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Side-by-side financial comparison of First American Financial Corp (FAF) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
First American Financial Corp is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.8× M/I HOMES, INC.). First American Financial Corp runs the higher net margin — 10.3% vs 5.6%, a 4.8% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs -4.8%). First American Financial Corp produced more free cash flow last quarter ($324.5M vs $-13.0M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 4.7%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
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.
FAF vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.1B |
| Net Profit | $211.9M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 14.0% | 6.5% |
| Net Margin | 10.3% | 5.6% |
| Revenue YoY | 21.6% | -4.8% |
| Net Profit YoY | 192.7% | -52.1% |
| EPS (diluted) | $2.04 | $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 | $2.0B | $1.1B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $976.1M | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
| Q4 25 | $211.9M | $64.0M | ||
| Q3 25 | $189.6M | $106.5M | ||
| Q2 25 | $146.1M | $121.2M | ||
| Q1 25 | $74.2M | $111.2M | ||
| Q4 24 | $72.4M | $133.5M | ||
| Q3 24 | $-104.0M | $145.4M | ||
| Q2 24 | $116.0M | $146.7M | ||
| Q1 24 | $46.7M | $138.1M |
| 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 24 | — | 27.1% |
| Q4 25 | 14.0% | 6.5% | ||
| Q3 25 | 12.5% | 12.0% | ||
| Q2 25 | 10.6% | 13.4% | ||
| Q1 25 | 6.1% | 14.4% | ||
| Q4 24 | 5.9% | 13.6% | ||
| Q3 24 | -10.3% | 15.9% | ||
| Q2 24 | 9.4% | 16.8% | ||
| Q1 24 | 4.1% | 16.6% |
| Q4 25 | 10.3% | 5.6% | ||
| Q3 25 | 9.6% | 9.4% | ||
| Q2 25 | 7.9% | 10.4% | ||
| Q1 25 | 4.7% | 11.4% | ||
| Q4 24 | 4.3% | 11.1% | ||
| Q3 24 | -7.4% | 12.7% | ||
| Q2 24 | 7.2% | 13.2% | ||
| Q1 24 | 3.3% | 13.2% |
| Q4 25 | $2.04 | $2.42 | ||
| Q3 25 | $1.84 | $3.92 | ||
| Q2 25 | $1.41 | $4.42 | ||
| Q1 25 | $0.71 | $3.98 | ||
| Q4 24 | $0.70 | $4.71 | ||
| Q3 24 | $-1.00 | $5.10 | ||
| Q2 24 | $1.11 | $5.12 | ||
| Q1 24 | $0.45 | $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 | $1.4B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $3.2B |
| Total Assets | $16.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $5.5B | $3.2B | ||
| Q3 25 | $5.3B | $3.1B | ||
| Q2 25 | $5.1B | $3.1B | ||
| Q1 25 | $5.0B | $3.0B | ||
| Q4 24 | $4.9B | $2.9B | ||
| Q3 24 | $5.1B | $2.8B | ||
| Q2 24 | $4.8B | $2.7B | ||
| Q1 24 | $4.8B | $2.6B |
| Q4 25 | $16.2B | $4.8B | ||
| Q3 25 | $17.6B | $4.8B | ||
| Q2 25 | $16.3B | $4.7B | ||
| Q1 25 | $15.5B | $4.6B | ||
| Q4 24 | $14.9B | $4.5B | ||
| Q3 24 | $16.6B | $4.5B | ||
| Q2 24 | $15.2B | $4.3B | ||
| Q1 24 | $14.7B | $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 | $369.3M | $-8.7M |
| Free Cash FlowOCF − Capex | $324.5M | $-13.0M |
| FCF MarginFCF / Revenue | 15.8% | -1.1% |
| Capex IntensityCapex / Revenue | 2.2% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.74× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | $-8.7M | ||
| Q3 25 | $272.5M | $43.4M | ||
| Q2 25 | $361.8M | $37.8M | ||
| Q1 25 | $-52.8M | $64.9M | ||
| Q4 24 | $324.6M | $104.4M | ||
| Q3 24 | $236.9M | $-67.9M | ||
| Q2 24 | $266.7M | $27.5M | ||
| Q1 24 | $69.3M | $115.8M |
| Q4 25 | $324.5M | $-13.0M | ||
| Q3 25 | $223.1M | $42.0M | ||
| Q2 25 | $309.4M | $35.1M | ||
| Q1 25 | $-94.5M | $63.5M | ||
| Q4 24 | $266.2M | $102.3M | ||
| Q3 24 | $185.4M | $-68.5M | ||
| Q2 24 | $210.0M | $22.0M | ||
| Q1 24 | $17.6M | $115.5M |
| Q4 25 | 15.8% | -1.1% | ||
| Q3 25 | 11.3% | 3.7% | ||
| Q2 25 | 16.8% | 3.0% | ||
| Q1 25 | -6.0% | 6.5% | ||
| Q4 24 | 15.8% | 8.5% | ||
| Q3 24 | 13.2% | -6.0% | ||
| Q2 24 | 13.0% | 2.0% | ||
| Q1 24 | 1.2% | 11.0% |
| Q4 25 | 2.2% | 0.4% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 2.8% | 0.2% | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | 3.5% | 0.2% | ||
| Q3 24 | 3.7% | 0.1% | ||
| Q2 24 | 3.5% | 0.5% | ||
| Q1 24 | 3.6% | 0.0% |
| Q4 25 | 1.74× | -0.14× | ||
| Q3 25 | 1.44× | 0.41× | ||
| Q2 25 | 2.48× | 0.31× | ||
| Q1 25 | -0.71× | 0.58× | ||
| Q4 24 | 4.48× | 0.78× | ||
| Q3 24 | — | -0.47× | ||
| Q2 24 | 2.30× | 0.19× | ||
| Q1 24 | 1.48× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
