M/I Homes Key Executives
This section highlights M/I Homes's key executives, including their titles and compensation details.
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M/I Homes Earnings
This section highlights M/I Homes's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2025 | 2025-04-23 | $4.16 | $3.98 |
| Read Transcript | Q4 | 2024 | 2025-01-29 | $4.96 | $4.71 |
| Read Transcript | Q3 | 2024 | 2024-10-30 | $4.94 | $5.10 |
| Read Transcript | Q2 | 2024 | 2024-07-30 | $4.59 | $5.12 |
| Read Transcript | Q1 | 2024 | 2024-04-24 | $3.96 | $4.78 |
| Read Transcript | Q4 | 2023 | 2024-01-31 | $4.94 | $3.66 |
| Read Transcript | Q3 | 2023 | 2023-10-25 | $4.27 | $4.82 |
| Read Transcript | Q2 | 2023 | 2023-07-26 | $2.45 | $4.12 |
| Read Transcript | Q1 | 2023 | 2023-04-26 | $2.36 | $3.64 |
Financial Statements
Access annual & quarterly financial statements for M/I Homes, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $4.50B | $4.03B | $4.13B | $3.75B | $3.05B |
| Cost of Revenue | $3.31B | $3.01B | $3.09B | $2.84B | $2.37B |
| Gross Profit | $1.20B | $1.02B | $1.04B | $908.91M | $676.34M |
| Gross Profit Ratio | 26.61% | 25.26% | 25.27% | 24.26% | 22.20% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $258.42M | $222.76M | $214.81M | $192.01M | $177.55M |
| Selling and Marketing Expenses | $234.37M | $208.94M | $191.58M | $198.61M | $179.53M |
| Selling General and Administrative Expenses | $492.80M | $431.71M | $406.39M | $390.62M | $357.08M |
| Other Expenses | $- | $- | $6.00K | $2.05M | $466.00K |
| Operating Expenses | $492.80M | $431.71M | $406.39M | $390.62M | $357.08M |
| Cost and Expenses | $3.80B | $3.46B | $3.49B | $3.23B | $2.73B |
| Interest Income | $- | $- | $2.87M | $1.76M | $6.76M |
| Interest Expense | $- | $- | $2.25M | $2.16M | $9.68M |
| Depreciation and Amortization | $15.45M | $14.49M | $14.61M | $14.33M | $15.06M |
| EBITDA | $721.55M | $601.72M | $652.06M | $532.63M | $339.83M |
| EBITDA Ratio | 16.02% | 14.92% | 15.78% | 14.22% | 11.16% |
| Operating Income | $706.09M | $576.86M | $637.45M | $518.30M | $319.26M |
| Operating Income Ratio | 15.67% | 14.30% | 15.43% | 13.84% | 10.48% |
| Total Other Income Expenses Net | $27.51M | $30.41M | $-2.24M | $-9.18M | $-14.73M |
| Income Before Tax | $733.61M | $607.28M | $635.21M | $509.11M | $310.04M |
| Income Before Tax Ratio | 16.29% | 15.06% | 15.38% | 13.59% | 10.18% |
| Income Tax Expense | $169.88M | $141.91M | $144.54M | $112.25M | $70.17M |
| Net Income | $563.73M | $465.37M | $490.66M | $396.87M | $239.87M |
| Net Income Ratio | 12.51% | 11.54% | 11.88% | 10.59% | 7.87% |
| EPS | $20.29 | $16.76 | $17.60 | $13.64 | $8.38 |
| EPS Diluted | $19.71 | $16.21 | $17.24 | $13.28 | $8.23 |
| Weighted Average Shares Outstanding | 27.78M | 27.77M | 27.88M | 29.09M | 28.61M |
| Weighted Average Shares Outstanding Diluted | 28.60M | 28.72M | 28.46M | 29.88M | 29.15M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $976.09M | $1.21B | $1.14B | $1.11B | $1.04B | $975.80M | $1.05B | $1.01B | $1.00B | $1.22B | $1.01B | $1.04B | $860.81M | $1.05B | $904.32M | $961.04M | $828.78M | $906.43M | $847.92M | $714.19M |
| Cost of Revenue | $- | $908.45M | $833.47M | $800.50M | $763.36M | $728.20M | $764.64M | $755.83M | $765.90M | $942.47M | $741.01M | $756.37M | $647.70M | $808.15M | $682.57M | $719.67M | $626.59M | $697.68M | $653.41M | $557.79M |
| Gross Profit | $976.09M | $296.82M | $309.44M | $308.74M | $280.70M | $247.60M | $281.73M | $258.18M | $234.63M | $274.53M | $271.92M | $284.29M | $213.11M | $243.60M | $221.75M | $241.37M | $202.19M | $208.75M | $194.51M | $156.40M |
| Gross Profit Ratio | 100.00% | 24.63% | 27.07% | 27.83% | 26.89% | 25.37% | 26.92% | 25.46% | 23.45% | 22.56% | 26.84% | 27.32% | 24.76% | 23.16% | 24.52% | 25.12% | 24.40% | 23.03% | 22.94% | 21.90% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $59.07M | $70.06M | $68.28M | $63.99M | $56.08M | $60.28M | $55.87M | $55.65M | $50.96M | $52.56M | $58.25M | $55.22M | $48.78M | $48.31M | $49.42M | $49.08M | $45.20M | $53.78M | $48.88M | $41.04M |
| Selling and Marketing Expenses | $52.79M | $62.77M | $59.16M | $58.49M | $53.94M | $54.26M | $53.73M | $51.87M | $49.08M | $57.58M | $46.37M | $46.21M | $41.42M | $55.23M | $47.11M | $50.58M | $45.69M | $52.04M | $49.54M | $41.13M |
| Selling General and Administrative Expenses | $111.86M | $132.83M | $127.45M | $122.49M | $110.02M | $114.54M | $109.60M | $107.53M | $100.04M | $110.14M | $104.62M | $101.42M | $90.20M | $103.54M | $96.53M | $99.65M | $90.89M | $105.83M | $98.42M | $82.16M |
