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.

M/I Homes (MHO) Financials

MHO NYSE

Trailing 12 months to September 30, 2026

Revenue $4.2B -6.0% YoY

Net Income $277.4M -41.3% YoY

EPS (Diluted) $10.55 -38.1% YoY

Free Cash Flow $137.1M -43.6% YoY

Market Cap $3.1B as of Oct 26, 2026

Price / Sales 0.7x on $4.2B revenue, trailing 12 months to September 30, 2026

Price / Earnings 11.3x on $277.4M net income, trailing 12 months to September 30, 2026

Price / Book 1.0x on $3.3B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Sep 30, 2026 Reported Oct 23, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MHO SEC filings page.

M/I Homes, Inc. (MHO) reported $4.2B in revenue over the twelve months to Sep 30, 2026, down 6.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI MHO FY2025 2026-10-23

M/I Homes remains profitable and lightly burdened by liabilities, but FY2025 exposed weaker margins and cash conversion despite a larger balance sheet.

The key shift is earnings quality: operating cash flow represented 118.6% of net income in FY2023 but only 34.1% in FY2025, so accounting profit became less cash-backed. Free-cash-flow margin also fell from 13.6% to 2.9%, showing the cash gap persisted beyond a single period.

Revenue fell 1.9% while cost of revenue rose 2.9%, making the 2025 slowdown a cost problem as well as a volume problem. Gross margin fell 3.6 percentage points to 23.0% while SG&A increased, showing pressure from both production costs and overhead.

Liabilities represented 33.7% of assets in FY2025, down from 35.4% in FY2024, so the larger asset base was not funded by comparable liability growth. Buybacks totaled $202M against free cash flow of $128M, meaning shareholder distributions exceeded internally generated free cash flow.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 58/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of M/I Homes, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

M/I Homes, Inc. has an operating margin of 11.5%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 15.7% the prior year.

Growth

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 48/100.

Leverage

Liquidity

n/a

Not available for M/I Homes, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Cash Flow

M/I Homes, Inc. has a free cash flow margin of 2.9%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

n/a

Not available for M/I Homes, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Piotroski F-Score Partial

3/7

M/I Homes, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.34x

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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1B

YoY-4.9%

QoQ+1.2%

5Y CAGR+3.5%

10Y CAGR+9.3%

M/I Homes, Inc. generated $1.1B in revenue in Q3 2026. This represents a decrease of 4.9% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

EBITDA

$88.0M

YoY-36.8%

QoQ-16.7%

5Y CAGR-7.3%

M/I Homes, Inc.'s EBITDA was $88.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 36.8% from the same quarter a year earlier. Against the prior quarter it is down 16.7%.

Net Income

$66.6M

YoY-37.5%

QoQ-15.8%

5Y CAGR-6.1%

10Y CAGR+19.8%

M/I Homes, Inc. reported $66.6M in net income in Q3 2026. This represents a decrease of 37.5% from the same quarter a year earlier. Against the prior quarter it is down 15.8%.

EPS (Diluted)

$2.56

YoY-34.7%

QoQ-15.2%

5Y CAGR-3.3%

10Y CAGR+22.0%

M/I Homes, Inc. earned $2.56 per diluted share (EPS) in Q3 2026. This represents a decrease of 34.7% from the same quarter a year earlier. Against the prior quarter it is down 15.2%.

Cash & Balance Sheet

Free Cash Flow

-$17.0M

YoY-140.4%

QoQ-153.9%

5Y CAGRn/m

10Y CAGRn/m

M/I Homes, Inc. recorded an outflow of $17.0M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 140.4% from the same quarter a year earlier. Against the prior quarter it is down 153.9%.

Cash & Debt

$620.6M

YoY-15.5%

QoQ-15.7%

5Y CAGR+22.9%

10Y CAGR+38.8%

M/I Homes, Inc. held $620.6M in cash as of Q3 2026; no long-term debt figure is on record for that period.

