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Side-by-side financial comparison of Barnes & Noble Education, Inc. (BNED) 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 $598.2M, roughly 1.9× Barnes & Noble Education, Inc.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 4.2%, a 1.4% gap on every dollar of revenue. On growth, Barnes & Noble Education, Inc. posted the faster year-over-year revenue change (6.9% vs -4.8%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $-13.0M). Over the past eight quarters, Barnes & Noble Education, Inc.'s revenue compounded faster (20.0% CAGR vs 4.7%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United 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.
BNED vs MHO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $598.2M | $1.1B |
| Net Profit | $25.0M | $64.0M |
| Gross Margin | 21.7% | 17.4% |
| Operating Margin | 6.8% | 6.5% |
| Net Margin | 4.2% | 5.6% |
| Revenue YoY | 6.9% | -4.8% |
| Net Profit YoY | -49.7% | -52.1% |
| EPS (diluted) | $0.72 | $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 | $598.2M | $1.1B | ||
| Q3 25 | $274.2M | $1.1B | ||
| Q2 25 | $233.0M | $1.2B | ||
| Q1 25 | $419.7M | $976.1M | ||
| Q4 24 | $559.7M | $1.2B | ||
| Q3 24 | $250.9M | $1.1B | ||
| Q2 24 | $192.7M | $1.1B | ||
| Q1 24 | $415.4M | $1.0B |
| Q4 25 | $25.0M | $64.0M | ||
| Q3 25 | $-18.3M | $106.5M | ||
| Q2 25 | $-23.0M | $121.2M | ||
| Q1 25 | $17.9M | $111.2M | ||
| Q4 24 | $43.2M | $133.5M | ||
| Q3 24 | $-103.9M | $145.4M | ||
| Q2 24 | $-41.9M | $146.7M | ||
| Q1 24 | $-9.3M | $138.1M |
| Q4 25 | 21.7% | 17.4% | ||
| Q3 25 | 20.2% | 24.5% | ||
| Q2 25 | 30.3% | 24.7% | ||
| Q1 25 | 22.3% | 25.9% | ||
| Q4 24 | 23.0% | 24.6% | ||
| Q3 24 | 17.9% | 27.1% | ||
| Q2 24 | 28.7% | 27.9% | ||
| Q1 24 | 24.2% | 27.1% |
| Q4 25 | 6.8% | 6.5% | ||
| Q3 25 | -8.4% | 12.0% | ||
| Q2 25 | -4.9% | 13.4% | ||
| Q1 25 | 4.5% | 14.4% | ||
| Q4 24 | 8.4% | 13.6% | ||
| Q3 24 | -15.4% | 15.9% | ||
| Q2 24 | -16.3% | 16.8% | ||
| Q1 24 | 0.4% | 16.6% |
| Q4 25 | 4.2% | 5.6% | ||
| Q3 25 | -6.7% | 9.4% | ||
| Q2 25 | -9.9% | 10.4% | ||
| Q1 25 | 4.3% | 11.4% | ||
| Q4 24 | 7.7% | 11.1% | ||
| Q3 24 | -41.4% | 12.7% | ||
| Q2 24 | -21.7% | 13.2% | ||
| Q1 24 | -2.2% | 13.2% |
| Q4 25 | $0.72 | $2.42 | ||
| Q3 25 | $-0.54 | $3.92 | ||
| Q2 25 | $2.97 | $4.42 | ||
| Q1 25 | $0.59 | $3.98 | ||
| Q4 24 | $1.63 | $4.71 | ||
| Q3 24 | $-7.69 | $5.10 | ||
| Q2 24 | $-15.68 | $5.12 | ||
| Q1 24 | $-3.49 | $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 | $11.7M | — |
| Total DebtLower is stronger | $122.5M | — |
| Stockholders' EquityBook value | $283.2M | $3.2B |
| Total Assets | $1.1B | $4.8B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.7M | — | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.2M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $10.5M | — | ||
| Q1 24 | $8.1M | — |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $283.2M | $3.2B | ||
| Q3 25 | $256.5M | $3.1B | ||
| Q2 25 | $272.2M | $3.1B | ||
| Q1 25 | $292.9M | $3.0B | ||
| Q4 24 | $211.4M | $2.9B | ||
| Q3 24 | $149.8M | $2.8B | ||
| Q2 24 | $80.4M | $2.7B | ||
| Q1 24 | $121.5M | $2.6B |
| Q4 25 | $1.1B | $4.8B | ||
| Q3 25 | $950.8M | $4.8B | ||
| Q2 25 | $790.3M | $4.7B | ||
| Q1 25 | $1.1B | $4.6B | ||
| Q4 24 | $1.0B | $4.5B | ||
| Q3 24 | $973.2M | $4.5B | ||
| Q2 24 | $909.9M | $4.3B | ||
| Q1 24 | $1.2B | $4.2B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.25× | — |
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 | $66.2M | $-8.7M |
| Free Cash FlowOCF − Capex | $61.9M | $-13.0M |
| FCF MarginFCF / Revenue | 10.4% | -1.1% |
| Capex IntensityCapex / Revenue | 0.7% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.65× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.6M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.2M | $-8.7M | ||
| Q3 25 | $-67.6M | $43.4M | ||
| Q2 25 | $52.6M | $37.8M | ||
| Q1 25 | $-41.9M | $64.9M | ||
| Q4 24 | $47.4M | $104.4M | ||
| Q3 24 | $-143.5M | $-67.9M | ||
| Q2 24 | $81.7M | $27.5M | ||
| Q1 24 | $-35.8M | $115.8M |
| Q4 25 | $61.9M | $-13.0M | ||
| Q3 25 | $-71.3M | $42.0M | ||
| Q2 25 | $49.5M | $35.1M | ||
| Q1 25 | $-44.7M | $63.5M | ||
| Q4 24 | $44.4M | $102.3M | ||
| Q3 24 | $-147.5M | $-68.5M | ||
| Q2 24 | $79.1M | $22.0M | ||
| Q1 24 | $-39.0M | $115.5M |
| Q4 25 | 10.4% | -1.1% | ||
| Q3 25 | -26.0% | 3.7% | ||
| Q2 25 | 21.3% | 3.0% | ||
| Q1 25 | -10.7% | 6.5% | ||
| Q4 24 | 7.9% | 8.5% | ||
| Q3 24 | -58.8% | -6.0% | ||
| Q2 24 | 41.1% | 2.0% | ||
| Q1 24 | -9.4% | 11.0% |
| Q4 25 | 0.7% | 0.4% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.3% | 0.2% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 0.8% | 0.0% |
| Q4 25 | 2.65× | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | -2.34× | 0.58× | ||
| Q4 24 | 1.10× | 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
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
