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

134.05 3.91 −2.83%
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) Operating margin

Alert me on Operating margin

M/I Homes, Inc.'s operating margin over the twelve months to 30 September 2026 was 8.21%, down 3.3 percentage points from fiscal 2025 (11.5%). Over the past ten years it has ranged from 6.43% (fiscal 2016) to 15.7% (fiscal 2024); the current reading is higher than 64% of that period. That is above the Residential Construction industry median of 7.50% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 11.5% (4.20)
FY2024 15.7% 1.11
FY2023 14.6% (0.87)
FY2022 15.4% 1.59
FY2021 13.8% 3.36
FY2020 10.5% 3.00
FY2019 7.48% 0.34
FY2018 7.14% 0.07
FY2017 7.07% 0.64
FY2016 6.43% (1.45)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.74% (1.79)
Jun 2026 9.53% 0.18
Mar 2026 9.35% 2.84
Dec 2025 6.51% (5.44)
43 more quarters

Against its own ten years

Low 6.43% High 15.7%
Ten-year median 10.5%
Current reading's percentile 42

Operating margin against peers

Company Operating margin
GRBK Green Brick Partners, Inc. compare 17.4%
IBP Installed Building Products, Inc. compare 11.8%
CVCO Cavco Industries, Inc. compare 9.54%
SKY Champion Homes, Inc. compare 8.27%
MHO M/I Homes, Inc. 8.21%
MTH Meritage Homes Corporation compare 6.78%
KBH KB Home compare 5.18%
LGIH LGI Homes, Inc. compare 4.18%
DFH Dream Finders Homes, Inc. compare 2.96%
Residential Construction industry median 7.50%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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