vs
Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and MSCI Inc. (MSCI). 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 $822.5M, roughly 1.5× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 4.8%, a 29.8% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -22.3%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $136.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 10.0%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
DFH vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $822.5M |
| Net Profit | $58.8M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 56.4% |
| Net Margin | 4.8% | 34.6% |
| Revenue YoY | -22.3% | 10.6% |
| Net Profit YoY | -54.9% | -6.8% |
| EPS (diluted) | $0.57 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $969.8M | $793.4M | ||
| Q2 25 | $1.2B | $772.7M | ||
| Q1 25 | $989.9M | $745.8M | ||
| Q4 24 | $1.6B | $743.5M | ||
| Q3 24 | $1.0B | $724.7M | ||
| Q2 24 | $1.1B | $707.9M | ||
| Q1 24 | $827.8M | $680.0M |
| Q4 25 | $58.8M | $284.7M | ||
| Q3 25 | $47.0M | $325.4M | ||
| Q2 25 | $56.6M | $303.6M | ||
| Q1 25 | $54.9M | $288.6M | ||
| Q4 24 | $130.5M | $305.5M | ||
| Q3 24 | $70.7M | $280.9M | ||
| Q2 24 | $80.9M | $266.8M | ||
| Q1 24 | $54.5M | $256.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | 56.4% | ||
| Q3 25 | 6.3% | 56.4% | ||
| Q2 25 | 6.4% | 55.0% | ||
| Q1 25 | 7.2% | 50.6% | ||
| Q4 24 | 10.8% | 54.5% | ||
| Q3 24 | 9.2% | 55.4% | ||
| Q2 24 | 10.0% | 54.0% | ||
| Q1 24 | 8.6% | 49.9% |
| Q4 25 | 4.8% | 34.6% | ||
| Q3 25 | 4.8% | 41.0% | ||
| Q2 25 | 4.9% | 39.3% | ||
| Q1 25 | 5.5% | 38.7% | ||
| Q4 24 | 8.4% | 41.1% | ||
| Q3 24 | 7.0% | 38.8% | ||
| Q2 24 | 7.7% | 37.7% | ||
| Q1 24 | 6.6% | 37.6% |
| Q4 25 | $0.57 | $3.81 | ||
| Q3 25 | $0.47 | $4.25 | ||
| Q2 25 | $0.56 | $3.92 | ||
| Q1 25 | $0.54 | $3.71 | ||
| Q4 24 | $1.28 | $3.89 | ||
| Q3 24 | $0.70 | $3.57 | ||
| Q2 24 | $0.81 | $3.37 | ||
| Q1 24 | $0.55 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $1.6B | $6.2B |
| Stockholders' EquityBook value | $1.4B | $-2.7B |
| Total Assets | $3.7B | $5.7B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $515.3M | ||
| Q3 25 | $251.0M | $400.1M | ||
| Q2 25 | $210.3M | $347.3M | ||
| Q1 25 | $297.5M | $360.7M | ||
| Q4 24 | $274.4M | $409.4M | ||
| Q3 24 | $204.9M | $501.0M | ||
| Q2 24 | $274.8M | $451.4M | ||
| Q1 24 | $239.4M | $519.3M |
| Q4 25 | $1.6B | $6.2B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $1.3B | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.4B | $-2.7B | ||
| Q3 25 | $1.4B | $-1.9B | ||
| Q2 25 | $1.3B | $-886.2M | ||
| Q1 25 | $1.3B | $-958.6M | ||
| Q4 24 | $1.2B | $-940.0M | ||
| Q3 24 | $1.1B | $-751.0M | ||
| Q2 24 | $1.0B | $-734.5M | ||
| Q1 24 | $968.7M | $-650.5M |
| Q4 25 | $3.7B | $5.7B | ||
| Q3 25 | $3.8B | $5.4B | ||
| Q2 25 | $3.7B | $5.4B | ||
| Q1 25 | $3.5B | $5.3B | ||
| Q4 24 | $3.3B | $5.4B | ||
| Q3 24 | $3.3B | $5.4B | ||
| Q2 24 | $3.0B | $5.5B | ||
| Q1 24 | $2.7B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | $136.0M | $488.7M |
| FCF MarginFCF / Revenue | 11.2% | 59.4% |
| Capex IntensityCapex / Revenue | 0.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $501.1M | ||
| Q3 25 | $-131.0M | $449.4M | ||
| Q2 25 | $-68.5M | $336.1M | ||
| Q1 25 | $-44.7M | $301.7M | ||
| Q4 24 | $306.5M | $430.6M | ||
| Q3 24 | $-205.0M | $421.6M | ||
| Q2 24 | $-110.6M | $349.2M | ||
| Q1 24 | $-247.5M | $300.1M |
| Q4 25 | $136.0M | $488.7M | ||
| Q3 25 | $-135.7M | $445.5M | ||
| Q2 25 | $-78.8M | $324.7M | ||
| Q1 25 | $-47.9M | $290.2M | ||
| Q4 24 | $302.6M | $416.4M | ||
| Q3 24 | $-222.5M | $415.0M | ||
| Q2 24 | $-112.4M | $340.6M | ||
| Q1 24 | $-249.6M | $295.9M |
| Q4 25 | 11.2% | 59.4% | ||
| Q3 25 | -14.0% | 56.2% | ||
| Q2 25 | -6.8% | 42.0% | ||
| Q1 25 | -4.8% | 38.9% | ||
| Q4 24 | 19.4% | 56.0% | ||
| Q3 24 | -22.1% | 57.3% | ||
| Q2 24 | -10.6% | 48.1% | ||
| Q1 24 | -30.2% | 43.5% |
| Q4 25 | 0.6% | 1.5% | ||
| Q3 25 | 0.5% | 0.5% | ||
| Q2 25 | 0.9% | 1.5% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 0.3% | 1.9% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.3% | 0.6% |
| Q4 25 | 2.44× | 1.76× | ||
| Q3 25 | -2.79× | 1.38× | ||
| Q2 25 | -1.21× | 1.11× | ||
| Q1 25 | -0.81× | 1.05× | ||
| Q4 24 | 2.35× | 1.41× | ||
| Q3 24 | -2.90× | 1.50× | ||
| Q2 24 | -1.37× | 1.31× | ||
| Q1 24 | -4.54× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