| Other Expenses | $- | $- | $- | $- | $- | $-1.00K | $-1.00K | $28.00K | $7.00K | $-11.00K | $- | $1.00K | $16.00K | $1.90M | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $111.86M | $132.83M | $127.45M | $122.49M | $110.02M | $114.54M | $109.60M | $107.53M | $100.04M | $110.14M | $104.62M | $101.42M | $90.20M | $103.54M | $96.53M | $99.65M | $90.89M | $105.83M | $98.42M | $82.16M |
| Cost and Expenses | $829.97M | $1.04B | $960.92M | $922.99M | $873.38M | $842.74M | $874.24M | $863.35M | $865.94M | $1.05B | $845.63M | $857.79M | $737.91M | $911.69M | $779.10M | $819.33M | $717.48M | $803.50M | $751.83M | $639.96M |
| Interest Income | $- | $- | $- | $- | $- | $8.13M | $5.83M | $4.67M | $1.39M | $1.77M | $649.00K | $- | $- | $- | $74.00K | $- | $- | $- | $- | $- |
| Interest Expense | $-5.20M | $- | $- | $- | $- | $8.94M | $- | $- | $- | $185.00K | $701.00K | $693.00K | $671.00K | $602.00K | $- | $452.00K | $1.18M | $1.23M | $1.24M | $2.52M |
| Depreciation and Amortization | $- | $- | $4.01M | $3.80M | $3.66M | $3.66M | $3.50M | $3.60M | $3.74M | $3.71M | $3.71M | $3.64M | $3.54M | $3.73M | $3.66M | $3.48M | $3.46M | $3.92M | $3.95M | $3.60M |
| EBITDA | $- | $163.99M | $192.68M | $190.04M | $174.34M | $136.72M | $175.63M | $154.26M | $136.00M | $166.15M | $171.00M | $186.51M | $126.45M | $142.66M | $128.88M | $144.24M | $113.82M | $114.41M | $99.34M | $77.22M |
| EBITDA Ratio | 0.00% | 13.61% | 16.86% | 17.13% | 16.70% | 14.01% | 16.78% | 15.21% | 13.59% | 13.65% | 16.88% | 17.92% | 14.69% | 13.56% | 14.25% | 15.01% | 13.73% | 12.62% | 11.72% | 10.81% |
| Operating Income | $864.23M | $163.99M | $179.12M | $186.25M | $170.68M | $133.06M | $172.13M | $150.66M | $134.59M | $164.39M | $167.29M | $182.87M | $122.91M | $140.06M | $125.22M | $141.71M | $111.30M | $102.92M | $96.10M | $74.24M |
| Operating Income Ratio | 88.54% | 13.61% | 15.67% | 16.79% | 16.35% | 13.64% | 16.45% | 14.86% | 13.45% | 13.51% | 16.52% | 17.57% | 14.28% | 13.32% | 13.85% | 14.75% | 13.43% | 11.35% | 11.33% | 10.39% |
| Total Other Income Expenses Net | $-718.11M | $6.57M | $9.55M | $10.83M | $9.56M | $595.35M | $5.83M | $4.13M | $1.40M | $-196.00K | $-701.00K | $-692.00K | $-655.00K | $1.30M | $-9.05M | $-417.00K | $-73.00K | $-1.07M | $-987.00K | $-2.51M |
| Income Before Tax | $146.12M | $170.56M | $188.67M | $194.14M | $180.24M | $137.97M | $177.96M | $155.36M | $135.98M | $164.19M | $166.59M | $182.17M | $122.25M | $141.36M | $116.17M | $141.30M | $110.28M | $101.85M | $95.11M | $71.73M |
| Income Before Tax Ratio | 14.97% | 14.15% | 16.51% | 17.50% | 17.26% | 14.14% | 17.01% | 15.32% | 13.59% | 13.49% | 16.45% | 17.51% | 14.20% | 13.44% | 12.85% | 14.70% | 13.31% | 11.24% | 11.22% | 10.04% |
| Income Tax Expense | $34.88M | $37.09M | $43.22M | $47.39M | $42.18M | $32.69M | $38.95M | $37.36M | $32.92M | $33.80M | $35.00M | $45.34M | $30.41M | $27.98M | $25.16M | $33.69M | $25.41M | $21.77M | $21.57M | $17.22M |
| Net Income | $111.24M | $133.47M | $145.45M | $146.75M | $138.06M | $105.28M | $139.02M | $118.00M | $103.07M | $130.40M | $131.59M | $136.84M | $91.84M | $113.38M | $91.01M | $107.61M | $84.87M | $80.08M | $73.54M | $54.51M |
| Net Income Ratio | 11.40% | 11.07% | 12.73% | 13.23% | 13.22% | 10.79% | 13.29% | 11.64% | 10.30% | 10.71% | 12.99% | 13.15% | 10.67% | 10.78% | 10.06% | 11.20% | 10.24% | 8.84% | 8.67% | 7.63% |
| EPS | $4.07 | $4.85 | $5.26 | $5.26 | $4.92 | $3.79 | $4.98 | $4.25 | $3.73 | $4.75 | $4.76 | $4.88 | $3.23 | $3.93 | $3.11 | $3.68 | $2.92 | $2.78 | $2.57 | $1.91 |
| EPS Diluted | $3.98 | $4.71 | $5.10 | $5.12 | $4.78 | $3.66 | $4.82 | $4.12 | $3.64 | $4.65 | $4.67 | $4.79 | $3.16 | $3.83 | $3.03 | $3.58 | $2.85 | $2.71 | $2.51 | $1.89 |
| Weighted Average Shares Outstanding | 27.31M | 27.78M | 27.64M | 27.88M | 28.05M | 27.77M | 27.91M | 27.79M | 27.60M | 27.43M | 27.62M | 28.04M | 28.42M | 28.83M | 29.25M | 29.27M | 29.02M | 28.78M | 28.65M | 28.53M |
| Weighted Average Shares Outstanding Diluted | 27.94M | 28.60M | 28.53M | 28.67M | 28.89M | 28.76M | 28.84M | 28.62M | 28.30M | 28.02M | 28.18M | 28.59M | 29.07M | 29.61M | 30.03M | 30.09M | 29.74M | 29.51M | 29.29M | 28.84M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $821.57M | $732.80M | $311.54M | $236.37M | $260.81M |
| Short Term Investments | $- | $- | $51.55M | $- | $1.66M |
| Cash and Short Term Investments | $821.57M | $732.80M | $311.54M | $236.37M | $260.81M |
| Net Receivables | $- | $-19.13M | $-18.26M | $-15.59M | $-15.92M |
| Inventory | $3.09B | $2.80B | $2.83B | $2.45B | $1.92B |
| Other Current Assets | $283.54M | $195.46M | $260.80M | $291.25M | $250.21M |
| Total Current Assets | $4.20B | $3.71B | $3.38B | $2.96B | $2.41B |
| Property Plant Equipment Net | $143.77M | $91.28M | $97.86M | $88.60M | $78.90M |
| Goodwill | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M |
| Intangible Assets | $- | $10.66M | $15.81M | $8.36M | $9.24M |
