M/I Homes Q4 Revenue at $1.1B, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy MHO?
Reports Q4 revenue $1.1B, consensus $1.11B. Reports Q4 new contracts increased 9% to 1,921. Robert H. Schottenstein, CEO and President, commented, "2025 was a very solid year for M/I Homes. Despite the various macro-economic factors impacting new home demand, we were pleased to deliver 8,921 homes for the year, produce $527M of pretax income, generate a 12% pretax income return, as well as a 13% return on equity. We ended the year in excellent financial condition with record shareholders' equity of $3.2B, cash of $689M, zero borrowings under our $900M credit facility, a homebuilding debt to capital ratio of 18% and a net debt to capital ratio of zero."
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Analyst Views on MHO
Wall Street analysts forecast MHO stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 133.060
Low
155.00
Averages
168.33
High
185.00
Current: 133.060
Low
155.00
Averages
168.33
High
185.00
About MHO
M/I Homes, Inc. is a homebuilder of single-family homes. The Company's operations include homebuilding and financial services. The Company's homebuilding operations include the Northern and Southern regions. It designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. Its homebuilding operations are also engaged in the sale of land and lots. The Company primarily constructs homes in planned development communities and mixed-use communities. It has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina, and Nashville, Tennessee. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
M/I Homes Announces First Quarter Webcast Details
- Webcast Timing: M/I Homes will host its first quarter webcast on April 22, 2026, at 10:30 AM Eastern Time, during which it is expected to report first quarter earnings before the market opens, aimed at providing investors with the latest financial status and business developments.
- Participation Method: Investors can join the live broadcast by visiting the company website at http://www.mihomes.com; if unable to participate in real-time, the webcast will be archived on the site, ensuring all stakeholders can access relevant information and enhancing transparency.
- Company Background: Founded in 1976, M/I Homes celebrates its 50th anniversary in 2026 and is one of the nation's leading builders of single-family homes, with operations spanning multiple states including Ohio, Indiana, and Illinois, showcasing its extensive influence in the residential market.
- Executive Contacts: For further information, investors can reach out to Vice President and Chief Accounting Officer Ann Marie Hunker or Vice President and Treasurer Mark Kirkendall, providing direct contact details to facilitate investor inquiries and strengthen communication between the company and its investors.
See More
M/I Homes Board Member Norman L. Traeger to Retire
- Board Member Retirement: M/I Homes announced that independent board member Norman L. Traeger will retire in May, concluding his distinguished service since 1997, highlighting the company's appreciation for his contributions.
- Leadership Praise: Chairman and CEO Robert H. Schottenstein commended Traeger's leadership and business acumen, emphasizing his significant impact on the company's success and growth, reflecting the company's commitment to valuing exceptional talent.
- Company Background: M/I Homes is one of the nation's leading single-family homebuilders, with operations spanning multiple states including Ohio, Indiana, and Illinois, showcasing its extensive influence in the residential market.
- Forward-Looking Statements: The press release includes forward-looking statements that underscore various risks and uncertainties the company faces, advising investors to consider factors such as economic conditions, interest rates, and market competition that could affect future performance.
See More
M/I Homes CFO Sells 11,000 Shares in Derivative Transaction
- Executive Transaction Overview: Phillip G. Creek, CFO of M/I Homes, executed a derivative transaction selling 11,000 common shares between January 30 and February 2, 2026, for approximately $1.5 million, indicating proactive management of his stock holdings.
- Transaction Scale Analysis: The sale of 11,000 shares is notably larger than Creek's recent median of 5,894 shares sold in the last 15 events, suggesting a trend towards larger trades as share capacity diminishes.
- Impact on Holdings: Following the transaction, Creek's direct holdings fell to 27,071 shares, representing just 9.4% of his direct ownership and approximately 0.10% of the company's outstanding shares, which may limit his capacity for future sales.
- Market Environment Outlook: Despite M/I Homes' middling performance with a 6.2% return over the past year, the ongoing housing shortage in the U.S. and potential interest rate cuts could signal strong demand, attracting more buyers in the future.
See More
M/I Homes (MHO.US) Officer Plans to Sell $3.46 Million in Common Stock via Form 144
Stock Sale Announcement: Schottenstein Robert intends to sell 24,000 shares of its common stock on February 18, with a total market value of approximately $3.46 million.
Reduction in Shareholding: Schottenstein Robert has reduced its shareholding in M/I Homes by 34,974 shares since February 10, 2026, with a total value of approximately $5.09 million.
See More
M/I Homes Reports Strong 2025 Earnings Amid Market Challenges
- Performance Highlights: M/I Homes delivered 8,921 homes in 2025 with revenue of $4.4 billion, demonstrating resilience in a challenging market despite a 20% decline in pre-tax income, indicating strong financial health.
- Margin Pressure: The gross margin for 2025 was 23.0%, and 24.4% excluding $59 million in inventory and warranty charges, reflecting a 220 basis point decline from 2024 due to rising incentives and lot costs impacting profitability.
- Sales Trends: New contracts increased by 9% year-over-year in Q4, with a 13% rise in the Southern Region, indicating a gradual recovery in market demand, although the share of first-time buyers decreased, highlighting ongoing challenges.
- Share Buybacks: The company repurchased $50 million in stock during Q4 and $200 million for the year, reflecting management's confidence in future growth while maintaining a strong balance sheet with $689 million in cash.
