Installed Building Products vs M/I Homes
M/I Homes reported revenue of $4.4 billion in fiscal 2025, 1.5 times Installed Building Products' $3.0 billion in fiscal 2025. Installed Building Products' revenue grew 1.0% in its latest year, and M/I Homes' fell 1.9%. Installed Building Products had an operating margin of 13.0%, against 11.5% at M/I Homes. Free cash flow was $301 million at Installed Building Products and $128 million at M/I Homes.
Side by side
| Installed Building Products | M/I Homes | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.0B | $4.4B |
| Revenue growth | 1.0% | −1.9% |
| Revenue growth a year, last 5 years | 12.4% | 7.7% |
| Gross margin | 34.0% | 23.0% |
| Operating margin | 13.0% | 11.5% |
| Net margin | 8.9% | 9.1% |
| Free cash flow | $301M | $128M |
| Free cash flow margin | 10.1% | 2.9% |
| Return on capital | 22.6% | — |
| Net debt to EBITDA | 1.3x | — |
| Dividends and buybacks | $260M | $202M |
| Change in diluted share count | −3.1% | −4.4% |
| Last close | $202.03 | $124.53 |
| P/E at the last close | 21.8× | 11.8× |
| Insider trades, last 12 months | bought $1.0 million, sold $128.7 million | sold $22.8 million |
| Piotroski F-score | 7 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Installed Building ProductsM/I Homes
Operating margin
Percent of revenue
Installed Building ProductsM/I Homes
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Installed Building ProductsM/I Homes
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Installed Building Products and M/I Homes pages.