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Side-by-side financial comparison of EPAM Systems (EPAM) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.2× M/I HOMES, INC.). EPAM Systems runs the higher net margin — 7.8% vs 5.6%, a 2.2% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs -4.8%). EPAM Systems produced more free cash flow last quarter ($268.1M vs $-13.0M). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs 4.7%).
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
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.
EPAM vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $109.4M | $64.0M |
| Gross Margin | 30.1% | 17.4% |
| Operating Margin | 10.6% | 6.5% |
| Net Margin | 7.8% | 5.6% |
| Revenue YoY | 12.8% | -4.8% |
| Net Profit YoY | 5.9% | -52.1% |
| EPS (diluted) | $1.97 | $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 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $976.1M | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $1.0B |
| Q4 25 | $109.4M | $64.0M | ||
| Q3 25 | $106.8M | $106.5M | ||
| Q2 25 | $88.0M | $121.2M | ||
| Q1 25 | $73.5M | $111.2M | ||
| Q4 24 | $103.3M | $133.5M | ||
| Q3 24 | $136.3M | $145.4M | ||
| Q2 24 | $98.6M | $146.7M | ||
| Q1 24 | $116.2M | $138.1M |
| Q4 25 | 30.1% | 17.4% | ||
| Q3 25 | 29.5% | 24.5% | ||
| Q2 25 | 28.8% | 24.7% | ||
| Q1 25 | 26.9% | 25.9% | ||
| Q4 24 | 30.4% | 24.6% | ||
| Q3 24 | 34.6% | 27.1% | ||
| Q2 24 | 29.3% | 27.9% | ||
| Q1 24 | 28.4% | 27.1% |
| Q4 25 | 10.6% | 6.5% | ||
| Q3 25 | 10.4% | 12.0% | ||
| Q2 25 | 9.3% | 13.4% | ||
| Q1 25 | 7.6% | 14.4% | ||
| Q4 24 | 10.9% | 13.6% | ||
| Q3 24 | 15.2% | 15.9% | ||
| Q2 24 | 10.5% | 16.8% | ||
| Q1 24 | 9.5% | 16.6% |
| Q4 25 | 7.8% | 5.6% | ||
| Q3 25 | 7.7% | 9.4% | ||
| Q2 25 | 6.5% | 10.4% | ||
| Q1 25 | 5.6% | 11.4% | ||
| Q4 24 | 8.3% | 11.1% | ||
| Q3 24 | 11.7% | 12.7% | ||
| Q2 24 | 8.6% | 13.2% | ||
| Q1 24 | 10.0% | 13.2% |
| Q4 25 | $1.97 | $2.42 | ||
| Q3 25 | $1.91 | $3.92 | ||
| Q2 25 | $1.56 | $4.42 | ||
| Q1 25 | $1.28 | $3.98 | ||
| Q4 24 | $1.80 | $4.71 | ||
| Q3 24 | $2.37 | $5.10 | ||
| Q2 24 | $1.70 | $5.12 | ||
| Q1 24 | $1.97 | $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 | $1.3B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $3.2B |
| Total Assets | $4.9B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $3.7B | $3.2B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.7B | $3.1B | ||
| Q1 25 | $3.6B | $3.0B | ||
| Q4 24 | $3.6B | $2.9B | ||
| Q3 24 | $3.6B | $2.8B | ||
| Q2 24 | $3.4B | $2.7B | ||
| Q1 24 | $3.5B | $2.6B |
| Q4 25 | $4.9B | $4.8B | ||
| Q3 25 | $4.8B | $4.8B | ||
| Q2 25 | $4.7B | $4.7B | ||
| Q1 25 | $4.7B | $4.6B | ||
| Q4 24 | $4.8B | $4.5B | ||
| Q3 24 | $4.5B | $4.5B | ||
| Q2 24 | $4.2B | $4.3B | ||
| Q1 24 | $4.4B | $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 | $282.9M | $-8.7M |
| Free Cash FlowOCF − Capex | $268.1M | $-13.0M |
| FCF MarginFCF / Revenue | 19.0% | -1.1% |
| Capex IntensityCapex / Revenue | 1.1% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.59× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.9M | $-8.7M | ||
| Q3 25 | $294.7M | $43.4M | ||
| Q2 25 | $53.2M | $37.8M | ||
| Q1 25 | $24.2M | $64.9M | ||
| Q4 24 | $130.3M | $104.4M | ||
| Q3 24 | $242.0M | $-67.9M | ||
| Q2 24 | $57.0M | $27.5M | ||
| Q1 24 | $129.9M | $115.8M |
| Q4 25 | $268.1M | $-13.0M | ||
| Q3 25 | $286.4M | $42.0M | ||
| Q2 25 | $43.4M | $35.1M | ||
| Q1 25 | $14.8M | $63.5M | ||
| Q4 24 | $114.5M | $102.3M | ||
| Q3 24 | $237.0M | $-68.5M | ||
| Q2 24 | $52.3M | $22.0M | ||
| Q1 24 | $123.2M | $115.5M |
| Q4 25 | 19.0% | -1.1% | ||
| Q3 25 | 20.5% | 3.7% | ||
| Q2 25 | 3.2% | 3.0% | ||
| Q1 25 | 1.1% | 6.5% | ||
| Q4 24 | 9.2% | 8.5% | ||
| Q3 24 | 20.3% | -6.0% | ||
| Q2 24 | 4.6% | 2.0% | ||
| Q1 24 | 10.6% | 11.0% |
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.4% | 0.5% | ||
| Q1 24 | 0.6% | 0.0% |
| Q4 25 | 2.59× | -0.14× | ||
| Q3 25 | 2.76× | 0.41× | ||
| Q2 25 | 0.60× | 0.31× | ||
| Q1 25 | 0.33× | 0.58× | ||
| Q4 24 | 1.26× | 0.78× | ||
| Q3 24 | 1.77× | -0.47× | ||
| Q2 24 | 0.58× | 0.19× | ||
| Q1 24 | 1.12× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPAM
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
