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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and NEW JERSEY RESOURCES CORP (NJR). 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 $939.4M, roughly 1.2× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 5.6%, a 17.7% gap on every dollar of revenue. On growth, M/I HOMES, INC. posted the faster year-over-year revenue change (-4.8% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% 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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
MHO vs NJR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $939.4M |
| Net Profit | $64.0M | $218.9M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | 32.0% |
| Net Margin | 5.6% | 23.3% |
| Revenue YoY | -4.8% | -33.0% |
| Net Profit YoY | -52.1% | 7.2% |
| EPS (diluted) | $2.42 | $2.16 |
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 | — | $939.4M | ||
| Q4 25 | $1.1B | $440.9M | ||
| Q3 25 | $1.1B | $188.3M | ||
| Q2 25 | $1.2B | $234.8M | ||
| Q1 25 | $976.1M | $569.2M | ||
| Q4 24 | $1.2B | $359.0M | ||
| Q3 24 | $1.1B | $265.7M | ||
| Q2 24 | $1.1B | $209.9M |
| Q1 26 | — | $218.9M | ||
| Q4 25 | $64.0M | $122.5M | ||
| Q3 25 | $106.5M | $15.1M | ||
| Q2 25 | $121.2M | $-15.1M | ||
| Q1 25 | $111.2M | $204.3M | ||
| Q4 24 | $133.5M | $131.3M | ||
| Q3 24 | $145.4M | $91.1M | ||
| Q2 24 | $146.7M | $-11.6M |
| Q1 26 | — | — | ||
| 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 26 | — | 32.0% | ||
| Q4 25 | 6.5% | 40.6% | ||
| Q3 25 | 12.0% | 21.5% | ||
| Q2 25 | 13.4% | -0.5% | ||
| Q1 25 | 14.4% | 49.2% | ||
| Q4 24 | 13.6% | 52.8% | ||
| Q3 24 | 15.9% | 55.0% | ||
| Q2 24 | 16.8% | 2.8% |
| Q1 26 | — | 23.3% | ||
| Q4 25 | 5.6% | 27.8% | ||
| Q3 25 | 9.4% | 8.0% | ||
| Q2 25 | 10.4% | -6.4% | ||
| Q1 25 | 11.4% | 35.9% | ||
| Q4 24 | 11.1% | 36.6% | ||
| Q3 24 | 12.7% | 34.3% | ||
| Q2 24 | 13.2% | -5.5% |
| Q1 26 | — | $2.16 | ||
| Q4 25 | $2.42 | $1.21 | ||
| Q3 25 | $3.92 | $0.15 | ||
| Q2 25 | $4.42 | $-0.15 | ||
| Q1 25 | $3.98 | $2.02 | ||
| Q4 24 | $4.71 | $1.31 | ||
| Q3 24 | $5.10 | $0.91 | ||
| Q2 24 | $5.12 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.2B | — |
| Total Assets | $4.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $591.0K | ||
| Q2 25 | — | $931.0K | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | — | $22.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.1B | $2.4B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.7B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $4.8B | $7.9B | ||
| Q3 25 | $4.8B | $7.6B | ||
| Q2 25 | $4.7B | $7.3B | ||
| Q1 25 | $4.6B | $7.3B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $4.5B | $7.0B | ||
| Q2 24 | $4.3B | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× |
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 | 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 | $-8.7M | $26.7M | ||
| Q3 25 | $43.4M | $81.2M | ||
| Q2 25 | $37.8M | $-28.9M | ||
| Q1 25 | $64.9M | $423.0M | ||
| Q4 24 | $104.4M | $-9.0M | ||
| Q3 24 | $-67.9M | $64.5M | ||
| Q2 24 | $27.5M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.0M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $35.1M | — | ||
| Q1 25 | $63.5M | — | ||
| Q4 24 | $102.3M | — | ||
| Q3 24 | $-68.5M | — | ||
| Q2 24 | $22.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | -6.0% | — | ||
| Q2 24 | 2.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.14× | 0.22× | ||
| Q3 25 | 0.41× | 5.39× | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.58× | 2.07× | ||
| Q4 24 | 0.78× | -0.07× | ||
| Q3 24 | -0.47× | 0.71× | ||
| Q2 24 | 0.19× | — |
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% |
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
