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Side-by-side financial comparison of Bally's Corp (BALY) 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 $746.2M, roughly 1.5× Bally's Corp). M/I HOMES, INC. runs the higher net margin — 5.6% vs -47.3%, a 52.9% gap on every dollar of revenue. On growth, Bally's Corp posted the faster year-over-year revenue change (28.6% vs -4.8%). Over the past eight quarters, Bally's Corp's revenue compounded faster (9.8% CAGR vs 4.7%).
Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island. In the US it operates 19 casinos across 11 states, a horse track in Colorado, a golf course in New York, and online sports betting operations in 14 states. In Australia, it operates two properties across two states through its Star Entertainment Group subsidiary.
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.
BALY vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $746.2M | $1.1B |
| Net Profit | $-353.2M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | -36.8% | 6.5% |
| Net Margin | -47.3% | 5.6% |
| Revenue YoY | 28.6% | -4.8% |
| Net Profit YoY | -311.8% | -52.1% |
| EPS (diluted) | $-5.84 | $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 | $746.2M | $1.1B | ||
| Q3 25 | $663.7M | $1.1B | ||
| Q2 25 | $657.5M | $1.2B | ||
| Q1 25 | $368.7M | $976.1M | ||
| Q4 24 | $580.4M | $1.2B | ||
| Q3 24 | $630.0M | $1.1B | ||
| Q2 24 | $621.7M | $1.1B | ||
| Q1 24 | $618.5M | $1.0B |
| Q4 25 | $-353.2M | $64.0M | ||
| Q3 25 | $-102.9M | $106.5M | ||
| Q2 25 | $-228.4M | $121.2M | ||
| Q1 25 | $34.5M | $111.2M | ||
| Q4 24 | $-85.8M | $133.5M | ||
| Q3 24 | $-247.9M | $145.4M | ||
| Q2 24 | $-60.2M | $146.7M | ||
| Q1 24 | $-173.9M | $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 | -36.8% | 6.5% | ||
| Q3 25 | 0.1% | 12.0% | ||
| Q2 25 | -0.4% | 13.4% | ||
| Q1 25 | -0.5% | 14.4% | ||
| Q4 24 | -5.6% | 13.6% | ||
| Q3 24 | -25.0% | 15.9% | ||
| Q2 24 | 0.9% | 16.8% | ||
| Q1 24 | -12.0% | 16.6% |
| Q4 25 | -47.3% | 5.6% | ||
| Q3 25 | -15.5% | 9.4% | ||
| Q2 25 | -34.7% | 10.4% | ||
| Q1 25 | 9.4% | 11.4% | ||
| Q4 24 | -14.8% | 11.1% | ||
| Q3 24 | -39.3% | 12.7% | ||
| Q2 24 | -9.7% | 13.2% | ||
| Q1 24 | -28.1% | 13.2% |
| Q4 25 | $-5.84 | $2.42 | ||
| Q3 25 | $-1.70 | $3.92 | ||
| Q2 25 | $-3.76 | $4.42 | ||
| Q1 25 | $0.57 | $3.98 | ||
| Q4 24 | $-1.76 | $4.71 | ||
| Q3 24 | $-5.10 | $5.10 | ||
| Q2 24 | $-1.24 | $5.12 | ||
| Q1 24 | $-3.61 | $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 | $798.4M | — |
| Total DebtLower is stronger | $4.5B | — |
| Stockholders' EquityBook value | $994.7M | $3.2B |
| Total Assets | $11.2B | $4.8B |
| Debt / EquityLower = less leverage | 4.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $798.4M | — | ||
| Q3 25 | $160.7M | — | ||
| Q2 25 | $174.6M | — | ||
| Q1 25 | $209.7M | — | ||
| Q4 24 | $171.2M | — | ||
| Q3 24 | $191.0M | — | ||
| Q2 24 | $154.7M | — | ||
| Q1 24 | $169.4M | — |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
| Q4 25 | $994.7M | $3.2B | ||
| Q3 25 | $521.5M | $3.1B | ||
| Q2 25 | $630.1M | $3.1B | ||
| Q1 25 | $796.5M | $3.0B | ||
| Q4 24 | $30.9M | $2.9B | ||
| Q3 24 | $233.4M | $2.8B | ||
| Q2 24 | $393.1M | $2.7B | ||
| Q1 24 | $449.4M | $2.6B |
| Q4 25 | $11.2B | $4.8B | ||
| Q3 25 | $7.6B | $4.8B | ||
| Q2 25 | $7.8B | $4.7B | ||
| Q1 25 | $7.5B | $4.6B | ||
| Q4 24 | $5.9B | $4.5B | ||
| Q3 24 | $6.4B | $4.5B | ||
| Q2 24 | $6.6B | $4.3B | ||
| Q1 24 | $6.6B | $4.2B |
| Q4 25 | 4.52× | — | ||
| Q3 25 | 7.17× | — | ||
| Q2 25 | 5.68× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 107.40× | — | ||
| Q3 24 | 15.73× | — | ||
| Q2 24 | 9.34× | — | ||
| Q1 24 | 8.19× | — |
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 | — | $-8.7M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.1% |
| Capex IntensityCapex / Revenue | 5.1% | 0.4% |
| Cash ConversionOCF / Net Profit | — | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-8.7M | ||
| Q3 25 | $-88.6M | $43.4M | ||
| Q2 25 | — | $37.8M | ||
| Q1 25 | $42.0M | $64.9M | ||
| Q4 24 | $37.8M | $104.4M | ||
| Q3 24 | $36.5M | $-67.9M | ||
| Q2 24 | $47.6M | $27.5M | ||
| Q1 24 | $-7.9M | $115.8M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $-139.3M | $42.0M | ||
| Q2 25 | — | $35.1M | ||
| Q1 25 | $11.5M | $63.5M | ||
| Q4 24 | $-5.9M | $102.3M | ||
| Q3 24 | $-55.8M | $-68.5M | ||
| Q2 24 | $11.8M | $22.0M | ||
| Q1 24 | $-35.9M | $115.5M |
| Q4 25 | — | -1.1% | ||
| Q3 25 | -21.0% | 3.7% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 3.1% | 6.5% | ||
| Q4 24 | -1.0% | 8.5% | ||
| Q3 24 | -8.9% | -6.0% | ||
| Q2 24 | 1.9% | 2.0% | ||
| Q1 24 | -5.8% | 11.0% |
| Q4 25 | 5.1% | 0.4% | ||
| Q3 25 | 7.6% | 0.1% | ||
| Q2 25 | 7.4% | 0.2% | ||
| Q1 25 | 8.3% | 0.1% | ||
| Q4 24 | 7.5% | 0.2% | ||
| Q3 24 | 14.7% | 0.1% | ||
| Q2 24 | 5.7% | 0.5% | ||
| Q1 24 | 4.5% | 0.0% |
| Q4 25 | — | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | 1.22× | 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
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
