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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and OCEANEERING INTERNATIONAL INC (OII). 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 $692.4M, roughly 1.7× OCEANEERING INTERNATIONAL INC). M/I HOMES, INC. runs the higher net margin — 5.6% vs 5.2%, a 0.4% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (2.7% vs -4.8%). M/I HOMES, INC. produced more free cash flow last quarter ($-13.0M vs $-76.5M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs 1.8%).
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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
MHO vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $692.4M |
| Net Profit | $64.0M | $36.1M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.6% | 5.2% |
| Revenue YoY | -4.8% | 2.7% |
| Net Profit YoY | -52.1% | -79.7% |
| EPS (diluted) | $2.42 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | $1.1B | $668.6M | ||
| Q3 25 | $1.1B | $742.9M | ||
| Q2 25 | $1.2B | $698.2M | ||
| Q1 25 | $976.1M | $674.5M | ||
| Q4 24 | $1.2B | $713.5M | ||
| Q3 24 | $1.1B | $679.8M | ||
| Q2 24 | $1.1B | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $64.0M | $177.7M | ||
| Q3 25 | $106.5M | $71.3M | ||
| Q2 25 | $121.2M | $54.4M | ||
| Q1 25 | $111.2M | $50.4M | ||
| Q4 24 | $133.5M | $56.1M | ||
| Q3 24 | $145.4M | $41.2M | ||
| Q2 24 | $146.7M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | 19.8% | ||
| Q3 25 | 24.5% | 20.6% | ||
| Q2 25 | 24.7% | 21.3% | ||
| Q1 25 | 25.9% | 20.0% | ||
| Q4 24 | 24.6% | 19.9% | ||
| Q3 24 | 27.1% | 19.3% | ||
| Q2 24 | 27.9% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 9.8% | ||
| Q3 25 | 12.0% | 11.6% | ||
| Q2 25 | 13.4% | 11.3% | ||
| Q1 25 | 14.4% | 10.9% | ||
| Q4 24 | 13.6% | 10.9% | ||
| Q3 24 | 15.9% | 10.5% | ||
| Q2 24 | 16.8% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 5.6% | 26.6% | ||
| Q3 25 | 9.4% | 9.6% | ||
| Q2 25 | 10.4% | 7.8% | ||
| Q1 25 | 11.4% | 7.5% | ||
| Q4 24 | 11.1% | 7.9% | ||
| Q3 24 | 12.7% | 6.1% | ||
| Q2 24 | 13.2% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $2.42 | $1.75 | ||
| Q3 25 | $3.92 | $0.71 | ||
| Q2 25 | $4.42 | $0.54 | ||
| Q1 25 | $3.98 | $0.49 | ||
| Q4 24 | $4.71 | $0.55 | ||
| Q3 24 | $5.10 | $0.40 | ||
| Q2 24 | $5.12 | $0.34 |
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 | — | $488.8M |
| Stockholders' EquityBook value | $3.2B | $1.1B |
| Total Assets | $4.8B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.0M | ||
| Q4 24 | — | $504.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $3.2B | $1.1B | ||
| Q3 25 | $3.1B | $907.7M | ||
| Q2 25 | $3.1B | $842.1M | ||
| Q1 25 | $3.0B | $773.1M | ||
| Q4 24 | $2.9B | $714.3M | ||
| Q3 24 | $2.8B | $698.0M | ||
| Q2 24 | $2.7B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.8B | $2.7B | ||
| Q3 25 | $4.8B | $2.5B | ||
| Q2 25 | $4.7B | $2.3B | ||
| Q1 25 | $4.6B | $2.3B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.5B | $2.4B | ||
| Q2 24 | $4.3B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-76.5M |
| FCF MarginFCF / Revenue | -1.1% | -11.1% |
| Capex IntensityCapex / Revenue | 0.4% | 2.5% |
| Cash ConversionOCF / Net Profit | -0.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $221.1M | ||
| Q3 25 | $43.4M | $101.3M | ||
| Q2 25 | $37.8M | $77.2M | ||
| Q1 25 | $64.9M | $-80.7M | ||
| Q4 24 | $104.4M | $128.4M | ||
| Q3 24 | $-67.9M | $91.9M | ||
| Q2 24 | $27.5M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $-13.0M | $190.7M | ||
| Q3 25 | $42.0M | $77.0M | ||
| Q2 25 | $35.1M | $46.9M | ||
| Q1 25 | $63.5M | $-106.8M | ||
| Q4 24 | $102.3M | $94.5M | ||
| Q3 24 | $-68.5M | $67.0M | ||
| Q2 24 | $22.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | -1.1% | 28.5% | ||
| Q3 25 | 3.7% | 10.4% | ||
| Q2 25 | 3.0% | 6.7% | ||
| Q1 25 | 6.5% | -15.8% | ||
| Q4 24 | 8.5% | 13.2% | ||
| Q3 24 | -6.0% | 9.9% | ||
| Q2 24 | 2.0% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 0.4% | 4.6% | ||
| Q3 25 | 0.1% | 3.3% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.1% | 3.9% | ||
| Q4 24 | 0.2% | 4.7% | ||
| Q3 24 | 0.1% | 3.7% | ||
| Q2 24 | 0.5% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.14× | 1.24× | ||
| Q3 25 | 0.41× | 1.42× | ||
| Q2 25 | 0.31× | 1.42× | ||
| Q1 25 | 0.58× | -1.60× | ||
| Q4 24 | 0.78× | 2.29× | ||
| Q3 24 | -0.47× | 2.23× | ||
| Q2 24 | 0.19× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
