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M/I Homes MHO Southern Homebuilding — Selling

Other geography segments

Northern Homebuilding
$20.86M-1.5%
Corporate and Other
$701K+43.1%
Financial Service
$0

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$12.3M-5.4%
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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:SellingExpense.

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
Total general and administrative expense$61,186$59,073
Selling expense:
Northern homebuilding$20,864$21,190
Southern homebuilding33,77531,106
Financial services (a)
Segment selling expense$54,639$52,296
Corporate and unallocated selling expense701490
Total selling expense$55,340$52,786

Item 6. Exhibits [42](#i5b32b39a8529406f9be4b5921b543fe1_184)

FAQ

What is M/I Homes's southern homebuilding — selling?
M/I Homes (MHO) reported southern homebuilding — selling of $33.78M in Q1 2026.
How has M/I Homes's southern homebuilding — selling changed year-over-year?
M/I Homes's southern homebuilding — selling increased by 8.6% year-over-year, from $31.11M to $33.78M.
What is the long-term trend for M/I Homes's southern homebuilding — selling?
Over 3 years (2022 to 2025), M/I Homes's southern homebuilding — selling has grown at a 10.9% compound annual growth rate (CAGR), from $109.7M to $149.46M.
What does southern homebuilding — selling mean?
Represents the costs incurred to market and sell residential properties within the Southern segment, including sales commissions, advertising, and model home expenses. This metric provides insight into the cost of customer acquisition and sales force productivity.

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