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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× M/I HOMES, INC.). OPEN TEXT CORP runs the higher net margin — 12.7% vs 5.6%, a 7.1% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -4.8%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs -4.3%).
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.
Open Text Corporation is a global software company that develops and sells information management software.
MHO vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.3B |
| Net Profit | $64.0M | $168.1M |
| Gross Margin | 17.4% | 74.0% |
| Operating Margin | 6.5% | 22.0% |
| Net Margin | 5.6% | 12.7% |
| Revenue YoY | -4.8% | -0.6% |
| Net Profit YoY | -52.1% | -26.9% |
| EPS (diluted) | $2.42 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $976.1M | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
| Q4 25 | $64.0M | $168.1M | ||
| Q3 25 | $106.5M | $146.6M | ||
| Q2 25 | $121.2M | $28.8M | ||
| Q1 25 | $111.2M | $92.8M | ||
| Q4 24 | $133.5M | $229.9M | ||
| Q3 24 | $145.4M | $84.4M | ||
| Q2 24 | $146.7M | $248.2M | ||
| Q1 24 | $138.1M | $98.3M |
| Q4 25 | 17.4% | 74.0% | ||
| Q3 25 | 24.5% | 72.8% | ||
| Q2 25 | 24.7% | 72.3% | ||
| Q1 25 | 25.9% | 71.6% | ||
| Q4 24 | 24.6% | 73.3% | ||
| Q3 24 | 27.1% | 71.7% | ||
| Q2 24 | 27.9% | 72.5% | ||
| Q1 24 | 27.1% | 73.0% |
| Q4 25 | 6.5% | 22.0% | ||
| Q3 25 | 12.0% | 21.0% | ||
| Q2 25 | 13.4% | 13.9% | ||
| Q1 25 | 14.4% | 16.7% | ||
| Q4 24 | 13.6% | 22.2% | ||
| Q3 24 | 15.9% | 16.3% | ||
| Q2 24 | 16.8% | 14.2% | ||
| Q1 24 | 16.6% | 15.7% |
| Q4 25 | 5.6% | 12.7% | ||
| Q3 25 | 9.4% | 11.4% | ||
| Q2 25 | 10.4% | 2.2% | ||
| Q1 25 | 11.4% | 7.4% | ||
| Q4 24 | 11.1% | 17.2% | ||
| Q3 24 | 12.7% | 6.6% | ||
| Q2 24 | 13.2% | 18.2% | ||
| Q1 24 | 13.2% | 6.8% |
| Q4 25 | $2.42 | $0.66 | ||
| Q3 25 | $3.92 | $0.58 | ||
| Q2 25 | $4.42 | $0.11 | ||
| Q1 25 | $3.98 | $0.35 | ||
| Q4 24 | $4.71 | $0.87 | ||
| Q3 24 | $5.10 | $0.32 | ||
| Q2 24 | $5.12 | $0.91 | ||
| Q1 24 | $4.78 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $3.2B | $4.0B |
| Total Assets | $4.8B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $3.2B | $4.0B | ||
| Q3 25 | $3.1B | $4.0B | ||
| Q2 25 | $3.1B | $3.9B | ||
| Q1 25 | $3.0B | $4.1B | ||
| Q4 24 | $2.9B | $4.2B | ||
| Q3 24 | $2.8B | $4.1B | ||
| Q2 24 | $2.7B | $4.2B | ||
| Q1 24 | $2.6B | $4.1B |
| Q4 25 | $4.8B | $13.6B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $4.7B | $13.8B | ||
| Q1 25 | $4.6B | $13.8B | ||
| Q4 24 | $4.5B | $13.7B | ||
| Q3 24 | $4.5B | $13.8B | ||
| Q2 24 | $4.3B | $14.2B | ||
| Q1 24 | $4.2B | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $-13.0M | $279.4M |
| FCF MarginFCF / Revenue | -1.1% | 21.1% |
| Capex IntensityCapex / Revenue | 0.4% | 3.0% |
| Cash ConversionOCF / Net Profit | -0.14× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $318.7M | ||
| Q3 25 | $43.4M | $147.8M | ||
| Q2 25 | $37.8M | $158.2M | ||
| Q1 25 | $64.9M | $402.2M | ||
| Q4 24 | $104.4M | $348.0M | ||
| Q3 24 | $-67.9M | $-77.8M | ||
| Q2 24 | $27.5M | $185.2M | ||
| Q1 24 | $115.8M | $384.7M |
| Q4 25 | $-13.0M | $279.4M | ||
| Q3 25 | $42.0M | $101.2M | ||
| Q2 25 | $35.1M | $124.0M | ||
| Q1 25 | $63.5M | $373.8M | ||
| Q4 24 | $102.3M | $306.7M | ||
| Q3 24 | $-68.5M | $-117.1M | ||
| Q2 24 | $22.0M | $145.2M | ||
| Q1 24 | $115.5M | $348.2M |
| Q4 25 | -1.1% | 21.1% | ||
| Q3 25 | 3.7% | 7.9% | ||
| Q2 25 | 3.0% | 9.5% | ||
| Q1 25 | 6.5% | 29.8% | ||
| Q4 24 | 8.5% | 23.0% | ||
| Q3 24 | -6.0% | -9.2% | ||
| Q2 24 | 2.0% | 10.7% | ||
| Q1 24 | 11.0% | 24.1% |
| Q4 25 | 0.4% | 3.0% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.2% | 3.1% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.5% | 2.9% | ||
| Q1 24 | 0.0% | 2.5% |
| Q4 25 | -0.14× | 1.90× | ||
| Q3 25 | 0.41× | 1.01× | ||
| Q2 25 | 0.31× | 5.49× | ||
| Q1 25 | 0.58× | 4.33× | ||
| Q4 24 | 0.78× | 1.51× | ||
| Q3 24 | -0.47× | -0.92× | ||
| Q2 24 | 0.19× | 0.75× | ||
| Q1 24 | 0.84× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
