M/I Homes Financial Statements
NYSE: MHOConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
M/I Homes revenue and earnings
In fiscal 2025, M/I Homes generated $4.42 billion in revenue, down 1.9% from fiscal 2024, its first annual decline since 2023. Net income was $402.9 million (-28.5% year over year), for a net margin of 9.1% versus a median of 11.5% in the prior 5 years. Gross margin was 23.0% (down from 26.6%) and operating margin 11.5%.
Diluted earnings per share came in at $14.74, down from $19.71. Over the last 5 fiscal years, MHO's revenue has grown at a 7.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
M/I Homes income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.42B | 4.50B | 4.03B | 4.13B | 3.75B | 3.05B | 2.50B | 2.29B | 1.96B | 1.69B |
| Revenue growth (YoY) | -1.93% | +11.68% | -2.37% | +10.29% | +22.97% | +21.83% | +9.36% | +16.53% | +16.00% | +19.24% |
| Cost of Revenue | 3.40B | 3.31B | 3.01B | 3.09B | 2.84B | 2.36B | 2.01B | 1.84B | 1.56B | — |
| Gross Profit | 1.02B | 1.20B | 1.02B | 1.04B | 908.91M | 684.78M | 494.43M | 449.58M | 400.95M | — |
| Operating Expenses | 510.65M | 492.80M | 431.71M | 406.39M | 390.62M | 365.52M | 307.34M | 286.42M | 262.29M | — |
| Selling, General & Admin | 510.65M | 492.80M | 431.71M | 406.39M | 390.62M | 357.08M | 302.34M | 280.61M | 254.61M | 220.41M |
| Operating Income | 506.55M | 706.09M | 587.22M | 637.45M | 518.30M | 319.26M | 187.09M | 163.16M | 138.66M | 108.74M |
| Interest Expense | — | — | -20.02M | 2.25M | 2.16M | 9.68M | 21.38M | 20.48M | 18.87M | 17.60M |
| Pretax Income | 526.59M | 733.61M | 607.28M | 635.21M | 509.11M | 310.04M | 166.03M | 141.29M | 120.32M | 91.78M |
| Income Tax | 123.65M | 169.88M | 141.91M | 144.54M | 112.25M | 70.17M | 38.44M | 33.63M | 48.24M | 35.18M |
| Net Income | 402.94M | 563.73M | 465.37M | 490.66M | 396.87M | 239.87M | 127.59M | 107.66M | 72.08M | 56.61M |
| Net Income growth (YoY) | -28.52% | +21.14% | -5.16% | +23.63% | +65.45% | +88.01% | +18.51% | +49.36% | +27.33% | +9.36% |
| EPS (Basic) | 15.07 | 20.29 | 16.76 | 17.60 | 13.64 | 8.38 | 4.58 | 3.81 | 2.57 | 2.10 |
| EPS (Diluted) | 14.74 | 19.71 | 16.21 | 17.24 | 13.28 | 8.23 | 4.48 | 3.70 | 2.26 | 1.84 |
| Shares Outstanding (Basic) | 26.73M | 27.78M | 27.77M | 27.88M | 29.09M | 28.61M | 27.85M | 28.23M | 25.77M | 24.67M |
| Shares Outstanding (Diluted) | 27.34M | 28.60M | 28.72M | 28.46M | 29.88M | 29.15M | 28.48M | 29.18M | 30.69M | 30.12M |
| EBITDA | 525.45M | 723.48M | 603.01M | 654.63M | 535.21M | 336.84M | 203.04M | 177.69M | 152.83M | 122.35M |
| Gross Margin | 23.03% | 26.61% | 25.26% | 25.27% | 24.26% | 22.48% | 19.77% | 19.66% | 20.44% | — |
| Operating Margin | 11.47% | 15.67% | 14.56% | 15.43% | 13.84% | 10.48% | 7.48% | 7.14% | 7.07% | 6.43% |
| Net Margin | 9.12% | 12.51% | 11.54% | 11.88% | 10.59% | 7.87% | 5.10% | 4.71% | 3.67% | 3.35% |
This table shows 10 annual periods of M/I Homes's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MHO's reporting calendar. What is a income statement?