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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and FIRST HORIZON CORP (FHN). 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 $888.0M, roughly 1.4× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 4.8%, a 24.5% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -22.3%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $136.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 20.0%).
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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
DFH vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $888.0M |
| Net Profit | $58.8M | $261.0M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 38.5% |
| Net Margin | 4.8% | 29.4% |
| Revenue YoY | -22.3% | 21.8% |
| Net Profit YoY | -54.9% | 57.2% |
| EPS (diluted) | $0.57 | $0.51 |
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 | $1.2B | $888.0M | ||
| Q3 25 | $969.8M | $889.0M | ||
| Q2 25 | $1.2B | $830.0M | ||
| Q1 25 | $989.9M | $812.0M | ||
| Q4 24 | $1.6B | $729.0M | ||
| Q3 24 | $1.0B | $827.0M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $827.8M | $819.0M |
| Q4 25 | $58.8M | $261.0M | ||
| Q3 25 | $47.0M | $262.0M | ||
| Q2 25 | $56.6M | $241.0M | ||
| Q1 25 | $54.9M | $218.0M | ||
| Q4 24 | $130.5M | $166.0M | ||
| Q3 24 | $70.7M | $218.0M | ||
| Q2 24 | $80.9M | — | ||
| Q1 24 | $54.5M | $192.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | 38.5% | ||
| Q3 25 | 6.3% | 38.7% | ||
| Q2 25 | 6.4% | 37.2% | ||
| Q1 25 | 7.2% | 35.1% | ||
| Q4 24 | 10.8% | 28.8% | ||
| Q3 24 | 9.2% | 34.0% | ||
| Q2 24 | 10.0% | — | ||
| Q1 24 | 8.6% | 31.0% |
| Q4 25 | 4.8% | 29.4% | ||
| Q3 25 | 4.8% | 29.5% | ||
| Q2 25 | 4.9% | 29.0% | ||
| Q1 25 | 5.5% | 26.8% | ||
| Q4 24 | 8.4% | 22.8% | ||
| Q3 24 | 7.0% | 26.4% | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 6.6% | 23.4% |
| Q4 25 | $0.57 | $0.51 | ||
| Q3 25 | $0.47 | $0.50 | ||
| Q2 25 | $0.56 | $0.45 | ||
| Q1 25 | $0.54 | $0.41 | ||
| Q4 24 | $1.28 | $0.29 | ||
| Q3 24 | $0.70 | $0.40 | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | $0.55 | $0.33 |
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 | — |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $8.8B |
| Total Assets | $3.7B | $83.9B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $210.3M | — | ||
| Q1 25 | $297.5M | — | ||
| Q4 24 | $274.4M | — | ||
| Q3 24 | $204.9M | — | ||
| Q2 24 | $274.8M | — | ||
| Q1 24 | $239.4M | — |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $8.8B | ||
| Q3 25 | $1.4B | $8.9B | ||
| Q2 25 | $1.3B | $9.0B | ||
| Q1 25 | $1.3B | $8.7B | ||
| Q4 24 | $1.2B | $8.8B | ||
| Q3 24 | $1.1B | $9.0B | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $968.7M | $8.9B |
| Q4 25 | $3.7B | $83.9B | ||
| Q3 25 | $3.8B | $83.2B | ||
| Q2 25 | $3.7B | $82.1B | ||
| Q1 25 | $3.5B | $81.5B | ||
| Q4 24 | $3.3B | $82.2B | ||
| Q3 24 | $3.3B | $82.6B | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.7B | $81.8B |
| 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 | $143.6M | $396.0M |
| Free Cash FlowOCF − Capex | $136.0M | $389.0M |
| FCF MarginFCF / Revenue | 11.2% | 43.8% |
| Capex IntensityCapex / Revenue | 0.6% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $396.0M | ||
| Q3 25 | $-131.0M | $-200.0M | ||
| Q2 25 | $-68.5M | $83.0M | ||
| Q1 25 | $-44.7M | $349.0M | ||
| Q4 24 | $306.5M | $191.0M | ||
| Q3 24 | $-205.0M | $389.0M | ||
| Q2 24 | $-110.6M | — | ||
| Q1 24 | $-247.5M | $838.0M |
| Q4 25 | $136.0M | $389.0M | ||
| Q3 25 | $-135.7M | $-208.0M | ||
| Q2 25 | $-78.8M | $74.0M | ||
| Q1 25 | $-47.9M | $340.0M | ||
| Q4 24 | $302.6M | $174.0M | ||
| Q3 24 | $-222.5M | $383.0M | ||
| Q2 24 | $-112.4M | — | ||
| Q1 24 | $-249.6M | $828.0M |
| Q4 25 | 11.2% | 43.8% | ||
| Q3 25 | -14.0% | -23.4% | ||
| Q2 25 | -6.8% | 8.9% | ||
| Q1 25 | -4.8% | 41.9% | ||
| Q4 24 | 19.4% | 23.9% | ||
| Q3 24 | -22.1% | 46.3% | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -30.2% | 101.1% |
| Q4 25 | 0.6% | 0.8% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | 0.3% | 2.3% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | 1.2% |
| Q4 25 | 2.44× | 1.52× | ||
| Q3 25 | -2.79× | -0.76× | ||
| Q2 25 | -1.21× | 0.34× | ||
| Q1 25 | -0.81× | 1.60× | ||
| Q4 24 | 2.35× | 1.15× | ||
| Q3 24 | -2.90× | 1.78× | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | 4.36× |
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% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
