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M/I Homes MHO Acquisitions

Acquisitions at other companies

D.R. Horton logo
D.R. HortonDHI
-$175.8M
Lennar logo
LennarLEN
$0-100%
Hovnanian Enterprises, Inc. logo
Hovnanian Enterprises, Inc.HOV
-$31.52M
Dream Finders Homes logo
Dream Finders HomesDFH
$0-100%
Cavco Industries logo
Cavco IndustriesCVCO
$1.34M
Skyline Champion logo
Skyline ChampionSKY
$2M-91.9%

Other financials

Income statement

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Revenue$1.1B-8.5%
Gross profit$235.5M-17.8%
Net income$79.1M-34.8%
EPS (diluted)$0.12-97.3%

Balance sheet

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Cash & equivalents$735.9M-8.1%
Total debt$949.3M+1,537%
Total equity$3.2B+4.7%
Total assets$4.9B+2.4%

Cash flow

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Operating cash flow$36.8M-2.5%
CapEx$154.0K-88.5%
Free cash flow$135.6M+113%

Valuation

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Market cap$3.71B+8.6%
Enterprise value$3.03B+46.8%
P/E11.7×+5.0×
P/S0.9×+0.1×

Profitability

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Gross margin21.5%-4.0pp
Net margin7.4%-4.0pp
FCF margin5.4%

Returns & leverage

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Return on equity10.1%-7.5pp
Debt / equity0.3×+0.3×

Where this comes from

Reported directly by M/I Homes in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates.

The source filing: M/I Homes’s 10-Q, filed April 24, 2026.

Filed
Apr 24, 2026, 11:12 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000799292-26-000017
(Dollars in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Net cash provided by operating activities135,73164,887
INVESTING ACTIVITIES:
Purchase of property and equipment(154)(1,339)
Investment in joint venture arrangements(3,803)(8,279)
Proceeds from sale of mortgage servicing rights9,0756,690
Net cash provided by (used in) investing activities5,118(2,928)
FINANCING ACTIVITIES:
Net proceeds from (repayments of) bank borrowings - financial services operations(16,655)(58,202)

Item 6. Exhibits [42](#i5b32b39a8529406f9be4b5921b543fe1_184)

FAQ

What is M/I Homes's acquisitions?
M/I Homes (MHO) reported acquisitions of $3.8M in Q1 2026.
How has M/I Homes's acquisitions changed year-over-year?
M/I Homes's acquisitions decreased by 54.1% year-over-year, from $8.28M to $3.8M.
What is the long-term trend for M/I Homes's acquisitions?
Over 4 years (2021 to 2025), M/I Homes's acquisitions has grown at a 3.5% compound annual growth rate (CAGR), from $51.62M to $59.2M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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