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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Cloudflare, Inc. (NET). 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 $614.5M, roughly 2.0× Cloudflare, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs -2.0%, a 6.8% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 21.0%).
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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
DFH vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $614.5M |
| Net Profit | $58.8M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 6.4% | -8.0% |
| Net Margin | 4.8% | -2.0% |
| Revenue YoY | -22.3% | 33.6% |
| Net Profit YoY | -54.9% | 6.0% |
| EPS (diluted) | $0.57 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $969.8M | $562.0M | ||
| Q2 25 | $1.2B | $512.3M | ||
| Q1 25 | $989.9M | $479.1M | ||
| Q4 24 | $1.6B | $459.9M | ||
| Q3 24 | $1.0B | $430.1M | ||
| Q2 24 | $1.1B | $401.0M | ||
| Q1 24 | $827.8M | $378.6M |
| Q4 25 | $58.8M | $-12.1M | ||
| Q3 25 | $47.0M | $-1.3M | ||
| Q2 25 | $56.6M | $-50.4M | ||
| Q1 25 | $54.9M | $-38.5M | ||
| Q4 24 | $130.5M | $-12.8M | ||
| Q3 24 | $70.7M | $-15.3M | ||
| Q2 24 | $80.9M | $-15.1M | ||
| Q1 24 | $54.5M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | 19.2% | 77.8% | ||
| Q1 24 | 18.0% | 77.5% |
| Q4 25 | 6.4% | -8.0% | ||
| Q3 25 | 6.3% | -6.7% | ||
| Q2 25 | 6.4% | -13.1% | ||
| Q1 25 | 7.2% | -11.1% | ||
| Q4 24 | 10.8% | -7.5% | ||
| Q3 24 | 9.2% | -7.2% | ||
| Q2 24 | 10.0% | -8.7% | ||
| Q1 24 | 8.6% | -14.4% |
| Q4 25 | 4.8% | -2.0% | ||
| Q3 25 | 4.8% | -0.2% | ||
| Q2 25 | 4.9% | -9.8% | ||
| Q1 25 | 5.5% | -8.0% | ||
| Q4 24 | 8.4% | -2.8% | ||
| Q3 24 | 7.0% | -3.6% | ||
| Q2 24 | 7.7% | -3.8% | ||
| Q1 24 | 6.6% | -9.4% |
| Q4 25 | $0.57 | $-0.03 | ||
| Q3 25 | $0.47 | $0.00 | ||
| Q2 25 | $0.56 | $-0.15 | ||
| Q1 25 | $0.54 | $-0.11 | ||
| Q4 24 | $1.28 | $-0.05 | ||
| Q3 24 | $0.70 | $-0.04 | ||
| Q2 24 | $0.81 | $-0.04 | ||
| Q1 24 | $0.55 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $1.5B |
| Total Assets | $3.7B | $6.0B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $943.5M | ||
| Q3 25 | $251.0M | $1.1B | ||
| Q2 25 | $210.3M | $1.5B | ||
| Q1 25 | $297.5M | $204.5M | ||
| Q4 24 | $274.4M | $147.7M | ||
| Q3 24 | $204.9M | $182.9M | ||
| Q2 24 | $274.8M | $157.0M | ||
| Q1 24 | $239.4M | $254.4M |
| 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 | $1.5B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.1B | $973.1M | ||
| Q2 24 | $1.0B | $881.5M | ||
| Q1 24 | $968.7M | $797.2M |
| Q4 25 | $3.7B | $6.0B | ||
| Q3 25 | $3.8B | $5.8B | ||
| Q2 25 | $3.7B | $5.6B | ||
| Q1 25 | $3.5B | $3.7B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $2.7B | $2.8B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | $136.0M | $105.2M |
| FCF MarginFCF / Revenue | 11.2% | 17.1% |
| Capex IntensityCapex / Revenue | 0.6% | 13.9% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $190.4M | ||
| Q3 25 | $-131.0M | $167.1M | ||
| Q2 25 | $-68.5M | $99.8M | ||
| Q1 25 | $-44.7M | $145.8M | ||
| Q4 24 | $306.5M | $127.3M | ||
| Q3 24 | $-205.0M | $104.7M | ||
| Q2 24 | $-110.6M | $74.8M | ||
| Q1 24 | $-247.5M | $73.6M |
| Q4 25 | $136.0M | $105.2M | ||
| Q3 25 | $-135.7M | $82.5M | ||
| Q2 25 | $-78.8M | $39.9M | ||
| Q1 25 | $-47.9M | $59.9M | ||
| Q4 24 | $302.6M | $54.2M | ||
| Q3 24 | $-222.5M | $54.5M | ||
| Q2 24 | $-112.4M | $45.2M | ||
| Q1 24 | $-249.6M | $41.5M |
| Q4 25 | 11.2% | 17.1% | ||
| Q3 25 | -14.0% | 14.7% | ||
| Q2 25 | -6.8% | 7.8% | ||
| Q1 25 | -4.8% | 12.5% | ||
| Q4 24 | 19.4% | 11.8% | ||
| Q3 24 | -22.1% | 12.7% | ||
| Q2 24 | -10.6% | 11.3% | ||
| Q1 24 | -30.2% | 11.0% |
| Q4 25 | 0.6% | 13.9% | ||
| Q3 25 | 0.5% | 15.1% | ||
| Q2 25 | 0.9% | 11.7% | ||
| Q1 25 | 0.3% | 17.9% | ||
| Q4 24 | 0.3% | 15.9% | ||
| Q3 24 | 1.7% | 11.7% | ||
| Q2 24 | 0.2% | 7.4% | ||
| Q1 24 | 0.3% | 8.5% |
| 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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
