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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Sally Beauty Holdings, Inc. (SBH). 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 $943.2M, roughly 1.2× Sally Beauty Holdings, Inc.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 4.8%, a 0.7% gap on every dollar of revenue. On growth, Sally Beauty Holdings, Inc. posted the faster year-over-year revenue change (0.6% vs -4.8%). Sally Beauty Holdings, Inc. produced more free cash flow last quarter ($57.5M vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
MHO vs SBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $943.2M |
| Net Profit | $64.0M | $45.6M |
| Gross Margin | 17.4% | 51.2% |
| Operating Margin | 6.5% | 8.1% |
| Net Margin | 5.6% | 4.8% |
| Revenue YoY | -4.8% | 0.6% |
| Net Profit YoY | -52.1% | -25.3% |
| EPS (diluted) | $2.42 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $1.1B | $947.1M | ||
| Q2 25 | $1.2B | $933.3M | ||
| Q1 25 | $976.1M | $883.1M | ||
| Q4 24 | $1.2B | $937.9M | ||
| Q3 24 | $1.1B | $935.0M | ||
| Q2 24 | $1.1B | $942.3M | ||
| Q1 24 | $1.0B | $908.4M |
| Q4 25 | $64.0M | $45.6M | ||
| Q3 25 | $106.5M | $49.9M | ||
| Q2 25 | $121.2M | $45.7M | ||
| Q1 25 | $111.2M | $39.2M | ||
| Q4 24 | $133.5M | $61.0M | ||
| Q3 24 | $145.4M | $48.1M | ||
| Q2 24 | $146.7M | $37.7M | ||
| Q1 24 | $138.1M | $29.2M |
| Q4 25 | 17.4% | 51.2% | ||
| Q3 25 | 24.5% | 52.2% | ||
| Q2 25 | 24.7% | 51.5% | ||
| Q1 25 | 25.9% | 52.0% | ||
| Q4 24 | 24.6% | 50.8% | ||
| Q3 24 | 27.1% | 51.2% | ||
| Q2 24 | 27.9% | 51.0% | ||
| Q1 24 | 27.1% | 51.0% |
| Q4 25 | 6.5% | 8.1% | ||
| Q3 25 | 12.0% | 8.4% | ||
| Q2 25 | 13.4% | 8.4% | ||
| Q1 25 | 14.4% | 7.9% | ||
| Q4 24 | 13.6% | 10.7% | ||
| Q3 24 | 15.9% | 8.8% | ||
| Q2 24 | 16.8% | 7.6% | ||
| Q1 24 | 16.6% | 6.6% |
| Q4 25 | 5.6% | 4.8% | ||
| Q3 25 | 9.4% | 5.3% | ||
| Q2 25 | 10.4% | 4.9% | ||
| Q1 25 | 11.4% | 4.4% | ||
| Q4 24 | 11.1% | 6.5% | ||
| Q3 24 | 12.7% | 5.1% | ||
| Q2 24 | 13.2% | 4.0% | ||
| Q1 24 | 13.2% | 3.2% |
| Q4 25 | $2.42 | $0.45 | ||
| Q3 25 | $3.92 | $0.49 | ||
| Q2 25 | $4.42 | $0.44 | ||
| Q1 25 | $3.98 | $0.38 | ||
| Q4 24 | $4.71 | $0.58 | ||
| Q3 24 | $5.10 | $0.45 | ||
| Q2 24 | $5.12 | $0.36 | ||
| Q1 24 | $4.78 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.2M |
| Total DebtLower is stronger | — | $842.5M |
| Stockholders' EquityBook value | $3.2B | $823.6M |
| Total Assets | $4.8B | $2.9B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $157.2M | ||
| Q3 25 | — | $149.2M | ||
| Q2 25 | — | $112.8M | ||
| Q1 25 | — | $92.2M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $108.0M | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | — | $97.2M |
| Q4 25 | — | $842.5M | ||
| Q3 25 | — | $862.0M | ||
| Q2 25 | — | $882.4M | ||
| Q1 25 | — | $902.8M | ||
| Q4 24 | — | $938.1M | ||
| Q3 24 | — | $978.3M | ||
| Q2 24 | — | $978.9M | ||
| Q1 24 | — | $978.4M |
| Q4 25 | $3.2B | $823.6M | ||
| Q3 25 | $3.1B | $794.2M | ||
| Q2 25 | $3.1B | $762.9M | ||
| Q1 25 | $3.0B | $699.8M | ||
| Q4 24 | $2.9B | $656.5M | ||
| Q3 24 | $2.8B | $628.5M | ||
| Q2 24 | $2.7B | $577.7M | ||
| Q1 24 | $2.6B | $550.9M |
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.8B | $2.9B | ||
| Q2 25 | $4.7B | $2.7B | ||
| Q1 25 | $4.6B | $2.7B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | $4.5B | $2.8B | ||
| Q2 24 | $4.3B | $2.7B | ||
| Q1 24 | $4.2B | $2.7B |
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× | ||
| Q1 24 | — | 1.78× |
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 | $93.2M |
| Free Cash FlowOCF − Capex | $-13.0M | $57.5M |
| FCF MarginFCF / Revenue | -1.1% | 6.1% |
| Capex IntensityCapex / Revenue | 0.4% | 3.8% |
| Cash ConversionOCF / Net Profit | -0.14× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $93.2M | ||
| Q3 25 | $43.4M | $120.9M | ||
| Q2 25 | $37.8M | $69.4M | ||
| Q1 25 | $64.9M | $51.1M | ||
| Q4 24 | $104.4M | $33.5M | ||
| Q3 24 | $-67.9M | $110.7M | ||
| Q2 24 | $27.5M | $47.9M | ||
| Q1 24 | $115.8M | $36.9M |
| Q4 25 | $-13.0M | $57.5M | ||
| Q3 25 | $42.0M | $78.0M | ||
| Q2 25 | $35.1M | $49.1M | ||
| Q1 25 | $63.5M | $32.2M | ||
| Q4 24 | $102.3M | $13.4M | ||
| Q3 24 | $-68.5M | $73.3M | ||
| Q2 24 | $22.0M | $28.7M | ||
| Q1 24 | $115.5M | $22.8M |
| Q4 25 | -1.1% | 6.1% | ||
| Q3 25 | 3.7% | 8.2% | ||
| Q2 25 | 3.0% | 5.3% | ||
| Q1 25 | 6.5% | 3.6% | ||
| Q4 24 | 8.5% | 1.4% | ||
| Q3 24 | -6.0% | 7.8% | ||
| Q2 24 | 2.0% | 3.1% | ||
| Q1 24 | 11.0% | 2.5% |
| Q4 25 | 0.4% | 3.8% | ||
| Q3 25 | 0.1% | 4.5% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.1% | 2.1% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.1% | 4.0% | ||
| Q2 24 | 0.5% | 2.0% | ||
| Q1 24 | 0.0% | 1.6% |
| Q4 25 | -0.14× | 2.05× | ||
| Q3 25 | 0.41× | 2.42× | ||
| Q2 25 | 0.31× | 1.52× | ||
| Q1 25 | 0.58× | 1.30× | ||
| Q4 24 | 0.78× | 0.55× | ||
| Q3 24 | -0.47× | 2.30× | ||
| Q2 24 | 0.19× | 1.27× | ||
| Q1 24 | 0.84× | 1.26× |
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% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
