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Side-by-side financial comparison of Dream Finders Homes, Inc. (DFH) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs -35.0%, a 39.9% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -22.3%). Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $-6.0M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
DFH vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $58.8M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | — |
| Net Margin | 4.8% | -35.0% |
| Revenue YoY | -22.3% | -0.7% |
| Net Profit YoY | -54.9% | -962.0% |
| EPS (diluted) | $0.57 | $-12.00 |
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 | $1.1B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $827.8M | $1.1B |
| Q4 25 | $58.8M | $-431.0M | ||
| Q3 25 | $47.0M | $-2.0M | ||
| Q2 25 | $56.6M | $69.0M | ||
| Q1 25 | $54.9M | $56.0M | ||
| Q4 24 | $130.5M | $50.0M | ||
| Q3 24 | $70.7M | $84.0M | ||
| Q2 24 | $80.9M | $37.0M | ||
| Q1 24 | $54.5M | $47.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 10.0% | — | ||
| Q1 24 | 8.6% | — |
| Q4 25 | 4.8% | -35.0% | ||
| Q3 25 | 4.8% | -0.2% | ||
| Q2 25 | 4.9% | 6.0% | ||
| Q1 25 | 5.5% | 5.0% | ||
| Q4 24 | 8.4% | 4.0% | ||
| Q3 24 | 7.0% | 6.9% | ||
| Q2 24 | 7.7% | 3.5% | ||
| Q1 24 | 6.6% | 4.2% |
| Q4 25 | $0.57 | $-12.00 | ||
| Q3 25 | $0.47 | $-0.07 | ||
| Q2 25 | $0.56 | $1.77 | ||
| Q1 25 | $0.54 | $1.46 | ||
| Q4 24 | $1.28 | $1.29 | ||
| Q3 24 | $0.70 | $2.12 | ||
| Q2 24 | $0.81 | $0.98 | ||
| Q1 24 | $0.55 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $3.7B | $9.8B |
| Debt / EquityLower = less leverage | 1.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.8M | $406.0M | ||
| Q3 25 | $251.0M | $474.0M | ||
| Q2 25 | $210.3M | $205.0M | ||
| Q1 25 | $297.5M | $196.0M | ||
| Q4 24 | $274.4M | $197.0M | ||
| Q3 24 | $204.9M | $197.0M | ||
| Q2 24 | $274.8M | $206.0M | ||
| Q1 24 | $239.4M | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.1B | $2.4B | ||
| Q2 24 | $1.0B | $2.4B | ||
| Q1 24 | $968.7M | $2.4B |
| Q4 25 | $3.7B | $9.8B | ||
| Q3 25 | $3.8B | $10.1B | ||
| Q2 25 | $3.7B | $9.9B | ||
| Q1 25 | $3.5B | $9.9B | ||
| Q4 24 | $3.3B | $9.8B | ||
| Q3 24 | $3.3B | $9.7B | ||
| Q2 24 | $3.0B | $9.6B | ||
| Q1 24 | $2.7B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | $136.0M | $-6.0M |
| FCF MarginFCF / Revenue | 11.2% | -0.5% |
| Capex IntensityCapex / Revenue | 0.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-126.4M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.6M | $6.0M | ||
| Q3 25 | $-131.0M | $62.0M | ||
| Q2 25 | $-68.5M | $-48.0M | ||
| Q1 25 | $-44.7M | $8.0M | ||
| Q4 24 | $306.5M | $100.0M | ||
| Q3 24 | $-205.0M | $72.0M | ||
| Q2 24 | $-110.6M | $30.0M | ||
| Q1 24 | $-247.5M | $3.0M |
| Q4 25 | $136.0M | $-6.0M | ||
| Q3 25 | $-135.7M | $51.0M | ||
| Q2 25 | $-78.8M | $-68.0M | ||
| Q1 25 | $-47.9M | $-6.0M | ||
| Q4 24 | $302.6M | $86.0M | ||
| Q3 24 | $-222.5M | $58.0M | ||
| Q2 24 | $-112.4M | $17.0M | ||
| Q1 24 | $-249.6M | $-13.0M |
| Q4 25 | 11.2% | -0.5% | ||
| Q3 25 | -14.0% | 4.3% | ||
| Q2 25 | -6.8% | -5.9% | ||
| Q1 25 | -4.8% | -0.5% | ||
| Q4 24 | 19.4% | 6.9% | ||
| Q3 24 | -22.1% | 4.8% | ||
| Q2 24 | -10.6% | 1.6% | ||
| Q1 24 | -30.2% | -1.2% |
| Q4 25 | 0.6% | 1.0% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.9% | 1.7% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 0.3% | 1.1% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.3% | 1.4% |
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | -0.70× | ||
| Q1 25 | -0.81× | 0.14× | ||
| Q4 24 | 2.35× | 2.00× | ||
| Q3 24 | -2.90× | 0.86× | ||
| Q2 24 | -1.37× | 0.81× | ||
| Q1 24 | -4.54× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
