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M/I Homes MHO Financial letters of credit representing deposits on land and lot purchase agreements

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$3.8B+1.9%

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 mho:OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionContracts.

The official record: M/I Homes’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What is M/I Homes's financial letters of credit representing deposits on land and lot purchase agreements?
M/I Homes (MHO) reported financial letters of credit representing deposits on land and lot purchase agreements of $13.1M in Q1 2026.
How has M/I Homes's financial letters of credit representing deposits on land and lot purchase agreements changed year-over-year?
M/I Homes's financial letters of credit representing deposits on land and lot purchase agreements decreased by 7.7% year-over-year, from $14.2M to $13.1M.