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Side-by-side financial comparison of CVR ENERGY INC (CVI) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.

CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.7× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs -8.1%, a 13.7% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs -4.8%). CVR ENERGY INC produced more free cash flow last quarter ($21.0M vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs 0.3%).

CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.

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.

CVI vs MHO — Head-to-Head

Bigger by revenue
CVI
CVI
1.7× larger
CVI
$2.0B
$1.1B
MHO
Growing faster (revenue YoY)
CVI
CVI
+25.1% gap
CVI
20.3%
-4.8%
MHO
Higher net margin
MHO
MHO
13.7% more per $
MHO
5.6%
-8.1%
CVI
More free cash flow
CVI
CVI
$34.0M more FCF
CVI
$21.0M
$-13.0M
MHO
Faster 2-yr revenue CAGR
MHO
MHO
Annualised
MHO
4.7%
0.3%
CVI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVI
CVI
MHO
MHO
Revenue
$2.0B
$1.1B
Net Profit
$-160.0M
$64.0M
Gross Margin
-5.2%
17.4%
Operating Margin
6.5%
Net Margin
-8.1%
5.6%
Revenue YoY
20.3%
-4.8%
Net Profit YoY
-56.1%
-52.1%
EPS (diluted)
$-1.91
$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.

Revenue
CVI
CVI
MHO
MHO
Q1 26
$2.0B
Q4 25
$1.8B
$1.1B
Q3 25
$1.9B
$1.1B
Q2 25
$1.8B
$1.2B
Q1 25
$1.6B
$976.1M
Q4 24
$1.9B
$1.2B
Q3 24
$1.8B
$1.1B
Q2 24
$2.0B
$1.1B
Net Profit
CVI
CVI
MHO
MHO
Q1 26
$-160.0M
Q4 25
$-110.0M
$64.0M
Q3 25
$374.0M
$106.5M
Q2 25
$-114.0M
$121.2M
Q1 25
$-123.0M
$111.2M
Q4 24
$28.0M
$133.5M
Q3 24
$-124.0M
$145.4M
Q2 24
$21.0M
$146.7M
Gross Margin
CVI
CVI
MHO
MHO
Q1 26
-5.2%
Q4 25
-3.1%
17.4%
Q3 25
28.8%
24.5%
Q2 25
-3.7%
24.7%
Q1 25
-5.5%
25.9%
Q4 24
3.0%
24.6%
Q3 24
-3.9%
27.1%
Q2 24
2.9%
27.9%
Operating Margin
CVI
CVI
MHO
MHO
Q1 26
Q4 25
-5.3%
6.5%
Q3 25
26.3%
12.0%
Q2 25
-5.8%
13.4%
Q1 25
-8.0%
14.4%
Q4 24
1.1%
13.6%
Q3 24
-6.2%
15.9%
Q2 24
1.4%
16.8%
Net Margin
CVI
CVI
MHO
MHO
Q1 26
-8.1%
Q4 25
-6.1%
5.6%
Q3 25
19.2%
9.4%
Q2 25
-6.5%
10.4%
Q1 25
-7.5%
11.4%
Q4 24
1.4%
11.1%
Q3 24
-6.8%
12.7%
Q2 24
1.1%
13.2%
EPS (diluted)
CVI
CVI
MHO
MHO
Q1 26
$-1.91
Q4 25
$-1.09
$2.42
Q3 25
$3.72
$3.92
Q2 25
$-1.14
$4.42
Q1 25
$-1.22
$3.98
Q4 24
$0.28
$4.71
Q3 24
$-1.24
$5.10
Q2 24
$0.21
$5.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVI
CVI
MHO
MHO
Cash + ST InvestmentsLiquidity on hand
$512.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$3.9B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
MHO
MHO
Q1 26
$512.0M
Q4 25
$511.0M
Q3 25
$670.0M
Q2 25
$596.0M
Q1 25
$695.0M
Q4 24
$987.0M
Q3 24
$534.0M
Q2 24
$586.0M
Total Debt
CVI
CVI
MHO
MHO
Q1 26
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.6B
Q2 24
$1.6B
Stockholders' Equity
CVI
CVI
MHO
MHO
Q1 26
Q4 25
$730.0M
$3.2B
Q3 25
$840.0M
$3.1B
Q2 25
$466.0M
$3.1B
Q1 25
$580.0M
$3.0B
Q4 24
$703.0M
$2.9B
Q3 24
$675.0M
$2.8B
Q2 24
$849.0M
$2.7B
Total Assets
CVI
CVI
MHO
MHO
Q1 26
$3.9B
Q4 25
$3.7B
$4.8B
Q3 25
$4.0B
$4.8B
Q2 25
$4.0B
$4.7B
Q1 25
$4.3B
$4.6B
Q4 24
$4.3B
$4.5B
Q3 24
$3.9B
$4.5B
Q2 24
$4.0B
$4.3B
Debt / Equity
CVI
CVI
MHO
MHO
Q1 26
Q4 25
2.40×
Q3 25
2.17×
Q2 25
3.97×
Q1 25
3.29×
Q4 24
2.71×
Q3 24
2.33×
Q2 24
1.86×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVI
CVI
MHO
MHO
Operating Cash FlowLast quarter
$-8.7M
Free Cash FlowOCF − Capex
$21.0M
$-13.0M
FCF MarginFCF / Revenue
1.1%
-1.1%
Capex IntensityCapex / Revenue
1.5%
0.4%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$127.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
MHO
MHO
Q1 26
Q4 25
$0
$-8.7M
Q3 25
$163.0M
$43.4M
Q2 25
$176.0M
$37.8M
Q1 25
$-195.0M
$64.9M
Q4 24
$98.0M
$104.4M
Q3 24
$48.0M
$-67.9M
Q2 24
$81.0M
$27.5M
Free Cash Flow
CVI
CVI
MHO
MHO
Q1 26
$21.0M
Q4 25
$-13.0M
Q3 25
$125.0M
$42.0M
Q2 25
$135.0M
$35.1M
Q1 25
$-246.0M
$63.5M
Q4 24
$43.0M
$102.3M
Q3 24
$14.0M
$-68.5M
Q2 24
$38.0M
$22.0M
FCF Margin
CVI
CVI
MHO
MHO
Q1 26
1.1%
Q4 25
-1.1%
Q3 25
6.4%
3.7%
Q2 25
7.7%
3.0%
Q1 25
-14.9%
6.5%
Q4 24
2.2%
8.5%
Q3 24
0.8%
-6.0%
Q2 24
1.9%
2.0%
Capex Intensity
CVI
CVI
MHO
MHO
Q1 26
1.5%
Q4 25
3.0%
0.4%
Q3 25
2.0%
0.1%
Q2 25
2.3%
0.2%
Q1 25
3.1%
0.1%
Q4 24
2.8%
0.2%
Q3 24
1.9%
0.1%
Q2 24
2.2%
0.5%
Cash Conversion
CVI
CVI
MHO
MHO
Q1 26
Q4 25
-0.14×
Q3 25
0.44×
0.41×
Q2 25
0.31×
Q1 25
0.58×
Q4 24
3.50×
0.78×
Q3 24
-0.47×
Q2 24
3.86×
0.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVI
CVI

Segment breakdown not available.

MHO
MHO

Southern Homebuilding$615.6M54%
Northern Homebuilding$503.9M44%
Financial Service$27.8M2%
Land$4.7M0%

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