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Complete financial analysis of M/I Homes, Inc. (MHO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of M/I Homes, Inc., a leading company in the Residential Construction industry within the Consumer Cyclical sector.
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M/I Homes, Inc. (MHO)
About M/I Homes, Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.03B | 4.13B | 3.75B | 3.05B | 2.50B | 2.29B | 1.96B | 1.69B | 1.42B | 1.22B | 1.04B | 761.91M | 566.42M | 616.38M | 569.95M | 607.66M | 1.02B | 1.36B | 1.35B | 1.17B | 1.07B | 1.03B | 976.77M | 935.04M | 852.40M | 739.60M | 614.00M | 577.20M | 527.80M | 491.70M | 446.10M |
| Cost of Revenue | 3.01B | 3.09B | 2.84B | 2.37B | 2.01B | 1.84B | 1.57B | 1.36B | 1.12B | 962.45M | 830.31M | 614.04M | 489.12M | 511.41M | 550.41M | 685.46M | 832.60M | 1.01B | 1.01B | 875.61M | 796.73M | 783.75M | 755.21M | 733.94M | 665.70M | 586.70M | 493.00M | 466.70M | 430.20M | 402.00M | 363.90M |
| Gross Profit | 1.02B | 1.04B | 908.92M | 676.34M | 489.43M | 443.77M | 393.27M | 329.15M | 300.09M | 252.73M | 206.47M | 147.86M | 77.30M | 104.97M | 19.54M | -77.81M | 183.86M | 344.77M | 340.12M | 299.02M | 272.84M | 249.27M | 221.55M | 201.10M | 186.70M | 152.90M | 121.00M | 110.50M | 97.60M | 89.70M | 82.20M |
| Gross Profit Ratio | 25.26% | 25.27% | 24.26% | 22.20% | 19.57% | 19.41% | 20.04% | 19.46% | 21.16% | 20.80% | 19.91% | 19.41% | 13.65% | 17.03% | 3.43% | -12.80% | 18.09% | 25.36% | 25.24% | 25.46% | 25.51% | 24.13% | 22.68% | 21.51% | 21.90% | 20.67% | 19.71% | 19.14% | 18.49% | 18.24% | 18.43% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 222.77M | 214.81M | 192.01M | 177.55M | 147.95M | 137.78M | 126.28M | 111.60M | 93.21M | 88.83M | 79.49M | 62.63M | 52.66M | 53.96M | 59.17M | 77.46M | 171.02M | 196.66M | 164.59M | 139.38M | 128.10M | 126.26M | 120.34M | 108.05M | 101.40M | 91.40M | 78.20M | 72.90M | 65.20M | 0.00 | 0.00 |
| Selling & Marketing | 208.94M | 191.58M | 198.61M | 179.54M | 154.38M | 142.83M | 128.33M | 108.81M | 95.09M | 81.15M | 68.28M | 56.41M | 43.53M | 48.08M | 43.95M | 54.22M | 77.97M | 93.62M | 83.93M | 74.43M | 68.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 431.71M | 406.39M | 390.62M | 357.08M | 302.34M | 280.61M | 254.61M | 220.41M | 188.30M | 169.98M | 147.78M | 119.03M | 96.20M | 102.04M | 103.12M | 131.68M | 171.02M | 196.66M | 164.59M | 139.38M | 128.10M | 126.26M | 120.34M | 108.05M | 101.40M | 91.40M | 78.20M | 72.90M | 65.20M | 59.00M | 52.00M |
| Other Expenses | 0.00 | 6.00K | 2.05M | 466.00K | 0.00 | -5.81M | -7.68M | -3.99M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 941.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.12M | 2.20M | 1.80M | 1.60M | 1.40M | 1.80M | 60.60M | 53.60M |
| Operating Expenses | 431.71M | 406.39M | 390.62M | 357.08M | 302.34M | 280.61M | 254.61M | 220.41M | 188.30M | 169.98M | 147.78M | 119.03M | 96.20M | 102.04M | 103.12M | 131.68M | 171.02M | 196.66M | 164.59M | 139.38M | 128.10M | 126.26M | 120.34M | 110.18M | 103.60M | 93.20M | 79.80M | 74.30M | 67.00M | 60.60M | 53.60M |
