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M/I Homes MHO Land Under Purchase Options Recorded

Land Under Purchase Options Recorded at other companies

LGI Homes logo
LGI HomesLGIH
$16.9M-32.2%
Beazer Homes USA, Inc. logo
Beazer Homes USA, Inc.BZH
$24.82M
Meritage Homes logo
Meritage HomesMTH

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$3.84B+12.4%
Enterprise value$3.16B+51.5%
P/E12.1×+5.4×
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:LandUnderPurchaseOptionsRecorded.

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, 2026December 31, 2025
Single-family lots, land and land development costs$1,866,252$1,881,158
Land held for sale31,96113,599
Homes under construction1,267,2021,282,608
Model homes and furnishings - at cost (less accumulated depreciation: March 31, 2026 - $14,381; December 31, 2025 - $14,073)92,80491,492
Community development district infrastructure12,88410,209
Land purchase deposits83,94374,545
Consolidated inventory not owned44,05530,330
Total inventory$3,399,101$3,383,941

Item 6. Exhibits [42](#i5b32b39a8529406f9be4b5921b543fe1_184)

FAQ

What is M/I Homes's land under purchase options recorded?
M/I Homes (MHO) reported land under purchase options recorded of $44.06M in Q1 2026.
How has M/I Homes's land under purchase options recorded changed year-over-year?
M/I Homes's land under purchase options recorded increased by 159.0% year-over-year, from $17.01M to $44.06M.
What is the long-term trend for M/I Homes's land under purchase options recorded?
Over 5 years (2020 to 2025), M/I Homes's land under purchase options recorded has grown at a 25.1% compound annual growth rate (CAGR), from $9.91M to $30.33M.

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