M/I Homes Inc. | Mid-cap | Consumer Cyclical
$130.24
-2.01%
| M/I Homes Stock Comparison:
M/I Homes vs D.R. HortonM/I Homes vs LennarM/I Homes vs Installed BuildingM/I Homes vs Taylor Morrison HomeM/I Homes vs Meritage HomesM/I Homes vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 976.1M
Gross Profit 252.8M 25.90%
Operating Income 140.9M 14.44%
Net Income 111.2M 11.40%
EPS (Diluted) $3.98

Balance Sheet Metrics

Total Assets 4.6B
Total Liabilities 1.6B
Shareholders Equity 3.0B
Debt to Equity 0.53

Cash Flow Metrics

Operating Cash Flow 115.5M
Free Cash Flow 63.5M

Revenue & Profitability Trend

M/I Homes Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 4.5B 4.0B 4.1B 3.7B 3.0B
Cost of Goods Sold i 3.3B 3.0B 3.1B 2.8B 2.4B
Gross Profit i 1.2B 1.0B 1.0B 908.9M 684.8M
Gross Margin % i 26.6% 25.3% 25.3% 24.3% 22.5%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 492.8M 431.7M 406.4M 390.6M 357.1M
Other Operating Expenses i - - - - -
Total Operating Expenses i 492.8M 431.7M 406.4M 390.6M 357.1M
Operating Income i 706.1M 587.2M 637.5M 518.3M 327.7M
Operating Margin % i 15.7% 14.6% 15.4% 13.8% 10.8%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i - - 2.2M 2.2M 9.7M
Other Non-Operating Income - 33.0K 6.0K -7.0M -8.0M
Pre-tax Income i 733.6M 607.3M 635.2M 509.1M 310.0M
Income Tax i 169.9M 141.9M 144.5M 112.2M 70.2M
Effective Tax Rate % i 23.2% 23.4% 22.8% 22.0% 22.6%
Net Income i 563.7M 465.4M 490.7M 396.9M 239.9M
Net Margin % i 12.5% 11.5% 11.9% 10.6% 7.9%
Key Metrics
EBITDA i 721.5M 601.7M 652.1M 541.7M 343.2M
EPS (Basic) i $20.29 $16.76 $17.60 $13.64 $8.38
EPS (Diluted) i $19.71 $16.21 $17.24 $13.28 $8.23
Basic Shares Outstanding i 27777000 27769000 27876000 29092000 28610000
Diluted Shares Outstanding i 27777000 27769000 27876000 29092000 28610000

Income Statement Trend

M/I Homes Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 821.6M 732.8M 311.5M 236.4M 260.8M
Short-term Investments i - - - - -
Accounts Receivable i - - - - -
Inventory i 3.0B 2.7B 2.8B 2.4B 1.9B
Other Current Assets - - - - -
Total Current Assets i 4.2B 3.7B 3.4B 3.0B 2.4B
Non-Current Assets
Property, Plant & Equipment i 53.9M 56.4M 60.4M 51.0M 52.3M
Goodwill i 42.7M 43.5M 48.6M 41.2M 42.0M
Intangible Assets i 9.9M 10.7M 15.8M 8.4M 9.2M
Long-term Investments - - - - -
Other Non-Current Assets 138.5M 126.2M 126.6M 81.1M 66.1M
Total Non-Current Assets i 352.8M 316.2M 332.2M 275.4M 231.3M
Total Assets i 4.5B 4.0B 3.7B 3.2B 2.6B
Liabilities
Current Liabilities
Accounts Payable i 198.6M 204.7M 228.6M 244.5M 185.7M
Short-term Debt i - - - - -
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 267.9M 289.8M 321.7M 352.4M 258.3M
Non-Current Liabilities
Long-term Debt i 1.0B 917.2M 999.5M 1.0B 924.4M
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities 83.7M 99.3M 110.7M 77.6M 63.8M
Total Non-Current Liabilities i 1.3B 1.2B 1.3B 1.3B 1.1B
Total Liabilities i 1.6B 1.5B 1.6B 1.6B 1.4B
Equity
Common Stock i 301.0K 301.0K 301.0K 301.0K 301.0K
Retained Earnings i 2.9B 2.3B 1.8B 1.3B 948.5M
Treasury Stock i 274.4M 134.6M 118.2M 68.9M 29.1M
Other Equity - - - - -
Total Shareholders Equity i 2.9B 2.5B 2.1B 1.6B 1.3B
Key Metrics
Total Debt i 1.0B 917.2M 999.5M 1.0B 924.4M
Working Capital i 3.9B 3.4B 3.1B 2.6B 2.2B

Balance Sheet Composition

M/I Homes Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 563.7M 465.4M 490.7M 396.9M 239.9M
Depreciation & Amortization i 15.5M 14.5M 14.6M 14.3M 15.1M
Stock-Based Compensation i 14.6M 11.4M 8.8M 8.6M 7.1M
Working Capital Changes i -316.9M -17.0M -376.4M -384.1M -32.9M
Operating Cash Flow i 163.9M 539.8M 156.7M -23.4M 150.0M
Investing Activities
Capital Expenditures i -8.4M -5.8M -9.3M -16.7M -11.7M
Acquisitions i -54.1M -23.6M -20.1M -51.6M -28.5M
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -62.5M -29.3M -27.6M -67.1M -37.7M
Financing Activities
Share Repurchases i -177.0M -65.3M -55.3M -51.5M -1.9M
Dividends Paid i - - - - -
Debt Issuance i 120.3M 0 362.0M 341.0M 795.5M
Debt Repayment i 0 -79.9M -387.0M -250.0M -674.6M
Financing Cash Flow i -57.4M -146.0M -82.9M 32.9M 110.4M
Free Cash Flow i 171.3M 546.4M 174.7M -42.1M 156.7M
Net Change in Cash i 44.0M 364.5M 46.2M -57.7M 222.6M

Cash Flow Trend

M/I Homes Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 7.48
Forward P/E 6.48
Price to Book 1.16
Price to Sales 0.84
PEG Ratio -0.53

Profitability Ratios

Profit Margin 11.40%
Operating Margin 13.13%
Return on Equity 17.56%
Return on Assets 8.67%

Financial Health

Current Ratio 7.49
Debt to Equity 33.41
Beta 1.70

Per Share Data

EPS (TTM) $18.21
Book Value per Share $117.01
Revenue per Share $164.17

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
mho 3.8B 7.48 1.16 17.56% 11.40% 33.41
D.R. Horton 48.0B 12.97 2.01 16.10% 11.46% 29.94
Lennar 31.5B 12.08 1.38 10.77% 7.72% 24.89
Installed Building 6.6B 26.18 9.61 37.03% 8.45% 147.99
Taylor Morrison Home 6.2B 7.28 1.03 15.63% 10.72% 35.88
Meritage Homes 4.9B 8.23 0.97 12.58% 10.27% 35.75

Financial data is updated regularly. All figures are in the company's reporting currency.