Free Trial
→ Every Starlink dish pays this stock (From Behind the Markets) (Ad)tc pixel Free MHO Stock Alerts

M/I Homes (MHO) Financials

M/I Homes logo
$127.29 +0.64 (+0.51%)
Closing price 11/13/2026 03:59 PM Eastern
Extended Trading
$127.04 -0.25 (-0.19%)
As of 11/13/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for M/I Homes

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 47 52 66 108 128 240 415 491 -3,588 564 -4,083
Consolidated Net Income / (Loss)		 52 57 72 108 128 240 397 491 -3,588 564 -4,083
Net Income / (Loss) Continuing Operations		 52 57 72 108 128 240 415 491 -3,588 564 -4,083
Total Pre-Tax Income 		87 92 120 141 166 310 509 635 -3,446 734 -3,959
Total Operating Income		 95 92 120 162 187 320 529 640 -3,446 734 -3,959
Total Gross Profit		 1,418 1,691 401 450 494 685 909 1,044 -3,015 1,199 -3,401
Total Revenue		 1,418 1,691 1,962 2,286 2,500 3,046 3,746 4,131 0.00 4,505 0.00
Total Cost of Revenue		 0.00 0.00 1,561 1,837 2,006 2,361 2,837 3,088 3,015 3,306 3,401
Operating Cost of Revenue		 - - 1,561 1,837 2,006 2,361 2,837 3,088 3,015 3,306 3,401
Total Operating Expenses		 1,324 1,600 281 288 308 365 380 404 432 465 558
Selling, General & Admin Expense		 188 220 255 281 302 357 391 406 432 493 511
Other Operating Expenses / (Income)		 1,132 1,375 18 -0.31 0.31 -0.47 -2.05 -2.26 -0.03 -28 0.00
Impairment Charge		 3.64 3.99 7.68 5.81 5.00 8.44 0.00 0.00 0.00 0.00 48
Restructuring Charge		 - 0.00 0.00 1.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Other Income / (Expense), net		 -7.84 0.00 0.00 -20 -21 -9.68 -2.16 0.00 0.00 0.00 0.00
Income Tax Expense		 35 35 48 34 38 70 112 145 142 170 124
Basic Earnings per Share		 $1.91 $2.10 $2.57 $3.81 $4.58 $8.38 $13.64 $17.60 $16.76 $20.29 $15.07
Weighted Average Basic Shares Outstanding		 24.58M 24.67M 25.77M 28.23M 27.85M 28.61M 29.09M 27.88M 27.77M 27.78M 26.73M
Diluted Earnings per Share		 $1.68 $1.84 $2.26 $3.70 $4.48 $8.23 $13.28 $17.24 $16.21 $19.71 $14.74
Weighted Average Diluted Shares Outstanding		 30.05M 30.12M 30.69M 29.18M 28.48M 29.15M 29.88M 28.46M 28.72M 28.60M 27.34M
Weighted Average Basic & Diluted Shares Outstanding		 24.50M 24.60M 25.70M 28.30M 28.58M 29.11M 28.46M 27.67M 27.81M 27.11M 25.77M

Quarterly Income Statements for M/I Homes

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 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 138 147 145 133 111 121 106 -4,422 68 -987 67
Consolidated Net Income / (Loss)		 138 147 145 133 111 121 106 -4,422 68 -987 67
Net Income / (Loss) Continuing Operations		 138 147 145 133 111 121 106 -4,422 68 -987 67
Total Pre-Tax Income 		180 194 189 171 146 160 140 -4,405 89 -962 87
Total Operating Income		 180 194 189 171 146 160 140 -4,405 89 -962 87
Total Gross Profit		 283 309 309 297 253 287 278 -4,218 203 -828 229
Total Revenue		 1,047 1,110 1,143 1,205 976 1,163 1,132 -3,270 921 0.00 1,076
Operating Revenue		 1,047 1,110 1,143 1,205 976 1,163 1,132 - 921 - 1,076
Total Cost of Revenue		 763 801 833 908 723 876 854 947 718 828 847
Operating Cost of Revenue		 763 801 833 908 723 876 854 947 718 828 847
Total Operating Expenses		 103 115 121 126 107 127 138 187 113 134 142
Selling, General & Admin Expense		 110 122 127 133 112 131 135 133 117 134 141
Other Operating Expenses / (Income)		 -6.92 -7.35 -6.68 -6.57 -5.20 -4.38 -4.55 14 -3.11 0.00 -3.58
Impairment Charge		 0.00 0.00 0.00 - 0.00 0.00 7.58 40 0.00 0.00 4.72
Restructuring Charge		 0.00 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 0.00 0.00
Income Tax Expense		 42 47 43 37 35 39 33 17 21 25 20
Basic Earnings per Share		 $4.92 $5.26 $5.26 $4.85 $4.07 $4.52 $4.01 $2.47 $2.61 $3.08 $2.62
Weighted Average Basic Shares Outstanding		 28.05M 27.88M 27.64M 27.78M 27.31M 26.84M 26.54M 26.73M 26.01M 25.67M 25.43M
Diluted Earnings per Share		 $4.78 $5.12 $5.10 $4.71 $3.98 $4.42 $3.92 $2.42 $2.55 $3.02 $2.56
Weighted Average Diluted Shares Outstanding		 28.89M 28.67M 28.53M 28.60M 27.94M 27.41M 27.19M 27.34M 26.56M 26.19M 25.95M
Weighted Average Basic & Diluted Shares Outstanding		 27.75M 27.41M 27.21M 27.11M 26.78M 26.39M 26.15M 25.77M 25.59M 25.28M 25.03M