| Goodwill and Intangible Assets | $16.40M | $27.06M | $16.40M | $16.40M | $16.40M |
| Long Term Investments | $- | $44.01M | $51.55M | $57.12M | $34.67M |
| Tax Assets | $13.45M | $16.09M | $18.02M | $10.25M | $6.18M |
| Other Non-Current Assets | $- | $159.81M | $148.41M | $103.03M | $95.17M |
| Total Non-Current Assets | $173.62M | $338.25M | $332.24M | $275.40M | $231.33M |
| Other Assets | $179.20M | $-22.10M | $- | $- | $- |
| Total Assets | $4.55B | $4.02B | $3.71B | $3.24B | $2.64B |
| Account Payables | $198.58M | $204.68M | $228.60M | $244.50M | $185.67M |
| Short Term Debt | $- | $10.86M | $- | $266.16M | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $69.33M | $- | $93.12M | $107.86M | $72.64M |
| Other Current Liabilities | $-69.33M | $74.26M | $- | $-266.16M | $- |
| Total Current Liabilities | $198.58M | $289.81M | $228.60M | $244.50M | $185.67M |
| Long Term Debt | $- | $906.29M | $999.52M | $747.31M | $924.35M |
| Deferred Revenue Non-Current | $- | $- | $93.12M | $107.86M | $72.64M |
| Deferred Tax Liabilities Non-Current | $- | $- | $23.50M | $-107.86M | $-72.64M |
| Other Non-Current Liabilities | $1.41B | $90.37M | $57.60M | $623.85M | $201.69M |
| Total Non-Current Liabilities | $1.41B | $996.66M | $1.42B | $1.37B | $1.20B |
| Other Liabilities | $- | $219.04M | $- | $- | $- |
| Total Liabilities | $1.61B | $1.51B | $1.64B | $1.62B | $1.38B |
| Preferred Stock | $- | $- | $- | $1 | $1 |
| Common Stock | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K |
| Retained Earnings | $2.87B | $2.30B | $1.84B | $1.35B | $948.45M |
| Accumulated Other Comprehensive Income Loss | $- | $-0 | $-0 | $0 | $0 |
| Other Total Stockholders Equity | $74.30M | $215.29M | $234.44M | $278.56M | $309.94M |
| Total Stockholders Equity | $2.94B | $2.52B | $2.07B | $1.62B | $1.26B |
| Total Equity | $2.94B | $2.52B | $2.07B | $1.62B | $1.26B |
| Total Liabilities and Stockholders Equity | $4.55B | $4.02B | $3.71B | $3.24B | $2.64B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $4.55B | $4.02B | $3.71B | $3.24B | $2.64B |
| Total Investments | $65.33M | $44.01M | $103.11M | $57.12M | $34.67M |
| Total Debt | $1.04B | $917.15M | $999.52M | $1.01B | $924.35M |
| Net Debt | $-821.57M | $184.35M | $687.98M | $777.11M | $663.54M |
Balance Sheet Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $776.38M | $821.57M | $719.92M | $837.46M | $870.16M | $732.80M | $736.05M | $667.39M | $542.56M | $311.54M | $67.06M | $187.56M | $218.61M | $236.37M | $221.16M | $371.81M | $292.90M | $260.81M | $202.51M | $94.02M |
| Short Term Investments | $- | $- | $- | $1.44M | $500.00K | $3.62M | $47.00K | $1.74M | $4.28M | $51.55M | $- | $55.62M | $- | $- | $745.00K | $2.15M | $- | $1.66M | $1.38M | $2.24M |
| Cash and Short Term Investments | $776.38M | $821.57M | $719.92M | $837.46M | $870.16M | $732.80M | $736.05M | $667.39M | $542.56M | $311.54M | $67.06M | $187.56M | $218.61M | $236.37M | $221.16M | $371.81M | $292.90M | $260.81M | $202.51M | $94.02M |
| Net Receivables | $- | $- | $- | $- | $- | $-19.13M | $- | $- | $- | $-18.26M | $- | $- | $- | $-15.59M | $- | $- | $- | $-15.92M | $- | $- |
| Inventory | $3.20B | $3.02B | $3.07B | $2.94B | $2.77B | $2.80B | $2.74B | $2.69B | $2.66B | $2.83B | $3.02B | $2.82B | $2.58B | $2.45B | $2.35B | $2.08B | $1.96B | $1.92B | $1.84B | $1.83B |
| Other Current Assets | $- | $353.02M | $306.57M | $227.25M | $235.05M | $195.46M | $207.18M | $190.84M | $226.63M | $260.80M | $183.33M | $194.45M | $200.46M | $291.25M | $215.86M | $172.76M | $217.52M | $250.21M | $140.05M | $163.54M |
| Total Current Assets | $3.98B | $4.20B | $4.10B | $4.00B | $3.88B | $3.71B | $3.68B | $3.55B | $3.43B | $3.38B | $3.27B | $3.20B | $3.00B | $2.96B | $2.79B | $2.62B | $2.47B | $2.41B | $2.19B | $2.09B |
| Property Plant Equipment Net | $149.96M | $143.77M | $89.97M | $93.14M | $91.03M | $91.28M | $94.32M | $93.90M | $97.21M | $97.86M | $90.61M | $88.48M | $87.68M | $88.60M | $74.83M | $76.08M | $76.69M | $78.90M | $78.27M | $72.20M |
| Goodwill | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M |
| Intangible Assets | $- | $- | $- | $1 | $1 | $10.66M | $- | $- | $- | $15.81M | $- | $- | $- | $8.36M | $- | $- | $7.71M | $9.24M | $- | $- |
| Goodwill and Intangible Assets | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $27.06M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M |
| Long Term Investments | $- | $65.33M | $63.09M | $49.29M | $61.92M | $114.03M | $44.87M | $41.99M | $49.03M | $51.55M | $51.70M | $55.62M | $57.31M | $57.12M | $42.47M | $32.83M | $33.82M | $34.67M | $34.04M | $45.14M |
| Tax Assets | $13.45M | $13.45M | $15.31M | $15.31M | $15.31M | $38.19M | $18.02M | $18.02M | $18.02M | $18.02M | $10.25M | $10.25M | $10.25M | $10.25M | $6.18M | $6.18M | $6.18M | $6.18M | $9.21M | $9.38M |
