M/I Homes (MHO) Financials

$109.67 -1.09 (-0.98%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for M/I Homes

This table shows M/I Homes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	564	465	491	415	240	128	108	66	52	47
Consolidated Net Income / (Loss)	564	465	491	397	240	128	108	72	57	52
Net Income / (Loss) Continuing Operations	564	465	491	415	240	128	108	72	57	52
Total Pre-Tax Income	734	607	635	509	310	166	141	120	92	87
Total Operating Income	734	607	640	529	320	187	162	120	92	95
Total Gross Profit	1,199	1,019	1,044	909	685	494	450	401	1,691	1,418
Total Revenue	4,505	4,034	4,131	3,746	3,046	2,500	2,286	1,962	1,691	1,418
Operating Revenue	4,505	4,034	4,131	3,746	3,046	2,500	2,286	1,962	1,691	1,418
Total Cost of Revenue	3,306	3,015	3,088	2,837	2,361	2,006	1,837	1,561	0.00	0.00
Operating Cost of Revenue	3,306	3,015	3,088	2,837	2,361	2,006	1,837	1,561	-	-
Total Operating Expenses	465	412	404	380	365	308	288	281	1,600	1,324
Selling, General & Admin Expense	493	432	406	391	357	302	281	255	220	188
Other Operating Expenses / (Income)	-28	-20	-2.26	-2.05	-0.47	0.31	-0.31	18	1,375	1,132
Impairment Charge	0.00	0.00	0.00	0.00	8.44	5.00	5.81	7.68	3.99	3.64
Restructuring Charge	0.00	0.00	0.00	0.00	0.00	0.00	1.70	0.00	0.00	-
Other Special Charges / (Income)	0.00	0.00	-	-9.07	0.00	-	-	-	-	-
Total Other Income / (Expense), net	0.00	0.00	0.00	-2.16	-9.68	-21	-20	0.00	0.00	-7.84
Income Tax Expense	170	142	145	112	70	38	34	48	35	35
Basic Earnings per Share	$20.29	$16.76	$17.60	$13.64	$8.38	$4.58	$3.81	$2.57	$2.10	$1.91
Weighted Average Basic Shares Outstanding	27.78M	27.77M	27.88M	29.09M	28.61M	27.85M	28.23M	25.77M	24.67M	24.58M
Diluted Earnings per Share	$19.71	$16.21	$17.24	$13.28	$8.23	$4.48	$3.70	$2.26	$1.84	$1.68
Weighted Average Diluted Shares Outstanding	28.60M	28.72M	28.46M	29.88M	29.15M	28.48M	29.18M	30.69M	30.12M	30.05M
Weighted Average Basic & Diluted Shares Outstanding	27.11M	27.81M	27.67M	28.46M	29.11M	28.58M	28.30M	25.70M	24.60M	24.50M

This table shows M/I Homes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	111	133	145	147	138	105	139	118	103	130	132
Consolidated Net Income / (Loss)	111	133	145	147	138	105	139	118	103	130	132
Net Income / (Loss) Continuing Operations	111	133	145	147	138	105	139	118	103	130	132
Total Pre-Tax Income	146	171	189	194	180	138	178	155	136	164	167
Total Operating Income	146	171	189	194	180	138	178	155	136	167	167
Total Gross Profit	253	297	309	309	283	244	282	258	235	275	272
Total Revenue	976	1,205	1,143	1,110	1,047	973	1,046	1,014	1,001	1,217	1,013
Operating Revenue	976	1,205	1,143	1,110	1,047	973	1,046	1,014	1,001	1,217	1,013
Total Cost of Revenue	723	908	833	801	763	728	765	756	766	942	741
Operating Cost of Revenue	723	908	833	801	763	728	765	756	766	942	741
Total Operating Expenses	107	126	121	115	103	106	104	103	99	107	105
Selling, General & Admin Expense	112	133	127	122	110	115	110	108	100	110	105
Other Operating Expenses / (Income)	-5.20	-6.57	-6.68	-7.35	-6.92	-8.13	-5.83	-4.70	-1.40	-2.91	0.00
Impairment Charge	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Restructuring Charge	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Other Income / (Expense), net	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	1.39	-0.70
Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-1.39	0.70
Income Tax Expense	35	37	43	47	42	33	39	37	33	34	35
Basic Earnings per Share	$4.07	$4.85	$5.26	$5.26	$4.92	$3.80	$4.98	$4.25	$3.73	$4.73	$4.76
Weighted Average Basic Shares Outstanding	27.31M	27.78M	27.64M	27.88M	28.05M	27.77M	27.91M	27.79M	27.60M	27.88M	27.62M
Diluted Earnings per Share	$3.98	$4.71	$5.10	$5.12	$4.78	$3.63	$4.82	$4.12	$3.64	$4.62	$4.67
Weighted Average Diluted Shares Outstanding	27.94M	28.60M	28.53M	28.67M	28.89M	28.72M	28.84M	28.62M	28.31M	28.46M	28.19M
Weighted Average Basic & Diluted Shares Outstanding	26.78M	27.11M	27.21M	27.41M	27.75M	27.81M	27.85M	27.80M	27.83M	27.67M	27.43M

