DFH - Dream Finders Homes, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$38.00
DETAILS
HIGH:
$38.00
LOW:
$38.00
MEDIAN:
$38.00
CONSENSUS:
$38.00
UPSIDE:
160.45%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 4,322.8 | 4,451.6 | 3,748.6 | 3,342.3 | 1,923.9 | 1,133.8 | 976.6 | 522.3 |
| Cost of Revenue | 3,568.1 | 3,623.0 | 3,011.8 | 2,722.1 | 1,610.3 | 962.9 | 844.4 | 454.4 |
| Gross Profit | 754.8 | 828.6 | 736.8 | 620.2 | 313.6 | 170.9 | 132.2 | 67.9 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 485.2 | 395.8 | 308.8 | 271.0 | 154.4 | 90.8 | 83.0 | 43.5 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 485.2 | 395.8 | 308.8 | 271.0 | 154.4 | 90.8 | 83.0 | 43.5 |
| Operating Income | ||||||||
| Operating Income | 269.6 | 432.8 | 428.0 | 349.2 | 159.2 | 80.1 | 49.2 | 24.3 |
| Interest Expense | 0 | 0 | 0.0 | 0.0 | 0.7 | 0.9 | 0.2 | 0.7 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 313.3 | 450.0 | 422.3 | 373.3 | 172.6 | 98.1 | 61.7 | 28.0 |
| EBIT | 284.1 | 432.8 | 404.4 | 356.2 | 162.7 | 85.4 | 48.5 | 23.9 |
| Income Before Tax | 284.1 | 437.9 | 404.4 | 356.2 | 162.0 | 84.5 | 47.1 | 23.3 |
| Income Tax Expense | 66.7 | 97.3 | 96.5 | 81.9 | 27.5 | 0 | 10.3 | 0 |
| Net Income | 217.2 | 335.3 | 295.9 | 262.3 | 122.4 | 79.1 | 31.0 | 17.3 |
| Per Share Data | ||||||||
| EPS (Basic) | 2.33 | 3.44 | 3.03 | 2.67 | 1.27 | 0.85 | 0.34 | 0.19 |
| EPS (Diluted) | 2.14 | 3.21 | 2.66 | 2.32 | 1.27 | 0.85 | 0.34 | 0.19 |
| Shares Outstanding | 93.1 | 93.5 | 93.1 | 92.7 | 92.5 | 92.5 | 92.5 | 92.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 234.8 | 274.4 | 494.1 | 364.5 | 227.2 | 43.7 | 44.0 | 19.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 39.1 | 34.1 | 30.9 | 43.5 | 33.5 | 16.8 | 0 | 0 |
| Inventory | 2,025.7 | 1,715.4 | 1,440.2 | 1,378.2 | 1,066.7 | 484.4 | 364.1 | 293.7 |
| Other Current Assets | 0 | 368.8 | 54.3 | 30.6 | 54.1 | 49.7 | 24.7 | 16.8 |
| Total Current Assets | 2,299.5 | 2,392.7 | 2,019.6 | 1,816.8 | 1,381.5 | 594.5 | 432.8 | 330.4 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 0 | 501.8 | 274.5 | 308.7 | 267.6 | 85.1 | 44.0 | 33.4 |
| Goodwill | 377.4 | 300.3 | 172.2 | 172.2 | 171.9 | 28.6 | 12.2 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 9.1 | 2.7 | 24.4 | 13.2 |
| Long-Term Investments | 26.6 | 11.5 | 15.4 | 14.0 | 16.0 | 4.5 | 8.4 | 6.3 |
| Other Non-Current Assets | (26.6) | 122.4 | 80.8 | 54.9 | 44.0 | 18.3 | 17.5 | 5.4 |
| Total Non-Current Assets | 377.4 | 936.0 | 542.9 | 554.3 | 512.8 | 139.2 | 82.1 | 45.1 |
| Total Assets | 3,727.5 | 3,328.7 | 2,562.4 | 2,371.1 | 1,894.2 | 733.7 | 514.9 | 375.4 |
| Current Liabilities | ||||||||
| Account Payables | 126.1 | 147.1 | 134.1 | 134.7 | 113.5 | 37.4 | 37.8 | 31.9 |
| Short-Term Debt | 591.1 | 991.0 | 530.4 | 966.2 | 763.3 | 289.9 | 217.7 | 163.2 |
| Deferred Revenue | 69.6 | 125.6 | 172.6 | 145.7 | 177.7 | 59.4 | 20.2 | 11.8 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 786.8 | 1,527.1 | 1,044.5 | 1,430.7 | 1,194.0 | 454.1 | 318.0 | 255.2 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 295.0 | 293.9 | 0 | 3.3 | 29.7 | 14.3 | 12.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 54.3 | 0 |
| Other Non-Current Liabilities | 1,336.6 | 68.0 | 116.8 | 115.1 | 120.8 | (36.2) | 5.5 | 17.6 |
| Total Non-Current Liabilities | 1,336.6 | 381.2 | 431.8 | 139.8 | 143.9 | 67.6 | 109.9 | 58.3 |
| Total Liabilities | 2,123.4 | 1,908.3 | 1,476.3 | 1,570.4 | 1,337.9 | 521.7 | 427.9 | 313.4 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 124.4 | 56.5 | 33.1 |
