M/I Homes, Inc.
Description
M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, the company originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.
About
CEO
Mr. Robert H. Schottenstein J.D.
Employees
1,607
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Residential Construction
MIC code
XNYS
Address
4131 Worth Avenue, Columbus, OH 43219-6011, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 27, 2026 | — | — | — | — |
| Oct 28, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Jan 29, 2025 | 4.83 | 4.71 | -0.12 | -2.48% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 2 | 3 | 2 |
| Average estimate | 4.16 | 4.39 | 18.44 | 20.40 |
| Low estimate | 3.98 | 4.10 | 17.45 | 19.75 |
| High estimate | 4.34 | 4.68 | 19.42 | 21.05 |
| Last year EPS | 4.78 | 5.12 | 19.71 | 18.44 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-12.970%
Next qtr. (Jun 2025)
-14.260%
Current year (Dec 2025)
-6.460%
Next year (Dec 2026)
10.650%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.03B | 4.13B | 3.75B | 3.05B | 2.50B |
| Cost of revenue | 3.01B | 3.09B | 2.84B | 2.36B | 2.01B |
| Gross profit | 1.02B | 1.04B | 908.92M | 684.78M | 494.43M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 431.71M | 406.39M | 390.62M | 357.08M | 302.34M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 587.22M | 637.45M | 518.30M | 327.70M | 192.09M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | 2.25M | 2.16M | 9.68M | 21.38M |
| Other income expense | 33,000 | 6,000 | -7.03M | -7.97M | -4.69M |
| Pretax income | 607.28M | 635.21M | 509.11M | 310.04M | 166.03M |
| Tax provision | 141.91M | 144.55M | 112.25M | 70.17M | 38.44M |
| Net income | 465.37M | 490.66M | 396.87M | 239.87M | 127.59M |
| Basic EPS | 16.76 | 17.60 | 13.64 | 8.38 | 4.58 |
| Diluted EPS | 16.21 | 17.24 | 13.28 | 8.23 | 4.48 |
| Basic average shares | 27.77M | 27.88M | 29.09M | 28.61M | 27.85M |
| Diluted average shares | 27.77M | 27.88M | 29.09M | 28.61M | 27.85M |
| EBITDA | 601.72M | 652.06M | 541.70M | 343.23M | 205.64M |
| Net income from continuing op. | 465.37M | 490.66M | 396.87M | 239.87M | 127.59M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 4.02B | 3.71B | 3.24B | 2.64B | 2.11B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 732.80M | 311.54M | 236.37M | 260.81M | 6.08M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | 2.75B | 2.77B | 2.40B | 1.87B | 1.74B |
| Prepaid assets | 51.61M | 55.74M | 52.92M | 45.36M | 28.53M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | 176.33M | 242.54M | 275.66M | 234.29M | 155.24M |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 56.36M | 60.42M | 50.95M | 52.29M | 18.42M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 60.38M | 59.22M | 58.72M | 47.61M | 38.27M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -25.46M | -21.78M | -21.07M | -21.00M | -16.15M |
| Goodwill | 43.46M | 48.61M | 41.16M | 42.04M | 42.41M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 10.66M | 15.81M | 8.36M | 9.24M | 9.61M |
| Investments and advances | 44.01M | 51.55M | 57.12M | 34.67M | 37.89M |
| Other non current assets | 126.20M | 126.62M | 81.14M | 66.11M | 50.80M |
| Total liabilities | 1.51B | 1.64B | 1.62B | 1.38B | 1.10B |
| Current liabilities | |||||
| Accounts payable | 204.68M | 228.60M | 244.51M | 185.67M | 125.03M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | 85.13M | 93.12M | 107.86M | 72.64M | 34.46M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 917.15M | 999.52M | 1.01B | 924.35M | 773.23M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 99.34M | 110.69M | 77.59M | 63.77M | 59.16M |