This table details how cash moves in and out of M/I Homes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	89	421	75	-24	255	-15	-130	117	21	-9.39
Net Cash From Operating Activities	180	552	184	-17	168	66	-2.59	-53	34	-82
Net Cash From Continuing Operating Activities	180	552	184	-17	168	66	-2.59	-53	-17	-144
Net Income / (Loss) Continuing Operations	564	465	491	397	240	128	108	72	57	52
Consolidated Net Income / (Loss)	564	465	491	397	240	128	108	72	57	52
Depreciation Expense	14	13	13	13	13	12	11	9.63	8.55	6.61
Amortization Expense	4.56	4.45	4.19	4.22	4.94	4.26	3.58	4.54	5.05	4.32
Non-Cash Adjustments To Reconcile Net Income	-97	75	51	-50	-69	20	7.63	-10	-13	-28
Changes in Operating Assets and Liabilities, net	-306	-5.18	-375	-380	-20	-98	-132	-129	-75	-178
Net Cash From Investing Activities	-55	-19	-27	-52	-34	-28	-134	-9.16	-32	-41
Net Cash From Continuing Investing Activities	-55	-19	-27	-52	-34	-28	-134	-9.16	12	43
Purchase of Property, Plant & Equipment	-8.42	-5.77	-9.33	-25	-12	-4.53	-8.14	-8.80	-13	-3.66
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	-101	0.00	0.00	-24
Purchase of Investments	-54	-24	-20	-52	-29	-30	-32	-12	-22	-18
Sale of Property, Plant & Equipment	0.00	0.00	0.00	8.57	0.00	6.31	0.00	0.00	-	-
Sale and/or Maturity of Investments	0.00	0.00	1.89	1.21	2.48	0.81	0.68	3.52	-	-
Other Investing Activities, net	7.62	11	0.20	15	3.87	0.00	6.34	8.21	3.21	4.29
Net Cash From Financing Activities	-36	-112	-82	44	120	-53	6.38	180	19	114
Net Cash From Continuing Financing Activities	-36	-112	-82	44	120	-53	6.38	180	739	943
Repayment of Debt	120	-81	-390	-216	-595	-764	-635	-445	-357	-637
Repurchase of Common Equity	-177	-65	-55	-52	-1.91	-5.15	-26	0.00	0.00	-
Issuance of Debt	0.00	0.00	362	300	707	697	667	668	381	756
Other Financing Activities, net	21	34	1.37	11	9.91	20	0.54	11	0.18	1.04
Cash Interest Paid	0.64	1.48	1.89	1.96	7.81	19	18	10	6.60	15
Cash Income Taxes Paid	160	151	155	110	64	37	25	37	2.27	2.31

This table details how cash moves in and out of M/I Homes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-45	102	-118	-33	137	-3.45	68	126	231	244	-121
Net Cash From Operating Activities	65	104	-68	28	116	55	80	166	251	198	-93
Net Cash From Continuing Operating Activities	65	104	-68	28	116	55	80	166	251	198	-93
Net Income / (Loss) Continuing Operations	111	133	145	147	138	105	139	118	103	130	132
Consolidated Net Income / (Loss)	111	133	145	147	138	105	139	118	103	130	132
Depreciation Expense	3.69	3.63	3.67	3.54	3.30	3.35	3.22	3.13	3.21	3.23	3.22
Amortization Expense	1.09	1.18	1.15	1.07	1.16	1.13	1.01	1.13	1.18	1.12	1.13
Non-Cash Adjustments To Reconcile Net Income	46	-38	-10	10	-59	38	-15	35	17	-40	13
Changes in Operating Assets and Liabilities, net	-97	4.16	-208	-134	32	-92	-49	8.48	128	104	-241
Net Cash From Investing Activities	-2.93	-9.86	-17	-10	-17	-4.50	-11	1.99	-4.79	-8.28	-7.64
Net Cash From Continuing Investing Activities	-2.93	-9.86	-17	-10	-17	-4.50	-11	1.99	-4.79	-8.28	-7.64
Purchase of Property, Plant & Equipment	-1.34	-2.07	-0.58	-5.49	-0.28	-1.16	-2.49	-0.04	-2.08	-5.46	-1.19
Acquisitions	0.00	-	-	-	0.00	-	-	-	0.00	-	-
Purchase of Investments	-8.28	-8.17	-17	-5.32	-24	-3.83	-9.25	-7.76	-2.71	-2.77	-6.45
Sale and/or Maturity of Investments	0.00	-	-	-	0.00	-	-	-	0.00	-0.15	-
Other Investing Activities, net	6.69	0.38	-	0.38	6.85	0.49	0.42	9.79	0.00	0.10	-
Net Cash From Financing Activities	-107	7.11	-32	-50	39	-54	-0.25	-42	-16	54	-21
Net Cash From Continuing Financing Activities	-107	7.11	-32	-50	39	-54	-0.25	-42	-16	54	-21
Repayment of Debt	-58	50	13	-1.53	58	-35	14	-37	-22	-74	-197
Repurchase of Common Equity	-50	-51	-50	-50	-25	-25	-25	-15	0.00	-	-15
Issuance of Debt	0.00	-	-	-	0.00	-	-	-	0.00	127	191
Other Financing Activities, net	1.11	8.25	5.49	2.05	5.50	6.64	11	10	6.44	0.36	0.23
Cash Interest Paid	7.96	-6.79	7.11	-7.47	7.79	-7.90	7.93	-7.01	8.46	-6.68	8.55
Cash Income Taxes Paid	1.19	28	49	82	0.68	38	36	76	0.84	32	51

This table presents M/I Homes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,550	4,022	3,715	3,240	2,643	2,106	2,022	1,865	1,549	1,416
Total Current Assets	822	733	312	236	261	6.08	35	18	31	67
Cash & Equivalents	822	733	312	236	261	6.08	22	-	-	-
Plant, Property, & Equipment, net	35	35	37	38	27	22	29	27	22	13
Total Noncurrent Assets	3,694	3,255	3,366	2,966	2,356	2,077	1,957	1,820	1,495	1,335
Long-Term Investments	65	44	52	57	35	38	36	21	28	37
Goodwill	16	16	16	16	16	16	16	0.00	-	-
Noncurrent Deferred & Refundable Income Taxes	13	16	18	10	6.18	9.63	-	-	-	-
Other Noncurrent Operating Assets	3,315	3,002	3,037	2,606	2,064	1,858	1,735	1,799	1,467	1,298
Other Noncurrent Nonoperating Assets	284	176	243	276	234	155	170	-	-	-
Total Liabilities & Shareholders' Equity	4,550	4,022	3,715	3,240	2,643	2,106	2,022	1,865	1,549	1,416
Total Liabilities	1,610	1,506	1,644	1,616	1,384	1,102	1,166	1,117	894	819
Total Current Liabilities	554	456	567	619	484	296	317	312	278	230
Short-Term Debt	286	166	246	266	226	137	153	168	153	124
Accounts Payable	199	205	229	245	186	125	132	117	103	87
Customer Deposits	69	85	93	108	73	34	32	26	22	20
Total Noncurrent Liabilities	1,056	1,050	1,077	997	900	806	850	806	616	589
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	365	415	297	336	339
Other Noncurrent Operating Liabilities	1,056	1,050	1,077	997	900	441	434	509	280	250
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,940	2,517	2,071	1,624	1,259	1,003	855	747	654	597
Total Preferred & Common Equity	2,940	2,517	2,071	1,624	1,259	1,003	855	747	654	597
Total Common Equity	2,940	2,517	2,071	1,624	1,259	1,003	855	747	654	597
Common Stock	349	350	353	348	339	333	331	307	247	242
Retained Earnings	2,865	2,301	1,836	1,345	948	709	581	473	407	355
Treasury Stock	-274	-135	-118	-69	-29	-38	-57	-33	-48	-49