Shares Outstanding

25M

YoY-4.3%

QoQ-1.0%

5Y CAGR-3.0%

10Y CAGR+0.1%

M/I Homes, Inc. had 25M shares outstanding in Q3 2026. This represents a decrease of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

20.9%

YoY-3.0pp

QoQ-1.3pp

5Y change-3.7pp

10Y change+3.0pp

M/I Homes, Inc.'s gross margin was 20.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Operating Margin

7.7%

YoY-4.2pp

QoQ-1.8pp

5Y change-6.1pp

M/I Homes, Inc.'s operating margin was 7.7% in Q3 2026, reflecting core business profitability. This is down 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.8 percentage points.

Net Margin

6.2%

YoY-3.2pp

QoQ-1.3pp

5Y change-3.9pp

10Y change+3.7pp

M/I Homes, Inc.'s net profit margin was 6.2% in Q3 2026, showing the share of revenue converted to profit. This is down 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Return on Equity

2.1%

YoY-1.3pp

QoQ-0.4pp

5Y change-3.8pp

10Y change+0.3pp

M/I Homes, Inc.'s quarterly ROE was 2.1% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Capital Allocation

Share Buybacks

$50.1M

YoY-0.2%

QoQ+0.1%

5Y CAGR+26.5%

M/I Homes, Inc. spent $50.1M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Capital Expenditures

$3.6M

YoY+158.8%

QoQ-32.4%

5Y CAGR+19.0%

10Y CAGR+19.9%

M/I Homes, Inc. invested $3.6M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 158.8% from the same quarter a year earlier. Against the prior quarter it is down 32.4%.

R&D Spending

Not reported for Q3 2026.

