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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× Dream Finders Homes, Inc.). Public Storage runs the higher net margin — 41.7% vs 4.8%, a 36.9% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
DFH vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $58.8M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 40.7% |
| Net Margin | 4.8% | 41.7% |
| Revenue YoY | -22.3% | 3.3% |
| Net Profit YoY | -54.9% | -17.5% |
| EPS (diluted) | $0.57 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $969.8M | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $989.9M | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $827.8M | $1.2B |
| Q4 25 | $58.8M | $507.1M | ||
| Q3 25 | $47.0M | $511.1M | ||
| Q2 25 | $56.6M | $358.4M | ||
| Q1 25 | $54.9M | $407.8M | ||
| Q4 24 | $130.5M | $614.6M | ||
| Q3 24 | $70.7M | $430.3M | ||
| Q2 24 | $80.9M | $518.1M | ||
| Q1 24 | $54.5M | $508.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | 40.7% | ||
| Q3 25 | 6.3% | 42.3% | ||
| Q2 25 | 6.4% | 30.4% | ||
| Q1 25 | 7.2% | 34.8% | ||
| Q4 24 | 10.8% | 52.4% | ||
| Q3 24 | 9.2% | 36.7% | ||
| Q2 24 | 10.0% | 44.6% | ||
| Q1 24 | 8.6% | 44.3% |
| Q4 25 | 4.8% | 41.7% | ||
| Q3 25 | 4.8% | 41.8% | ||
| Q2 25 | 4.9% | 29.8% | ||
| Q1 25 | 5.5% | 34.5% | ||
| Q4 24 | 8.4% | 52.2% | ||
| Q3 24 | 7.0% | 36.2% | ||
| Q2 24 | 7.7% | 44.2% | ||
| Q1 24 | 6.6% | 44.0% |
| Q4 25 | $0.57 | $2.59 | ||
| Q3 25 | $0.47 | $2.62 | ||
| Q2 25 | $0.56 | $1.76 | ||
| Q1 25 | $0.54 | $2.04 | ||
| Q4 24 | $1.28 | $3.22 | ||
| Q3 24 | $0.70 | $2.16 | ||
| Q2 24 | $0.81 | $2.66 | ||
| Q1 24 | $0.55 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | $1.6B | $10.3B |
| Stockholders' EquityBook value | $1.4B | $9.2B |
| Total Assets | $3.7B | $20.2B |
| Debt / EquityLower = less leverage | 1.13× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $318.1M | ||
| Q3 25 | $251.0M | $296.5M | ||
| Q2 25 | $210.3M | $1.1B | ||
| Q1 25 | $297.5M | $287.2M | ||
| Q4 24 | $274.4M | $447.4M | ||
| Q3 24 | $204.9M | $599.0M | ||
| Q2 24 | $274.8M | $542.3M | ||
| Q1 24 | $239.4M | $271.6M |
| Q4 25 | $1.6B | $10.3B | ||
| Q3 25 | $1.8B | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | $1.3B | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $1.4B | $9.2B | ||
| Q3 25 | $1.4B | $9.3B | ||
| Q2 25 | $1.3B | $9.4B | ||
| Q1 25 | $1.3B | $9.6B | ||
| Q4 24 | $1.2B | $9.7B | ||
| Q3 24 | $1.1B | $9.6B | ||
| Q2 24 | $1.0B | $9.7B | ||
| Q1 24 | $968.7M | $9.9B |
| Q4 25 | $3.7B | $20.2B | ||
| Q3 25 | $3.8B | $20.1B | ||
| Q2 25 | $3.7B | $20.5B | ||
| Q1 25 | $3.5B | $19.6B | ||
| Q4 24 | $3.3B | $19.8B | ||
| Q3 24 | $3.3B | $19.8B | ||
| Q2 24 | $3.0B | $19.8B | ||
| Q1 24 | $2.7B | $19.6B |
| Q4 25 | 1.13× | 1.11× | ||
| Q3 25 | 1.29× | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 1.03× | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $136.0M | — |
| FCF MarginFCF / Revenue | 11.2% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 2.44× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $733.6M | ||
| Q3 25 | $-131.0M | $875.1M | ||
| Q2 25 | $-68.5M | $872.7M | ||
| Q1 25 | $-44.7M | $705.1M | ||
| Q4 24 | $306.5M | $768.6M | ||
| Q3 24 | $-205.0M | $798.8M | ||
| Q2 24 | $-110.6M | $895.3M | ||
| Q1 24 | $-247.5M | $665.6M |
| Q4 25 | $136.0M | — | ||
| Q3 25 | $-135.7M | — | ||
| Q2 25 | $-78.8M | — | ||
| Q1 25 | $-47.9M | — | ||
| Q4 24 | $302.6M | — | ||
| Q3 24 | $-222.5M | — | ||
| Q2 24 | $-112.4M | — | ||
| Q1 24 | $-249.6M | — |
| Q4 25 | 11.2% | — | ||
| Q3 25 | -14.0% | — | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | -22.1% | — | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -30.2% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 2.44× | 1.45× | ||
| Q3 25 | -2.79× | 1.71× | ||
| Q2 25 | -1.21× | 2.43× | ||
| Q1 25 | -0.81× | 1.73× | ||
| Q4 24 | 2.35× | 1.25× | ||
| Q3 24 | -2.90× | 1.86× | ||
| Q2 24 | -1.37× | 1.73× | ||
| Q1 24 | -4.54× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
