MARKETS / NYSE / MHO

NYSE · OPERATIVE BUILDERS · LARGE CAP

M/I Homes, Inc. MHO

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$4.4B

▼ 1.9% YoY

Net income

$402.9M

▼ 28.5% YoY

Free cash flow

$127.7M

▼ 25.4% YoY

In brief

What this company does

M/I Homes, Inc. designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. As of December 31, 2025, it offered homes for sale in 232 communities located in ten states and operated within 17 markets. The Company consists of two distinct operations: homebuilding and financial services. Homebuilding operations represented 97% of consolidated revenue in 2025 and 2024. Its financial services operations generate revenue primarily from originating and selling mortgages and collecting fees for title insurance and closing services. The Company commenced homebuilding activities in 1976, marking 2026 as its 50th year in business. Since 1976, the Company has sold over 168,200 homes.

Written from the business description in M/I HOMES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.4B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.4 · Net income 0.4

Compound annual growth

Revenue

+2.3%

+7.7%

+12.0%

+14.0%

Net income

−6.4%

+10.9%

+22.8%

EPS, diluted

−5.1%

+12.4%

+24.3%

Returned to shareholders

+53.1%

+44.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +7.7% a year over five years — but profit grew faster: net income at +10.9%, earnings per share at +12.4%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 11.5% · Net 9.1%

ROE

FY2025 · ROE 13.2%

Gross margin23.0%

Operating margin11.5%

Net margin9.1%

Return on assets8.6%

EBITDAUSD 525.5M

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders

USD 193.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 127.7

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 193.7

Dividends paid—

Net buybacksUSD 193.7M

Share of profit48.1%

Consecutive raises—

USD 193.7M in buybacks — 48% of the year's profit went back to shareholders.

Total assetsUSD 4.8B

EquityUSD 3.2B

CashUSD 689.2M

Equity funds 66% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	4.4	4.5	4.0	4.1	3.7	3.0	2.5	2.3	2.0	1.7	1.4	1.2	1.0	0.8	0.6	0.6	0.6
Operating income $B	0.5	0.7	0.6	0.6	0.5	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.0	−0.0	−0.0	·
EBITDA $B	0.5	0.7	0.6	0.7	0.5	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.0	−0.0	−0.0	·
Income tax $B	0.1	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	−0.1	−0.0	−0.0	−0.0	−0.0
Net income $B	0.4	0.6	0.5	0.5	0.4	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.0	−0.0	−0.0	−0.1
Free cash flow $B	0.1	0.2	0.5	0.2	−0.0	0.2	0.1	−0.0	−0.1	0.0	−0.1	−0.1	−0.1	−0.0	−0.0	−0.0	0.1
EPS, diluted $	14.74	19.71	16.21	17.24	13.28	8.23	4.48	3.70	2.26	1.84	1.68	1.65	5.24	0.67	−1.81	−1.42	−3.71
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	0	0	5	9	9	10	2	0	−0	·	·
ROE %	13.2	20.7	20.3	26.6	27.5	21.2	13.7	13.4	10.3	9.1	9.1	9.8	36.6	4.4	−11.7	−8.7	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityOperative Builders

Listed onNYSE

Incorporated inOhio

Fiscal year endsDecember 31

Data on record since2009