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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Cloudflare, Inc. (NET). 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 $614.5M, roughly 1.9× Cloudflare, Inc.). M/I HOMES, INC. runs the higher net margin — 5.6% vs -2.0%, a 7.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -4.8%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-13.0M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
MHO vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $614.5M |
| Net Profit | $64.0M | $-12.1M |
| Gross Margin | 17.4% | 73.6% |
| Operating Margin | 6.5% | -8.0% |
| Net Margin | 5.6% | -2.0% |
| Revenue YoY | -4.8% | 33.6% |
| Net Profit YoY | -52.1% | 6.0% |
| EPS (diluted) | $2.42 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $1.1B | $562.0M | ||
| Q2 25 | $1.2B | $512.3M | ||
| Q1 25 | $976.1M | $479.1M | ||
| Q4 24 | $1.2B | $459.9M | ||
| Q3 24 | $1.1B | $430.1M | ||
| Q2 24 | $1.1B | $401.0M | ||
| Q1 24 | $1.0B | $378.6M |
| Q4 25 | $64.0M | $-12.1M | ||
| Q3 25 | $106.5M | $-1.3M | ||
| Q2 25 | $121.2M | $-50.4M | ||
| Q1 25 | $111.2M | $-38.5M | ||
| Q4 24 | $133.5M | $-12.8M | ||
| Q3 24 | $145.4M | $-15.3M | ||
| Q2 24 | $146.7M | $-15.1M | ||
| Q1 24 | $138.1M | $-35.5M |
| Q4 25 | 17.4% | 73.6% | ||
| Q3 25 | 24.5% | 74.0% | ||
| Q2 25 | 24.7% | 74.9% | ||
| Q1 25 | 25.9% | 75.9% | ||
| Q4 24 | 24.6% | 76.4% | ||
| Q3 24 | 27.1% | 77.7% | ||
| Q2 24 | 27.9% | 77.8% | ||
| Q1 24 | 27.1% | 77.5% |
| Q4 25 | 6.5% | -8.0% | ||
| Q3 25 | 12.0% | -6.7% | ||
| Q2 25 | 13.4% | -13.1% | ||
| Q1 25 | 14.4% | -11.1% | ||
| Q4 24 | 13.6% | -7.5% | ||
| Q3 24 | 15.9% | -7.2% | ||
| Q2 24 | 16.8% | -8.7% | ||
| Q1 24 | 16.6% | -14.4% |
| Q4 25 | 5.6% | -2.0% | ||
| Q3 25 | 9.4% | -0.2% | ||
| Q2 25 | 10.4% | -9.8% | ||
| Q1 25 | 11.4% | -8.0% | ||
| Q4 24 | 11.1% | -2.8% | ||
| Q3 24 | 12.7% | -3.6% | ||
| Q2 24 | 13.2% | -3.8% | ||
| Q1 24 | 13.2% | -9.4% |
| Q4 25 | $2.42 | $-0.03 | ||
| Q3 25 | $3.92 | $0.00 | ||
| Q2 25 | $4.42 | $-0.15 | ||
| Q1 25 | $3.98 | $-0.11 | ||
| Q4 24 | $4.71 | $-0.05 | ||
| Q3 24 | $5.10 | $-0.04 | ||
| Q2 24 | $5.12 | $-0.04 | ||
| Q1 24 | $4.78 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.2B | $1.5B |
| Total Assets | $4.8B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.1B | $1.3B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $2.9B | $1.0B | ||
| Q3 24 | $2.8B | $973.1M | ||
| Q2 24 | $2.7B | $881.5M | ||
| Q1 24 | $2.6B | $797.2M |
| Q4 25 | $4.8B | $6.0B | ||
| Q3 25 | $4.8B | $5.8B | ||
| Q2 25 | $4.7B | $5.6B | ||
| Q1 25 | $4.6B | $3.7B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.3B | $2.9B | ||
| Q1 24 | $4.2B | $2.8B |
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 | $190.4M |
| Free Cash FlowOCF − Capex | $-13.0M | $105.2M |
| FCF MarginFCF / Revenue | -1.1% | 17.1% |
| Capex IntensityCapex / Revenue | 0.4% | 13.9% |
| Cash ConversionOCF / Net Profit | -0.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $190.4M | ||
| Q3 25 | $43.4M | $167.1M | ||
| Q2 25 | $37.8M | $99.8M | ||
| Q1 25 | $64.9M | $145.8M | ||
| Q4 24 | $104.4M | $127.3M | ||
| Q3 24 | $-67.9M | $104.7M | ||
| Q2 24 | $27.5M | $74.8M | ||
| Q1 24 | $115.8M | $73.6M |
| Q4 25 | $-13.0M | $105.2M | ||
| Q3 25 | $42.0M | $82.5M | ||
| Q2 25 | $35.1M | $39.9M | ||
| Q1 25 | $63.5M | $59.9M | ||
| Q4 24 | $102.3M | $54.2M | ||
| Q3 24 | $-68.5M | $54.5M | ||
| Q2 24 | $22.0M | $45.2M | ||
| Q1 24 | $115.5M | $41.5M |
| Q4 25 | -1.1% | 17.1% | ||
| Q3 25 | 3.7% | 14.7% | ||
| Q2 25 | 3.0% | 7.8% | ||
| Q1 25 | 6.5% | 12.5% | ||
| Q4 24 | 8.5% | 11.8% | ||
| Q3 24 | -6.0% | 12.7% | ||
| Q2 24 | 2.0% | 11.3% | ||
| Q1 24 | 11.0% | 11.0% |
| Q4 25 | 0.4% | 13.9% | ||
| Q3 25 | 0.1% | 15.1% | ||
| Q2 25 | 0.2% | 11.7% | ||
| Q1 25 | 0.1% | 17.9% | ||
| Q4 24 | 0.2% | 15.9% | ||
| Q3 24 | 0.1% | 11.7% | ||
| Q2 24 | 0.5% | 7.4% | ||
| Q1 24 | 0.0% | 8.5% |
| 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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
