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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× M/I HOMES, INC.). Public Storage runs the higher net margin — 41.7% vs 5.6%, a 36.1% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -4.8%). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
MHO vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $64.0M | $507.1M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | 40.7% |
| Net Margin | 5.6% | 41.7% |
| Revenue YoY | -4.8% | 3.3% |
| Net Profit YoY | -52.1% | -17.5% |
| EPS (diluted) | $2.42 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $976.1M | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | $64.0M | $507.1M | ||
| Q3 25 | $106.5M | $511.1M | ||
| Q2 25 | $121.2M | $358.4M | ||
| Q1 25 | $111.2M | $407.8M | ||
| Q4 24 | $133.5M | $614.6M | ||
| Q3 24 | $145.4M | $430.3M | ||
| Q2 24 | $146.7M | $518.1M | ||
| Q1 24 | $138.1M | $508.9M |
| 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 24 | 27.1% | — |
| Q4 25 | 6.5% | 40.7% | ||
| Q3 25 | 12.0% | 42.3% | ||
| Q2 25 | 13.4% | 30.4% | ||
| Q1 25 | 14.4% | 34.8% | ||
| Q4 24 | 13.6% | 52.4% | ||
| Q3 24 | 15.9% | 36.7% | ||
| Q2 24 | 16.8% | 44.6% | ||
| Q1 24 | 16.6% | 44.3% |
| Q4 25 | 5.6% | 41.7% | ||
| Q3 25 | 9.4% | 41.8% | ||
| Q2 25 | 10.4% | 29.8% | ||
| Q1 25 | 11.4% | 34.5% | ||
| Q4 24 | 11.1% | 52.2% | ||
| Q3 24 | 12.7% | 36.2% | ||
| Q2 24 | 13.2% | 44.2% | ||
| Q1 24 | 13.2% | 44.0% |
| Q4 25 | $2.42 | $2.59 | ||
| Q3 25 | $3.92 | $2.62 | ||
| Q2 25 | $4.42 | $1.76 | ||
| Q1 25 | $3.98 | $2.04 | ||
| Q4 24 | $4.71 | $3.22 | ||
| Q3 24 | $5.10 | $2.16 | ||
| Q2 24 | $5.12 | $2.66 | ||
| Q1 24 | $4.78 | $2.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $3.2B | $9.2B |
| Total Assets | $4.8B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $318.1M | ||
| Q3 25 | — | $296.5M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | — | $447.4M | ||
| Q3 24 | — | $599.0M | ||
| Q2 24 | — | $542.3M | ||
| Q1 24 | — | $271.6M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $3.2B | $9.2B | ||
| Q3 25 | $3.1B | $9.3B | ||
| Q2 25 | $3.1B | $9.4B | ||
| Q1 25 | $3.0B | $9.6B | ||
| Q4 24 | $2.9B | $9.7B | ||
| Q3 24 | $2.8B | $9.6B | ||
| Q2 24 | $2.7B | $9.7B | ||
| Q1 24 | $2.6B | $9.9B |
| Q4 25 | $4.8B | $20.2B | ||
| Q3 25 | $4.8B | $20.1B | ||
| Q2 25 | $4.7B | $20.5B | ||
| Q1 25 | $4.6B | $19.6B | ||
| Q4 24 | $4.5B | $19.8B | ||
| Q3 24 | $4.5B | $19.8B | ||
| Q2 24 | $4.3B | $19.8B | ||
| Q1 24 | $4.2B | $19.6B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $-13.0M | — |
| FCF MarginFCF / Revenue | -1.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | -0.14× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $733.6M | ||
| Q3 25 | $43.4M | $875.1M | ||
| Q2 25 | $37.8M | $872.7M | ||
| Q1 25 | $64.9M | $705.1M | ||
| Q4 24 | $104.4M | $768.6M | ||
| Q3 24 | $-67.9M | $798.8M | ||
| Q2 24 | $27.5M | $895.3M | ||
| Q1 24 | $115.8M | $665.6M |
| 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× | 1.45× | ||
| Q3 25 | 0.41× | 1.71× | ||
| Q2 25 | 0.31× | 2.43× | ||
| Q1 25 | 0.58× | 1.73× | ||
| Q4 24 | 0.78× | 1.25× | ||
| Q3 24 | -0.47× | 1.86× | ||
| Q2 24 | 0.19× | 1.73× | ||
| Q1 24 | 0.84× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
