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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× Dream Finders Homes, Inc.). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 4.8%, a 8.3% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs -22.3%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $136.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 9.8%).
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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
DFH vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $58.8M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 6.4% | 16.2% |
| Net Margin | 4.8% | 13.2% |
| Revenue YoY | -22.3% | 12.4% |
| Net Profit YoY | -54.9% | 100.4% |
| EPS (diluted) | $0.57 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $969.8M | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $989.9M | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $827.8M | $1.3B |
| Q4 25 | $58.8M | $202.5M | ||
| Q3 25 | $47.0M | $280.4M | ||
| Q2 25 | $56.6M | $166.5M | ||
| Q1 25 | $54.9M | $-108.3M | ||
| Q4 24 | $130.5M | $101.1M | ||
| Q3 24 | $70.7M | $230.9M | ||
| Q2 24 | $80.9M | $62.6M | ||
| Q1 24 | $54.5M | $73.5M |
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | 19.2% | 99.8% | ||
| Q1 24 | 18.0% | 99.7% |
| Q4 25 | 6.4% | 16.2% | ||
| Q3 25 | 6.3% | 22.1% | ||
| Q2 25 | 6.4% | 14.0% | ||
| Q1 25 | 7.2% | -10.2% | ||
| Q4 24 | 10.8% | 9.0% | ||
| Q3 24 | 9.2% | 18.8% | ||
| Q2 24 | 10.0% | 5.8% | ||
| Q1 24 | 8.6% | 7.0% |
| Q4 25 | 4.8% | 13.2% | ||
| Q3 25 | 4.8% | 17.7% | ||
| Q2 25 | 4.9% | 11.3% | ||
| Q1 25 | 5.5% | -7.8% | ||
| Q4 24 | 8.4% | 7.4% | ||
| Q3 24 | 7.0% | 15.1% | ||
| Q2 24 | 7.7% | 4.8% | ||
| Q1 24 | 6.6% | 5.8% |
| Q4 25 | $0.57 | $3.66 | ||
| Q3 25 | $0.47 | $5.06 | ||
| Q2 25 | $0.56 | $3.01 | ||
| Q1 25 | $0.54 | $-1.96 | ||
| Q4 24 | $1.28 | $1.82 | ||
| Q3 24 | $0.70 | $4.17 | ||
| Q2 24 | $0.81 | $1.13 | ||
| Q1 24 | $0.55 | $1.33 |
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 | $575.0M |
| Stockholders' EquityBook value | $1.4B | $2.4B |
| Total Assets | $3.7B | $9.6B |
| Debt / EquityLower = less leverage | 1.13× | 0.24× |
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 | $575.0M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.0B | $1.6B | ||
| Q1 24 | $968.7M | $1.6B |
| Q4 25 | $3.7B | $9.6B | ||
| Q3 25 | $3.8B | $9.4B | ||
| Q2 25 | $3.7B | $9.1B | ||
| Q1 25 | $3.5B | $9.0B | ||
| Q4 24 | $3.3B | $8.3B | ||
| Q3 24 | $3.3B | $8.2B | ||
| Q2 24 | $3.0B | $7.7B | ||
| Q1 24 | $2.7B | $7.4B |
| Q4 25 | 1.13× | 0.24× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 0.30× | ||
| 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 | $287.9M |
| Free Cash FlowOCF − Capex | $136.0M | $273.9M |
| FCF MarginFCF / Revenue | 11.2% | 17.8% |
| Capex IntensityCapex / Revenue | 0.6% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $287.9M | ||
| Q3 25 | $-131.0M | $496.4M | ||
| Q2 25 | $-68.5M | $371.6M | ||
| Q1 25 | $-44.7M | $-68.7M | ||
| Q4 24 | $306.5M | $248.3M | ||
| Q3 24 | $-205.0M | $318.1M | ||
| Q2 24 | $-110.6M | $278.0M | ||
| Q1 24 | $-247.5M | $192.6M |
| Q4 25 | $136.0M | $273.9M | ||
| Q3 25 | $-135.7M | $479.5M | ||
| Q2 25 | $-78.8M | $357.2M | ||
| Q1 25 | $-47.9M | $-81.9M | ||
| Q4 24 | $302.6M | $236.0M | ||
| Q3 24 | $-222.5M | $306.2M | ||
| Q2 24 | $-112.4M | $266.5M | ||
| Q1 24 | $-249.6M | $182.4M |
| Q4 25 | 11.2% | 17.8% | ||
| Q3 25 | -14.0% | 30.3% | ||
| Q2 25 | -6.8% | 24.2% | ||
| Q1 25 | -4.8% | -5.9% | ||
| Q4 24 | 19.4% | 17.3% | ||
| Q3 24 | -22.1% | 20.0% | ||
| Q2 24 | -10.6% | 20.4% | ||
| Q1 24 | -30.2% | 14.3% |
| Q4 25 | 0.6% | 0.9% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.3% | 0.9% | ||
| Q4 24 | 0.3% | 0.9% | ||
| Q3 24 | 1.7% | 0.8% | ||
| Q2 24 | 0.2% | 0.9% | ||
| Q1 24 | 0.3% | 0.8% |
| Q4 25 | 2.44× | 1.42× | ||
| Q3 25 | -2.79× | 1.77× | ||
| Q2 25 | -1.21× | 2.23× | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | 2.46× | ||
| Q3 24 | -2.90× | 1.38× | ||
| Q2 24 | -1.37× | 4.44× | ||
| Q1 24 | -4.54× | 2.62× |
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% |
MCY
Segment breakdown not available.
