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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) 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 $1.0B, roughly 1.1× Liberty Energy Inc.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 2.2%, a 3.4% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -4.8%). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs -6.2%).
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
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.
LBRT vs MHO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.1B |
| Net Profit | $22.6M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 2.2% | 6.5% |
| Net Margin | 2.2% | 5.6% |
| Revenue YoY | 4.5% | -4.8% |
| Net Profit YoY | — | -52.1% |
| EPS (diluted) | $0.14 | $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 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $947.4M | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $977.5M | $976.1M | ||
| Q4 24 | $943.6M | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $64.0M | ||
| Q3 25 | $43.1M | $106.5M | ||
| Q2 25 | $71.0M | $121.2M | ||
| Q1 25 | $20.1M | $111.2M | ||
| Q4 24 | $51.9M | $133.5M | ||
| Q3 24 | $73.8M | $145.4M | ||
| Q2 24 | $108.4M | $146.7M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 17.4% | ||
| Q3 25 | 18.7% | 24.5% | ||
| Q2 25 | 22.1% | 24.7% | ||
| Q1 25 | 22.1% | 25.9% | ||
| Q4 24 | 21.4% | 24.6% | ||
| Q3 24 | 26.2% | 27.1% | ||
| Q2 24 | 27.9% | 27.9% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 6.5% | ||
| Q3 25 | -0.3% | 12.0% | ||
| Q2 25 | 3.6% | 13.4% | ||
| Q1 25 | 1.9% | 14.4% | ||
| Q4 24 | 2.6% | 13.6% | ||
| Q3 24 | 9.4% | 15.9% | ||
| Q2 24 | 12.2% | 16.8% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 5.6% | ||
| Q3 25 | 4.5% | 9.4% | ||
| Q2 25 | 6.8% | 10.4% | ||
| Q1 25 | 2.1% | 11.4% | ||
| Q4 24 | 5.5% | 11.1% | ||
| Q3 24 | 6.5% | 12.7% | ||
| Q2 24 | 9.3% | 13.2% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $2.42 | ||
| Q3 25 | $0.26 | $3.92 | ||
| Q2 25 | $0.43 | $4.42 | ||
| Q1 25 | $0.12 | $3.98 | ||
| Q4 24 | $0.31 | $4.71 | ||
| Q3 24 | $0.44 | $5.10 | ||
| Q2 24 | $0.64 | $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 | $699.1M | — |
| Total DebtLower is stronger | $7.1M | — |
| Stockholders' EquityBook value | $1.9B | $3.2B |
| Total Assets | $4.4B | $4.8B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | — | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $19.6M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $20.0M | — | ||
| Q3 24 | $23.0M | — | ||
| Q2 24 | $30.0M | — |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.1B | $3.1B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $2.0B | $2.9B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $1.9B | $2.7B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $4.8B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.4B | $4.7B | ||
| Q1 25 | $3.4B | $4.6B | ||
| Q4 24 | $3.3B | $4.5B | ||
| Q3 24 | $3.3B | $4.5B | ||
| Q2 24 | $3.2B | $4.3B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | 13.1% | 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 | $195.4M | $-8.7M | ||
| Q3 25 | $51.5M | $43.4M | ||
| Q2 25 | $170.6M | $37.8M | ||
| Q1 25 | $192.1M | $64.9M | ||
| Q4 24 | $177.3M | $104.4M | ||
| Q3 24 | $244.5M | $-67.9M | ||
| Q2 24 | $248.2M | $27.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $-13.0M | ||
| Q3 25 | $-67.2M | $42.0M | ||
| Q2 25 | $33.1M | $35.1M | ||
| Q1 25 | $58.2M | $63.5M | ||
| Q4 24 | $-26.2M | $102.3M | ||
| Q3 24 | $77.9M | $-68.5M | ||
| Q2 24 | $112.2M | $22.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -1.1% | ||
| Q3 25 | -7.1% | 3.7% | ||
| Q2 25 | 3.2% | 3.0% | ||
| Q1 25 | 6.0% | 6.5% | ||
| Q4 24 | -2.8% | 8.5% | ||
| Q3 24 | 6.8% | -6.0% | ||
| Q2 24 | 9.7% | 2.0% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 0.4% | ||
| Q3 25 | 12.5% | 0.1% | ||
| Q2 25 | 13.2% | 0.2% | ||
| Q1 25 | 13.7% | 0.1% | ||
| Q4 24 | 21.6% | 0.2% | ||
| Q3 24 | 14.6% | 0.1% | ||
| Q2 24 | 11.7% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | -0.14× | ||
| Q3 25 | 1.20× | 0.41× | ||
| Q2 25 | 2.40× | 0.31× | ||
| Q1 25 | 9.55× | 0.58× | ||
| Q4 24 | 3.42× | 0.78× | ||
| Q3 24 | 3.31× | -0.47× | ||
| Q2 24 | 2.29× | 0.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LBRT
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
