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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Solventum (SOLV). Click either name above to swap in a different company.
Solventum is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.7× M/I HOMES, INC.). M/I HOMES, INC. runs the higher net margin — 5.6% vs 3.2%, a 2.4% gap on every dollar of revenue. On growth, Solventum posted the faster year-over-year revenue change (-3.7% vs -4.8%). Solventum produced more free cash flow last quarter ($32.0M vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs -0.4%).
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.
Solventum Corporation is an American health care company that was spun off from 3M on April 1, 2024.
MHO vs SOLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.0B |
| Net Profit | $64.0M | $63.0M |
| Gross Margin | 17.4% | 51.4% |
| Operating Margin | 6.5% | 6.3% |
| Net Margin | 5.6% | 3.2% |
| Revenue YoY | -4.8% | -3.7% |
| Net Profit YoY | -52.1% | 103.2% |
| EPS (diluted) | $2.42 | $0.37 |
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 | $2.0B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $976.1M | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.0B | $2.0B |
| Q4 25 | $64.0M | $63.0M | ||
| Q3 25 | $106.5M | $1.3B | ||
| Q2 25 | $121.2M | $90.0M | ||
| Q1 25 | $111.2M | $137.0M | ||
| Q4 24 | $133.5M | $31.0M | ||
| Q3 24 | $145.4M | $122.0M | ||
| Q2 24 | $146.7M | $89.0M | ||
| Q1 24 | $138.1M | $237.0M |
| Q4 25 | 17.4% | 51.4% | ||
| Q3 25 | 24.5% | 54.2% | ||
| Q2 25 | 24.7% | 54.4% | ||
| Q1 25 | 25.9% | 53.8% | ||
| Q4 24 | 24.6% | 53.9% | ||
| Q3 24 | 27.1% | 56.0% | ||
| Q2 24 | 27.9% | 54.6% | ||
| Q1 24 | 27.1% | 58.1% |
| Q4 25 | 6.5% | 6.3% | ||
| Q3 25 | 12.0% | 80.6% | ||
| Q2 25 | 13.4% | 9.9% | ||
| Q1 25 | 14.4% | 7.3% | ||
| Q4 24 | 13.6% | 6.6% | ||
| Q3 24 | 15.9% | 13.2% | ||
| Q2 24 | 16.8% | 11.7% | ||
| Q1 24 | 16.6% | 18.9% |
| Q4 25 | 5.6% | 3.2% | ||
| Q3 25 | 9.4% | 60.4% | ||
| Q2 25 | 10.4% | 4.2% | ||
| Q1 25 | 11.4% | 6.6% | ||
| Q4 24 | 11.1% | 1.5% | ||
| Q3 24 | 12.7% | 5.9% | ||
| Q2 24 | 13.2% | 4.3% | ||
| Q1 24 | 13.2% | 11.8% |
| Q4 25 | $2.42 | $0.37 | ||
| Q3 25 | $3.92 | $7.22 | ||
| Q2 25 | $4.42 | $0.51 | ||
| Q1 25 | $3.98 | $0.78 | ||
| Q4 24 | $4.71 | $0.18 | ||
| Q3 24 | $5.10 | $0.70 | ||
| Q2 24 | $5.12 | $0.51 | ||
| Q1 24 | $4.78 | $1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $878.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $3.2B | $5.0B |
| Total Assets | $4.8B | $14.3B |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $878.0M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $492.0M | ||
| Q1 25 | — | $534.0M | ||
| Q4 24 | — | $762.0M | ||
| Q3 24 | — | $772.0M | ||
| Q2 24 | — | $897.0M | ||
| Q1 24 | — | $996.0M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | — | $8.3B |
| Q4 25 | $3.2B | $5.0B | ||
| Q3 25 | $3.1B | $5.0B | ||
| Q2 25 | $3.1B | $3.6B | ||
| Q1 25 | $3.0B | $3.3B | ||
| Q4 24 | $2.9B | $3.0B | ||
| Q3 24 | $2.8B | $3.2B | ||
| Q2 24 | $2.7B | $2.9B | ||
| Q1 24 | $2.6B | $3.9B |
| Q4 25 | $4.8B | $14.3B | ||
| Q3 25 | $4.8B | $14.0B | ||
| Q2 25 | $4.7B | $15.1B | ||
| Q1 25 | $4.6B | $14.5B | ||
| Q4 24 | $4.5B | $14.5B | ||
| Q3 24 | $4.5B | $14.7B | ||
| Q2 24 | $4.3B | $14.6B | ||
| Q1 24 | $4.2B | $14.7B |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 2.16× |
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 | $95.0M |
| Free Cash FlowOCF − Capex | $-13.0M | $32.0M |
| FCF MarginFCF / Revenue | -1.1% | 1.6% |
| Capex IntensityCapex / Revenue | 0.4% | 3.2% |
| Cash ConversionOCF / Net Profit | -0.14× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $-10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $95.0M | ||
| Q3 25 | $43.4M | $76.0M | ||
| Q2 25 | $37.8M | $169.0M | ||
| Q1 25 | $64.9M | $29.0M | ||
| Q4 24 | $104.4M | $219.0M | ||
| Q3 24 | $-67.9M | $169.0M | ||
| Q2 24 | $27.5M | $355.0M | ||
| Q1 24 | $115.8M | $442.0M |
| Q4 25 | $-13.0M | $32.0M | ||
| Q3 25 | $42.0M | $-21.0M | ||
| Q2 25 | $35.1M | $59.0M | ||
| Q1 25 | $63.5M | $-80.0M | ||
| Q4 24 | $102.3M | $92.0M | ||
| Q3 24 | $-68.5M | $76.0M | ||
| Q2 24 | $22.0M | $297.0M | ||
| Q1 24 | $115.5M | $340.0M |
| Q4 25 | -1.1% | 1.6% | ||
| Q3 25 | 3.7% | -1.0% | ||
| Q2 25 | 3.0% | 2.7% | ||
| Q1 25 | 6.5% | -3.9% | ||
| Q4 24 | 8.5% | 4.4% | ||
| Q3 24 | -6.0% | 3.7% | ||
| Q2 24 | 2.0% | 14.3% | ||
| Q1 24 | 11.0% | 16.9% |
| Q4 25 | 0.4% | 3.2% | ||
| Q3 25 | 0.1% | 4.6% | ||
| Q2 25 | 0.2% | 5.1% | ||
| Q1 25 | 0.1% | 5.3% | ||
| Q4 24 | 0.2% | 6.1% | ||
| Q3 24 | 0.1% | 4.5% | ||
| Q2 24 | 0.5% | 2.8% | ||
| Q1 24 | 0.0% | 5.1% |
| Q4 25 | -0.14× | 1.51× | ||
| Q3 25 | 0.41× | 0.06× | ||
| Q2 25 | 0.31× | 1.88× | ||
| Q1 25 | 0.58× | 0.21× | ||
| Q4 24 | 0.78× | 7.06× | ||
| Q3 24 | -0.47× | 1.39× | ||
| Q2 24 | 0.19× | 3.99× | ||
| Q1 24 | 0.84× | 1.86× |
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% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
