M/I Homes Q4 Revenue at $1.1B, Below Consensus
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."