vs

Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Noble Corp plc (NE). 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 $764.4M, roughly 1.5× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 5.6%, a 5.8% gap on every dollar of revenue. On growth, M/I HOMES, INC. posted the faster year-over-year revenue change (-4.8% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $-13.0M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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.

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

MHO vs NE — Head-to-Head

Bigger by revenue
MHO
MHO
1.5× larger
MHO
$1.1B
$764.4M
NE
Growing faster (revenue YoY)
MHO
MHO
+12.8% gap
MHO
-4.8%
-17.6%
NE
Higher net margin
NE
NE
5.8% more per $
NE
11.3%
5.6%
MHO
More free cash flow
NE
NE
$48.3M more FCF
NE
$35.4M
$-13.0M
MHO
Faster 2-yr revenue CAGR
NE
NE
Annualised
NE
9.5%
4.7%
MHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MHO
MHO
NE
NE
Revenue
$1.1B
$764.4M
Net Profit
$64.0M
$86.6M
Gross Margin
17.4%
Operating Margin
6.5%
5.6%
Net Margin
5.6%
11.3%
Revenue YoY
-4.8%
-17.6%
Net Profit YoY
-52.1%
-10.4%
EPS (diluted)
$2.42
$0.54

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
MHO
MHO
NE
NE
Q4 25
$1.1B
$764.4M
Q3 25
$1.1B
$798.0M
Q2 25
$1.2B
$848.7M
Q1 25
$976.1M
$874.5M
Q4 24
$1.2B
$927.3M
Q3 24
$1.1B
$800.5M
Q2 24
$1.1B
$692.8M
Q1 24
$1.0B
$637.1M
Net Profit
MHO
MHO
NE
NE
Q4 25
$64.0M
$86.6M
Q3 25
$106.5M
$-21.1M
Q2 25
$121.2M
$42.9M
Q1 25
$111.2M
$108.3M
Q4 24
$133.5M
$96.6M
Q3 24
$145.4M
$61.2M
Q2 24
$146.7M
$195.0M
Q1 24
$138.1M
$95.5M
Gross Margin
MHO
MHO
NE
NE
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
MHO
MHO
NE
NE
Q4 25
6.5%
5.6%
Q3 25
12.0%
6.3%
Q2 25
13.4%
15.9%
Q1 25
14.4%
21.4%
Q4 24
13.6%
18.4%
Q3 24
15.9%
14.4%
Q2 24
16.8%
30.3%
Q1 24
16.6%
16.9%
Net Margin
MHO
MHO
NE
NE
Q4 25
5.6%
11.3%
Q3 25
9.4%
-2.6%
Q2 25
10.4%
5.1%
Q1 25
11.4%
12.4%
Q4 24
11.1%
10.4%
Q3 24
12.7%
7.6%
Q2 24
13.2%
28.1%
Q1 24
13.2%
15.0%
EPS (diluted)
MHO
MHO
NE
NE
Q4 25
$2.42
$0.54
Q3 25
$3.92
$-0.13
Q2 25
$4.42
$0.27
Q1 25
$3.98
$0.67
Q4 24
$4.71
$0.56
Q3 24
$5.10
$0.40
Q2 24
$5.12
$1.34
Q1 24
$4.78
$0.66

Balance Sheet & Financial Strength

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

Metric
MHO
MHO
NE
NE
Cash + ST InvestmentsLiquidity on hand
$471.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
$4.5B
Total Assets
$4.8B
$7.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHO
MHO
NE
NE
Q4 25
$471.4M
Q3 25
$477.9M
Q2 25
$338.2M
Q1 25
$303.8M
Q4 24
$247.3M
Q3 24
$391.9M
Q2 24
$162.9M
Q1 24
$212.5M
Stockholders' Equity
MHO
MHO
NE
NE
Q4 25
$3.2B
$4.5B
Q3 25
$3.1B
$4.5B
Q2 25
$3.1B
$4.6B
Q1 25
$3.0B
$4.7B
Q4 24
$2.9B
$4.7B
Q3 24
$2.8B
$4.7B
Q2 24
$2.7B
$4.0B
Q1 24
$2.6B
$3.9B
Total Assets
MHO
MHO
NE
NE
Q4 25
$4.8B
$7.5B
Q3 25
$4.8B
$7.6B
Q2 25
$4.7B
$7.7B
Q1 25
$4.6B
$7.9B
Q4 24
$4.5B
$8.0B
Q3 24
$4.5B
$8.0B
Q2 24
$4.3B
$5.6B
Q1 24
$4.2B
$5.4B

Cash Flow & Capital Efficiency

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

Metric
MHO
MHO
NE
NE
Operating Cash FlowLast quarter
$-8.7M
$187.1M
Free Cash FlowOCF − Capex
$-13.0M
$35.4M
FCF MarginFCF / Revenue
-1.1%
4.6%
Capex IntensityCapex / Revenue
0.4%
19.9%
Cash ConversionOCF / Net Profit
-0.14×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$127.7M
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHO
MHO
NE
NE
Q4 25
$-8.7M
$187.1M
Q3 25
$43.4M
$277.1M
Q2 25
$37.8M
$216.4M
Q1 25
$64.9M
$271.1M
Q4 24
$104.4M
$136.2M
Q3 24
$-67.9M
$283.8M
Q2 24
$27.5M
$106.8M
Q1 24
$115.8M
$128.7M
Free Cash Flow
MHO
MHO
NE
NE
Q4 25
$-13.0M
$35.4M
Q3 25
$42.0M
$139.5M
Q2 25
$35.1M
$99.8M
Q1 25
$63.5M
$157.5M
Q4 24
$102.3M
$-4.4M
Q3 24
$-68.5M
$156.8M
Q2 24
$22.0M
$-34.3M
Q1 24
$115.5M
$-37.9M
FCF Margin
MHO
MHO
NE
NE
Q4 25
-1.1%
4.6%
Q3 25
3.7%
17.5%
Q2 25
3.0%
11.8%
Q1 25
6.5%
18.0%
Q4 24
8.5%
-0.5%
Q3 24
-6.0%
19.6%
Q2 24
2.0%
-4.9%
Q1 24
11.0%
-6.0%
Capex Intensity
MHO
MHO
NE
NE
Q4 25
0.4%
19.9%
Q3 25
0.1%
17.3%
Q2 25
0.2%
13.7%
Q1 25
0.1%
13.0%
Q4 24
0.2%
15.2%
Q3 24
0.1%
15.9%
Q2 24
0.5%
20.4%
Q1 24
0.0%
26.2%
Cash Conversion
MHO
MHO
NE
NE
Q4 25
-0.14×
2.16×
Q3 25
0.41×
Q2 25
0.31×
5.05×
Q1 25
0.58×
2.50×
Q4 24
0.78×
1.41×
Q3 24
-0.47×
4.64×
Q2 24
0.19×
0.55×
Q1 24
0.84×
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MHO
MHO

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

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

Related Comparisons