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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs -7.3%, a 12.1% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
DFH vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $58.8M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 6.4% | 2.5% |
| Net Margin | 4.8% | -7.3% |
| Revenue YoY | -22.3% | 3.1% |
| Net Profit YoY | -54.9% | 79.4% |
| EPS (diluted) | $0.57 | $-0.44 |
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 | — | ||
| Q3 25 | $969.8M | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $989.9M | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $827.8M | $1.3B |
| Q4 25 | $58.8M | — | ||
| Q3 25 | $47.0M | $-100.0M | ||
| Q2 25 | $56.6M | $-6.0M | ||
| Q1 25 | $54.9M | $0 | ||
| Q4 24 | $130.5M | $-71.0M | ||
| Q3 24 | $70.7M | $-485.0M | ||
| Q2 24 | $80.9M | $-68.0M | ||
| Q1 24 | $54.5M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | 19.2% | 33.4% | ||
| Q1 24 | 18.0% | 33.4% |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 6.3% | 2.5% | ||
| Q2 25 | 6.4% | 1.7% | ||
| Q1 25 | 7.2% | 4.3% | ||
| Q4 24 | 10.8% | -1.6% | ||
| Q3 24 | 9.2% | -38.6% | ||
| Q2 24 | 10.0% | 5.5% | ||
| Q1 24 | 8.6% | 7.6% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.8% | -7.3% | ||
| Q2 25 | 4.9% | -0.4% | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 8.4% | -5.3% | ||
| Q3 24 | 7.0% | -36.3% | ||
| Q2 24 | 7.7% | -5.1% | ||
| Q1 24 | 6.6% | -3.0% |
| Q4 25 | $0.57 | — | ||
| Q3 25 | $0.47 | $-0.44 | ||
| Q2 25 | $0.56 | $-0.03 | ||
| Q1 25 | $0.54 | $0.01 | ||
| Q4 24 | $1.28 | $-0.52 | ||
| Q3 24 | $0.70 | $-2.44 | ||
| Q2 24 | $0.81 | $-0.46 | ||
| Q1 24 | $0.55 | $-0.28 |
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 | $8.4B |
| Total Assets | $3.7B | $19.2B |
| 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 | $173.0M | ||
| Q3 24 | $204.9M | $409.0M | ||
| Q2 24 | $274.8M | $73.0M | ||
| 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 | — | ||
| Q3 25 | $1.4B | $8.4B | ||
| Q2 25 | $1.3B | $8.6B | ||
| Q1 25 | $1.3B | $8.6B | ||
| Q4 24 | $1.2B | $8.6B | ||
| Q3 24 | $1.1B | $9.0B | ||
| Q2 24 | $1.0B | $4.9B | ||
| Q1 24 | $968.7M | $5.6B |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $19.2B | ||
| Q2 25 | $3.7B | $19.4B | ||
| Q1 25 | $3.5B | $18.8B | ||
| Q4 24 | $3.3B | $18.7B | ||
| Q3 24 | $3.3B | $19.3B | ||
| Q2 24 | $3.0B | $18.8B | ||
| Q1 24 | $2.7B | — |
| 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 | $230.0M |
| Free Cash FlowOCF − Capex | $136.0M | $35.0M |
| FCF MarginFCF / Revenue | 11.2% | 2.5% |
| Capex IntensityCapex / Revenue | 0.6% | 14.2% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | — | ||
| Q3 25 | $-131.0M | $230.0M | ||
| Q2 25 | $-68.5M | $258.0M | ||
| Q1 25 | $-44.7M | $139.0M | ||
| Q4 24 | $306.5M | — | ||
| Q3 24 | $-205.0M | $186.0M | ||
| Q2 24 | $-110.6M | $155.0M | ||
| Q1 24 | $-247.5M | $105.0M |
| Q4 25 | $136.0M | — | ||
| Q3 25 | $-135.7M | $35.0M | ||
| Q2 25 | $-78.8M | $95.0M | ||
| Q1 25 | $-47.9M | $-12.0M | ||
| Q4 24 | $302.6M | — | ||
| Q3 24 | $-222.5M | $33.0M | ||
| Q2 24 | $-112.4M | $-31.0M | ||
| Q1 24 | $-249.6M | $-42.0M |
| Q4 25 | 11.2% | — | ||
| Q3 25 | -14.0% | 2.5% | ||
| Q2 25 | -6.8% | 7.0% | ||
| Q1 25 | -4.8% | -0.9% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | -22.1% | 2.5% | ||
| Q2 24 | -10.6% | -2.3% | ||
| Q1 24 | -30.2% | -3.2% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.5% | 14.2% | ||
| Q2 25 | 0.9% | 12.1% | ||
| Q1 25 | 0.3% | 11.7% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 1.7% | 11.5% | ||
| Q2 24 | 0.2% | 13.9% | ||
| Q1 24 | 0.3% | 11.1% |
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | — | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