Annual Cash Flow Statements for M/I Homes

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -9.39 21 117 -130 -15 255 -24 75 421 89 -132
Net Cash From Operating Activities		 -82 34 -53 -2.59 66 168 -17 184 552 180 137
Net Cash From Continuing Operating Activities		 -144 -17 -53 -2.59 66 168 -17 184 552 180 137
Net Income / (Loss) Continuing Operations		 52 57 72 108 128 240 397 491 465 564 403
Consolidated Net Income / (Loss)		 52 57 72 108 128 240 397 491 465 564 403
Depreciation Expense		 6.61 8.55 9.63 11 12 13 13 13 13 14 16
Amortization Expense		 4.32 5.05 4.54 3.58 4.26 4.94 4.22 4.19 4.45 4.56 4.52
Non-Cash Adjustments To Reconcile Net Income		 -28 -13 -10 7.63 20 -69 -50 51 75 -97 28
Changes in Operating Assets and Liabilities, net		 -178 -75 -129 -132 -98 -20 -380 -375 -5.18 -306 -313
Net Cash From Investing Activities		 -41 -32 -9.16 -134 -28 -34 -52 -27 -19 -55 -60
Net Cash From Continuing Investing Activities		 43 12 -9.16 -134 -28 -34 -52 -27 -19 -55 -60
Purchase of Property, Plant & Equipment		 -3.66 -13 -8.80 -8.14 -4.53 -12 -25 -9.33 -5.77 -8.42 -9.61
Acquisitions		 -24 0.00 0.00 -101 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Purchase of Investments		 -18 -22 -12 -32 -30 -29 -52 -20 -24 -54 -59
Sale of Property, Plant & Equipment		 - - 0.00 0.00 6.31 0.00 8.57 0.00 0.00 0.00 0.00
Sale and/or Maturity of Investments		 - - 3.52 0.68 0.81 2.48 1.21 1.89 0.00 0.00 2.00
Other Investing Activities, net		 4.29 3.21 8.21 6.34 0.00 3.87 15 0.20 11 7.62 7.06
Net Cash From Financing Activities		 114 19 180 6.38 -53 120 44 -82 -112 -36 -210
Net Cash From Continuing Financing Activities		 943 739 180 6.38 -53 120 44 -82 -112 -36 -210
Repayment of Debt		 -637 -357 -445 -635 -764 -595 -216 -390 -81 120 -16
Repurchase of Common Equity		 - 0.00 0.00 -26 -5.15 -1.91 -52 -55 -65 -177 -202
Issuance of Debt		 756 381 668 667 697 707 300 362 0.00 0.00 0.00
Other Financing Activities, net		 1.04 0.18 11 0.54 20 9.91 11 1.37 34 21 8.35
Cash Interest Paid		 15 6.60 10 18 19 7.81 1.96 1.89 1.48 0.64 0.82
Cash Income Taxes Paid		 2.31 2.27 37 25 37 64 110 155 151 160 131

Quarterly Cash Flow Statements for M/I Homes

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 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 137 -33 -118 102 -45 24 -66 -45 78 -31 -115
Net Cash From Operating Activities		 116 28 -68 104 65 38 43 -8.71 136 37 -13
Net Cash From Continuing Operating Activities		 116 28 -68 104 65 38 43 -8.71 136 37 -13
Net Income / (Loss) Continuing Operations		 138 147 145 133 111 121 106 64 68 79 67
Consolidated Net Income / (Loss)		 138 147 145 133 111 121 106 64 68 79 67
Depreciation Expense		 3.30 3.54 3.67 3.63 3.69 3.85 3.99 4.00 4.08 4.35 4.74
Amortization Expense		 1.16 1.07 1.15 1.18 1.09 1.06 1.13 1.25 1.18 0.98 1.04
Non-Cash Adjustments To Reconcile Net Income		 -59 10 -10 -38 46 -40 51 -30 48 9.76 34
Changes in Operating Assets and Liabilities, net		 32 -134 -208 4.16 -97 -49 -120 -48 14 -57 -120
Net Cash From Investing Activities		 -17 -10 -17 -9.86 -2.93 -12 -15 -29 5.12 -12 -34
Net Cash From Continuing Investing Activities		 -17 -10 -17 -9.86 -2.93 -12 -15 -29 5.42 -12 -34
Purchase of Property, Plant & Equipment		 -0.28 -5.49 -0.58 -2.07 -1.34 -2.61 -1.40 -4.26 -0.15 -5.37 -3.63
Purchase of Investments		 -24 -5.32 -17 -8.17 -8.28 -10 -16 -25 -3.80 -6.50 -31
Sale and/or Maturity of Investments		 0.00 - - - 0.00 - 2.00 - 0.30 -0.10 -0.20
Other Investing Activities, net		 6.85 0.38 - 0.38 6.69 0.37 - - 9.08 - 0.31
Net Cash From Financing Activities		 39 -50 -32 7.11 -107 -1.42 -94 -7.24 -63 -56 -68
Net Cash From Continuing Financing Activities		 39 -50 -32 7.11 -107 -1.42 -94 -7.24 -63 -56 -68
Repayment of Debt		 58 -1.53 13 50 -58 48 -50 44 -17 -7.84 -22
Repurchase of Common Equity		 -25 -50 -50 -51 -50 -50 -50 -52 -50 -50 -50
Other Financing Activities, net		 5.50 2.05 5.49 8.25 1.11 0.76 6.45 0.04 4.10 1.48 4.02
Cash Interest Paid		 7.79 -7.47 7.11 -6.79 7.96 -7.14 6.79 -6.79 8.32 -7.89 7.96
Cash Income Taxes Paid		 0.68 82 49 28 1.19 64 39 28 0.00 24 25

Annual Balance Sheets for M/I Homes

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,416 1,549 1,865 2,022 2,106 2,643 3,240 3,715 4,022 4,550 4,777
Total Current Assets		 67 31 18 35 6.08 261 236 312 733 822 689
Cash & Equivalents		 - - - 22 6.08 261 236 312 733 822 689
Plant, Property, & Equipment, net		 13 22 27 29 22 27 38 37 35 35 34
Total Noncurrent Assets		 1,335 1,495 1,820 1,957 2,077 2,356 2,966 3,366 3,255 3,694 4,054
Long-Term Investments		 37 28 21 36 38 35 57 52 44 65 106
Noncurrent Note & Lease Receivables		 - - - - - - - - - - 55
Goodwill		 - - 0.00 16 16 16 16 16 16 16 16
Noncurrent Deferred & Refundable Income Taxes		 - - - - 9.63 6.18 10 18 16 13 4.51
Other Noncurrent Operating Assets		 1,298 1,467 1,799 1,735 1,858 2,064 2,606 3,037 3,002 3,315 3,562
Other Noncurrent Nonoperating Assets		 - - - 170 155 234 276 243 176 284 309
Total Liabilities & Shareholders' Equity		 1,416 1,549 1,865 2,022 2,106 2,643 3,240 3,715 4,022 4,550 4,777
Total Liabilities		 819 894 1,117 1,166 1,102 1,384 1,616 1,644 1,506 1,610 1,611
Total Current Liabilities		 230 278 312 317 296 484 619 567 456 554 509
Short-Term Debt		 124 153 168 153 137 226 266 246 166 286 277
Accounts Payable		 87 103 117 132 125 186 245 229 205 199 181
Customer Deposits		 20 22 26 32 34 73 108 93 85 69 51
Total Noncurrent Liabilities		 589 616 806 850 806 900 997 1,077 1,050 1,056 1,102
Long-Term Debt		 339 336 297 415 365 0.00 0.00 0.00 0.00 0.00 0.00
Capital Lease Obligations		 - - - - - - - - - - 57
Other Noncurrent Operating Liabilities		 250 280 509 434 441 900 997 1,077 1,050 1,056 1,045
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 597 654 747 855 1,003 1,259 1,624 2,071 2,517 2,940 3,166
Total Preferred & Common Equity		 597 654 747 855 1,003 1,259 1,624 2,071 2,517 2,940 3,166
Total Common Equity		 597 654 747 855 1,003 1,259 1,624 2,071 2,517 2,940 3,166
Common Stock		 242 247 307 331 333 339 348 353 350 349 344
Retained Earnings		 355 407 473 581 709 948 1,345 1,836 2,301 2,865 3,268
Treasury Stock		 -49 -48 -33 -57 -38 -29 -69 -118 -135 -274 -446

