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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) 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 $888.0M, roughly 1.3× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 5.6%, a 23.8% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -4.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $-13.0M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 4.7%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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.
FHN vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.1B |
| Net Profit | $261.0M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 38.5% | 6.5% |
| Net Margin | 29.4% | 5.6% |
| Revenue YoY | 21.8% | -4.8% |
| Net Profit YoY | 57.2% | -52.1% |
| EPS (diluted) | $0.51 | $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 | $888.0M | $1.1B | ||
| Q3 25 | $889.0M | $1.1B | ||
| Q2 25 | $830.0M | $1.2B | ||
| Q1 25 | $812.0M | $976.1M | ||
| Q4 24 | $729.0M | $1.2B | ||
| Q3 24 | $827.0M | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $819.0M | $1.0B |
| Q4 25 | $261.0M | $64.0M | ||
| Q3 25 | $262.0M | $106.5M | ||
| Q2 25 | $241.0M | $121.2M | ||
| Q1 25 | $218.0M | $111.2M | ||
| Q4 24 | $166.0M | $133.5M | ||
| Q3 24 | $218.0M | $145.4M | ||
| Q2 24 | — | $146.7M | ||
| Q1 24 | $192.0M | $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 | 38.5% | 6.5% | ||
| Q3 25 | 38.7% | 12.0% | ||
| Q2 25 | 37.2% | 13.4% | ||
| Q1 25 | 35.1% | 14.4% | ||
| Q4 24 | 28.8% | 13.6% | ||
| Q3 24 | 34.0% | 15.9% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | 31.0% | 16.6% |
| Q4 25 | 29.4% | 5.6% | ||
| Q3 25 | 29.5% | 9.4% | ||
| Q2 25 | 29.0% | 10.4% | ||
| Q1 25 | 26.8% | 11.4% | ||
| Q4 24 | 22.8% | 11.1% | ||
| Q3 24 | 26.4% | 12.7% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | 23.4% | 13.2% |
| Q4 25 | $0.51 | $2.42 | ||
| Q3 25 | $0.50 | $3.92 | ||
| Q2 25 | $0.45 | $4.42 | ||
| Q1 25 | $0.41 | $3.98 | ||
| Q4 24 | $0.29 | $4.71 | ||
| Q3 24 | $0.40 | $5.10 | ||
| Q2 24 | — | $5.12 | ||
| Q1 24 | $0.33 | $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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $3.2B |
| Total Assets | $83.9B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.8B | $3.2B | ||
| Q3 25 | $8.9B | $3.1B | ||
| Q2 25 | $9.0B | $3.1B | ||
| Q1 25 | $8.7B | $3.0B | ||
| Q4 24 | $8.8B | $2.9B | ||
| Q3 24 | $9.0B | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | $8.9B | $2.6B |
| Q4 25 | $83.9B | $4.8B | ||
| Q3 25 | $83.2B | $4.8B | ||
| Q2 25 | $82.1B | $4.7B | ||
| Q1 25 | $81.5B | $4.6B | ||
| Q4 24 | $82.2B | $4.5B | ||
| Q3 24 | $82.6B | $4.5B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | $81.8B | $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 | $396.0M | $-8.7M |
| Free Cash FlowOCF − Capex | $389.0M | $-13.0M |
| FCF MarginFCF / Revenue | 43.8% | -1.1% |
| Capex IntensityCapex / Revenue | 0.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.52× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $-8.7M | ||
| Q3 25 | $-200.0M | $43.4M | ||
| Q2 25 | $83.0M | $37.8M | ||
| Q1 25 | $349.0M | $64.9M | ||
| Q4 24 | $191.0M | $104.4M | ||
| Q3 24 | $389.0M | $-67.9M | ||
| Q2 24 | — | $27.5M | ||
| Q1 24 | $838.0M | $115.8M |
| Q4 25 | $389.0M | $-13.0M | ||
| Q3 25 | $-208.0M | $42.0M | ||
| Q2 25 | $74.0M | $35.1M | ||
| Q1 25 | $340.0M | $63.5M | ||
| Q4 24 | $174.0M | $102.3M | ||
| Q3 24 | $383.0M | $-68.5M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | $828.0M | $115.5M |
| Q4 25 | 43.8% | -1.1% | ||
| Q3 25 | -23.4% | 3.7% | ||
| Q2 25 | 8.9% | 3.0% | ||
| Q1 25 | 41.9% | 6.5% | ||
| Q4 24 | 23.9% | 8.5% | ||
| Q3 24 | 46.3% | -6.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | 101.1% | 11.0% |
| Q4 25 | 0.8% | 0.4% | ||
| Q3 25 | 0.9% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 1.1% | 0.1% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | 1.2% | 0.0% |
| Q4 25 | 1.52× | -0.14× | ||
| Q3 25 | -0.76× | 0.41× | ||
| Q2 25 | 0.34× | 0.31× | ||
| Q1 25 | 1.60× | 0.58× | ||
| Q4 24 | 1.15× | 0.78× | ||
| Q3 24 | 1.78× | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | 4.36× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
