M/I Homes, Inc. (MHO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 920.71M | 1.15B | 1.13B | 1.16B | 973.37M | 1.21B | 1.14B | 1.11B | 1.05B | 972.59M | 1.05B | 1.01B | 1B | 1.22B | 1.01B | 1.04B | 860.81M | 1.05B | 904.32M | 961.04M |
| Revenue Growth % | -5.41% | -4.81% | -0.72% | 4.81% | -7.01% | 23.92% | 8.95% | 9.33% | 4.61% | -20.08% | 3.3% | -2.51% | 16.23% | 15.71% | 12.01% | 8.28% | 3.89% | 16.03% | 6.65% | 34.56% |
| Cost of Goods Sold | 718.12M | 939.59M | 859.04M | 875.97M | 723.31M | 908.45M | 833.47M | 800.5M | 763.36M | 728.2M | 764.64M | 755.83M | 765.9M | 942.47M | 741.01M | 756.37M | 647.7M | 808.15M | 682.57M | 719.67M |
| COGS % of Revenue | 78% | 81.9% | 75.9% | 75.35% | 74.31% | 75.37% | 73.11% | 72.17% | 72.93% | 74.87% | 73.08% | 74.5% | 76.55% | 77.44% | 73.16% | 72.68% | 75.24% | 76.84% | 75.48% | 74.88% |
| Gross Profit | 202.59M | 207.71M | 272.75M | 286.62M | 250.06M | 296.82M | 306.57M | 308.74M | 283.34M | 244.39M | 281.73M | 258.75M | 234.63M | 274.53M | 271.92M | 284.29M | 213.11M | 243.6M | 221.75M | 241.37M |
| Gross Margin % | 22% | 18.1% | 24.1% | 24.65% | 25.69% | 24.63% | 26.89% | 27.83% | 27.07% | 25.13% | 26.92% | 25.5% | 23.45% | 22.56% | 26.84% | 27.32% | 24.76% | 23.16% | 24.52% | 25.12% |
| Gross Profit Growth % | -18.98% | -30.02% | -11.03% | -7.16% | -11.75% | 21.46% | 8.81% | 19.32% | 20.76% | -10.98% | 3.61% | -8.98% | 10.1% | 12.7% | 22.62% | 17.78% | 5.51% | 16.7% | 14% | 54.32% |
| Operating Expenses | 116.53M | 133.07M | 134.75M | 130.9M | 111.86M | 132.83M | 127.45M | 122.49M | 110.02M | 114.54M | 109.6M | 107.53M | 100.04M | 110.14M | 104.62M | 101.42M | 90.2M | 103.54M | 96.53M | 99.65M |
| OpEx % of Revenue | 12.66% | 11.6% | 11.91% | 11.26% | 11.49% | 11.02% | 11.18% | 11.04% | 10.51% | 11.78% | 10.47% | 10.6% | 10% | 9.05% | 10.33% | 9.75% | 10.48% | 9.84% | 10.67% | 10.37% |
| Selling, General & Admin | 116.53M | 133.07M | 134.81M | 130.9M | 111.86M | 132.83M | 127.45M | 122.49M | 110.02M | 114.54M | 109.6M | 107.53M | 100.04M | 110.14M | 104.62M | 101.42M | 90.2M | 103.54M | 96.53M | 99.65M |
| SG&A % of Revenue | 12.66% | 11.6% | 11.91% | 11.26% | 11.49% | 11.02% | 11.18% | 11.04% | 10.51% | 11.78% | 10.47% | 10.6% | 10% | 9.05% | 10.33% | 9.75% | 10.48% | 9.84% | 10.67% | 10.37% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7K | -11K | 0 | 1K | 16K | 0 | 0 | 0 |
| Operating Income | 86.06M | 74.64M | 138M | 155.72M | 138.2M | 163.99M | 179.12M | 186.25M | 173.32M | 129.85M | 172.13M | 151.23M | 134.59M | 164.39M | 167.29M | 182.87M | 122.91M | 140.06M | 125.22M | 141.71M |
| Operating Margin % | 9.35% | 6.51% | 12.19% | 13.39% | 14.2% | 13.61% | 15.71% | 16.79% | 16.56% | 13.35% | 16.45% | 14.91% | 13.45% | 13.51% | 16.52% | 17.57% | 14.28% | 13.32% | 13.85% | 14.75% |
| Operating Income Growth % | -37.72% | -54.48% | -22.96% | -16.39% | -20.26% | 26.3% | 4.06% | 23.16% | 28.78% | -21.01% | 2.89% | -17.3% | 9.5% | 17.36% | 33.6% | 29.04% | 10.63% | 36.09% | 30.31% | 90.89% |
| EBITDA | 86.06M | 80.72M | 143.12M | 160.62M | 142.14M | 167.98M | 183.12M | 190.04M | 176.98M | 133.51M | 175.63M | 154.83M | 138.32M | 168.1M | 171M | 186.51M | 126.45M | 143.8M | 128.88M | 145.19M |
| EBITDA Margin % | 9.35% | 7.04% | 12.65% | 13.82% | 14.6% | 13.94% | 16.06% | 17.13% | 16.91% | 13.73% | 16.78% | 15.26% | 13.83% | 13.81% | 16.88% | 17.92% | 14.69% | 13.67% | 14.25% | 15.11% |
| EBITDA Growth % | -39.45% | -51.95% | -21.85% | -15.48% | -19.68% | 25.82% | 4.27% | 22.75% | 27.95% | -20.58% | 2.71% | -16.99% | 9.39% | 16.9% | 32.68% | 28.46% | 10.38% | 34.59% | 28.82% | 86.53% |
