M/I HOMES INC Financials
This page shows M/I HOMES INC (MHO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
M/I HOMES INC has an operating margin of 11.5%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is down from 15.7% the prior year.
M/I HOMES INC's revenue declined 1.9% year-over-year, from $4.5B to $4.4B. This contraction results in a growth score of 23/100.
M/I HOMES INC carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
M/I HOMES INC's free cash flow margin of 2.9% results in a low score of 14/100. Capital expenditures of $9.6M absorb a large share of operating cash flow.
M/I HOMES INC's ROE of 12.7% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 19.2% the prior year.
M/I HOMES INC passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, M/I HOMES INC generates $0.34 in operating cash flow ($137.3M OCF vs $402.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
M/I HOMES INC earns $40511.3 in operating income for every $1 of interest expense ($506.6M vs $13K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
M/I HOMES INC generated $4.4B in revenue in fiscal year 2025. This represents a decrease of 1.9% from the prior year.
M/I HOMES INC's EBITDA was $525.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27.4% from the prior year.
M/I HOMES INC generated $127.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 25.4% from the prior year.
M/I HOMES INC reported $402.9M in net income in fiscal year 2025. This represents a decrease of 28.5% from the prior year.
M/I HOMES INC earned $14.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 25.2% from the prior year.
M/I HOMES INC held $689.2M in cash against $0 in long-term debt as of fiscal year 2025.
M/I HOMES INC had 26M shares outstanding in fiscal year 2025. This represents a decrease of 5.0% from the prior year.
M/I HOMES INC's gross margin was 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.6 percentage points from the prior year.
M/I HOMES INC's operating margin was 11.5% in fiscal year 2025, reflecting core business profitability. This is down 4.2 percentage points from the prior year.
M/I HOMES INC's net profit margin was 9.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.4 percentage points from the prior year.
M/I HOMES INC's ROE was 12.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.5 percentage points from the prior year.
M/I HOMES INC spent $202.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14.2% from the prior year.
M/I HOMES INC invested $9.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.2% from the prior year.
MHO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B+1.4% | $1.1B-2.6% | $1.2B+19.1% | $976.1M-19.0% | $1.2B+23.9% | $972.6M-7.1% | $1.0B+3.2% | $1.0B |
| Cost of Revenue | $947.2M+10.9% | $854.1M-2.5% | $876.0M+21.1% | $723.3M-20.4% | $908.5M+24.8% | $728.2M-4.8% | $764.6M+1.2% | $755.8M |
| Gross Profit | $200.1M-27.9% | $277.7M-3.1% | $286.6M+13.4% | $252.8M-14.8% | $296.8M+21.5% | $244.4M-13.3% | $281.7M+9.1% | $258.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $65.7M-7.2% | $70.8M+5.2% | $67.2M+13.8% | $59.1M-15.7% | $70.1M+16.2% | $60.3M+7.9% | $55.9M+0.4% | $55.7M |
| Operating Income | $74.6M-44.8% | $135.3M-13.1% | $155.7M+10.5% | $140.9M-14.1% | $164.0M+26.3% | $129.8M-24.6% | $172.1M+14.3% | $150.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $16.6M-50.2% | $33.3M-14.2% | $38.9M+11.4% | $34.9M-5.9% | $37.1M+13.4% | $32.7M-16.1% | $38.9M+4.3% | $37.4M |
| Net Income | $64.0M-39.9% | $106.5M-12.2% | $121.2M+9.0% | $111.2M-16.7% | $133.5M+26.8% | $105.3M-24.3% | $139.0M+17.8% | $118.0M |
| EPS (Diluted) | $2.42-38.3% | $3.92-11.3% | $4.42+11.1% | $3.98-15.5% | $4.71+29.8% | $3.63-24.7% | $4.82+17.0% | $4.12 |
MHO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.8B+0.2% | $4.8B+0.6% | $4.7B+3.4% | $4.6B+0.8% | $4.5B+13.1% | $4.0B+0.5% | $4.0B+3.7% | $3.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $689.2M-6.1% | $734.2M-8.3% | $800.4M+3.1% | $776.4M-5.5% | $821.6M+12.1% | $732.8M-0.5% | $736.3M+10.2% | $668.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $16.4M0.0% | $16.4M0.0% | $16.4M0.0% | $16.4M0.0% | $16.4M0.0% | $16.4M0.0% | $16.4M0.0% | $16.4M |
| Total Liabilities | $1.6B-0.6% | $1.6B-2.3% | $1.7B+5.0% | $1.6B-1.9% | $1.6B+6.9% | $1.5B-4.6% | $1.6B+0.9% | $1.6B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.2B+0.5% | $3.1B+2.2% | $3.1B+2.5% | $3.0B+2.3% | $2.9B+16.8% | $2.5B+3.8% | $2.4B+5.5% | $2.3B |
| Retained Earnings | $3.3B+2.0% | $3.2B+3.4% | $3.1B+4.1% | $3.0B+3.9% | $2.9B+24.5% | $2.3B+4.8% | $2.2B+6.8% | $2.1B |
MHO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.7M-120.1% | $43.4M+15.0% | $37.8M-41.8% | $64.9M-37.8% | $104.4M+90.2% | $54.9M-31.0% | $79.5M-52.1% | $166.2M |