| Other Non-Current Assets | $- | $- | $179.65M | $162.76M | $147.91M | $67.69M | $145.80M | $145.30M | $155.11M | $148.41M | $151.13M | $123.10M | $133.25M | $103.03M | $116.57M | $108.88M | $105.50M | $95.17M | $96.67M | $96.22M |
| Total Non-Current Assets | $179.81M | $238.96M | $364.43M | $336.89M | $332.58M | $338.25M | $319.41M | $315.60M | $335.77M | $332.24M | $320.09M | $293.85M | $304.90M | $275.40M | $256.44M | $240.38M | $238.60M | $231.33M | $234.59M | $239.34M |
| Other Assets | $424.33M | $113.87M | $- | $1 | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.59B | $4.55B | $4.46B | $4.34B | $4.21B | $4.04B | $4.00B | $3.86B | $3.76B | $3.71B | $3.59B | $3.49B | $3.31B | $3.24B | $3.05B | $2.86B | $2.71B | $2.64B | $2.42B | $2.33B |
| Account Payables | $228.91M | $198.58M | $256.71M | $278.86M | $224.97M | $204.68M | $250.94M | $264.66M | $208.43M | $228.60M | $296.33M | $329.38M | $281.39M | $244.50M | $227.31M | $221.91M | $198.22M | $185.67M | $176.58M | $169.09M |
| Short Term Debt | $- | $- | $- | $- | $- | $10.86M | $- | $- | $- | $- | $189.37M | $194.60M | $- | $266.16M | $- | $- | $176.20M | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $69.33M | $- | $93.26M | $92.52M | $85.13M | $94.67M | $98.09M | $97.80M | $93.12M | $10.25M | $135.78M | $-338.16M | $10.25M | $-330.97M | $-289.34M | $-218.74M | $6.18M | $- | $- |
| Other Current Liabilities | $- | $-69.33M | $- | $224.33M | $- | $-95.99M | $- | $- | $- | $265.36M | $-189.37M | $-194.60M | $-131.68M | $-255.91M | $-115.29M | $-109.74M | $-176.20M | $238.32M | $- | $- |
| Total Current Liabilities | $228.91M | $198.58M | $256.71M | $596.44M | $556.42M | $482.55M | $250.94M | $264.66M | $208.43M | $228.60M | $296.33M | $329.38M | $281.39M | $244.50M | $227.31M | $221.91M | $198.22M | $185.67M | $176.58M | $169.09M |
| Long Term Debt | $- | $1.04B | $986.81M | $769.94M | $770.35M | $906.29M | $953.48M | $938.96M | $977.17M | $999.52M | $748.77M | $745.89M | $948.57M | $747.31M | $959.59M | $866.51M | $697.07M | $924.35M | $835.96M | $833.95M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $57.57M | $- | $98.09M | $97.80M | $93.12M | $126.37M | $135.78M | $131.68M | $107.86M | $115.29M | $109.74M | $97.46M | $72.64M | $66.63M | $49.53M |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $22.10M | $- | $-98.09M | $- | $23.50M | $- | $- | $- | $-107.86M | $-115.29M | $-109.74M | $-97.46M | $-72.64M | $-66.63M | $-49.53M |
| Other Non-Current Liabilities | $1.35B | $305.67M | $36.68M | $292.38M | $246.40M | $90.37M | $373.24M | $359.67M | $393.56M | $398.06M | $605.04M | $599.79M | $372.86M | $623.85M | $315.23M | $306.45M | $460.86M | $274.33M | $233.28M | $230.27M |
| Total Non-Current Liabilities | $1.35B | $1.34B | $1.02B | $1.00B | $1.02B | $1.05B | $1.33B | $1.30B | $1.37B | $1.42B | $1.35B | $1.35B | $1.32B | $1.37B | $1.27B | $1.17B | $1.16B | $1.20B | $1.07B | $1.06B |
| Other Liabilities | $- | $69.33M | $334.30M | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.58B | $1.61B | $1.61B | $1.60B | $1.57B | $1.53B | $1.58B | $1.56B | $1.58B | $1.64B | $1.65B | $1.68B | $1.60B | $1.62B | $1.50B | $1.39B | $1.36B | $1.38B | $1.25B | $1.23B |
| Preferred Stock | $- | $- | $- | $- | $0 | $- | $1 | $- | $- | $- | $- | $- | $1 | $1 | $- | $1 | $- | $1 | $- | $- |
| Common Stock | $301.00K | $- | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K | $301.00K |
| Retained Earnings | $2.98B | $- | $2.73B | $2.59B | $2.44B | $2.30B | $2.20B | $2.06B | $1.94B | $1.84B | $1.71B | $1.57B | $1.44B | $1.35B | $1.23B | $1.14B | $1.03B | $948.45M | $868.37M | $794.83M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-0 | $-0 | $-0 | $0 | $-0 | $0 | $-0 | $0 | $0 | $0 | $0 | $-0 | $0 | $0 | $0 | $0 | $0 |
| Other Total Stockholders Equity | $29.72M | $2.94B | $113.45M | $154.66M | $199.08M | $215.29M | $229.34M | $241.11M | $243.87M | $234.44M | $231.88M | $243.97M | $266.23M | $278.56M | $312.23M | $325.32M | $319.80M | $309.94M | $306.07M | $299.27M |
| Total Stockholders Equity | $3.01B | $2.94B | $2.85B | $2.74B | $2.64B | $2.52B | $2.43B | $2.30B | $2.18B | $2.07B | $1.94B | $1.82B | $1.70B | $1.62B | $1.54B | $1.47B | $1.35B | $1.26B | $1.17B | $1.09B |
| Total Equity | $3.01B | $2.94B | $2.85B | $2.74B | $2.64B | $2.52B | $2.43B | $2.30B | $2.18B | $2.07B | $1.94B | $1.82B | $1.70B | $1.62B | $1.54B | $1.47B | $1.35B | $1.26B | $1.17B | $1.09B |
| Total Liabilities and Stockholders Equity | $4.59B | $4.55B | $4.46B | $4.34B | $4.21B | $4.04B | $4.00B | $3.86B | $3.76B | $3.71B | $3.59B | $3.49B | $3.31B | $3.24B | $3.05B | $2.86B | $2.71B | $2.64B | $2.42B | $2.33B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $4.59B | $4.55B | $4.46B | $4.34B | $4.21B | $4.04B | $4.00B | $3.86B | $3.76B | $3.71B | $3.59B | $3.49B | $3.31B | $3.24B | $3.05B | $2.86B | $2.71B | $2.64B | $2.42B | $2.33B |
