vs
Side-by-side financial comparison of M/I HOMES, INC. (MHO) and Zscaler, Inc. (ZS). 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 $788.1M, roughly 1.5× Zscaler, Inc.). M/I HOMES, INC. runs the higher net margin — 5.6% vs -1.5%, a 7.0% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -4.8%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-13.0M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
MHO vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $788.1M |
| Net Profit | $64.0M | $-11.6M |
| Gross Margin | 17.4% | 76.6% |
| Operating Margin | 6.5% | -4.6% |
| Net Margin | 5.6% | -1.5% |
| Revenue YoY | -4.8% | 25.5% |
| Net Profit YoY | -52.1% | 3.6% |
| EPS (diluted) | $2.42 | $-0.07 |
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 | $788.1M | ||
| Q3 25 | $1.1B | $719.2M | ||
| Q2 25 | $1.2B | $678.0M | ||
| Q1 25 | $976.1M | $647.9M | ||
| Q4 24 | $1.2B | $628.0M | ||
| Q3 24 | $1.1B | $592.9M | ||
| Q2 24 | $1.1B | $553.2M | ||
| Q1 24 | $1.0B | $525.0M |
| Q4 25 | $64.0M | $-11.6M | ||
| Q3 25 | $106.5M | $-17.6M | ||
| Q2 25 | $121.2M | $-4.1M | ||
| Q1 25 | $111.2M | $-7.7M | ||
| Q4 24 | $133.5M | $-12.1M | ||
| Q3 24 | $145.4M | $-14.9M | ||
| Q2 24 | $146.7M | $19.1M | ||
| Q1 24 | $138.1M | $-28.5M |
| Q4 25 | 17.4% | 76.6% | ||
| Q3 25 | 24.5% | 76.1% | ||
| Q2 25 | 24.7% | 77.0% | ||
| Q1 25 | 25.9% | 77.1% | ||
| Q4 24 | 24.6% | 77.5% | ||
| Q3 24 | 27.1% | 78.0% | ||
| Q2 24 | 27.9% | 78.6% | ||
| Q1 24 | 27.1% | 77.7% |
| Q4 25 | 6.5% | -4.6% | ||
| Q3 25 | 12.0% | -4.5% | ||
| Q2 25 | 13.4% | -3.7% | ||
| Q1 25 | 14.4% | -6.2% | ||
| Q4 24 | 13.6% | -4.9% | ||
| Q3 24 | 15.9% | -4.5% | ||
| Q2 24 | 16.8% | -0.5% | ||
| Q1 24 | 16.6% | -8.7% |
| Q4 25 | 5.6% | -1.5% | ||
| Q3 25 | 9.4% | -2.4% | ||
| Q2 25 | 10.4% | -0.6% | ||
| Q1 25 | 11.4% | -1.2% | ||
| Q4 24 | 11.1% | -1.9% | ||
| Q3 24 | 12.7% | -2.5% | ||
| Q2 24 | 13.2% | 3.5% | ||
| Q1 24 | 13.2% | -5.4% |
| Q4 25 | $2.42 | $-0.07 | ||
| Q3 25 | $3.92 | $-0.11 | ||
| Q2 25 | $4.42 | $-0.03 | ||
| Q1 25 | $3.98 | $-0.05 | ||
| Q4 24 | $4.71 | $-0.08 | ||
| Q3 24 | $5.10 | $-0.09 | ||
| Q2 24 | $5.12 | $0.12 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.2B | $2.0B |
| Total Assets | $4.8B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.8B | $1.3B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.6B | $958.9M |
| Q4 25 | $4.8B | $6.5B | ||
| Q3 25 | $4.8B | $6.4B | ||
| Q2 25 | $4.7B | $5.3B | ||
| Q1 25 | $4.6B | $5.0B | ||
| Q4 24 | $4.5B | $4.7B | ||
| Q3 24 | $4.5B | $4.7B | ||
| Q2 24 | $4.3B | $4.2B | ||
| Q1 24 | $4.2B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $448.3M |
| Free Cash FlowOCF − Capex | $-13.0M | $431.0M |
| FCF MarginFCF / Revenue | -1.1% | 54.7% |
| Capex IntensityCapex / Revenue | 0.4% | 2.2% |
| Cash ConversionOCF / Net Profit | -0.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.7M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $448.3M | ||
| Q3 25 | $43.4M | $250.6M | ||
| Q2 25 | $37.8M | $211.1M | ||
| Q1 25 | $64.9M | $179.4M | ||
| Q4 24 | $104.4M | $331.3M | ||
| Q3 24 | $-67.9M | $203.6M | ||
| Q2 24 | $27.5M | $173.4M | ||
| Q1 24 | $115.8M | $142.1M |
| Q4 25 | $-13.0M | $431.0M | ||
| Q3 25 | $42.0M | $190.6M | ||
| Q2 25 | $35.1M | $138.9M | ||
| Q1 25 | $63.5M | $164.4M | ||
| Q4 24 | $102.3M | $314.3M | ||
| Q3 24 | $-68.5M | $154.2M | ||
| Q2 24 | $22.0M | $137.8M | ||
| Q1 24 | $115.5M | $111.2M |
| Q4 25 | -1.1% | 54.7% | ||
| Q3 25 | 3.7% | 26.5% | ||
| Q2 25 | 3.0% | 20.5% | ||
| Q1 25 | 6.5% | 25.4% | ||
| Q4 24 | 8.5% | 50.1% | ||
| Q3 24 | -6.0% | 26.0% | ||
| Q2 24 | 2.0% | 24.9% | ||
| Q1 24 | 11.0% | 21.2% |
| Q4 25 | 0.4% | 2.2% | ||
| Q3 25 | 0.1% | 8.3% | ||
| Q2 25 | 0.2% | 10.6% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | 0.1% | 8.3% | ||
| Q2 24 | 0.5% | 6.4% | ||
| Q1 24 | 0.0% | 5.9% |
| Q4 25 | -0.14× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | — | ||
| Q2 24 | 0.19× | 9.07× | ||
| Q1 24 | 0.84× | — |
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% |
ZS
Segment breakdown not available.
