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

Snap Inc is the larger business by last-quarter revenue ($1.7B vs $1.1B, roughly 1.5× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 2.6%, a 2.9% gap on every dollar of revenue. On growth, Snap Inc posted the faster year-over-year revenue change (10.2% vs -4.8%). Snap Inc produced more free cash flow last quarter ($205.6M vs $-13.0M). Over the past eight quarters, Snap Inc's revenue compounded faster (19.9% CAGR vs 4.7%).

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.

Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown, based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, Bitmoji, and SnapBoost. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, to include the Spectacles product under the company name.

MHO vs SNAP — Head-to-Head

Bigger by revenue
SNAP
SNAP
1.5× larger
SNAP
$1.7B
$1.1B
MHO
Growing faster (revenue YoY)
SNAP
SNAP
+15.0% gap
SNAP
10.2%
-4.8%
MHO
Higher net margin
MHO
MHO
2.9% more per $
MHO
5.6%
2.6%
SNAP
More free cash flow
SNAP
SNAP
$218.5M more FCF
SNAP
$205.6M
$-13.0M
MHO
Faster 2-yr revenue CAGR
SNAP
SNAP
Annualised
SNAP
19.9%
4.7%
MHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MHO
MHO
SNAP
SNAP
Revenue
$1.1B
$1.7B
Net Profit
$64.0M
$45.2M
Gross Margin
17.4%
59.1%
Operating Margin
6.5%
2.9%
Net Margin
5.6%
2.6%
Revenue YoY
-4.8%
10.2%
Net Profit YoY
-52.1%
396.7%
EPS (diluted)
$2.42
$0.03

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
SNAP
SNAP
Q4 25
$1.1B
$1.7B
Q3 25
$1.1B
$1.5B
Q2 25
$1.2B
$1.3B
Q1 25
$976.1M
$1.4B
Q4 24
$1.2B
$1.6B
Q3 24
$1.1B
$1.4B
Q2 24
$1.1B
$1.2B
Q1 24
$1.0B
$1.2B
Net Profit
MHO
MHO
SNAP
SNAP
Q4 25
$64.0M
$45.2M
Q3 25
$106.5M
$-103.5M
Q2 25
$121.2M
$-262.6M
Q1 25
$111.2M
$-139.6M
Q4 24
$133.5M
$9.1M
Q3 24
$145.4M
$-153.2M
Q2 24
$146.7M
$-248.6M
Q1 24
$138.1M
$-305.1M
Gross Margin
MHO
MHO
SNAP
SNAP
Q4 25
17.4%
59.1%
Q3 25
24.5%
55.3%
Q2 25
24.7%
51.4%
Q1 25
25.9%
53.1%
Q4 24
24.6%
56.9%
Q3 24
27.1%
53.5%
Q2 24
27.9%
52.4%
Q1 24
27.1%
51.9%
Operating Margin
MHO
MHO
SNAP
SNAP
Q4 25
6.5%
2.9%
Q3 25
12.0%
-8.5%
Q2 25
13.4%
-19.3%
Q1 25
14.4%
-14.2%
Q4 24
13.6%
-1.7%
Q3 24
15.9%
-12.6%
Q2 24
16.8%
-20.5%
Q1 24
16.6%
-27.9%
Net Margin
MHO
MHO
SNAP
SNAP
Q4 25
5.6%
2.6%
Q3 25
9.4%
-6.9%
Q2 25
10.4%
-19.5%
Q1 25
11.4%
-10.2%
Q4 24
11.1%
0.6%
Q3 24
12.7%
-11.2%
Q2 24
13.2%
-20.1%
Q1 24
13.2%
-25.5%
EPS (diluted)
MHO
MHO
SNAP
SNAP
Q4 25
$2.42
$0.03
Q3 25
$3.92
$-0.06
Q2 25
$4.42
$-0.16
Q1 25
$3.98
$-0.08
Q4 24
$4.71
$0.01
Q3 24
$5.10
$-0.09
Q2 24
$5.12
$-0.15
Q1 24
$4.78
$-0.19

