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Side-by-side financial comparison of KeyCorp (KEY) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.

KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.7× M/I HOMES, INC.). KeyCorp runs the higher net margin — 25.4% vs 5.6%, a 19.9% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -4.8%). KeyCorp produced more free cash flow last quarter ($2.1B vs $-13.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 4.7%).

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

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.

KEY vs MHO — Head-to-Head

Bigger by revenue
KEY
KEY
1.7× larger
KEY
$2.0B
$1.1B
MHO
Growing faster (revenue YoY)
KEY
KEY
+136.6% gap
KEY
131.8%
-4.8%
MHO
Higher net margin
KEY
KEY
19.9% more per $
KEY
25.4%
5.6%
MHO
More free cash flow
KEY
KEY
$2.1B more FCF
KEY
$2.1B
$-13.0M
MHO
Faster 2-yr revenue CAGR
KEY
KEY
Annualised
KEY
14.4%
4.7%
MHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KEY
KEY
MHO
MHO
Revenue
$2.0B
$1.1B
Net Profit
$510.0M
$64.0M
Gross Margin
17.4%
Operating Margin
32.3%
6.5%
Net Margin
25.4%
5.6%
Revenue YoY
131.8%
-4.8%
Net Profit YoY
309.0%
-52.1%
EPS (diluted)
$0.43
$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.

