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Side-by-side financial comparison of Magnera Corp (MAGN) 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 $792.0M, roughly 1.4× Magnera Corp). M/I HOMES, INC. runs the higher net margin — 5.6% vs -4.3%, a 9.9% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs -4.8%). M/I HOMES, INC. produced more free cash flow last quarter ($-13.0M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 4.7%).
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.
MAGN vs MHO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.1B |
| Net Profit | $-34.0M | $64.0M |
| Gross Margin | 12.2% | 17.4% |
| Operating Margin | 1.8% | 6.5% |
| Net Margin | -4.3% | 5.6% |
| Revenue YoY | 12.8% | -4.8% |
| Net Profit YoY | 43.3% | -52.1% |
| EPS (diluted) | $-0.95 | $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 | $792.0M | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $839.0M | $1.2B | ||
| Q1 25 | $824.0M | $976.1M | ||
| Q4 24 | $702.0M | $1.2B | ||
| Q3 24 | $332.1M | $1.1B | ||
| Q2 24 | $556.0M | $1.1B | ||
| Q1 24 | $558.0M | $1.0B |
| Q4 25 | $-34.0M | $64.0M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | $-18.0M | $121.2M | ||
| Q1 25 | $-41.0M | $111.2M | ||
| Q4 24 | $-60.0M | $133.5M | ||
| Q3 24 | $-15.2M | $145.4M | ||
| Q2 24 | $19.0M | $146.7M | ||
| Q1 24 | $14.0M | $138.1M |
| Q4 25 | 12.2% | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | 10.7% | 24.7% | ||
| Q1 25 | 10.7% | 25.9% | ||
| Q4 24 | 10.1% | 24.6% | ||
| Q3 24 | 10.7% | 27.1% | ||
| Q2 24 | 6.6% | 27.9% | ||
| Q1 24 | 6.2% | 27.1% |
| Q4 25 | 1.8% | 6.5% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | 1.5% | 13.4% | ||
| Q1 25 | 0.5% | 14.4% | ||
| Q4 24 | -3.1% | 13.6% | ||
| Q3 24 | 0.9% | 15.9% | ||
| Q2 24 | 3.1% | 16.8% | ||
| Q1 24 | 3.8% | 16.6% |
| Q4 25 | -4.3% | 5.6% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | -2.1% | 10.4% | ||
| Q1 25 | -5.0% | 11.4% | ||
| Q4 24 | -8.5% | 11.1% | ||
| Q3 24 | -4.6% | 12.7% | ||
| Q2 24 | 3.4% | 13.2% | ||
| Q1 24 | 2.5% | 13.2% |
| Q4 25 | $-0.95 | $2.42 | ||
| Q3 25 | — | $3.92 | ||
| Q2 25 | $-0.51 | $4.42 | ||
| Q1 25 | $-1.15 | $3.98 | ||
| Q4 24 | $-1.69 | $4.71 | ||
| Q3 24 | $-0.33 | $5.10 | ||
| Q2 24 | $0.60 | $5.12 | ||
| Q1 24 | $0.44 | $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 | $264.0M | — |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.0B | $3.2B |
| Total Assets | $3.9B | $4.8B |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $276.0M | — | ||
| Q1 25 | $282.0M | — | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $230.0M | — | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
| Q4 25 | $1.0B | $3.2B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.4B | $2.7B | ||
| Q1 24 | $2.4B | $2.6B |
| Q4 25 | $3.9B | $4.8B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $4.1B | $4.7B | ||
| Q1 25 | $4.1B | $4.6B | ||
| Q4 24 | $4.0B | $4.5B | ||
| Q3 24 | $2.8B | $4.5B | ||
| Q2 24 | $1.5B | $4.3B | ||
| Q1 24 | $1.5B | $4.2B |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | $-8.7M |
| Free Cash FlowOCF − Capex | $-13.0M | $-13.0M |
| FCF MarginFCF / Revenue | -1.6% | -1.1% |
| Capex IntensityCapex / Revenue | 1.9% | 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 | $2.0M | $-8.7M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | $0 | $37.8M | ||
| Q1 25 | $65.0M | $64.9M | ||
| Q4 24 | $-58.0M | $104.4M | ||
| Q3 24 | $12.2M | $-67.9M | ||
| Q2 24 | $38.0M | $27.5M | ||
| Q1 24 | $20.0M | $115.8M |
| Q4 25 | $-13.0M | $-13.0M | ||
| Q3 25 | — | $42.0M | ||
| Q2 25 | — | $35.1M | ||
| Q1 25 | $42.0M | $63.5M | ||
| Q4 24 | $-74.0M | $102.3M | ||
| Q3 24 | $3.6M | $-68.5M | ||
| Q2 24 | $23.0M | $22.0M | ||
| Q1 24 | $12.5M | $115.5M |
| Q4 25 | -1.6% | -1.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 5.1% | 6.5% | ||
| Q4 24 | -10.5% | 8.5% | ||
| Q3 24 | 1.1% | -6.0% | ||
| Q2 24 | 4.1% | 2.0% | ||
| Q1 24 | 2.2% | 11.0% |
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | 1.5% | 0.2% | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.7% | 0.5% | ||
| Q1 24 | 1.3% | 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 | 2.00× | 0.19× | ||
| Q1 24 | 1.43× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