| Cost & Expenses | 3.46B | 3.49B | 3.23B | 2.73B | 2.31B | 2.12B | 1.82B | 1.58B | 1.31B | 1.13B | 978.09M | 733.08M | 585.32M | 613.45M | 653.53M | 817.14M | 1.00B | 1.21B | 1.17B | 1.01B | 924.83M | 910.02M | 875.56M | 844.12M | 769.30M | 679.90M | 572.80M | 541.00M | 497.20M | 462.60M | 417.50M |
| Interest Income | 0.00 | 2.87M | 1.76M | 6.76M | 17.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 2.25M | 2.16M | 9.68M | 21.38M | 20.48M | 18.87M | 17.60M | 17.52M | 13.37M | 15.94M | 16.07M | 15.01M | 9.42M | 8.47M | 11.20M | 15.34M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 14.49M | 14.61M | 14.33M | 15.06M | 13.24M | 11.74M | 10.70M | 10.20M | 7.62M | 5.95M | 4.97M | 6.36M | 7.57M | 7.76M | 7.87M | 7.75M | 7.99M | 6.73M | 4.50M | 2.45M | 2.38M | 2.24M | 2.01M | 2.12M | 2.20M | 1.80M | 1.60M | 1.40M | 1.80M | 1.60M | 1.60M |
| EBITDA | 591.36M | 652.06M | 532.63M | 339.83M | 202.32M | 182.59M | 154.28M | 120.83M | 121.44M | 89.68M | 68.09M | 38.57M | -11.32M | -10.23M | -76.65M | -196.17M | -127.54M | 135.04M | 178.94M | 162.09M | 147.12M | 125.25M | 103.22M | 93.04M | 85.30M | 61.50M | 42.80M | 37.60M | 32.40M | 30.70M | 30.20M |
| EBITDA Ratio | 14.66% | 15.43% | 13.89% | 10.50% | 7.50% | 7.15% | 7.09% | 6.47% | 7.92% | 6.84% | 5.69% | 3.78% | -3.34% | 1.73% | -14.66% | 100.00% | 16.65% | 16.67% | 13.36% | 13.80% | 13.75% | 12.12% | 10.57% | 9.95% | 10.01% | 8.32% | 6.97% | 6.51% | 6.14% | 6.24% | 6.77% |
| Operating Income | 576.86M | 637.45M | 518.30M | 319.26M | 187.09M | 163.16M | 146.34M | 112.74M | 115.43M | 86.21M | 64.50M | 32.33M | -18.90M | -9.61M | -83.58M | -209.48M | 12.84M | 148.12M | 175.54M | 159.64M | 144.74M | 123.01M | 101.21M | 90.92M | 83.10M | 59.70M | 41.20M | 36.20M | 30.60M | 29.10M | 28.60M |
| Operating Income Ratio | 14.30% | 15.43% | 13.84% | 10.48% | 7.48% | 7.14% | 7.46% | 6.67% | 8.14% | 7.09% | 6.22% | 4.24% | -3.34% | -1.56% | -14.66% | -34.47% | 1.26% | 10.90% | 13.03% | 13.59% | 13.53% | 11.91% | 10.36% | 9.72% | 9.75% | 8.07% | 6.71% | 6.27% | 5.80% | 5.92% | 6.41% |
| Total Other Income/Expenses | 30.42M | -2.24M | -9.18M | -14.73M | -23.05M | -21.87M | -23.26M | -20.95M | -28.50M | -16.48M | -23.16M | -19.57M | -15.01M | -17.79M | -30.88M | -5.64M | -163.72M | -88.00M | -14.11M | -8.34M | -9.64M | -8.24M | -16.17M | -18.35M | -14.30M | -13.10M | -11.80M | -13.10M | -14.10M | -9.90M | -10.00M |
| Income Before Tax | 607.28M | 635.21M | 509.11M | 310.04M | 166.03M | 141.29M | 120.32M | 91.79M | 86.93M | 69.74M | 41.34M | 12.76M | -33.90M | -27.40M | -92.99M | -215.12M | -150.88M | 60.12M | 161.43M | 151.30M | 135.10M | 109.20M | 85.04M | 72.56M | 68.80M | 46.60M | 29.40M | 23.10M | 16.50M | 19.20M | 18.60M |
| Income Before Tax Ratio | 15.06% | 15.38% | 13.59% | 10.18% | 6.64% | 6.18% | 6.13% | 5.43% | 6.13% | 5.74% | 3.99% | 1.67% | -5.99% | -4.45% | -16.32% | -35.40% | -14.84% | 4.42% | 11.98% | 12.88% | 12.63% | 10.57% | 8.71% | 7.76% | 8.07% | 6.30% | 4.79% | 4.00% | 3.13% | 3.90% | 4.17% |
| Income Tax Expense | 141.91M | 144.55M | 112.25M | 70.17M | 38.44M | 33.63M | 48.24M | 35.18M | 35.17M | 18.95M | -110.09M | -588.00K | -25.00K | -1.14M | -30.88M | 30.29M | -58.40M | 21.24M | 60.64M | 59.76M | 53.37M | 42.59M | 32.44M | 28.12M | 27.20M | 18.90M | 12.00M | 9.00M | 6.60M | 7.60M | 2.50M |