Balance Sheet & Financial Strength

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

Metric
MHO
MHO
SNAP
SNAP
Cash + ST InvestmentsLiquidity on hand
$2.9B
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$3.2B
$2.3B
Total Assets
$4.8B
$7.7B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHO
MHO
SNAP
SNAP
Q4 25
$2.9B
Q3 25
$3.0B
Q2 25
$2.9B
Q1 25
$3.2B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$3.1B
Q1 24
$2.9B
Total Debt
MHO
MHO
SNAP
SNAP
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.6B
Q2 24
$3.6B
Q1 24
$3.3B
Stockholders' Equity
MHO
MHO
SNAP
SNAP
Q4 25
$3.2B
$2.3B
Q3 25
$3.1B
$2.2B
Q2 25
$3.1B
$2.1B
Q1 25
$3.0B
$2.3B
Q4 24
$2.9B
$2.5B
Q3 24
$2.8B
$2.2B
Q2 24
$2.7B
$2.1B
Q1 24
$2.6B
$2.1B
Total Assets
MHO
MHO
SNAP
SNAP
Q4 25
$4.8B
$7.7B
Q3 25
$4.8B
$7.6B
Q2 25
$4.7B
$7.4B
Q1 25
$4.6B
$7.6B
Q4 24
$4.5B
$7.9B
Q3 24
$4.5B
$7.6B
Q2 24
$4.3B
$7.4B
Q1 24
$4.2B
$7.2B
Debt / Equity
MHO
MHO
SNAP
SNAP
Q4 25
1.55×
Q3 25
1.59×
Q2 25
1.73×
Q1 25
1.56×
Q4 24
1.49×
Q3 24
1.65×
Q2 24
1.76×
Q1 24
1.55×

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
SNAP
SNAP
Operating Cash FlowLast quarter
$-8.7M
$269.6M
Free Cash FlowOCF − Capex
$-13.0M
$205.6M
FCF MarginFCF / Revenue
-1.1%
12.0%
Capex IntensityCapex / Revenue
0.4%
3.7%
Cash ConversionOCF / Net Profit
-0.14×
5.96×
TTM Free Cash FlowTrailing 4 quarters
$127.7M
$437.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHO
MHO
SNAP
SNAP
Q4 25
$-8.7M
$269.6M
Q3 25
$43.4M
$146.5M
Q2 25
$37.8M
$88.5M
Q1 25
$64.9M
$151.6M
Q4 24
$104.4M
$230.6M
Q3 24
$-67.9M
$115.9M
Q2 24
$27.5M
$-21.4M
Q1 24
$115.8M
$88.4M
Free Cash Flow
MHO
MHO
SNAP
SNAP
Q4 25
$-13.0M
$205.6M
Q3 25
$42.0M
$93.4M
Q2 25
$35.1M
$23.8M
Q1 25
$63.5M
$114.4M
Q4 24
$102.3M
$182.4M
Q3 24
$-68.5M
$71.8M
Q2 24
$22.0M
$-73.4M
Q1 24
$115.5M
$37.9M
FCF Margin
MHO
MHO
SNAP
SNAP
Q4 25
-1.1%
12.0%
Q3 25
3.7%
6.2%
Q2 25
3.0%
1.8%
Q1 25
6.5%
8.4%
Q4 24
8.5%
11.7%
Q3 24
-6.0%
5.2%
Q2 24
2.0%
-5.9%
Q1 24
11.0%
3.2%
Capex Intensity
MHO
MHO
SNAP
SNAP
Q4 25
0.4%
3.7%
Q3 25
0.1%
3.5%
Q2 25
0.2%
4.8%
Q1 25
0.1%
2.7%
Q4 24
0.2%
3.1%
Q3 24
0.1%
3.2%
Q2 24
0.5%
4.2%
Q1 24
0.0%
4.2%
Cash Conversion
MHO
MHO
SNAP
SNAP
Q4 25
-0.14×
5.96×
Q3 25
0.41×
Q2 25
0.31×
Q1 25
0.58×
Q4 24
0.78×
25.34×
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%

SNAP
SNAP

Advertising Revenue$1.5B86%
Other Revenue$231.9M14%

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