M/i Homes, Inc. (MHO) Financial Statements
Industry: Operative Builders
In fiscal 2025, M/i Homes reported revenue of $4.42B, down 1.9% from $4.50B the year before. Net income was $402.9M (a 9.1% net margin), or $14.74 per diluted share. Gross margin was 23.0% and operating margin was 11.5%. Operating activities generated $137.3M of cash, leaving $127.7M of free cash flow. At fiscal year end, M/i Homes held $4.78B in total assets against $1.61B in total liabilities.
Open the full interactive M/i Homes financials → Quarterly statements, key ratios, valuation history and price charts.
M/i Homes Key Stats
| Share Price | $125.99 |
|---|---|
| Market Cap | $3.30B |
| P/E Ratio | 8.5 |
| Revenue YoY Growth | -1.9% |
| 52-Week Range | $117.69 – $163.00 |
| Shares Outstanding | 25.7 million (basic, 2026 Q2) |
M/i Homes Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.05B | $3.75B | $4.13B | $4.03B | $4.50B | $4.42B |
| Cost of Goods Sold | $2.36B | $2.84B | $3.07B | $3.01B | $3.31B | $3.40B |
| Gross Profit | $684.8M | $908.9M | $1.06B | $1.02B | $1.20B | $1.02B |
| Operating Income | $319.3M | $518.3M | $637.5M | $587.2M | $706.1M | $506.6M |
| Pre-Tax Income | $310.0M | $509.1M | $635.2M | $607.3M | $733.6M | $526.6M |
| Income Tax | $70.2M | $112.2M | $144.5M | $141.9M | $169.9M | $123.6M |
| Net Income | $239.9M | $396.9M | $490.7M | $465.4M | $563.7M | $402.9M |
| Diluted EPS | $8.23 | $13.28 | $17.24 | $16.21 | $19.71 | $14.74 |
M/i Homes Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.13B | $1.15B | $920.7M | $1.06B |
| Net Income | $106.5M | $64.0M | $67.8M | $79.1M |
| Diluted EPS | $3.92 | $2.34 | $2.55 | $3.02 |
M/i Homes Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $2.64B | $3.24B | $3.71B | $4.02B | $4.55B | $4.78B |
| Total Long-Term Debt | $879.7M | $970.4M | $945.7M | $865.8M | $986.2M | $976.9M |
| Total Liabilities | $1.38B | $1.62B | $1.64B | $1.51B | $1.61B | $1.61B |
| Shareholders' Equity | $1.26B | $1.62B | $2.07B | $2.52B | $2.94B | $3.17B |
M/i Homes Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $168.3M | -$16.8M | $184.1M | $552.1M | $179.7M | $137.3M |
| Cash From Investing | -$33.9M | -$51.7M | -$27.4M | -$18.6M | -$54.9M | -$59.7M |
| Cash From Financing | $120.3M | $44.1M | -$81.5M | -$112.2M | -$36.1M | -$210.0M |
| Free Cash Flow | $156.7M | -$42.1M | $174.7M | $546.4M | $171.3M | $127.7M |
Figures from M/i Homes' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full M/i Homes financials page for every line item.
M/i Homes Company Profile
| Ticker | MHO |
|---|---|
| Exchange | NYSE |
| Industry | Operative Builders |
| Headquarters | Columbus, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000799292 |
Frequently Asked Questions
What was M/i Homes' revenue in fiscal 2025?
M/i Homes (MHO) reported revenue of $4.42B for fiscal 2025.
What is M/i Homes' annual revenue history?
M/i Homes' annual revenue by fiscal year: 2020: $3.05B; 2021: $3.75B; 2022: $4.13B; 2023: $4.03B; 2024: $4.50B; 2025: $4.42B.
What was M/i Homes' net income in fiscal 2025?
M/i Homes reported net income of $402.9M for fiscal 2025.
What was M/i Homes' earnings per share (EPS) in fiscal 2025?
M/i Homes' diluted EPS was $14.74 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did M/i Homes generate in fiscal 2025?
M/i Homes generated $127.7M of free cash flow in fiscal 2025.
What was M/i Homes' revenue last quarter?
In its most recent reported quarter (2026 Q2), M/i Homes reported revenue of $1.06B.
How much debt does M/i Homes have?
M/i Homes reported $976.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of M/i Homes are outstanding?
M/i Homes reported a weighted average of 25.7 million basic shares outstanding in 2026 Q2.
What is M/i Homes' market cap?
Based on its latest closing price, M/i Homes (MHO) has a market capitalization of about $3.30B.
When does M/i Homes' fiscal year end?
M/i Homes' fiscal year end, as registered with the SEC, is December 31.
Where is M/i Homes headquartered?
M/i Homes lists its business address in Columbus, Ohio in its SEC filings.