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M/I Homes vs Nvr: revenue, profit, margins and growth compared

M/I Homes brought in $4.4B of revenue in fiscal 2025, Nvr $10.3B in fiscal 2025. Revenue changed by -1.9% at M/I Homes and -1.9% at Nvr on the year before. M/I Homes kept 9.1% of its revenue as net profit, Nvr 13.0%. Free cash flow was $127.7M at M/I Homes and $1.1B at Nvr.

Side by side, latest fiscal year

MHONVR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.4B$10.3B
Revenue growth-1.9%-1.9%
Net income$402.9M$1.3B
Net margin9.1%13.0%
Free cash flow$127.7M$1.1B
Free cash flow margin2.9%10.6%
Earnings per share (diluted)$14.74$436.55
Cash$689.2M$2B
Debtn/an/a
Price to earnings9.414.4
Market value$3.5B$16.8B
Dividend yieldn/an/a
Rank by revenue in sector#221 of 778 · Consumer discretionary#120 of 778 · Consumer discretionary

Over the years

Revenue
MHO FY2018: $2.3BMHO FY2019: $2.5BMHO FY2020: $3BMHO FY2021: $3.7BMHO FY2022: $4.1BMHO FY2023: $4BMHO FY2024: $4.5BMHO FY2025: $4.4BNVR FY2018: $7.2BNVR FY2019: $7.4BNVR FY2020: $7.5BNVR FY2021: $9BNVR FY2022: $10.5BNVR FY2023: $9.5BNVR FY2024: $10.5BNVR FY2025: $10.3BFY18FY19FY20FY21FY22FY23FY24FY25
MHO $4.4BNVR $10.3B
Net income
MHO FY2018: $107.7MMHO FY2019: $127.6MMHO FY2020: $239.9MMHO FY2021: $396.9MMHO FY2022: $490.7MMHO FY2023: $465.4MMHO FY2024: $563.7MMHO FY2025: $402.9MNVR FY2018: $797.2MNVR FY2019: $878.5MNVR FY2020: $901.2MNVR FY2021: $1.2BNVR FY2022: $1.7BNVR FY2023: $1.6BNVR FY2024: $1.7BNVR FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
MHO $402.9MNVR $1.3B
Net margin
MHO FY2018: 4.7%MHO FY2019: 5.1%MHO FY2020: 7.9%MHO FY2021: 10.6%MHO FY2022: 11.9%MHO FY2023: 11.5%MHO FY2024: 12.5%MHO FY2025: 9.1%NVR FY2018: 11.1%NVR FY2019: 11.9%NVR FY2020: 12.0%NVR FY2021: 13.8%NVR FY2022: 16.4%NVR FY2023: 16.7%NVR FY2024: 16.0%NVR FY2025: 13.0%FY18FY19FY20FY21FY22FY23FY24FY25
MHO 9.1%NVR 13.0%
Revenue growth
MHO FY2019: +9.4%MHO FY2020: +21.8%MHO FY2021: +23.0%MHO FY2022: +10.3%MHO FY2023: -2.4%MHO FY2024: +11.7%MHO FY2025: -1.9%NVR FY2019: +3.1%NVR FY2020: +2.0%NVR FY2021: +18.8%NVR FY2022: +17.6%NVR FY2023: -9.6%NVR FY2024: +10.6%NVR FY2025: -1.9%FY19FY20FY21FY22FY23FY24FY25
MHO -1.9%NVR -1.9%
Free cash flow
MHO FY2018: -$10.7MMHO FY2019: $61.1MMHO FY2020: $156.7MMHO FY2021: -$42.1MMHO FY2022: $174.7MMHO FY2023: $546.4MMHO FY2024: $171.3MMHO FY2025: $127.7MNVR FY2018: $703.5MNVR FY2019: $843.8MNVR FY2020: $909.2MNVR FY2021: $1.2BNVR FY2022: $1.9BNVR FY2023: $1.5BNVR FY2024: $1.3BNVR FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
MHO $127.7MNVR $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about M/I Homes and Nvr

Which is bigger by revenue, M/I Homes or Nvr?

Nvr is bigger by revenue: $10.3B in fiscal 2025, against $4.4B for M/I Homes in fiscal 2025.

Which keeps more of its revenue as profit, M/I Homes or Nvr?

M/I Homes had a net margin of 9.1% in fiscal 2025; Nvr had 13.0% in fiscal 2025.

Which grew revenue faster, M/I Homes or Nvr?

In their latest fiscal years revenue changed by -1.9% at M/I Homes and -1.9% at Nvr.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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