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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Dream Finders Homes, Inc.). Digital Realty runs the higher net margin — 6.0% vs 4.8%, a 1.2% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 9.8%).
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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
DFH vs DLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $58.8M | $98.6M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 6.9% |
| Net Margin | 4.8% | 6.0% |
| Revenue YoY | -22.3% | 16.1% |
| Net Profit YoY | -54.9% | -10.3% |
| EPS (diluted) | $0.57 | $0.22 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $969.8M | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $989.9M | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $58.8M | $98.6M | ||
| Q3 25 | $47.0M | $67.8M | ||
| Q2 25 | $56.6M | $1.0B | ||
| Q1 25 | $54.9M | $110.0M | ||
| Q4 24 | $130.5M | $189.6M | ||
| Q3 24 | $70.7M | $51.2M | ||
| Q2 24 | $80.9M | $80.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 6.4% | 6.9% | ||
| Q3 25 | 6.3% | 8.8% | ||
| Q2 25 | 6.4% | 14.2% | ||
| Q1 25 | 7.2% | 13.9% | ||
| Q4 24 | 10.8% | 10.1% | ||
| Q3 24 | 9.2% | 11.8% | ||
| Q2 24 | 10.0% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 4.8% | 6.0% | ||
| Q3 25 | 4.8% | 4.3% | ||
| Q2 25 | 4.9% | 69.1% | ||
| Q1 25 | 5.5% | 7.8% | ||
| Q4 24 | 8.4% | 13.2% | ||
| Q3 24 | 7.0% | 3.6% | ||
| Q2 24 | 7.7% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $0.57 | $0.22 | ||
| Q3 25 | $0.47 | $0.15 | ||
| Q2 25 | $0.56 | $2.94 | ||
| Q1 25 | $0.54 | $0.27 | ||
| Q4 24 | $1.28 | $0.50 | ||
| Q3 24 | $0.70 | $0.09 | ||
| Q2 24 | $0.81 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $234.8M | $3.5B |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $22.9B |
| Total Assets | $3.7B | $49.4B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $234.8M | $3.5B | ||
| Q3 25 | $251.0M | $3.3B | ||
| Q2 25 | $210.3M | $3.6B | ||
| Q1 25 | $297.5M | $2.3B | ||
| Q4 24 | $274.4M | $3.9B | ||
| Q3 24 | $204.9M | $2.2B | ||
| Q2 24 | $274.8M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $22.9B | ||
| Q4 25 | $1.4B | $22.9B | ||
| Q3 25 | $1.4B | $23.0B | ||
| Q2 25 | $1.3B | $22.9B | ||
| Q1 25 | $1.3B | $21.3B | ||
| Q4 24 | $1.2B | $21.3B | ||
| Q3 24 | $1.1B | $21.2B | ||
| Q2 24 | $1.0B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $3.7B | $49.4B | ||
| Q3 25 | $3.8B | $48.7B | ||
| Q2 25 | $3.7B | $48.7B | ||
| Q1 25 | $3.5B | $45.1B | ||
| Q4 24 | $3.3B | $45.3B | ||
| Q3 24 | $3.3B | $45.3B | ||
| Q2 24 | $3.0B | $43.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $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.
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $719.0M | ||
| Q3 25 | $-131.0M | $652.9M | ||
| Q2 25 | $-68.5M | $641.2M | ||
| Q1 25 | $-44.7M | $399.1M | ||
| Q4 24 | $306.5M | $769.5M | ||
| Q3 24 | $-205.0M | $566.5M | ||
| Q2 24 | $-110.6M | $573.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 2.44× | 7.29× | ||
| Q3 25 | -2.79× | 9.63× | ||
| Q2 25 | -1.21× | 0.62× | ||
| Q1 25 | -0.81× | 3.63× | ||
| Q4 24 | 2.35× | 4.06× | ||
| Q3 24 | -2.90× | 11.07× | ||
| Q2 24 | -1.37× | 7.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
DLR
Segment breakdown not available.
