vs
Side-by-side financial comparison of M/I HOMES, INC. (MHO) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). 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 $891.0M, roughly 1.3× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 5.6%, a 23.9% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -4.8%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $-13.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
MHO vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $891.0M |
| Net Profit | $64.0M | $263.0M |
| Gross Margin | 17.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.6% | 29.5% |
| Revenue YoY | -4.8% | 8.7% |
| Net Profit YoY | -52.1% | 21.8% |
| EPS (diluted) | $2.42 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $1.1B | $861.0M | ||
| Q2 25 | $1.2B | $838.0M | ||
| Q1 25 | $976.1M | $795.0M | ||
| Q4 24 | $1.2B | $820.0M | ||
| Q3 24 | $1.1B | $792.0M | ||
| Q2 24 | $1.1B | $777.0M | ||
| Q1 24 | $1.0B | $742.0M |
| Q4 25 | $64.0M | $263.0M | ||
| Q3 25 | $106.5M | $222.0M | ||
| Q2 25 | $121.2M | $244.0M | ||
| Q1 25 | $111.2M | $170.0M | ||
| Q4 24 | $133.5M | $216.0M | ||
| Q3 24 | $145.4M | $214.0M | ||
| Q2 24 | $146.7M | $201.0M | ||
| Q1 24 | $138.1M | $153.0M |
| 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% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 16.6% | — |
| Q4 25 | 5.6% | 29.5% | ||
| Q3 25 | 9.4% | 25.8% | ||
| Q2 25 | 10.4% | 29.1% | ||
| Q1 25 | 11.4% | 21.4% | ||
| Q4 24 | 11.1% | 26.3% | ||
| Q3 24 | 12.7% | 27.0% | ||
| Q2 24 | 13.2% | 25.9% | ||
| Q1 24 | 13.2% | 20.6% |
| Q4 25 | $2.42 | $1.77 | ||
| Q3 25 | $3.92 | $1.48 | ||
| Q2 25 | $4.42 | $1.63 | ||
| Q1 25 | $3.98 | $1.13 | ||
| Q4 24 | $4.71 | $1.34 | ||
| Q3 24 | $5.10 | $1.37 | ||
| Q2 24 | $5.12 | $1.28 | ||
| Q1 24 | $4.78 | $0.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $3.2B | $7.2B |
| Total Assets | $4.8B | $89.0B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M | ||
| Q1 24 | — | $544.0M |
| Q4 25 | $3.2B | $7.2B | ||
| Q3 25 | $3.1B | $6.9B | ||
| Q2 25 | $3.1B | $6.6B | ||
| Q1 25 | $3.0B | $6.3B | ||
| Q4 24 | $2.9B | $6.1B | ||
| Q3 24 | $2.8B | $6.4B | ||
| Q2 24 | $2.7B | $6.0B | ||
| Q1 24 | $2.6B | $5.8B |
| Q4 25 | $4.8B | $89.0B | ||
| Q3 25 | $4.8B | $88.5B | ||
| Q2 25 | $4.7B | $88.9B | ||
| Q1 25 | $4.6B | $88.0B | ||
| Q4 24 | $4.5B | $88.8B | ||
| Q3 24 | $4.5B | $87.0B | ||
| Q2 24 | $4.3B | $87.6B | ||
| Q1 24 | $4.2B | $87.1B |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $-13.0M | $952.0M |
| FCF MarginFCF / Revenue | -1.1% | 106.8% |
| Capex IntensityCapex / Revenue | 0.4% | 13.6% |
| Cash ConversionOCF / Net Profit | -0.14× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $1.1B | ||
| Q3 25 | $43.4M | $438.0M | ||
| Q2 25 | $37.8M | $-62.0M | ||
| Q1 25 | $64.9M | $179.0M | ||
| Q4 24 | $104.4M | $1.1B | ||
| Q3 24 | $-67.9M | $119.0M | ||
| Q2 24 | $27.5M | $251.0M | ||
| Q1 24 | $115.8M | $261.0M |
| Q4 25 | $-13.0M | $952.0M | ||
| Q3 25 | $42.0M | $413.0M | ||
| Q2 25 | $35.1M | $-93.0M | ||
| Q1 25 | $63.5M | $152.0M | ||
| Q4 24 | $102.3M | $1.1B | ||
| Q3 24 | $-68.5M | $97.0M | ||
| Q2 24 | $22.0M | $234.0M | ||
| Q1 24 | $115.5M | $231.0M |
| Q4 25 | -1.1% | 106.8% | ||
| Q3 25 | 3.7% | 48.0% | ||
| Q2 25 | 3.0% | -11.1% | ||
| Q1 25 | 6.5% | 19.1% | ||
| Q4 24 | 8.5% | 128.2% | ||
| Q3 24 | -6.0% | 12.2% | ||
| Q2 24 | 2.0% | 30.1% | ||
| Q1 24 | 11.0% | 31.1% |
| Q4 25 | 0.4% | 13.6% | ||
| Q3 25 | 0.1% | 2.9% | ||
| Q2 25 | 0.2% | 3.7% | ||
| Q1 25 | 0.1% | 3.4% | ||
| Q4 24 | 0.2% | 11.8% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.5% | 2.2% | ||
| Q1 24 | 0.0% | 4.0% |
| Q4 25 | -0.14× | 4.08× | ||
| Q3 25 | 0.41× | 1.97× | ||
| Q2 25 | 0.31× | -0.25× | ||
| Q1 25 | 0.58× | 1.05× | ||
| Q4 24 | 0.78× | 5.31× | ||
| Q3 24 | -0.47× | 0.56× | ||
| Q2 24 | 0.19× | 1.25× | ||
| Q1 24 | 0.84× | 1.71× |
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% |
ZION
Segment breakdown not available.
