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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.4B
$403M
23.0%
11.5%
$128M
—
$689M
2024
$4.5B
$564M
26.6%
15.7%
$171M
—
$822M
2023
$4.0B
$465M
25.3%
14.6%
$546M
—
$733M
2022
$4.1B
$491M
25.3%
15.4%
$175M
—
$312M
2021
$3.7B
$397M
24.3%
13.8%
-$42M
—
$236M
2020
$3.0B
$240M
22.5%
10.5%
$157M
—
$261M
2019
$2.5B
$128M
19.8%
7.5%
$61M
—
$6M
2018
$2.3B
$108M
19.7%
7.1%
-$11M
—
$22M
2017
$2.0B
$72M
20.4%
7.1%
-$62M
—
$152M
2016
$1.7B
$57M
0.0%
6.4%
$21M
—
$34M
2015
$1.4B
$52M
0.0%
7.9%
-$86M
—
—
2014
$1.2B
$51M
0.0%
6.8%
-$135M
—
—
2013
$1.0B
$151M
0.0%
5.7%
-$76M
—
—
2012
$762M
$13M
0.0%
3.8%
-$48M
—
—
2011
$566M
-$34M
0.0%
-3.3%
-$35M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$921M
$68M
22.0%
9.3%
$136M
—
$767M
Dec '25
$1.1B
$64M
17.4%
6.5%
-$13M
—
$689M
Sep '25
$1.1B
$106M
24.5%
12.0%
$42M
—
$734M
Jun '25
$1.2B
$121M
24.7%
13.4%
$35M
—
$800M
Mar '25
$976M
$111M
25.9%
14.4%
$64M
—
$776M
Dec '24
$1.2B
$133M
24.6%
13.6%
$102M
—
$822M
Sep '24
$1.1B
$145M
27.1%
15.9%
-$69M
—
$720M
Jun '24
$1.1B
$147M
27.9%
16.8%
$22M
—
$837M
Mar '24
$1.0B
$138M
27.1%
16.6%
$115M
—
$870M
Dec '23
$973M
$105M
25.1%
13.4%
$54M
—
$733M
Sep '23
$1.0B
$139M
26.9%
16.5%
$77M
—
$736M
Jun '23
$1.0B
$118M
25.5%
14.9%
$166M
—
$668M
Mar '23
$1.0B
$103M
23.5%
13.5%
$249M
—
$543M
Dec '22
$1.2B
$130M
22.6%
13.5%
$193M
—
$312M
Sep '22
$1.0B
$132M
26.8%
16.5%
-$94M
—
$68M
Jun '22
$1.0B
$137M
27.3%
17.6%
$8M
—
$189M
Mar '22
$861M
$92M
24.8%
14.3%
$68M
—
$219M
Dec '21
$1.1B
$113M
23.2%
13.3%
-$5M
—
$236M
Sep '21
$904M
$91M
24.5%
13.8%
-$210M
—
$221M
Jun '21
$961M
$108M
25.1%
14.7%
$98M
—
$372M
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.
The price-to-earnings ratio has risen from 3.3× (Mar '23) to 10.1× (Jun '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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?
As of Jun '26, M/I Homes, Inc. traded at a price-to-earnings ratio of about 10.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.