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Dream Finders Homes vs Toll Brothers: revenue, profit, margins and growth compared

Dream Finders Homes brought in $4.3B of revenue in fiscal 2025, Toll Brothers $11B in fiscal 2025. Revenue changed by -2.9% at Dream Finders Homes and +1.1% at Toll Brothers on the year before, so Toll Brothers grew faster. Dream Finders Homes kept 5.0% of its revenue as net profit, Toll Brothers 12.3%. Free cash flow was -$126.4M at Dream Finders Homes and $1B at Toll Brothers.

Side by side, latest fiscal year

DFHTOL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 31, 2025)
Revenue$4.3B$11B
Revenue growth-2.9%+1.1%
Net income$217.2M$1.3B
Net margin5.0%12.3%
Free cash flow-$126.4M$1B
Free cash flow margin-2.9%9.4%
Earnings per share (diluted)$2.14$13.49
Cash$234.8M$1.3B
Debt$1.6Bn/a
Price to earnings5.310.2
Market value$1B$12.8B
Dividend yieldn/a0.71%
Rank by revenue in sector#224 of 778 · Consumer discretionary#116 of 778 · Consumer discretionary

Over the years

Revenue
DFH FY2019: $744.3MDFH FY2021: $1.1BDFH FY2021: $1.9BDFH FY2022: $3.3BDFH FY2023: $3.7BDFH FY2024: $4.4BDFH FY2025: $4.3BTOL FY2018: $7.1BTOL FY2019: $7.2BTOL FY2020: $7.1BTOL FY2021: $8.8BTOL FY2022: $10.3BTOL FY2023: $10BTOL FY2024: $10.8BTOL FY2025: $11BFY18FY19FY20FY21FY22FY23FY24FY25
DFH $4.3BTOL $11B
Net income
DFH FY2019: $39.2MDFH FY2021: $79.1MDFH FY2021: $121.1MDFH FY2022: $262.3MDFH FY2023: $295.9MDFH FY2024: $335.3MDFH FY2025: $217.2MTOL FY2018: $748.2MTOL FY2019: $590MTOL FY2020: $446.6MTOL FY2021: $833.6MTOL FY2022: $1.3BTOL FY2023: $1.4BTOL FY2024: $1.6BTOL FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
DFH $217.2MTOL $1.3B
Net margin
DFH FY2019: 5.3%DFH FY2021: 7.0%DFH FY2021: 6.3%DFH FY2022: 7.8%DFH FY2023: 7.9%DFH FY2024: 7.5%DFH FY2025: 5.0%TOL FY2018: 10.5%TOL FY2019: 8.2%TOL FY2020: 6.3%TOL FY2021: 9.5%TOL FY2022: 12.5%TOL FY2023: 13.7%TOL FY2024: 14.5%TOL FY2025: 12.3%FY18FY19FY20FY21FY22FY23FY24FY25
DFH 5.0%TOL 12.3%
Revenue growth
DFH FY2021: +52.3%DFH FY2021: +69.7%DFH FY2022: +73.7%DFH FY2023: +12.2%DFH FY2024: +18.7%DFH FY2025: -2.9%TOL FY2019: +1.1%TOL FY2020: -2.0%TOL FY2021: +24.2%TOL FY2022: +16.9%TOL FY2023: -2.7%TOL FY2024: +8.5%TOL FY2025: +1.1%FY19FY20FY21FY22FY23FY24FY25
DFH -2.9%TOL +1.1%
Free cash flow
DFH FY2019: $27.5MDFH FY2021: $94MDFH FY2021: $62.2MDFH FY2022: -$33.2MDFH FY2023: $369.5MDFH FY2024: -$282MDFH FY2025: -$126.4MTOL FY2018: $560MTOL FY2019: $350.7MTOL FY2020: $898.6MTOL FY2021: $1.2BTOL FY2022: $915.1MTOL FY2023: $1.2BTOL FY2024: $936.5MTOL FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
DFH -$126.4MTOL $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Dream Finders Homes and Toll Brothers

Which is bigger by revenue, Dream Finders Homes or Toll Brothers?

Toll Brothers is bigger by revenue: $11B in fiscal 2025, against $4.3B for Dream Finders Homes in fiscal 2025.

Which keeps more of its revenue as profit, Dream Finders Homes or Toll Brothers?

Dream Finders Homes had a net margin of 5.0% in fiscal 2025; Toll Brothers had 12.3% in fiscal 2025.

Which grew revenue faster, Dream Finders Homes or Toll Brothers?

In their latest fiscal years revenue changed by -2.9% at Dream Finders Homes and +1.1% at Toll Brothers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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