| Total Investments | $- | $65.33M | $63.09M | $49.29M | $61.92M | $114.03M | $44.87M | $41.99M | $49.03M | $103.11M | $51.70M | $111.25M | $57.31M | $57.12M | $42.47M | $32.83M | $33.82M | $34.67M | $34.04M | $45.14M |
| Total Debt | $- | $1.04B | $986.81M | $992.74M | $994.67M | $936.49M | $953.48M | $938.96M | $977.17M | $999.52M | $938.14M | $940.49M | $948.57M | $1.01B | $959.59M | $866.51M | $873.27M | $924.35M | $835.96M | $833.95M |
| Net Debt | $-776.38M | $214.98M | $266.89M | $155.28M | $124.51M | $203.69M | $217.42M | $271.57M | $434.60M | $687.98M | $871.08M | $752.93M | $729.97M | $777.11M | $738.44M | $494.71M | $580.37M | $663.54M | $633.44M | $739.92M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $465.37M | $490.66M | $396.87M | $239.87M |
| Depreciation and Amortization | $- | $14.49M | $14.61M | $14.33M | $15.06M |
| Deferred Income Tax | $-3.44M | $2.71M | $-7.77M | $-4.07M | $3.45M |
| Stock Based Compensation | $- | $11.37M | $8.79M | $8.56M | $7.14M |
| Change in Working Capital | $- | $-14.35M | $-367.69M | $-376.38M | $-23.49M |
| Accounts Receivables | $- | $- | $- | $30.01M | $3.21M |
| Inventory | $- | $46.73M | $-348.65M | $-508.19M | $-134.94M |
| Accounts Payables | $-6.10M | $-23.92M | $-15.91M | $58.84M | $60.64M |
| Other Working Capital | $- | $-37.15M | $-3.13M | $42.96M | $47.59M |
| Other Non Cash Items | $183.17M | $72.54M | $45.48M | $-56.13M | $-73.70M |
| Net Cash Provided by Operating Activities | $179.74M | $552.13M | $184.07M | $-16.82M | $168.33M |
| Investments in Property Plant and Equipment | $-8.42M | $-5.77M | $-9.33M | $-25.30M | $-11.68M |
| Acquisitions Net | $- | $-23.56M | $-18.25M | $-50.41M | $-26.06M |
| Purchases of Investments | $- | $- | $-20.14M | $-51.62M | $-28.54M |
| Sales Maturities of Investments | $- | $- | $1.89M | $1.21M | $2.48M |
| Other Investing Activities | $-46.48M | $10.70M | $18.45M | $74.40M | $29.93M |
| Net Cash Used for Investing Activities | $-54.90M | $-18.63M | $-27.38M | $-51.72M | $-33.87M |
| Debt Repayment | $120.31M | $-79.90M | $-24.97M | $91.00M | $120.97M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-176.95M | $-65.34M | $-55.33M | $-51.52M | $-1.91M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $20.56M | $33.00M | $-1.22M | $4.62M | $1.20M |
| Net Cash Used Provided by Financing Activities | $-36.07M | $-112.24M | $-81.52M | $44.10M | $120.26M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $88.77M | $421.26M | $75.17M | $-24.44M | $254.73M |
| Cash at End of Period | $821.57M | $732.80M | $311.54M | $236.37M | $260.81M |
| Cash at Beginning of Period | $732.80M | $311.54M | $236.37M | $260.81M | $6.08M |
| Operating Cash Flow | $179.74M | $552.13M | $184.07M | $-16.82M | $168.33M |
| Capital Expenditure | $-8.42M | $-5.77M | $-9.33M | $-25.30M | $-11.68M |
| Free Cash Flow | $171.32M | $546.36M | $174.74M | $-42.12M | $156.66M |
Cash Flow Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $111.24M | $133.47M | $145.45M | $146.75M | $138.06M | $105.28M | $139.02M | $118.00M | $103.07M | $130.40M | $131.59M | $136.84M | $91.84M | $113.38M | $91.01M | $107.61M | $84.87M | $80.08M | $73.54M | $54.51M |
| Depreciation and Amortization | $3.95M | $3.99M | $4.01M | $3.80M | $3.66M | $3.66M | $3.50M | $3.60M | $3.74M | $3.71M | $3.71M | $3.64M | $3.54M | $3.73M | $3.66M | $3.48M | $3.46M | $3.92M | $3.95M | $3.60M |
| Deferred Income Tax | $- | $1.18M | $-2.20M | $- | $- | $2.71M | $130.00K | $-1.15M | $- | $-7.77M | $- | $- | $- | $-4.07M | $2.09M | $394.00K | $-412.00K | $3.02M | $173.00K | $162.00K |
| Stock Based Compensation | $4.20M | $3.71M | $3.51M | $3.81M | $3.54M | $4.36M | $2.68M | $2.30M | $2.02M | $2.17M | $2.76M | $2.02M | $1.83M | $2.36M | $1.79M | $2.14M | $2.26M | $2.22M | $2.19M | $1.75M |
| Change in Working Capital | $- | $- | $-205.81M | $-131.71M | $32.16M | $-101.57M | $-48.75M | $8.47M | $155.15M | $111.80M | $-241.24M | $-137.95M | $-100.31M | $-33.07M | $-260.43M | $-54.61M | $-28.27M | $-30.34M | $12.47M | $55.27M |
| Accounts Receivables | $- | $- | $- | $- | $- | $44.75M | $-2.87M | $-41.88M | $- | $- | $- | $- | $- | $42.03M | $-958.00K | $-7.08M | $-3.97M | $12.57M | $-12.91M | $28.27M |
| Inventory | $-107.28M | $37.33M | $147.11M | $-159.64M | $15.78M | $-61.90M | $-48.42M | $-18.27M | $175.32M | $184.39M | $-196.57M | $-207.18M | $-129.29M | $-96.01M | $-278.89M | $-98.95M | $-34.33M | $-72.42M | $-10.92M | $-6.53M |
