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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.0× Dream Finders Homes, Inc.). Graham Holdings Co runs the higher net margin — 8.7% vs 4.8%, a 3.8% gap on every dollar of revenue. On growth, Graham Holdings Co posted the faster year-over-year revenue change (0.4% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $5.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 4.2%).
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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
DFH vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $58.8M | $108.7M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 3.8% |
| Net Margin | 4.8% | 8.7% |
| Revenue YoY | -22.3% | 0.4% |
| Net Profit YoY | -54.9% | -80.2% |
| EPS (diluted) | $0.57 | $24.76 |
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 | $1.3B | ||
| Q3 25 | $969.8M | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $989.9M | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $827.8M | $1.2B |
| Q4 25 | $58.8M | $108.7M | ||
| Q3 25 | $47.0M | $122.9M | ||
| Q2 25 | $56.6M | $36.7M | ||
| Q1 25 | $54.9M | $23.9M | ||
| Q4 24 | $130.5M | $548.8M | ||
| Q3 24 | $70.7M | $72.5M | ||
| Q2 24 | $80.9M | $-21.0M | ||
| Q1 24 | $54.5M | $124.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | 3.8% | ||
| Q3 25 | 6.3% | 5.2% | ||
| Q2 25 | 6.4% | 6.0% | ||
| Q1 25 | 7.2% | 4.1% | ||
| Q4 24 | 10.8% | 5.8% | ||
| Q3 24 | 9.2% | 6.8% | ||
| Q2 24 | 10.0% | 2.2% | ||
| Q1 24 | 8.6% | 3.1% |
| Q4 25 | 4.8% | 8.7% | ||
| Q3 25 | 4.8% | 9.6% | ||
| Q2 25 | 4.9% | 3.0% | ||
| Q1 25 | 5.5% | 2.0% | ||
| Q4 24 | 8.4% | 44.1% | ||
| Q3 24 | 7.0% | 6.0% | ||
| Q2 24 | 7.7% | -1.8% | ||
| Q1 24 | 6.6% | 10.8% |
| Q4 25 | $0.57 | $24.76 | ||
| Q3 25 | $0.47 | $27.91 | ||
| Q2 25 | $0.56 | $8.35 | ||
| Q1 25 | $0.54 | $5.45 | ||
| Q4 24 | $1.28 | $124.05 | ||
| Q3 24 | $0.70 | $16.42 | ||
| Q2 24 | $0.81 | $-4.79 | ||
| Q1 24 | $0.55 | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $4.8B |
| Total Assets | $3.7B | $8.4B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $267.0M | ||
| Q3 25 | $251.0M | $190.8M | ||
| Q2 25 | $210.3M | $176.2M | ||
| Q1 25 | $297.5M | $156.7M | ||
| Q4 24 | $274.4M | $260.9M | ||
| Q3 24 | $204.9M | $244.4M | ||
| Q2 24 | $274.8M | $140.7M | ||
| Q1 24 | $239.4M | $130.9M |
| 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 | $4.8B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | $1.3B | $4.4B | ||
| Q1 25 | $1.3B | $4.3B | ||
| Q4 24 | $1.2B | $4.3B | ||
| Q3 24 | $1.1B | $4.0B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $968.7M | $4.0B |
| Q4 25 | $3.7B | $8.4B | ||
| Q3 25 | $3.8B | $7.9B | ||
| Q2 25 | $3.7B | $7.6B | ||
| Q1 25 | $3.5B | $7.6B | ||
| Q4 24 | $3.3B | $7.7B | ||
| Q3 24 | $3.3B | $7.4B | ||
| Q2 24 | $3.0B | $7.2B | ||
| Q1 24 | $2.7B | $7.3B |
| 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 | $28.3M |
| Free Cash FlowOCF − Capex | $136.0M | $5.0M |
| FCF MarginFCF / Revenue | 11.2% | 0.4% |
| Capex IntensityCapex / Revenue | 0.6% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.44× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $28.3M | ||
| Q3 25 | $-131.0M | $178.1M | ||
| Q2 25 | $-68.5M | $94.8M | ||
| Q1 25 | $-44.7M | $46.0M | ||
| Q4 24 | $306.5M | $116.3M | ||
| Q3 24 | $-205.0M | $237.6M | ||
| Q2 24 | $-110.6M | $52.0M | ||
| Q1 24 | $-247.5M | $1.1M |
| Q4 25 | $136.0M | $5.0M | ||
| Q3 25 | $-135.7M | $161.8M | ||
| Q2 25 | $-78.8M | $78.0M | ||
| Q1 25 | $-47.9M | $30.5M | ||
| Q4 24 | $302.6M | $91.1M | ||
| Q3 24 | $-222.5M | $219.4M | ||
| Q2 24 | $-112.4M | $33.7M | ||
| Q1 24 | $-249.6M | $-20.2M |
| Q4 25 | 11.2% | 0.4% | ||
| Q3 25 | -14.0% | 12.6% | ||
| Q2 25 | -6.8% | 6.4% | ||
| Q1 25 | -4.8% | 2.6% | ||
| Q4 24 | 19.4% | 7.3% | ||
| Q3 24 | -22.1% | 18.2% | ||
| Q2 24 | -10.6% | 2.8% | ||
| Q1 24 | -30.2% | -1.8% |
| Q4 25 | 0.6% | 1.9% | ||
| Q3 25 | 0.5% | 1.3% | ||
| Q2 25 | 0.9% | 1.4% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 0.3% | 2.0% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 0.2% | 1.5% | ||
| Q1 24 | 0.3% | 1.8% |
| Q4 25 | 2.44× | 0.26× | ||
| Q3 25 | -2.79× | 1.45× | ||
| Q2 25 | -1.21× | 2.58× | ||
| Q1 25 | -0.81× | 1.93× | ||
| Q4 24 | 2.35× | 0.21× | ||
| Q3 24 | -2.90× | 3.28× | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