| Net Income | 465.37M | 490.66M | 396.87M | 239.87M | 127.59M | 107.66M | 72.08M | 56.61M | 51.76M | 50.79M | 151.42M | 13.35M | -33.88M | -26.27M | -62.11M | -245.45M | -128.13M | 38.88M | 100.79M | 91.53M | 81.73M | 66.61M | 55.28M | 44.44M | 41.60M | 27.70M | 17.40M | 12.80M | 9.90M | 11.60M | 16.10M |
| Net Income Ratio | 11.54% | 11.88% | 10.59% | 7.87% | 5.10% | 4.71% | 3.67% | 3.35% | 3.65% | 4.18% | 14.61% | 1.75% | -5.98% | -4.26% | -10.90% | -40.39% | -12.61% | 2.86% | 7.48% | 7.79% | 7.64% | 6.45% | 5.66% | 4.75% | 4.88% | 3.75% | 2.83% | 2.22% | 1.88% | 2.36% | 3.61% |
| EPS | 16.76 | 17.60 | 13.64 | 8.38 | 4.58 | 3.81 | 2.57 | 2.10 | 1.91 | 1.88 | 6.11 | 0.68 | -1.81 | -1.42 | -3.71 | -17.51 | -9.17 | 2.78 | 7.05 | 6.49 | 5.66 | 4.41 | 1.83 | 2.82 | 2.38 | 1.65 | 1.08 | 0.73 | 0.28 | 0.33 | 0.47 |
| EPS Diluted | 16.21 | 17.24 | 13.28 | 8.23 | 4.48 | 3.69 | 2.26 | 1.84 | 1.68 | 1.65 | 5.24 | 0.67 | -1.81 | -1.42 | -3.71 | -17.51 | -9.17 | 2.74 | 6.93 | 6.35 | 5.51 | 4.30 | 1.78 | 2.76 | 2.34 | 1.63 | 1.07 | 0.73 | 0.28 | 0.33 | 0.47 |
| Weighted Avg Shares Out | 27.77M | 27.88M | 29.09M | 28.61M | 27.85M | 28.22M | 25.77M | 24.67M | 24.58M | 24.46M | 23.82M | 19.65M | 18.70M | 18.52M | 16.73M | 14.02M | 13.98M | 13.97M | 14.30M | 14.11M | 14.43M | 15.10M | 30.18M | 15.77M | 17.52M | 16.79M | 16.22M | 17.60M | 17.60M | 17.60M | 21.99M |
| Weighted Avg Shares Out (Dil) | 28.72M | 28.46M | 29.88M | 29.15M | 28.48M | 29.18M | 30.69M | 30.12M | 30.05M | 29.91M | 28.76M | 19.89M | 18.70M | 18.52M | 16.73M | 14.02M | 13.98M | 14.17M | 14.54M | 14.41M | 14.83M | 15.51M | 31.06M | 16.11M | 17.77M | 16.98M | 16.30M | 17.60M | 17.60M | 17.60M | 21.99M |
Why M/I Homes (MHO) Dipped More Than Broader Market Today
In the most recent trading session, M/I Homes (MHO) closed at $159.81, indicating a -1.47% shift from the previous trading day.
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...
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...
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...
M/I Homes (MHO) Tops Q3 Earnings and Revenue Estimates
M/I Homes (MHO) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $4.82 per share a year ago.
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...
Should M/I Homes Stock be Part of Your Portfolio Ahead of Q3 Earnings?
MHO's third-quarter 2024 results are likely to gain from Smart Series, land position and solid balance sheet amid higher expenses.
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.
Why the Market Dipped But M/I Homes (MHO) Gained Today
In the closing of the recent trading day, M/I Homes (MHO) stood at $158.26, denoting a +0.11% change from the preceding trading day.
Builder Confidence Rises in October: 5 Housing Stocks to Watch
Builder sentiment strengthens as inflation eases. However, ongoing affordability concerns remain a challenge for many potential homebuyers.
Source: https://incomestatements.info
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