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

Williams-Sonoma, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.6× M/I HOMES, INC.). Williams-Sonoma, Inc. runs the higher net margin — 12.8% vs 5.6%, a 7.3% gap on every dollar of revenue. On growth, Williams-Sonoma, Inc. posted the faster year-over-year revenue change (4.6% vs -4.8%). Williams-Sonoma, Inc. produced more free cash flow last quarter ($248.1M vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs -9.1%).

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.

Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.

MHO vs WSM — Head-to-Head

Bigger by revenue
WSM
WSM
1.6× larger
WSM
$1.9B
$1.1B
MHO
Growing faster (revenue YoY)
WSM
WSM
+9.4% gap
WSM
4.6%
-4.8%
MHO
Higher net margin
WSM
WSM
7.3% more per $
WSM
12.8%
5.6%
MHO
More free cash flow
WSM
WSM
$261.0M more FCF
WSM
$248.1M
$-13.0M
MHO
Faster 2-yr revenue CAGR
MHO
MHO
Annualised
MHO
4.7%
-9.1%
WSM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MHO
MHO
WSM
WSM
Revenue
$1.1B
$1.9B
Net Profit
$64.0M
$241.6M
Gross Margin
17.4%
46.1%
Operating Margin
6.5%
17.0%
Net Margin
5.6%
12.8%
Revenue YoY
-4.8%
4.6%
Net Profit YoY
-52.1%
-3.0%
EPS (diluted)
$2.42
$1.96

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
WSM
WSM
Q4 25
$1.1B
$1.9B
Q3 25
$1.1B
$1.8B
Q2 25
$1.2B
$1.7B
Q1 25
$976.1M
$2.5B
Q4 24
$1.2B
$1.8B
Q3 24
$1.1B
$1.8B
Q2 24
$1.1B
$1.7B
Q1 24
$1.0B
$2.3B
Net Profit
MHO
MHO
WSM
WSM
Q4 25
$64.0M
$241.6M
Q3 25
$106.5M
$247.6M
Q2 25
$121.2M
$231.3M
Q1 25
$111.2M
$384.9M
Q4 24
$133.5M
$249.0M
Q3 24
$145.4M
$225.7M
Q2 24
$146.7M
$265.7M
Q1 24
$138.1M
$354.4M
Gross Margin
MHO
MHO
WSM
WSM
Q4 25
17.4%
46.1%
Q3 25
24.5%
47.1%
Q2 25
24.7%
44.3%
Q1 25
25.9%
45.2%
Q4 24
24.6%
46.7%
Q3 24
27.1%
46.2%
Q2 24
27.9%
48.3%
Q1 24
27.1%
46.0%
Operating Margin
MHO
MHO
WSM
WSM
Q4 25
6.5%
17.0%
Q3 25
12.0%
17.9%
Q2 25
13.4%
16.8%
Q1 25
14.4%
20.1%
Q4 24
13.6%
17.8%
Q3 24
15.9%
16.2%
Q2 24
16.8%
19.5%
Q1 24
16.6%
20.1%
Net Margin
MHO
MHO
WSM
WSM
Q4 25
5.6%
12.8%
Q3 25
9.4%
13.5%
Q2 25
10.4%
13.4%
Q1 25
11.4%
15.6%
Q4 24
11.1%
13.8%
Q3 24
12.7%
12.6%
Q2 24
13.2%
16.0%
Q1 24
13.2%
15.6%
EPS (diluted)
MHO
MHO
WSM
WSM
Q4 25
$2.42
$1.96
Q3 25
$3.92
$2.00
Q2 25
$4.42
$1.85
Q1 25
$3.98
$1.02
Q4 24
$4.71
$1.96
Q3 24
$5.10
$1.74
Q2 24
$5.12
$4.07
Q1 24
$4.78
$5.42

Balance Sheet & Financial Strength

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

Metric
MHO
MHO
WSM
WSM
Cash + ST InvestmentsLiquidity on hand
$884.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
$2.1B
Total Assets
$4.8B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHO
MHO
WSM
WSM
Q4 25
$884.7M
Q3 25
$985.8M
Q2 25
$1.0B
Q1 25
$1.2B
Q4 24
$826.8M
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Stockholders' Equity
MHO
MHO
WSM
WSM
Q4 25
$3.2B
$2.1B
Q3 25
$3.1B
$2.1B
Q2 25
$3.1B
$2.2B
Q1 25
$3.0B
$2.1B
Q4 24
$2.9B
$1.9B
Q3 24
$2.8B
$2.3B
Q2 24
$2.7B
$2.2B
Q1 24
$2.6B
$2.1B
Total Assets
MHO
MHO
WSM
WSM
Q4 25
$4.8B
$5.3B
Q3 25
$4.8B
$5.2B
Q2 25
$4.7B
$5.2B
Q1 25
$4.6B
$5.3B
Q4 24
$4.5B
$5.0B
Q3 24
$4.5B
$5.2B
Q2 24
$4.3B
$5.2B
Q1 24
$4.2B
$5.3B

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
WSM
WSM
Operating Cash FlowLast quarter
$-8.7M
$316.3M
Free Cash FlowOCF − Capex
$-13.0M
$248.1M
FCF MarginFCF / Revenue
-1.1%
13.2%
Capex IntensityCapex / Revenue
0.4%
3.6%
Cash ConversionOCF / Net Profit
-0.14×
1.31×
TTM Free Cash FlowTrailing 4 quarters
$127.7M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHO
MHO
WSM
WSM
Q4 25
$-8.7M
$316.3M
Q3 25
$43.4M
$282.7M
Q2 25
$37.8M
$118.9M
Q1 25
$64.9M
$633.5M
Q4 24
$104.4M
$253.5M
Q3 24
$-67.9M
$246.5M
Q2 24
$27.5M
$226.8M
Q1 24
$115.8M
$674.9M
Free Cash Flow
MHO
MHO
WSM
WSM
Q4 25
$-13.0M
$248.1M
Q3 25
$42.0M
$230.7M
Q2 25
$35.1M
$60.7M
Q1 25
$63.5M
$566.3M
Q4 24
$102.3M
$170.1M
Q3 24
$-68.5M
$215.1M
Q2 24
$22.0M
$187.3M
Q1 24
$115.5M
$621.2M
FCF Margin
MHO
MHO
WSM
WSM
Q4 25
-1.1%
13.2%
Q3 25
3.7%
12.6%
Q2 25
3.0%
3.5%
Q1 25
6.5%
23.0%
Q4 24
8.5%
9.4%
Q3 24
-6.0%
12.0%
Q2 24
2.0%
11.3%
Q1 24
11.0%
27.3%
Capex Intensity
MHO
MHO
WSM
WSM
Q4 25
0.4%
3.6%
Q3 25
0.1%
2.8%
Q2 25
0.2%
3.4%
Q1 25
0.1%
2.7%
Q4 24
0.2%
4.6%
Q3 24
0.1%
1.8%
Q2 24
0.5%
2.4%
Q1 24
0.0%
2.4%
Cash Conversion
MHO
MHO
WSM
WSM
Q4 25
-0.14×
1.31×
Q3 25
0.41×
1.14×
Q2 25
0.31×
0.51×
Q1 25
0.58×
1.65×
Q4 24
0.78×
1.02×
Q3 24
-0.47×
1.09×
Q2 24
0.19×
0.85×
Q1 24
0.84×
1.90×

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%

WSM
WSM

Segment breakdown not available.

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