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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) 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 $1.1B, roughly 1.1× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 5.6%, a 51.1% gap on every dollar of revenue.
Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation, and manages investments across real estate, infrastructure, renewable energy, private equity, and credit markets globally.
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.
BAM vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.1B |
| Net Profit | $615.0M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 84.2% | 6.5% |
| Net Margin | 56.7% | 5.6% |
| Revenue YoY | — | -4.8% |
| Net Profit YoY | — | -52.1% |
| EPS (diluted) | — | $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 | $1.1B | $1.1B | ||
| Q3 25 | $974.0M | $1.1B | ||
| Q2 25 | $931.0M | $1.2B | ||
| Q1 25 | $954.0M | $976.1M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $873.0M | $1.1B | ||
| Q2 24 | $821.0M | $1.1B | ||
| Q1 24 | $786.0M | $1.0B |
| Q4 25 | $615.0M | $64.0M | ||
| Q3 25 | $692.0M | $106.5M | ||
| Q2 25 | $584.0M | $121.2M | ||
| Q1 25 | $507.0M | $111.2M | ||
| Q4 24 | — | $133.5M | ||
| Q3 24 | $537.0M | $145.4M | ||
| Q2 24 | $124.0M | $146.7M | ||
| Q1 24 | $373.0M | $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 | 84.2% | 6.5% | ||
| Q3 25 | 79.1% | 12.0% | ||
| Q2 25 | 70.8% | 13.4% | ||
| Q1 25 | 61.0% | 14.4% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 72.5% | 15.9% | ||
| Q2 24 | 80.4% | 16.8% | ||
| Q1 24 | 56.5% | 16.6% |
| Q4 25 | 56.7% | 5.6% | ||
| Q3 25 | 71.0% | 9.4% | ||
| Q2 25 | 62.7% | 10.4% | ||
| Q1 25 | 53.1% | 11.4% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | 61.5% | 12.7% | ||
| Q2 24 | 15.1% | 13.2% | ||
| Q1 24 | 47.5% | 13.2% |
| Q4 25 | — | $2.42 | ||
| Q3 25 | — | $3.92 | ||
| Q2 25 | — | $4.42 | ||
| Q1 25 | — | $3.98 | ||
| Q4 24 | — | $4.71 | ||
| Q3 24 | — | $5.10 | ||
| Q2 24 | — | $5.12 | ||
| Q1 24 | — | $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 | $1.6B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $3.2B |
| Total Assets | $17.0B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $480.0M | — | ||
| Q1 25 | $332.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $10.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $8.9B | $3.2B | ||
| Q3 25 | $8.5B | $3.1B | ||
| Q2 25 | $8.5B | $3.1B | ||
| Q1 25 | $8.5B | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $9.0B | $2.8B | ||
| Q2 24 | $3.2B | $2.7B | ||
| Q1 24 | $2.2B | $2.6B |
| Q4 25 | $17.0B | $4.8B | ||
| Q3 25 | $16.5B | $4.8B | ||
| Q2 25 | $16.1B | $4.7B | ||
| Q1 25 | $15.0B | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | $4.2B | $4.3B | ||
| Q1 24 | — | $4.2B |
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 | $562.0M | $-8.7M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.1% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 0.91× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $-8.7M | ||
| Q3 25 | $745.0M | $43.4M | ||
| Q2 25 | $529.0M | $37.8M | ||
| Q1 25 | $265.0M | $64.9M | ||
| Q4 24 | — | $104.4M | ||
| Q3 24 | $567.0M | $-67.9M | ||
| Q2 24 | $159.0M | $27.5M | ||
| Q1 24 | $516.0M | $115.8M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | — | $42.0M | ||
| Q2 25 | — | $35.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | — | $-68.5M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $115.5M |
| Q4 25 | — | -1.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 11.0% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 0.91× | -0.14× | ||
| Q3 25 | 1.08× | 0.41× | ||
| Q2 25 | 0.91× | 0.31× | ||
| Q1 25 | 0.52× | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | 1.06× | -0.47× | ||
| Q2 24 | 1.28× | 0.19× | ||
| Q1 24 | 1.38× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