| Accounts Payables | $30.33M | $-58.13M | $-22.15M | $53.89M | $20.29M | $-46.26M | $-13.72M | $56.23M | $-20.17M | $-67.73M | $-33.06M | $48.00M | $36.88M | $17.19M | $5.40M | $23.69M | $12.55M | $9.09M | $7.49M | $18.83M |
| Other Working Capital | $- | $18.48M | $-330.76M | $-25.95M | $-3.91M | $6.58M | $16.26M | $12.39M | $-155.15M | $-4.86M | $-11.61M | $21.23M | $-7.90M | $3.72M | $14.02M | $27.73M | $-2.51M | $20.41M | $28.81M | $14.68M |
| Other Non Cash Items | $-54.50M | $-37.94M | $-12.90M | $122.03M | $-86.86M | $40.62M | $-17.04M | $34.96M | $-12.47M | $-42.10M | $10.49M | $4.66M | $72.42M | $-64.82M | $-46.27M | $39.63M | $13.25M | $-87.79M | $22.08M | $-8.23M |
| Net Cash Provided by Operating Activities | $64.89M | $104.39M | $-67.94M | $27.51M | $115.77M | $55.06M | $79.54M | $166.19M | $251.50M | $198.22M | $-92.69M | $9.21M | $69.33M | $17.52M | $-208.14M | $98.63M | $75.17M | $-28.89M | $114.40M | $107.05M |
| Investments in Property Plant and Equipment | $-1.34M | $- | $-580.00K | $-5.49M | $-276.00K | $-1.16M | $-2.49M | $-43.00K | $-2.08M | $-5.46M | $-1.19M | $-1.49M | $-1.21M | $-22.74M | $-1.52M | $-878.00K | $-158.00K | $-3.21M | $-6.49M | $-1.52M |
| Acquisitions Net | $- | $-8.17M | $29.00M | $-5.32M | $-23.68M | $-3.83M | $-9.25M | $-7.76M | $-2.71M | $-2.93M | $-6.45M | $-3.44M | $-5.43M | $-16.72M | $-17.64M | $-12.44M | $-3.61M | $-3.20M | $-4.14M | $-12.63M |
| Purchases of Investments | $- | $- | $- | $-5.32M | $-23.68M | $-3.83M | $-9.25M | $-7.76M | $-2.71M | $-2.77M | $-6.45M | $-5.49M | $-5.43M | $-16.88M | $-17.64M | $-12.44M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $3.83M | $9.25M | $7.76M | $5.43M | $-154.00K | $- | $2.05M | $- | $163.00K | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1.59M | $-1.69M | $-45.92M | $380.00K | $6.85M | $490.00K | $415.00K | $9.79M | $-2.71M | $3.03M | $6.45M | $3.54M | $-5.43M | $19.66M | $-17.64M | $-71.00K | $4.39M | $3.87M | $-4.14M | $-12.63M |
| Net Cash Used for Investing Activities | $-2.93M | $-9.86M | $-17.50M | $-10.43M | $-17.11M | $-4.50M | $-11.33M | $1.99M | $-4.79M | $-8.28M | $-7.63M | $-4.83M | $-6.63M | $-19.80M | $-19.16M | $-13.39M | $623.00K | $-2.54M | $-10.62M | $-14.16M |
| Debt Repayment | $- | $50.72M | $12.65M | $-1.53M | $58.48M | $-34.77M | $14.22M | $-37.22M | $-22.12M | $55.94M | $-5.80M | $-9.92M | $-65.19M | $53.89M | $95.57M | $-7.50M | $-50.96M | $88.26M | $219.00K | $-18.28M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.37M | $- | $- | $- | $- | $- | $- | $- | $9.91M | $- | $- |
| Common Stock Repurchased | $-50.05M | $-51.13M | $-50.23M | $-50.31M | $-25.28M | $-25.09M | $-25.05M | $-15.21M | $- | $-15.39M | $-15.10M | $-24.84M | $-15.39M | $-36.03M | $-15.49M | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-107.15M | $7.53M | $5.49M | $2.05M | $5.50M | $6.01M | $10.58M | $9.97M | $- | $-2.10M | $232.00K | $524.00K | $126.00K | $-373.00K | $-3.43M | $-2.21M | $7.26M | $1.47M | $4.50M | $-1.78M |
| Net Cash Used Provided by Financing Activities | $-107.15M | $7.11M | $-32.10M | $-49.78M | $38.69M | $-54.01M | $-246.00K | $-42.46M | $-15.68M | $53.84M | $-20.67M | $-34.24M | $-80.45M | $17.49M | $76.65M | $-6.34M | $-43.70M | $89.73M | $4.71M | $-20.06M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $1.21B | $-668.29M | $-542.56M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-45.19M | $101.65M | $-117.54M | $-32.70M | $137.36M | $-3.45M | $-600.32M | $-416.84M | $231.02M | $243.78M | $-120.99M | $-29.85M | $-17.76M | $15.21M | $-150.65M | $78.91M | $32.09M | $58.30M | $108.49M | $72.84M |
| Cash at End of Period | $776.38M | $821.57M | $719.92M | $837.46M | $870.16M | $732.80M | $67.97M | $125.72M | $542.56M | $311.54M | $67.76M | $188.75M | $218.61M | $236.37M | $221.16M | $371.81M | $292.90M | $260.81M | $202.51M | $94.02M |
| Cash at Beginning of Period | $821.57M | $719.92M | $837.46M | $870.16M | $732.80M | $736.25M | $668.29M | $542.56M | $311.54M | $67.76M | $188.75M | $218.61M | $236.37M | $221.16M | $371.81M | $292.90M | $260.81M | $202.51M | $94.02M | $21.18M |
| Operating Cash Flow | $64.89M | $104.39M | $-67.94M | $27.51M | $115.77M | $55.06M | $79.54M | $166.19M | $251.50M | $198.22M | $-92.69M | $9.21M | $69.33M | $17.52M | $-208.14M | $98.63M | $75.17M | $-28.89M | $114.40M | $107.05M |
| Capital Expenditure | $-1.34M | $- | $-580.00K | $-5.49M | $-276.00K | $-1.16M | $-2.49M | $-43.00K | $-2.08M | $-5.46M | $-1.19M | $-1.49M | $-1.21M | $-22.74M | $-1.52M | $-878.00K | $-158.00K | $-3.21M | $-6.49M | $-1.52M |
| Free Cash Flow | $63.55M | $102.33M | $-68.52M | $22.02M | $115.50M | $53.90M | $77.05M | $166.15M | $249.42M | $192.76M | $-93.87M | $7.73M | $68.12M | $-5.22M | $-209.66M | $97.75M | $75.01M | $-32.10M | $107.91M | $105.53M |
M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.
