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M/I Homes MHO Southern Homebuilding — Inventory

Other geography segments

Northern Homebuilding
$1.12B+7.6%
Corporate and Other
$0
Financial Service
$0

Similar metrics at other companies

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TOLMountain — Inventory
$2.75B-2.0%
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TOLNorth — Inventory
$1.39B+12.5%
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TOLPacific — Inventory
$2.33B+14.6%
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TOLSouth — Inventory
$2.54B+13.9%
Duke Energy logo
DUKInventory
$4.43B+1.0%
Bruker logo
BRKRInventory
$11.6M+41.5%

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 mho:InventorySegments.

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)March 31, 2026 / NorthernMarch 31, 2026 / SouthernMarch 31, 2026 / Financial ServicesMarch 31, 2026 / Segment TotalCorporate and UnallocatedTotal
Deposits on real estate under option or contract$23,760$60,183$83,943$83,943
Inventory (a)1,119,1552,196,0033,315,1583,315,158
Investments in joint venture arrangements68,35768,35768,357
Other assets45,880145,451369,719561,050759,8781,320,928
Total assets$1,188,795$2,469,994$369,719$4,028,508$759,878$4,788,386

Item 6. Exhibits [42](#i5b32b39a8529406f9be4b5921b543fe1_184)

FAQ

What is M/I Homes's southern homebuilding — inventory?
M/I Homes (MHO) reported southern homebuilding — inventory of $2.2B in Q1 2026.
How has M/I Homes's southern homebuilding — inventory changed year-over-year?
M/I Homes's southern homebuilding — inventory increased by 5.0% year-over-year, from $2.09B to $2.2B.
What is the long-term trend for M/I Homes's southern homebuilding — inventory?
Over 4 years (2021 to 2025), M/I Homes's southern homebuilding — inventory has grown at a 14.3% compound annual growth rate (CAGR), from $5B to $8.52B.
What does southern homebuilding — inventory mean?
The total value of land held for development, homes under construction, and completed unsold homes within the Southern segment. It serves as a key indicator of supply levels and the potential for future revenue realization.

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