MHO · M/I Homes, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MHO

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.42B	$4.50B	$4.03B	$4.13B	$3.75B	$3.05B
Cost of Revenue	$3.40B	$3.31B	$3.01B	$3.07B	$2.84B	$2.36B
Gross Profit	$1.02B	$1.20B	$1.02B	$1.06B	$908.91M	$684.78M
R&D	-	-	-	-	-	-
SG&A	$262.77M	$258.42M	$222.76M	$214.81M	$192.01M	$177.55M
Total Operating Expenses	$3.89B	$3.77B	$3.43B	$3.50B	$3.24B	$2.74B
D&A	$18.90M	$17.39M	$15.79M	$17.17M	$16.91M	$17.58M
Operating Income	$506.55M	$706.09M	$587.22M	$637.45M	$518.30M	$319.26M
Interest Expense	($20.02M)	-	$10.36M◇	$2.25M	$2.16M	$9.68M
Income Tax	$123.65M	$169.88M	$141.91M	$144.54M	$112.25M	$70.17M
Net Income	$402.94M	$563.73M	$465.37M	$490.66M	$396.87M	$239.87M
EPS - Basic	$15.07	$20.29	$16.76	$17.60	$13.64	$8.38
EPS - Diluted	$14.74	$19.71	$16.21	$17.24	$13.28	$8.23

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$689.19M	$821.57M	$732.80M	$311.54M	$236.37M	$260.81M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$4.78B	$4.55B	$4.02B	$3.71B	$3.24B	$2.64B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$1.61B	$1.61B	$1.51B	$1.64B	$1.62B	$1.38B
Stockholders' Equity	$3.17B	$2.94B	$2.52B	$2.07B	$1.62B	$1.26B
Retained Earnings	$3.27B	$2.87B	$2.30B	$1.84B	$1.35B	$948.45M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$137.35M	$179.74M	$552.13M	$184.07M	($16.82M)	$168.33M
Investing Cash Flow	($59.74M)	($54.90M)	($18.63M)	($27.38M)	($51.72M)	($33.87M)
Financing Cash Flow	($209.99M)	($36.07M)	($112.24M)	($81.52M)	$44.10M	$120.26M
CapEx	$9.61M	$8.42M	$5.77M	$9.33M	$25.30M	$11.68M
Free Cash Flow	$127.74M	$171.32M	$546.36M	$174.74M	($42.12M)	$156.66M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	23.0%	26.6%	25.3%	25.7%	24.3%	22.5%
Operating margin	11.5%	15.7%	14.6%	15.4%	13.8%	10.5%
EBITDA margin	11.9%	16.1%	15.0%	15.8%	14.3%	11.1%
Net margin	9.1%	12.5%	11.5%	11.9%	10.6%	7.9%
Free cash flow margin	2.9%	3.8%	13.5%	4.2%	-1.1%	5.1%
FCF / Net income	0.32	0.30	1.17	0.36	-0.11	0.65
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	5.9%	5.7%	5.5%	5.2%	5.1%	5.8%
Effective tax rate	23.5%	23.2%	23.4%	22.8%	22.0%	22.6%
Return on assets	8.4%	12.4%	11.6%	13.2%	12.2%	9.1%
Return on equity	12.7%	19.2%	18.5%	23.7%	24.4%	19.1%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-25.3x	-	56.7x	283.3x	240.4x	33.0x
Equity multiplier	1.51	1.55	1.60	1.79	1.99	2.10
Liabilities / Assets	0.34	0.35	0.37	0.44	0.50	0.52
Efficiency
Asset turnover	0.92	0.99	1.00	1.11	1.16	1.15
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	8.7x	6.7x	8.5x	2.7x	4.7x	5.4x
P / B	1.1x	1.3x	1.6x	0.6x	1.1x	1.0x
P / S	0.8x	0.8x	1.0x	0.3x	0.5x	0.4x
EV / EBITDA	5.3x	4.1x	5.3x	1.5x	3.0x	3.1x
Growth
Revenue growth (YoY)	-1.9%	11.7%	-2.4%	10.3%	23.0%	21.8%
Revenue CAGR (3y)	2.3%	6.3%	9.8%	18.2%	17.9%	15.8%
Revenue CAGR (5y)	7.7%	12.5%	12.0%	16.1%	17.2%	16.5%
Gross profit growth (YoY)	-15.2%	17.7%	-4.1%	16.9%	32.7%	-27.1%
Operating income growth (YoY)	-28.3%	20.2%	-7.9%	23.0%	62.3%	70.6%
Net income growth (YoY)	-28.5%	21.1%	-5.2%	23.6%	65.4%	88.0%
EPS growth (YoY)	-25.2%	21.6%	-6.0%	29.8%	61.4%	83.7%
EPS CAGR (3y)	-5.1%	14.1%	25.4%	56.7%	53.1%	53.8%
EPS CAGR (5y)	12.4%	34.5%	34.4%	50.1%	48.5%	37.4%
FCF growth (YoY)	-25.4%	-68.6%	212.7%	-	-	156.4%
FCF CAGR (5y)	-4.0%	22.9%	-	-	-	-
Book value growth (YoY)	7.7%	16.8%	21.5%	27.5%	29.0%	25.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$4.42B total

Construction$4.27B · 96.8%

Financial Service$125.46M · 2.8%

Land$17.64M · 0.4%

Geographic

$4.42B total

Southern Homebuilding$2.40B · 54.4%

Northern Homebuilding$1.89B · 42.8%

Financial Service$125.46M · 2.8%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

3/9

Weak

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✗Cash flow > net income
-Long-term debt decreased
-Current ratio improved
✓No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Operative Builders

Company	Revenue (last FY)	Net margin	ROE
DHI	$34.25B	10.5%	14.8%
TMHC	$8.12B	9.6%	12.4%
TOL	-	-	-
HOV	-	-	-
MTH	$30.22M	1499.1%	8.7%

Comparing M/I HOMES against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Jun 27, 2008	$0.0250
Mar 28, 2008	$0.0250
Dec 28, 2007	$0.0250
Sep 27, 2007	$0.0250
Jun 28, 2007	$0.0250
Mar 29, 2007	$0.0250
Dec 28, 2006	$0.0250
Sep 28, 2006	$0.0250
Jun 29, 2006	$0.0250
Mar 30, 2006	$0.0250
Dec 29, 2005	$0.0250
Sep 29, 2005	$0.0250
Jun 29, 2005	$0.0250
Mar 30, 2005	$0.0250
Dec 30, 2004	$0.0250
Sep 29, 2004	$0.0250
Jun 29, 2004	$0.0250
Mar 30, 2004	$0.0250
Dec 30, 2003	$0.0250
Sep 29, 2003	$0.0250
Jun 27, 2003	$0.0250
Mar 28, 2003	$0.0250
Dec 30, 2002	$0.0250
Sep 27, 2002	$0.0250

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.