MHO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MHO quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.2B	$4.4B-1.9%	$4.5B+11.7%	$4.0B-2.4%	$4.1B+10.3%	$3.7B+23.0%	$3.0B+21.8%	$2.5B+9.4%	$2.3B+16.5%	$2.0B+16.0%	$1.7B+19.2%	$1.4B+16.7%	$1.2B+17.2%	$1.0B+36.1%	$761.9M+34.5%	$566.4M
Cost of Revenue	$3.3B	$3.4B+2.9%	$3.3B+9.7%	$3.0B-2.4%	$3.1B+8.8%	$2.8B+20.1%	$2.4B+17.7%	$2.0B+9.2%	$1.8B+17.7%	$1.6B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$870.3M	$1.0B-15.2%	$1.2B+17.7%	$1.0B-2.4%	$1.0B+14.8%	$908.9M+32.7%	$684.8M+38.5%	$494.4M+10.0%	$449.6M+12.1%	$400.9M	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.6M+50.0%	$2.4M-4.0%	$2.5M
SG&A Expenses	$525.0M	$510.6M+3.6%	$492.8M+14.2%	$431.7M+6.2%	$406.4M+4.0%	$390.6M+9.4%	$357.1M+18.1%	$302.3M+7.7%	$280.6M+10.2%	$254.6M+15.5%	$220.4M+17.1%	$188.3M+10.8%	$170.0M+15.0%	$147.8M+24.1%	$119.0M+23.7%	$96.2M
Operating Income	$345.3M	$506.6M-28.3%	$706.1M+20.2%	$587.2M-7.9%	$637.5M+23.0%	$518.3M+62.3%	$319.3M+70.6%	$187.1M+14.7%	$163.2M+17.7%	$138.7M+27.5%	$108.7M-2.7%	$111.8M+35.1%	$82.8M+41.0%	$58.7M+103.6%	$28.8Mn/m	-$18.9M
EBITDA	N/A	$525.5M-27.4%	$723.5M+20.0%	$603.0M-7.9%	$654.6M+22.3%	$535.2M+58.9%	$336.8M+65.9%	$203.0M+14.3%	$177.7M+16.3%	$152.8M+24.9%	$122.3M-0.3%	$122.7M+34.8%	$91.0M+35.9%	$67.0M+73.7%	$38.6Mn/m	-$11.3M
Interest Expense	N/A	N/A	N/A	-$20.0M-989.9%	$2.3M+4.4%	$2.2M-77.7%	$9.7M-54.7%	$21.4M+4.3%	$20.5M+8.5%	$18.9M+7.3%	$17.6M+0.4%	$17.5M+31.1%	$13.4M-16.1%	$15.9M-0.8%	$16.1M+7.1%	$15.0M
Income Tax	$83.7M	$123.6M-27.2%	$169.9M+19.7%	$141.9M-1.8%	$144.5M+28.8%	$112.2M+60.0%	$70.2M+82.6%	$38.4M+14.3%	$33.6M-30.3%	$48.2M+37.1%	$35.2M0.0%	$35.2M+85.6%	$18.9Mn/m	-$110.1Mn/m	-$588Kn/m	-$25K
Net Income	$277.4M	$402.9M-28.5%	$563.7M+21.1%	$465.4M-5.2%	$490.7M+23.6%	$396.9M+65.4%	$239.9M+88.0%	$127.6M+18.5%	$107.7M+49.4%	$72.1M+27.3%	$56.6M+9.4%	$51.8M+1.9%	$50.8M-66.5%	$151.4M+1034.5%	$13.3Mn/m	-$33.9M
