What is M/I Homes's impairment of real estate?

M/I Homes (MHO) reported impairment of real estate of $11.92M in Q4 2025.

What does impairment of real estate mean?

This reflects non-cash charges recognized when the carrying value of real estate assets or inventory exceeds their estimated fair value. It serves as a critical indicator of potential overvaluation in the land portfolio or adverse shifts in regional housing market demand. High levels of impairment suggest poor capital allocation or deteriorating market conditions for the company's land holdings.

M/I Homes MHO Impairment Of Real Estate

Impairment Of Real Estate at other companies

Meritage HomesMTH

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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 / equity0×0.0×

Where this comes from

Reported directly by M/I Homes in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.

The official record: M/I Homes’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is M/I Homes's impairment of real estate?: M/I Homes (MHO) reported impairment of real estate of $11.92M in Q4 2025.
What does impairment of real estate mean?: This reflects non-cash charges recognized when the carrying value of real estate assets or inventory exceeds their estimated fair value. It serves as a critical indicator of potential overvaluation in the land portfolio or adverse shifts in regional housing market demand. High levels of impairment suggest poor capital allocation or deteriorating market conditions for the company's land holdings.