Want to see DFH full AI Analyst Report?
Top Page
Dream Finders Homes
(NYSE:DFH)
Select Model
Select Model
Rating:50Neutral
Price Target:
$9.50
▼(-37.95% Downside)
Action:Reiterated
Date:09/15/26
DFH scores 50 mainly due to weakening fundamentals (revenue and margin compression) and multi-period negative operating/free cash flow, alongside bearish price momentum. These risks are partly offset by a low P/E valuation and potentially positive strategic upside from the Beazer acquisition and related financing, though execution and capital-structure complexity remain meaningful.
Positive Factors
Land-light operating model
The land-light strategy can reduce upfront capital requirements and limit exposure to owning undeveloped land outright. By controlling lots while retaining homebuilding economics, DFH may preserve flexibility to expand communities and manage cycle risk over the next several quarters.
Negative Factors
Revenue and margin compression
The contraction in revenue and sharp decline from prior peak gross and net margins show that current earnings power is under pressure. Persistent margin erosion can reduce funds available for growth, weaken returns on capital, and make results more sensitive to housing demand and cost changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Land-light operating model
The land-light strategy can reduce upfront capital requirements and limit exposure to owning undeveloped land outright. By controlling lots while retaining homebuilding economics, DFH may preserve flexibility to expand communities and manage cycle risk over the next several quarters.
Read all positive factors
Dream Finders Homes Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyDream Finders Homes (DFH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$849.22M
Dividend YieldN/A
Average Volume (3M)991.59K
Price to Earnings (P/E)5.9
Beta (1Y)1.22
Revenue Growth-12.20%
EPS Growth-54.76%
CountryUS
Employees1,911
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)1.58
Shares Outstanding32,808,964
10 Day Avg. Volume1,118,524
30 Day Avg. Volume991,592
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)1.01
Price to Sales (P/S)0.37
P/FCF Ratio-12.60
Enterprise Value/Market Cap3.91
Enterprise Value/Revenue0.80
Enterprise Value/Gross Profit5.73
Enterprise Value/Ebitda23.39
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.13
Revenue Forecast (FY)$4.25B
Dream Finders Homes Business Overview & Revenue Model
Company Description
Dream Finders Homes, Inc. serves as a holding entity for Dream Finders Holdings LLC, operating primarily in the residential construction industry throughout the United States. The company focuses on designing, building, and selling a variety of si...
How the Company Makes Money
DFH generates the majority of its revenue from homebuilding by selling newly constructed homes to retail buyers. Revenue is recognized primarily at the point a home sale closes and control transfers to the buyer, and the company’s profitability is...
Dream Finders Homes Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.13B | 4.32B | 4.45B | 3.75B | 3.34B | 1.92B |
| Gross Profit | 579.57M | 754.77M | 828.58M | 736.77M | 620.20M | 313.58M |
| EBITDA | 141.93M | 313.26M | 455.07M | 422.32M | 373.28M | 172.57M |
| Net Income | 146.69M | 217.20M | 335.34M | 295.90M | 262.31M | 122.38M |
Balance Sheet | ||||||
| Total Assets | 3.96B | 3.73B | 3.33B | 2.56B | 2.37B | 1.89B |
| Cash, Cash Equivalents and Short-Term Investments | 203.49M | 234.77M | 274.38M | 494.14M | 364.53M | 227.23M |
| Total Debt | 592.34M | 591.06M | 1.30B | 845.42M | 990.91M | 786.41M |
| Total Liabilities | 2.35B | 2.12B | 1.91B | 1.48B | 1.57B | 1.34B |
| Stockholders Equity | 1.58B | 1.57B | 1.39B | 1.07B | 787.72M | 532.30M |
Cash Flow | ||||||
| Free Cash Flow | -161.75M | -126.37M | -281.99M | 369.45M | -33.17M | 62.20M |
| Operating Cash Flow | -138.45M | -100.57M | -256.65M | 374.23M | -27.62M | 64.97M |
| Investing Cash Flow | -45.13M | -225.84M | -221.67M | -4.48M | -5.52M | -523.04M |
| Financing Cash Flow | 178.94M | 270.98M | 269.69M | -216.42M | 146.96M | 646.02M |
Dream Finders Homes Technical Analysis
Negative
15.31
Price Trends
12.88
Negative
14.13
Negative
15.37
Negative
Market Momentum
-1.00
Positive
28.08
Positive
14.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFH, the sentiment is Negative. The current price of 15.31 is above the 20-day moving average (MA) of 11.02, above the 50-day MA of 12.88, and below the 200-day MA of 15.37, indicating a bearish trend. The MACD of -1.00 indicates Positive momentum. The RSI at 28.08 is Positive, neither overbought nor oversold. The STOCH value of 14.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DFH.
