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Stock research / United States / MHO · Operative Builders · NYSE

M/I Homes, Inc. (MHO)

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M/I Homes, Inc. (MHO) reported revenue of $1.1 billion for Q2 FY2026, the quarter ended 30 June 2026, down 8.5% on the same quarter a year earlier. Net income was $79 million, down 34.8% on the year, and diluted earnings per share $3.02. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$1.1 billiondown 8.5%
Net income$79 milliondown 34.8%
Diluted EPS$3.02
QuarterQ2 FY2026ended 30 June 2026

M/I Homes (MHO) in brief

M/I Homes (MHO) reported revenue of $4.4 billion for fiscal 2025, the year ended 31 December 2025, down 1.9% on the year before.
Read moreNet income was $403 million and diluted earnings per share $14.74. Revenue was $4.5 billion in fiscal 2024, $4.0 billion in fiscal 2023, $4.1 billion in fiscal 2022 and $3.7 billion in fiscal 2021. Net income in the same years was $564 million, $465 million, $491 million and $397 million. Over the twelve months to 30 June 2026, M/I Homes reported revenue of $4.3 billion and net income of $317 million. Revenue grew 7.7% a year, compounded, over the five years to fiscal 2025. M/I Homes had 25 million shares outstanding at the latest filed count. At 30 June 2026 it carried $550 million of debt and $736 million of cash. At the close of 9 October 2026 the market cap of M/I Homes was $3.2 billion, 10.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.8%
ROCE10.5%
Operating margin9.3%
Net margin7.4%
FCF margin4.6%
Interest covern/a
Debt to equity0.17
Cash conversion0.65
Share count, 1 year-4.2%
Sales CAGR, 3 years2.3%
Profit CAGR, 3 years-6.4%
EPS, TTM$11.88

At the close of 9 October 2026

Price$127.68
Market cap$3.2 billion
Stock P/E10.75
Price to book1.00
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.76
52-week high$163.00
52-week low$117.69
Price, 1 year-3.9%
Price CAGR, 3 years15.9%
Price CAGR, 5 years17.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of M/I Homes, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
MHOgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MHO

Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 officer or director change
Planned insider sales23 Form 144 notices in twelve months, $26.3 million; latest 5 August 2026
Options tapeput/call 0.08 by open interest at the 9 October 2026 close; the straddle prices a 3.8% move to 16 October 2026
13F holders7 of the followed funds hold it; largest FMR LLC; 9 Schedule 13D or 13G filings in twelve months
Insider trading38 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.5 million shares short, 7.36 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,0469731,0471,1101,1431,2059761,1631,1321,1479211,063
Cost of revenue765728763801833908723876854947718828
Gross profit282244283309309297253287278200203235
Gross margin27%25%27%28%27%25%26%25%25%17%22%22%
Operating income17213017318718216414115613574.686.1101
Operating margin16%13%17%17%16%14%14%13%12%7%9%10%
Net income13910513814714513311112110664.067.879.1
Net margin13%11%13%13%13%11%11%10%9%6%7%7%
Diluted EPS$4.82$3.66$4.78$5.12$5.10$4.71$3.98$4.42$3.92$2.39$2.55$3.02
Operating cash flow79.554.911627.5-67.910464.937.843.4-8.713636.8
Capital expenditure2.51.20.35.50.62.11.32.61.44.30.25.4
Free cash flow77.053.711522.0-68.510263.535.142.0-13.013631.4
Buybacks25.125.125.350.350.251.150.150.150.251.750.150.0
Shares outstanding28m28m28m27m27m27m27m26m26m26m26m25m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue1,2151,4181,6911,9622,2862,5003,0463,7464,1314,0344,5054,4184,263
Cost of revenuen/an/an/a1,5611,8372,0062,3612,8373,0883,0153,3063,4013,347
Gross profitn/an/an/a4014504946859091,0441,0191,1991,017916
Gross marginn/an/an/a20.4%19.7%19.8%22.5%24.3%25.3%25.3%26.6%23.0%21.5%
Operating income82.8112109139163187319518637587706507397
Operating margin6.8%7.9%6.4%7.1%7.1%7.5%10.5%13.8%15.4%14.6%15.7%11.5%9.3%
Interest expense13.417.517.618.920.521.49.72.22.2-20.0n/an/an/a
Income tax18.935.235.248.233.638.470.211214514217012496.7
Net income50.851.856.672.1108128240397491465564403317
Net margin4.2%3.6%3.3%3.7%4.7%5.1%7.9%10.6%11.9%11.5%12.5%9.1%7.4%
Diluted EPS$1.65$1.68$1.84$2.26$3.70$4.48$8.23$13.28$17.24$16.21$19.71$14.74$11.88
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Construction3,9144,3764,27596.8%
Financial Service93.81161252.8%
Land25.312.617.60.4%
ConstructionFinancial ServiceLand
4,034FY20234,505FY20244,418FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
Southern Homebuilding2,4162,4882,40254.4%
Northern Homebuilding1,5241,9001,89042.8%
Financial Service93.81161252.8%
Southern HomebuildingNorthern HomebuildingFinancial Service
4,034FY20234,505FY20244,418FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow-133-82.434.2-53.2-2.665.6168-16.8184552180137207
Capital expenditure2.93.713.18.88.14.511.725.39.35.88.49.611.2
Free cash flow-136-86.021.1-62.0-10.761.1157-42.1175546171128196
Free cash flow margin-11.2%-6.1%1.2%-3.2%-0.5%2.4%5.1%-1.1%4.2%13.5%3.8%2.9%4.6%
Cash from investing-19.7-41.5-31.6-9.2-134-27.6-33.9-51.7-27.4-18.6-54.9-59.7-51.2
Cash from financing32.111418.81806.4-53.512044.1-81.5-112-36.1-210-220
Depreciation and amortisation8.310.913.614.214.515.917.616.917.215.817.418.9n/a
Share-based compensation3.23.95.36.06.05.87.18.68.811.414.617.017.6
Buybacksn/an/a0.00.025.75.21.951.555.365.3177202202
Dividends paid-4.9-4.9-4.93.70.00.0n/an/an/an/an/an/an/a
Diluted shares, weighted30m30m30m31m29m28m29m30m28m29m29m27m26m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a25m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity5445976547478551,0031,2591,6242,0712,5172,9403,1663,227
Debt12.27.01.30.32.3n/an/an/a938860981973550
Other liabilities6498128931,1171,1641,1021,3841,6167066466296381,078
Total liabilities and equity1,2051,4161,5491,8652,0222,1062,6433,2403,7154,0224,5504,7774,856
Owned
Fixed assets11.512.922.326.829.422.126.637.637.434.934.534.334.4
Goodwilln/an/an/a0.016.416.416.416.416.416.416.416.416.4
Cash and equivalents22.513.134.415221.56.1261236312733822689736
Other assets1,1711,3901,4921,6861,9542,0612,3392,9493,3503,2383,6774,0374,069
Total assets1,2051,4161,5491,8652,0222,1062,6433,2403,7154,0224,5504,7774,856
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded12.0%7.7%2.3%-5.0%
Profit growth, compounded22.8%10.9%-6.4%-37.9%
Return on equity, average16.1%19.7%16.8%12.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was M/I Homes' revenue in fiscal 2025?

M/I Homes (MHO) reported revenue of $4.4 billion for fiscal 2025, the year ended 31 December 2025, down 1.9% on the year before.

How much did M/I Homes earn in fiscal 2025?

Net income was $403 million for fiscal 2025, and diluted earnings per share $14.74.

What is M/I Homes' P/E ratio?

At the close of 9 October 2026, M/I Homes traded at 10.7 times its earnings over the twelve months to 30 June 2026.

What is M/I Homes' market cap?

The market cap of M/I Homes was $3.2 billion at the close of 9 October 2026.

How much debt does M/I Homes have?

