M/I Homes, Inc.

NYSE•MHO

CEO: Mr. Robert H. Schottenstein J.D.

Sector: Consumer Cyclical

Industry: Residential Construction

Listing Date: 1993-11-03

M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential 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 also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, the company 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. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.

Contact Information

4131 Worth Avenue, Suite 500, Columbus, OH, 43219-6011, United States

614-418-8000

www.mihomes.com

Market Cap

$3.70B

P/E (TTM)

9.2

15.3

Dividend Yield

52W High

$158.92

52W Low

$100.22

52W Range

70%

Rank33Top 25.7%

4.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.15B-4.81%

4-Quarter Trend

EPS

$2.44-49.69%

4-Quarter Trend

FCF

-$13.46M-108.51%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Financial Services Revenue Growth Financial services revenue increased 8% to $125.5M, supported by increased loan originations via mortgage rate buy-down incentives offered.

Improved Debt Capitalization Ratio Homebuilding debt to capital ratio improved to 18% by December 31, 2025, reflecting strong balance sheet management efforts.

Significant Share Repurchase Activity Repurchased 1.6 million common shares for an aggregate price of $202.0M during 2025 under active repurchase programs.

Active Community Count Rises Ended 2025 with 232 active communities, marking a 6% increase over 2024, supporting future sales pace expectations.

Risk Factors

Homebuilding Margin Compression Homebuilding gross margin percentage declined 390 basis points to 20.8% due to increased buyer incentives and rising lot costs in 2025.

Backlog Value Decreases Ending backlog fell 28% to 1,809 homes valued at $989.9M, primarily due to lower new contracts and faster inventory sales.

Inventory Impairment Charges Taken Recorded aggregate charge of $47.7M in 2025, including $35.9M for inventory impairments and $11.8M for land deposit write-offs.

Affordability Pressures Persist Elevated mortgage interest rates continued to challenge affordability in 2025, negatively impacting consumer confidence and new contract absorption rates.

Outlook

2026 Community Count Growth Expect average community count to grow by about 5% in 2026, supported by $645.6M invested in land development during 2025.

Strategic Land Investment Focus Plan to manage land spending consistent with long-term growth objectives, focusing on opportunities meeting required operating returns.

Continued Incentive Use Expected Will continue promoting targeted incentives, including mortgage rate buydowns, to stimulate homebuyer demand in the challenging 2026 environment.

Focus on Cost Management Strategy emphasizes maintaining disciplined cost management, controlling overhead, and judicious use of sales incentives throughout 2026.

Peer Comparison

Revenue (TTM)

KBH

$6.24B

-10.0%

ASO

$6.01B

-0.7%

MTH

$5.86B

-8.4%

Gross Margin (Latest Quarter)

ANF

59.8%

-2.0pp

ASO

35.7%

+1.7pp

GRBK

29.3%

-1.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MTH	$5.12B	11.1	8.7%	24.7%
SKY	$5.07B	24.0	13.6%	5.6%
ANF	$4.61B	8.8	40.7%	58.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

5.6%

Steady Growth

4Q Net Income CAGR

-16.8%

Declining Profitability

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 21, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data