M/I HOMES, INC.MHOEarnings & Financial Report
M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.
Revenue
$1.1B
Gross Profit
$309.4M
Operating Profit
$182.0M
Net Profit
$145.4M
Gross Margin
27.1%
Operating Margin
15.9%
Net Margin
12.7%
YoY Growth
9.2%
EPS
$5.10
Financial Flow
M/I HOMES, INC. Q3 2024 Financial Summary
M/I HOMES, INC. reported revenue of $1.1B (up 9.2% YoY) for Q3 2024, with a net profit of $145.4M (up 4.6% YoY) (12.7% margin). Cost of goods sold was $833.5M, operating expenses totaled $127.4M.
Key Financial Metrics
| Total Revenue | $1.1B |
|---|---|
| Net Profit | $145.4M |
| Gross Margin | 27.1% |
| Operating Margin | 15.9% |
| Report Period | Q3 2024 |
Revenue Breakdown
M/I HOMES, INC. Q3 2024 revenue of $1.1B breaks down across 4 segments, led by Southern Homebuilding at $614.4M (53.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Southern Homebuilding | $614.4M | 53.8% |
| Northern Homebuilding | $498.5M | 43.6% |
| Financial Service | $30.0M | 2.6% |
| Land | $1.6M | 0.1% |
M/I HOMES, INC. Revenue by Segment — Quarterly Trend
M/I HOMES, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Southern Homebuilding and Northern Homebuilding) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Southern Homebuilding | $615.6M | $609.2M | $642.9M | $534.2M |
| Northern Homebuilding | $503.9M | $487.9M | $488.3M | $410.4M |
| Financial Service | $27.8M | $34.6M | $31.4M | $31.5M |
| Land | $4.7M | $1.7M | $6.7M | $4.5M |
M/I HOMES, INC. Annual Revenue by Year
M/I HOMES, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.4B |
| 2024 | $4.5B |
| 2023 | $4.0B |
| 2022 | $4.1B |
M/I HOMES, INC. Quarterly Revenue & Net Profit History
M/I HOMES, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.1B | -4.8% | $64.0M | 5.6% |
| Q3 2025 | $1.1B | -1.0% | $106.5M | 9.4% |
| Q2 2025 | $1.2B | +4.8% | $121.2M | 10.4% |
| Q1 2025 | $976.1M | -6.7% | $111.2M | 11.4% |
| Q4 2024 | $1.2B | +23.9% | $133.5M | 11.1% |
| Q3 2024 | $1.1B | +9.2% | $145.4M | 12.7% |
| Q2 2024 | $1.1B | +9.4% | $146.7M | 13.2% |
| Q1 2024 | $1.0B | +4.6% | $138.1M | 13.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.11B | $1.14B | $1.21B | $976.1M | $1.16B | $1.13B | $1.15B |
| YoY Growth | 4.6% | 9.4% | 9.2% | 23.9% | -6.7% | 4.8% | -1.0% | -4.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.21B | $4.34B | $4.46B | $4.55B | $4.59B | $4.74B | $4.77B | $4.78B |
| Liabilities | $1.57B | $1.60B | $1.61B | $1.61B | $1.58B | $1.66B | $1.62B | $1.61B |
| Equity | $2.64B | $2.74B | $2.85B | $2.94B | $3.01B | $3.08B | $3.15B | $3.17B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $115.8M | $27.5M | $-67.9M | $104.4M | $64.9M | $37.8M | $43.4M | $-8.7M |