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 INC (MHO) Financials

MHO

Trailing 12 months to June 30, 2026

Revenue $4.3B -5.0% YoY

Net Income $317.3M -37.9% YoY

EPS (Diluted) $11.91 -34.6% YoY

Free Cash Flow $196.1M +48.0% YoY

Market Cap $3.6B as of Sep 10, 2026

Price / Sales 0.8x on $4.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings 11.3x on $317.3M net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $3.2B equity, Q2 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 Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 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 $4.3B in revenue over the twelve months to Jun 30, 2026, down 5.0% 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 2026-08-29

M/I Homes’ 2025 slowdown exposed margin compression, weak cash conversion, and a balance sheet still strengthening through retained earnings and buybacks.

In FY2025, operating cash flow reached only $137M against $403M of net income, while free cash flow stayed close to operating cash flow because capital spending was modest. That combination indicates the earnings-to-cash gap reflects operating conversion or noncash items more than heavy reinvestment.

Revenue softened in FY2025 while gross margin fell from 26.6% to 23.0%, indicating that the earnings decline came primarily through production economics rather than only overhead. Operating margin also contracted from 15.7% to 11.5%, so pressure propagated into overall operating profitability.

Liabilities stayed near $1.61B as equity rose from $2.94B to $3.17B, pushing debt-to-equity down from 0.8x in FY2022 to 0.5x in FY2025. The financing outflow of $210M was close to the $202M spent on buybacks, so shareholder distributions absorbed most of that year’s financing cash movement.

Financial Health Signals

Financial Health Score 39/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 80/100, 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

M/I HOMES INC has a moderate D/E ratio of 0.51. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

Not available for M/I HOMES INC, and counted as zero in the overall score.

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

Not available for M/I HOMES INC, and counted as zero in the overall score.

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-8.5%

QoQ+15.5%

5Y CAGR+2.0%

10Y CAGR+10.2%

M/I HOMES INC generated $1.1B in revenue in Q2 2026. This represents a decrease of 8.5% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

EBITDA

$105.6M

YoY-33.8%

QoQ+17.2%

5Y CAGR-6.1%

M/I HOMES INC's EBITDA was $105.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.8% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.

Net Income

$79.1M

YoY-34.8%

QoQ+16.6%

5Y CAGR-6.0%

10Y CAGR+17.4%

M/I HOMES INC reported $79.1M in net income in Q2 2026. This represents a decrease of 34.8% from the same quarter a year earlier. Against the prior quarter it is up 16.6%.

EPS (Diluted)

$3.02

YoY-31.7%

QoQ+18.4%

5Y CAGR-3.3%

10Y CAGR+19.2%

M/I HOMES INC earned $3.02 per diluted share (EPS) in Q2 2026. This represents a decrease of 31.7% from the same quarter a year earlier. Against the prior quarter it is up 18.4%.

Cash & Balance Sheet

Free Cash Flow

$31.4M

YoY-10.6%

QoQ-76.8%

5Y CAGR-20.3%

10Y CAGR-2.2%

M/I HOMES INC generated $31.4M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 10.6% from the same quarter a year earlier. Against the prior quarter it is down 76.8%.

Cash & Debt

$735.9M

YoY-8.1%

QoQ-4.1%

5Y CAGR+14.6%

10Y CAGR+37.7%

M/I HOMES INC held $735.9M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

25M

YoY-4.2%

QoQ-1.2%

5Y CAGR-2.9%

10Y CAGR+0.2%

M/I HOMES INC had 25M shares outstanding in Q2 2026. This represents a decrease of 4.2% from the same quarter a year earlier. Against the prior quarter it is down 1.2%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

22.1%

YoY-2.5pp

QoQ+0.2pp

5Y CAGR-3.0pp

10Y CAGR+1.8pp

M/I HOMES INC's gross margin was 22.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Operating Margin

9.5%

YoY-3.9pp

QoQ+0.2pp

5Y CAGR-5.2pp

M/I HOMES INC's operating margin was 9.5% in Q2 2026, reflecting core business profitability. This is down 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Net Margin

7.4%

YoY-3.0pp

QoQ+0.1pp

5Y CAGR-3.8pp

10Y CAGR+3.5pp

M/I HOMES INC's net profit margin was 7.4% in Q2 2026, showing the share of revenue converted to profit. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Return on Equity

