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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and QuidelOrtho Corp (QDEL). 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 $699.9M, roughly 1.6× QuidelOrtho Corp). M/I HOMES, INC. runs the higher net margin — 5.6% vs -104.7%, a 110.3% gap on every dollar of revenue. On growth, QuidelOrtho Corp posted the faster year-over-year revenue change (-3.7% vs -4.8%). M/I HOMES, INC. produced more free cash flow last quarter ($-13.0M vs $-94.7M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs -2.9%).

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.

QuidelOrtho Corporation is an American manufacturer of diagnostic healthcare products that are sold worldwide.

MHO vs QDEL — Head-to-Head

Bigger by revenue
MHO
MHO
1.6× larger
MHO
$1.1B
$699.9M
QDEL
Growing faster (revenue YoY)
QDEL
QDEL
+1.1% gap
QDEL
-3.7%
-4.8%
MHO
Higher net margin
MHO
MHO
110.3% more per $
MHO
5.6%
-104.7%
QDEL
More free cash flow
MHO
MHO
$81.7M more FCF
MHO
$-13.0M
$-94.7M
QDEL
Faster 2-yr revenue CAGR
MHO
MHO
Annualised
MHO
4.7%
-2.9%
QDEL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MHO
MHO
QDEL
QDEL
Revenue
$1.1B
$699.9M
Net Profit
$64.0M
$-733.0M
Gross Margin
17.4%
Operating Margin
6.5%
-100.7%
Net Margin
5.6%
-104.7%
Revenue YoY
-4.8%
-3.7%
Net Profit YoY
-52.1%
-3583.4%
EPS (diluted)
$2.42
$-10.78

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
QDEL
QDEL
Q4 25
$1.1B
Q3 25
$1.1B
$699.9M
Q2 25
$1.2B
$613.9M
Q1 25
$976.1M
$692.8M
Q4 24
$1.2B
$707.8M
Q3 24
$1.1B
$727.1M
Q2 24
$1.1B
$637.0M
Q1 24
$1.0B
$711.0M
Net Profit
MHO
MHO
QDEL
QDEL
Q4 25
$64.0M
Q3 25
$106.5M
$-733.0M
Q2 25
$121.2M
$-255.4M
Q1 25
$111.2M
$-12.7M
Q4 24
$133.5M
$-178.4M
Q3 24
$145.4M
$-19.9M
Q2 24
$146.7M
$-147.7M
Q1 24
$138.1M
$-1.7B
Gross Margin
MHO
MHO
QDEL
QDEL
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%
Operating Margin
MHO
MHO
QDEL
QDEL
Q4 25
6.5%
Q3 25
12.0%
-100.7%
Q2 25
13.4%
-29.4%
Q1 25
14.4%
4.7%
Q4 24
13.6%
-14.2%
Q3 24
15.9%
2.1%
Q2 24
16.8%
-18.4%
Q1 24
16.6%
-247.3%
Net Margin
MHO
MHO
QDEL
QDEL
Q4 25
5.6%
Q3 25
9.4%
-104.7%
Q2 25
10.4%
-41.6%
Q1 25
11.4%
-1.8%
Q4 24
11.1%
-25.2%
Q3 24
12.7%
-2.7%
Q2 24
13.2%
-23.2%
Q1 24
13.2%
-239.9%
EPS (diluted)
MHO
MHO
QDEL
QDEL
Q4 25
$2.42
Q3 25
$3.92
$-10.78
Q2 25
$4.42
$-3.77
Q1 25
$3.98
$-0.19
Q4 24
$4.71
$-2.54
Q3 24
$5.10
$-0.30
Q2 24
$5.12
$-2.20
Q1 24
$4.78
$-25.50