| Shareholders equity | |||||
| Common stock | 301,000 | 301,000 | 301,000 | 301,000 | 301,000 |
| Retained earnings | 2.30B | 1.84B | 1.35B | 948.45M | 708.58M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 2.52B | 2.07B | 1.62B | 1.26B | 1.00B |
| Additional paid in capital | 349.91M | 352.64M | 347.45M | 339.00M | 332.86M |
| Treasury stock | 134.62M | 118.20M | 68.89M | 29.06M | 38.26M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | 465.37M | 490.66M | 396.87M | 239.87M | 127.59M | 107.66M | 72.08M | 56.61M | 51.76M | 50.79M | 151.42M | 13.35M | -33.88M | -26.27M | -62.11M | -245.45M | -128.13M | 38.88M | 100.79M | 91.53M | 81.73M | 66.61M | 55.28M | 44.44M | 41.60M | 27.70M | 17.40M | 14.10M | 9.90M | 11.60M | 16.10M |
| Depreciation | 14.49M | 14.61M | 14.33M | 15.06M | 13.24M | 11.74M | 10.70M | 10.20M | 7.62M | 5.95M | 4.97M | 7.16M | 5.11M | 7.76M | 7.87M | 7.75M | 7.99M | 6.73M | 4.50M | 2.45M | 2.38M | 2.24M | 2.01M | 2.12M | 2.20M | 1.80M | 1.60M | 1.40M | 1.80M | 1.60M | 1.60M |
| Deferred Taxes | 2.71M | -7.77M | -4.07M | 3.45M | 3.85M | 4.96M | 12.44M | 31.31M | 32.53M | 16.50M | -110.91M | — | — | — | — | 82.08M | -81.81M | -28.22M | 557,000 | 2.49M | 6.86M | -5.04M | -4.31M | -2.94M | 600,000 | 300,000 | -2.20M | -2.10M | -1.80M | -500,000 | -800,000 |
| Stock-Based Compensation | 11.37M | 8.79M | 8.56M | 7.14M | 5.85M | 5.97M | 6.04M | 5.32M | 3.94M | 3.22M | 2.34M | 1.73M | 1.87M | 2.81M | 3.11M | 2.98M | 3.17M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 62.90M | 26.81M | -54.99M | -82.58M | 12.44M | 170,000 | -19.09M | -29.19M | -38.75M | -11.87M | -7.35M | -12.48M | -11.50M | -8.33M | 2.79M | 132.92M | 197.90M | 90.90M | — | — | — | — | — | -802,000 | -400,000 | -700,000 | -300,000 | -1.60M | -200,000 | -400,000 | -100,000 |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -53.67M | — | — | — | — | -1.15M | -5.05M | -9.97M | 2.40M | 1.50M | -9.40M | -10.80M | -6.30M | 3.90M | -11.50M |
| Accounts Payable | -23.92M | -15.91M | 58.84M | 60.64M | -6.49M | 3.75M | 14.02M | 16.33M | 9.83M | 5.11M | 22.54M | 5.36M | 11.50M | -9.23M | 10.72M | -42.88M | -10.78M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 6.93M | -360.53M | -442.95M | -93.56M | -99.03M | -144.61M | -158.20M | -64.60M | -157.18M | -206.49M | -153.97M | -72.29M | -29.91M | -25.63M | 44.87M | 168.31M | 205.33M | -219.97M | -222.55M | -173.62M | -134.65M | 49.45M | 9.55M | 15.34M | -85.90M | -31.60M | -12.50M | 7.90M | 13.50M | -42.70M | -23.40M |
| Operating Cash Flow | 539.85M | 156.66M | -23.41M | 150.03M | 57.44M | -10.35M | -62.01M | 25.99M | -90.25M | -136.80M | -90.95M | -57.17M | -56.81M | -58.90M | 7.26M | 105.71M | 140.01M | -111.68M | -116.71M | -77.15M | -43.68M | 112.12M | 57.47M | 48.19M | -39.50M | -1.00M | -5.40M | 8.90M | 16.90M | -26.50M | -18.10M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -5.77M | -9.33M | -16.73M | -11.68M | 1.78M | -8.14M | -8.80M | -13.11M | -3.66M | -2.95M | -2.38M | -933,000 | -1.35M | -1.56M | 3.87M | 5.51M | -4.46M | -4.81M | -3.85M | -1.68M | -15.74M | -811,000 | -6.11M | -910,000 | -1.50M | -1.20M | -8.50M | -600,000 | -700,000 | -1.80M | -400,000 |
