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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.2× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 4.4%, a 1.2% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs -4.8%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
MHO vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.4B |
| Net Profit | $64.0M | $59.7M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | 7.0% |
| Net Margin | 5.6% | 4.4% |
| Revenue YoY | -4.8% | 18.4% |
| Net Profit YoY | -52.1% | 3022.5% |
| EPS (diluted) | $2.42 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $976.1M | $1.3B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $981.4M | ||
| Q1 24 | $1.0B | $934.3M |
| Q4 25 | $64.0M | $59.7M | ||
| Q3 25 | $106.5M | $52.4M | ||
| Q2 25 | $121.2M | $51.0M | ||
| Q1 25 | $111.2M | $28.5M | ||
| Q4 24 | $133.5M | $1.9M | ||
| Q3 24 | $145.4M | $15.6M | ||
| Q2 24 | $146.7M | $-10.9M | ||
| Q1 24 | $138.1M | $49.1M |
| Q4 25 | 17.4% | — | ||
| Q3 25 | 24.5% | — | ||
| Q2 25 | 24.7% | — | ||
| Q1 25 | 25.9% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.1% | 17.1% | ||
| Q2 24 | 27.9% | 22.3% | ||
| Q1 24 | 27.1% | 21.2% |
| Q4 25 | 6.5% | 7.0% | ||
| Q3 25 | 12.0% | 6.4% | ||
| Q2 25 | 13.4% | 6.2% | ||
| Q1 25 | 14.4% | 3.8% | ||
| Q4 24 | 13.6% | 1.7% | ||
| Q3 24 | 15.9% | 2.2% | ||
| Q2 24 | 16.8% | 0.1% | ||
| Q1 24 | 16.6% | 8.6% |
| Q4 25 | 5.6% | 4.4% | ||
| Q3 25 | 9.4% | 3.9% | ||
| Q2 25 | 10.4% | 3.9% | ||
| Q1 25 | 11.4% | 2.2% | ||
| Q4 24 | 11.1% | 0.2% | ||
| Q3 24 | 12.7% | 1.5% | ||
| Q2 24 | 13.2% | -1.1% | ||
| Q1 24 | 13.2% | 5.3% |
| Q4 25 | $2.42 | $0.42 | ||
| Q3 25 | $3.92 | $0.32 | ||
| Q2 25 | $4.42 | $0.31 | ||
| Q1 25 | $3.98 | $0.17 | ||
| Q4 24 | $4.71 | $-0.03 | ||
| Q3 24 | $5.10 | $0.10 | ||
| Q2 24 | $5.12 | $-0.07 | ||
| Q1 24 | $4.78 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | $3.2B | $946.8M |
| Total Assets | $4.8B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $197.0M | ||
| Q3 25 | — | $355.7M | ||
| Q2 25 | — | $294.2M | ||
| Q1 25 | — | $287.5M | ||
| Q4 24 | — | $157.7M | ||
| Q3 24 | — | $49.5M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $81.2M |
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $946.8M | ||
| Q3 25 | $3.1B | $871.3M | ||
| Q2 25 | $3.1B | $806.8M | ||
| Q1 25 | $3.0B | $750.2M | ||
| Q4 24 | $2.9B | $709.6M | ||
| Q3 24 | $2.8B | $660.0M | ||
| Q2 24 | $2.7B | $572.1M | ||
| Q1 24 | $2.6B | $128.0M |
| Q4 25 | $4.8B | $5.6B | ||
| Q3 25 | $4.8B | $5.6B | ||
| Q2 25 | $4.7B | $5.5B | ||
| Q1 25 | $4.6B | $5.5B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.5B | $4.5B | ||
| Q2 24 | $4.3B | $3.9B | ||
| Q1 24 | $4.2B | $3.9B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-3.4M |
| Free Cash FlowOCF − Capex | $-13.0M | — |
| FCF MarginFCF / Revenue | -1.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | -0.14× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $-3.4M | ||
| Q3 25 | $43.4M | $204.8M | ||
| Q2 25 | $37.8M | $52.6M | ||
| Q1 25 | $64.9M | $150.2M | ||
| Q4 24 | $104.4M | $64.6M | ||
| Q3 24 | $-67.9M | $209.2M | ||
| Q2 24 | $27.5M | $34.8M | ||
| Q1 24 | $115.8M | $58.8M |
| 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 24 | $115.5M | — |
| 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 24 | 11.0% | — |
| 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 24 | 0.0% | — |
| Q4 25 | -0.14× | -0.06× | ||
| Q3 25 | 0.41× | 3.91× | ||
| Q2 25 | 0.31× | 1.03× | ||
| Q1 25 | 0.58× | 5.28× | ||
| Q4 24 | 0.78× | 33.78× | ||
| Q3 24 | -0.47× | 13.39× | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.84× | 1.20× |
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% |
PACS
Segment breakdown not available.