EPS (Basic)	N/A	$15.07-25.7%	$20.29+21.1%	$16.76-4.8%	$17.60+29.0%	$13.64+62.8%	$8.38+83.0%	$4.58+20.2%	$3.81+48.2%	$2.57+22.4%	$2.10+9.9%	$1.91+1.6%	$1.88-69.2%	$6.11+798.5%	$0.68n/m	-$1.81
EPS (Diluted)	$10.55	$14.74-25.2%	$19.71+21.6%	$16.21-6.0%	$17.24+29.8%	$13.28+61.4%	$8.23+83.7%	$4.48+21.1%	$3.70+63.7%	$2.26+22.8%	$1.84+9.5%	$1.68+1.8%	$1.65-68.5%	$5.24+682.1%	$0.67n/m	-$1.81
Diluted Shares (Avg)	N/A	27M-4.4%	29M-0.4%	29M+0.9%	28M-4.7%	30M+2.5%	29M+2.4%	28M-2.4%	29M-4.9%	31M+1.9%	30M+0.2%	30M+0.5%	30M+4.0%	29M+44.6%	20M+6.4%	19M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$1.1B-4.9%	$1.1B-8.5%	$920.7M-5.7%	$1.1B-4.8%	$1.1B-1.0%	$1.2B+4.8%	$976.1M-6.7%	$1.2B+23.9%
Cost of Revenue	$851.6M-1.2%	$827.8M-5.5%	$718.1M-0.7%	$939.6M+3.4%	$861.7M+3.4%	$876.0M+9.4%	$723.3M-5.2%	$908.5M+24.8%
Gross Profit	$224.5M-16.9%	$235.5M-17.8%	$202.6M-19.9%	$207.7M-30.0%	$270.1M-12.7%	$286.6M-7.3%	$252.8M-10.8%	$296.8M+21.5%
SG&A Expenses	$141.2M+4.7%	$134.2M+2.5%	$116.5M+4.2%	$133.1M+0.2%	$134.8M+5.8%	$130.9M+6.9%	$111.9M+1.7%	$132.8M+16.0%
Operating Income	$83.3M-38.4%	$101.3M-35.0%	$86.1M-38.9%	$74.6M-54.5%	$135.3M-25.7%	$155.7M-16.6%	$140.9M-18.7%	$164.0M+26.3%
EBITDA	$88.0M-36.8%	$105.6M-33.8%	$90.1M-37.7%	$82.0M-52.0%	$139.3M-25.0%	$159.6M-16.2%	$144.6M-18.1%	$170.9M+25.6%
Income Tax	$20.3M-39.0%	$25.5M-34.4%	$21.3M-38.8%	$16.6M-55.3%	$33.3M-22.9%	$38.9M-18.0%	$34.9M-17.3%	$37.1M+13.4%
Net Income	$66.6M-37.5%	$79.1M-34.8%	$67.8M-39.0%	$64.0M-52.1%	$106.5M-26.8%	$121.2M-17.4%	$111.2M-19.4%	$133.5M+26.8%
EPS (Basic)	$2.62-34.7%	$3.08-31.9%	$2.61-35.9%	$2.47-49.0%	$4.01-23.8%	$4.52-14.1%	$4.07-17.3%	$4.84+27.7%
EPS (Diluted)	$2.56-34.7%	$3.02-31.7%	$2.55-35.9%	$2.42-48.7%	$3.92-23.1%	$4.42-13.7%	$3.98-16.7%	$4.72+30.0%
Diluted Shares (Avg)	26M-4.6%	26M-4.4%	27M-4.9%	N/A	27M-4.7%	27M-4.4%	28M-3.3%	N/A

