Dream Finders Homes Inc (DFH)
Gross profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
---|---|---|---|---|
Gross profit | US$ in thousands | 736,773 | 620,196 | 313,578 |
Revenue | US$ in thousands | 3,748,590 | 3,342,340 | 1,923,910 |
Gross profit margin | 19.65% | 18.56% | 16.30% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $736,773K ÷ $3,748,590K
= 19.65%
Dream Finders Homes Inc has shown a steady improvement in its gross profit margin over the past three years. The gross profit margin increased from 16.30% in 2021 to 18.56% in 2022, and further to 19.65% in 2023. This upward trend indicates that the company has been able to effectively control its cost of goods sold while increasing its revenue, resulting in a higher percentage of revenue retained as gross profit. It suggests that Dream Finders Homes Inc has improved its operational efficiency and pricing strategies, leading to stronger profitability at the gross level. This positive trend in the gross profit margin reflects well on the company's ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023