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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.
Dream Finders Homes, Inc. is the larger business by last-quarter revenue ($1.2B vs $975.0M, roughly 1.2× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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.
BFH vs DFH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.2B |
| Net Profit | — | $58.8M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 6.4% |
| Net Margin | — | 4.8% |
| Revenue YoY | 5.4% | -22.3% |
| Net Profit YoY | — | -54.9% |
| EPS (diluted) | $1.21 | $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 | $975.0M | $1.2B | ||
| Q3 25 | $971.0M | $969.8M | ||
| Q2 25 | $929.0M | $1.2B | ||
| Q1 25 | $970.0M | $989.9M | ||
| Q4 24 | $925.0M | $1.6B | ||
| Q3 24 | $983.0M | $1.0B | ||
| Q2 24 | $939.0M | $1.1B | ||
| Q1 24 | $991.0M | $827.8M |
| Q4 25 | — | $58.8M | ||
| Q3 25 | $188.0M | $47.0M | ||
| Q2 25 | $139.0M | $56.6M | ||
| Q1 25 | $138.0M | $54.9M | ||
| Q4 24 | — | $130.5M | ||
| Q3 24 | $2.0M | $70.7M | ||
| Q2 24 | $133.0M | $80.9M | ||
| Q1 24 | $134.0M | $54.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.0% |
| Q4 25 | 4.9% | 6.4% | ||
| Q3 25 | 20.2% | 6.3% | ||
| Q2 25 | 18.7% | 6.4% | ||
| Q1 25 | 20.3% | 7.2% | ||
| Q4 24 | -2.9% | 10.8% | ||
| Q3 24 | 4.1% | 9.2% | ||
| Q2 24 | 19.2% | 10.0% | ||
| Q1 24 | 19.0% | 8.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 19.4% | 4.8% | ||
| Q2 25 | 15.0% | 4.9% | ||
| Q1 25 | 14.2% | 5.5% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 0.2% | 7.0% | ||
| Q2 24 | 14.2% | 7.7% | ||
| Q1 24 | 13.5% | 6.6% |
| Q4 25 | $1.21 | $0.57 | ||
| Q3 25 | $3.96 | $0.47 | ||
| Q2 25 | $2.94 | $0.56 | ||
| Q1 25 | $2.78 | $0.54 | ||
| Q4 24 | $0.08 | $1.28 | ||
| Q3 24 | $0.05 | $0.70 | ||
| Q2 24 | $2.66 | $0.81 | ||
| Q1 24 | $2.70 | $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 | $3.6B | $234.8M |
| Total DebtLower is stronger | $4.3B | $1.6B |
| Stockholders' EquityBook value | $3.3B | $1.4B |
| Total Assets | $22.7B | $3.7B |
| Debt / EquityLower = less leverage | 1.29× | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $234.8M | ||
| Q3 25 | $3.8B | $251.0M | ||
| Q2 25 | $3.8B | $210.3M | ||
| Q1 25 | $4.2B | $297.5M | ||
| Q4 24 | $4.0B | $274.4M | ||
| Q3 24 | $3.5B | $204.9M | ||
| Q2 24 | $4.1B | $274.8M | ||
| Q1 24 | $3.8B | $239.4M |
| Q4 25 | $4.3B | $1.6B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | $1.3B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $1.4B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.2B | $1.3B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $3.2B | $1.0B | ||
| Q1 24 | $3.0B | $968.7M |
| Q4 25 | $22.7B | $3.7B | ||
| Q3 25 | $21.7B | $3.8B | ||
| Q2 25 | $21.8B | $3.7B | ||
| Q1 25 | $22.4B | $3.5B | ||
| Q4 24 | $22.9B | $3.3B | ||
| Q3 24 | $21.7B | $3.3B | ||
| Q2 24 | $22.1B | $3.0B | ||
| Q1 24 | $22.3B | $2.7B |
| Q4 25 | 1.29× | 1.13× | ||
| Q3 25 | 1.14× | 1.29× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | 1.03× | ||
| Q3 24 | 1.47× | — | ||
| 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 | $568.0M | $143.6M |
| Free Cash FlowOCF − Capex | — | $136.0M |
| FCF MarginFCF / Revenue | — | 11.2% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $143.6M | ||
| Q3 25 | $605.0M | $-131.0M | ||
| Q2 25 | $526.0M | $-68.5M | ||
| Q1 25 | $393.0M | $-44.7M | ||
| Q4 24 | $479.0M | $306.5M | ||
| Q3 24 | $456.0M | $-205.0M | ||
| Q2 24 | $477.0M | $-110.6M | ||
| Q1 24 | $447.0M | $-247.5M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $-135.7M | ||
| Q2 25 | — | $-78.8M | ||
| Q1 25 | — | $-47.9M | ||
| Q4 24 | — | $302.6M | ||
| Q3 24 | — | $-222.5M | ||
| Q2 24 | — | $-112.4M | ||
| Q1 24 | — | $-249.6M |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | -22.1% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -30.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 2.44× | ||
| Q3 25 | 3.22× | -2.79× | ||
| Q2 25 | 3.78× | -1.21× | ||
| Q1 25 | 2.85× | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 228.00× | -2.90× | ||
| Q2 24 | 3.59× | -1.37× | ||
| Q1 24 | 3.34× | -4.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