This table presents M/I Homes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,585	4,460	4,340	4,212	4,003	3,862	3,762	3,588
Total Current Assets	776	720	837	870	736	668	543	68
Cash & Equivalents	776	720	837	870	736	668	543	68
Plant, Property, & Equipment, net	34	35	36	33	36	35	37	35
Total Noncurrent Assets	3,775	3,705	3,466	3,309	3,231	3,158	3,182	3,485
Long-Term Investments	71	63	46	59	45	42	49	52
Goodwill	16	16	16	16	16	16	16	16
Noncurrent Deferred & Refundable Income Taxes	13	15	15	15	18	18	18	10
Other Noncurrent Operating Assets	3,436	3,368	3,161	2,983	2,945	2,891	2,872	3,223
Other Noncurrent Nonoperating Assets	239	243	227	235	207	191	227	183
Total Liabilities & Shareholders' Equity	4,585	4,460	4,340	4,212	4,003	3,862	3,762	3,588
Total Liabilities	1,579	1,615	1,599	1,573	1,578	1,563	1,579	1,650
Total Current Liabilities	536	579	595	542	546	549	530	612
Short-Term Debt	228	235	223	224	201	186	224	189
Accounts Payable	229	257	279	225	251	265	208	296
Customer Deposits	79	87	93	93	95	98	98	126
Total Noncurrent Liabilities	1,043	1,035	1,004	1,031	1,031	1,014	1,049	1,038
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	1,043	1,035	1,004	1,031	1,031	1,014	1,049	1,038
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,006	2,845	2,741	2,639	2,426	2,298	2,183	1,938
Total Preferred & Common Equity	3,006	2,845	2,741	2,639	2,426	2,298	2,183	1,938
Total Common Equity	3,006	2,845	2,741	2,639	2,426	2,298	2,183	1,938
Common Stock	343	351	351	348	348	350	350	351
Retained Earnings	2,976	2,732	2,586	2,439	2,196	2,057	1,939	1,706
Treasury Stock	-313	-237	-196	-149	-119	-109	-106	-119

