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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and KB HOME (KBH). Click either name above to swap in a different company.
KB HOME is the larger business by last-quarter revenue ($1.7B vs $1.2B, roughly 1.4× Dream Finders Homes, Inc.). KB HOME runs the higher net margin — 6.0% vs 4.8%, a 1.1% gap on every dollar of revenue. On growth, KB HOME posted the faster year-over-year revenue change (-15.3% vs -22.3%). KB HOME produced more free cash flow last quarter ($290.1M vs $136.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 7.4%).
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.
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
DFH vs KBH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.7B |
| Net Profit | $58.8M | $101.5M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | — |
| Net Margin | 4.8% | 6.0% |
| Revenue YoY | -22.3% | -15.3% |
| Net Profit YoY | -54.9% | -46.7% |
| EPS (diluted) | $0.57 | $1.55 |
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 | $1.7B | ||
| Q3 25 | $969.8M | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $989.9M | $1.4B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $827.8M | $1.5B |
| Q4 25 | $58.8M | $101.5M | ||
| Q3 25 | $47.0M | $109.8M | ||
| Q2 25 | $56.6M | $107.9M | ||
| Q1 25 | $54.9M | $109.6M | ||
| Q4 24 | $130.5M | $190.6M | ||
| Q3 24 | $70.7M | $157.3M | ||
| Q2 24 | $80.9M | $168.4M | ||
| Q1 24 | $54.5M | $138.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| 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% | — |
| Q4 25 | 4.8% | 6.0% | ||
| Q3 25 | 4.8% | 6.8% | ||
| Q2 25 | 4.9% | 7.1% | ||
| Q1 25 | 5.5% | 7.9% | ||
| Q4 24 | 8.4% | 9.5% | ||
| Q3 24 | 7.0% | 9.0% | ||
| Q2 24 | 7.7% | 9.9% | ||
| Q1 24 | 6.6% | 9.4% |
| Q4 25 | $0.57 | $1.55 | ||
| Q3 25 | $0.47 | $1.61 | ||
| Q2 25 | $0.56 | $1.50 | ||
| Q1 25 | $0.54 | $1.49 | ||
| Q4 24 | $1.28 | $2.50 | ||
| Q3 24 | $0.70 | $2.04 | ||
| Q2 24 | $0.81 | $2.15 | ||
| Q1 24 | $0.55 | $1.76 |
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 | $3.9B |
| Total Assets | $3.7B | $6.7B |
| 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 | $3.9B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $1.3B | $4.0B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.2B | $4.1B | ||
| Q3 24 | $1.1B | $4.0B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $968.7M | $3.9B |
| Q4 25 | $3.7B | $6.7B | ||
| Q3 25 | $3.8B | $7.0B | ||
| Q2 25 | $3.7B | $7.0B | ||
| Q1 25 | $3.5B | $7.0B | ||
| Q4 24 | $3.3B | $6.9B | ||
| Q3 24 | $3.3B | $6.8B | ||
| Q2 24 | $3.0B | $6.8B | ||
| Q1 24 | $2.7B | $6.7B |
| 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 | $303.8M |
| Free Cash FlowOCF − Capex | $136.0M | $290.1M |
| FCF MarginFCF / Revenue | 11.2% | 17.1% |
| Capex IntensityCapex / Revenue | 0.6% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.44× | 2.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $287.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $303.8M | ||
| Q3 25 | $-131.0M | $197.7M | ||
| Q2 25 | $-68.5M | $168.4M | ||
| Q1 25 | $-44.7M | $-334.3M | ||
| Q4 24 | $306.5M | $362.6M | ||
| Q3 24 | $-205.0M | $-89.9M | ||
| Q2 24 | $-110.6M | $61.5M | ||
| Q1 24 | $-247.5M | $28.5M |
| Q4 25 | $136.0M | $290.1M | ||
| Q3 25 | $-135.7M | $185.8M | ||
| Q2 25 | $-78.8M | $156.9M | ||
| Q1 25 | $-47.9M | $-345.5M | ||
| Q4 24 | $302.6M | $352.6M | ||
| Q3 24 | $-222.5M | $-99.4M | ||
| Q2 24 | $-112.4M | $51.2M | ||
| Q1 24 | $-249.6M | $19.1M |
| Q4 25 | 11.2% | 17.1% | ||
| Q3 25 | -14.0% | 11.5% | ||
| Q2 25 | -6.8% | 10.3% | ||
| Q1 25 | -4.8% | -24.8% | ||
| Q4 24 | 19.4% | 17.6% | ||
| Q3 24 | -22.1% | -5.7% | ||
| Q2 24 | -10.6% | 3.0% | ||
| Q1 24 | -30.2% | 1.3% |
| Q4 25 | 0.6% | 0.8% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.9% | 0.8% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 0.2% | 0.6% | ||
| Q1 24 | 0.3% | 0.6% |
| Q4 25 | 2.44× | 2.99× | ||
| Q3 25 | -2.79× | 1.80× | ||
| Q2 25 | -1.21× | 1.56× | ||
| Q1 25 | -0.81× | -3.05× | ||
| Q4 24 | 2.35× | 1.90× | ||
| Q3 24 | -2.90× | -0.57× | ||
| Q2 24 | -1.37× | 0.37× | ||
| Q1 24 | -4.54× | 0.21× |
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% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
