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Financials · MHO

M/I Homes Inc. (MHO) financials

For the twelve months ended Sep 30, 2026, M/I Homes Inc. reported $4.21B of revenue and $277.42M of net income.

Revenue, TTM
$4.21B
Revenue growth, YoY
-6.0%
Net income, TTM
$277.42M
Net income growth, YoY
-41.3%
Net margin
6.6%
Free cash flow, TTM
$137.09M
EPS, diluted, TTM
$10.55
EPS growth, YoY
-38.1%
Cash
$620.60M
P/E
11.87
P/S
0.78
Market cap
$3.29B
Annual revenue$4.42B
FY2016FY2025
Annual net income$402.94M
FY2016FY2025
Annual free cash flow$127.74M
FY2016FY2025

MHO revenue and earnings growth

MHO revenueQ3 2026$1.08B

Quarter YoY
-4.9%
QoQ
+1.2%
FY YoY
-1.9%
5Y CAGR
+7.7%
10Y CAGR
+12.0%

MHO revenue was $1.08B in fiscal Q3 2026 (ended Sep 30, 2026), down 4.9% from a year earlier and up 1.2% from the prior quarter. For the full fiscal 2025 it was $4.42B, down 1.9% from fiscal 2024. Compound annual growth was +7.7% over 5 years and +12.0% over 10 years. It rose in 8 of the last 10 fiscal years.

MHO net incomeQ3 2026$66.55M

Quarter YoY
-37.5%
QoQ
-15.8%
FY YoY
-28.5%
5Y CAGR
+10.9%
10Y CAGR
+22.8%

MHO net income was $66.55M in fiscal Q3 2026 (ended Sep 30, 2026), down 37.5% from a year earlier and down 15.8% from the prior quarter. For the full fiscal 2025 it was $402.94M, down 28.5% from fiscal 2024. Compound annual growth was +10.9% over 5 years and +22.8% over 10 years. It rose in 8 of the last 10 fiscal years.

MHO EPSQ3 2026$2.56

Quarter YoY
-34.7%
QoQ
-15.2%
FY YoY
-25.2%
5Y CAGR
+12.4%
10Y CAGR
+24.3%

MHO diluted EPS was $2.56 in fiscal Q3 2026 (ended Sep 30, 2026), down 34.7% from a year earlier and down 15.2% from the prior quarter. For the full fiscal 2025 it was $14.74, down 25.2% from fiscal 2024. Compound annual growth was +12.4% over 5 years and +24.3% over 10 years.