This table displays calculated financial ratios and metrics derived from M/I Homes' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.68%	-2.37%	10.29%	22.97%	21.83%	9.36%	16.53%	16.00%	19.24%	16.72%
EBITDA Growth	20.44%	-4.91%	20.24%	61.97%	66.38%	14.99%	31.08%	27.62%	-0.29%	34.12%
EBIT Growth	20.80%	-5.07%	20.83%	65.58%	71.18%	15.46%	34.45%	31.09%	-3.15%	35.90%
NOPAT Growth	21.14%	-5.82%	19.74%	66.83%	72.34%	16.44%	71.02%	27.33%	0.31%	11.11%
Net Income Growth	21.14%	-5.16%	23.63%	65.45%	88.01%	18.51%	49.36%	27.33%	9.36%	1.92%
EPS Growth	21.59%	-5.97%	29.82%	61.36%	83.71%	21.08%	63.72%	22.83%	9.52%	1.82%
Operating Cash Flow Growth	-67.45%	199.96%	1,194.16%	-109.99%	156.49%	2,632.06%	95.13%	-255.52%	141.52%	37.84%
Free Cash Flow Firm Growth	-46.71%	327.30%	126.95%	-92.31%	1,657.36%	-71.19%	2,651.54%	87.35%	71.77%	-72.02%
Invested Capital Growth	18.83%	1.10%	29.49%	38.41%	-26.92%	9.15%	0.42%	6.88%	9.13%	22.29%
Revenue Q/Q Growth	5.45%	-5.71%	4.17%	4.04%	5.70%	0.79%	4.61%	5.28%	3.32%	7.66%
EBITDA Q/Q Growth	4.58%	-4.14%	2.30%	8.34%	12.95%	3.85%	21.22%	0.50%	3.39%	12.18%
EBIT Q/Q Growth	4.65%	-4.27%	2.55%	8.42%	13.59%	3.98%	23.48%	0.38%	3.36%	13.06%
NOPAT Q/Q Growth	5.26%	-5.25%	2.41%	9.17%	13.13%	7.57%	35.26%	-6.10%	4.64%	14.07%
Net Income Q/Q Growth	5.26%	-5.12%	3.59%	9.16%	19.00%	7.93%	18.13%	-6.10%	14.77%	4.63%
EPS Q/Q Growth	5.80%	-5.76%	4.87%	8.85%	18.59%	7.69%	19.74%	-6.22%	15.00%	4.35%
Operating Cash Flow Q/Q Growth	38.00%	-20.61%	5,363.67%	73.40%	-35.72%	-10.71%	95.84%	8.82%	-13.06%	31.92%
Free Cash Flow Firm Q/Q Growth	100.65%	-34.08%	-71.86%	117.65%	23.02%	-84.91%	146.21%	-110.88%	-87.91%	12.02%
Invested Capital Q/Q Growth	0.02%	5.59%	-6.22%	-22.88%	-11.15%	-2.71%	-16.60%	9.56%	5.83%	4.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.61%	25.26%	25.27%	24.26%	22.48%	19.77%	19.66%	20.44%	100.00%	100.00%
EBITDA Margin	16.70%	15.49%	15.90%	14.58%	11.07%	8.11%	7.71%	6.86%	6.23%	7.45%
Operating Margin	16.29%	15.06%	15.48%	14.13%	10.50%	7.47%	7.08%	6.13%	5.43%	6.68%
EBIT Margin	16.29%	15.06%	15.48%	14.13%	10.50%	7.47%	7.08%	6.13%	5.43%	6.68%
Profit (Net Income) Margin	12.51%	11.54%	11.88%	10.59%	7.87%	5.10%	4.71%	3.67%	3.35%	3.65%
Tax Burden Percent	76.84%	76.63%	77.24%	77.95%	77.37%	76.85%	76.20%	59.91%	61.68%	59.55%
Interest Burden Percent	100.00%	100.00%	99.30%	96.17%	96.97%	88.89%	87.34%	100.00%	100.00%	91.73%
Effective Tax Rate	23.16%	23.37%	22.76%	22.05%	22.63%	23.15%	23.80%	40.09%	38.32%	40.45%
Return on Invested Capital (ROIC)	29.79%	27.05%	32.59%	36.27%	21.88%	11.47%	10.32%	6.25%	5.30%	6.08%
ROIC Less NNEP Spread (ROIC-NNEP)	29.79%	27.05%	33.64%	41.48%	1,046.82%	6.52%	6.35%	6.25%	5.30%	4.77%
Return on Net Nonoperating Assets (RNNOA)	-9.13%	-6.76%	-6.04%	-8.74%	-0.68%	2.26%	3.11%	4.04%	3.75%	3.00%
Return on Equity (ROE)	20.66%	20.29%	26.56%	27.53%	21.21%	13.73%	13.44%	10.29%	9.05%	9.07%
Cash Return on Invested Capital (CROIC)	12.57%	25.96%	6.89%	4.05%	52.99%	2.72%	9.91%	-0.40%	-3.43%	-13.98%
Operating Return on Assets (OROA)	17.12%	15.70%	18.40%	18.00%	13.47%	9.05%	8.33%	7.05%	6.19%	7.23%
Return on Assets (ROA)	13.15%	12.03%	14.11%	13.49%	10.10%	6.18%	5.54%	4.22%	3.82%	3.95%
Return on Common Equity (ROCE)	20.66%	20.29%	26.56%	27.53%	21.21%	13.73%	13.44%	10.29%	9.05%	9.07%
Return on Equity Simple (ROE_SIMPLE)	19.18%	18.49%	23.70%	24.43%	19.06%	12.71%	12.59%	9.65%	8.65%	8.68%
Net Operating Profit after Tax (NOPAT)	564	465	494	413	247	144	123	72	57	56
NOPAT Margin	12.51%	11.54%	11.96%	11.02%	8.12%	5.74%	5.39%	3.67%	3.35%	3.98%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-1.05%	-5.21%	-1,024.94%	4.95%	3.97%	0.00%	0.00%	1.30%
Return On Investment Capital (ROIC_SIMPLE)	17.48%	17.35%	21.33%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	73.39%	74.74%	74.73%	75.74%	77.52%	80.23%	80.34%	79.56%	0.00%	0.00%
SG&A Expenses to Revenue	10.94%	10.70%	9.84%	10.43%	11.72%	12.09%	12.27%	12.98%	13.03%	13.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.33%	10.21%	9.78%	10.13%	11.98%	12.30%	12.59%	14.30%	94.57%	93.32%
Earnings before Interest and Taxes (EBIT)	734	607	640	529	320	187	162	120	92	95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	752	625	657	546	337	203	176	134	105	106
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.23	1.52	0.61	1.11	1.01	1.10	0.69	1.27	0.95	0.91
Price to Tangible Book Value (P/TBV)	1.24	1.53	0.62	1.13	1.02	1.12	0.70	1.27	0.95	0.91
Price to Revenue (P/Rev)	0.80	0.95	0.31	0.48	0.42	0.44	0.26	0.48	0.37	0.38
Price to Earnings (P/E)	6.42	8.24	2.58	4.36	5.31	8.68	5.45	14.31	12.01	11.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	15.59%	12.13%	38.74%	22.94%	18.84%	11.52%	18.34%	6.99%	8.33%	8.68%
Enterprise Value to Invested Capital (EV/IC)	1.47	1.86	0.67	1.35	1.26	1.20	0.92	1.17	0.97	0.94
Enterprise Value to Revenue (EV/Rev)	0.67	0.80	0.28	0.48	0.40	0.63	0.48	0.71	0.64	0.68
Enterprise Value to EBITDA (EV/EBITDA)	4.01	5.16	1.75	3.26	3.57	7.72	6.23	10.34	10.27	9.13
Enterprise Value to EBIT (EV/EBIT)	4.11	5.31	1.80	3.37	3.76	8.38	6.79	11.56	11.79	10.19
Enterprise Value to NOPAT (EV/NOPAT)	5.35	6.93	2.33	4.32	4.86	10.91	8.91	19.30	19.11	17.11
Enterprise Value to Operating Cash Flow (EV/OCF)	16.78	5.84	6.24	0.00	7.15	23.85	0.00	0.00	31.64	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	12.67	7.22	11.00	38.70	2.01	45.93	9.28	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.07	0.12	0.16	0.18	0.50	0.66	0.62	0.75	0.77
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.36	0.49	0.40	0.51	0.57