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

MHO Balance Sheet

MHO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.8B+5.0%	$4.5B+13.1%	$4.0B+8.3%	$3.7B+14.7%	$3.2B+22.6%	$2.6B+25.5%	$2.1B+4.2%	$2.0B+8.4%	$1.9B+20.4%	$1.5B+9.4%	$1.4B+17.5%	$1.2B+8.6%	$1.1B+33.5%	$831.3M+25.1%	$664.5M
Cash & Equivalents	$689.2M-16.1%	$821.6M+12.1%	$732.8M+135.2%	$311.5M+31.8%	$236.4M-9.4%	$260.8M+4187.5%	$6.1M-71.7%	$21.5M-85.8%	$151.7M+340.5%	$34.4M+162.9%	$13.1M-41.7%	$22.5M-84.2%	$142.6M-2.0%	$145.5M+143.3%	$59.8M
Goodwill	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4Mn/m	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B+0.1%	$1.6B+6.9%	$1.5B-8.4%	$1.6B+1.8%	$1.6B+16.7%	$1.4B+25.6%	$1.1B-5.5%	$1.2B+4.4%	$1.1B+24.9%	$894.3M+9.2%	$819.0M+23.9%	$660.9M+7.1%	$617.4M+24.5%	$495.9M+26.8%	$391.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.3M+788.1%	$261K-94.4%	$4.7M-57.1%	$10.9M-33.6%	$16.5M+28.3%	$12.8M-18.0%	$15.6M+381.1%	$3.3M
Total Equity	$3.2B+7.7%	$2.9B+16.8%	$2.5B+21.5%	$2.1B+27.5%	$1.6B+29.0%	$1.3B+25.4%	$1.0B+17.3%	$855.3M+14.5%	$747.3M+14.2%	$654.2M+9.7%	$596.6M+9.6%	$544.3M+10.4%	$492.8M+46.9%	$335.4M+22.7%	$273.4M
Retained Earnings	$3.3B+14.1%	$2.9B+24.5%	$2.3B+25.3%	$1.8B+36.5%	$1.3B+41.8%	$948.5M+33.9%	$708.6M+22.0%	$581.0M+22.7%	$473.3M+16.3%	$407.2M+14.6%	$355.4M+15.2%	$308.5M+17.5%	$262.6M+124.4%	$117.0M+12.9%	$103.7M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$4.9B+1.9%	$4.9B+2.4%	$4.8B+4.4%	$4.8B+5.0%	$4.8B+6.9%	$4.7B+9.2%	$4.6B+8.9%	$4.5B+13.1%
Cash & Equivalents	$620.6M-15.5%	$735.9M-8.1%	$767.4M-1.2%	$689.2M-16.1%	$734.2M+2.0%	$800.4M-4.4%	$776.4M-10.8%	$821.6M+12.1%
Goodwill	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%
Total Liabilities	$1.6B-0.8%	$1.6B-1.8%	$1.6B+1.1%	$1.6B+0.1%	$1.6B+0.3%	$1.7B+3.7%	$1.6B+0.4%	$1.6B+6.9%
Total Equity	$3.3B+3.3%	$3.2B+4.7%	$3.2B+6.2%	$3.2B+7.7%	$3.1B+10.7%	$3.1B+12.4%	$3.0B+13.9%	$2.9B+16.8%
Retained Earnings	$3.5B+8.7%	$3.4B+10.2%	$3.3B+12.1%	$3.3B+14.1%	$3.2B+17.3%	$3.1B+19.8%	$3.0B+22.0%	$2.9B+24.5%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