$105.23
Stock Price
$2.82B
Market Cap
1.76K
Employees
Columbus, OH
Location
Revenue (FY 2024)
$4.50B
11.7% YoY
Net Income (FY 2024)
$563.73M
21.1% YoY
EPS (FY 2024)
$19.71
21.6% YoY
Free Cash Flow (FY 2024)
$171.32M
-68.6% YoY
Profitability
Gross Margin
26.6%
Net Margin
12.5%
ROE
19.2%
ROA
12.4%
Valuation
P/E Ratio
6.55
P/S Ratio
0.82
EV/EBITDA
5.42
Market Cap
$2.82B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$179.74M
-67.4% YoY
Free Cash Flow
$171.32M
-68.6% YoY
Balance Sheet Summary
Total Assets
$4.55B
13.1% YoY
Total Debt
$1.04B
13.0% YoY
Shareholder Equity
$2.94B
16.8% YoY
Dividend Overview
$0.03
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2008-06-27 | $0.03 | June 27, 08 |
| 2008-03-28 | $0.03 | March 28, 08 |
| 2007-12-28 | $0.03 | December 28, 07 |
| 2007-09-27 | $0.03 | September 27, 07 |
| 2007-06-28 | $0.03 | June 28, 07 |
| 2007-03-29 | $0.03 | March 29, 07 |
| 2006-12-28 | $0.03 | December 28, 06 |
| 2006-09-28 | $0.03 | September 28, 06 |
| 2006-06-29 | $0.03 | June 29, 06 |
| 2006-03-30 | $0.03 | March 30, 06 |
M/I Homes Dividends
Explore M/I Homes's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
21.35x
M/I Homes Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.025 | $0.025 | June 27, 2008 | July 01, 2008 | July 15, 2008 | May 07, 2008 |
| $0.025 | $0.025 | March 28, 2008 | April 01, 2008 | April 18, 2008 | February 13, 2008 |
| $0.025 | $0.025 | December 28, 2007 | January 02, 2008 | January 17, 2008 | November 14, 2007 |
| $0.025 | $0.025 | September 27, 2007 | October 01, 2007 | October 18, 2007 | August 22, 2007 |
| $0.025 | $0.025 | June 28, 2007 | July 02, 2007 | July 19, 2007 | May 10, 2007 |
| $0.025 | $0.025 | March 29, 2007 | April 02, 2007 | April 19, 2007 | February 15, 2007 |
| $0.025 | $0.025 | December 28, 2006 | January 02, 2007 | January 18, 2007 | November 08, 2006 |
| $0.025 | $0.025 | September 28, 2006 | October 02, 2006 | October 19, 2006 | August 21, 2006 |
| $0.025 | $0.025 | June 29, 2006 | July 03, 2006 | July 20, 2006 | April 28, 2006 |
| $0.025 | $0.025 | March 30, 2006 | April 03, 2006 | April 20, 2006 | February 14, 2006 |
| $0.025 | $0.025 | December 29, 2005 | January 03, 2006 | January 19, 2006 | November 09, 2005 |
| $0.025 | $0.025 | September 29, 2005 | October 03, 2005 | October 20, 2005 | August 02, 2005 |
| $0.025 | $0.025 | June 29, 2005 | July 01, 2005 | July 21, 2005 | May 03, 2005 |
| $0.025 | $0.025 | March 30, 2005 | April 01, 2005 | April 21, 2005 | February 17, 2005 |
| $0.025 | $0.025 | December 30, 2004 | January 03, 2005 | January 20, 2005 | November 10, 2004 |
| $0.025 | $0.025 | September 29, 2004 | October 01, 2004 | October 21, 2004 | August 11, 2004 |
| $0.025 | $0.025 | June 29, 2004 | July 01, 2004 | July 22, 2004 | April 29, 2004 |
| $0.025 | $0.025 | March 30, 2004 | April 01, 2004 | April 22, 2004 | March 09, 2004 |
| $0.025 | $0.025 | December 30, 2003 | January 02, 2004 | January 22, 2004 | November 11, 2003 |
| $0.025 | $0.025 | September 29, 2003 | October 01, 2003 | October 23, 2003 | August 12, 2003 |
M/I Homes News
Read the latest news about M/I Homes, including recent articles, headlines, and updates.
