M/I Homes Key Executives
This section highlights M/I Homes's key executives, including their titles and compensation details.
Find Contacts at M/I Homes
(Showing 0 of )
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 | 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 |
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.
$118.01
Stock Price
$3.20B
Market Cap
1.76K
Employees
Columbus, OH
Location
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% | 25.30% | 25.27% | 24.30% | 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 | $3.77B | $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% | 15.43% | 13.89% | 10.50% |
| 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 | 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 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $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 | $577.60M |
| 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 | $460.92M |
| Gross Profit | $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 | $116.68M |
| Gross Profit Ratio | 24.63% | 27.10% | 27.80% | 26.90% | 25.40% | 26.90% | 25.50% | 23.50% | 22.60% | 26.80% | 27.30% | 24.80% | 23.20% | 24.50% | 25.10% | 24.40% | 23.03% | 22.94% | 21.90% | 20.20% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $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 | $33.85M |
| Selling and Marketing Expenses | $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 | $36.83M |
| Selling General and Administrative Expenses | $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 | $70.67M |
| Other Expenses | $- | $- | $- | $- | $-1.00K | $-1.00K | $28.00K | $7.00K | $-11.00K | $- | $1.00K | $16.00K | $1.90M | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $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 | $70.67M |
| Cost and Expenses | $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 | $531.60M |
| Interest Income | $- | $- | $- | $- | $8.13M | $5.83M | $4.67M | $1.39M | $1.77M | $649.00K | $- | $- | $- | $74.00K | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $8.94M | $- | $- | $- | $185.00K | $701.00K | $693.00K | $671.00K | $602.00K | $- | $452.00K | $1.18M | $1.23M | $1.24M | $2.52M | $4.70M |
| 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 | $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 | $48.87M |
| EBITDA Ratio | 13.61% | 16.86% | 17.13% | 16.70% | 14.01% | 16.45% | 14.86% | 13.45% | 13.51% | 16.52% | 17.57% | 14.28% | 13.50% | 14.85% | 14.75% | 13.45% | 11.37% | 11.36% | 10.40% | 7.97% |
| Operating Income | $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 | $46.00M |
| Operating Income Ratio | 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% | 7.96% |
| Total Other Income Expenses Net | $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 | $-4.65M |
| Income Before Tax | $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 | $41.36M |
| Income Before Tax Ratio | 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% | 7.16% |
| Income Tax Expense | $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 | $9.61M |
| Net Income | $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 | $31.75M |
| Net Income Ratio | 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% | 5.50% |
| EPS | $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 | $1.11 |
| EPS Diluted | $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 | $1.09 |
| Weighted Average Shares Outstanding | 27.54M | 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 | 28.48M |
| Weighted Average Shares Outstanding Diluted | 28.31M | 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 | 29.01M |
| 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 | 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 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $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 | $21.18M |
| 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 | $3.10M |
| Cash and Short Term Investments | $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 | $21.18M |
| Net Receivables | $- | $- | $- | $- | $-19.13M | $- | $- | $- | $-18.26M | $- | $- | $- | $-15.59M | $- | $- | $- | $-15.92M | $- | $- | $- |
| Inventory | $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 | $1.82B |
| 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 | $156.21M |
| Total Current Assets | $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 | $2.00B |
| Property Plant Equipment Net | $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 | $41.12M |
| 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 | $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 | $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 | $40.31M |
| Tax Assets | $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 | $9.54M |
| 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 | $91.67M |
| Total Non-Current Assets | $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 | $199.04M |
| Other Assets | $113.87M | $- | $1 | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $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 | $2.20B |
| Account Payables | $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 | $150.26M |
| 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 | $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 | $150.26M |
| 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 | $820.79M |
| 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 | $45.10M |
| 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 | $-45.10M |
| Other Non-Current Liabilities | $374.99M | $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 | $145.14M |
| Total Non-Current Liabilities | $1.41B | $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 | $1.01B |
| Other Liabilities | $- | $334.30M | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $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 | $1.16B |
| 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 | $- | $2.73B | $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 | $740.33M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $-0 | $-0 | $0 | $-0 | $0 | $-0 | $0 | $0 | $0 | $0 | $-0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Total Stockholders Equity | $4.55B | $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 | $297.06M |