Financial Leverage	-0.31	-0.25	-0.18	-0.21	0.00	0.35	0.49	0.65	0.71	0.63
Leverage Ratio	1.57	1.69	1.88	2.04	2.10	2.22	2.43	2.44	2.37	2.30
Compound Leverage Factor	1.57	1.69	1.87	1.96	2.04	1.97	2.12	2.44	2.37	2.11
Debt to Total Capital	8.87%	6.18%	10.61%	14.08%	15.20%	33.34%	39.93%	38.36%	42.77%	43.65%
Short-Term Debt to Total Capital	8.87%	6.18%	10.61%	14.08%	15.20%	9.09%	10.76%	13.87%	13.38%	11.68%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	24.25%	29.17%	24.48%	29.39%	31.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.13%	93.82%	89.39%	85.92%	84.80%	66.66%	60.07%	61.64%	57.23%	56.35%
Debt to EBITDA	0.38	0.27	0.37	0.49	0.67	2.48	3.22	3.46	4.64	4.37
Net Debt to EBITDA	-0.80	-0.98	-0.18	-0.05	-0.21	2.26	2.90	3.30	4.37	4.02
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	1.80	2.36	2.21	3.19	3.20
Debt to NOPAT	0.51	0.36	0.50	0.64	0.91	3.50	4.61	6.45	8.64	8.19
Net Debt to NOPAT	-1.07	-1.31	-0.24	-0.07	-0.28	3.19	4.15	6.17	8.14	7.53
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	2.54	3.37	4.12	5.94	6.00
Altman Z-Score	3.82	3.91	2.75	2.81	2.50	2.39	1.93	1.94	1.88	1.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.48	1.61	0.55	0.38	0.54	0.02	0.11	0.06	0.11	0.29
Quick Ratio	1.48	1.61	0.55	0.38	0.54	0.02	0.07	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	238	447	105	46	599	34	118	-4.64	-37	-130
Operating Cash Flow to CapEx	2,135.39%	9,570.65%	1,972.26%	-100.56%	1,441.59%	0.00%	-31.84%	-604.43%	260.93%	-2,251.02%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	21.36	61.85	1.59	5.78	0.00	0.00	-16.55
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-7.80	17.38	3.07	-0.13	0.00	0.00	-10.50
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-15.56	16.18	3.15	-0.52	0.00	0.00	-10.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.05	1.04	1.19	1.27	1.28	1.21	1.18	1.15	1.14	1.08
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	129.76	111.48	110.03	116.59	125.02	97.07	81.35	79.89	96.11	116.32
Accounts Payable Turnover	16.40	13.92	13.05	13.19	15.20	15.64	14.77	14.16	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.26	26.23	27.96	27.67	24.01	23.34	24.72	25.77	0.00	0.00
Cash Conversion Cycle (CCC)	-22.26	-26.23	-27.96	-27.67	-24.01	-23.34	-24.72	-25.77	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,055	1,730	1,711	1,321	955	1,306	1,197	1,192	1,115	1,022
Invested Capital Turnover	2.38	2.34	2.73	3.29	2.69	2.00	1.91	1.70	1.58	1.53
Increase / (Decrease) in Invested Capital	326	19	390	367	-352	109	4.96	77	93	186
Enterprise Value (EV)	3,016	3,225	1,149	1,782	1,203	1,565	1,098	1,391	1,082	966
Market Capitalization	3,617	3,836	1,267	1,809	1,273	1,107	587	947	621	540
Book Value per Share	$108.06	$90.38	$75.49	$55.81	$43.79	$35.66	$30.63	$27.15	$26.52	$24.20
Tangible Book Value per Share	$107.45	$89.79	$74.90	$55.25	$43.22	$35.07	$30.04	$27.15	$26.52	$24.20
Total Capital	3,226	2,683	2,316	1,890	1,484	1,505	1,424	1,212	1,143	1,059
Total Debt	286	166	246	266	226	502	568	465	489	462
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	365	415	297	336	339
Net Debt	-601	-611	-117	-27	-70	458	511	444	461	425
Capital Expenditures (CapEx)	8.42	5.77	9.33	17	12	-1.78	8.14	8.80	13	3.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-268	-290	-322	-352	-258	-159	-150	-125	-94	-39
Debt-free Net Working Capital (DFNWC)	554	443	-10	-116	2.51	-153	-129	-125	-94	-39
Net Working Capital (NWC)	268	277	-256	-382	-223	-290	-282	-293	-247	-163
Net Nonoperating Expense (NNE)	0.00	0.00	3.48	16	7.49	16	16	0.00	0.00	4.67
Net Nonoperating Obligations (NNO)	-884	-787	-360	-303	-304	303	341	444	461	425
Total Depreciation and Amortization (D&A)	19	17	17	17	18	16	15	14	14	11
Debt-free, Cash-free Net Working Capital to Revenue	-5.95%	-7.19%	-7.79%	-9.41%	-8.48%	-6.38%	-6.56%	-6.38%	-5.59%	-2.75%
Debt-free Net Working Capital to Revenue	12.29%	10.98%	-0.25%	-3.10%	0.08%	-6.14%	-5.62%	-6.38%	-5.59%	-2.75%
Net Working Capital to Revenue	5.94%	6.87%	-6.19%	-10.20%	-7.32%	-11.61%	-12.32%	-14.95%	-14.63%	-11.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$20.29	$16.76	$17.60	$13.64	$8.38	$4.58	$3.81	$2.57	$2.10	$1.91
Adjusted Weighted Average Basic Shares Outstanding	27.78M	27.77M	27.88M	29.09M	28.61M	27.85M	28.23M	25.77M	24.67M	24.58M
Adjusted Diluted Earnings per Share	$19.71	$16.21	$17.24	$13.28	$8.23	$4.48	$3.70	$2.26	$1.84	$1.68
Adjusted Weighted Average Diluted Shares Outstanding	28.60M	28.72M	28.46M	29.88M	29.15M	28.48M	29.18M	30.69M	30.12M	30.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$4.58	$3.81	$2.57	$2.10	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.11M	27.81M	27.67M	28.46M	29.11M	28.58M	27.52M	27.87M	24.76M	24.66M
Normalized Net Operating Profit after Tax (NOPAT)	564	465	494	406	254	147	129	77	59	59
Normalized NOPAT Margin	12.51%	11.54%	11.96%	10.83%	8.33%	5.89%	5.64%	3.91%	3.49%	4.13%
Pre Tax Income Margin	16.29%	15.06%	15.38%	13.59%	10.18%	6.64%	6.18%	6.13%	5.43%	6.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	245.55	33.02	8.74	7.90	0.00	0.00	12.09
NOPAT to Interest Expense	0.00	0.00	0.00	191.42	25.54	6.72	6.02	0.00	0.00	7.20
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	237.79	31.81	8.82	7.50	0.00	0.00	11.62
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	183.66	24.34	6.80	5.62	0.00	0.00	6.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.07%	8.61%	9.42%
Augmented Payout Ratio	31.39%	14.04%	11.28%	12.98%	0.80%	4.04%	23.88%	5.07%	8.61%	9.42%