Quarterly Balance Sheets for M/I Homes

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 3,862 4,003 4,212 4,340 4,460 4,585 4,740 4,770 4,788 4,856 4,860
Total Current Assets		 668 736 870 837 720 776 800 734 767 736 621
Cash & Equivalents		 668 736 870 837 720 776 800 734 767 736 621
Plant, Property, & Equipment, net		 35 36 33 36 35 34 34 33 32 34 35
Total Noncurrent Assets		 3,158 3,231 3,309 3,466 3,705 3,775 3,906 4,003 3,989 4,086 4,205
Long-Term Investments		 42 45 59 46 63 71 67 82 68 62 87
Noncurrent Note & Lease Receivables		 - - - - - - - - - - 50
Goodwill		 16 16 16 16 16 16 16 16 16 16 16
Noncurrent Deferred & Refundable Income Taxes		 18 18 15 15 15 13 13 13 4.51 4.51 4.51
Other Noncurrent Operating Assets		 2,891 2,945 2,983 3,161 3,368 3,436 3,528 3,652 3,638 3,744 3,814
Other Noncurrent Nonoperating Assets		 191 207 235 227 243 239 281 240 262 259 233
Total Liabilities & Shareholders' Equity		 3,862 4,003 4,212 4,340 4,460 4,585 4,740 4,770 4,788 4,856 4,860
Total Liabilities		 1,563 1,578 1,573 1,599 1,615 1,579 1,658 1,620 1,596 1,629 1,608
Total Current Liabilities		 549 546 542 595 579 536 601 552 535 563 520
Short-Term Debt		 186 201 224 223 235 228 276 232 260 252 230
Accounts Payable		 265 251 225 279 257 229 252 258 216 244 229
Customer Deposits		 98 95 93 93 87 79 72 62 59 66 60
Total Noncurrent Liabilities		 1,014 1,031 1,031 1,004 1,035 1,043 1,057 1,069 1,061 1,065 1,088
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
Capital Lease Obligations		 - - - - - - - - - - 52
Other Noncurrent Operating Liabilities		 1,014 1,031 1,031 1,004 1,035 1,043 1,057 1,069 1,061 1,065 1,036
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,298 2,426 2,639 2,741 2,845 3,006 3,082 3,149 3,192 3,227 3,253
Total Preferred & Common Equity		 2,298 2,426 2,639 2,741 2,845 3,006 3,082 3,149 3,192 3,227 3,253
Total Common Equity		 2,298 2,426 2,639 2,741 2,845 3,006 3,082 3,149 3,192 3,227 3,253
Common Stock		 350 348 348 351 351 343 345 340 334 336 332
Retained Earnings		 2,057 2,196 2,439 2,586 2,732 2,976 3,098 3,204 3,336 3,415 3,481
Treasury Stock		 -109 -119 -149 -196 -237 -313 -360 -395 -477 -524 -560

