M/I Homes, Inc.

MHO Consumer Cyclical Residential Construction

M/I Homes, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, down 1.93% from fiscal 2024.

Revenue
−4.92%
EPS
−34.7%
Free cash flow
−139.6%
Total debt
−0.03%

Quarter to September 2026, against a year earlier

132.80 1.52 −1.13%
Market cap
$3.4B
P/E
12.5×
Fwd P/E
12.0×
Dividend yield
—
F-score
5/9
Altman Z
4.47
Beneish M
n/a
Dividend safety
n/a

M/I Homes, Inc. (MHO) Gross margin

Alert me on Gross margin

M/I Homes, Inc.'s gross margin over the twelve months to 30 September 2026 was 21.8%, down 2.3 percentage points from fiscal 2025 (24.1%). Over the past ten years it has ranged from 19.7% (fiscal 2018) to 26.6% (fiscal 2024); the current reading is higher than 64% of that period. That is above the Residential Construction industry median of 19.2% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 24.1% (2.51)
FY2024 26.6% 1.35
FY2023 25.3% (0.01)
FY2022 25.3% 1.01
FY2021 24.3% 1.78
FY2020 22.5% 2.71
FY2019 19.8% 0.11
FY2018 19.7% (0.78)
FY2017 20.4% 0.74
FY2016 19.7% (1.71)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 20.9% (1.29)
Jun 2026 22.2% 0.15
Mar 2026 22.0% (0.26)
Dec 2025 22.3% (1.60)
43 more quarters

Against its own ten years

Low 19.7% High 26.6%
Ten-year median 22.5%
Current reading's percentile 47

Gross margin against peers

Company Gross margin
IBP Installed Building Products, Inc. compare 33.1%
GRBK Green Brick Partners, Inc. compare 29.0%
SKY Champion Homes, Inc. compare 25.5%
CVCO Cavco Industries, Inc. compare 22.7%
MHO M/I Homes, Inc. 21.8%
LGIH LGI Homes, Inc. compare 19.2%
MTH Meritage Homes Corporation compare 17.7%
KBH KB Home compare 16.5%
DFH Dream Finders Homes, Inc. compare 15.2%
Residential Construction industry median 19.2%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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