This table displays calculated financial ratios and metrics derived from M/I Homes' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.75%	23.92%	9.23%	9.44%	4.61%	-20.08%	3.30%	-2.56%	16.23%	15.71%	12.01%
EBITDA Growth	-18.30%	23.11%	6.20%	24.51%	31.58%	-17.01%	6.14%	-14.71%	11.03%	9.40%	33.64%
EBIT Growth	-18.93%	23.62%	6.02%	24.96%	32.55%	-17.53%	6.38%	-15.04%	11.23%	10.49%	33.58%
NOPAT Growth	-19.43%	26.77%	4.63%	24.36%	33.95%	-20.76%	5.20%	-14.09%	12.22%	9.40%	34.68%
Net Income Growth	-19.43%	26.77%	4.63%	24.36%	33.95%	-19.26%	5.64%	-13.77%	12.22%	15.00%	44.59%
EPS Growth	-16.74%	29.75%	5.81%	24.27%	31.32%	-21.43%	3.21%	-13.99%	15.19%	20.94%	54.13%
Operating Cash Flow Growth	-43.95%	90.15%	-185.42%	-83.45%	-53.97%	-72.30%	185.81%	1,703.67%	262.78%	1,031.52%	55.47%
Free Cash Flow Firm Growth	-1,312.85%	-322.36%	-183.45%	-213.14%	151.16%	133.68%	1,444.11%	-34.02%	-134.83%	-4.72%	103.90%
Invested Capital Growth	26.48%	18.83%	25.45%	17.00%	6.93%	1.10%	-10.21%	0.62%	11.02%	29.49%	6.48%
Revenue Q/Q Growth	-19.02%	5.46%	2.99%	6.03%	7.62%	-7.05%	3.19%	1.35%	-17.79%	20.15%	-2.66%
EBITDA Q/Q Growth	-13.95%	-9.37%	-2.65%	7.60%	29.66%	-21.81%	14.14%	13.71%	-17.13%	0.00%	-8.29%
EBIT Q/Q Growth	-14.33%	-9.60%	-2.82%	7.71%	30.63%	-22.47%	14.55%	14.25%	-17.61%	0.00%	-8.51%
NOPAT Q/Q Growth	-16.66%	-8.24%	-0.88%	6.29%	31.13%	-24.27%	17.81%	14.49%	-21.37%	0.54%	-3.80%
Net Income Q/Q Growth	-16.66%	-8.24%	-0.88%	6.29%	31.13%	-24.27%	17.81%	14.49%	-20.96%	-0.91%	-3.84%
EPS Q/Q Growth	-15.50%	-7.65%	-0.39%	7.11%	31.68%	-24.69%	16.99%	13.19%	-21.21%	-1.07%	-2.51%
Operating Cash Flow Q/Q Growth	-37.84%	253.65%	-346.96%	-76.24%	110.87%	-30.98%	-52.14%	-33.92%	26.88%	313.85%	-1,105.96%
Free Cash Flow Firm Q/Q Growth	-76.10%	29.17%	-121.56%	-538.90%	-67.71%	-73.42%	200.39%	298.46%	78.89%	-1,318.66%	-87.16%
Invested Capital Q/Q Growth	4.54%	0.02%	10.90%	9.08%	-1.79%	5.59%	3.43%	-0.31%	-7.14%	-6.22%	15.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.90%	24.63%	27.07%	27.87%	27.07%	25.13%	26.92%	25.46%	23.45%	22.56%	26.84%
EBITDA Margin	15.46%	14.55%	16.93%	17.91%	17.65%	14.65%	17.41%	15.74%	14.03%	14.10%	16.95%
Operating Margin	14.97%	14.15%	16.51%	17.49%	17.22%	14.19%	17.01%	15.32%	13.59%	13.75%	16.52%
EBIT Margin	14.97%	14.15%	16.51%	17.49%	17.22%	14.19%	17.01%	15.32%	13.59%	13.75%	16.52%
Profit (Net Income) Margin	11.40%	11.07%	12.73%	13.22%	13.19%	10.82%	13.29%	11.64%	10.30%	10.71%	12.99%
Tax Burden Percent	76.13%	78.25%	77.09%	75.59%	76.60%	76.31%	78.11%	75.95%	75.79%	79.42%	78.99%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	98.14%	99.58%
Effective Tax Rate	23.87%	21.75%	22.91%	24.41%	23.40%	23.69%	21.89%	24.05%	24.21%	20.58%	21.01%
Return on Invested Capital (ROIC)	26.27%	26.36%	29.44%	32.13%	32.74%	25.38%	32.83%	31.28%	29.14%	29.75%	29.25%
ROIC Less NNEP Spread (ROIC-NNEP)	26.27%	26.36%	29.44%	32.13%	32.74%	25.38%	32.83%	31.28%	29.14%	30.50%	27.25%
Return on Net Nonoperating Assets (RNNOA)	-8.37%	-8.07%	-8.81%	-10.22%	-10.42%	-6.35%	-6.78%	-7.29%	-6.50%	-5.47%	0.43%
Return on Equity (ROE)	17.90%	18.28%	20.63%	21.91%	22.32%	19.03%	26.05%	24.00%	22.64%	24.28%	29.69%
Cash Return on Invested Capital (CROIC)	4.53%	12.57%	6.42%	15.12%	23.74%	25.96%	39.13%	30.06%	22.92%	6.89%	21.00%
Operating Return on Assets (OROA)	15.09%	14.87%	16.67%	17.81%	17.62%	14.79%	19.17%	17.68%	16.42%	16.33%	19.75%
Return on Assets (ROA)	11.49%	11.64%	12.85%	13.46%	13.50%	11.29%	14.97%	13.43%	12.45%	12.73%	15.53%
Return on Common Equity (ROCE)	17.90%	18.28%	20.63%	21.91%	22.32%	19.03%	26.05%	24.00%	22.64%	24.28%	29.69%
Return on Equity Simple (ROE_SIMPLE)	17.86%	0.00%	18.82%	19.30%	18.96%	0.00%	20.22%	21.02%	22.99%	0.00%	24.44%
Net Operating Profit after Tax (NOPAT)	111	133	145	147	138	105	139	118	103	133	132
NOPAT Margin	11.40%	11.07%	12.73%	13.22%	13.19%	10.82%	13.29%	11.64%	10.30%	10.92%	13.05%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.74%	2.00%
Return On Investment Capital (ROIC_SIMPLE)	3.44%	4.14%	-	-	-	3.92%	-	-	-	5.74%	-
Cost of Revenue to Revenue	74.10%	75.37%	72.93%	72.13%	72.93%	74.87%	73.08%	74.54%	76.55%	77.44%	73.16%
SG&A Expenses to Revenue	11.46%	11.02%	11.15%	11.04%	10.51%	11.78%	10.47%	10.60%	10.00%	9.05%	10.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.93%	10.48%	10.57%	10.38%	9.85%	10.94%	9.92%	10.14%	9.86%	8.81%	10.33%
Earnings before Interest and Taxes (EBIT)	146	171	189	194	180	138	178	155	136	167	167
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	151	175	193	199	185	142	182	160	140	172	172
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	1.23	1.65	1.24	1.44	1.52	0.96	1.06	0.80	0.61	0.52
Price to Tangible Book Value (P/TBV)	1.04	1.24	1.66	1.24	1.45	1.53	0.97	1.06	0.81	0.62	0.52
Price to Revenue (P/Rev)	0.70	0.80	1.10	0.81	0.93	0.95	0.55	0.57	0.41	0.31	0.25
Price to Earnings (P/E)	5.77	6.42	8.77	6.41	7.59	8.24	4.76	5.02	3.48	2.58	2.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	17.34%	15.59%	11.40%	15.61%	13.18%	12.13%	20.99%	19.91%	28.75%	38.74%	47.09%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.47	2.02	1.47	1.82	1.86	1.07	1.20	0.87	0.67	0.59
Enterprise Value to Revenue (EV/Rev)	0.56	0.67	0.97	0.65	0.76	0.80	0.41	0.45	0.32	0.28	0.27
Enterprise Value to EBITDA (EV/EBITDA)	3.45	4.01	5.77	3.85	4.62	5.16	2.69	2.97	2.06	1.75	1.68
Enterprise Value to EBIT (EV/EBIT)	3.54	4.11	5.92	3.95	4.74	5.31	2.77	3.05	2.12	1.80	1.72
Enterprise Value to NOPAT (EV/NOPAT)	4.61	5.35	7.75	5.16	6.18	6.93	3.57	3.93	2.74	2.33	2.23
Enterprise Value to Operating Cash Flow (EV/OCF)	19.22	16.78	31.86	9.83	7.42	5.84	2.52	3.64	3.76	6.24	319.29
