M/i Homes, Inc. income statement
In fiscal 2025, M/i Homes, Inc. reported revenue of $4.42bn, down 1.9% on the year before, operating income of $507m (a 11.5% margin) and net income of $403m, or $14.74 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 570 | 616 | 566 | 762 | 1,037 | 1,215 | 1,418 | 1,691 | 1,962 | 2,286 | 2,500 | 3,046 | 3,746 | 4,131 | 4,034 | 4,505 | 4,418 | 4,207 |
| Cost of revenue | — | — | — | — | — | — | — | — | 1,561 | 1,837 | 2,006 | 2,361 | 2,837 | 3,088 | 3,015 | 3,306 | 3,401 | 3,337 |
| Gross profit | — | — | — | — | — | — | — | — | 401 | 450 | 494 | 685 | 909 | 1,044 | 1,019 | 1,199 | 1,017 | 870 |
| Research and development | — | 2 | 3 | 2 | 4 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| General and administrative | 59 | 54 | 53 | 63 | 79 | 89 | 93 | 112 | 126 | 138 | 148 | 178 | 192 | 215 | 223 | 258 | 263 | 274 |
| Operating income | — | −10 | −19 | 29 | 59 | 83 | 112 | 109 | 139 | 163 | 187 | 319 | 518 | 637 | 587 | 706 | 507 | 345 |
| Interest expense | 8 | 9 | 15 | 16 | 16 | 13 | 18 | 18 | 19 | 20 | 21 | 10 | 2 | 2 | −20 | — | — | — |
| Income tax | −31 | −1 | −0 | −1 | −110 | 19 | 35 | 35 | 48 | 34 | 38 | 70 | 112 | 145 | 142 | 170 | 124 | 84 |
| Net income | −62 | −26 | −34 | 13 | 151 | 51 | 52 | 57 | 72 | 108 | 128 | 240 | 397 | 491 | 465 | 564 | 403 | 277 |
| Diluted EPS | −$3.71 | −$1.42 | −$1.81 | $0.67 | $5.24 | $1.65 | $1.68 | $1.84 | $2.26 | $3.70 | $4.48 | $8.23 | $13.28 | $17.24 | $16.21 | $19.71 | $14.74 | $10.52 |
| Diluted shares (average) | 17m | 19m | 19m | 20m | 29m | 30m | 30m | 30m | 31m | 29m | 28m | 29m | 30m | 28m | 29m | 29m | 27m | 26m |
| EBITDA | — | −4 | −11 | 39 | 67 | 91 | 123 | 122 | 153 | 178 | 203 | 337 | 535 | 655 | 603 | 723 | 525 | 366 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,205 | 976 | 1,163 | 1,132 | 1,147 | 921 | 1,063 | 1,076 |
| Cost of revenue | 908 | 723 | 876 | 862 | 940 | 718 | 828 | 852 |
| Gross profit | 297 | 253 | 287 | 270 | 208 | 203 | 235 | 224 |
| General and administrative | 70 | 59 | 67 | 71 | 66 | 61 | 70 | 77 |
| Operating income | 164 | 141 | 156 | 135 | 75 | 86 | 101 | 83 |
| Income tax | 37 | 35 | 39 | 33 | 17 | 21 | 25 | 20 |
| Net income | 133 | 111 | 121 | 106 | 64 | 68 | 79 | 67 |
| Diluted EPS | $4.72 | $3.98 | $4.42 | $3.92 | $2.42 | $2.55 | $3.02 | $2.56 |
| EBITDA | 171 | 145 | 160 | 139 | 82 | 90 | 106 | 88 |
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