Balance Sheet & Financial Strength

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

Metric
MHO
MHO
QDEL
QDEL
Cash + ST InvestmentsLiquidity on hand
$98.1M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$3.2B
$2.0B
Total Assets
$4.8B
$5.7B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHO
MHO
QDEL
QDEL
Q4 25
Q3 25
$98.1M
Q2 25
$151.7M
Q1 25
$127.1M
Q4 24
$98.3M
Q3 24
$143.7M
Q2 24
$107.0M
Q1 24
$78.5M
Total Debt
MHO
MHO
QDEL
QDEL
Q4 25
Q3 25
$2.5B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.2B
Stockholders' Equity
MHO
MHO
QDEL
QDEL
Q4 25
$3.2B
Q3 25
$3.1B
$2.0B
Q2 25
$3.1B
$2.8B
Q1 25
$3.0B
$3.0B
Q4 24
$2.9B
$3.0B
Q3 24
$2.8B
$3.2B
Q2 24
$2.7B
$3.2B
Q1 24
$2.6B
$3.3B
Total Assets
MHO
MHO
QDEL
QDEL
Q4 25
$4.8B
Q3 25
$4.8B
$5.7B
Q2 25
$4.7B
$6.4B
Q1 25
$4.6B
$6.5B
Q4 24
$4.5B
$6.4B
Q3 24
$4.5B
$6.8B
Q2 24
$4.3B
$6.7B
Q1 24
$4.2B
$6.7B
Debt / Equity
MHO
MHO
QDEL
QDEL
Q4 25
Q3 25
1.23×
Q2 25
0.74×
Q1 25
0.70×
Q4 24
0.72×
Q3 24
0.68×
Q2 24
0.70×
Q1 24
0.68×

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
QDEL
QDEL
Operating Cash FlowLast quarter
$-8.7M
$-45.5M
Free Cash FlowOCF − Capex
$-13.0M
$-94.7M
FCF MarginFCF / Revenue
-1.1%
-13.5%
Capex IntensityCapex / Revenue
0.4%
7.0%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$127.7M
$-153.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHO
MHO
QDEL
QDEL
Q4 25
$-8.7M
Q3 25
$43.4M
$-45.5M
Q2 25
$37.8M
$-46.8M
Q1 25
$64.9M
$65.6M
Q4 24
$104.4M
$63.7M
Q3 24
$-67.9M
$117.9M
Q2 24
$27.5M
$-97.9M
Q1 24
$115.8M
$-700.0K
Free Cash Flow
MHO
MHO
QDEL
QDEL
Q4 25
$-13.0M
Q3 25
$42.0M
$-94.7M
Q2 25
$35.1M
$-84.3M
Q1 25
$63.5M
$9.4M
Q4 24
$102.3M
$16.5M
Q3 24
$-68.5M
$71.4M
Q2 24
$22.0M
$-133.2M
Q1 24
$115.5M
$-66.8M
FCF Margin
MHO
MHO
QDEL
QDEL
Q4 25
-1.1%
Q3 25
3.7%
-13.5%
Q2 25
3.0%
-13.7%
Q1 25
6.5%
1.4%
Q4 24
8.5%
2.3%
Q3 24
-6.0%
9.8%
Q2 24
2.0%
-20.9%
Q1 24
11.0%
-9.4%
Capex Intensity
MHO
MHO
QDEL
QDEL
Q4 25
0.4%
Q3 25
0.1%
7.0%
Q2 25
0.2%
6.1%
Q1 25
0.1%
8.1%
Q4 24
0.2%
6.7%
Q3 24
0.1%
6.4%
Q2 24
0.5%
5.5%
Q1 24
0.0%
9.3%
Cash Conversion
MHO
MHO
QDEL
QDEL
Q4 25
-0.14×
Q3 25
0.41×
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%

QDEL
QDEL

Labs$373.8M53%
Point Of Care$164.6M24%
Immunohematology$142.0M20%
Donor Screening$14.7M2%
Molecular Diagnostics$4.8M1%
Collaborative Arrangement Transaction With Party To Collaborative Arrangement$2.1M0%

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