2.5%

YoY-1.5pp

QoQ+0.3pp

5Y CAGR-4.9pp

10Y CAGR-0.1pp

M/I HOMES INC's ROE was 2.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Capital Allocation

Share Buybacks

$50.0M

YoY-0.2%

QoQ0.0%

M/I HOMES INC spent $50.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 0.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Expenditures

$5.4M

YoY+105.9%

QoQ+3389.0%

5Y CAGR+43.7%

10Y CAGR+32.5%

M/I HOMES INC invested $5.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 105.9% from the same quarter a year earlier. Against the prior quarter it is up 3389.0%.

R&D Spending

Not reported for Q2 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	$4.3B	$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	$915.9M	$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	$267.8M	$262.8M+1.7%	$258.4M+16.0%	$222.8M+3.7%	$214.8M+11.9%	$192.0M+8.1%	$177.5M+20.0%	$148.0M+7.4%	$137.8M+9.1%	$126.3M+13.2%	$111.6M+19.7%	$93.2M+4.9%	$88.8M+11.7%	$79.5M+26.9%	$62.6M+18.9%	$52.7M
Operating Income	$397.3M	$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%	$28.8M+252.6%	-$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%	$38.6M+440.7%	-$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	$96.7M	$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%	$18.9M+117.2%	-$110.1M-18622.4%	-$588K-2252.0%	-$25K
Net Income	$317.3M	$402.9M-28.5%	$563.7M+21.1%	$465.4M-5.2%	$490.7M+23.6%	$396.9M+65.5%	$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%	$13.3M+139.4%	-$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%	$0.68+137.6%	-$1.81
EPS (Diluted)	$11.91	$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%	$0.67+137.0%	-$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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$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%	$1.1B+9.2%
Cost of Revenue	$827.8M-5.5%	$718.1M-0.7%	$947.2M+4.3%	$854.1M+2.5%	$876.0M+9.4%	$723.3M-5.2%	$908.5M+24.8%	$833.5M+9.0%
Gross Profit	$235.5M-17.8%	$202.6M-19.9%	$200.1M-32.6%	$277.7M-10.3%	$286.6M-7.3%	$252.8M-10.8%	$296.8M+21.5%	$309.4M+9.8%
SG&A Expenses	$70.2M+4.4%	$61.2M+3.6%	$65.7M-6.3%	$70.8M+3.6%	$67.2M+5.1%	$59.1M+5.3%	$70.1M+16.2%	$68.3M+22.2%
Operating Income	$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%	$182.0M+5.7%
EBITDA	$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%	$185.7M+5.9%
Income Tax	$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%	$43.2M+11.0%
Net Income	$79.1M-34.8%	$67.8M-39.0%	$63.9M-52.1%	$106.5M-26.8%	$121.2M-17.4%	$111.2M-19.4%	$133.4M+26.7%	$145.4M+4.6%
EPS (Basic)	$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%	$5.26+5.6%
EPS (Diluted)	$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%	$5.10+5.8%
Diluted Shares (Avg)	26M-4.4%	27M-4.9%	N/A	27M-4.7%	27M-4.4%	28M-3.3%	N/A	29M-1.1%

