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Side-by-side financial comparison of Diversified Energy Co (DEC) 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 $666.5M, roughly 1.7× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 5.6%, a 23.7% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $-13.0M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
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.
DEC vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $1.1B |
| Net Profit | $195.5M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 37.6% | 6.5% |
| Net Margin | 29.3% | 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 | $666.5M | $1.1B | ||
| Q3 25 | $499.8M | $1.1B | ||
| Q2 25 | $600.3M | $1.2B | ||
| Q1 25 | — | $976.1M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | $195.5M | $64.0M | ||
| Q3 25 | $171.1M | $106.5M | ||
| Q2 25 | $297.7M | $121.2M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | — | $133.5M | ||
| Q3 24 | — | $145.4M | ||
| Q2 24 | — | $146.7M | ||
| Q1 24 | — | $138.1M |
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | 44.7% | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.1% |
| Q4 25 | 37.6% | 6.5% | ||
| Q3 25 | 36.2% | 12.0% | ||
| Q2 25 | 48.5% | 13.4% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | — | 16.6% |
| Q4 25 | 29.3% | 5.6% | ||
| Q3 25 | 34.2% | 9.4% | ||
| Q2 25 | 49.6% | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | — | $2.42 | ||
| Q3 25 | $2.14 | $3.92 | ||
| Q2 25 | $3.67 | $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 | $29.7M | — |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $3.2B |
| Total Assets | $6.2B | $4.8B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $23.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $984.1M | $3.2B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $727.7M | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | $6.2B | $4.8B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.2B |
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $464.6M | $-8.7M |
| Free Cash FlowOCF − Capex | $280.0M | $-13.0M |
| FCF MarginFCF / Revenue | 42.0% | -1.1% |
| Capex IntensityCapex / Revenue | 27.7% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.38× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $-8.7M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | $264.1M | $37.8M | ||
| Q1 25 | — | $64.9M | ||
| Q4 24 | — | $104.4M | ||
| Q3 24 | — | $-67.9M | ||
| Q2 24 | — | $27.5M | ||
| Q1 24 | — | $115.8M |
| Q4 25 | $280.0M | $-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 | 42.0% | -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 | 27.7% | 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 | 2.38× | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | 0.89× | 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
DEC
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
