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Side-by-side financial comparison of Lineage, Inc. (LINE) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.2× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs -7.3%, a 12.8% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -4.8%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $-13.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs MHO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $-100.0M | $64.0M |
| Gross Margin | 32.3% | 17.4% |
| Operating Margin | 2.5% | 6.5% |
| Net Margin | -7.3% | 5.6% |
| Revenue YoY | 3.1% | -4.8% |
| Net Profit YoY | 79.4% | -52.1% |
| EPS (diluted) | $-0.44 | $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 | — | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $976.1M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
| Q4 25 | — | $64.0M | ||
| Q3 25 | $-100.0M | $106.5M | ||
| Q2 25 | $-6.0M | $121.2M | ||
| Q1 25 | $0 | $111.2M | ||
| Q4 24 | $-71.0M | $133.5M | ||
| Q3 24 | $-485.0M | $145.4M | ||
| Q2 24 | $-68.0M | $146.7M | ||
| Q1 24 | $-40.0M | $138.1M |
| Q4 25 | — | 17.4% | ||
| Q3 25 | 32.3% | 24.5% | ||
| Q2 25 | 31.9% | 24.7% | ||
| Q1 25 | 32.2% | 25.9% | ||
| Q4 24 | 32.3% | 24.6% | ||
| Q3 24 | 32.8% | 27.1% | ||
| Q2 24 | 33.4% | 27.9% | ||
| Q1 24 | 33.4% | 27.1% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 2.5% | 12.0% | ||
| Q2 25 | 1.7% | 13.4% | ||
| Q1 25 | 4.3% | 14.4% | ||
| Q4 24 | -1.6% | 13.6% | ||
| Q3 24 | -38.6% | 15.9% | ||
| Q2 24 | 5.5% | 16.8% | ||
| Q1 24 | 7.6% | 16.6% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | -7.3% | 9.4% | ||
| Q2 25 | -0.4% | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | -5.3% | 11.1% | ||
| Q3 24 | -36.3% | 12.7% | ||
| Q2 24 | -5.1% | 13.2% | ||
| Q1 24 | -3.0% | 13.2% |
| Q4 25 | — | $2.42 | ||
| Q3 25 | $-0.44 | $3.92 | ||
| Q2 25 | $-0.03 | $4.42 | ||
| Q1 25 | $0.01 | $3.98 | ||
| Q4 24 | $-0.52 | $4.71 | ||
| Q3 24 | $-2.44 | $5.10 | ||
| Q2 24 | $-0.46 | $5.12 | ||
| Q1 24 | $-0.28 | $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 | $8.4B | $3.2B |
| Total Assets | $19.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $173.0M | — | ||
| Q3 24 | $409.0M | — | ||
| Q2 24 | $73.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $3.2B | ||
| Q3 25 | $8.4B | $3.1B | ||
| Q2 25 | $8.6B | $3.1B | ||
| Q1 25 | $8.6B | $3.0B | ||
| Q4 24 | $8.6B | $2.9B | ||
| Q3 24 | $9.0B | $2.8B | ||
| Q2 24 | $4.9B | $2.7B | ||
| Q1 24 | $5.6B | $2.6B |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $19.2B | $4.8B | ||
| Q2 25 | $19.4B | $4.7B | ||
| Q1 25 | $18.8B | $4.6B | ||
| Q4 24 | $18.7B | $4.5B | ||
| Q3 24 | $19.3B | $4.5B | ||
| Q2 24 | $18.8B | $4.3B | ||
| Q1 24 | — | $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 | $230.0M | $-8.7M |
| Free Cash FlowOCF − Capex | $35.0M | $-13.0M |
| FCF MarginFCF / Revenue | 2.5% | -1.1% |
| Capex IntensityCapex / Revenue | 14.2% | 0.4% |
| Cash ConversionOCF / Net Profit | — | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-8.7M | ||
| Q3 25 | $230.0M | $43.4M | ||
| Q2 25 | $258.0M | $37.8M | ||
| Q1 25 | $139.0M | $64.9M | ||
| Q4 24 | — | $104.4M | ||
| Q3 24 | $186.0M | $-67.9M | ||
| Q2 24 | $155.0M | $27.5M | ||
| Q1 24 | $105.0M | $115.8M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $35.0M | $42.0M | ||
| Q2 25 | $95.0M | $35.1M | ||
| Q1 25 | $-12.0M | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | $33.0M | $-68.5M | ||
| Q2 24 | $-31.0M | $22.0M | ||
| Q1 24 | $-42.0M | $115.5M |
| Q4 25 | — | -1.1% | ||
| Q3 25 | 2.5% | 3.7% | ||
| Q2 25 | 7.0% | 3.0% | ||
| Q1 25 | -0.9% | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 2.5% | -6.0% | ||
| Q2 24 | -2.3% | 2.0% | ||
| Q1 24 | -3.2% | 11.0% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 14.2% | 0.1% | ||
| Q2 25 | 12.1% | 0.2% | ||
| Q1 25 | 11.7% | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 11.5% | 0.1% | ||
| Q2 24 | 13.9% | 0.5% | ||
| Q1 24 | 11.1% | 0.0% |
| Q4 25 | — | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
