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Side-by-side financial comparison of Incyte (INCY) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
Incyte is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.1× M/I HOMES, INC.). Incyte runs the higher net margin — 23.8% vs 5.6%, a 18.3% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs -4.8%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs 4.7%).
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
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.
INCY vs MHO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.1B |
| Net Profit | $303.3M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 23.7% | 6.5% |
| Net Margin | 23.8% | 5.6% |
| Revenue YoY | 20.9% | -4.8% |
| Net Profit YoY | 91.7% | -52.1% |
| EPS (diluted) | $1.47 | $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 | $1.3B | — | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $976.1M | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $64.0M | ||
| Q3 25 | $424.2M | $106.5M | ||
| Q2 25 | $405.0M | $121.2M | ||
| Q1 25 | $158.2M | $111.2M | ||
| Q4 24 | $201.2M | $133.5M | ||
| Q3 24 | $106.5M | $145.4M | ||
| Q2 24 | $-444.6M | $146.7M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 17.4% | ||
| Q3 25 | 92.8% | 24.5% | ||
| Q2 25 | 93.5% | 24.7% | ||
| Q1 25 | 93.0% | 25.9% | ||
| Q4 24 | 92.5% | 24.6% | ||
| Q3 24 | 92.4% | 27.1% | ||
| Q2 24 | 92.7% | 27.9% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 6.5% | ||
| Q3 25 | 32.5% | 12.0% | ||
| Q2 25 | 43.6% | 13.4% | ||
| Q1 25 | 19.5% | 14.4% | ||
| Q4 24 | 25.6% | 13.6% | ||
| Q3 24 | 12.8% | 15.9% | ||
| Q2 24 | -45.8% | 16.8% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 5.6% | ||
| Q3 25 | 31.1% | 9.4% | ||
| Q2 25 | 33.3% | 10.4% | ||
| Q1 25 | 15.0% | 11.4% | ||
| Q4 24 | 17.1% | 11.1% | ||
| Q3 24 | 9.4% | 12.7% | ||
| Q2 24 | -42.6% | 13.2% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $2.42 | ||
| Q3 25 | $2.11 | $3.92 | ||
| Q2 25 | $2.04 | $4.42 | ||
| Q1 25 | $0.80 | $3.98 | ||
| Q4 24 | $0.90 | $4.71 | ||
| Q3 24 | $0.54 | $5.10 | ||
| Q2 24 | $-2.04 | $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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.6B | $3.2B |
| Total Assets | $7.3B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $987.3M | — |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $3.2B | ||
| Q3 25 | $4.7B | $3.1B | ||
| Q2 25 | $4.2B | $3.1B | ||
| Q1 25 | $3.7B | $3.0B | ||
| Q4 24 | $3.4B | $2.9B | ||
| Q3 24 | $3.2B | $2.8B | ||
| Q2 24 | $3.0B | $2.7B |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $4.8B | ||
| Q3 25 | $6.3B | $4.8B | ||
| Q2 25 | $5.8B | $4.7B | ||
| Q1 25 | $5.7B | $4.6B | ||
| Q4 24 | $5.4B | $4.5B | ||
| Q3 24 | $5.0B | $4.5B | ||
| Q2 24 | $4.7B | $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 | $543.3M | $-8.7M | ||
| Q3 25 | $559.4M | $43.4M | ||
| Q2 25 | $44.7M | $37.8M | ||
| Q1 25 | $266.1M | $64.9M | ||
| Q4 24 | $381.2M | $104.4M | ||
| Q3 24 | $310.9M | $-67.9M | ||
| Q2 24 | $-575.6M | $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 | 1.82× | -0.14× | ||
| Q3 25 | 1.32× | 0.41× | ||
| Q2 25 | 0.11× | 0.31× | ||
| Q1 25 | 1.68× | 0.58× | ||
| Q4 24 | 1.89× | 0.78× | ||
| Q3 24 | 2.92× | -0.47× | ||
| Q2 24 | — | 0.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
