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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $920.71M | - | $1.13B | $1.16B | $976.09M | - | $1.14B | $1.11B | $1.05B | - |
| Cost of Revenue | $718.12M | - | $854.12M | $875.97M | $723.31M | - | $833.47M | $800.50M | $763.36M | - |
| Gross Profit | $202.59M | - | $277.67M | $286.62M | $252.78M | - | $309.44M | $309.28M | $283.34M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $61.19M | - | $70.77M | $67.25M | $59.07M | - | $68.28M | $63.99M | $56.08M | - |
| Total Operating Expenses | $831.54M | - | $991.97M | $1.00B | $829.97M | - | $954.24M | $915.64M | $866.46M | - |
| D&A | $4.08M | - | - | - | $3.69M | - | - | - | $3.30M | - |
| Operating Income | $86.06M | - | $135.27M | $155.72M | $140.92M | - | $181.99M | $186.79M | $173.32M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $21.34M | - | $33.33M | $38.85M | $34.88M | - | $43.22M | $47.39M | $42.18M | - |
| Net Income | $67.83M | - | $106.49M | $121.24M | $111.24M | - | $145.45M | $146.75M | $138.06M | - |
| EPS - Basic | $2.61 | - | $4.01 | $4.52 | $4.07 | - | $5.26 | $5.26 | $4.92 | - |
| EPS - Diluted | $2.55 | - | $3.92 | $4.42 | $3.98 | - | $5.10 | $5.12 | $4.78 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $767.42M | $689.19M | $734.17M | $800.40M | $776.38M | $821.57M | $719.92M | $837.46M | $870.16M | $732.80M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $4.79B | $4.78B | $4.77B | $4.74B | $4.59B | $4.55B | $4.46B | $4.34B | $4.21B | $4.02B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.60B | $1.61B | $1.62B | $1.66B | $1.58B | $1.61B | $1.61B | $1.60B | $1.57B | $1.51B |
| Stockholders' Equity | $3.19B | $3.17B | $3.15B | $3.08B | $3.01B | $2.94B | $2.85B | $2.74B | $2.64B | $2.52B |
| Retained Earnings | $3.34B | $3.27B | $3.20B | $3.10B | $2.98B | $2.87B | $2.73B | $2.59B | $2.44B | $2.30B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $135.73M | - | - | - | $64.89M | - | - | - | $115.77M | - |
| Investing Cash Flow | $5.12M | - | - | - | ($2.93M) | - | - | - | ($17.11M) | - |
| Financing Cash Flow | ($62.62M) | - | - | - | ($107.15M) | - | - | - | $38.69M | - |
| CapEx | $154.0K | - | - | - | $1.34M | - | - | - | $276.0K | - |
| Free Cash Flow | $135.58M | - | - | - | $63.55M | - | - | - | $115.50M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 22.0% | - | 24.5% | 24.7% | 25.9% | - | 27.1% | 27.9% | 27.1% | - |
| Operating margin | 9.3% | - | 12.0% | 13.4% | 14.4% | - | 15.9% | 16.8% | 16.6% | - |
| EBITDA margin | 9.8% | - | - | - | 14.8% | - | - | - | 16.9% | - |
| Net margin | 7.4% | - | 9.4% | 10.4% | 11.4% | - | 12.7% | 13.2% | 13.2% | - |
| Free cash flow margin | 14.7% | - | - | - | 6.5% | - | - | - | 11.0% | - |
| FCF / Net income | 2.00 | - | - | - | 0.57 | - | - | - | 0.84 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.6% | - | 6.3% | 5.8% | 6.1% | - | 6.0% | 5.8% | 5.4% | - |
| Effective tax rate | 23.9% | - | 23.8% | 24.3% | 23.9% | - | 22.9% | 24.4% | 23.4% | - |
| Return on assets | 1.4% | - | 2.2% | 2.6% | 2.4% | - | 3.3% | 3.4% | 3.3% | - |
| Return on equity | 2.1% | - | 3.4% | 3.9% | 3.7% | - | 5.1% | 5.4% | 5.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.50 | 1.51 | 1.51 | 1.54 | 1.53 | 1.55 | 1.57 | 1.58 | 1.60 | 1.60 |
| Liabilities / Assets | 0.33 | 0.34 | 0.34 | 0.35 | 0.34 | 0.35 | 0.36 | 0.37 | 0.37 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.24 | 0.25 | 0.21 | - | 0.26 | 0.26 | 0.25 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 48.0x | - | 36.8x | 25.4x | 28.7x | - | 33.6x | 23.9x | 28.5x | - |
| P / B | 1.0x | - | 1.2x | 1.0x | 1.1x | - | 1.7x | 1.3x | 1.5x | - |
| P / S | 3.5x | - | 3.5x | 2.6x | 3.3x | - | 4.3x | 3.2x | 3.8x | - |
| EV / EBITDA | 27.6x | - | - | - | 16.7x | - | - | - | 17.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -5.7% | - | -1.0% | 4.8% | -6.7% | - | 9.2% | 9.4% | 4.6% | - |
| Revenue CAGR (3y) | -2.7% | - | 3.8% | 3.8% | 4.3% | - | 8.1% | 4.9% | 8.1% | - |
| Revenue CAGR (5y) | 2.1% | - | 5.9% | 10.2% | 11.1% | - | 11.8% | 12.2% | 16.8% | - |
| Gross profit growth (YoY) | -19.9% | - | -10.3% | -7.3% | -10.8% | - | 9.8% | 19.8% | 20.8% | - |
| Operating income growth (YoY) | -38.9% | - | -25.7% | -16.6% | -18.7% | - | 5.7% | 24.0% | 28.8% | - |
| Net income growth (YoY) | -39.0% | - | -26.8% | -17.4% | -19.4% | - | 4.6% | 24.4% | 34.0% | - |
| EPS growth (YoY) | -35.9% | - | -23.1% | -13.7% | -16.7% | - | 5.8% | 24.3% | 31.3% | - |
| EPS CAGR (3y) | -11.2% | - | -5.7% | -2.6% | 8.0% | - | 19.0% | 12.7% | 18.8% | - |
| EPS CAGR (5y) | -2.2% | - | 9.3% | 18.5% | 29.6% | - | 31.0% | 36.5% | 50.0% | - |
| FCF growth (YoY) | 113.3% | - | - | - | -45.0% | - | - | - | -53.7% | - |
| FCF CAGR (5y) | 12.6% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.2% | 7.7% | 10.7% | 12.4% | 13.9% | 16.8% | 17.3% | 19.3% | 20.9% | 21.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$4.42B totalConstruction$4.27B · 96.8%
Financial Service$125.46M · 2.8%
Land$17.64M · 0.4%
Geographic
$4.42B totalSouthern Homebuilding$2.40B · 54.4%
Northern Homebuilding$1.89B · 42.8%
Financial Service$125.46M · 2.8%
Peer comparison
Same SIC group: Operative Builders
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 |