Wall Street Analysts Think M/I Homes (MHO) Is a Good Investment: Is It?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
M/I Homes Q1: There May Be A Lot More Pain Ahead
M/I Homes, Inc. reported a disappointing Q1, with declines in revenue, profitability, and efficiency, driven by consumer uncertainty and economic conditions. Key metrics: Revenues down 7% y/y, home deliveries down 8%, new contracts down 10%, and cancellation rates up to 10%. The macroeconomic outlook remains bleak due to tariff uncertainties and potential recession, impacting demand and profitability for homebuilders like M/I Homes.
M/I Homes, Inc. (MHO) Q1 2025 Earnings Call Transcript
M/I Homes, Inc. (MHO) Q1 2025 Earnings Conference Call April 23, 2025 10:30 AM ET Company Participants Phil Creek - CFO Bob Schottenstein - President and CEO Derek Klutch - President Conference Call Participants Alan Ratner - Zelman & Associates Kenneth Zener - Seaport Buck Horne - Raymond James Jay McCanless - Wedbush Operator Good morning ladies and gentlemen and welcome to the M/I Homes' First Quarter Earnings Conference. At this time, all lines are in a listen-only mode.
M/I Homes (MHO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for M/I Homes (MHO) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
M/I Homes Reports 2025 First Quarter Results
COLUMBUS, Ohio , April 23, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three months ended March 31, 2025. 2025 First Quarter Highlights: Homes delivered decreased 8% to 1,976 from 2,158 Revenue decreased 7% to $976 million Pre-tax income decreased 19% to $146 million, 15% of revenue Net income of $111 million ($3.98 per diluted share) versus $138 million ($4.78 per diluted share) Shareholders' equity reached an all-time record $3 billion, a 14% increase from a year ago, with book value per share of $112 New contracts were 2,292, compared to 2,547 in last year's first quarter Repurchased $50 million of common stock Return on equity of 19% The Company reported pre-tax income of $146.1 million and net income of $111.2 million ($3.98 per diluted share).
Changes to M/I Homes Board of Directors
COLUMBUS, Ohio , March 14, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) today announced that Friedrich K.M. Böhm, an independent member of the Company's Board of Directors since 1994, has informed the Company of his decision to retire from the Board upon the expiration of his term, and not stand for re-election, at the Company's 2025 Annual Meeting of Shareholders.
M/I Homes, Inc. Announces First Quarter Webcast
COLUMBUS, Ohio , March 11, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What: M/I Homes, Inc. Announces First Quarter Webcast When: April 23, 2025 @ 10:30AM Eastern Time Where: http://www.mihomes.com How: Live over the Internet -- Simply log on to the web at the address above Contact: Ann Marie Hunker, Vice President, Chief Accounting Officer, Controller of M/I Homes, Inc., amhunker@mihomes.com, or 614-418-8225 Mark Kirkendall, Vice President, Treasurer of M/I Homes, Inc., mkirkendall@mihomes.com, or 614-418-8021 If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.mihomes.com The company is expected to report first quarter earnings before the market opens on Wednesday, April 23, 2025. M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes.
M/I Homes Announces $250 million Share Repurchase Authorization
COLUMBUS, Ohio , Feb. 11, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) today announced that its Board of Directors approved a new share repurchase authorization, pursuant to which the Company may purchase up to $250 million of its common shares. The $250 million authorization replaces the Company's prior authorization (which had $107 million of remaining availability as of January 31, 2025).
M/I Homes Earnings: Margin Pressure And Demand Challenges Mar The Outlook (Downgrade)
M/I Homes faces business challenges due to high mortgage rates, pressuring demand and margins forcing the use of rate buydowns as a key strategy. Q4 sequential results showed decelerating sales, increased rate buydowns, and gross margin compression, indicating potential challenges for 2025. The potential for rising land and labor costs, coupled with cautious share repurchase plans, add further pressure on MHO's future performance and investor sentiment.
M/I Homes, Inc. (MHO) Q4 2024 Earnings Call Transcript
M/I Homes, Inc. (MHO) Q4 2024 Earnings Call January 29, 2025 10:30 AM ET Company Participants Phil Creek - Chief Financial Officer Bob Schottenstein - President and Chief Executive Officer Derek Klutch - President Conference Call Participants Alan Ratner - Zelman & Associates Ken Zener - Seaport Research Partners Buck Horne - Raymond James Jay McCanless - Wedbush Operator Good morning, ladies and gentlemen and welcome to the M/I Homes Fourth Quarter and Year End Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, January 29 of 2025.
M/I Homes (MHO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for M/I Homes (MHO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
M/I Homes Reports Fourth Quarter and Year-End Results
COLUMBUS, Ohio , Jan. 29, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for its fourth quarter and year ended December 31, 2024. 2024 Fourth Quarter Results: Record fourth quarter homes delivered and income New contracts increased 11% to 1,759 Homes delivered increased 19% to 2,402 Revenue of $1.2 billion, up 24% Pre-tax income of $171 million, up 24% Net income increased 27% to $133.5 million ($4.71 per diluted share) compared to $105 million ($3.66 per diluted share) in 2023 Repurchased $50 million of stock 2024 Full Year Results: Record homes delivered, revenue and income New contracts increased 8% to 8,584 Homes delivered increased 12% to 9,055 Revenue increased 12% to $4.5 billion Pre-tax income increased 21% to $734 million; 16% of revenue Net income increased 21% to $564 million ($19.71 per diluted share) Shareholders' equity reached an all-time record of $2.9 billion, a 17% increase from a year ago, with book value per share of $109 Repurchased $176 million of stock Return on equity of 21% Homebuilding debt to capital ratio of 19% compared to 22% at December 31, 2023 For the fourth quarter of 2024, the Company reported net income of $133.5 million, or $4.71 per diluted share, compared to net income of $105.3 million, or $3.66 per diluted share, for the fourth quarter of 2023.
Wall Street Analysts See M/I Homes (MHO) as a Buy: Should You Invest?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
M/I Homes Still Offers Attractive Upside For Investors
M/I Homes remains a strong 'buy' due to attractive pricing, robust market position, and positive long-term growth, despite a recent 3.5% pullback. The company is a leading homebuilder in the US, operating in 17 markets with significant market share in key regions. Financial performance is solid with rising revenue and profitability, although operating cash flow saw a temporary dip due to working capital changes.
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Related Metrics
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