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Side-by-side financial comparison of M/I HOMES, INC. (MHO) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.8× M/I HOMES, INC.). UGI CORP runs the higher net margin — 14.4% vs 5.6%, a 8.8% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs -4.8%). M/I HOMES, INC. produced more free cash flow last quarter ($-13.0M vs $-155.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
MHO vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.1B |
| Net Profit | $64.0M | $297.0M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | 22.0% |
| Net Margin | 5.6% | 14.4% |
| Revenue YoY | -4.8% | 3.9% |
| Net Profit YoY | -52.1% | -20.8% |
| EPS (diluted) | $2.42 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $976.1M | $2.6B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $2.4B |
| Q4 25 | $64.0M | $297.0M | ||
| Q3 25 | $106.5M | $-13.0M | ||
| Q2 25 | $121.2M | $-163.0M | ||
| Q1 25 | $111.2M | $479.0M | ||
| Q4 24 | $133.5M | $375.0M | ||
| Q3 24 | $145.4M | $-273.0M | ||
| Q2 24 | $146.7M | $-48.0M | ||
| Q1 24 | $138.1M | $496.0M |
| 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% | — |
| Q4 25 | 6.5% | 22.0% | ||
| Q3 25 | 12.0% | 1.1% | ||
| Q2 25 | 13.4% | -6.8% | ||
| Q1 25 | 14.4% | 26.6% | ||
| Q4 24 | 13.6% | 24.5% | ||
| Q3 24 | 15.9% | -20.4% | ||
| Q2 24 | 16.8% | 5.0% | ||
| Q1 24 | 16.6% | 29.7% |
| Q4 25 | 5.6% | 14.4% | ||
| Q3 25 | 9.4% | -1.1% | ||
| Q2 25 | 10.4% | -12.0% | ||
| Q1 25 | 11.4% | 18.2% | ||
| Q4 24 | 11.1% | 18.9% | ||
| Q3 24 | 12.7% | -22.6% | ||
| Q2 24 | 13.2% | -3.6% | ||
| Q1 24 | 13.2% | 20.6% |
| Q4 25 | $2.42 | $1.34 | ||
| Q3 25 | $3.92 | $-0.08 | ||
| Q2 25 | $4.42 | $-0.76 | ||
| Q1 25 | $3.98 | $2.19 | ||
| Q4 24 | $4.71 | $1.74 | ||
| Q3 24 | $5.10 | $-1.26 | ||
| Q2 24 | $5.12 | $-0.23 | ||
| Q1 24 | $4.78 | $2.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $251.0M |
| Total DebtLower is stronger | — | $6.0B |
| Stockholders' EquityBook value | $3.2B | $5.0B |
| Total Assets | $4.8B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $251.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | — | $350.0M | ||
| Q1 25 | — | $426.0M | ||
| Q4 24 | — | $240.0M | ||
| Q3 24 | — | $213.0M | ||
| Q2 24 | — | $183.0M | ||
| Q1 24 | — | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $3.2B | $5.0B | ||
| Q3 25 | $3.1B | $4.8B | ||
| Q2 25 | $3.1B | $4.9B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $2.9B | $4.6B | ||
| Q3 24 | $2.8B | $4.3B | ||
| Q2 24 | $2.7B | $4.7B | ||
| Q1 24 | $2.6B | $4.8B |
| Q4 25 | $4.8B | $15.8B | ||
| Q3 25 | $4.8B | $15.5B | ||
| Q2 25 | $4.7B | $15.4B | ||
| Q1 25 | $4.6B | $15.7B | ||
| Q4 24 | $4.5B | $15.4B | ||
| Q3 24 | $4.5B | $15.1B | ||
| Q2 24 | $4.3B | $15.1B | ||
| Q1 24 | $4.2B | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $-13.0M | $-155.0M |
| FCF MarginFCF / Revenue | -1.1% | -7.5% |
| Capex IntensityCapex / Revenue | 0.4% | 10.7% |
| Cash ConversionOCF / Net Profit | -0.14× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $66.0M | ||
| Q3 25 | $43.4M | $90.0M | ||
| Q2 25 | $37.8M | $289.0M | ||
| Q1 25 | $64.9M | $684.0M | ||
| Q4 24 | $104.4M | $164.0M | ||
| Q3 24 | $-67.9M | $151.0M | ||
| Q2 24 | $27.5M | $390.0M | ||
| Q1 24 | $115.8M | $522.0M |
| Q4 25 | $-13.0M | $-155.0M | ||
| Q3 25 | $42.0M | $-168.0M | ||
| Q2 25 | $35.1M | $67.0M | ||
| Q1 25 | $63.5M | $538.0M | ||
| Q4 24 | $102.3M | $-47.0M | ||
| Q3 24 | $-68.5M | $-115.0M | ||
| Q2 24 | $22.0M | $185.0M | ||
| Q1 24 | $115.5M | $353.0M |
| Q4 25 | -1.1% | -7.5% | ||
| Q3 25 | 3.7% | -14.4% | ||
| Q2 25 | 3.0% | 4.9% | ||
| Q1 25 | 6.5% | 20.4% | ||
| Q4 24 | 8.5% | -2.4% | ||
| Q3 24 | -6.0% | -9.5% | ||
| Q2 24 | 2.0% | 13.7% | ||
| Q1 24 | 11.0% | 14.6% |
| Q4 25 | 0.4% | 10.7% | ||
| Q3 25 | 0.1% | 22.1% | ||
| Q2 25 | 0.2% | 16.3% | ||
| Q1 25 | 0.1% | 5.5% | ||
| Q4 24 | 0.2% | 10.6% | ||
| Q3 24 | 0.1% | 22.0% | ||
| Q2 24 | 0.5% | 15.2% | ||
| Q1 24 | 0.0% | 7.0% |
| Q4 25 | -0.14× | 0.22× | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.58× | 1.43× | ||
| Q4 24 | 0.78× | 0.44× | ||
| Q3 24 | -0.47× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.84× | 1.05× |
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% |
UGI
Segment breakdown not available.
