Valuation, 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 $4.21B and net income of $277.42M for the fiscal year ended 2026-09-30. This page shows 1 annual period 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 |
|---|---|
| Revenue | $4.21B |
| Cost of revenue | $3.34B |
| Gross profit | $870.28M |
| Operating income | $345.28M |
| Net income | $277.42M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | Unavailable |
| Income tax expense | $83.74M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $273.63M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | Unavailable |
| Total assets | $4.86B |
| Current assets | Unavailable |
| Total liabilities | $1.61B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $3.25B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | $16.40M |
| Long-term debt | Unavailable |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $150.51M |
| Capital expenditures | $13.42M |
| Investing cash flow | -$69.81M |
| Financing cash flow | -$194.28M |
| Net change in cash | -$113.58M |
| Stock-based compensation | $17.74M |
| Common dividends paid | Unavailable |
| Common share repurchases | $201.86M |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | $137.09M |
| Gross margin | 20.7% |
| Operating margin | 8.2% |
| FCF margin | 3.3% |
| SBC / revenue | 0.4% |
| Current ratio | Unavailable |
| Revenue YoY growth | -6.0% |
| Net margin | 6.6% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 0.3% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.