At 30 June 2026 M/I Homes carried $550 million of debt and $736 million of cash.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
D.R. Horton, Inc. DHI$37.9 billion12.8312.8%n/a-3.5%0.301.3%
PulteGroup Inc. PHM$21.0 billion11.4514.6%n/a-7.3%0.140.8%
NVR Inc. NVR$15.7 billion15.3033.7%n/a-9.9%0.27n/a
Toll Brothers, Inc. TOL$12.3 billion10.6914.0%13.8%-1.1%0.320.7%
Everus Construction Group, Inc. ECG$6.3 billion24.6432.9%7.8%30.5%0.35n/a
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
M/I Homes, Inc. MHO$3.2 billion10.759.8%9.3%-5.0%0.17n/a
Green Brick Partners, Inc. GRBK$2.7 billion9.4714.7%n/a-6.2%0.14n/a
KB Home KBH$2.6 billion12.156.0%n/a-20.8%0.552.3%
Century Communities, Inc. CCS$1.6 billion12.205.2%n/a-8.9%0.44n/a
LGI Homes, Inc. LGIH$1.0 billion15.373.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$856 million6.5510.2%n/a-12.2%1.27n/a
All 31 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$106.0 billion80.8313.8%6.2%26.3%0.560.1%
Comfort Systems USA Inc. FIX$60.4 billion42.2044.6%16.5%46.1%0.020.1%
D.R. Horton, Inc. DHI$37.9 billion12.8312.8%n/a-3.5%0.301.3%
Emcor Group, Inc. EME$34.9 billion24.5635.3%10.4%18.9%0.000.2%
PulteGroup Inc. PHM$21.0 billion11.4514.6%n/a-7.3%0.140.8%
Lennar Corp. LEN$18.2 billion14.496.1%5.4%-8.0%0.270.3%
Mastec Inc. MTZ$17.1 billion33.9014.2%n/a23.5%0.74n/a
Jacobs Solutions Inc. J$16.3 billion49.5210.4%4.6%20.1%1.101.0%
Sterling Infrastructure, Inc. STRL$15.7 billion36.9831.8%17.5%60.8%0.20n/a
NVR Inc. NVR$15.7 billion15.3033.7%n/a-9.9%0.27n/a
Toll Brothers, Inc. TOL$12.3 billion10.6914.0%13.8%-1.1%0.320.7%
Dycom Industries Inc. DY$8.1 billion24.5016.0%7.8%37.8%1.35n/a
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4032.1%
Everus Construction Group, Inc. ECG$6.3 billion24.6432.9%7.8%30.5%0.35n/a
IES Holdings, Inc. IESC$5.9 billion13.2237.1%12.4%22.7%0.00n/a
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Installed Building Products, Inc. IBP$4.9 billion19.9639.2%12.4%0.3%1.661.8%
Granite Construction Inc. GVA$4.9 billionn/a-21.9%6.3%21.8%2.070.5%
Construction Partners, Inc. ROAD$4.9 billion34.0513.7%8.6%41.9%1.68n/a
MYR Group Inc. MYRG$4.9 billion29.5721.9%5.6%16.1%0.01n/a
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
M/I Homes, Inc. MHO$3.2 billion10.759.8%9.3%-5.0%0.17n/a
Green Brick Partners, Inc. GRBK$2.7 billion9.4714.7%n/a-6.2%0.14n/a
KB Home KBH$2.6 billion12.156.0%n/a-20.8%0.552.3%
Sunrun Inc. RUN$1.8 billion5.1711.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.6 billion12.205.2%n/a-8.9%0.44n/a
LGI Homes, Inc. LGIH$1.0 billion15.373.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$856 million6.5510.2%n/a-12.2%1.27n/a
10 companies share its SEC industry code (Operative Builders); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 202624 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202524 October 2025EDGAR
10-Q30 June 202525 July 2025EDGAR
10-Q31 March 202525 April 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20241 November 2024EDGAR
10-Q30 June 202431 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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