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MHO Financials M/I Homes, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 7.7% per year over the past 5 years.
  • Net income has grown faster than revenue (10.9% vs 7.7% per year).
  • Operating margin has been roughly flat, at 11.5% in the latest year.
  • Free cash flow has declined 4.0% per year over the past 5 years.
Revenue & net income
-$34M $2B $5B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-6% 10% 27% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-12% 9% 31% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$135M $205M $546M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $411M $822M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$210M $171M $552M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $4.4B $403M 23.0% 11.5% 12.7% 8.4% $128M — $689M
2024 $4.5B $564M 26.6% 15.7% 19.2% 12.4% $171M — $822M
2023 $4.0B $465M 25.3% 14.6% 18.5% 11.6% $546M — $733M
2022 $4.1B $491M 25.3% 15.4% 23.7% 13.2% $175M — $312M
2021 $3.7B $397M 24.3% 13.8% 24.4% 12.3% -$42M — $236M
2020 $3.0B $240M 22.5% 10.5% 19.1% 9.1% $157M — $261M
2019 $2.5B $128M 19.8% 7.5% 12.7% 6.1% $61M — $6M
2018 $2.3B $108M 19.7% 7.1% 12.6% 5.3% -$11M — $22M
2017 $2.0B $72M 20.4% 7.1% 9.6% 3.9% -$62M — $152M
2016 $1.7B $57M 0.0% 6.4% 8.7% 3.7% $21M — $34M
2015 $1.4B $52M 0.0% 7.9% 8.7% 3.7% -$86M — —
2014 $1.2B $51M 0.0% 6.8% 9.3% 4.2% -$135M — —
2013 $1.0B $151M 0.0% 5.7% 30.7% 13.6% -$76M — —
2012 $762M $13M 0.0% 3.8% 4.0% 1.6% -$48M — —
2011 $566M -$34M 0.0% -3.3% -12.4% -5.1% -$35M — —

Valuation over time

How the market has priced MHO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 5.0 10.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.5 1.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is MHO growing its revenue and profit?

Over the past 5 years, M/I Homes, Inc.'s revenue has grown 7.7% per year, and net income grown 10.9% per year. These are computed facts, not advice.

How much debt does MHO have?

As of FY2025, M/I Homes, Inc. reported — of total debt against $689M of cash.

What is MHO's profit margin?

In FY2025, gross margin was 23.0%, operating margin 11.5%, and net margin 9.1%.

What is MHO's P/E ratio?

M/I Homes, Inc.'s P/E (TTM) is 11.98 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MHO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.