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Dream Finders Homes
(NYSE:DFH)
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Rating:53Neutral
Price Target:
$17.00
▲(14.71% Upside)
Action:Reiterated
Date:06/23/26
The score is held back primarily by weakening fundamentals (margin compression, higher leverage, and negative operating/free cash flow) and a weak technical setup (trading below key moving averages). These are partially offset by an attractive low P/E valuation and generally positive corporate actions, though M&A introduces added execution risk.
Positive Factors
Acquisitive, land-light growth model
A repeated, land-light M&A playbook provides a durable route to scale and geographic diversification without heavy capital in lots. The cited track record of 10 integrations suggests institutionalized deal processes and cost synergies potential that can sustainably support growth over the next few quarters.
Negative Factors
Sharp rise in leverage
A sizable jump in absolute debt and a debt-to-equity around 1.21 materially reduces financial flexibility in a cyclical homebuilding sector. Elevated leverage increases refinancing and interest-rate exposure, constraining the firm's ability to invest, absorb downturns, or fund further acquisitions without raising costly external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Acquisitive, land-light growth model
A repeated, land-light M&A playbook provides a durable route to scale and geographic diversification without heavy capital in lots. The cited track record of 10 integrations suggests institutionalized deal processes and cost synergies potential that can sustainably support growth over the next few 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
$1.54B
Dividend YieldN/A
Average Volume (3M)826.90K
Price to Earnings (P/E)8.9
Beta (1Y)1.30
Revenue Growth-8.51%
EPS Growth-49.37%
CountryUS
Employees1,686
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)1.89
Shares Outstanding33,809,280
10 Day Avg. Volume673,827
30 Day Avg. Volume826,897
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 Cap1.79
Enterprise Value/Revenue0.65
Enterprise Value/Gross Profit3.99
Enterprise Value/Ebitda10.52
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)1.42
Revenue Forecast (FY)$4.33B
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 primarily makes money by selling newly constructed homes to individual homebuyers. Revenue is recognized from home sales (the contracted sale price) when the home is delivered/closed to the buyer, and the company’s homebuilding revenue is driv...
Dream Finders Homes Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.22B | 4.32B | 4.45B | 3.75B | 3.34B | 1.92B |
| Gross Profit | 690.78M | 754.77M | 828.58M | 736.77M | 620.20M | 313.58M |
| EBITDA | 261.94M | 313.26M | 455.07M | 422.32M | 373.28M | 172.57M |
| Net Income | 175.55M | 217.20M | 335.34M | 295.90M | 262.31M | 122.38M |
Balance Sheet | ||||||
| Total Assets | 3.97B | 3.73B | 3.33B | 2.56B | 2.37B | 1.89B |
| Cash, Cash Equivalents and Short-Term Investments | 479.01M | 234.77M | 274.38M | 494.14M | 364.53M | 227.23M |
| Total Debt | 1.89B | 591.06M | 1.30B | 845.42M | 990.91M | 786.41M |
| Total Liabilities | 2.38B | 2.12B | 1.91B | 1.48B | 1.57B | 1.34B |
| Stockholders Equity | 1.56B | 1.57B | 1.39B | 1.07B | 787.72M | 532.30M |
Cash Flow | ||||||
| Free Cash Flow | -133.31M | -126.37M | -281.99M | 369.45M | -33.17M | 62.20M |
| Operating Cash Flow | -105.41M | -100.57M | -256.65M | 374.23M | -27.62M | 64.97M |
| Investing Cash Flow | -121.22M | -225.84M | -221.67M | -4.48M | -5.52M | -523.04M |
| Financing Cash Flow | 357.55M | 270.98M | 269.69M | -216.42M | 146.96M | 646.02M |
Dream Finders Homes Technical Analysis
Positive
14.82
Price Trends
14.90
Positive
15.59
Positive
18.17
Negative
Market Momentum
0.62
Negative
59.18
Neutral
71.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFH, the sentiment is Positive. The current price of 14.82 is below the 20-day moving average (MA) of 15.52, below the 50-day MA of 14.90, and below the 200-day MA of 18.17, indicating a neutral trend. The MACD of 0.62 indicates Negative momentum. The RSI at 59.18 is Neutral, neither overbought nor oversold. The STOCH value of 71.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $3.42B | 11.62 | 16.38% | ― | -6.58% | -18.09% | |
70 Outperform | $4.01B | 11.55 | 11.42% | ― | -1.83% | -30.18% | |
63 Neutral | $2.01B | 15.62 | 5.16% | 1.99% | -7.87% | -54.59% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $1.44B | 20.32 | 3.39% | ― | -22.62% | -60.74% | |
53 Neutral | $1.54B | 8.87 | 11.44% | ― | -8.51% | -49.37% |
* Consumer Cyclical Sector Average
DFH
Dream Finders Homes
16.79
-9.23
-35.47%
MHO
M/I Homes
156.84
44.93
40.15%
LGIH
LGI Homes
62.03
9.87
18.92%
CCS
Century Communities
69.99
12.85
22.50%
GRBK
Green Brick Partners
79.25
15.84
24.98%
Dream Finders Homes Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Dream Finders Homes Completes Texas Reincorporation and Governance Changes
Positive
Jun 10, 2026
Dream Finders Homes completed its reincorporation from Delaware to Texas on June 9, 2026, with its internal affairs now governed by Texas law under a new charter and bylaws, while maintaining the continuity of its business operations, workforce, c...
Business Operations and StrategyExecutive/Board Changes
Dream Finders Homes Elevates Szubinski to Chief Operating Officer
Positive
Jun 5, 2026
On June 1, 2026, Dream Finders Homes, Inc. appointed industry veteran Clint Szubinski as chief operating officer, elevating him from his new role as national senior vice president and pairing him with National President Doug Moran in a transitiona...
Business Operations and StrategyM&A Transactions
Dream Finders Reaffirms All-Cash Bid for Beazer Homes
Positive
May 21, 2026
On May 21, 2026, Dream Finders Homes released an investor presentation reaffirming its May 5, 2026 all-cash proposal to acquire Beazer Homes USA for $25.75 per share, valuing Beazer at about $704 million, a roughly 40% premium to Beazer’s Ma...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Dream Finders Homes Proposes All-Cash Acquisition of Beazer
Positive
May 11, 2026
On May 11, 2026, Dream Finders Homes announced it had submitted a proposal to acquire all outstanding shares of Beazer Homes USA in an all-cash deal valued at approximately $704 million, offering $25.75 per share, a roughly 40% premium to Beazer&#...
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.