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Side-by-side financial comparison of Digital Realty (DLR) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× M/I HOMES, INC.). Digital Realty runs the higher net margin — 6.0% vs 5.6%, a 0.5% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -4.8%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs 4.7%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
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.
DLR vs MHO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.1B |
| Net Profit | $98.6M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 6.9% | 6.5% |
| Net Margin | 6.0% | 5.6% |
| Revenue YoY | 16.1% | -4.8% |
| Net Profit YoY | -10.3% | -52.1% |
| EPS (diluted) | $0.22 | $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.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $976.1M | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $64.0M | ||
| Q3 25 | $67.8M | $106.5M | ||
| Q2 25 | $1.0B | $121.2M | ||
| Q1 25 | $110.0M | $111.2M | ||
| Q4 24 | $189.6M | $133.5M | ||
| Q3 24 | $51.2M | $145.4M | ||
| Q2 24 | $80.2M | $146.7M |
| Q1 26 | — | — | ||
| 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 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 6.5% | ||
| Q3 25 | 8.8% | 12.0% | ||
| Q2 25 | 14.2% | 13.4% | ||
| Q1 25 | 13.9% | 14.4% | ||
| Q4 24 | 10.1% | 13.6% | ||
| Q3 24 | 11.8% | 15.9% | ||
| Q2 24 | 0.7% | 16.8% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 5.6% | ||
| Q3 25 | 4.3% | 9.4% | ||
| Q2 25 | 69.1% | 10.4% | ||
| Q1 25 | 7.8% | 11.4% | ||
| Q4 24 | 13.2% | 11.1% | ||
| Q3 24 | 3.6% | 12.7% | ||
| Q2 24 | 5.9% | 13.2% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $2.42 | ||
| Q3 25 | $0.15 | $3.92 | ||
| Q2 25 | $2.94 | $4.42 | ||
| Q1 25 | $0.27 | $3.98 | ||
| Q4 24 | $0.50 | $4.71 | ||
| Q3 24 | $0.09 | $5.10 | ||
| Q2 24 | $0.20 | $5.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.9B | $3.2B |
| Total Assets | $49.4B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $3.2B | ||
| Q3 25 | $23.0B | $3.1B | ||
| Q2 25 | $22.9B | $3.1B | ||
| Q1 25 | $21.3B | $3.0B | ||
| Q4 24 | $21.3B | $2.9B | ||
| Q3 24 | $21.2B | $2.8B | ||
| Q2 24 | $20.5B | $2.7B |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $4.8B | ||
| Q3 25 | $48.7B | $4.8B | ||
| Q2 25 | $48.7B | $4.7B | ||
| Q1 25 | $45.1B | $4.6B | ||
| Q4 24 | $45.3B | $4.5B | ||
| Q3 24 | $45.3B | $4.5B | ||
| Q2 24 | $43.6B | $4.3B |
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 | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $-8.7M | ||
| Q3 25 | $652.9M | $43.4M | ||
| Q2 25 | $641.2M | $37.8M | ||
| Q1 25 | $399.1M | $64.9M | ||
| Q4 24 | $769.5M | $104.4M | ||
| Q3 24 | $566.5M | $-67.9M | ||
| Q2 24 | $573.2M | $27.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 7.29× | -0.14× | ||
| Q3 25 | 9.63× | 0.41× | ||
| Q2 25 | 0.62× | 0.31× | ||
| Q1 25 | 3.63× | 0.58× | ||
| Q4 24 | 4.06× | 0.78× | ||
| Q3 24 | 11.07× | -0.47× | ||
| Q2 24 | 7.15× | 0.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
