See more : Grom Social Enterprises, Inc. (GROMW) Income Statement Analysis – Financial Results
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 |
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