MHO Cash Flow Statement

MHO quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$150.5M	$137.3M-23.6%	$179.7M-67.4%	$552.1M+200.0%	$184.1Mn/m	-$16.8M-110.0%	$168.3M+156.5%	$65.6Mn/m	-$2.6Mn/m	-$53.2M-255.5%	$34.2Mn/m	-$82.4Mn/m	-$132.5Mn/m	-$74.0Mn/m	-$47.0Mn/m	-$34.0M
Depreciation & Amortization	N/A	$18.9M+8.7%	$17.4M+10.1%	$15.8M-8.1%	$17.2M+1.5%	$16.9M-3.8%	$17.6M+10.2%	$15.9M+9.8%	$14.5M+2.5%	$14.2M+4.2%	$13.6M+24.5%	$10.9M+31.7%	$8.3M-0.2%	$8.3M-14.7%	$9.7M+28.6%	$7.6M
Stock-Based Compensation	N/A	$17.0M+16.7%	$14.6M+28.1%	$11.4M+29.4%	$8.8M+2.7%	$8.6M+19.9%	$7.1M+22.1%	$5.8M-2.1%	$6.0M-1.2%	$6.0M+13.7%	$5.3M+34.8%	$3.9M+22.6%	$3.2M+37.2%	$2.3M+35.2%	$1.7M-7.1%	$1.9M
Capital Expenditures	$13.4M	$9.6M+14.2%	$8.4M+45.9%	$5.8M-38.2%	$9.3M-63.1%	$25.3M+116.7%	$11.7M+158.0%	$4.5M-44.4%	$8.1M-7.5%	$8.8M-32.9%	$13.1M+258.2%	$3.7M+24.2%	$2.9M+23.7%	$2.4M+155.3%	$933K-31.0%	$1.4M
Free Cash Flow	$137.1M	$127.7M-25.4%	$171.3M-68.6%	$546.4M+212.7%	$174.7Mn/m	-$42.1M-126.9%	$156.7M+156.4%	$61.1Mn/m	-$10.7Mn/m	-$62.0M-393.9%	$21.1Mn/m	-$86.0Mn/m	-$135.4Mn/m	-$76.4Mn/m	-$47.9Mn/m	-$35.3M
Investing Cash Flow	-$69.8M	-$59.7Mn/m	-$54.9Mn/m	-$18.6Mn/m	-$27.4Mn/m	-$51.7Mn/m	-$33.9Mn/m	-$27.6Mn/m	-$134.0Mn/m	-$9.2Mn/m	-$31.6Mn/m	-$41.5Mn/m	-$19.7Mn/m	-$35.6M-240.4%	$25.3Mn/m	-$9.3M
Financing Cash Flow	-$194.3M	-$210.0Mn/m	-$36.1Mn/m	-$112.2Mn/m	-$81.5M-284.8%	$44.1M-63.3%	$120.3Mn/m	-$53.5M-938.9%	$6.4M-96.5%	$179.6M+855.9%	$18.8M-83.6%	$114.5M+257.0%	$32.1M-65.4%	$92.8M-13.6%	$107.4M+391.0%	$21.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0-100.0%	$3.7M-25.0%	$4.9M0.0%	$4.9M0.0%	$4.9M+33.3%	$3.7Mn/m	$0n/m	$0
Share Buybacks	$201.9M	$202.0M+14.2%	$177.0M+170.8%	$65.3M+18.1%	$55.3M+7.4%	$51.5M+2594.6%	$1.9M-62.9%	$5.2M-80.0%	$25.7Mn/m	$0n/m	$0	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$13.3M-130.7%	$36.8M-2.5%	$135.7M+109.2%	-$8.7M-108.3%	$43.4Mn/m	$37.8M+37.2%	$64.9M-44.0%	$104.4M+90.2%
Depreciation & Amortization	$4.7M+18.8%	$4.4M+13.2%	$4.1M+10.5%	$7.4M+7.2%	$4.0M+8.9%	$3.8M+8.6%	$3.7M+11.7%	$6.9M+10.4%
Stock-Based Compensation	N/A	N/A	$4.2M-0.4%	N/A	N/A	N/A	$4.2M+18.7%	N/A
Capital Expenditures	$3.6M+158.8%	$5.4M+105.9%	$154K-88.5%	$4.3M+106.0%	$1.4M+142.1%	$2.6M-52.5%	$1.3M+385.1%	$2.1M+78.8%
Free Cash Flow	-$17.0M-140.4%	$31.4M-10.6%	$135.6M+113.3%	-$13.0M-112.7%	$42.0Mn/m	$35.1M+59.6%	$63.5M-45.0%	$102.3M+90.4%
Investing Cash Flow	-$34.0Mn/m	-$11.9Mn/m	$5.1Mn/m	-$29.0Mn/m	-$15.5Mn/m	-$12.3Mn/m	-$2.9Mn/m	-$9.9Mn/m
Financing Cash Flow	-$68.0Mn/m	-$56.4Mn/m	-$62.6Mn/m	-$7.2M-201.7%	-$94.2Mn/m	-$1.4Mn/m	-$107.2M-376.9%	$7.1Mn/m
Share Buybacks	$50.1M-0.2%	$50.0M-0.2%	$50.1M0.0%	$51.7M+1.0%	$50.2M-0.1%	$50.1M-0.3%	$50.1M+98.0%	$51.1M+103.8%

