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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.
Bath & Body Works, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs 4.8%, a 0.0% gap on every dollar of revenue. On growth, Bath & Body Works, Inc. posted the faster year-over-year revenue change (-1.0% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $-1.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
Dream Finders Homes, Inc. is a U.S. homebuilding firm that constructs and sells entry-level to luxury residential properties, including single-family homes and townhomes, across high-growth domestic markets. It also provides mortgage, title insurance and home warranty services for homebuyers.
BBWI vs DFH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $77.0M | $58.8M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | 6.4% |
| Net Margin | 4.8% | 4.8% |
| Revenue YoY | -1.0% | -22.3% |
| Net Profit YoY | -27.4% | -54.9% |
| EPS (diluted) | $0.37 | $0.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $969.8M | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $2.8B | $989.9M | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $2.9B | $827.8M |
| Q4 25 | $77.0M | $58.8M | ||
| Q3 25 | $64.0M | $47.0M | ||
| Q2 25 | $105.0M | $56.6M | ||
| Q1 25 | $453.0M | $54.9M | ||
| Q4 24 | $106.0M | $130.5M | ||
| Q3 24 | $152.0M | $70.7M | ||
| Q2 24 | $87.0M | $80.9M | ||
| Q1 24 | $579.0M | $54.5M |
| Q4 25 | 41.3% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 46.7% | — | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 43.8% | 19.2% | ||
| Q1 24 | 45.9% | 18.0% |
| Q4 25 | 10.1% | 6.4% | ||
| Q3 25 | 10.1% | 6.3% | ||
| Q2 25 | 14.7% | 6.4% | ||
| Q1 25 | 24.3% | 7.2% | ||
| Q4 24 | 13.5% | 10.8% | ||
| Q3 24 | 12.0% | 9.2% | ||
| Q2 24 | 13.5% | 10.0% | ||
| Q1 24 | 23.9% | 8.6% |
| Q4 25 | 4.8% | 4.8% | ||
| Q3 25 | 4.1% | 4.8% | ||
| Q2 25 | 7.4% | 4.9% | ||
| Q1 25 | 16.3% | 5.5% | ||
| Q4 24 | 6.6% | 8.4% | ||
| Q3 24 | 10.0% | 7.0% | ||
| Q2 24 | 6.3% | 7.7% | ||
| Q1 24 | 19.9% | 6.6% |
| Q4 25 | $0.37 | $0.57 | ||
| Q3 25 | $0.30 | $0.47 | ||
| Q2 25 | $0.49 | $0.56 | ||
| Q1 25 | $2.06 | $0.54 | ||
| Q4 24 | $0.49 | $1.28 | ||
| Q3 24 | $0.68 | $0.70 | ||
| Q2 24 | $0.38 | $0.81 | ||
| Q1 24 | $2.54 | $0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $236.0M | $234.8M |
| Total DebtLower is stronger | $3.9B | $1.6B |
| Stockholders' EquityBook value | $-1.6B | $1.4B |
| Total Assets | $5.0B | $3.7B |
| Debt / EquityLower = less leverage | — | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $234.8M | ||
| Q3 25 | $364.0M | $251.0M | ||
| Q2 25 | $636.0M | $210.3M | ||
| Q1 25 | $674.0M | $297.5M | ||
| Q4 24 | $191.0M | $274.4M | ||
| Q3 24 | $514.0M | $204.9M | ||
| Q2 24 | $855.0M | $274.8M | ||
| Q1 24 | $1.1B | $239.4M |
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | $3.9B | $1.8B | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | $-1.6B | $1.4B | ||
| Q3 25 | $-1.5B | $1.4B | ||
| Q2 25 | $-1.5B | $1.3B | ||
| Q1 25 | $-1.4B | $1.3B | ||
| Q4 24 | $-1.7B | $1.2B | ||
| Q3 24 | $-1.7B | $1.1B | ||
| Q2 24 | $-1.7B | $1.0B | ||
| Q1 24 | $-1.6B | $968.7M |
| Q4 25 | $5.0B | $3.7B | ||
| Q3 25 | $4.8B | $3.8B | ||
| Q2 25 | $4.9B | $3.7B | ||
| Q1 25 | $4.9B | $3.5B | ||
| Q4 24 | $5.0B | $3.3B | ||
| Q3 24 | $4.9B | $3.3B | ||
| Q2 24 | $5.2B | $3.0B | ||
| Q1 24 | $5.5B | $2.7B |
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.0M | $143.6M |
| Free Cash FlowOCF − Capex | $-1.0M | $136.0M |
| FCF MarginFCF / Revenue | -0.1% | 11.2% |
| Capex IntensityCapex / Revenue | 5.1% | 0.6% |
| Cash ConversionOCF / Net Profit | 1.04× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $143.6M | ||
| Q3 25 | $-43.0M | $-131.0M | ||
| Q2 25 | $188.0M | $-68.5M | ||
| Q1 25 | $955.0M | $-44.7M | ||
| Q4 24 | $-99.0M | $306.5M | ||
| Q3 24 | $-46.0M | $-205.0M | ||
| Q2 24 | $76.0M | $-110.6M | ||
| Q1 24 | $926.0M | $-247.5M |
| Q4 25 | $-1.0M | $136.0M | ||
| Q3 25 | $-99.0M | $-135.7M | ||
| Q2 25 | $151.0M | $-78.8M | ||
| Q1 25 | $895.0M | $-47.9M | ||
| Q4 24 | $-164.0M | $302.6M | ||
| Q3 24 | $-101.0M | $-222.5M | ||
| Q2 24 | $30.0M | $-112.4M | ||
| Q1 24 | $878.0M | $-249.6M |
| Q4 25 | -0.1% | 11.2% | ||
| Q3 25 | -6.4% | -14.0% | ||
| Q2 25 | 10.6% | -6.8% | ||
| Q1 25 | 32.1% | -4.8% | ||
| Q4 24 | -10.2% | 19.4% | ||
| Q3 24 | -6.6% | -22.1% | ||
| Q2 24 | 2.2% | -10.6% | ||
| Q1 24 | 30.2% | -30.2% |
| Q4 25 | 5.1% | 0.6% | ||
| Q3 25 | 3.6% | 0.5% | ||
| Q2 25 | 2.6% | 0.9% | ||
| Q1 25 | 2.2% | 0.3% | ||
| Q4 24 | 4.0% | 0.3% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | 3.3% | 0.2% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | 1.04× | 2.44× | ||
| Q3 25 | -0.67× | -2.79× | ||
| Q2 25 | 1.79× | -1.21× | ||
| Q1 25 | 2.11× | -0.81× | ||
| Q4 24 | -0.93× | 2.35× | ||
| Q3 24 | -0.30× | -2.90× | ||
| Q2 24 | 0.87× | -1.37× | ||
| Q1 24 | 1.60× | -4.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
