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M/I Homes MHO Northern Homebuilding — Land and housing

Other geography segments

Southern Homebuilding
$414.67M+2.7%
Financial Service
$0—

Similar metrics at other companies

Lennar logo
LENHomebuilding — Inventory, Real Estate, Land and Land Development Costs
$928.52M-12.6%
Lennar logo
LENHomebuilding — Inventory, Real Estate, Homebuilding Deposits and Pre-Acquisition Costs
$94.1M+39.0%
KB Home logo
KBHHomebuilding — Inventory, Operative Builders
$5.7B-4.0%
NVR logo
NVRNorth East — Cost of Product and Service Sold
$186.6M-12.2%
Lennar logo
LENHomebuilding — Consolidated inventory not owned
$1.65B-52.3%
Pultegroup logo
PHMHomebuilding — Land-related charges
$6.99M-58.0%

Other financials

Income statement

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Revenue$920.7M-5.7%
Gross profit$202.6M-19.9%
Net income$67.8M-39.0%
EPS (diluted)$2.55-35.9%

Balance sheet

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Cash & equivalents$767.4M-1.2%
Total debt$54.9M-6.9%
Total equity$3.2B+6.2%
Total assets$4.8B+4.4%

Cash flow

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Operating cash flow$135.7M+109%
CapEx$154.0K-88.5%
Free cash flow$135.6M+113%

Valuation

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Market cap$3.82B+1.9%
Enterprise value$3.1B+2.7%
P/E10.6×+3.6×
P/S0.9×0.0×

Profitability

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Gross margin22.2%-4.2pp
Net margin8.2%-3.9pp
FCF margin5.4%—

Returns & leverage

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Return on equity11.6%-7.4pp
Debt / equity0×0.0×

Where this comes from

Reported directly by M/I Homes in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: M/I Homes’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is M/I Homes's northern homebuilding — land and housing?
M/I Homes (MHO) reported northern homebuilding — land and housing of $303.45M in Q1 2026.
How has M/I Homes's northern homebuilding — land and housing changed year-over-year?
M/I Homes's northern homebuilding — land and housing decreased by 5.0% year-over-year, from $319.46M to $303.45M.
What is the long-term trend for M/I Homes's northern homebuilding — land and housing?
Over 2 years (2022 to 2024), M/I Homes's northern homebuilding — land and housing has grown at a 3.6% compound annual growth rate (CAGR), from $1.38B to $1.48B.
What does northern homebuilding — land and housing mean?
Reflects the direct costs associated with land acquisition, development, and the physical construction of residential units in the Northern region. It serves as a primary indicator of the capital intensity and production volume required to support regional homebuilding operations.