Long-Term Debt
0.00 0.00 0.00 0.00 294 294 294 295 295 295
Net Debt
0.00 -379 -280 -306 -51 -216 8.74 -0.79 253 299
Capital Expenditures (CapEx)
2.31 1.20 1.36 1.59 0.75 0.71 2.03 1.80 18 3.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 1,103 934 866 1,247 1,130 -1,110 1,568 1,735 1,339
Debt-free Net Working Capital (DFNWC)
0.00 1,467 1,200 1,159 1,577 1,624 -842 1,843 1,940 1,613
Net Working Capital (NWC)
0.00 1,467 1,200 1,159 1,577 1,624 -842 1,843 1,769 1,324
Net Nonoperating Expense (NNE)
-2.18 -4.09 1.76 10 2.17 7.57 -1.33 -0.52 2.55 1.89
Net Nonoperating Obligations (NNO)
0.00 -379 -285 -306 -51 -216 8.74 -0.79 253 299
Total Depreciation and Amortization (D&A)
3.58 4.93 4.43 4.50 4.49 4.48 4.03 4.34 3.85 5.00
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 33.00% 27.08% 24.07% 33.62% 30.13% -29.15% 40.03% 43.06% 30.08%
Debt-free Net Working Capital to Revenue
0.00% 43.91% 34.81% 32.19% 42.51% 43.32% -22.11% 47.04% 48.15% 36.24%
Net Working Capital to Revenue
0.00% 43.91% 34.81% 32.19% 42.51% 43.32% -22.11% 47.04% 43.92% 29.74%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.89 $0.49 $0.70 $0.79 $1.05 $0.55 $0.83 $0.72 $1.34
Adjusted Weighted Average Basic Shares Outstanding
0.00 92.75M 92.94M 93.11M 93.11M 93.07M 93.33M 93.72M 93.53M 93.51M
Adjusted Diluted Earnings per Share
$0.00 $0.79 $0.45 $0.65 $0.75 $0.94 $0.55 $0.81 $0.70 $1.28
Adjusted Weighted Average Diluted Shares Outstanding
0.00 106.69M 108.82M 105.44M 102.05M 106.03M 99.94M 100.13M 100.74M 100.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 92.99M 93.13M 93.11M 93.11M 93.27M 93.73M 93.73M 93.48M 93.44M
Normalized Net Operating Profit after Tax (NOPAT)
69 86 54 82 82 113 54 82 74 132
Normalized NOPAT Margin
8.84% 7.81% 6.95% 8.65% 9.13% 9.89% 6.57% 7.79% 7.37% 8.48%
Pre Tax Income Margin
10.44% 11.03% 9.02% 10.14% 11.58% 11.90% 8.56% 10.04% 9.18% 10.80%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 13.41% 12.87% 7.85% 8.24% 8.18% 10.62% 9.22% 9.90% 7.73%
Augmented Payout Ratio
0.00% 13.41% 12.87% 7.85% 8.24% 8.18% 10.62% 9.79% 12.02% 10.03%

Frequently Asked Questions About Dream Finders Homes' Financials

When does Dream Finders Homes's fiscal year end?

According to the most recent income statement we have on file, Dream Finders Homes' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Dream Finders Homes' net income changed over the last 5 years?

Dream Finders Homes' net income appears to be on an upward trend, with a most recent value of $340.58 million in 2024, rising from $44.90 million in 2019. The previous period was $307.94 million in 2023.

What is Dream Finders Homes's operating income?
Dream Finders Homes's total operating income in 2024 was $441.23 million, based on the following breakdown:
  • Total Gross Profit: $828.58 million
  • Total Operating Expenses: $387.36 million
How has Dream Finders Homes revenue changed over the last 5 years?

Over the last 5 years, Dream Finders Homes' total revenue changed from $744.29 million in 2019 to $4.45 billion in 2024, a change of 498.1%.

How much debt does Dream Finders Homes have?

Dream Finders Homes' total liabilities were at $1.91 billion at the end of 2024, a 29.3% increase from 2023, and a 265.8% increase since 2020.

How much cash does Dream Finders Homes have?

In the past 4 years, Dream Finders Homes' cash and equivalents has ranged from $43.66 million in 2020 to $494.15 million in 2023, and is currently $274.38 million as of their latest financial filing in 2024.

How has Dream Finders Homes' book value per share changed over the last 5 years?

Over the last 5 years, Dream Finders Homes' book value per share changed from 0.00 in 2019 to 13.32 in 2024, a change of 1,331.8%.

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This page (NASDAQ:DFH) was last updated on 4/15/2025 by MarketBeat.com Staff
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