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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.

GRAPHIC PACKAGING HOLDING CO is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs 3.4%, a 1.5% gap on every dollar of revenue. On growth, GRAPHIC PACKAGING HOLDING CO posted the faster year-over-year revenue change (0.2% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs -3.5%).

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.

Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...

DFH vs GPK — Head-to-Head

Bigger by revenue
GPK
GPK
1.7× larger
GPK
$2.1B
$1.2B
DFH
Growing faster (revenue YoY)
GPK
GPK
+22.5% gap
GPK
0.2%
-22.3%
DFH
Higher net margin
DFH
DFH
1.5% more per $
DFH
4.8%
3.4%
GPK
Faster 2-yr revenue CAGR
DFH
DFH
Annualised
DFH
21.0%
-3.5%
GPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFH
DFH
GPK
GPK
Revenue
$1.2B
$2.1B
Net Profit
$58.8M
$71.0M
Gross Margin
14.1%
Operating Margin
6.4%
7.4%
Net Margin
4.8%
3.4%
Revenue YoY
-22.3%
0.2%
Net Profit YoY
-54.9%
-48.6%
EPS (diluted)
$0.57
$0.24

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
DFH
DFH
GPK
GPK
Q4 25
$1.2B
$2.1B
Q3 25
$969.8M
$2.2B
Q2 25
$1.2B
$2.2B
Q1 25
$989.9M
$2.1B
Q4 24
$1.6B
$2.1B
Q3 24
$1.0B
$2.2B
Q2 24
$1.1B
$2.2B
Q1 24
$827.8M
$2.3B
Net Profit
DFH
DFH
GPK
GPK
Q4 25
$58.8M
$71.0M
Q3 25
$47.0M
$142.0M
Q2 25
$56.6M
$104.0M
Q1 25
$54.9M
$127.0M
Q4 24
$130.5M
$138.0M
Q3 24
$70.7M
$165.0M
Q2 24
$80.9M
$190.0M
Q1 24
$54.5M
$165.0M
Gross Margin
DFH
DFH
GPK
GPK
Q4 25
14.1%
Q3 25
19.6%
Q2 25
18.7%
Q1 25
20.6%
Q4 24
21.4%
Q3 24
22.3%
Q2 24
19.2%
21.2%
Q1 24
18.0%
23.0%
Operating Margin
DFH
DFH
GPK
GPK
Q4 25
6.4%
7.4%
Q3 25
6.3%
10.7%
Q2 25
6.4%
8.8%
Q1 25
7.2%
10.5%
Q4 24
10.8%
11.4%
Q3 24
9.2%
12.6%
Q2 24
10.0%
14.5%
Q1 24
8.6%
12.4%
Net Margin
DFH
DFH
GPK
GPK
Q4 25
4.8%
3.4%
Q3 25
4.8%
6.5%
Q2 25
4.9%
4.7%
Q1 25
5.5%
6.0%
Q4 24
8.4%
6.6%
Q3 24
7.0%
7.5%
Q2 24
7.7%
8.5%
Q1 24
6.6%
7.3%
EPS (diluted)
DFH
DFH
GPK
GPK
Q4 25
$0.57
$0.24
Q3 25
$0.47
$0.48
Q2 25
$0.56
$0.34
Q1 25
$0.54
$0.42
Q4 24
$1.28
$0.46
Q3 24
$0.70
$0.55
Q2 24
$0.81
$0.62
Q1 24
$0.55
$0.53

Balance Sheet & Financial Strength

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

Metric
DFH
DFH
GPK
GPK
Cash + ST InvestmentsLiquidity on hand
$234.8M
$261.0M
Total DebtLower is stronger
$1.6B
$5.0B
Stockholders' EquityBook value
$1.4B
$3.3B
Total Assets
$3.7B
$11.8B
Debt / EquityLower = less leverage
1.13×
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFH
DFH
GPK
GPK
Q4 25
$234.8M
$261.0M
Q3 25
$251.0M
$120.0M
Q2 25
$210.3M
$120.0M
Q1 25
$297.5M
$129.0M
Q4 24
$274.4M
$157.0M
Q3 24
$204.9M
$126.0M
Q2 24
$274.8M
$125.0M
Q1 24
$239.4M
$136.0M
Total Debt
DFH
DFH
GPK
GPK
Q4 25
$1.6B
$5.0B
Q3 25
$1.8B
$5.5B
Q2 25
$5.4B
Q1 25
$5.7B
Q4 24
$1.3B
$5.1B
Q3 24
$5.4B
Q2 24
$4.9B
Q1 24
$4.9B
Stockholders' Equity
DFH
DFH
GPK
GPK
Q4 25
$1.4B
$3.3B
Q3 25
$1.4B
$3.3B
Q2 25
$1.3B
$3.2B
Q1 25
$1.3B
$3.2B
Q4 24
$1.2B
$3.0B
Q3 24
$1.1B
$3.0B
Q2 24
$1.0B
$2.8B
Q1 24
$968.7M
$2.9B
Total Assets
DFH
DFH
GPK
GPK
Q4 25
$3.7B
$11.8B
Q3 25
$3.8B
$11.9B
Q2 25
$3.7B
$11.8B
Q1 25
$3.5B
$11.5B
Q4 24
$3.3B
$11.1B
Q3 24
$3.3B
$11.2B
Q2 24
$3.0B
$10.8B
Q1 24
$2.7B
$11.3B
Debt / Equity
DFH
DFH
GPK
GPK
Q4 25
1.13×
1.51×
Q3 25
1.29×
1.67×
Q2 25
1.68×
Q1 25
1.80×
Q4 24
1.03×
1.71×
Q3 24
1.79×
Q2 24
1.75×
Q1 24
1.73×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DFH
DFH
GPK
GPK
Operating Cash FlowLast quarter
$143.6M
$521.0M
Free Cash FlowOCF − Capex
$136.0M
FCF MarginFCF / Revenue
11.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
2.44×
7.34×
TTM Free Cash FlowTrailing 4 quarters
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFH
DFH
GPK
GPK
Q4 25
$143.6M
$521.0M
Q3 25
$-131.0M
$227.0M
Q2 25
$-68.5M
$267.0M
Q1 25
$-44.7M
$-174.0M
Q4 24
$306.5M
$489.0M
Q3 24
$-205.0M
$187.0M
Q2 24
$-110.6M
$161.0M
Q1 24
$-247.5M
$3.0M
Free Cash Flow
DFH
DFH
GPK
GPK
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
DFH
DFH
GPK
GPK
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
DFH
DFH
GPK
GPK
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
DFH
DFH
GPK
GPK
Q4 25
2.44×
7.34×
Q3 25
-2.79×
1.60×
Q2 25
-1.21×
2.57×
Q1 25
-0.81×
-1.37×
Q4 24
2.35×
3.54×
Q3 24
-2.90×
1.13×
Q2 24
-1.37×
0.85×
Q1 24
-4.54×
0.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DFH
DFH

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

GPK
GPK

Americas Paperboard Packaging$1.4B68%
Other$667.0M32%

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