Annual Metrics And Ratios for M/I Homes

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.72% 19.24% 16.00% 16.53% 9.36% 21.83% 22.97% 10.29% -2.37% 11.68% -100.00%
EBITDA Growth		 34.12% -0.29% 27.62% 31.08% 14.99% 66.38% 61.97% 20.24% -4.91% 20.44% -623.57%
EBIT Growth		 35.90% -3.15% 31.09% 34.45% 15.46% 71.18% 65.58% 20.83% -5.07% 20.80% -639.65%
NOPAT Growth		 11.11% 0.31% 27.33% 71.02% 16.44% 72.34% 66.83% 19.74% -5.82% 21.14% -591.59%
Net Income Growth		 1.92% 9.36% 27.33% 49.36% 18.51% 88.01% 65.45% 23.63% -5.16% 21.14% -824.21%
EPS Growth		 1.82% 9.52% 22.83% 63.72% 21.08% 83.71% 61.36% 29.82% -5.97% 21.59% -25.22%
Operating Cash Flow Growth		 37.84% 141.52% -255.52% 95.13% 2,632.06% 156.49% -109.99% 1,194.16% 199.96% -67.45% -23.58%
Free Cash Flow Firm Growth		 -72.02% 71.77% 87.35% 2,651.54% -71.19% 1,657.36% -92.31% 126.95% 327.30% -46.71% -1,383.47%
Invested Capital Growth		 22.29% 9.13% 6.88% 0.42% 9.15% -26.92% 38.41% 29.49% 1.10% 18.83% 13.77%
Revenue Q/Q Growth		 7.66% 3.32% 5.28% 4.61% 0.79% 5.70% 4.04% 4.17% -5.71% 5.45% -100.00%
EBITDA Q/Q Growth		 12.18% 3.39% 0.50% 21.22% 3.85% 12.95% 8.34% 2.30% -4.14% 4.58% -719.12%
EBIT Q/Q Growth		 13.06% 3.36% 0.38% 23.48% 3.98% 13.59% 8.42% 2.55% -4.27% 4.65% -742.06%
NOPAT Q/Q Growth		 14.07% 4.64% -6.10% 35.26% 7.57% 13.13% 9.17% 2.41% -5.25% 5.26% -686.58%
Net Income Q/Q Growth		 4.63% 14.77% -6.10% 18.13% 7.93% 19.00% 9.16% 3.59% -5.12% 5.26% -964.14%
EPS Q/Q Growth		 4.35% 15.00% -6.22% 19.74% 7.69% 18.59% 8.85% 4.87% -5.76% 5.80% -13.45%
Operating Cash Flow Q/Q Growth		 31.92% -13.06% 8.82% 95.84% -10.71% -35.72% 73.40% 5,363.67% -20.61% 38.00% -45.16%
Free Cash Flow Firm Q/Q Growth		 12.02% -87.91% -110.88% 146.21% -84.91% 23.02% 117.65% -71.86% -34.08% 100.65% -1,617.63%
Invested Capital Q/Q Growth		 4.26% 5.83% 9.56% -16.60% -2.71% -11.15% -22.88% -6.22% 5.59% 0.02% 0.53%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 20.44% 19.66% 19.77% 22.48% 24.26% 25.27% 25.26% 26.61% 0.00%
EBITDA Margin		 7.45% 6.23% 6.86% 7.71% 8.11% 11.07% 14.58% 15.90% 15.49% 16.70% 0.00%
Operating Margin		 6.68% 5.43% 6.13% 7.08% 7.47% 10.50% 14.13% 15.48% 15.06% 16.29% 0.00%
EBIT Margin		 6.68% 5.43% 6.13% 7.08% 7.47% 10.50% 14.13% 15.48% 15.06% 16.29% 0.00%
Profit (Net Income) Margin		 3.65% 3.35% 3.67% 4.71% 5.10% 7.87% 10.59% 11.88% 11.54% 12.51% 0.00%
Tax Burden Percent		 59.55% 61.68% 59.91% 76.20% 76.85% 77.37% 77.95% 77.24% 76.63% 76.84% 103.12%
Interest Burden Percent		 91.73% 100.00% 100.00% 87.34% 88.89% 96.97% 96.17% 99.30% 100.00% 100.00% 100.00%
Effective Tax Rate		 40.45% 38.32% 40.09% 23.80% 23.15% 22.63% 22.05% 22.76% 23.37% 23.16% 0.00%
Return on Invested Capital (ROIC)		 6.08% 5.30% 6.25% 10.32% 11.47% 21.88% 36.27% 32.59% 27.05% 29.79% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.77% 5.30% 6.25% 6.35% 6.52% 1,046.82% 41.48% 33.64% 27.05% 29.79% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 3.00% 3.75% 4.04% 3.11% 2.26% -0.68% -8.74% -6.04% -6.76% -9.13% 0.00%
Return on Equity (ROE)		 9.07% 9.05% 10.29% 13.44% 13.73% 21.21% 27.53% 26.56% 20.29% 20.66% -133.73%
Cash Return on Invested Capital (CROIC)		 -13.98% -3.43% -0.40% 9.91% 2.72% 52.99% 4.05% 6.89% 25.96% 12.57% -139.03%
Operating Return on Assets (OROA)		 7.23% 6.19% 7.05% 8.33% 9.05% 13.47% 18.00% 18.40% 15.70% 17.12% 0.00%
Return on Assets (ROA)		 3.95% 3.82% 4.22% 5.54% 6.18% 10.10% 13.49% 14.11% 12.03% 13.15% 0.00%
Return on Common Equity (ROCE)		 9.07% 9.05% 10.29% 13.44% 13.73% 21.21% 27.53% 26.56% 20.29% 20.66% -133.73%
Return on Equity Simple (ROE_SIMPLE)		 8.68% 8.65% 9.65% 12.59% 12.71% 19.06% 24.43% 23.70% 18.49% 19.18% 0.00%
Net Operating Profit after Tax (NOPAT)		 56 57 72 123 144 247 413 494 465 564 -2,771
NOPAT Margin		 3.98% 3.35% 3.67% 5.39% 5.74% 8.12% 11.02% 11.96% 11.54% 12.51% 0.00%
Net Nonoperating Expense Percent (NNEP)		 1.30% 0.00% 0.00% 3.97% 4.95% -1,024.94% -5.21% -1.05% 0.00% 0.00% -153.19%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 21.33% 17.35% 17.48% -80.49%
Cost of Revenue to Revenue		 0.00% 0.00% 79.56% 80.34% 80.23% 77.52% 75.74% 74.73% 74.74% 73.39% 0.00%
SG&A Expenses to Revenue		 13.28% 13.03% 12.98% 12.27% 12.09% 11.72% 10.43% 9.84% 10.70% 10.94% 0.00%
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		 93.32% 94.57% 14.30% 12.59% 12.30% 11.98% 10.13% 9.78% 10.21% 10.33% 0.00%
Earnings before Interest and Taxes (EBIT)		 95 92 120 162 187 320 529 640 607 734 -3,959
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 106 105 134 176 203 337 546 657 625 752 -3,939
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.91 0.95 1.27 0.69 1.10 1.01 1.11 0.61 1.52 1.23 1.06
Price to Tangible Book Value (P/TBV)		 0.91 0.95 1.27 0.70 1.12 1.02 1.13 0.62 1.53 1.24 1.06
Price to Revenue (P/Rev)		 0.38 0.37 0.48 0.26 0.44 0.42 0.48 0.31 0.95 0.80 0.00
Price to Earnings (P/E)		 11.52 12.01 14.31 5.45 8.68 5.31 4.36 2.58 8.24 6.42 0.00
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		 8.68% 8.33% 6.99% 18.34% 11.52% 18.84% 22.94% 38.74% 12.13% 15.59% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.97 1.17 0.92 1.20 1.26 1.35 0.67 1.86 1.47 1.21
Enterprise Value to Revenue (EV/Rev)		 0.68 0.64 0.71 0.48 0.63 0.40 0.48 0.28 0.80 0.67 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 9.13 10.27 10.34 6.23 7.72 3.57 3.26 1.75 5.16 4.01 0.00
Enterprise Value to EBIT (EV/EBIT)		 10.19 11.79 11.56 6.79 8.38 3.76 3.37 1.80 5.31 4.11 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 17.11 19.11 19.30 8.91 10.91 4.86 4.32 2.33 6.93 5.35 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 31.64 0.00 0.00 23.85 7.15 0.00 6.24 5.84 16.78 20.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 9.28 45.93 2.01 38.70 11.00 7.22 12.67 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.77 0.75 0.62 0.66 0.50 0.18 0.16 0.12 0.07 0.10 0.09
