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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and QXO, Inc. (QXO). Click either name above to swap in a different company.
QXO, Inc. is the larger business by last-quarter revenue ($2.2B vs $1.1B, roughly 1.9× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs -4.1%, a 9.7% gap on every dollar of revenue. On growth, QXO, Inc. posted the faster year-over-year revenue change (14782.6% vs -4.8%).
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.
Brad Jacobs is an American businessman who is chairman and CEO of QXO, Inc.
MHO vs QXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.2B |
| Net Profit | $64.0M | $-90.3M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | -3.2% |
| Net Margin | 5.6% | -4.1% |
| Revenue YoY | -4.8% | 14782.6% |
| Net Profit YoY | -52.1% | -899.4% |
| EPS (diluted) | $2.42 | $-0.21 |
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 | $2.2B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $976.1M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $64.0M | $-90.3M | ||
| Q3 25 | $106.5M | $-139.4M | ||
| Q2 25 | $121.2M | $-58.5M | ||
| Q1 25 | $111.2M | — | ||
| Q4 24 | $133.5M | — | ||
| Q3 24 | $145.4M | — | ||
| Q2 24 | $146.7M | — | ||
| Q1 24 | $138.1M | — |
| Q4 25 | 17.4% | — | ||
| Q3 25 | 24.5% | 23.3% | ||
| Q2 25 | 24.7% | 21.1% | ||
| Q1 25 | 25.9% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.1% | — |
| Q4 25 | 6.5% | -3.2% | ||
| Q3 25 | 12.0% | 0.9% | ||
| Q2 25 | 13.4% | -8.5% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 16.6% | — |
| Q4 25 | 5.6% | -4.1% | ||
| Q3 25 | 9.4% | -5.1% | ||
| Q2 25 | 10.4% | -3.1% | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 13.2% | — |
| Q4 25 | $2.42 | $-0.21 | ||
| Q3 25 | $3.92 | $-0.24 | ||
| Q2 25 | $4.42 | $-0.15 | ||
| Q1 25 | $3.98 | — | ||
| Q4 24 | $4.71 | — | ||
| Q3 24 | $5.10 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.4B |
| Total DebtLower is stronger | — | $3.1B |
| Stockholders' EquityBook value | $3.2B | $9.7B |
| Total Assets | $4.8B | $15.9B |
| Debt / EquityLower = less leverage | — | 0.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.2B | $9.7B | ||
| Q3 25 | $3.1B | $9.8B | ||
| Q2 25 | $3.1B | $9.9B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.6B | — |
| Q4 25 | $4.8B | $15.9B | ||
| Q3 25 | $4.8B | $16.6B | ||
| Q2 25 | $4.7B | $17.1B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | — |
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.31× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-8.7M | $186.6M |
| Free Cash FlowOCF − Capex | $-13.0M | — |
| FCF MarginFCF / Revenue | -1.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | -0.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $186.6M | ||
| Q3 25 | $43.4M | $212.5M | ||
| Q2 25 | $37.8M | $-174.2M | ||
| Q1 25 | $64.9M | — | ||
| Q4 24 | $104.4M | — | ||
| Q3 24 | $-67.9M | — | ||
| Q2 24 | $27.5M | — | ||
| Q1 24 | $115.8M | — |
| Q4 25 | $-13.0M | — | ||
| Q3 25 | $42.0M | $182.4M | ||
| 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% | 6.7% | ||
| 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% | 1.1% | ||
| 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× | — | ||
| 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
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
QXO
Segment breakdown not available.
