Zacks Investment Research·Jun 26, 2026
M/I Homes (MHO) Rises As Market Takes a Dip: Key FactsIn the latest trading session, M/I Homes (MHO) closed at $163, marking a +2.39% move from the previous day.
M/I Homes, Inc.(MHO)Earnings, Financials & Key Ratios
MHO•NYSE
$150.28
10.2× P/E·Price updated Jul 7, 2026
AboutM/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.Show more
- Revenue$4.42B-1.9%
- EBITDA$527M-27.0%
- Net Income$403M-28.5%
- EPS (Diluted)14.74-25.2%
- Gross Margin23.03%-13.5%
- EBITDA Margin11.92%-25.6%
- Operating Margin11.47%-26.9%
- Net Margin9.12%-27.1%
- ROE13.2%-36.1%
MHO Price & Volume
M/I Homes, Inc. (MHO) stock price & volume — 10-year historical chart
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Cyclical Margin Compression Challenges M/I Homes Valuation
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Inventory and interest sensitivity
Key Thesis Takeaways
- M/I Homes faces significant headwinds as revenue growth turned negative at -5.4% in 2026Q1, driven by a challenging interest rate environment that necessitates margin-dilutive sales incentives.
- While the company maintains a disciplined balance sheet with a debt-to-equity ratio of 0.32, the aggressive pivot toward spec home inventory introduces potential impairment risks if market absorption slows further.
- Investors should monitor whether the current operating margin of 9.3% can stabilize, as the reliance on share repurchases—often exceeding $50 million per quarter—may strain liquidity if cash flow volatility persists.
Verdict Logic
while the company maintains a robust current ratio of 4.64, the recent 35.9% year-over-year decline in EPS suggests that cyclical pressures currently outweigh the benefits of the firm's conservative leverage.
MHO Growth Metrics
M/I Homes, Inc. (MHO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.03%
5 Years7.72%
3 Years2.26%
TTM-1.48%
Profit CAGR
10 Years22.78%
5 Years10.93%
3 Years-6.35%
TTM-33.03%
EPS CAGR
10 Years24.26%
5 Years12.36%
3 Years-5.09%
TTM-29.77%
Return on Capital
10 Years13.57%
5 Years17.07%
3 Years15.12%
Last Year11.41%
MHO Recent Earnings
M/I Homes, Inc. (MHO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$2.55-3.4%
$2.64
Rev
$921M-0.1%
$922M
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$3.91+0.8%
$3.88
Rev
$1.1B+3.3%
$1.1B
Q4 2025
Oct 22, 2025Metric
Actual
Est
EPS
$4.14-5.0%
$4.36
Rev
$1.1B-2.1%
$1.2B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$4.42-0.2%
$4.43
Rev
$1.2B+0.6%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $2.55vs $2.64-3.4% | $921Mvs $922M-0.1% |
| Q1 2026 | Jan 28, 2026 | $3.91vs $3.88+0.8% | $1.1Bvs $1.1B+3.3% |
| Q4 2025 | Oct 22, 2025 | $4.14vs $4.36-5.0% | $1.1Bvs $1.2B-2.1% |
| Q3 2025 | Jul 23, 2025 | $4.42vs $4.43-0.2% | $1.2Bvs $1.2B+0.6% |
Based on last 12 quarters of dataView full earnings history →
Latest MHO News
Recent stock market news and headlines for M/I Homes, Inc. (MHO)
Zacks Investment Research·Jun 26, 2026
New Strong Sell Stocks for June 26thCHWY, FSM and MHO have been added to the Zacks Rank #5 (Strong Sell) List on June 26th, 2026.
Zacks Investment Research·Jun 16, 2026
M/I Homes (MHO) Advances While Market Declines: Some Information for InvestorsThe latest trading day saw M/I Homes (MHO) settling at $145.04, representing a +2.65% change from its previous close.
Peers Comparison
Key metrics vs top competitors for M/I Homes, Inc. (MHO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $150.28 | $3.87B | 10.20 | -1.93% | 9.12% | 13.2% | — | |
| $82.95 | $4.55B | 22.73 | 7.26% | 7.77% | 13.1% | — | |
| $71.77 | $6.71B | 9.24 | -0.57% | 8.83% | 10.84% | — | |
| $74.81 | $3.23B | 10.58 | -2.81% | 14.9% | 15.76% | — | |
| $65.42 | $1.9B | 13.46 | -6.38% | 3.33% | 5.16% | — | |
| $58.92 | $1.36B | 18.88 | -22.57% | 4.22% | 3.39% | — |
Compare MHO vs Peers
M/I Homes, Inc. (MHO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MHO SEC Filings & Documents
M/I Homes, Inc. (MHO) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 22, 2026·SEC
Material company update
Mar 4, 2026·SEC
Material company update
Jan 28, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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MHO Frequently Asked Questions
M/I Homes, Inc. (MHO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is M/I Homes, Inc.'s revenue?
M/I Homes, Inc. (MHO) reported $4.36B in revenue for fiscal year 2025. This represents a 656% increase from $577.2M in 1996.
How fast is M/I Homes, Inc. growing?
M/I Homes, Inc. (MHO) saw revenue decline by 1.9% over the past year.
Is MHO profitable?
Yes, M/I Homes, Inc. (MHO) is profitable, generating $359.5M in net income for fiscal year 2025 (9.1% net margin).
Dividend & Returns
What is MHO's return on equity?
M/I Homes, Inc. (MHO) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.
What is M/I Homes, Inc.'s free cash flow?
M/I Homes, Inc. (MHO) generated $199.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.