Enterprise Value to Free Cash Flow (EV/FCFF)	28.45	12.67	34.99	10.50	7.92	7.22	2.59	4.01	3.98	11.00	2.90
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.10	0.08	0.08	0.09	0.07	0.08	0.08	0.10	0.12	0.10
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.32	-0.31	-0.30	-0.32	-0.32	-0.25	-0.21	-0.23	-0.22	-0.18	0.02
Leverage Ratio	1.56	1.57	1.61	1.63	1.65	1.69	1.74	1.79	1.82	1.88	1.91
Compound Leverage Factor	1.56	1.57	1.61	1.63	1.65	1.69	1.74	1.79	1.82	1.85	1.90
Debt to Total Capital	7.05%	8.87%	7.64%	7.52%	7.83%	6.18%	7.64%	7.50%	9.29%	10.61%	8.90%
Short-Term Debt to Total Capital	7.05%	8.87%	7.64%	7.52%	7.83%	6.18%	7.64%	7.50%	9.29%	10.61%	8.90%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.95%	91.13%	92.36%	92.48%	92.17%	93.82%	92.36%	92.50%	90.71%	89.39%	91.10%
Debt to EBITDA	0.32	0.38	0.33	0.31	0.34	0.27	0.31	0.29	0.33	0.37	0.29
Net Debt to EBITDA	-0.86	-0.80	-0.76	-0.93	-1.05	-0.98	-0.89	-0.82	-0.55	-0.18	0.11
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.42	0.51	0.44	0.42	0.45	0.36	0.41	0.38	0.44	0.50	0.39
Net Debt to NOPAT	-1.15	-1.07	-1.02	-1.25	-1.41	-1.31	-1.18	-1.08	-0.73	-0.24	0.14
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.22	3.41	3.74	3.28	3.46	3.53	2.93	2.95	2.64	2.33	2.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.48	1.24	1.41	1.61	1.61	1.35	1.22	1.02	0.55	0.11
Quick Ratio	1.45	1.48	1.24	1.41	1.61	1.61	1.35	1.22	1.02	0.55	0.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-339	-192	-271	-123	28	86	325	108	-55	-257	21
Operating Cash Flow to CapEx	4,845.93%	5,050.56%	-11,714.14%	500.75%	41,946.38%	4,749.22%	3,193.14%	386,488.37%	12,097.11%	3,633.73%	-7,821.86%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	30.06
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-132.22
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-133.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.01	1.05	1.01	1.02	1.02	1.04	1.13	1.15	1.21	1.19	1.20
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	132.93	129.76	120.80	116.09	115.63	111.48	120.11	118.49	115.13	110.03	134.76
Accounts Payable Turnover	14.39	16.40	12.31	11.25	13.90	13.92	11.80	10.79	13.09	13.05	11.28
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	25.36	22.26	29.64	32.45	26.26	26.23	30.93	33.82	27.88	27.96	32.36
Cash Conversion Cycle (CCC)	-25.36	-22.26	-29.64	-32.45	-26.26	-26.23	-30.93	-33.82	-27.88	-27.96	-32.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,149	2,055	2,055	1,853	1,699	1,730	1,638	1,584	1,589	1,711	1,824
Invested Capital Turnover	2.31	2.38	2.31	2.43	2.48	2.34	2.47	2.69	2.83	2.73	2.24
Increase / (Decrease) in Invested Capital	450	326	417	269	110	19	-186	9.70	158	390	111
Enterprise Value (EV)	2,477	3,016	4,150	2,729	3,090	3,225	1,756	1,903	1,378	1,149	1,076
Market Capitalization	3,096	3,617	4,697	3,390	3,795	3,836	2,336	2,426	1,746	1,267	1,006
Book Value per Share	$110.88	$108.06	$103.80	$98.77	$94.07	$90.38	$87.26	$82.59	$78.91	$75.49	$69.80
Tangible Book Value per Share	$110.27	$107.45	$103.20	$98.18	$93.48	$89.79	$86.67	$82.00	$78.31	$74.90	$69.21
Total Capital	3,234	3,226	3,081	2,964	2,863	2,683	2,626	2,485	2,407	2,316	2,127
Total Debt	228	286	235	223	224	166	201	186	224	246	189
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-619	-601	-548	-661	-705	-611	-580	-524	-368	-117	70
Capital Expenditures (CapEx)	1.34	2.07	0.58	5.49	0.28	1.16	2.49	0.04	2.08	5.46	1.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-308	-268	-344	-372	-317	-290	-346	-363	-306	-322	-423
Debt-free Net Working Capital (DFNWC)	469	554	376	465	553	443	391	306	236	-10	-355
Net Working Capital (NWC)	241	268	140	243	328	277	190	119	13	-256	-544
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.47	0.55
Net Nonoperating Obligations (NNO)	-858	-884	-790	-888	-940	-787	-788	-715	-595	-360	-113
Total Depreciation and Amortization (D&A)	4.78	4.81	4.82	4.61	4.47	4.48	4.23	4.27	4.40	4.35	4.35
Debt-free, Cash-free Net Working Capital to Revenue	-6.94%	-5.95%	-8.05%	-8.91%	-7.78%	-7.19%	-8.08%	-8.55%	-7.17%	-7.79%	-10.66%
Debt-free Net Working Capital to Revenue	10.57%	12.29%	8.80%	11.14%	13.55%	10.98%	9.13%	7.20%	5.53%	-0.25%	-8.95%
Net Working Capital to Revenue	5.43%	5.94%	3.29%	5.81%	8.05%	6.87%	4.44%	2.81%	0.30%	-6.19%	-13.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.07	$4.85	$5.26	$5.26	$4.92	$3.80	$4.98	$4.25	$3.73	$4.73	$4.76
Adjusted Weighted Average Basic Shares Outstanding	27.31M	27.78M	27.64M	27.88M	28.05M	27.77M	27.91M	27.79M	27.60M	27.88M	27.62M
Adjusted Diluted Earnings per Share	$3.98	$4.71	$5.10	$5.12	$4.78	$3.63	$4.82	$4.12	$3.64	$4.62	$4.67
Adjusted Weighted Average Diluted Shares Outstanding	27.94M	28.60M	28.53M	28.67M	28.89M	28.72M	28.84M	28.62M	28.31M	28.46M	28.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.78M	27.11M	27.21M	27.41M	27.75M	27.81M	27.85M	27.80M	27.83M	27.67M	27.43M
Normalized Net Operating Profit after Tax (NOPAT)	111	133	145	147	138	105	139	118	103	133	132
Normalized NOPAT Margin	11.40%	11.07%	12.73%	13.22%	13.19%	10.82%	13.29%	11.64%	10.30%	10.92%	13.05%
Pre Tax Income Margin	14.97%	14.15%	16.51%	17.49%	17.22%	14.19%	17.01%	15.32%	13.59%	13.49%	16.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	238.65
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	188.51
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	236.96
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	186.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	37.57%	31.39%	28.18%	23.76%	18.11%	14.04%	8.21%	6.27%	7.96%	11.28%	19.29%