Long-Term Debt to Equity		 0.57 0.51 0.40 0.49 0.36 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.63 0.71 0.65 0.49 0.35 0.00 -0.21 -0.18 -0.25 -0.31 -0.28
Leverage Ratio		 2.30 2.37 2.44 2.43 2.22 2.10 2.04 1.88 1.69 1.57 1.53
Compound Leverage Factor		 2.11 2.37 2.44 2.12 1.97 2.04 1.96 1.87 1.69 1.57 1.53
Debt to Total Capital		 43.65% 42.77% 38.36% 39.93% 33.34% 15.20% 14.08% 10.61% 6.18% 8.87% 8.04%
Short-Term Debt to Total Capital		 11.68% 13.38% 13.87% 10.76% 9.09% 15.20% 14.08% 10.61% 6.18% 8.87% 8.04%
Long-Term Debt to Total Capital		 31.97% 29.39% 24.48% 29.17% 24.25% 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		 56.35% 57.23% 61.64% 60.07% 66.66% 84.80% 85.92% 89.39% 93.82% 91.13% 91.96%
Debt to EBITDA		 4.37 4.64 3.46 3.22 2.48 0.67 0.49 0.37 0.27 0.38 -0.07
Net Debt to EBITDA		 4.02 4.37 3.30 2.90 2.26 -0.21 -0.05 -0.18 -0.98 -0.80 0.13
Long-Term Debt to EBITDA		 3.20 3.19 2.21 2.36 1.80 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 8.19 8.64 6.45 4.61 3.50 0.91 0.64 0.50 0.36 0.51 -0.10
Net Debt to NOPAT		 7.53 8.14 6.17 4.15 3.19 -0.28 -0.07 -0.24 -1.31 -1.07 0.19
Long-Term Debt to NOPAT		 6.00 5.94 4.12 3.37 2.54 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.83 1.88 1.94 1.93 2.39 2.50 2.81 2.75 3.91 3.82 -0.49
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		 0.29 0.11 0.06 0.11 0.02 0.54 0.38 0.55 1.61 1.48 1.35
Quick Ratio		 0.00 0.00 0.00 0.07 0.02 0.54 0.38 0.55 1.61 1.48 1.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -130 -37 -4.64 118 34 599 46 105 447 238 -3,054
Operating Cash Flow to CapEx		 -2,251.02% 260.93% -604.43% -31.84% 0.00% 1,441.59% -100.56% 1,972.26% 9,570.65% 2,135.39% 1,429.38%
Free Cash Flow to Firm to Interest Expense		 -16.55 0.00 0.00 5.78 1.59 61.85 21.36 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -10.50 0.00 0.00 -0.13 3.07 17.38 -7.80 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -10.97 0.00 0.00 -0.52 3.15 16.18 -15.56 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.08 1.14 1.15 1.18 1.21 1.28 1.27 1.19 1.04 1.05 0.00
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		 116.32 96.11 79.89 81.35 97.07 125.02 116.59 110.03 111.48 129.76 0.00
Accounts Payable Turnover		 0.00 0.00 14.16 14.77 15.64 15.20 13.19 13.05 13.92 16.40 17.91
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)		 0.00 0.00 25.77 24.72 23.34 24.01 27.67 27.96 26.23 22.26 20.38
Cash Conversion Cycle (CCC)		 0.00 0.00 -25.77 -24.72 -23.34 -24.01 -27.67 -27.96 -26.23 -22.26 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,022 1,115 1,192 1,197 1,306 955 1,321 1,711 1,730 2,055 2,338
Invested Capital Turnover		 1.53 1.58 1.70 1.91 2.00 2.69 3.29 2.73 2.34 2.38 0.00
Increase / (Decrease) in Invested Capital		 186 93 77 4.96 109 -352 367 390 19 326 283
Enterprise Value (EV)		 966 1,082 1,391 1,098 1,565 1,203 1,782 1,149 3,225 3,016 2,827
Market Capitalization		 540 621 947 587 1,107 1,273 1,809 1,267 3,836 3,617 3,346
Book Value per Share		 $24.20 $26.52 $27.15 $30.63 $35.66 $43.79 $55.81 $75.49 $90.38 $108.06 $121.08
Tangible Book Value per Share		 $24.20 $26.52 $27.15 $30.04 $35.07 $43.22 $55.25 $74.90 $89.79 $107.45 $120.46
Total Capital		 1,059 1,143 1,212 1,424 1,505 1,484 1,890 2,316 2,683 3,226 3,443
Total Debt		 462 489 465 568 502 226 266 246 166 286 277
Total Long-Term Debt		 339 336 297 415 365 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 425 461 444 511 458 -70 -27 -117 -611 -601 -519
Capital Expenditures (CapEx)		 3.66 13 8.80 8.14 -1.78 12 17 9.33 5.77 8.42 9.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -39 -94 -125 -150 -159 -258 -352 -322 -290 -268 -232
Debt-free Net Working Capital (DFNWC)		 -39 -94 -125 -129 -153 2.51 -116 -10 443 554 457
Net Working Capital (NWC)		 -163 -247 -293 -282 -290 -223 -382 -256 277 268 180
Net Nonoperating Expense (NNE)		 4.67 0.00 0.00 16 16 7.49 16 3.48 0.00 0.00 1,311
Net Nonoperating Obligations (NNO)		 425 461 444 341 303 -304 -303 -360 -787 -884 -828
Total Depreciation and Amortization (D&A)		 11 14 14 15 16 18 17 17 17 19 20
Debt-free, Cash-free Net Working Capital to Revenue		 -2.75% -5.59% -6.38% -6.56% -6.38% -8.48% -9.41% -7.79% -7.19% -5.95% 0.00%
Debt-free Net Working Capital to Revenue		 -2.75% -5.59% -6.38% -5.62% -6.14% 0.08% -3.10% -0.25% 10.98% 12.29% 0.00%
Net Working Capital to Revenue		 -11.47% -14.63% -14.95% -12.32% -11.61% -7.32% -10.20% -6.19% 6.87% 5.94% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.91 $2.10 $2.57 $3.81 $4.58 $8.38 $13.64 $17.60 $16.76 $20.29 $15.07
Adjusted Weighted Average Basic Shares Outstanding		 24.58M 24.67M 25.77M 28.23M 27.85M 28.61M 29.09M 27.88M 27.77M 27.78M 26.73M
Adjusted Diluted Earnings per Share		 $1.68 $1.84 $2.26 $3.70 $4.48 $8.23 $13.28 $17.24 $16.21 $19.71 $14.74
Adjusted Weighted Average Diluted Shares Outstanding		 30.05M 30.12M 30.69M 29.18M 28.48M 29.15M 29.88M 28.46M 28.72M 28.60M 27.34M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $2.10 $2.57 $3.81 $4.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.66M 24.76M 27.87M 27.52M 28.58M 29.11M 28.46M 27.67M 27.81M 27.11M 25.77M
Normalized Net Operating Profit after Tax (NOPAT)		 59 59 77 129 147 254 406 494 465 564 -2,738
Normalized NOPAT Margin		 4.13% 3.49% 3.91% 5.64% 5.89% 8.33% 10.83% 11.96% 11.54% 12.51% 0.00%
Pre Tax Income Margin		 6.13% 5.43% 6.13% 6.18% 6.64% 10.18% 13.59% 15.38% 15.06% 16.29% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.09 0.00 0.00 7.90 8.74 33.02 245.55 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 7.20 0.00 0.00 6.02 6.72 25.54 191.42 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 11.62 0.00 0.00 7.50 8.82 31.81 237.79 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 6.73 0.00 0.00 5.62 6.80 24.34 183.66 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 9.42% 8.61% 5.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 9.42% 8.61% 5.07% 23.88% 4.04% 0.80% 12.98% 11.28% 14.04% 31.39% -4.95%

