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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and NATIONAL FUEL GAS CO (NFG). 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 $637.9M, roughly 1.9× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 4.8%, a 23.6% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $-2.7M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 6.9%).
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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
DFH vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $637.9M |
| Net Profit | $58.8M | $181.6M |
| Gross Margin | — | 86.6% |
| Operating Margin | 6.4% | 43.3% |
| Net Margin | 4.8% | 28.5% |
| Revenue YoY | -22.3% | 24.1% |
| Net Profit YoY | -54.9% | 303.8% |
| EPS (diluted) | $0.57 | $1.98 |
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 | $637.9M | ||
| Q3 25 | $969.8M | $443.1M | ||
| Q2 25 | $1.2B | $527.4M | ||
| Q1 25 | $989.9M | $734.8M | ||
| Q4 24 | $1.6B | $513.8M | ||
| Q3 24 | $1.0B | $310.0M | ||
| Q2 24 | $1.1B | $338.6M | ||
| Q1 24 | $827.8M | $558.7M |
| Q4 25 | $58.8M | $181.6M | ||
| Q3 25 | $47.0M | $107.3M | ||
| Q2 25 | $56.6M | $149.8M | ||
| Q1 25 | $54.9M | $216.4M | ||
| Q4 24 | $130.5M | $45.0M | ||
| Q3 24 | $70.7M | $-167.6M | ||
| Q2 24 | $80.9M | $-54.2M | ||
| Q1 24 | $54.5M | $166.3M |
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | 98.5% | ||
| Q1 24 | 18.0% | 81.0% |
| Q4 25 | 6.4% | 43.3% | ||
| Q3 25 | 6.3% | 40.6% | ||
| Q2 25 | 6.4% | 43.7% | ||
| Q1 25 | 7.2% | 43.2% | ||
| Q4 24 | 10.8% | 16.8% | ||
| Q3 24 | 9.2% | -63.4% | ||
| Q2 24 | 10.0% | -15.2% | ||
| Q1 24 | 8.6% | 44.9% |
| Q4 25 | 4.8% | 28.5% | ||
| Q3 25 | 4.8% | 24.2% | ||
| Q2 25 | 4.9% | 28.4% | ||
| Q1 25 | 5.5% | 29.4% | ||
| Q4 24 | 8.4% | 8.8% | ||
| Q3 24 | 7.0% | -54.1% | ||
| Q2 24 | 7.7% | -16.0% | ||
| Q1 24 | 6.6% | 29.8% |
| Q4 25 | $0.57 | $1.98 | ||
| Q3 25 | $0.47 | $1.18 | ||
| Q2 25 | $0.56 | $1.64 | ||
| Q1 25 | $0.54 | $2.37 | ||
| Q4 24 | $1.28 | $0.49 | ||
| Q3 24 | $0.70 | $-1.81 | ||
| Q2 24 | $0.81 | $-0.59 | ||
| Q1 24 | $0.55 | $1.80 |
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 | $271.4M |
| Total DebtLower is stronger | $1.6B | $2.7B |
| Stockholders' EquityBook value | $1.4B | $3.6B |
| Total Assets | $3.7B | $9.2B |
| Debt / EquityLower = less leverage | 1.13× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $271.4M | ||
| Q3 25 | $251.0M | $43.2M | ||
| Q2 25 | $210.3M | $39.3M | ||
| Q1 25 | $297.5M | $40.0M | ||
| Q4 24 | $274.4M | $48.7M | ||
| Q3 24 | $204.9M | $38.2M | ||
| Q2 24 | $274.8M | $81.4M | ||
| Q1 24 | $239.4M | $50.8M |
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.8B | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $1.4B | $3.6B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.3B | $3.0B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.2B | $-76.2M | ||
| Q3 24 | $1.1B | $-15.5M | ||
| Q2 24 | $1.0B | $5.0M | ||
| Q1 24 | $968.7M | $75.3M |
| Q4 25 | $3.7B | $9.2B | ||
| Q3 25 | $3.8B | $8.7B | ||
| Q2 25 | $3.7B | $8.4B | ||
| Q1 25 | $3.5B | $8.5B | ||
| Q4 24 | $3.3B | $8.3B | ||
| Q3 24 | $3.3B | $8.3B | ||
| Q2 24 | $3.0B | $8.5B | ||
| Q1 24 | $2.7B | $8.7B |
| Q4 25 | 1.13× | 0.75× | ||
| Q3 25 | 1.29× | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× | ||
| Q1 24 | — | 31.68× |
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 | $274.9M |
| Free Cash FlowOCF − Capex | $136.0M | $-2.7M |
| FCF MarginFCF / Revenue | 11.2% | -0.4% |
| Capex IntensityCapex / Revenue | 0.6% | 43.5% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $274.9M | ||
| Q3 25 | $-131.0M | $237.8M | ||
| Q2 25 | $-68.5M | $388.4M | ||
| Q1 25 | $-44.7M | $253.8M | ||
| Q4 24 | $306.5M | $220.1M | ||
| Q3 24 | $-205.0M | $197.9M | ||
| Q2 24 | $-110.6M | $281.8M | ||
| Q1 24 | $-247.5M | $315.3M |
| Q4 25 | $136.0M | $-2.7M | ||
| Q3 25 | $-135.7M | $-47.8M | ||
| Q2 25 | $-78.8M | $195.3M | ||
| Q1 25 | $-47.9M | $59.9M | ||
| Q4 24 | $302.6M | $-20.3M | ||
| Q3 24 | $-222.5M | $-49.1M | ||
| Q2 24 | $-112.4M | $79.5M | ||
| Q1 24 | $-249.6M | $80.3M |
| Q4 25 | 11.2% | -0.4% | ||
| Q3 25 | -14.0% | -10.8% | ||
| Q2 25 | -6.8% | 37.0% | ||
| Q1 25 | -4.8% | 8.2% | ||
| Q4 24 | 19.4% | -4.0% | ||
| Q3 24 | -22.1% | -15.8% | ||
| Q2 24 | -10.6% | 23.5% | ||
| Q1 24 | -30.2% | 14.4% |
| Q4 25 | 0.6% | 43.5% | ||
| Q3 25 | 0.5% | 64.4% | ||
| Q2 25 | 0.9% | 36.6% | ||
| Q1 25 | 0.3% | 26.4% | ||
| Q4 24 | 0.3% | 46.8% | ||
| Q3 24 | 1.7% | 79.7% | ||
| Q2 24 | 0.2% | 59.7% | ||
| Q1 24 | 0.3% | 42.1% |
| Q4 25 | 2.44× | 1.51× | ||
| Q3 25 | -2.79× | 2.21× | ||
| Q2 25 | -1.21× | 2.59× | ||
| Q1 25 | -0.81× | 1.17× | ||
| Q4 24 | 2.35× | 4.89× | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | 1.90× |
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% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
