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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Liberty Energy Inc. (LBRT). 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 $1.0B, roughly 1.2× Liberty Energy Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs 2.2%, a 2.6% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
DFH vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $58.8M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 2.2% |
| Net Margin | 4.8% | 2.2% |
| Revenue YoY | -22.3% | 4.5% |
| Net Profit YoY | -54.9% | 64.8% |
| EPS (diluted) | $0.57 | $0.14 |
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 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $969.8M | $947.4M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $989.9M | $977.5M | ||
| Q4 24 | $1.6B | $943.6M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $58.8M | $13.7M | ||
| Q3 25 | $47.0M | $43.1M | ||
| Q2 25 | $56.6M | $71.0M | ||
| Q1 25 | $54.9M | $20.1M | ||
| Q4 24 | $130.5M | $51.9M | ||
| Q3 24 | $70.7M | $73.8M | ||
| Q2 24 | $80.9M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | 19.2% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.4% | 1.9% | ||
| Q3 25 | 6.3% | -0.3% | ||
| Q2 25 | 6.4% | 3.6% | ||
| Q1 25 | 7.2% | 1.9% | ||
| Q4 24 | 10.8% | 2.6% | ||
| Q3 24 | 9.2% | 9.4% | ||
| Q2 24 | 10.0% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 4.8% | 1.3% | ||
| Q3 25 | 4.8% | 4.5% | ||
| Q2 25 | 4.9% | 6.8% | ||
| Q1 25 | 5.5% | 2.1% | ||
| Q4 24 | 8.4% | 5.5% | ||
| Q3 24 | 7.0% | 6.5% | ||
| Q2 24 | 7.7% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.57 | $0.08 | ||
| Q3 25 | $0.47 | $0.26 | ||
| Q2 25 | $0.56 | $0.43 | ||
| Q1 25 | $0.54 | $0.12 | ||
| Q4 24 | $1.28 | $0.31 | ||
| Q3 24 | $0.70 | $0.44 | ||
| Q2 24 | $0.81 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $1.6B | $7.1M |
| Stockholders' EquityBook value | $1.4B | $1.9B |
| Total Assets | $3.7B | $4.4B |
| Debt / EquityLower = less leverage | 1.13× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $234.8M | $27.6M | ||
| Q3 25 | $251.0M | $13.5M | ||
| Q2 25 | $210.3M | $19.6M | ||
| Q1 25 | $297.5M | $24.1M | ||
| Q4 24 | $274.4M | $20.0M | ||
| Q3 24 | $204.9M | $23.0M | ||
| Q2 24 | $274.8M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.6B | $246.6M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $3.7B | $3.6B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $3.7B | $3.4B | ||
| Q1 25 | $3.5B | $3.4B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.3B | $3.3B | ||
| Q2 24 | $3.0B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.13× | 0.12× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 0.10× | ||
| 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% | 13.1% |
| 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 | $195.4M | ||
| Q3 25 | $-131.0M | $51.5M | ||
| Q2 25 | $-68.5M | $170.6M | ||
| Q1 25 | $-44.7M | $192.1M | ||
| Q4 24 | $306.5M | $177.3M | ||
| Q3 24 | $-205.0M | $244.5M | ||
| Q2 24 | $-110.6M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $-10.0M | ||
| Q3 25 | $-135.7M | $-67.2M | ||
| Q2 25 | $-78.8M | $33.1M | ||
| Q1 25 | $-47.9M | $58.2M | ||
| Q4 24 | $302.6M | $-26.2M | ||
| Q3 24 | $-222.5M | $77.9M | ||
| Q2 24 | $-112.4M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | -1.0% | ||
| Q3 25 | -14.0% | -7.1% | ||
| Q2 25 | -6.8% | 3.2% | ||
| Q1 25 | -4.8% | 6.0% | ||
| Q4 24 | 19.4% | -2.8% | ||
| Q3 24 | -22.1% | 6.8% | ||
| Q2 24 | -10.6% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 0.6% | 19.8% | ||
| Q3 25 | 0.5% | 12.5% | ||
| Q2 25 | 0.9% | 13.2% | ||
| Q1 25 | 0.3% | 13.7% | ||
| Q4 24 | 0.3% | 21.6% | ||
| Q3 24 | 1.7% | 14.6% | ||
| Q2 24 | 0.2% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 14.28× | ||
| Q3 25 | -2.79× | 1.20× | ||
| Q2 25 | -1.21× | 2.40× | ||
| Q1 25 | -0.81× | 9.55× | ||
| Q4 24 | 2.35× | 3.42× | ||
| Q3 24 | -2.90× | 3.31× | ||
| Q2 24 | -1.37× | 2.29× |
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% |
LBRT
Segment breakdown not available.
