Revenue
$4.42B
Fiscal year ended 2025-12-31Operating income
$506.55M
Fiscal year ended 2025-12-31Free cash flow
$127.74M
Fiscal year ended 2025-12-31M/I HOMES, INC. (MHO) reported revenue of $4.42B and net income of $402.94M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from M/I HOMES, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Operative Builders.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.42B | $4.50B | $4.03B | $4.13B | $3.75B | $3.05B | $2.50B | $2.29B | $1.96B | $1.69B |
| Cost of revenue | $3.40B | $3.31B | $3.01B | $3.09B | $2.84B | $2.36B | $2.01B | $1.84B | $1.56B | Unavailable |
| Gross profit | $1.02B | $1.20B | $1.02B | $1.04B | $908.92M | $684.78M | $494.43M | $449.58M | $400.95M | Unavailable |
| Operating income | $506.55M | $706.09M | $587.22M | $637.45M | $518.30M | $319.26M | $187.09M | $163.16M | $138.66M | $108.74M |
| Net income | $402.94M | $563.72M | $465.36M | $490.66M | $396.87M | $239.87M | $127.59M | $107.66M | $72.08M | $56.61M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 27.34M | shares 28.60M | shares 28.72M | shares 28.46M | shares 29.88M | shares 29.15M | shares 28.48M | shares 29.18M | shares 30.69M | shares 30.12M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | $123.65M | $169.88M | $141.91M | $144.54M | $112.25M | $70.17M | $38.44M | $33.63M | $48.24M | $35.18M |
| Diluted EPS | $14.74 | $19.71 | $16.21 | $17.24 | $13.28 | $8.23 | $4.48 | $3.70 | $2.26 | $1.84 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $262.77M | $258.42M | $222.76M | $214.81M | $192.01M | $177.55M | $147.95M | $137.78M | $126.28M | $111.60M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $21.53M | $151.70M | $34.44M |
| Total assets | $4.78B | $4.55B | $4.02B | $3.71B | $3.24B | $2.64B | $2.11B | $2.02B | $1.86B | $1.55B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $1.61B | $1.61B | $1.51B | $1.64B | $1.62B | $1.38B | $1.10B | $1.17B | $1.12B | $894.34M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $3.17B | $2.94B | $2.52B | $2.07B | $1.62B | $1.26B | $1.00B | $855.30M | $747.30M | $654.17M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $16.40M | $0 | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $137.35M | $179.74M | $552.13M | $184.07M | -$16.82M | $168.33M | $65.63M | -$2.59M | -$53.18M | $34.20M |
| Capital expenditures | $9.61M | $8.42M | $5.77M | $9.33M | $25.30M | $11.68M | $4.53M | $8.14M | $8.80M | $13.11M |
| Investing cash flow | -$59.74M | -$54.90M | -$18.63M | -$27.38M | -$51.72M | -$33.87M | -$27.59M | -$133.96M | -$9.16M | -$31.64M |
| Financing cash flow | -$209.99M | -$36.07M | -$112.24M | -$81.52M | $44.10M | $120.26M | -$53.48M | $6.38M | $179.60M | $18.79M |
| Net change in cash | -$132.38M | $88.77M | $421.26M | $75.17M | -$24.44M | $254.73M | -$15.45M | -$130.17M | $117.26M | $21.34M |
| Stock-based compensation | $17.00M | $14.56M | $11.37M | $8.79M | $8.56M | $7.14M | $5.85M | $5.97M | $6.04M | $5.32M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $0 | $3.66M | -$4.88M |
| Common share repurchases | $202.03M | $176.95M | $65.34M | $55.33M | $51.52M | $1.91M | $5.15M | $25.71M | $0 | $0 |
| Depreciation & amortization | $18.90M | $17.39M | $15.79M | $17.17M | $16.92M | $17.58M | $15.95M | $14.53M | $14.17M | $13.61M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $127.74M | $171.32M | $546.36M | $174.74M | -$42.12M | $156.66M | $61.10M | -$10.73M | -$61.98M | $21.09M |
| Gross margin | 23.0% | 26.6% | 25.3% | 25.3% | 24.3% | 22.5% | 19.8% | 19.7% | 20.4% | Unavailable |
| Operating margin | 11.5% | 15.7% | 14.6% | 15.4% | 13.8% | 10.5% | 7.5% | 7.1% | 7.1% | 6.4% |
| FCF margin | 2.9% | 3.8% | 13.5% | 4.2% | -1.1% | 5.1% | 2.4% | -0.5% | -3.2% | 1.2% |
| SBC / revenue | 0.4% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -1.9% | 11.7% | -2.4% | 10.3% | 23.0% | 21.8% | 9.4% | 16.5% | 16.0% | Unavailable |
| Net margin | 9.1% | 12.5% | 11.5% | 11.9% | 10.6% | 7.9% | 5.1% | 4.7% | 3.7% | 3.3% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.2% | 0.2% | 0.1% | 0.2% | 0.7% | 0.4% | 0.2% | 0.4% | 0.4% | 0.8% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MHO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-31View SEC filing
10-Q · Filed 2026-04-24View SEC filing
10-K · Filed 2026-02-13View SEC filing
10-Q · Filed 2025-10-24View SEC filing
10-Q · Filed 2025-07-25View SEC filing
10-Q · Filed 2025-04-25View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.