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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M0.0%	$16.4M	$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
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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$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%	$4.5B+11.4%
Cash & Equivalents	$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%	$719.9M-2.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
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-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%	$1.6B+2.3%
Total Equity	$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%	$2.8B+17.3%
Retained Earnings	$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%	$2.7B+24.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, 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	$207.2M	$137.3M-23.6%	$179.7M-67.4%	$552.1M+200.0%	$184.1M+1194.2%	-$16.8M-110.0%	$168.3M+156.5%	$65.6M+2632.1%	-$2.6M+95.1%	-$53.2M-255.5%	$34.2M+141.5%	-$82.4M+37.8%	-$132.5M-79.1%	-$74.0M-57.4%	-$47.0M-38.4%	-$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	$11.2M	$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	$196.1M	$127.7M-25.4%	$171.3M-68.6%	$546.4M+212.7%	$174.7M+514.8%	-$42.1M-126.9%	$156.7M+156.4%	$61.1M+669.3%	-$10.7M+82.7%	-$62.0M-393.9%	$21.1M+124.5%	-$86.0M+36.5%	-$135.4M-77.4%	-$76.4M-59.3%	-$47.9M-35.7%	-$35.3M
Investing Cash Flow	-$51.2M	-$59.7M-8.8%	-$54.9M-194.6%	-$18.6M+32.0%	-$27.4M+47.1%	-$51.7M-52.7%	-$33.9M-22.7%	-$27.6M+79.4%	-$134.0M-1362.9%	-$9.2M+71.1%	-$31.6M+23.7%	-$41.5M-110.5%	-$19.7M+44.6%	-$35.6M-240.4%	$25.3M+371.6%	-$9.3M
Financing Cash Flow	-$220.5M	-$210.0M-482.1%	-$36.1M+67.9%	-$112.2M-37.7%	-$81.5M-284.8%	$44.1M-63.3%	$120.3M+324.9%	-$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	$0	$0-100.0%	$3.7M+175.0%	-$4.9M0.0%	-$4.9M0.0%	-$4.9M-33.3%	-$3.7M	$0	$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%	$25.7M	$0	$0	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$36.8M-2.5%	$135.7M+109.2%	-$8.7M-108.3%	$43.4M+163.9%	$37.8M+37.2%	$64.9M-44.0%	$104.4M+90.2%	-$67.9M-185.4%
Depreciation & Amortization	$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%	$3.7M+13.9%
Stock-Based Compensation	N/A	$4.2M-0.4%	N/A	N/A	N/A	$4.2M+18.7%	N/A	N/A
Capital Expenditures	$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%	$580K-76.7%
Free Cash Flow	$31.4M-10.6%	$135.6M+113.3%	-$13.0M-112.7%	$42.0M+161.3%	$35.1M+59.6%	$63.5M-45.0%	$102.3M+90.4%	-$68.5M-188.9%
Investing Cash Flow	-$11.9M+3.6%	$5.1M+274.8%	-$29.0M-194.6%	-$15.5M+11.7%	-$12.3M-18.1%	-$2.9M+82.9%	-$9.9M-119.1%	-$17.5M-54.4%
Financing Cash Flow	-$56.4M-3880.8%	-$62.6M+41.6%	-$7.2M-201.7%	-$94.2M-193.4%	-$1.4M+97.2%	-$107.2M-376.9%	$7.1M+113.2%	-$32.1M-12948.8%
Share Buybacks	$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%	$50.2M+100.5%

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	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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	22.1%-2.5pp	22.0%-3.9pp	17.4%-7.2pp	24.5%-2.5pp	24.6%-3.2pp	25.9%-1.2pp	24.6%-0.5pp	27.1%+0.2pp
Operating Margin	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	15.9%-0.5pp
Net Margin	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%+0.2pp	12.7%-0.6pp
Return on Equity	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	5.1%-0.6pp
Return on Assets	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	3.3%-0.2pp
Debt-to-Equity	0.500.0x	0.500.0x	0.510.0x	0.51-0.1x	0.540.0x	0.53-0.1x	0.55-0.1x	0.57-0.1x
Asset Turnover	0.220.0x	0.190.0x	0.240.0x	0.240.0x	0.250.0x	0.210.0x	0.260.0x	0.260.0x
FCF Margin	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	-6.0%-13.4pp

Not reported in any period shown, so not listed: Current Ratio.

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%	$3.6B	39/100
KB Home KBH	FY2025	$6.2B	$428.8M	6.9%	$3.1B	23/100
Cavco Industries CVCO	FY2026	$2.2B	$191.2M	8.5%	$4.2B	71/100
Champion Homes SKY	FY2026	$2.7B	$206.9M	7.8%	$4.6B	74/100
Meritage Homes Corp MTH	FY2025	N/A	$453.0M	N/A	$4.2B	—
Tri Pointe Homes Inc TPH	FY2025	$3.5B	$241.1M	7.0%	$4.0B	35/100

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 $402.9M in fiscal year 2025, 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 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 P/E ratio?

M/I HOMES INC (MHO) trades at 11.3x earnings, its market capitalization divided by net income of $317.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.6B as of Sep 10, 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 0.8x sales, its market capitalization divided by revenue of $4.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.6B as of Sep 10, 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 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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. 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.