Dream Finders Homes
DFH · Homebuilding
$10.25
1.3%M/I Homes
MHO · Homebuilding
$123.97
0.5%The short version
- M/I Homes is the larger business, with $4.4B of revenue in fiscal 2025 against $4.3B for Dream Finders Homes.
- M/I Homes grew revenue faster (−1.9%, against −2.9%).
- M/I Homes turned more of its sales into free cash flow (2.9% FCF margin, against −2.9% FCF margin).
- Investors pay more for each dollar of M/I Homes’s earnings: a P/E of 11.8x against 7.2x for Dream Finders Homes.
| Latest fiscal year | DFH · FY25 | MHO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $936M | $3.2B |
| Revenue | $4.3B | $4.4B |
| Free cash flow | −$126M | $128M |
| Net income | $217M | $403M |
| Growth | ||
| Revenue growth | −2.9% | −1.9% |
| 5-year growth | 30.7% | 7.7% |
| Share count change | 1.0% | −4.4% |
| Profitability | ||
| Gross margin | — | 23.0% |
| Operating margin | — | 11.5% |
| Net margin | 5.0% | 9.1% |
| FCF margin | −2.9% | 2.9% |
| Return on capital | 17.2% | — |
| Return on equity | 16.3% | 13.2% |
| Balance sheet | ||
| Net debt | $1.4B | — |
| Net debt / EBITDA | 2.4x | — |
| Dividends and buybacks | $41.7M | $202M |
| Valuation & quality | ||
| P/E | 7.2x | 11.8x |
| Piotroski F-score | — | — |
FY16
DFH —
MHO $1.7B
FY17
DFH —
MHO $2.0B
FY18
DFH —
MHO $2.3B
FY19
DFH $744M
MHO $2.5B
FY20
DFH $1.1B
MHO $3.0B
FY21
DFH $1.9B
MHO $3.7B
FY22
DFH $3.3B
MHO $4.1B
FY23
DFH $3.7B
MHO $4.0B
FY24
DFH $4.4B
MHO $4.5B
FY25
DFH $4.3B
MHO $4.4B
DFH
MHO
FY16
DFH —
MHO 6.4%
FY17
DFH —
MHO 7.1%
FY18
DFH —
MHO 7.1%
FY19
DFH —
MHO 7.5%
FY20
DFH —
MHO 10.5%
FY21
DFH —
MHO 13.8%
FY22
DFH —
MHO 15.4%
FY23
DFH —
MHO 14.6%
FY24
DFH —
MHO 15.7%
FY25
DFH —
MHO 11.5%
DFH
MHO
FY16
DFH —
MHO $21.1M
FY17
DFH —
MHO −$62.0M
FY18
DFH —
MHO −$10.7M
FY19
DFH $27.5M
MHO $61.1M
FY20
DFH $94.0M
MHO $157M
FY21
DFH $62.2M
MHO −$42.1M
FY22
DFH −$33.2M
MHO $175M
FY23
DFH $369M
MHO $546M
FY24
DFH −$282M
MHO $171M
FY25
DFH −$126M
MHO $128M
DFH
MHO
FY16
DFH —
MHO —
FY17
DFH —
MHO —
FY18
DFH —
MHO —
FY19
DFH —
MHO —
FY20
DFH —
MHO —
FY21
DFH —
MHO —
FY22
DFH —
MHO —
FY23
DFH —
MHO —
FY24
DFH —
MHO —
FY25
DFH 17.2%
MHO —
DFH
MHO
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.