| Retained Earnings | 1,174.0 | 970.3 | 648.4 | 366.0 | 118.2 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,572.5 | 1,393.4 | 1,073.1 | 787.7 | 532.3 | 180.1 | 56.5 | 33.1 |
| Total Liabilities & Equity | 3,727.5 | 3,328.7 | 2,562.4 | 2,371.1 | 1,894.2 | 733.7 | 514.9 | 375.4 |
| Debt Metrics | ||||||||
| Total Debt | 591.1 | 1,304.2 | 845.4 | 990.9 | 786.4 | 334.3 | 247.6 | 192.1 |
| Net Debt | 356.3 | 1,029.8 | 351.3 | 626.4 | 559.2 | 290.6 | 203.6 | 172.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 58.8 | 340.6 | 307.9 | 274.3 | 134.6 | 79.1 | 44.9 | 23.3 |
| Depreciation & Amortization | 29.2 | 17.2 | 17.9 | 17.1 | 9.9 | 12.8 | 6.0 | 3.9 |
| Stock-Based Compensation | 24.9 | 18.8 | 14.1 | 6.8 | 5.2 | 0 | 0.9 | 0.9 |
| Change in Working Capital | (276.3) | (595.4) | 23.7 | (337.9) | (95.0) | 1.4 | (26.2) | (30.0) |
| Other Non-Cash Items | 27.3 | (23.7) | 32.9 | 12.4 | 11.3 | 2.1 | (1.6) | 3.1 |
| Operating Cash Flow | (100.6) | (256.6) | 374.2 | (27.6) | 65.0 | 95.3 | 23.8 | (2.5) |
| Investing Activities | ||||||||
| Capital Expenditure | (25.8) | (25.3) | (4.8) | (5.5) | (2.8) | (2.9) | (2.9) | (10.2) |
| Acquisitions | (184.5) | (178.1) | (0.1) | (0.1) | (520.8) | (20.5) | (15.0) | (1.8) |
| Purchases of Investments | (11.9) | 0 | 0 | (0.3) | 0 | (0.1) | 0 | (5.3) |
| Sales/Maturities of Investments | 12.5 | 0 | 0 | 0.4 | 0 | 6.6 | 0 | 3.5 |
| Other Investing Activities | (16.2) | (18.2) | 0.4 | 0.0 | 0.5 | 0 | 0.1 | 14.5 |
| Investing Cash Flow | (225.8) | (221.7) | (4.5) | (5.5) | (523.0) | (17.0) | (17.8) | 2.6 |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | 351.5 | (135.9) | 197.4 | 439.1 | (31.6) | 28.8 | 5.3 |
| Stock Repurchased | (41.7) | (20.3) | (0.3) | 0 | (25.5) | 0 | 0 | 0 |
| Dividends Paid | (13.5) | (13.5) | (13.2) | (13.7) | (23.3) | 0 | (8.3) | (11.7) |
| Other Financing Activities | 326.2 | (48.0) | (55.9) | (36.8) | (20.9) | (30.3) | (6.4) | 1.5 |
| Financing Cash Flow | 271.0 | 269.7 | (216.4) | 147.0 | 646.0 | (61.9) | 26.1 | (2.4) |
| Cash Position | ||||||||
| Net Change in Cash | (55.4) | (208.6) | 153.3 | 113.8 | 187.9 | 85.2 | 32.1 | (2.3) |
| Cash at Beginning | 339.8 | 548.5 | 395.1 | 281.3 | 93.4 | 0 | 36.6 | 38.9 |
| Cash at End | 284.4 | 339.8 | 548.5 | 395.1 | 281.3 | 85.2 | 68.7 | 36.6 |
| Free Cash Flow | (126.4) | (282.0) | 369.5 | (33.2) | 62.2 | 92.4 | 20.9 | (12.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 4,322.8 | 4,451.6 | 3,748.6 | 3,342.3 | 1,923.9 | 1,133.8 | 976.6 | 522.3 |
| Gross Profit | 754.8 | 828.6 | 736.8 | 620.2 | 313.6 | 170.9 | 132.2 | 67.9 |
| Operating Income | 269.6 | 432.8 | 428.0 | 349.2 | 159.2 | 80.1 | 49.2 | 24.3 |
| Net Income | 217.2 | 335.3 | 295.9 | 262.3 | 122.4 | 79.1 | 31.0 | 17.3 |
| EPS (Diluted) | 2.14 | 3.21 | 2.66 | 2.32 | 1.27 | 0.85 | 0.34 | 0.19 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 234.8 | 274.4 | 494.1 | 364.5 | 227.2 | 43.7 | 44.0 | 19.8 |
| Total Assets | 3,727.5 | 3,328.7 | 2,562.4 | 2,371.1 | 1,894.2 | 733.7 | 514.9 | 375.4 |
| Total Debt | 591.1 | 1,304.2 | 845.4 | 990.9 | 786.4 | 334.3 | 247.6 | 192.1 |
| Stockholders' Equity | 1,572.5 | 1,393.4 | 1,073.1 | 787.7 | 532.3 | 180.1 | 56.5 | 33.1 |
| Cash Flow | ||||||||
| Operating Cash Flow | (100.6) | (256.6) | 374.2 | (27.6) | 65.0 | 95.3 | 23.8 | (2.5) |
| Capital Expenditure | (25.8) | (25.3) | (4.8) | (5.5) | (2.8) | (2.9) | (2.9) | (10.2) |
| Free Cash Flow | (126.4) | (282.0) | 369.5 | (33.2) | 62.2 | 92.4 | 20.9 | (12.7) |