vs
Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and Trade Desk (The) (TTD). 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 $846.8M, roughly 1.4× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 4.8%, a 17.2% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs -22.3%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $136.0M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
DFH vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $846.8M |
| Net Profit | $58.8M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 6.4% | 30.3% |
| Net Margin | 4.8% | 22.1% |
| Revenue YoY | -22.3% | 14.3% |
| Net Profit YoY | -54.9% | 2.6% |
| EPS (diluted) | $0.57 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $969.8M | $739.4M | ||
| Q2 25 | $1.2B | $694.0M | ||
| Q1 25 | $989.9M | $616.0M | ||
| Q4 24 | $1.6B | $741.0M | ||
| Q3 24 | $1.0B | $628.0M | ||
| Q2 24 | $1.1B | $584.5M | ||
| Q1 24 | $827.8M | $491.3M |
| Q4 25 | $58.8M | $186.9M | ||
| Q3 25 | $47.0M | $115.5M | ||
| Q2 25 | $56.6M | $90.1M | ||
| Q1 25 | $54.9M | $50.7M | ||
| Q4 24 | $130.5M | $182.2M | ||
| Q3 24 | $70.7M | $94.2M | ||
| Q2 24 | $80.9M | $85.0M | ||
| Q1 24 | $54.5M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | 19.2% | 81.1% | ||
| Q1 24 | 18.0% | 78.9% |
| Q4 25 | 6.4% | 30.3% | ||
| Q3 25 | 6.3% | 21.8% | ||
| Q2 25 | 6.4% | 16.8% | ||
| Q1 25 | 7.2% | 8.8% | ||
| Q4 24 | 10.8% | 26.4% | ||
| Q3 24 | 9.2% | 17.3% | ||
| Q2 24 | 10.0% | 16.2% | ||
| Q1 24 | 8.6% | 5.8% |
| Q4 25 | 4.8% | 22.1% | ||
| Q3 25 | 4.8% | 15.6% | ||
| Q2 25 | 4.9% | 13.0% | ||
| Q1 25 | 5.5% | 8.2% | ||
| Q4 24 | 8.4% | 24.6% | ||
| Q3 24 | 7.0% | 15.0% | ||
| Q2 24 | 7.7% | 14.5% | ||
| Q1 24 | 6.6% | 6.4% |
| Q4 25 | $0.57 | $0.39 | ||
| Q3 25 | $0.47 | $0.23 | ||
| Q2 25 | $0.56 | $0.18 | ||
| Q1 25 | $0.54 | $0.10 | ||
| Q4 24 | $1.28 | $0.36 | ||
| Q3 24 | $0.70 | $0.19 | ||
| Q2 24 | $0.81 | $0.17 | ||
| Q1 24 | $0.55 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $2.5B |
| Total Assets | $3.7B | $6.2B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $1.3B | ||
| Q3 25 | $251.0M | $1.4B | ||
| Q2 25 | $210.3M | $1.7B | ||
| Q1 25 | $297.5M | $1.7B | ||
| Q4 24 | $274.4M | $1.9B | ||
| Q3 24 | $204.9M | $1.7B | ||
| Q2 24 | $274.8M | $1.5B | ||
| Q1 24 | $239.4M | $1.4B |
| 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 | $2.5B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.2B | $2.9B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.0B | $2.4B | ||
| Q1 24 | $968.7M | $2.2B |
| Q4 25 | $3.7B | $6.2B | ||
| Q3 25 | $3.8B | $5.9B | ||
| Q2 25 | $3.7B | $6.0B | ||
| Q1 25 | $3.5B | $5.7B | ||
| Q4 24 | $3.3B | $6.1B | ||
| Q3 24 | $3.3B | $5.5B | ||
| Q2 24 | $3.0B | $5.2B | ||
| Q1 24 | $2.7B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $136.0M | $285.3M |
| FCF MarginFCF / Revenue | 11.2% | 33.7% |
| Capex IntensityCapex / Revenue | 0.6% | 3.1% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $311.6M | ||
| Q3 25 | $-131.0M | $224.7M | ||
| Q2 25 | $-68.5M | $165.0M | ||
| Q1 25 | $-44.7M | $291.4M | ||
| Q4 24 | $306.5M | $199.4M | ||
| Q3 24 | $-205.0M | $273.3M | ||
| Q2 24 | $-110.6M | $81.3M | ||
| Q1 24 | $-247.5M | $185.5M |
| Q4 25 | $136.0M | $285.3M | ||
| Q3 25 | $-135.7M | $158.3M | ||
| Q2 25 | $-78.8M | $119.8M | ||
| Q1 25 | $-47.9M | $232.3M | ||
| Q4 24 | $302.6M | $179.2M | ||
| Q3 24 | $-222.5M | $224.6M | ||
| Q2 24 | $-112.4M | $59.1M | ||
| Q1 24 | $-249.6M | $178.2M |
| Q4 25 | 11.2% | 33.7% | ||
| Q3 25 | -14.0% | 21.4% | ||
| Q2 25 | -6.8% | 17.3% | ||
| Q1 25 | -4.8% | 37.7% | ||
| Q4 24 | 19.4% | 24.2% | ||
| Q3 24 | -22.1% | 35.8% | ||
| Q2 24 | -10.6% | 10.1% | ||
| Q1 24 | -30.2% | 36.3% |
| Q4 25 | 0.6% | 3.1% | ||
| Q3 25 | 0.5% | 9.0% | ||
| Q2 25 | 0.9% | 6.5% | ||
| Q1 25 | 0.3% | 9.6% | ||
| Q4 24 | 0.3% | 2.7% | ||
| Q3 24 | 1.7% | 7.8% | ||
| Q2 24 | 0.2% | 3.8% | ||
| Q1 24 | 0.3% | 1.5% |
| Q4 25 | 2.44× | 1.67× | ||
| Q3 25 | -2.79× | 1.94× | ||
| Q2 25 | -1.21× | 1.83× | ||
| Q1 25 | -0.81× | 5.75× | ||
| Q4 24 | 2.35× | 1.09× | ||
| Q3 24 | -2.90× | 2.90× | ||
| Q2 24 | -1.37× | 0.96× | ||
| Q1 24 | -4.54× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