| Capital Expenditures | $4.3M+203.2% | $1.4M-46.2% | $2.6M+94.8% | $1.3M-35.2% | $2.1M+78.8% | $1.2M-53.6% | $2.5M+5693.0% | $43K |
| Free Cash Flow | -$13.0M-130.9% | $42.0M+19.5% | $35.1M-44.7% | $63.5M-37.9% | $102.3M+90.4% | $53.7M-30.2% | $77.0M-53.6% | $166.1M |
| Investing Cash Flow | -$29.0M-87.9% | -$15.5M-25.4% | -$12.3M-320.7% | -$2.9M+70.3% | -$9.9M-119.1% | -$4.5M+60.3% | -$11.3M-669.1% | $2.0M |
| Financing Cash Flow | -$7.2M+92.3% | -$94.2M-6546.9% | -$1.4M+98.7% | -$107.2M-1606.2% | $7.1M+113.2% | -$53.8M-21789.8% | -$246K+99.4% | -$42.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $51.7M+2.9% | $50.2M+0.1% | $50.1M+0.2% | $50.1M-2.1% | $51.1M+103.8% | $25.1M+0.1% | $25.1M+64.7% | $15.2M |
MHO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.4%-7.1pp | 24.5%-0.1pp | 24.6%-1.3pp | 25.9%+1.3pp | 24.6%-0.5pp | 25.1%-1.8pp | 26.9%+1.5pp | 25.5% |
| Operating Margin | 6.5%-5.4pp | 11.9%-1.4pp | 13.4%-1.1pp | 14.4%+0.8pp | 13.6%+0.3pp | 13.4%-3.1pp | 16.4%+1.6pp | 14.9% |
| Net Margin | 5.6%-3.8pp | 9.4%-1.0pp | 10.4%-1.0pp | 11.4%+0.3pp | 11.1%+0.3pp | 10.8%-2.5pp | 13.3%+1.6pp | 11.6% |
| Return on Equity | 2.0%-1.4pp | 3.4%-0.6pp | 3.9%+0.2pp | 3.7%-0.8pp | 4.5%+0.4pp | 4.2%-1.6pp | 5.7%+0.6pp | 5.1% |
| Return on Assets | 1.3%-0.9pp | 2.2%-0.3pp | 2.6%+0.1pp | 2.4%-0.5pp | 2.9%+0.3pp | 2.6%-0.9pp | 3.5%+0.4pp | 3.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.510.0 | 0.51-0.0 | 0.54+0.0 | 0.53-0.0 | 0.55-0.1 | 0.60-0.1 | 0.65-0.0 | 0.68 |
| FCF Margin | -1.1%-4.8pp | 3.7%+0.7pp | 3.0%-3.5pp | 6.5%-2.0pp | 8.5%+3.0pp | 5.5%-1.8pp | 7.4%-9.0pp | 16.4% |
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Frequently Asked Questions
What is M/I HOMES INC's annual revenue?
M/I HOMES INC (MHO) reported $4.4B in total revenue for fiscal year 2025. This represents a -1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is M/I HOMES INC's revenue growing?
M/I HOMES INC (MHO) revenue declined by 1.9% year-over-year, from $4.5B to $4.4B in fiscal year 2025.
Is M/I HOMES INC profitable?
Yes, M/I HOMES INC (MHO) reported a net income of $402.9M in fiscal year 2025, with a net profit margin of 9.1%.
What is M/I HOMES INC's earnings per share (EPS)?
M/I HOMES INC (MHO) reported diluted earnings per share of $14.74 for fiscal year 2025. This represents a -25.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is M/I HOMES INC's EBITDA?
M/I HOMES INC (MHO) had EBITDA of $525.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is M/I HOMES INC's gross margin?
M/I HOMES INC (MHO) had a gross margin of 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is M/I HOMES INC's operating margin?
M/I HOMES INC (MHO) had an operating margin of 11.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is M/I HOMES INC's net profit margin?
M/I HOMES INC (MHO) had a net profit margin of 9.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is M/I HOMES INC's return on equity (ROE)?
M/I HOMES INC (MHO) has a return on equity of 12.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is M/I HOMES INC's free cash flow?
M/I HOMES INC (MHO) generated $127.7M in free cash flow during fiscal year 2025. This represents a -25.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is M/I HOMES INC's operating cash flow?
M/I HOMES INC (MHO) generated $137.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are M/I HOMES INC's total assets?
M/I HOMES INC (MHO) had $4.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are M/I HOMES INC's capital expenditures?
M/I HOMES INC (MHO) invested $9.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does M/I HOMES INC buy back shares?
Yes, M/I HOMES INC (MHO) spent $202.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does M/I HOMES INC have outstanding?
M/I HOMES INC (MHO) had 26M shares outstanding as of fiscal year 2025.
What is M/I HOMES INC's debt-to-equity ratio?
M/I HOMES INC (MHO) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is M/I HOMES INC's return on assets (ROA)?
M/I HOMES INC (MHO) had a return on assets of 8.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is M/I HOMES INC's Piotroski F-Score?
M/I HOMES INC (MHO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are M/I HOMES INC's earnings high quality?
M/I HOMES INC (MHO) has an earnings quality ratio of 0.34x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can M/I HOMES INC cover its interest payments?
M/I HOMES INC (MHO) has an interest coverage ratio of 40511.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is M/I HOMES INC?
M/I HOMES INC (MHO) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.