Dream Finders Homes vs M/i Homes
Dream Finders Homes and M/i Homes are similar in size: $4.32bn and $4.42bn of revenue in their latest fiscal years. M/i Homes grew faster (-1.9% against -2.9%). M/i Homes kept more of each dollar of sales as profit: a net margin of 9.1% against 5.0%. M/i Homes carries less debt relative to equity (0.0% against 112.7%).
| Latest fiscal year | Dream Finders HomesDFH, 2025 | M/i HomesMHO, 2025 |
|---|---|---|
| Revenue | $4.32bn | $4.42bn |
| Revenue growth | -2.9% | -1.9% |
| Net income | $217m | $403m |
| Operating margin | — | 11.5% |
| Net margin | 5.0% | 9.1% |
| Return on equity | 16.3% | 13.2% |
| Free cash flow | −$126m | $128m |
| Cash | $235m | $689m |
| Total debt | $1.61bn | $0 |
| Debt to equity | 112.7% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $41.7m | $202m |
| Employees | 1,911 | 1,801 |
| Market value | $916m | $3.36bn |
| Price vs our value range | — | Within our value range |
| Moat score | 38 (Weak) | 61 (Moderate) |
| Insider trades, 12 months | 8 buys, 13 sales | 0 buys, 41 sales |