MHO free cash flowQ3 2026-$16.95M

FY YoY
-25.4%
5Y CAGR
-4.0%

MHO free cash flow was -$16.95M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $42.01M a year earlier. For the full fiscal 2025 it was $127.74M, down 25.4% from fiscal 2024. Compound annual growth was -4.0% over 5 years. It rose in 1 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$4.42B$4.50B$4.03B$4.13B$3.75B$3.05B$2.50B$2.29B$1.96B$1.69B
Cost of revenue$3.40B$3.31B$3.01B$3.09B$2.84B$2.36B$2.01B$1.84B$1.56B-
Gross profit$1.02B$1.20B$1.02B$1.04B$908.91M$684.78M$494.43M$449.58M$400.95M-
Selling, general and admin$262.77M$258.42M$222.76M$214.81M$192.01M$177.55M$147.95M$137.78M$126.28M$111.60M
Operating income$506.55M$706.09M$587.22M$637.45M$518.30M$319.26M$187.09M$163.16M$138.66M$108.74M
Interest expense---$20.02M$2.25M$2.16M$9.68M$21.38M$20.48M$18.87M$17.60M
Income tax$123.65M$169.88M$141.91M$144.54M$112.25M$70.17M$38.44M$33.63M$48.24M$35.18M
Net income$402.94M$563.73M$465.37M$490.66M$396.87M$239.87M$127.59M$107.66M$72.08M$56.61M
EPS, basic$15.07$20.29$16.76$17.60$13.64$8.38$4.58$3.81$2.57$2.10
EPS, diluted$14.74$19.71$16.21$17.24$13.28$8.23$4.48$3.70$2.26$1.84
Diluted shares27.3M28.6M28.7M28.5M29.9M29.2M28.5M29.2M30.7M30.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$689.19M$821.57M$732.80M$311.54M$236.37M$260.81M$6.08M$21.53M$151.70M$34.44M
Goodwill$16.40M$16.40M$16.40M$16.40M$16.40M$16.40M$16.40M$16.40M$0-
Total assets$4.78B$4.55B$4.02B$3.71B$3.24B$2.64B$2.11B$2.02B$1.86B$1.55B
Total debt-------$2.32M$261.0K$1.29M
Total liabilities$1.61B$1.61B$1.51B$1.64B$1.62B$1.38B$1.10B$1.17B$1.12B$894.34M
Shareholders' equity$3.17B$2.94B$2.52B$2.07B$1.62B$1.26B$1.00B$855.30M$747.30M$654.17M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$137.35M$179.74M$552.13M$184.07M-$16.82M$168.33M$65.63M-$2.59M-$53.18M$34.20M
Capital expenditures$9.61M$8.42M$5.77M$9.33M$25.30M$11.68M$4.53M$8.14M$8.80M$13.11M
Free cash flow$127.74M$171.32M$546.36M$174.74M-$42.12M$156.66M$61.10M-$10.73M-$61.98M$21.09M
Investing cash flow-$59.74M-$54.90M-$18.63M-$27.38M-$51.72M-$33.87M-$27.59M-$133.96M-$9.16M-$31.64M
Financing cash flow-$209.99M-$36.07M-$112.24M-$81.52M$44.10M$120.26M-$53.48M$6.38M$179.60M$18.79M
Dividends paid------$0$0$3.66M-$4.88M
Share repurchases$202.03M$176.95M$65.34M$55.33M$51.52M$1.91M$5.15M$25.71M$0$0
Stock-based compensation$17.00M$14.56M$11.37M$8.79M$8.56M$7.14M$5.85M$5.97M$6.04M$5.32M
Depreciation and amortization$18.90M$17.39M$15.79M$17.17M$16.91M$17.58M$15.95M$14.53M$14.17M$13.61M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-1.9%11.7%-2.4%10.3%23.0%21.8%9.4%16.5%16.0%19.2%
Net income growth, YoY-28.5%21.1%-5.2%23.6%65.4%88.0%18.5%49.4%27.3%9.4%
EPS growth, YoY-25.2%21.6%-6.0%29.8%61.4%83.7%21.1%63.7%22.8%9.5%
Gross margin23.0%26.6%25.3%25.3%24.3%22.5%19.8%19.7%20.4%-
Operating margin11.5%15.7%14.6%15.4%13.8%10.5%7.5%7.1%7.1%6.4%
Net margin9.1%12.5%11.5%11.9%10.6%7.9%5.1%4.7%3.7%3.3%
Free cash flow margin2.9%3.8%13.5%4.2%-1.1%5.1%2.4%-0.5%-3.2%1.2%
Return on equity12.7%19.2%18.5%23.7%24.4%19.1%12.7%12.6%9.6%8.7%
Return on assets8.4%12.4%11.6%13.2%12.2%9.1%6.1%5.3%3.9%3.7%
Debt to equity-------0.000.000.00

Source: XBRL data M/I Homes Inc. files with the SEC, latest filing dated Oct 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MHO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MHO$4.21B-6.0%$277.42M6.6%$3.29B
DHI$33.35B-3.5%$3.07B9.2%$42.59B
LEN$31.97B-8.0%$1.31B4.1%$21.11B
TOL$10.76B-1.1%$1.20B11.1%$14.06B
MTH--$297.75M-$4.38B
KBH$5.18B-20.8%$227.57M4.4%$3.08B

MHO FAQ

9 questions
  • What is MHO revenue?
    M/I Homes Inc. (MHO) reported $4.21B of revenue for the twelve months ended Sep 30, 2026. That is down 6.0% from the year before. Revenue for fiscal 2025 was $4.42B.
  • Is MHO profitable?
    Yes. M/I Homes Inc. earned $277.42M in net income for the twelve months ended Sep 30, 2026, a net margin of 6.6%.
  • How much cash and debt does MHO have?
    M/I Homes Inc. reported $620.60M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is MHO revenue growing?
    M/I Homes Inc.'s revenue changed -1.9% in fiscal 2025, to $4.42B. Its compound annual growth rate was +7.7% over 5 years and +12.0% over 10 years.
  • What is MHO gross margin?
    M/I Homes Inc.'s gross profit was $870.28M on $4.21B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 20.7%.
  • What is MHO free cash flow?
    M/I Homes Inc. generated $137.09M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $150.51M less capital expenditures.
  • What is MHO earnings per share?
    Diluted earnings per share were $10.55 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MHO last report financial results?
    The latest statements here come from M/I Homes Inc.'s 10-Q filed on Oct 23, 2026, covering the period ended Sep 30, 2026.
  • Where does this MHO financial data come from?
    Quantisnow builds these statements from the structured XBRL data M/I Homes Inc. files with the SEC. It is provided for information only and is not investment advice.