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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Dream Finders Homes, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 4.8%, a 1.3% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -22.3%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $136.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
DFH vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $58.8M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 6.4% | 5.2% |
| Net Margin | 4.8% | 6.2% |
| Revenue YoY | -22.3% | 22.0% |
| Net Profit YoY | -54.9% | 215.6% |
| EPS (diluted) | $0.57 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $969.8M | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $989.9M | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $827.8M | $1.1B |
| Q4 25 | $58.8M | $101.0M | ||
| Q3 25 | $47.0M | $105.0M | ||
| Q2 25 | $56.6M | $80.0M | ||
| Q1 25 | $54.9M | $56.0M | ||
| Q4 24 | $130.5M | $32.0M | ||
| Q3 24 | $70.7M | $56.0M | ||
| Q2 24 | $80.9M | $14.0M | ||
| Q1 24 | $54.5M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | 19.2% | 23.0% | ||
| Q1 24 | 18.0% | 23.2% |
| Q4 25 | 6.4% | 5.2% | ||
| Q3 25 | 6.3% | 5.1% | ||
| Q2 25 | 6.4% | 5.2% | ||
| Q1 25 | 7.2% | 3.2% | ||
| Q4 24 | 10.8% | 2.5% | ||
| Q3 24 | 9.2% | 2.6% | ||
| Q2 24 | 10.0% | 0.4% | ||
| Q1 24 | 8.6% | -5.2% |
| Q4 25 | 4.8% | 6.2% | ||
| Q3 25 | 4.8% | 6.4% | ||
| Q2 25 | 4.9% | 5.2% | ||
| Q1 25 | 5.5% | 4.2% | ||
| Q4 24 | 8.4% | 2.4% | ||
| Q3 24 | 7.0% | 4.3% | ||
| Q2 24 | 7.7% | 1.1% | ||
| Q1 24 | 6.6% | -7.7% |
| Q4 25 | $0.57 | $0.18 | ||
| Q3 25 | $0.47 | $0.16 | ||
| Q2 25 | $0.56 | $0.13 | ||
| Q1 25 | $0.54 | $0.09 | ||
| Q4 24 | $1.28 | $0.09 | ||
| Q3 24 | $0.70 | $0.07 | ||
| Q2 24 | $0.81 | $0.02 | ||
| Q1 24 | $0.55 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $2.1B |
| Total Assets | $3.7B | $3.1B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $1.4B | ||
| Q3 25 | $251.0M | $1.4B | ||
| Q2 25 | $210.3M | $1.2B | ||
| Q1 25 | $297.5M | $1.0B | ||
| Q4 24 | $274.4M | $903.0M | ||
| Q3 24 | $204.9M | $761.0M | ||
| Q2 24 | $274.8M | $691.0M | ||
| Q1 24 | $239.4M | $578.0M |
| 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 | $2.1B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $968.7M | $1.2B |
| Q4 25 | $3.7B | $3.1B | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.7B | $2.1B |
| 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 | $194.0M |
| Free Cash FlowOCF − Capex | $136.0M | $178.0M |
| FCF MarginFCF / Revenue | 11.2% | 10.9% |
| Capex IntensityCapex / Revenue | 0.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $194.0M | ||
| Q3 25 | $-131.0M | $165.0M | ||
| Q2 25 | $-68.5M | $223.0M | ||
| Q1 25 | $-44.7M | $79.0M | ||
| Q4 24 | $306.5M | $147.0M | ||
| Q3 24 | $-205.0M | $109.0M | ||
| Q2 24 | $-110.6M | $124.0M | ||
| Q1 24 | $-247.5M | $-20.0M |
| Q4 25 | $136.0M | $178.0M | ||
| Q3 25 | $-135.7M | $153.0M | ||
| Q2 25 | $-78.8M | $208.0M | ||
| Q1 25 | $-47.9M | $69.0M | ||
| Q4 24 | $302.6M | $134.0M | ||
| Q3 24 | $-222.5M | $97.0M | ||
| Q2 24 | $-112.4M | $108.0M | ||
| Q1 24 | $-249.6M | $-33.0M |
| Q4 25 | 11.2% | 10.9% | ||
| Q3 25 | -14.0% | 9.4% | ||
| Q2 25 | -6.8% | 13.4% | ||
| Q1 25 | -4.8% | 5.2% | ||
| Q4 24 | 19.4% | 10.0% | ||
| Q3 24 | -22.1% | 7.4% | ||
| Q2 24 | -10.6% | 8.7% | ||
| Q1 24 | -30.2% | -3.1% |
| Q4 25 | 0.6% | 1.0% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.3% | 0.7% | ||
| Q4 24 | 0.3% | 1.0% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.3% | 1.2% |
| Q4 25 | 2.44× | 1.92× | ||
| Q3 25 | -2.79× | 1.57× | ||
| Q2 25 | -1.21× | 2.79× | ||
| Q1 25 | -0.81× | 1.41× | ||
| Q4 24 | 2.35× | 4.59× | ||
| Q3 24 | -2.90× | 1.95× | ||
| Q2 24 | -1.37× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
