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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.

Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.1× M/I HOMES, INC.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 5.6%, a 11.0% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -4.8%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $-13.0M).

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 Q — Head-to-Head

Bigger by revenue
Q
Q
1.1× larger
Q
$1.3B
$1.1B
MHO
Growing faster (revenue YoY)
Q
Q
+16.0% gap
Q
11.1%
-4.8%
MHO
Higher net margin
Q
Q
11.0% more per $
Q
16.5%
5.6%
MHO
More free cash flow
Q
Q
$581.0M more FCF
Q
$568.0M
$-13.0M
MHO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MHO
MHO
Q
Q
Revenue
$1.1B
$1.3B
Net Profit
$64.0M
$211.0M
Gross Margin
17.4%
45.1%
Operating Margin
6.5%
21.3%
Net Margin
5.6%
16.5%
Revenue YoY
-4.8%
11.1%
Net Profit YoY
-52.1%
6.0%
EPS (diluted)
$2.42
$1.01

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.

Revenue
MHO
MHO
Q
Q
Q4 25
$1.1B
Q3 25
$1.1B
$1.3B
Q2 25
$1.2B
Q1 25
$976.1M
Q4 24
$1.2B
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
Q1 24
$1.0B
Net Profit
MHO
MHO
Q
Q
Q4 25
$64.0M
Q3 25
$106.5M
$211.0M
Q2 25
$121.2M
Q1 25
$111.2M
Q4 24
$133.5M
Q3 24
$145.4M
$199.0M
Q2 24
$146.7M
Q1 24
$138.1M
Gross Margin
MHO
MHO
Q
Q
Q4 25
17.4%
Q3 25
24.5%
45.1%
Q2 25
24.7%
Q1 25
25.9%
Q4 24
24.6%
Q3 24
27.1%
47.0%
Q2 24
27.9%
Q1 24
27.1%
Operating Margin
MHO
MHO
Q
Q
Q4 25
6.5%
Q3 25
12.0%
21.3%
Q2 25
13.4%
Q1 25
14.4%
Q4 24
13.6%
Q3 24
15.9%
21.8%
Q2 24
16.8%
Q1 24
16.6%
Net Margin
MHO
MHO
Q
Q
Q4 25
5.6%
Q3 25
9.4%
16.5%
Q2 25
10.4%
Q1 25
11.4%
Q4 24
11.1%
Q3 24
12.7%
17.3%
Q2 24
13.2%
Q1 24
13.2%
EPS (diluted)
MHO
MHO
Q
Q
Q4 25
$2.42
Q3 25
$3.92
$1.01
Q2 25
$4.42
Q1 25
$3.98
Q4 24
$4.71
Q3 24
$5.10
$0.95
Q2 24
$5.12
Q1 24
$4.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MHO
MHO
Q
Q
Cash + ST InvestmentsLiquidity on hand
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$3.2B
$9.1B
Total Assets
$4.8B
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHO
MHO
Q
Q
Q4 25
Q3 25
$128.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
MHO
MHO
Q
Q
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MHO
MHO
Q
Q
Q4 25
$3.2B
Q3 25
$3.1B
$9.1B
Q2 25
$3.1B
Q1 25
$3.0B
Q4 24
$2.9B
Q3 24
$2.8B
$11.1B
Q2 24
$2.7B
Q1 24
$2.6B
Total Assets
MHO
MHO
Q
Q
Q4 25
$4.8B
Q3 25
$4.8B
$12.5B
Q2 25
$4.7B
Q1 25
$4.6B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.3B
Q1 24
$4.2B
Debt / Equity
MHO
MHO
Q
Q
Q4 25
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
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
MHO
MHO
Q
Q
Operating Cash FlowLast quarter
$-8.7M
$782.0M
Free Cash FlowOCF − Capex
$-13.0M
$568.0M
FCF MarginFCF / Revenue
-1.1%
44.5%
Capex IntensityCapex / Revenue
0.4%
16.8%
Cash ConversionOCF / Net Profit
-0.14×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$127.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHO
MHO
Q
Q
Q4 25
$-8.7M
Q3 25
$43.4M
$782.0M
Q2 25
$37.8M
Q1 25
$64.9M
Q4 24
$104.4M
Q3 24
$-67.9M
Q2 24
$27.5M
Q1 24
$115.8M
Free Cash Flow
MHO
MHO
Q
Q
Q4 25
$-13.0M
Q3 25
$42.0M
$568.0M
Q2 25
$35.1M
Q1 25
$63.5M
Q4 24
$102.3M
Q3 24
$-68.5M
Q2 24
$22.0M
Q1 24
$115.5M
FCF Margin
MHO
MHO
Q
Q
Q4 25
-1.1%
Q3 25
3.7%
44.5%
Q2 25
3.0%
Q1 25
6.5%
Q4 24
8.5%
Q3 24
-6.0%
Q2 24
2.0%
Q1 24
11.0%
Capex Intensity
MHO
MHO
Q
Q
Q4 25
0.4%
Q3 25
0.1%
16.8%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.5%
Q1 24
0.0%
Cash Conversion
MHO
MHO
Q
Q
Q4 25
-0.14×
Q3 25
0.41×
3.71×
Q2 25
0.31×
Q1 25
0.58×
Q4 24
0.78×
Q3 24
-0.47×
Q2 24
0.19×
Q1 24
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MHO
MHO

Southern Homebuilding$615.6M54%
Northern Homebuilding$503.9M44%
Financial Service$27.8M2%
Land$4.7M0%

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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