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M/I Homes MHO Northern Homebuilding — Revenue

Other geography segments

Southern Homebuilding
$512.57M-4.0%
Financial Service
$31.23M-0.9%

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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:Revenues.

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
Revenue:
Northern homebuilding$376,906$410,377
Southern homebuilding512,570534,196
Financial services (a)31,23131,520
Total revenue$920,707$976,093
Cost of Sales:
Northern homebuilding$303,451$319,459
Southern homebuilding414,665403,851

Item 6. Exhibits [42](#i5b32b39a8529406f9be4b5921b543fe1_184)

FAQ

What is M/I Homes's northern homebuilding — revenue?
M/I Homes (MHO) reported northern homebuilding — revenue of $376.91M in Q1 2026.
How has M/I Homes's northern homebuilding — revenue changed year-over-year?
M/I Homes's northern homebuilding — revenue decreased by 8.2% year-over-year, from $410.38M to $376.91M.
What is the long-term trend for M/I Homes's northern homebuilding — revenue?
Over 4 years (2021 to 2025), M/I Homes's northern homebuilding — revenue has grown at a 4.3% compound annual growth rate (CAGR), from $1.6B to $1.89B.
What does northern homebuilding — revenue mean?
Represents the total gross income generated from residential construction and home sales activities within the Northern geographic region. This metric reflects the scale of market demand and the company's ability to execute on housing projects in this specific territory.

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