vs

Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.

Brookfield Property Partners L.P. is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs -2.6%, a 7.4% gap on every dollar of revenue. On growth, Dream Finders Homes, Inc. posted the faster year-over-year revenue change (-22.3% vs -25.6%).

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

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.

BPYPP vs DFH — Head-to-Head

Bigger by revenue
BPYPP
BPYPP
1.5× larger
BPYPP
$1.8B
$1.2B
DFH
Growing faster (revenue YoY)
DFH
DFH
+3.4% gap
DFH
-22.3%
-25.6%
BPYPP
Higher net margin
DFH
DFH
7.4% more per $
DFH
4.8%
-2.6%
BPYPP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BPYPP
BPYPP
DFH
DFH
Revenue
$1.8B
$1.2B
Net Profit
$-46.0M
$58.8M
Gross Margin
Operating Margin
6.4%
Net Margin
-2.6%
4.8%
Revenue YoY
-25.6%
-22.3%
Net Profit YoY
94.2%
-54.9%
EPS (diluted)
$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.

Revenue
BPYPP
BPYPP
DFH
DFH
Q4 25
$1.2B
Q3 25
$969.8M
Q2 25
$1.8B
$1.2B
Q1 25
$989.9M
Q4 24
$1.6B
Q3 24
$1.0B
Q2 24
$2.4B
$1.1B
Q1 24
$827.8M
Net Profit
BPYPP
BPYPP
DFH
DFH
Q4 25
$58.8M
Q3 25
$47.0M
Q2 25
$-46.0M
$56.6M
Q1 25
$54.9M
Q4 24
$130.5M
Q3 24
$70.7M
Q2 24
$-789.0M
$80.9M
Q1 24
$54.5M
Gross Margin
BPYPP
BPYPP
DFH
DFH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
19.2%
Q1 24
18.0%
Operating Margin
BPYPP
BPYPP
DFH
DFH
Q4 25
6.4%
Q3 25
6.3%
Q2 25
6.4%
Q1 25
7.2%
Q4 24
10.8%
Q3 24
9.2%
Q2 24
10.0%
Q1 24
8.6%
Net Margin
BPYPP
BPYPP
DFH
DFH
Q4 25
4.8%
Q3 25
4.8%
Q2 25
-2.6%
4.9%
Q1 25
5.5%
Q4 24
8.4%
Q3 24
7.0%
Q2 24
-32.6%
7.7%
Q1 24
6.6%
EPS (diluted)
BPYPP
BPYPP
DFH
DFH
Q4 25
$0.57
Q3 25
$0.47
Q2 25
$0.56
Q1 25
$0.54
Q4 24
$1.28
Q3 24
$0.70
Q2 24
$0.81
Q1 24
$0.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BPYPP
BPYPP
DFH
DFH
Cash + ST InvestmentsLiquidity on hand
$1.7B
$234.8M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$40.2B
$1.4B
Total Assets
$98.9B
$3.7B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BPYPP
BPYPP
DFH
DFH
Q4 25
$234.8M
Q3 25
$251.0M
Q2 25
$1.7B
$210.3M
Q1 25
$297.5M
Q4 24
$274.4M
Q3 24
$204.9M
Q2 24
$2.4B
$274.8M
Q1 24
$239.4M
Total Debt
BPYPP
BPYPP
DFH
DFH
Q4 25
$1.6B
Q3 25
$1.8B
Q2 25
Q1 25
Q4 24
$1.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BPYPP
BPYPP
DFH
DFH
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$40.2B
$1.3B
Q1 25
$1.3B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$48.5B
$1.0B
Q1 24
$968.7M
Total Assets
BPYPP
BPYPP
DFH
DFH
Q4 25
$3.7B
Q3 25
$3.8B
Q2 25
$98.9B
$3.7B
Q1 25
$3.5B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$132.6B
$3.0B
Q1 24
$2.7B
Debt / Equity
BPYPP
BPYPP
DFH
DFH
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
BPYPP
BPYPP
DFH
DFH
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
BPYPP
BPYPP
DFH
DFH
Q4 25
$143.6M
Q3 25
$-131.0M
Q2 25
$-68.5M
Q1 25
$-44.7M
Q4 24
$306.5M
Q3 24
$-205.0M
Q2 24
$-110.6M
Q1 24
$-247.5M
Free Cash Flow
BPYPP
BPYPP
DFH
DFH
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
FCF Margin
BPYPP
BPYPP
DFH
DFH
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%
Capex Intensity
BPYPP
BPYPP
DFH
DFH
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%
Cash Conversion
BPYPP
BPYPP
DFH
DFH
Q4 25
2.44×
Q3 25
-2.79×
Q2 25
-1.21×
Q1 25
-0.81×
Q4 24
2.35×
Q3 24
-2.90×
Q2 24
-1.37×
Q1 24
-4.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BPYPP
BPYPP

Segment breakdown not available.

DFH
DFH

Midwest Segment$454.2M37%
Southeast Segment$397.5M33%
Mid Atlantic Segment$307.3M25%
Financial Services Segment$53.7M4%

Related Comparisons