| D&A (Non-Cash Add-back) | 0 | 6.08M | 5.12M | 4.9M | 3.95M | 3.99M | 4.01M | 3.8M | 3.66M | 3.66M | 3.5M | 3.6M | 3.74M | 3.71M | 3.71M | 3.64M | 3.54M | 3.73M | 3.66M | 3.48M |
| EBIT | 86.06M | 133.86M | 163.51M | 160.09M | 146.12M | 163.99M | 188.67M | 186.79M | 173.32M | 129.85M | 172.13M | 155.36M | 134.59M | 164.39M | 165.94M | 182.87M | 122.91M | 138.93M | 125.22M | 140.76M |
| Net Interest Income | 3.1M | -53.3M | -23.7M | -4.38M | -5.2M | 6.57M | 6.68M | 7.35M | 6.92M | 8.13M | 5.83M | 4.67M | 1.39M | -185K | -701K | -693K | -671K | -602K | 74K | -452K |
| Interest Income | 3.1M | 0 | 0 | 0 | 0 | 6.57M | 6.68M | 7.35M | 6.92M | 8.13M | 5.83M | 4.67M | 1.39M | 0 | 0 | 0 | 0 | 0 | 74K | 0 |
| Interest Expense | 0 | 53.3M | 23.7M | 4.38M | 5.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 185K | 701K | 693K | 671K | 602K | 0 | 452K |
| Other Income/Expense | 3.1M | 5.91M | 1.82M | 4.38M | 7.92M | 6.57M | 9.55M | 7.89M | 6.92M | 8.13M | 5.83M | 4.13M | 1.4M | -196K | -701K | -692K | -655K | 1.3M | -9.05M | -417K |
| Pretax Income | 89.17M | 80.55M | 139.82M | 160.09M | 146.12M | 170.56M | 188.67M | 194.14M | 180.24M | 137.97M | 177.96M | 155.36M | 135.98M | 164.19M | 166.59M | 182.17M | 122.25M | 141.36M | 116.17M | 141.3M |
| Pretax Margin % | 9.68% | 7.02% | 12.35% | 13.77% | 15.01% | 14.15% | 16.55% | 17.5% | 17.22% | 14.19% | 17.01% | 15.31% | 13.59% | 13.49% | 16.45% | 17.51% | 14.2% | 13.44% | 12.85% | 14.7% |
| Income Tax | 21.34M | 16.58M | 33.33M | 38.85M | 34.88M | 37.09M | 43.22M | 47.39M | 42.18M | 32.69M | 38.95M | 37.36M | 32.92M | 33.8M | 35M | 45.34M | 30.41M | 27.98M | 25.16M | 33.69M |
| Effective Tax Rate % | 23.93% | 20.59% | 23.84% | 24.27% | 23.87% | 21.75% | 22.91% | 24.41% | 23.4% | 23.69% | 21.89% | 24.05% | 24.21% | 20.58% | 21.01% | 24.89% | 24.88% | 19.79% | 21.66% | 23.84% |
| Net Income | 67.83M | 63.97M | 106.49M | 121.24M | 111.24M | 133.47M | 145.45M | 146.75M | 138.06M | 105.28M | 139.02M | 118M | 103.07M | 130.4M | 131.59M | 136.84M | 91.84M | 113.38M | 91.01M | 107.61M |
| Net Margin % | 7.37% | 5.58% | 9.41% | 10.43% | 11.43% | 11.07% | 12.76% | 13.23% | 13.19% | 10.82% | 13.29% | 11.63% | 10.3% | 10.71% | 12.99% | 13.15% | 10.67% | 10.78% | 10.06% | 11.2% |
| Net Income Growth % | -39.02% | -52.07% | -26.79% | -17.38% | -19.43% | 26.77% | 4.63% | 24.36% | 33.95% | -19.26% | 5.64% | -13.77% | 12.22% | 15% | 44.59% | 27.16% | 8.22% | 41.58% | 23.76% | 97.42% |
| Net Income (Continuing) | 67.83M | 63.97M | 106.49M | 121.24M | 111.24M | 133.47M | 145.45M | 146.75M | 138.06M | 105.28M | 139.02M | 118M | 103.07M | 130.4M | 131.59M | 136.84M | 91.84M | 113.38M | 91.01M | 107.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.55 | 2.39 | 3.92 | 4.42 | 3.98 | 4.71 | 5.10 | 5.12 | 4.78 | 3.66 | 4.82 | 4.12 | 3.64 | 4.65 | 4.67 | 4.79 | 3.16 | 3.83 | 3.03 | 3.58 |
| EPS Growth % | -35.93% | -49.26% | -23.14% | -13.67% | -16.74% | 28.69% | 5.81% | 24.27% | 31.32% | -21.29% | 3.21% | -13.99% | 15.19% | 21.41% | 54.13% | 33.8% | 10.88% | 41.33% | 20.72% | 89.42% |
| EPS (Basic) | 2.61 | 2.44 | 4.01 | 4.52 | 4.07 | 4.85 | 5.26 | 5.26 | 4.92 | 3.79 | 4.98 | 4.25 | 3.73 | 4.75 | 4.76 | 4.88 | 3.23 | 3.93 | 3.11 | 3.68 |
| Diluted Shares Outstanding | 26.56M | 26.81M | 27.51M | 27.67M | 27.94M | 28.6M | 28.53M | 28.67M | 28.89M | 28.76M | 28.84M | 28.62M | 28.3M | 28.02M | 28.18M | 28.59M | 29.07M | 29.61M | 30.03M | 30.09M |
| Basic Shares Outstanding | 26.01M | 26.24M | 26.89M | 27.07M | 27.31M | 27.78M | 27.64M | 27.88M | 28.05M | 27.77M | 27.91M | 27.79M | 27.6M | 27.43M | 27.62M | 28.04M | 28.42M | 28.83M | 29.25M | 29.27M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |