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M/I Homes MHO Financial Service — Operating Income

Other geography segments

Southern Homebuilding
$45.89M-42.9%
Northern Homebuilding
$42.92M-29.2%

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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:OperatingIncomeLoss.

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
(In thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating income:
Northern homebuilding$42,923$60,592
Southern homebuilding45,89180,431
Financial services (a)16,72418,767
Segment operating income$105,538$159,790
Corporate selling, general and administrative expense(19,473)(18,866)
Total operating income$86,065$140,924
Interest (income) expense - net:

Item 6. Exhibits [42](#i5b32b39a8529406f9be4b5921b543fe1_184)

FAQ

What is M/I Homes's financial service — operating income?
M/I Homes (MHO) reported financial service — operating income of $16.72M in Q1 2026.
How has M/I Homes's financial service — operating income changed year-over-year?
M/I Homes's financial service — operating income decreased by 10.9% year-over-year, from $18.77M to $16.72M.
What is the long-term trend for M/I Homes's financial service — operating income?
Over 4 years (2021 to 2025), M/I Homes's financial service — operating income has grown at a 2.3% compound annual growth rate (CAGR), from $62.29M to $68.16M.
What does financial service — operating income mean?
This measures the profitability of the financial services segment after accounting for operating expenses but before interest and taxes. It is the primary indicator of the segment's core business performance and its contribution to the overall company's bottom line. Investors use this to assess the segment's ability to generate sustainable margins from its lending and title activities.

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