Quarterly Metrics And Ratios for M/I Homes

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - - - - - 25,767,709.00 25,590,109.00 25,283,031.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 25,767,709.00 25,590,109.00 25,283,031.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 2.63 -38.59 2.63
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.61% 9.44% 9.23% 23.92% -6.75% 4.76% -0.97% -371.35% -5.67% -100.00% -4.92%
EBITDA Growth		 31.58% 24.51% 6.20% 23.11% -18.30% -16.98% -25.09% -2,608.84% -37.43% -679.79% -36.07%
EBIT Growth		 32.55% 24.96% 6.02% 23.62% -18.93% -17.54% -25.89% -2,682.67% -38.98% -700.88% -37.87%
NOPAT Growth		 33.95% 24.36% 4.63% 26.77% -19.43% -17.38% -26.79% -2,410.24% -39.02% -655.40% -37.50%
Net Income Growth		 33.95% 24.36% 4.63% 26.77% -19.43% -17.38% -26.79% -3,412.76% -39.02% -914.46% -37.50%
EPS Growth		 31.32% 24.27% 5.81% 29.75% -16.74% -13.67% -23.14% -48.62% -35.93% -31.67% -34.69%
Operating Cash Flow Growth		 -53.97% -83.45% -185.42% 90.15% -43.95% 37.24% 163.90% -108.34% 109.18% -2.51% -130.68%
Free Cash Flow Firm Growth		 151.16% -213.14% -183.45% -322.36% -1,312.85% -91.84% 39.34% -1,650.80% 59.09% -277.30% -22.40%
Invested Capital Growth		 6.93% 17.00% 25.45% 18.83% 26.48% 19.23% 13.20% 13.77% 9.60% 9.67% 11.53%
Revenue Q/Q Growth		 7.62% 6.03% 2.99% 5.46% -19.02% 19.11% -2.65% -388.96% 128.15% -100.00% 0.00%
EBITDA Q/Q Growth		 29.66% 7.60% -2.65% -9.37% -13.95% 9.34% -12.16% -3,135.63% 102.15% -1,113.14% 109.69%
EBIT Q/Q Growth		 30.63% 7.71% -2.82% -9.60% -14.33% 9.56% -12.66% -3,250.45% 102.02% -1,178.82% 109.03%
NOPAT Q/Q Growth		 31.13% 6.29% -0.88% -8.24% -16.66% 9.00% -12.17% -2,995.53% 102.20% -1,092.73% 109.88%
Net Income Q/Q Growth		 31.13% 6.29% -0.88% -8.24% -16.66% 9.00% -12.17% -4,252.05% 101.53% -1,555.77% 106.74%
EPS Q/Q Growth		 31.68% 7.11% -0.39% -7.65% -15.50% 11.06% -11.31% -38.27% 5.37% 18.43% -15.23%
Operating Cash Flow Q/Q Growth		 110.87% -76.24% -346.96% 253.65% -37.84% -41.81% 14.99% -120.06% 1,658.87% -72.88% -136.19%
Free Cash Flow Firm Q/Q Growth		 -67.71% -538.90% -121.56% 29.17% -76.10% 30.58% 29.94% -1,944.09% 95.89% -540.29% 77.27%
Invested Capital Q/Q Growth		 -1.79% 9.08% 10.90% 0.02% 4.54% 2.83% 5.29% 0.53% 0.71% 2.88% 7.08%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.07% 27.87% 27.07% 24.63% 25.90% 24.65% 24.53% 0.00% 22.00% 0.00% 21.30%
EBITDA Margin		 17.65% 17.91% 16.93% 14.55% 15.46% 14.19% 12.81% 0.00% 10.26% 0.00% 8.61%
Operating Margin		 17.22% 17.49% 16.51% 14.15% 14.97% 13.77% 12.35% 0.00% 9.68% 0.00% 8.07%
EBIT Margin		 17.22% 17.49% 16.51% 14.15% 14.97% 13.77% 12.35% 0.00% 9.68% 0.00% 8.07%
Profit (Net Income) Margin		 13.19% 13.22% 12.73% 11.07% 11.40% 10.43% 9.41% 0.00% 7.37% 0.00% 6.18%
Tax Burden Percent		 76.60% 75.59% 77.09% 78.25% 76.13% 75.73% 76.16% 100.38% 76.07% 102.65% 76.61%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.40% 24.41% 22.91% 21.75% 23.87% 24.27% 23.84% 0.00% 23.93% 0.00% 23.39%
Return on Invested Capital (ROIC)		 32.74% 32.13% 29.44% 26.36% 26.27% 23.04% 19.22% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 32.74% 32.13% 29.44% 26.36% 26.27% 23.04% 19.22% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -10.42% -10.22% -8.81% -8.07% -8.37% -6.97% -5.17% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 22.32% 21.91% 20.63% 18.28% 17.90% 16.07% 14.05% -133.73% -133.12% -165.93% -164.78%
Cash Return on Invested Capital (CROIC)		 23.74% 15.12% 6.42% 12.57% 4.53% 7.64% 9.19% -139.03% -134.00% -164.50% -158.59%
Operating Return on Assets (OROA)		 17.62% 17.81% 16.67% 14.87% 15.09% 13.61% 11.98% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 13.50% 13.46% 12.85% 11.64% 11.49% 10.31% 9.13% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 22.32% 21.91% 20.63% 18.28% 17.90% 16.07% 14.05% -133.73% -133.12% -165.93% -164.78%
Return on Equity Simple (ROE_SIMPLE)		 18.96% 19.30% 18.82% 0.00% 17.86% 16.59% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 138 147 145 133 111 121 106 -3,083 68 -673 67
NOPAT Margin		 13.19% 13.22% 12.73% 11.07% 11.40% 10.43% 9.41% 0.00% 7.37% 0.00% 6.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -156.31% 0.00% -37.45% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 4.14% 3.44% 3.61% 3.15% -89.56% 1.96% -19.35% 1.88%
Cost of Revenue to Revenue		 72.93% 72.13% 72.93% 75.37% 74.10% 75.35% 75.47% 0.00% 78.00% 0.00% 78.70%
SG&A Expenses to Revenue		 10.51% 11.04% 11.15% 11.02% 11.46% 11.26% 11.91% 0.00% 12.66% 0.00% 13.12%
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		 9.85% 10.38% 10.57% 10.48% 10.93% 10.88% 12.18% 0.00% 12.32% 0.00% 13.23%
Earnings before Interest and Taxes (EBIT)		 180 194 189 171 146 160 140 -4,405 89 -962 87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 185 199 193 175 151 165 145 -4,400 94 -957 93
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.44 1.24 1.65 1.23 1.03 0.97 1.21 1.06 0.99 1.27 1.05
Price to Tangible Book Value (P/TBV)		 1.45 1.24 1.66 1.24 1.04 0.98 1.22 1.06 0.99 1.28 1.06
Price to Revenue (P/Rev)		 0.93 0.81 1.10 0.80 0.70 0.67 0.85 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 7.59 6.41 8.77 6.42 5.77 5.87 8.07 0.00 0.00 0.00 0.00
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		 13.18% 15.61% 11.40% 15.59% 17.34% 17.03% 12.39% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.82 1.47 2.02 1.47 1.15 1.09 1.39 1.21 1.10 1.47 1.15
Enterprise Value to Revenue (EV/Rev)		 0.76 0.65 0.97 0.67 0.56 0.54 0.72 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 4.62 3.85 5.77 4.01 3.45 3.52 5.07 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.74 3.95 5.92 4.11 3.54 3.62 5.24 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 6.18 5.16 7.75 5.35 4.61 4.71 6.83 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.42 9.83 31.86 16.78 19.22 17.33 12.89 20.58 12.39 17.22 19.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.92 10.50 34.99 12.67 28.45 15.55 16.04 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.08 0.08 0.10 0.08 0.09 0.07 0.09 0.08 0.08 0.09
