Revenue
$1.08B
Fiscal year ended 2026-09-30Operating income
$83.30M
Fiscal year ended 2026-09-30Free cash flow
-$16.95M
Fiscal year ended 2026-09-30Valuation, from the filing
| Public float | $2.90B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $112.54 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 7.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
7.2× earnings today, against a median of 5.9× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $2.90B | 7.2× | |
| 2024-06-30 | $3.30B | 5.9× | |
| 2023-06-30 | $2.40B | 5.2× | |
| 2022-06-30 | $1.10B | 2.2× | |
| 2021-06-30 | $1.70B | 4.3× | |
| 2020-06-30 | $961.90M | 4.0× | |
| 2019-06-30 | $770.60M | 6.0× | |
| 2018-06-30 | $739.04M | 6.9× | |
| 2017-06-30 | $699.11M | 9.7× | |
| 2016-06-30 | $452.97M | 8.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Operative Builders filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| CapEx / revenue | 0.2% | 8th | |
| FCF margin | 2.9% | 33th | |
| Operating margin | 11.5% | 67th | |
| Gross margin | 23.0% | 62th | |
| Net margin | 9.1% | 57th | |
| Revenue YoY growth | -1.9% | 43th | |
| SBC / revenue | 0.4% | 57th |
M/I HOMES, INC. (MHO) reported revenue of $1.08B and net income of $66.55M for the fiscal year ended 2026-09-30. 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 | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.06B | $920.71M | $1.15B | $1.13B | $1.16B | $976.09M | $1.21B | $1.14B | $1.11B |
| Cost of revenue | $851.59M | $827.76M | $718.12M | $939.59M | $861.70M | $875.97M | $723.31M | $908.45M | $833.47M | $800.50M |
| Gross profit | $224.48M | $235.50M | $202.59M | $207.71M | $270.09M | $286.62M | $252.78M | $296.82M | $309.44M | $309.28M |
| Operating income | $83.30M | $101.28M | $86.06M | $74.64M | $135.27M | $155.72M | $140.92M | $163.99M | $181.99M | $186.79M |
| Net income | $66.55M | $79.07M | $67.83M | $63.97M | $106.49M | $121.24M | $111.24M | $133.47M | $145.45M | $146.75M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 25.95M | shares 26.19M | shares 26.56M | Unavailable | shares 27.19M | shares 27.41M | shares 27.94M | Unavailable | shares 28.53M | shares 28.67M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | $20.32M | $25.50M | $21.34M | $16.58M | $33.33M | $38.85M | $34.88M | $37.09M | $43.22M | $47.39M |
| Diluted EPS | $2.56 | $3.02 | $2.55 | Unavailable | $3.92 | $4.42 | $3.98 | Unavailable | $5.10 | $5.12 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $76.57M | $70.20M | $61.19M | $65.68M | $70.77M | $67.25M | $59.07M | $70.06M | $68.28M | $63.99M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $4.86B | $4.86B | $4.79B | $4.78B | $4.77B | $4.74B | $4.59B | $4.55B | $4.46B | $4.34B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $1.61B | $1.63B | $1.60B | $1.61B | $1.62B | $1.66B | $1.58B | $1.61B | $1.61B | $1.60B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $3.25B | $3.23B | $3.19B | $3.17B | $3.15B | $3.08B | $3.01B | $2.94B | $2.85B | $2.74B |
| 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 | $16.40M | $16.40M |
| 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 | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$13.32M | $36.81M | $135.73M | -$8.71M | $43.41M | $37.76M | $64.89M | $104.40M | -$67.94M | $27.51M |
| Capital expenditures | $3.63M | $5.37M | $154.00K | $4.26M | $1.40M | $2.61M | $1.34M | $2.07M | $580.00K | $5.49M |
| Investing cash flow | -$34.01M | -$11.87M | $5.12M | -$29.04M | -$15.45M | -$12.32M | -$2.93M | -$9.86M | -$17.50M | -$10.43M |
| Financing cash flow | -$68.01M | -$56.41M | -$62.62M | -$7.24M | -$94.19M | -$1.42M | -$107.15M | $7.11M | -$32.10M | -$49.78M |
| Net change in cash | -$115.35M | -$31.48M | $78.23M | -$44.98M | -$66.22M | $24.02M | -$45.19M | $101.65M | -$117.54M | -$32.70M |
| Stock-based compensation | $4.63M | $4.56M | $4.18M | $4.36M | $4.52M | $3.92M | $4.20M | $3.70M | $3.51M | $3.81M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $50.09M | $50.05M | $50.07M | $51.66M | $50.18M | $50.14M | $50.06M | $51.13M | $50.23M | $50.31M |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$16.95M | $31.43M | $135.58M | -$12.96M | $42.01M | $35.15M | $63.55M | $102.33M | -$68.52M | $22.02M |
| Gross margin | 20.9% | 22.1% | 22.0% | 18.1% | 23.9% | 24.7% | 25.9% | 24.6% | 27.1% | 27.9% |
| Operating margin | 7.7% | 9.5% | 9.3% | 6.5% | 12.0% | 13.4% | 14.4% | 13.6% | 15.9% | 16.8% |
| FCF margin | -1.6% | 3.0% | 14.7% | -1.1% | 3.7% | 3.0% | 6.5% | 8.5% | -6.0% | 2.0% |
| SBC / revenue | 0.4% | 0.4% | 0.5% | 0.4% | 0.4% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -4.9% | -8.5% | -5.7% | -4.8% | -1.0% | 4.8% | -6.7% | 23.9% | 9.2% | 9.4% |
| Net margin | 6.2% | 7.4% | 7.4% | 5.6% | 9.4% | 10.4% | 11.4% | 11.1% | 12.7% | 13.2% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.3% | 0.5% | 0.0% | 0.4% | 0.1% | 0.2% | 0.1% | 0.2% | 0.1% | 0.5% |
| 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 2026-10-23View SEC filing
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.