Not reported in any period shown, so not listed: Dividends Paid.

MHO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MHO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	23.0%-3.6pp	26.6%+1.4pp	25.3%0.0pp	25.3%+1.0pp	24.3%+1.8pp	22.5%+2.7pp	19.8%+0.1pp	19.7%-0.8pp	20.4%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	11.5%-4.2pp	15.7%+1.1pp	14.6%-0.9pp	15.4%+1.6pp	13.8%+3.4pp	10.5%+3.0pp	7.5%+0.3pp	7.1%+0.1pp	7.1%+0.6pp	6.4%-1.4pp	7.9%+1.1pp	6.8%+1.1pp	5.7%+1.9pp	3.8%+7.1pp	-3.3%
Net Margin	9.1%-3.4pp	12.5%+1.0pp	11.5%-0.3pp	11.9%+1.3pp	10.6%+2.7pp	7.9%+2.8pp	5.1%+0.4pp	4.7%+1.0pp	3.7%+0.3pp	3.4%-0.3pp	3.6%-0.5pp	4.2%-10.4pp	14.6%+12.9pp	1.8%+7.7pp	-6.0%
Return on Equity	12.7%-6.5pp	19.2%+0.7pp	18.5%-5.2pp	23.7%-0.7pp	24.4%+5.4pp	19.1%+6.3pp	12.7%+0.1pp	12.6%+2.9pp	9.7%+1.0pp	8.6%0.0pp	8.7%-0.6pp	9.3%-21.4pp	30.7%+26.8pp	4.0%+16.4pp	-12.4%
Return on Assets	8.4%-4.0pp	12.4%+0.8pp	11.6%-1.6pp	13.2%+1.0pp	12.3%+3.2pp	9.1%+3.0pp	6.1%+0.7pp	5.3%+1.5pp	3.9%+0.2pp	3.7%0.0pp	3.7%-0.5pp	4.2%-9.4pp	13.6%+12.0pp	1.6%+6.7pp	-5.1%
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.000.0x	0.000.0x	0.010.0x	0.020.0x	0.030.0x	0.030.0x	0.050.0x	0.01
Liabilities-to-Equity	0.510.0x	0.55-0.1x	0.60-0.2x	0.79-0.2x	0.99-0.1x	1.100.0x	1.10-0.3x	1.36-0.1x	1.50+0.1x	1.370.0x	1.37+0.2x	1.210.0x	1.25-0.2x	1.480.0x	1.43
Asset Turnover	0.92-0.1x	0.990.0x	1.00-0.1x	1.110.0x	1.160.0x	1.150.0x	1.19+0.1x	1.13+0.1x	1.050.0x	1.09+0.1x	1.000.0x	1.01+0.1x	0.930.0x	0.92+0.1x	0.85
FCF Margin	2.9%-0.9pp	3.8%-9.8pp	13.6%+9.3pp	4.2%+5.3pp	-1.1%-6.3pp	5.1%+2.7pp	2.4%+2.9pp	-0.5%+2.7pp	-3.2%-4.4pp	1.3%+7.3pp	-6.1%+5.1pp	-11.2%-3.8pp	-7.4%-1.1pp	-6.3%-0.1pp	-6.2%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	20.9%-3.0pp	22.1%-2.5pp	22.0%-3.9pp	18.1%-6.5pp	23.9%-3.2pp	24.6%-3.2pp	25.9%-1.2pp	24.6%-0.5pp
Operating Margin	7.7%-4.2pp	9.5%-3.9pp	9.3%-5.1pp	6.5%-7.1pp	11.9%-4.0pp	13.4%-3.4pp	14.4%-2.1pp	13.6%+0.3pp
Net Margin	6.2%-3.2pp	7.4%-3.0pp	7.4%-4.0pp	5.6%-5.5pp	9.4%-3.3pp	10.4%-2.8pp	11.4%-1.8pp	11.1%+0.3pp
Return on Equity	2.1%-1.3pp	2.5%-1.5pp	2.1%-1.6pp	2.0%-2.5pp	3.4%-1.7pp	3.9%-1.4pp	3.7%-1.5pp	4.5%+0.4pp
Return on Assets	1.4%-0.9pp	1.6%-0.9pp	1.4%-1.0pp	1.3%-1.6pp	2.2%-1.0pp	2.6%-0.8pp	2.4%-0.9pp	2.9%+0.3pp
Liabilities-to-Equity	0.490.0x	0.500.0x	0.500.0x	0.510.0x	0.51-0.1x	0.540.0x	0.53-0.1x	0.55-0.1x
Asset Turnover	0.220.0x	0.220.0x	0.190.0x	0.240.0x	0.240.0x	0.250.0x	0.210.0x	0.260.0x
FCF Margin	-1.6%-5.3pp	3.0%-0.1pp	14.7%+8.2pp	-1.1%-9.6pp	3.7%+9.7pp	3.0%+1.0pp	6.5%-4.5pp	8.5%+3.0pp

Not reported in any period shown, so not listed: Current Ratio, Debt-to-Equity.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
M/I Homes, Inc. MHO	FY2025	$4.4B	$402.9M	9.1%	$3.1B	58/100
KB Home KBH	FY2025	$6.2B	$428.8M	6.9%	$2.8B	51/100
Cavco Industries Inc. CVCO	FY2026	$2.2B	$190.6M	8.5%	$4.1B	71/100
Champion Homes, Inc. SKY	FY2026	$2.7B	$206.9M	7.8%	$4.3B	73/100
Meritage Homes Corporation MTH	FY2025	N/A	$453.0M	N/A	$4.1B	—

Where M/I Homes, Inc. Ranks

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 $277.4M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $402.9M, with a net profit margin of 9.1%.

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 liabilities-to-equity ratio?

M/I Homes, Inc. (MHO) had a liabilities-to-equity ratio of 0.51 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

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 P/E ratio?

M/I Homes, Inc. (MHO) trades at 11.3x earnings, its market capitalization divided by $277.4M net income, trailing 12 months to September 30, 2026. The market capitalization is $3.1B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is M/I Homes, Inc.'s price-to-sales ratio?

M/I Homes, Inc. (MHO) trades at 0.7x sales, its market capitalization divided by $4.2B revenue, trailing 12 months to September 30, 2026. The market capitalization is $3.1B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is M/I Homes, Inc.'s Piotroski F-Score?

M/I Homes, Inc. (MHO) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.

How financially healthy is M/I Homes, Inc.?

M/I Homes, Inc. (MHO) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For M/I Homes, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.