diff --git a/esphome/core/application.cpp b/esphome/core/application.cpp
index 6bebd3b927..fc6ed732be 100644
--- a/esphome/core/application.cpp
+++ b/esphome/core/application.cpp
@@ -57,14 +57,7 @@ void Application::setup() {
   }
 
   ESP_LOGI(TAG, "setup() finished successfully!");
-  this->dump_config();
-}
-void Application::dump_config() {
-  ESP_LOGI(TAG, "esphome version " ESPHOME_VERSION " compiled on %s", this->compilation_time_.c_str());
-
-  for (auto component : this->components_) {
-    component->dump_config();
-  }
+  this->schedule_dump_config();
 }
 void Application::loop() {
   uint32_t new_app_state = 0;
@@ -97,9 +90,13 @@ void Application::loop() {
   }
   this->last_loop_ = now;
 
-  if (this->dump_config_scheduled_) {
-    this->dump_config();
-    this->dump_config_scheduled_ = false;
+  if (this->dump_config_at_ >= 0 && this->dump_config_at_ < this->components_.size()) {
+    if (this->dump_config_at_ == 0) {
+      ESP_LOGI(TAG, "esphome version " ESPHOME_VERSION " compiled on %s", this->compilation_time_.c_str());
+    }
+
+    this->components_[this->dump_config_at_]->dump_config();
+    this->dump_config_at_++;
   }
 }
 
diff --git a/esphome/core/application.h b/esphome/core/application.h
index 2ee8404a9f..c4cc1f27a8 100644
--- a/esphome/core/application.h
+++ b/esphome/core/application.h
@@ -109,8 +109,7 @@ class Application {
    */
   void set_loop_interval(uint32_t loop_interval) { this->loop_interval_ = loop_interval; }
 
-  void dump_config();
-  void schedule_dump_config() { this->dump_config_scheduled_ = true; }
+  void schedule_dump_config() { this->dump_config_at_ = 0; }
 
   void feed_wdt();
 
@@ -234,7 +233,7 @@ class Application {
   std::string compilation_time_;
   uint32_t last_loop_{0};
   uint32_t loop_interval_{16};
-  bool dump_config_scheduled_{false};
+  int dump_config_at_{-1};
   uint32_t app_state_{0};
 };