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 0.02
Financial Leverage		 -0.32 -0.32 -0.30 -0.31 -0.32 -0.30 -0.27 -0.28 -0.27 -0.27 -0.23
Leverage Ratio		 1.65 1.63 1.61 1.57 1.56 1.56 1.54 1.53 1.51 1.52 1.50
Compound Leverage Factor		 1.65 1.63 1.61 1.57 1.56 1.56 1.54 1.53 1.51 1.52 1.50
Debt to Total Capital		 7.83% 7.52% 7.64% 8.87% 7.05% 8.22% 6.86% 8.04% 7.54% 7.25% 7.98%
Short-Term Debt to Total Capital		 7.83% 7.52% 7.64% 8.87% 7.05% 8.22% 6.86% 8.04% 7.54% 7.25% 6.52%
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% 1.46%
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		 92.17% 92.48% 92.36% 91.13% 92.95% 91.78% 93.14% 91.96% 92.46% 92.75% 92.02%
Debt to EBITDA		 0.34 0.31 0.33 0.38 0.32 0.40 0.36 -0.07 -0.07 -0.05 -0.05
Net Debt to EBITDA		 -1.05 -0.93 -0.76 -0.80 -0.86 -0.86 -0.92 0.13 0.14 0.11 0.08
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 -0.01
Debt to NOPAT		 0.45 0.42 0.44 0.51 0.42 0.54 0.49 -0.10 -0.09 -0.07 -0.08
Net Debt to NOPAT		 -1.41 -1.25 -1.02 -1.07 -1.15 -1.16 -1.24 0.19 0.20 0.15 0.12
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 -0.01
Altman Z-Score		 3.46 3.28 3.74 3.41 3.22 3.11 3.43 -0.79 2.27 1.64 2.10
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		 1.61 1.41 1.24 1.48 1.45 1.33 1.33 1.35 1.43 1.31 1.19
Quick Ratio		 1.61 1.41 1.24 1.48 1.45 1.33 1.33 1.35 1.43 1.31 1.19
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 28 -123 -271 -192 -339 -235 -165 -3,367 -139 -887 -202
Operating Cash Flow to CapEx		 41,946.38% 500.75% -11,714.14% 5,050.56% 4,845.93% 1,447.11% 3,092.17% -204.53% 88,137.01% 685.02% -366.61%
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 0.00
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 0.00
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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.02 1.02 1.01 1.05 1.01 0.99 0.97 0.00 0.00 0.00 0.00
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		 115.63 116.09 120.80 129.76 132.93 127.85 132.85 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 13.90 11.25 12.31 16.40 14.39 12.58 13.06 17.91 15.27 13.47 13.71
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)		 26.26 32.45 29.64 22.26 25.36 29.02 27.94 20.38 23.90 27.10 26.62
Cash Conversion Cycle (CCC)		 -26.26 -32.45 -29.64 -22.26 -25.36 -29.02 -27.94 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,699 1,853 2,055 2,055 2,149 2,209 2,326 2,338 2,355 2,423 2,594
Invested Capital Turnover		 2.48 2.43 2.31 2.38 2.31 2.21 2.04 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 110 269 417 326 450 356 271 283 206 214 268
Enterprise Value (EV)		 3,090 2,729 4,150 3,016 2,477 2,411 3,228 2,827 2,580 3,569 2,991
Market Capitalization		 3,795 3,390 4,697 3,617 3,096 3,003 3,812 3,346 3,155 4,115 3,416
Book Value per Share		 $94.07 $98.77 $103.80 $108.06 $110.88 $115.07 $119.34 $121.08 $123.89 $126.12 $128.65
Tangible Book Value per Share		 $93.48 $98.18 $103.20 $107.45 $110.27 $114.46 $118.72 $120.46 $123.25 $125.48 $128.00
Total Capital		 2,863 2,964 3,081 3,226 3,234 3,358 3,381 3,443 3,453 3,480 3,535
Total Debt		 224 223 235 286 228 276 232 277 260 252 282
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52
Net Debt		 -705 -661 -548 -601 -619 -592 -584 -519 -576 -546 -426
Capital Expenditures (CapEx)		 0.28 5.49 0.58 2.07 1.34 2.61 1.40 4.26 0.15 5.37 3.63
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -317 -372 -344 -268 -308 -325 -320 -232 -275 -311 -290
Debt-free Net Working Capital (DFNWC)		 553 465 376 554 469 476 415 457 492 425 331
Net Working Capital (NWC)		 328 243 140 268 241 200 183 180 232 173 101
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,338 0.00 314 0.00
Net Nonoperating Obligations (NNO)		 -940 -888 -790 -884 -858 -873 -823 -828 -837 -805 -658
Total Depreciation and Amortization (D&A)		 4.47 4.61 4.82 4.81 4.78 4.90 5.12 5.25 5.25 5.33 5.78
Debt-free, Cash-free Net Working Capital to Revenue		 -7.78% -8.91% -8.05% -5.95% -6.94% -7.24% -7.14% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 13.55% 11.14% 8.80% 12.29% 10.57% 10.60% 9.26% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 8.05% 5.81% 3.29% 5.94% 5.43% 4.45% 4.08% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.92 $5.26 $5.26 $4.85 $4.07 $4.52 $4.01 $2.47 $2.61 $3.08 $2.62
Adjusted Weighted Average Basic Shares Outstanding		 28.05M 27.88M 27.64M 27.78M 27.31M 26.84M 26.54M 26.73M 26.01M 25.67M 25.43M
Adjusted Diluted Earnings per Share		 $4.78 $5.12 $5.10 $4.71 $3.98 $4.42 $3.92 $2.42 $2.55 $3.02 $2.56
Adjusted Weighted Average Diluted Shares Outstanding		 28.89M 28.67M 28.53M 28.60M 27.94M 27.41M 27.19M 27.34M 26.56M 26.19M 25.95M
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		 27.75M 27.41M 27.21M 27.11M 26.78M 26.39M 26.15M 25.77M 25.59M 25.28M 25.03M
Normalized Net Operating Profit after Tax (NOPAT)		 138 147 145 133 111 121 112 -3,055 68 -673 70
Normalized NOPAT Margin		 13.19% 13.22% 12.73% 11.07% 11.40% 10.43% 9.92% 0.00% 7.37% 0.00% 6.52%
Pre Tax Income Margin		 17.22% 17.49% 16.51% 14.15% 14.97% 13.77% 12.35% 0.00% 9.68% 0.00% 8.07%
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 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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 0.00
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 0.00
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		 18.11% 23.76% 28.18% 31.39% 37.57% 39.41% 42.65% -4.95% -4.90% -3.86% -3.83%

