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M/I Homes MHO Obligation for consolidated inventory not owned

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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$3.82B+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×

Where this comes from

Reported directly by M/I Homes in its filing.

Tagged under the XBRL concept mho:ObligationForConsolidatedInventoryNotOwned.

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 obligation for consolidated inventory not owned?
M/I Homes (MHO) reported obligation for consolidated inventory not owned of $44.06M in Q1 2026.
How has M/I Homes's obligation for consolidated inventory not owned changed year-over-year?
M/I Homes's obligation for consolidated inventory not owned increased by 159.0% year-over-year, from $17.01M to $44.06M.
What is the long-term trend for M/I Homes's obligation for consolidated inventory not owned?
Over 5 years (2020 to 2025), M/I Homes's obligation for consolidated inventory not owned has grown at a 25.1% compound annual growth rate (CAGR), from $9.91M to $30.33M.
What does obligation for consolidated inventory not owned mean?
This represents the liability associated with land or inventory controlled by the company through options or other agreements that must be consolidated under accounting standards despite not being legally owned. It reflects the company's commitment to future land acquisition and development. This metric is critical for understanding the true scale of land control beyond direct ownership.