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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
M/I HOMES, INC. is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Alignment Healthcare, Inc.). M/I HOMES, INC. runs the higher net margin — 5.6% vs -1.1%, a 6.7% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs -4.8%). M/I HOMES, INC. produced more free cash flow last quarter ($-13.0M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 4.7%).
Alignment Healthcare, Inc. is a U.S.-based healthcare provider offering Medicare Advantage plans for seniors. It adopts a value-based care model, partnering with local providers to deliver personalized coordinated medical services, prescription drug coverage and supplemental benefits to members across multiple U.S. states.
M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.
ALHC vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.1B |
| Net Profit | $-11.0M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | -1.0% | 6.5% |
| Net Margin | -1.1% | 5.6% |
| Revenue YoY | 44.4% | -4.8% |
| Net Profit YoY | 64.6% | -52.1% |
| EPS (diluted) | $-0.04 | $2.42 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $993.7M | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $926.9M | $976.1M | ||
| Q4 24 | $701.2M | $1.2B | ||
| Q3 24 | $692.4M | $1.1B | ||
| Q2 24 | $681.3M | $1.1B | ||
| Q1 24 | $628.6M | $1.0B |
| Q4 25 | $-11.0M | $64.0M | ||
| Q3 25 | $3.7M | $106.5M | ||
| Q2 25 | $15.7M | $121.2M | ||
| Q1 25 | $-9.1M | $111.2M | ||
| Q4 24 | $-31.1M | $133.5M | ||
| Q3 24 | $-26.4M | $145.4M | ||
| Q2 24 | $-24.0M | $146.7M | ||
| Q1 24 | $-46.5M | $138.1M |
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.1% |
| Q4 25 | -1.0% | 6.5% | ||
| Q3 25 | 0.8% | 12.0% | ||
| Q2 25 | 2.2% | 13.4% | ||
| Q1 25 | -0.6% | 14.4% | ||
| Q4 24 | -3.2% | 13.6% | ||
| Q3 24 | -2.8% | 15.9% | ||
| Q2 24 | -2.7% | 16.8% | ||
| Q1 24 | -6.5% | 16.6% |
| Q4 25 | -1.1% | 5.6% | ||
| Q3 25 | 0.4% | 9.4% | ||
| Q2 25 | 1.5% | 10.4% | ||
| Q1 25 | -1.0% | 11.4% | ||
| Q4 24 | -4.4% | 11.1% | ||
| Q3 24 | -3.8% | 12.7% | ||
| Q2 24 | -3.5% | 13.2% | ||
| Q1 24 | -7.4% | 13.2% |
| Q4 25 | $-0.04 | $2.42 | ||
| Q3 25 | $0.02 | $3.92 | ||
| Q2 25 | $0.07 | $4.42 | ||
| Q1 25 | $-0.05 | $3.98 | ||
| Q4 24 | $-0.15 | $4.71 | ||
| Q3 24 | $-0.14 | $5.10 | ||
| Q2 24 | $-0.13 | $5.12 | ||
| Q1 24 | $-0.25 | $4.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $604.2M | — |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $3.2B |
| Total Assets | $1.1B | $4.8B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | — | ||
| Q3 25 | $644.1M | — | ||
| Q2 25 | $503.8M | — | ||
| Q1 25 | $479.5M | — | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | — | ||
| Q2 24 | $363.7M | — | ||
| Q1 24 | $301.7M | — |
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — | ||
| Q1 24 | $162.0M | — |
| Q4 25 | $179.3M | $3.2B | ||
| Q3 25 | $161.9M | $3.1B | ||
| Q2 25 | $141.0M | $3.1B | ||
| Q1 25 | $108.1M | $3.0B | ||
| Q4 24 | $99.9M | $2.9B | ||
| Q3 24 | $114.5M | $2.8B | ||
| Q2 24 | $123.7M | $2.7B | ||
| Q1 24 | $130.9M | $2.6B |
| Q4 25 | $1.1B | $4.8B | ||
| Q3 25 | $1.1B | $4.8B | ||
| Q2 25 | $1.0B | $4.7B | ||
| Q1 25 | $895.6M | $4.6B | ||
| Q4 24 | $782.1M | $4.5B | ||
| Q3 24 | $692.3M | $4.5B | ||
| Q2 24 | $716.3M | $4.3B | ||
| Q1 24 | $633.2M | $4.2B |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.71× | — | ||
| Q1 24 | 1.24× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-50.4M | $-8.7M |
| Free Cash FlowOCF − Capex | $-55.4M | $-13.0M |
| FCF MarginFCF / Revenue | -5.5% | -1.1% |
| Capex IntensityCapex / Revenue | 0.5% | 0.4% |
| Cash ConversionOCF / Net Profit | — | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $-8.7M | ||
| Q3 25 | $144.6M | $43.4M | ||
| Q2 25 | $29.1M | $37.8M | ||
| Q1 25 | $16.6M | $64.9M | ||
| Q4 24 | $-8.7M | $104.4M | ||
| Q3 24 | $26.2M | $-67.9M | ||
| Q2 24 | $23.5M | $27.5M | ||
| Q1 24 | $-6.2M | $115.8M |
| Q4 25 | $-55.4M | $-13.0M | ||
| Q3 25 | $139.1M | $42.0M | ||
| Q2 25 | $21.1M | $35.1M | ||
| Q1 25 | $8.4M | $63.5M | ||
| Q4 24 | $-18.0M | $102.3M | ||
| Q3 24 | $16.9M | $-68.5M | ||
| Q2 24 | $11.8M | $22.0M | ||
| Q1 24 | $-17.4M | $115.5M |
| Q4 25 | -5.5% | -1.1% | ||
| Q3 25 | 14.0% | 3.7% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | 0.9% | 6.5% | ||
| Q4 24 | -2.6% | 8.5% | ||
| Q3 24 | 2.4% | -6.0% | ||
| Q2 24 | 1.7% | 2.0% | ||
| Q1 24 | -2.8% | 11.0% |
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 0.9% | 0.1% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 1.7% | 0.5% | ||
| Q1 24 | 1.8% | 0.0% |
| Q4 25 | — | -0.14× | ||
| Q3 25 | 38.77× | 0.41× | ||
| Q2 25 | 1.86× | 0.31× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
