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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Royalty Pharma plc (RPRX). 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 $622.0M, roughly 1.9× Royalty Pharma plc). Royalty Pharma plc runs the higher net margin — 34.4% vs 4.8%, a 29.6% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 4.6%).

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.

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

DFH vs RPRX — Head-to-Head

Bigger by revenue
DFH
DFH
1.9× larger
DFH
$1.2B
$622.0M
RPRX
Growing faster (revenue YoY)
RPRX
RPRX
+27.0% gap
RPRX
4.8%
-22.3%
DFH
Higher net margin
RPRX
RPRX
29.6% more per $
RPRX
34.4%
4.8%
DFH
Faster 2-yr revenue CAGR
DFH
DFH
Annualised
DFH
21.0%
4.6%
RPRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFH
DFH
RPRX
RPRX
Revenue
$1.2B
$622.0M
Net Profit
$58.8M
$214.2M
Gross Margin
Operating Margin
6.4%
62.4%
Net Margin
4.8%
34.4%
Revenue YoY
-22.3%
4.8%
Net Profit YoY
-54.9%
2.9%
EPS (diluted)
$0.57
$0.49

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.

Revenue
DFH
DFH
RPRX
RPRX
Q4 25
$1.2B
$622.0M
Q3 25
$969.8M
$609.3M
Q2 25
$1.2B
$578.7M
Q1 25
$989.9M
$568.2M
Q4 24
$1.6B
$593.6M
Q3 24
$1.0B
$564.7M
Q2 24
$1.1B
$537.3M
Q1 24
$827.8M
$568.0M
Net Profit
DFH
DFH
RPRX
RPRX
Q4 25
$58.8M
$214.2M
Q3 25
$47.0M
$288.2M
Q2 25
$56.6M
$30.2M
Q1 25
$54.9M
$238.3M
Q4 24
$130.5M
$208.2M
Q3 24
$70.7M
$544.0M
Q2 24
$80.9M
$102.0M
Q1 24
$54.5M
$4.8M
Gross Margin
DFH
DFH
RPRX
RPRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
19.2%
Q1 24
18.0%
Operating Margin
DFH
DFH
RPRX
RPRX
Q4 25
6.4%
62.4%
Q3 25
6.3%
70.1%
Q2 25
6.4%
36.3%
Q1 25
7.2%
94.0%
Q4 24
10.8%
60.9%
Q3 24
9.2%
Q2 24
10.0%
50.2%
Q1 24
8.6%
-13.0%
Net Margin
DFH
DFH
RPRX
RPRX
Q4 25
4.8%
34.4%
Q3 25
4.8%
47.3%
Q2 25
4.9%
5.2%
Q1 25
5.5%
41.9%
Q4 24
8.4%
35.1%
Q3 24
7.0%
96.3%
Q2 24
7.7%
19.0%
Q1 24
6.6%
0.8%
EPS (diluted)
DFH
DFH
RPRX
RPRX
Q4 25
$0.57
$0.49
Q3 25
$0.47
$0.67
Q2 25
$0.56
$0.07
Q1 25
$0.54
$0.55
Q4 24
$1.28
$0.46
Q3 24
$0.70
$1.21
Q2 24
$0.81
$0.23
Q1 24
$0.55
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DFH
DFH
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$234.8M
$618.7M
Total DebtLower is stronger
$1.6B
$9.0B
Stockholders' EquityBook value
$1.4B
$9.7B
Total Assets
$3.7B
$19.6B
Debt / EquityLower = less leverage
1.13×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFH
DFH
RPRX
RPRX
Q4 25
$234.8M
$618.7M
Q3 25
$251.0M
$938.9M
Q2 25
$210.3M
$631.9M
Q1 25
$297.5M
$1.1B
Q4 24
$274.4M
$929.0M
Q3 24
$204.9M
$950.1M
Q2 24
$274.8M
$1.8B
Q1 24
$239.4M
$843.0M
Total Debt
DFH
DFH
RPRX
RPRX
Q4 25
$1.6B
$9.0B
Q3 25
$1.8B
$8.9B
Q2 25
$8.0B
Q1 25
$7.6B
Q4 24
$1.3B
$7.6B
Q3 24
$7.6B
Q2 24
$7.6B
Q1 24
$6.1B
Stockholders' Equity
DFH
DFH
RPRX
RPRX
Q4 25
$1.4B
$9.7B
Q3 25
$1.4B
$9.6B
Q2 25
$1.3B
$9.5B
Q1 25
$1.3B
$9.8B
Q4 24
$1.2B
$10.3B
Q3 24
$1.1B
$10.3B
Q2 24
$1.0B
$9.8B
Q1 24
$968.7M
$9.9B
Total Assets
DFH
DFH
RPRX
RPRX
Q4 25
$3.7B
$19.6B
Q3 25
$3.8B
$19.3B
Q2 25
$3.7B
$18.3B
Q1 25
$3.5B
$17.6B
Q4 24
$3.3B
$18.2B
Q3 24
$3.3B
$18.0B
Q2 24
$3.0B
$17.7B
Q1 24
$2.7B
$16.1B
Debt / Equity
DFH
DFH
RPRX
RPRX
Q4 25
1.13×
0.92×
Q3 25
1.29×
0.93×
Q2 25
0.84×
Q1 25
0.78×
Q4 24
1.03×
0.74×
Q3 24
0.74×
Q2 24
0.78×
Q1 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DFH
DFH
RPRX
RPRX
Operating Cash FlowLast quarter
$143.6M
$827.1M
Free Cash FlowOCF − Capex
$136.0M
FCF MarginFCF / Revenue
11.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
2.44×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFH
DFH
RPRX
RPRX
Q4 25
$143.6M
$827.1M
Q3 25
$-131.0M
$702.6M
Q2 25
$-68.5M
$364.0M
Q1 25
$-44.7M
$596.1M
Q4 24
$306.5M
$742.5M
Q3 24
$-205.0M
$703.6M
Q2 24
$-110.6M
$658.2M
Q1 24
$-247.5M
$664.6M
Free Cash Flow
DFH
DFH
RPRX
RPRX
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
FCF Margin
DFH
DFH
RPRX
RPRX
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%
Capex Intensity
DFH
DFH
RPRX
RPRX
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%
Cash Conversion
DFH
DFH
RPRX
RPRX
Q4 25
2.44×
3.86×
Q3 25
-2.79×
2.44×
Q2 25
-1.21×
12.06×
Q1 25
-0.81×
2.50×
Q4 24
2.35×
3.57×
Q3 24
-2.90×
1.29×
Q2 24
-1.37×
6.45×
Q1 24
-4.54×
139.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DFH
DFH

Midwest Segment$454.2M37%
Southeast Segment$397.5M33%
Mid Atlantic Segment$307.3M25%
Financial Services Segment$53.7M4%

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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