Dream Finders Homes Risk Analysis
Dream Finders Homes disclosed 55 risk factors in its most recent earnings report. Dream Finders Homes reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dream Finders Homes Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.23B | 10.53 | 9.97% | ― | -4.94% | -35.08% | |
62 Neutral | $1.02B | 15.30 | 3.15% | ― | -16.52% | -57.00% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $1.58B | 12.16 | 5.21% | 2.25% | -8.37% | -45.09% | |
53 Neutral | $515.91M | 14.15 | 7.82% | ― | -1.19% | -55.97% | |
52 Neutral | $891.37M | -114.30 | -0.65% | ― | -12.75% | -112.80% | |
50 Neutral | $849.22M | 5.94 | 9.41% | ― | -12.20% | -54.76% |
* Consumer Cyclical Sector Average
DFH
Dream Finders Homes
9.38
-13.95
-59.79%
BZH
Beazer Homes
33.41
11.47
52.28%
MHO
M/I Homes
127.82
-1.90
-1.46%
LGIH
LGI Homes
43.82
0.59
1.36%
CCS
Century Communities
55.67
-0.96
-1.69%
SDHC
Smith Douglas Homes Corp. Class A
10.15
-5.60
-35.56%
Dream Finders Homes Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Dream Finders Homes Issues New Preferred Stock Financing
Positive
Sep 15, 2026
On September 14, 2026, Dream Finders Homes issued 225,000 shares of newly created Series B Convertible Preferred Stock for $225 million to institutional investors, using the proceeds to redeem all outstanding Series A Convertible Preferred Stock a...
Executive/Board ChangesRegulatory Filings and Compliance
Dream Finders Homes Raises Compensation Limits for Directors
Neutral
Aug 21, 2026
On August 20, 2026, Dream Finders Homes, Inc.’s board approved amendments to its 2021 Equity Incentive Plan that raise the annual compensation cap for certain non‑employee directors in leadership roles to $400,000 and adjust how the fa...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Dream Finders Homes Announces Major Beazer Homes Merger
Positive
Aug 18, 2026
Dream Finders Homes, Inc. entered into a merger agreement on August 6, 2026, to combine Bulldogs Merger Sub, Inc. with Beazer Homes USA, Inc., leaving Beazer as a wholly owned subsidiary and significantly expanding the company’s scale in the...
Business Operations and Strategy
Dream Finders Homes Redeems Series A Preferred Shares
Neutral
Aug 14, 2026
On August 14, 2026, Dream Finders Homes, Inc. announced that it will redeem all 150,000 outstanding shares of its Series A Convertible Preferred Stock on September 14, 2026. The redemption will be executed at a price of $1,028.50 per share, for a ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Dream Finders Homes Announces Beazer Homes Acquisition Deal
Positive
Aug 7, 2026
On August 6, 2026, Dream Finders entered into a definitive all-cash merger agreement to acquire Beazer Homes for an enterprise value of about $2.2 billion, with Beazer shareholders to receive $33.50 per share. The boards of both companies unanimou...
Business Operations and StrategyExecutive/Board Changes
Dream Finders Homes Expands Board, Adds Independent Leaders
Positive
Jul 17, 2026
On July 13, 2026, Dream Finders Homes, Inc. expanded its Board of Directors from five to seven members and appointed veteran homebuilding executive Richard Beckwitt and banking and finance specialist Steven Fischer as new directors. Beckwitt was n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.