M/i Homes, Inc. balance sheet
At the end of fiscal 2025, M/i Homes, Inc. had total assets of $4.78bn, total liabilities of $1.61bn and shareholders' equity of $3.17bn. It held $689m in cash against $0 of debt: net cash of $689m.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 110 | 81 | 60 | 145 | 143 | 22 | 13 | 34 | 152 | 22 | 6 | 261 | 236 | 312 | 733 | 822 | 689 | 621 |
| Goodwill | — | — | — | — | — | — | — | — | 0 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Total assets | — | 662 | 664 | 831 | 1,110 | 1,205 | 1,416 | 1,549 | 1,865 | 2,022 | 2,106 | 2,643 | 3,240 | 3,715 | 4,022 | 4,550 | 4,777 | 4,860 |
| Total debt | 0 | 0 | 0 | 5 | 5 | 4 | 4 | 3 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | — | 358 | 391 | 496 | 617 | 661 | 819 | 894 | 1,117 | 1,166 | 1,102 | 1,384 | 1,616 | 1,644 | 1,506 | 1,610 | 1,611 | 1,608 |
| Shareholders' equity | 327 | 303 | 273 | 335 | 493 | 544 | 597 | 654 | 747 | 855 | 1,003 | 1,259 | 1,624 | 2,071 | 2,517 | 2,940 | 3,166 | 3,253 |
| Net debt (negative = net cash) | −110 | −81 | −60 | −140 | −138 | −18 | −9 | −31 | −152 | −22 | −6 | −261 | −236 | −312 | −733 | −822 | −689 | −621 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Total assets | 4,550 | 4,585 | 4,740 | 4,770 | 4,777 | 4,788 | 4,856 | 4,860 |
| Total liabilities | 1,610 | 1,579 | 1,658 | 1,620 | 1,611 | 1,596 | 1,629 | 1,608 |
| Shareholders' equity | 2,940 | 3,006 | 3,082 | 3,149 | 3,166 | 3,192 | 3,227 | 3,253 |
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