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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Natera, Inc. (NTRA). 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 $665.5M, roughly 1.8× Natera, Inc.). Natera, Inc. runs the higher net margin — 7.1% vs 4.8%, a 2.3% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $37.8M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
DFH vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $665.5M |
| Net Profit | $58.8M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | -3.4% |
| Net Margin | 4.8% | 7.1% |
| Revenue YoY | -22.3% | 39.8% |
| Net Profit YoY | -54.9% | 187.9% |
| EPS (diluted) | $0.57 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $969.8M | $592.2M | ||
| Q2 25 | $1.2B | $546.6M | ||
| Q1 25 | $989.9M | $501.8M | ||
| Q4 24 | $1.6B | $476.1M | ||
| Q3 24 | $1.0B | $439.8M | ||
| Q2 24 | $1.1B | $413.4M | ||
| Q1 24 | $827.8M | $367.7M |
| Q4 25 | $58.8M | $47.3M | ||
| Q3 25 | $47.0M | $-87.5M | ||
| Q2 25 | $56.6M | $-100.9M | ||
| Q1 25 | $54.9M | $-66.9M | ||
| Q4 24 | $130.5M | $-53.8M | ||
| Q3 24 | $70.7M | $-31.6M | ||
| Q2 24 | $80.9M | $-37.5M | ||
| Q1 24 | $54.5M | $-67.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | -3.4% | ||
| Q3 25 | 6.3% | -16.5% | ||
| Q2 25 | 6.4% | -20.2% | ||
| Q1 25 | 7.2% | -15.8% | ||
| Q4 24 | 10.8% | -13.6% | ||
| Q3 24 | 9.2% | -8.9% | ||
| Q2 24 | 10.0% | -10.6% | ||
| Q1 24 | 8.6% | -20.2% |
| Q4 25 | 4.8% | 7.1% | ||
| Q3 25 | 4.8% | -14.8% | ||
| Q2 25 | 4.9% | -18.5% | ||
| Q1 25 | 5.5% | -13.3% | ||
| Q4 24 | 8.4% | -11.3% | ||
| Q3 24 | 7.0% | -7.2% | ||
| Q2 24 | 7.7% | -9.1% | ||
| Q1 24 | 6.6% | -18.4% |
| Q4 25 | $0.57 | $0.36 | ||
| Q3 25 | $0.47 | $-0.64 | ||
| Q2 25 | $0.56 | $-0.74 | ||
| Q1 25 | $0.54 | $-0.50 | ||
| Q4 24 | $1.28 | $-0.41 | ||
| Q3 24 | $0.70 | $-0.26 | ||
| Q2 24 | $0.81 | $-0.30 | ||
| Q1 24 | $0.55 | $-0.56 |
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 | $1.7B |
| Total Assets | $3.7B | $2.4B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | — | ||
| Q3 25 | $251.0M | $1.0M | ||
| Q2 25 | $210.3M | $16.0M | ||
| Q1 25 | $297.5M | $17.8M | ||
| Q4 24 | $274.4M | $22.7M | ||
| Q3 24 | $204.9M | $29.5M | ||
| Q2 24 | $274.8M | $90.3M | ||
| Q1 24 | $239.4M | $69.1M |
| 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 | $1.7B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $878.5M | ||
| Q2 24 | $1.0B | $836.5M | ||
| Q1 24 | $968.7M | $794.1M |
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.5B | $1.7B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $2.7B | $1.5B |
| 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 | $73.9M |
| Free Cash FlowOCF − Capex | $136.0M | $37.8M |
| FCF MarginFCF / Revenue | 11.2% | 5.7% |
| Capex IntensityCapex / Revenue | 0.6% | 5.4% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $73.9M | ||
| Q3 25 | $-131.0M | $59.4M | ||
| Q2 25 | $-68.5M | $37.6M | ||
| Q1 25 | $-44.7M | $44.5M | ||
| Q4 24 | $306.5M | $52.9M | ||
| Q3 24 | $-205.0M | $51.8M | ||
| Q2 24 | $-110.6M | $4.0M | ||
| Q1 24 | $-247.5M | $27.0M |
| Q4 25 | $136.0M | $37.8M | ||
| Q3 25 | $-135.7M | $37.0M | ||
| Q2 25 | $-78.8M | $11.7M | ||
| Q1 25 | $-47.9M | $22.6M | ||
| Q4 24 | $302.6M | $34.8M | ||
| Q3 24 | $-222.5M | $35.5M | ||
| Q2 24 | $-112.4M | $-7.7M | ||
| Q1 24 | $-249.6M | $6.7M |
| Q4 25 | 11.2% | 5.7% | ||
| Q3 25 | -14.0% | 6.2% | ||
| Q2 25 | -6.8% | 2.1% | ||
| Q1 25 | -4.8% | 4.5% | ||
| Q4 24 | 19.4% | 7.3% | ||
| Q3 24 | -22.1% | 8.1% | ||
| Q2 24 | -10.6% | -1.9% | ||
| Q1 24 | -30.2% | 1.8% |
| Q4 25 | 0.6% | 5.4% | ||
| Q3 25 | 0.5% | 3.8% | ||
| Q2 25 | 0.9% | 4.7% | ||
| Q1 25 | 0.3% | 4.3% | ||
| Q4 24 | 0.3% | 3.8% | ||
| Q3 24 | 1.7% | 3.7% | ||
| Q2 24 | 0.2% | 2.8% | ||
| Q1 24 | 0.3% | 5.5% |
| Q4 25 | 2.44× | 1.56× | ||
| 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% |
NTRA
Segment breakdown not available.
