M/I Homes (MHO) AI Stock Analysis

• Market Cap: $3.48B
• Dividend Yield: N/A
• Average Volume (3M): 272.51K
• Price to Earnings (P/E): 7.8
• Beta (1Y): 1.06
• Revenue Growth: 4.82%
• EPS Growth: -9.30%
• Country: US
• Employees: 1,760
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 3.92
• Shares Outstanding: 26,390,709
• 10 Day Avg. Volume: 273,687
• 30 Day Avg. Volume: 272,511
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 3.66
• Enterprise Value/Ebitda: 6.21
• 1Y Price Target: $170.00
• Price Target Upside: 28.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 73 Outperform
• Price Target: $147.00 ▲(11.20% Upside)

M/I Homes' overall stock score reflects strong financial performance and an attractive valuation, tempered by technical indicators suggesting bearish momentum. The earnings call highlighted resilience in a challenging market, but declining sales and revenue pose concerns. The absence of a dividend yield may deter income-focused investors.

M/I Homes Business Overview & Revenue Model

Company Description

M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.

How the Company Makes Money

M/I Homes generates revenue primarily through the sale of newly constructed homes. Its revenue model is based on building and selling homes in various communities, with homes typically sold at a markup over construction costs. Key revenue streams include home sales, where the company earns margins on the homes sold, and additional income from options and upgrades that buyers select during the home buying process. The company also benefits from strategic partnerships with suppliers and subcontractors, which help manage costs and ensure quality. Additionally, M/I Homes may recognize revenue from the sale of land and lots, which further contributes to its overall earnings. The timing of home sales, housing market conditions, and interest rates also significantly impact the company's financial performance.

M/I Homes Financial Statement Overview

Summary

M/I Homes demonstrates strong financial performance with stable profitability, effective leverage management, and healthy cash flow generation. Despite a slight slowdown in revenue growth, the company's strong margins and solid balance sheet provide a robust foundation. Cash flow volatility poses potential risks, but overall, the financial health remains sound.

Income Statement

M/I Homes shows strong profitability with a consistent gross profit margin and net profit margin over recent years. The company has maintained stable revenue growth, with a slight decrease in the latest TTM compared to the previous annual report. The EBIT and EBITDA margins are robust, indicating effective cost management and operational efficiency.

Balance Sheet

The company's balance sheet reflects a solid equity base with a low debt-to-equity ratio, suggesting prudent leverage management. The return on equity remains strong, illustrating the company's effective use of equity to generate profits. The equity ratio is favorable, indicating good financial stability and asset management.

Cash Flow

Operating cash flow relative to net income is healthy, indicating effective conversion of profits into cash. Free cash flow has shown significant growth, particularly in the TTM period. However, fluctuations in operating cash flow and past negative free cash flow years indicate potential volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.49B	4.50B	4.03B	4.13B	3.75B	3.05B
Gross Profit	1.14B	1.20B	1.01B	1.04B	908.91M	676.34M
EBITDA	671.74M	749.06M	601.72M	652.06M	532.63M	334.79M
Net Income	511.40M	563.73M	465.37M	490.66M	396.87M	239.87M
Balance Sheet
Total Assets	4.74B	4.55B	4.02B	3.71B	3.24B	2.64B
Cash, Cash Equivalents and Short-Term Investments	800.40M	821.57M	732.80M	311.54M	236.37M	260.81M
Total Debt	1.03B	1.04B	917.15M	999.52M	1.01B	924.35M
Total Liabilities	1.66B	1.61B	1.51B	1.64B	1.62B	1.38B
Stockholders Equity	3.08B	2.94B	2.52B	2.07B	1.62B	1.26B
Cash Flow
Free Cash Flow	136.45M	171.32M	546.36M	174.74M	-42.12M	156.66M
Operating Cash Flow	139.09M	179.74M	552.13M	184.07M	-16.82M	168.33M
Investing Cash Flow	-42.60M	-54.90M	-18.63M	-27.38M	-51.72M	-33.87M
Financing Cash Flow	-133.55M	-36.07M	-112.24M	-81.52M	44.10M	120.26M

M/I Homes Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 132.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MHO, the sentiment is Negative. The current price of 132.2 is below the 20-day moving average (MA) of 138.57, below the 50-day MA of 144.18, and above the 200-day MA of 123.49, indicating a neutral trend. The MACD of -2.74 indicates Positive momentum. The RSI at 39.24 is Neutral, neither overbought nor oversold. The STOCH value of 53.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MHO.

M/I Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRBK	75 Outperform	$2.95B	8.75	22.12%	―	13.87%	6.54%
KBH	74 Outperform	$4.05B	8.84	13.04%	1.59%	-0.95%	-9.22%
MHO	73 Outperform	$3.48B	7.76	15.76%	―	4.82%	-9.30%
TPH	73 Outperform	$2.87B	9.90	9.47%	―	-3.59%	-10.82%
MTH	71 Outperform	$5.03B	8.17	12.58%	2.32%	-3.72%	-23.00%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LGIH	61 Neutral	$1.06B	6.93	7.84%	―	-7.89%	-19.53%

M/I Homes Corporate Events

M/I Homes Reports Mixed Q3 2025 Results

M/I Homes, Inc. is a prominent homebuilder specializing in single-family homes across various U.S. regions, including Ohio, Texas, and Florida, known for its diverse product offerings and strategic community locations.

M/I Homes Earnings Call: Mixed Results Amid Market Challenges

The recent earnings call for M/I Homes Inc. revealed a mixed sentiment, highlighting both significant achievements and notable challenges. The company demonstrated resilience in a tough market environment, showcasing strong performance in mortgage operations and maintaining a robust balance sheet. However, the decline in revenue and sales volume presented a challenge that cannot be overlooked.

M/I Homes Expands Credit Facility to $900 Million

On September 18, 2025, M/I Homes, Inc. amended its unsecured revolving credit facility, increasing lender commitments to $900 million and extending the maturity to 2030. The amendment also introduced an accordion feature allowing potential expansion to $1.05 billion, reduced the SOFR margin, and adjusted commitment fees based on leverage ratios, enhancing financial flexibility for the company.

The most recent analyst rating on (MHO) stock is a Buy with a $163.00 price target. To see the full list of analyst forecasts on M/I Homes stock, see the MHO Stock Forecast page.

M/I Homes Inc. Reports Mixed Earnings Call Performance

The recent earnings call for M/I Homes Inc. presented a mixed sentiment, reflecting both achievements and challenges faced by the company. While M/I Homes reported record revenue and an increase in homes delivered, the company also encountered difficulties with declining new contracts, pretax income, and earnings per share. These challenges were primarily attributed to higher interest rates and regional market variability. Despite these hurdles, the company’s strong financial position and growth in mortgage and title operations offer a positive outlook for the future.

M/I Homes Reports Record Revenue Amid Market Challenges

M/I Homes, Inc. is a leading homebuilder in the United States, specializing in single-family homes across various regions including Ohio, Florida, Texas, and North Carolina. The company operates in the homebuilding industry, known for its extensive community presence and strategic land investments.