Dream Finders Homes Inc (DFH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,045,630 | 736,773 | 620,196 | 313,578 |
| Revenue | US$ in thousands | 4,451,610 | 3,748,590 | 3,342,340 | 1,923,910 |
| Gross profit margin | 90.88% | 19.65% | 18.56% | 16.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,045,630K ÷ $4,451,610K
= 90.88%
The gross profit margin of Dream Finders Homes Inc has shown an upward trend over the past few years, starting at 16.30% as of December 31, 2021, and increasing steadily to 18.56% by December 31, 2022, further improving to 19.65% by December 31, 2023. However, there was a significant spike in the gross profit margin to 90.88% as of December 31, 2024.
This sudden and substantial increase in the gross profit margin in 2024 may be attributed to various factors such as significant cost reductions, increased efficiencies, changes in product mix, or other strategic decisions made by the company during that period. It is essential for stakeholders to carefully evaluate the circumstances surrounding this drastic change to understand its sustainability and impact on the overall financial health and performance of Dream Finders Homes Inc.
Peer comparison
Dec 31, 2024