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M/I Homes MHO Operating Segments — Operating Income

Other geography segments

Southern Homebuilding
$45.89M-42.9%
Northern Homebuilding
$42.92M-29.2%
Financial Service
$16.72M-10.9%

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PRVASingle Operating Segment — Operating Income (Loss)
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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$3.8B+1.9%

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×

Where this comes from

Reported directly by M/I Homes in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating segments — operating income?
M/I Homes (MHO) reported operating segments — operating income of $105.54M in Q1 2026.
How has M/I Homes's operating segments — operating income changed year-over-year?
M/I Homes's operating segments — operating income decreased by 34.0% year-over-year, from $159.79M to $105.54M.
What is the long-term trend for M/I Homes's operating segments — operating income?
Over 3 years (2022 to 2025), M/I Homes's operating segments — operating income has grown at a -5.8% compound annual growth rate (CAGR), from $713.76M to $596.19M.
What does operating segments — operating income mean?
This measures the profitability of a specific business segment after deducting operating expenses from gross profit. It serves as a primary indicator of the segment's operational performance and its ability to generate earnings from core homebuilding activities. Investors use this to compare the relative profitability of different geographic markets.