| Net Intangibles | 10.70M | 200,000 | 15.42M | 3.87M | — | 6.34M | 8.21M | — | 3.07M | 2.14M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -23.56M | -20.14M | -51.62M | -28.54M | -30.19M | -132.83M | -12.09M | -21.75M | -42.11M | -20.42M | -29.51M | -6.52M | -5.41M | -1.22M | -4.19M | -4.77M | -9.40M | — | -23.19M | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | -19.59M | — | — | -9.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | 676,000 | 3.52M | 3.21M | 1.23M | 1.52M | 1.52M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -29.33M | -27.58M | -67.14M | -37.74M | -27.59M | -139.62M | -13.85M | -28.44M | -43.32M | -20.32M | -34.03M | 25.32M | -9.32M | -41.95M | -19.48M | 742,000 | -23.26M | -21.76M | -64.12M | -20.60M | -25.73M | -13.24M | -19.31M | -23.18M | -22.30M | -23.10M | -23.10M | -12.50M | -9.60M | -10.80M | -10.50M |
| Financing Activities | |||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | 362.00M | 341.00M | 795.53M | 696.50M | 600.66M | 667.76M | 380.75M | 755.57M | 199.68M | 98.32M | 102.55M | 20.41M | 205.23M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -79.90M | -386.97M | -250.00M | -674.56M | -764.27M | -568.87M | -438.60M | -357.03M | -631.45M | -162.60M | -3.32M | -36.14M | -52,000 | -166.41M | -21.81M | -112.65M | -286.84M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -791,000 | -2.58M | -6.62M | -8.71M | -203,000 | -248,000 | -6.71M | -240,000 | -5.82M | -2.08M | -5.50M | -5.88M | 13,000 | -7.89M | -2.42M | -97,000 | 72,000 | -1.49M | -4.23M | -1.92M | — | — | — | — | 1.70M | 4.50M | -200,000 | 1.70M | -700,000 | 800,000 | 800,000 |
| Financing Cash Flow | -146.03M | -82.88M | 32.86M | 110.36M | -73.13M | 5.84M | 168.38M | 18.61M | 113.43M | 30.12M | 90.12M | 102.62M | 20.37M | 30.93M | 28.34M | -118.68M | -199.16M | -20.16M | -2.79M | -11.96M | -21.44M | -9.52M | -5.14M | -16.84M | -7.30M | 27.90M | -14.50M | 1.70M | -700,000 | -300,000 | 26.70M |
| Other Cash Details | |||||||||||||||||||||||||||||||
| End Cash Position | 732.80M | 311.54M | 236.37M | 260.81M | 6.08M | 21.53M | 151.70M | 34.44M | 13.10M | 22.49M | 128.73M | 145.50M | 59.79M | 81.21M | 109.93M | 32.52M | 1.51M | 11.52M | 25.09M | 2.35M | 2.54M | 953,000 | 9.99M | 8.56M | 5.70M | 10.10M | 10.80M | — | — | — | — |
| Income Tax Paid | 150.67M | 155.05M | 109.88M | 63.67M | 36.99M | 25.28M | 36.80M | 2.27M | 2.31M | 2.39M | 765,000 | -281,000 | -372,000 | 302,000 | 201,000 | 525,000 | 10.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 1.48M | 1.89M | 1.96M | 7.81M | 18.96M | 17.79M | 10.17M | 6.60M | 15.17M | 9.73M | 11.83M | -13.08M | 12.76M | 6.77M | 5.54M | 3.46M | 16.27M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 546.36M | 174.74M | -42.12M | 156.66M | 61.11M | -10.73M | -61.98M | 21.09M | -86.02M | -135.45M | -76.36M | -47.93M | -35.31M | -38.86M | 64.47M | 144.93M | 197.75M | -108.82M | -96.48M | -79.37M | -54.52M | 115.68M | 39.69M | 51.59M | -29.10M | 8.20M | -5.10M | 12.90M | 14.60M | -21.90M | -11.80M |
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M/I Homes Earnings: Margin Pressure And Demand Challenges Mar The Outlook (Downgrade)
M/I Homes faces business challenges due to high mortgage rates, pressuring demand and margins forcing the use of rate buydowns as a key strategy. Q4 sequential results showed decelerating sales, increased rate buydowns, and gross margin compression, indicating potential challenges for 2025. The potential for rising land and labor costs, coupled with cautious share repurchase plans, add further pressure on MHO's future performance and investor sentiment.
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M/I Homes, Inc. (MHO) Q4 2024 Earnings Call Transcript
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Jan 29, 2025
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