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Side-by-side financial comparison of Graham Holdings Co (GHC) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.1× M/I HOMES, INC.). Graham Holdings Co runs the higher net margin — 8.7% vs 5.6%, a 3.1% gap on every dollar of revenue. On growth, Graham Holdings Co posted the faster year-over-year revenue change (0.4% vs -4.8%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs 4.2%).
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
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.
GHC vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.1B |
| Net Profit | $108.7M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 3.8% | 6.5% |
| Net Margin | 8.7% | 5.6% |
| Revenue YoY | 0.4% | -4.8% |
| Net Profit YoY | -80.2% | -52.1% |
| EPS (diluted) | $24.76 | $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 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $976.1M | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $1.0B |
| Q4 25 | $108.7M | $64.0M | ||
| Q3 25 | $122.9M | $106.5M | ||
| Q2 25 | $36.7M | $121.2M | ||
| Q1 25 | $23.9M | $111.2M | ||
| Q4 24 | $548.8M | $133.5M | ||
| Q3 24 | $72.5M | $145.4M | ||
| Q2 24 | $-21.0M | $146.7M | ||
| Q1 24 | $124.4M | $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 | 3.8% | 6.5% | ||
| Q3 25 | 5.2% | 12.0% | ||
| Q2 25 | 6.0% | 13.4% | ||
| Q1 25 | 4.1% | 14.4% | ||
| Q4 24 | 5.8% | 13.6% | ||
| Q3 24 | 6.8% | 15.9% | ||
| Q2 24 | 2.2% | 16.8% | ||
| Q1 24 | 3.1% | 16.6% |
| Q4 25 | 8.7% | 5.6% | ||
| Q3 25 | 9.6% | 9.4% | ||
| Q2 25 | 3.0% | 10.4% | ||
| Q1 25 | 2.0% | 11.4% | ||
| Q4 24 | 44.1% | 11.1% | ||
| Q3 24 | 6.0% | 12.7% | ||
| Q2 24 | -1.8% | 13.2% | ||
| Q1 24 | 10.8% | 13.2% |
| Q4 25 | $24.76 | $2.42 | ||
| Q3 25 | $27.91 | $3.92 | ||
| Q2 25 | $8.35 | $4.42 | ||
| Q1 25 | $5.45 | $3.98 | ||
| Q4 24 | $124.05 | $4.71 | ||
| Q3 24 | $16.42 | $5.10 | ||
| Q2 24 | $-4.79 | $5.12 | ||
| Q1 24 | $27.72 | $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 | $267.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.8B | $3.2B |
| Total Assets | $8.4B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0M | — | ||
| Q3 25 | $190.8M | — | ||
| Q2 25 | $176.2M | — | ||
| Q1 25 | $156.7M | — | ||
| Q4 24 | $260.9M | — | ||
| Q3 24 | $244.4M | — | ||
| Q2 24 | $140.7M | — | ||
| Q1 24 | $130.9M | — |
| Q4 25 | $4.8B | $3.2B | ||
| Q3 25 | $4.5B | $3.1B | ||
| Q2 25 | $4.4B | $3.1B | ||
| Q1 25 | $4.3B | $3.0B | ||
| Q4 24 | $4.3B | $2.9B | ||
| Q3 24 | $4.0B | $2.8B | ||
| Q2 24 | $4.0B | $2.7B | ||
| Q1 24 | $4.0B | $2.6B |
| Q4 25 | $8.4B | $4.8B | ||
| Q3 25 | $7.9B | $4.8B | ||
| Q2 25 | $7.6B | $4.7B | ||
| Q1 25 | $7.6B | $4.6B | ||
| Q4 24 | $7.7B | $4.5B | ||
| Q3 24 | $7.4B | $4.5B | ||
| Q2 24 | $7.2B | $4.3B | ||
| Q1 24 | $7.3B | $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 | $28.3M | $-8.7M |
| Free Cash FlowOCF − Capex | $5.0M | $-13.0M |
| FCF MarginFCF / Revenue | 0.4% | -1.1% |
| Capex IntensityCapex / Revenue | 1.9% | 0.4% |
| Cash ConversionOCF / Net Profit | 0.26× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $275.3M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.3M | $-8.7M | ||
| Q3 25 | $178.1M | $43.4M | ||
| Q2 25 | $94.8M | $37.8M | ||
| Q1 25 | $46.0M | $64.9M | ||
| Q4 24 | $116.3M | $104.4M | ||
| Q3 24 | $237.6M | $-67.9M | ||
| Q2 24 | $52.0M | $27.5M | ||
| Q1 24 | $1.1M | $115.8M |
| Q4 25 | $5.0M | $-13.0M | ||
| Q3 25 | $161.8M | $42.0M | ||
| Q2 25 | $78.0M | $35.1M | ||
| Q1 25 | $30.5M | $63.5M | ||
| Q4 24 | $91.1M | $102.3M | ||
| Q3 24 | $219.4M | $-68.5M | ||
| Q2 24 | $33.7M | $22.0M | ||
| Q1 24 | $-20.2M | $115.5M |
| Q4 25 | 0.4% | -1.1% | ||
| Q3 25 | 12.6% | 3.7% | ||
| Q2 25 | 6.4% | 3.0% | ||
| Q1 25 | 2.6% | 6.5% | ||
| Q4 24 | 7.3% | 8.5% | ||
| Q3 24 | 18.2% | -6.0% | ||
| Q2 24 | 2.8% | 2.0% | ||
| Q1 24 | -1.8% | 11.0% |
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 2.0% | 0.2% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.5% | 0.5% | ||
| Q1 24 | 1.8% | 0.0% |
| Q4 25 | 0.26× | -0.14× | ||
| Q3 25 | 1.45× | 0.41× | ||
| Q2 25 | 2.58× | 0.31× | ||
| Q1 25 | 1.93× | 0.58× | ||
| Q4 24 | 0.21× | 0.78× | ||
| Q3 24 | 3.28× | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | 0.01× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