Financials Breakdown Chart

Key Financial Trends

M/I Homes’ financial profile has expanded significantly since 2022, but recent operating trends have weakened. Total assets increased from $3.59 billion in Q3 2022 to $4.86 billion in Q2 2026, while total equity rose from $1.94 billion to $3.23 billion. This growth has been supported by retained earnings and a larger operating asset base, although profitability and cash generation have become less consistent.

Profitability has declined from the strong levels reported in 2022–2024. In the comparable Q3 periods, revenue rose from $1.01 billion in 2022 to $1.14 billion in 2024, while net income increased from $131.6 million to $145.4 million. However, the Q2 2025 and Q1 2026 figures show a clear slowdown: Q2 2025 net income was $121.2 million, and Q1 2026 net income was $67.8 million. Gross margin fell from approximately 27% in Q3 2022–2024 to 24.7% in Q2 2025 and 22.0% in Q1 2026.

The Q2 2026 income statement contains a significant data inconsistency. It reports zero revenue, a $827.8 million cost of revenue and a $987.5 million net loss, while the Q2 2026 cash flow statement reports $79.1 million of net income. Investors should treat the Q2 income statement figures as unreliable until the company or data provider clarifies or corrects the filing data.

Cash flow remains a relative strength, although it weakened sequentially in 2026. Operating cash flow was $115.8 million in Q1 2024, $37.8 million in Q2 2025, $135.7 million in Q1 2026 and $36.8 million in Q2 2026. The company has generally generated positive operating cash flow in the provided quarters, but working-capital movements have produced substantial volatility.

Shareholder returns have been substantial. M/I Homes repurchased roughly $50 million of stock in each of Q1 2025, Q2 2025, Q3 2025, Q4 2025, Q1 2026 and Q2 2026. These buybacks helped reduce the weighted-average share count from 27.8 million in Q4 2023 to 25.7 million in Q2 2026, although they also contributed to a decline in cash and a larger treasury-stock balance.

  • Strong balance-sheet growth: Total assets expanded approximately 36% from Q3 2022 to Q2 2026, while total equity increased approximately 67%.
  • Large cash position: Cash and equivalents totaled $735.9 million at the end of Q2 2026, providing liquidity to fund construction, debt repayment and shareholder returns.
  • Positive operating cash flow: Operating activities generated $36.8 million in Q2 2026 and $135.7 million in Q1 2026, contrasting with operating cash outflows reported in Q3 2024 and Q4 2025.
  • Consistent share repurchases: The company has regularly repurchased approximately $50 million of common stock per quarter, supporting per-share value for continuing shareholders when earnings remain positive.
  • No reported long-term debt: The balance sheets show zero long-term debt throughout the provided periods, limiting the company’s traditional long-term leverage burden.
  • Operating cash flow is volatile: Cash generation has frequently been affected by changes in operating assets and liabilities, making individual-quarter results difficult to use as a predictor of full-year cash flow.
  • Data-quality concern: The Q2 2026 income statement conflicts sharply with the cash flow statement, so reported Q2 earnings, margins and EPS should not be relied upon without verification.
  • Profit margins are contracting: Gross margin declined from about 27% in the 2022–2024 Q3 periods to 22% in Q1 2026, while operating margin fell from roughly 16%–17% to 9.7%.
  • Recent earnings momentum has weakened: Q1 2026 net income of $67.8 million was down from $111.2 million in Q1 2025, and diluted EPS fell to $2.55 from $3.98.
  • Cash is being reduced by capital allocation: Cash fell from $870.2 million in Q1 2024 to $735.9 million in Q2 2026, with buybacks, debt repayments and investing activity contributing to quarterly cash outflows.
11/14/26 07:42 PM ETAI Generated. May Contain Errors.

M/I Homes Financials - Frequently Asked Questions

According to the most recent income statement we have on file, M/I Homes' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

M/I Homes' net income appears to be on a downward trend, with a most recent value of -$4.08 billion in 2025, compared with $51.76 million in 2015. The previous period was $563.73 million in 2024. Check out M/I Homes' forecast to explore projected trends and price targets.

M/I Homes' total operating income in 2025 was -$3.96 billion, based on the following breakdown:
  • Total Gross Profit: -$3.40 billion
  • Total Operating Expenses: $558.32 million

Over the last 10 years, M/I Homes' total revenue changed from $1.42 billion in 2015 to $0.00 in 2025, a change of -100.0%.

In the past 13 quarters, M/I Homes' cash and equivalents has ranged from $620.60 million in Q3 2026 to $870.16 million in Q1 2024, and is currently $620.60 million as of their latest financial filing in Q3 2026.

M/I Homes had total debt of $276.86 million at the end of 2025, a 3.3% decrease from 2024, and a 40.1% decrease since 2015.

Over the last 10 years, M/I Homes' book value per share changed from 24.20 in 2015 to 121.08 in 2025, a change of 400.3%.


Related Companies

Financial statements for NYSE:MHO last updated on 10/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
The Democrats can’t stop this
Porter Stansberry believes President Trump has begun a full dollar reset through executive order 14241, bypass...
Porter & Company | Sponsoredtc pixel
Why I'm selling my Snapback Indicator for just $7
For Black Friday, Base Camp Trading's Thomas Wood is offering lifetime access to his proprietary Snapback Indi...
Base Camp Trading | Sponsoredtc pixel
Every Starlink dish pays this stock
There's a chip inside every Tesla and Starlink dish that Elon doesn't own. He pays royalties to use it. Now...
Behind the Markets | Sponsoredtc pixel
Your free book is about to disappear
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel
My public warning after 55 years of watching the markets
Dr. Martin D. Weiss has publicly predicted six major American market crashes over his 55-year career, each war...
Weiss Ratings | Sponsoredtc pixel
URGENT: If you own a home, please review the map below.
More than 1,300 red dots are scattered across the country, and 2,800 more are already on the way. Jim Rickards...
Paradigm Press | Sponsoredtc pixel
Management just bought 2.8 million shares
Management just backed a $100 million buyback, repurchasing 2.8 million shares at an average price of $35.26 i...
Monument Traders Alliance | Sponsoredtc pixel
Elon wants to move AI off the planet. Amazon isn't ready.
What if the next AI race isn't on Earth? Tim Bohen's Mission X presentation explores Elon Musk's idea of movin...
StocksToTrade | Sponsoredtc pixel