| Total Stockholders Equity | $4.55B | $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 | $1.04B |
| Total Equity | $4.55B | $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 | $1.04B |
| Total Liabilities and Stockholders Equity | $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 | $2.20B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $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 | $2.20B |
| 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 | $40.31M |
| 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 | $820.79M |
| Net Debt | $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 | $799.60M |
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 | 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 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $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 | $31.75M |
| Depreciation and Amortization | $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 | $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 | $91.00K |
| Stock Based Compensation | $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 | $973.00K |
| 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 | $-60.89M |
| Accounts Receivables | $- | $- | $- | $- | $44.75M | $-2.87M | $-41.88M | $- | $- | $- | $- | $- | $42.03M | $-958.00K | $-7.08M | $-3.97M | $12.57M | $-12.91M | $28.27M | $-24.73M |
| Inventory | $- | $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 | $-45.08M |
| Accounts Payables | $- | $-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 | $25.23M |
| Other Working Capital | $- | $-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 | $-16.32M |
| Other Non Cash Items | $-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 | $252.00K |
| Net Cash Provided by Operating Activities | $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 | $-24.23M |
| Investments in Property Plant and Equipment | $- | $-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 | $-451.00K |
| Acquisitions Net | $- | $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 | $-6.09M |
| 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 | $-9.86M | $-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 | $-6.09M |
| Net Cash Used for Investing Activities | $-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 | $-6.55M |
| 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 | $50.77M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $1.37M | $- | $- | $- | $- | $- | $- | $- | $9.91M | $- | $- | $- |
| Common Stock Repurchased | $-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 | $- | $- | $- | $- | $- | $-1.91M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $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 | $-2.98M |
| Net Cash Used Provided by Financing Activities | $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 | $45.87M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $1.21B | $-668.29M | $-542.56M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $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 | $15.10M |
| Cash at End of Period | $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 | $21.18M |
| Cash at Beginning of Period | $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 | $6.08M |
| Operating Cash Flow | $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 | $-24.23M |
| Capital Expenditure | $- | $-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 | $-451.00K |
| Free Cash Flow | $104.39M | $-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 | $-24.68M |
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.
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.
M/I Homes, Inc. Announces Fourth Quarter and Year-End Earnings Webcast
COLUMBUS, Ohio , Dec. 10, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What: M/I Homes, Inc. Announces Fourth Quarter and Year-End Webcast When: January 29, 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 fourth quarter and year-end earnings before the market opens on Wednesday, January 29, 2025. M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes.
Should Value Investors Buy MI Homes (MHO) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
M/I Homes: Riding The Housing Rebound With Strong Earnings And Growth Outlook
M/I Homes benefit from robust earnings, strategic market positioning, and favorable seasonality trends. Trading at a significant discount to sector peers, M/I Homes offers an appealing entry point for investors seeking value. Fed policy shifts and rising competition in affordable housing could impact buyer confidence and compress margins.
M/I Homes, Inc. (MHO) Q3 2024 Earnings Call Transcript
M/I Homes, Inc. (MHO) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Phil Creek – Executive Vice President and Chief Financial Officer Bob Schottenstein – President and Chief Executive Officer Derek Klutch – President-Mortgage Company Conference Call Participants Alan Ratner – Zelman Kenneth Zener – Seaport Research Alex Barron – Housing Research Center Buck Horne – Raymond James Jay McCanless – Wedbush Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.
M/I Homes Reports 2024 Third Quarter Results
COLUMBUS, Ohio , Oct. 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2024. 2024 Third Quarter Highlights: Record third quarter homes delivered, revenue, and income Homes delivered increased 8% to 2,271 Revenue increased 9% to $1.1 billion Pre-tax income increased 6% to $188.7 million, 16.5% of revenue Net income increased 5% to $145.4 million ($5.10 per diluted share) Shareholders' equity reached an all-time record $2.8 billion, a 17% increase from a year ago, with book value per share of $105 New contracts were 2,023, compared to 2,021 in last year's third quarter Repurchased $50 million of common stock Return on equity of 20% The Company reported pre-tax income of $188.7 million and net income of $145.4 million ($5.10 per diluted share), both third quarter records.
Curious about M/I Homes (MHO) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for M/I Homes (MHO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for MHO.