Frequently Asked Questions About M/I Homes' Financials

When does M/I Homes's fiscal year end?

According to the most recent income statement we have on file, M/I Homes' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has M/I Homes' net income changed over the last 9 years?

M/I Homes' net income appears to be on an upward trend, with a most recent value of $563.73 million in 2024, rising from $51.76 million in 2015. The previous period was $465.37 million in 2023. See M/I Homes' forecast for analyst expectations on what’s next for the company.

What is M/I Homes's operating income?

M/I Homes's total operating income in 2024 was $733.61 million, based on the following breakdown:

Total Gross Profit: $1.20 billion
Total Operating Expenses: $465.28 million

How has M/I Homes revenue changed over the last 9 years?

Over the last 9 years, M/I Homes' total revenue changed from $1.42 billion in 2015 to $4.50 billion in 2024, a change of 217.6%.

How much debt does M/I Homes have?

M/I Homes' total liabilities were at $1.61 billion at the end of 2024, a 6.9% increase from 2023, and a 96.6% increase since 2015.

How much cash does M/I Homes have?

In the past 9 years, M/I Homes' cash and equivalents has ranged from $0.00 in 2015 to $821.57 million in 2024, and is currently $821.57 million as of their latest financial filing in 2024.

How has M/I Homes' book value per share changed over the last 9 years?

Over the last 9 years, M/I Homes' book value per share changed from 24.20 in 2015 to 108.06 in 2024, a change of 346.5%.

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This page (NYSE:MHO) was last updated on 5/21/2025 by MarketBeat.com Staff

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M/I Homes (MHO) Financials

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