Revenue
KEY
KEY
MHO
MHO
Q4 25
$2.0B
$1.1B
Q3 25
$1.9B
$1.1B
Q2 25
$1.8B
$1.2B
Q1 25
$1.8B
$976.1M
Q4 24
$865.0M
$1.2B
Q3 24
$695.0M
$1.1B
Q2 24
$1.5B
$1.1B
Q1 24
$1.5B
$1.0B
Net Profit
KEY
KEY
MHO
MHO
Q4 25
$510.0M
$64.0M
Q3 25
$489.0M
$106.5M
Q2 25
$425.0M
$121.2M
Q1 25
$405.0M
$111.2M
Q4 24
$-244.0M
$133.5M
Q3 24
$-410.0M
$145.4M
Q2 24
$274.0M
$146.7M
Q1 24
$219.0M
$138.1M
Gross Margin
KEY
KEY
MHO
MHO
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%
Operating Margin
KEY
KEY
MHO
MHO
Q4 25
32.3%
6.5%
Q3 25
31.8%
12.0%
Q2 25
29.3%
13.4%
Q1 25
29.0%
14.4%
Q4 24
-92.6%
13.6%
Q3 24
-72.8%
15.9%
Q2 24
22.0%
16.8%
Q1 24
18.1%
16.6%
Net Margin
KEY
KEY
MHO
MHO
Q4 25
25.4%
5.6%
Q3 25
25.8%
9.4%
Q2 25
23.1%
10.4%
Q1 25
22.8%
11.4%
Q4 24
-54.7%
11.1%
Q3 24
-59.0%
12.7%
Q2 24
18.0%
13.2%
Q1 24
14.3%
13.2%
EPS (diluted)
KEY
KEY
MHO
MHO
Q4 25
$0.43
$2.42
Q3 25
$0.41
$3.92
Q2 25
$0.35
$4.42
Q1 25
$0.33
$3.98
Q4 24
$-0.30
$4.71
Q3 24
$-0.47
$5.10
Q2 24
$0.25
$5.12
Q1 24
$0.20
$4.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KEY
KEY
MHO
MHO
Cash + ST InvestmentsLiquidity on hand
$10.2B
Total DebtLower is stronger
$9.9B
Stockholders' EquityBook value
$20.4B
$3.2B
Total Assets
$184.4B
$4.8B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
MHO
MHO
Q4 25
$10.2B
Q3 25
$13.3B
Q2 25
$11.6B
Q1 25
$15.3B
Q4 24
$17.5B
Q3 24
$22.8B
Q2 24
$15.5B
Q1 24
$13.2B
Total Debt
KEY
KEY
MHO
MHO
Q4 25
$9.9B
Q3 25
$10.9B
Q2 25
$12.1B
Q1 25
$12.4B
Q4 24
$12.1B
Q3 24
$15.7B
Q2 24
$16.9B
Q1 24
$20.8B
Stockholders' Equity
KEY
KEY
MHO
MHO
Q4 25
$20.4B
$3.2B
Q3 25
$20.1B
$3.1B
Q2 25
$19.5B
$3.1B
Q1 25
$19.0B
$3.0B
Q4 24
$18.2B
$2.9B
Q3 24
$16.9B
$2.8B
Q2 24
$14.8B
$2.7B
Q1 24
$14.5B
$2.6B
Total Assets
KEY
KEY
MHO
MHO
Q4 25
$184.4B
$4.8B
Q3 25
$187.4B
$4.8B
Q2 25
$185.5B
$4.7B
Q1 25
$188.7B
$4.6B
Q4 24
$187.2B
$4.5B
Q3 24
$189.8B
$4.5B
Q2 24
$187.4B
$4.3B
Q1 24
$187.5B
$4.2B
Debt / Equity
KEY
KEY
MHO
MHO
Q4 25
0.49×
Q3 25
0.54×
Q2 25
0.62×
Q1 25
0.65×
Q4 24
0.67×
Q3 24
0.93×
Q2 24
1.14×
Q1 24
1.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KEY
KEY
MHO
MHO
Operating Cash FlowLast quarter
$2.2B
$-8.7M
Free Cash FlowOCF − Capex
$2.1B
$-13.0M
FCF MarginFCF / Revenue
104.8%
-1.1%
Capex IntensityCapex / Revenue
5.3%
0.4%
Cash ConversionOCF / Net Profit
4.33×
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$127.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEY
KEY
MHO
MHO
Q4 25
$2.2B
$-8.7M
Q3 25
$396.0M
$43.4M
Q2 25
$1.2B
$37.8M
Q1 25
$-140.0M
$64.9M
Q4 24
$664.0M
$104.4M
Q3 24
$-1.2B
$-67.9M
Q2 24
$-217.0M
$27.5M
Q1 24
$359.0M
$115.8M
Free Cash Flow
KEY
KEY
MHO
MHO
Q4 25
$2.1B
$-13.0M
Q3 25
$367.0M
$42.0M
Q2 25
$1.2B
$35.1M
Q1 25
$-150.0M
$63.5M
Q4 24
$599.0M
$102.3M
Q3 24
$-1.2B
$-68.5M
Q2 24
$-230.0M
$22.0M
Q1 24
$347.0M
$115.5M
FCF Margin
KEY
KEY
MHO
MHO
Q4 25
104.8%
-1.1%
Q3 25
19.4%
3.7%
Q2 25
65.8%
3.0%
Q1 25
-8.5%
6.5%
Q4 24
69.2%
8.5%
Q3 24
-175.8%
-6.0%
Q2 24
-15.1%
2.0%
Q1 24
22.6%
11.0%
Capex Intensity
KEY
KEY
MHO
MHO
Q4 25
5.3%
0.4%
Q3 25
1.5%
0.1%
Q2 25
1.3%
0.2%
Q1 25
0.6%
0.1%
Q4 24
7.5%
0.2%
Q3 24
2.4%
0.1%
Q2 24
0.9%
0.5%
Q1 24
0.8%
0.0%
Cash Conversion
KEY
KEY
MHO
MHO
Q4 25
4.33×
-0.14×
Q3 25
0.81×
0.41×
Q2 25
2.90×
0.31×
Q1 25
-0.35×
0.58×
Q4 24
0.78×
Q3 24
-0.47×
Q2 24
-0.79×
0.19×
Q1 24
1.64×
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KEY
KEY

Segment breakdown not available.

MHO
MHO

Southern Homebuilding$615.6M54%
Northern Homebuilding$503.9M44%
Financial Service$27.8M2%
Land$4.7M0%

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