See More
M/I Homes Q4 Earnings Report Analysis
- Earnings Miss: M/I Homes reported a Q4 GAAP EPS of $2.39, missing expectations by $1.49, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: Despite a 5% year-over-year decline to $1.15 billion, revenue exceeded market expectations by $40 million, demonstrating the company's resilience in challenging conditions.
- New Contracts Increase: New contracts rose by 9% to 1,921 homes, reflecting a rebound in market demand that may lay the groundwork for future revenue growth.
- Delivery Decline: Homes delivered decreased by 4% to 2,301, highlighting challenges in the production and delivery chain that could impact the company's market share and customer satisfaction.
See More
M/I Homes Announces First Quarter Webcast Details
- Webcast Timing: M/I Homes will host its first quarter webcast on April 22, 2026, at 10:30 AM Eastern Time, during which it is expected to report first quarter earnings before the market opens, aimed at providing investors with the latest financial status and business developments.
- Participation Method: Investors can join the live broadcast by visiting the company website at http://www.mihomes.com; if unable to participate in real-time, the webcast will be archived on the site, ensuring all stakeholders can access relevant information and enhancing transparency.
- Company Background: Founded in 1976, M/I Homes celebrates its 50th anniversary in 2026 and is one of the nation's leading builders of single-family homes, with operations spanning multiple states including Ohio, Indiana, and Illinois, showcasing its extensive influence in the residential market.
- Executive Contacts: For further information, investors can reach out to Vice President and Chief Accounting Officer Ann Marie Hunker or Vice President and Treasurer Mark Kirkendall, providing direct contact details to facilitate investor inquiries and strengthen communication between the company and its investors.
See More
M/I Homes Board Member Norman L. Traeger to Retire
- Board Member Retirement: M/I Homes announced that independent board member Norman L. Traeger will retire in May, concluding his distinguished service since 1997, highlighting the company's appreciation for his contributions.
- Leadership Praise: Chairman and CEO Robert H. Schottenstein commended Traeger's leadership and business acumen, emphasizing his significant impact on the company's success and growth, reflecting the company's commitment to valuing exceptional talent.
- Company Background: M/I Homes is one of the nation's leading single-family homebuilders, with operations spanning multiple states including Ohio, Indiana, and Illinois, showcasing its extensive influence in the residential market.
- Forward-Looking Statements: The press release includes forward-looking statements that underscore various risks and uncertainties the company faces, advising investors to consider factors such as economic conditions, interest rates, and market competition that could affect future performance.
See More
M/I Homes CFO Sells 11,000 Shares in Derivative Transaction
- Executive Transaction Overview: Phillip G. Creek, CFO of M/I Homes, executed a derivative transaction selling 11,000 common shares between January 30 and February 2, 2026, for approximately $1.5 million, indicating proactive management of his stock holdings.
- Transaction Scale Analysis: The sale of 11,000 shares is notably larger than Creek's recent median of 5,894 shares sold in the last 15 events, suggesting a trend towards larger trades as share capacity diminishes.
- Impact on Holdings: Following the transaction, Creek's direct holdings fell to 27,071 shares, representing just 9.4% of his direct ownership and approximately 0.10% of the company's outstanding shares, which may limit his capacity for future sales.
- Market Environment Outlook: Despite M/I Homes' middling performance with a 6.2% return over the past year, the ongoing housing shortage in the U.S. and potential interest rate cuts could signal strong demand, attracting more buyers in the future.
See More
M/I Homes (MHO.US) Officer Plans to Sell $3.46 Million in Common Stock via Form 144
Stock Sale Announcement: Schottenstein Robert intends to sell 24,000 shares of its common stock on February 18, with a total market value of approximately $3.46 million.
Reduction in Shareholding: Schottenstein Robert has reduced its shareholding in M/I Homes by 34,974 shares since February 10, 2026, with a total value of approximately $5.09 million.
See More
M/I Homes Reports Strong 2025 Earnings Amid Market Challenges
- Performance Highlights: M/I Homes delivered 8,921 homes in 2025 with revenue of $4.4 billion, demonstrating resilience in a challenging market despite a 20% decline in pre-tax income, indicating strong financial health.
- Margin Pressure: The gross margin for 2025 was 23.0%, and 24.4% excluding $59 million in inventory and warranty charges, reflecting a 220 basis point decline from 2024 due to rising incentives and lot costs impacting profitability.
- Sales Trends: New contracts increased by 9% year-over-year in Q4, with a 13% rise in the Southern Region, indicating a gradual recovery in market demand, although the share of first-time buyers decreased, highlighting ongoing challenges.
- Share Buybacks: The company repurchased $50 million in stock during Q4 and $200 million for the year, reflecting management's confidence in future growth while maintaining a strong balance sheet with $689 million in cash.
See More
M/I Homes Q4 Earnings Report Analysis
- Earnings Miss: M/I Homes reported a Q4 GAAP EPS of $2.39, missing expectations by $1.49, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: Despite a 5% year-over-year decline to $1.15 billion, revenue exceeded market expectations by $40 million, demonstrating the company's resilience in challenging conditions.
- New Contracts Increase: New contracts rose by 9% to 1,921 homes, reflecting a rebound in market demand that may lay the groundwork for future revenue growth.
- Delivery Decline: Homes delivered decreased by 4% to 2,301, highlighting challenges in the production and delivery chain that could impact the company's market share and customer satisfaction.
See More
