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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
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
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.1B
$67M
20.9%
7.7%
2.0%
1.4%
-$17M
—
$621M
Jun '26
$1.1B
$79M
22.1%
9.5%
2.4%
1.6%
$31M
—
$736M
Mar '26
$921M
$68M
22.0%
9.3%
2.1%
1.4%
$136M
—
$767M
Dec '25
$1.1B
$64M
17.4%
6.5%
2.0%
1.3%
-$13M
—
$689M
Sep '25
$1.1B
$106M
23.9%
12.0%
3.4%
2.2%
$42M
—
$734M
Jun '25
$1.2B
$121M
24.7%
13.4%
3.9%
2.6%
$35M
—
$800M
Mar '25
$976M
$111M
25.9%
14.4%
3.7%
2.4%
$64M
—
$776M
Dec '24
$1.2B
$133M
24.6%
13.6%
4.5%
2.9%
$102M
—
$822M
Sep '24
$1.1B
$145M
27.1%
15.9%
5.1%
3.3%
-$69M
—
$720M
Jun '24
$1.1B
$147M
27.9%
16.8%
5.4%
3.4%
$22M
—
$837M
Mar '24
$1.0B
$138M
27.1%
16.6%
5.2%
3.3%
$115M
—
$870M
Dec '23
$973M
$105M
25.1%
13.4%
4.2%
2.6%
$54M
—
$733M
Sep '23
$1.0B
$139M
26.9%
16.5%
5.7%
3.5%
$77M
—
$736M
Jun '23
$1.0B
$118M
25.5%
14.9%
5.1%
3.1%
$166M
—
$668M
Mar '23
$1.0B
$103M
23.5%
13.5%
4.7%
2.7%
$249M
—
$543M
Dec '22
$1.2B
$130M
22.6%
13.5%
6.3%
3.5%
$193M
—
$312M
Sep '22
$1.0B
$132M
26.8%
16.5%
6.8%
3.7%
-$94M
—
$68M
Jun '22
$1.0B
$137M
27.3%
17.6%
7.5%
3.9%
$8M
—
$189M
Mar '22
$861M
$92M
24.8%
14.3%
5.4%
2.8%
$68M
—
$219M
Dec '21
$1.1B
$113M
23.2%
13.3%
7.0%
3.5%
-$5M
—
$236M
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 3.2× (Mar '23) to 8.3× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.8× (Nov '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?
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.