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."
Trade with 70% Backtested Accuracy
Analyst Views on MHO
About MHO
About the author
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.
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.
M/I Homes Reports 2025 Financial Results with Declining Net Income
- Declining Financial Performance: In Q4 2025, M/I Homes reported pre-tax income of $80.6 million and net income of $64.0 million ($2.39 per diluted share), reflecting a significant drop from Q4 2024's pre-tax income of $170.6 million and net income of $133.5 million, indicating challenges in the current market.
- Reduced Deliveries: The company delivered 2,301 homes in Q4 2025, a 4% decrease from 2,402 in Q4 2024, and a total of 8,921 homes for the year, down 1% year-over-year, highlighting sales pressure amid weak new home demand.
- New Contracts Growth: Despite the decline in deliveries, new contracts increased by 9% in Q4 2025 to 1,921, suggesting that the company still possesses some market appeal, potentially setting the stage for future performance recovery.
- Strong Financial Health: As of December 31, 2025, M/I Homes achieved record shareholders' equity of $3.2 billion and cash reserves of $689 million with no borrowings, demonstrating robust financial stability in a challenging market environment.
M/I Homes to Announce Q4 Earnings on January 28
- Earnings Announcement Schedule: M/I Homes is set to release its Q4 earnings on January 28 before market open, with a consensus EPS estimate of $3.88, reflecting a 17.6% year-over-year decline, indicating potential challenges the company faces.
- Revenue Expectations Decline: Analysts forecast that M/I Homes will generate $1.11 billion in revenue for Q4, an 8.3% year-over-year decrease, suggesting sales pressures in the current economic environment.
- Historical Performance: Over the past two years, M/I Homes has beaten EPS estimates 75% of the time and revenue estimates 75% of the time, demonstrating the company's stability in financial forecasting.
- Market Analysis Focus: Despite facing challenges, Seeking Alpha's Quant Rating maintains a focus on M/I Homes, indicating potential optimism in the market regarding its future performance.
M/I Homes (MHO) Declines More Sharply Than the Overall Market: Key Insights for Investors
Stock Performance: M/I Homes (MHO) closed at $133.26, down 1.24%, underperforming the S&P 500's loss of 0.24; however, the stock has risen 8.73% over the past month, outperforming both the Construction sector and the S&P 500.
Upcoming Earnings Report: The company is set to release its earnings report on January 28, 2026, with an expected EPS of $4.11, reflecting a 12.74% decline year-over-year, and projected revenue of $1.16 billion, down 3.41% from the previous year.
Analyst Estimates and Zacks Rank: M/I Homes currently holds a Zacks Rank of #3 (Hold), with steady EPS estimates over the past month; revisions in analyst estimates are crucial as they correlate with stock price performance.
Valuation and Industry Ranking: M/I Homes has a Forward P/E ratio of 8.21, below the industry average of 12.06, and the Building Products - Home Builders industry ranks in the bottom 12% of all industries according to the Zacks Industry Rank.
Daily Upgrade Report for Validea Kenneth Fisher Strategy - December 10, 2025
Validea's Upgrade: M/I Homes Inc. (MHO) received a rating upgrade from 90% to 100% in Validea's Price/Sales Investor model based on Kenneth Fisher's strategy, indicating strong interest due to its low P/S ratio and solid fundamentals.
Company Overview: M/I Homes, Inc. is a homebuilder specializing in single-family homes and financial services, operating in various regions across the U.S. and catering to a diverse range of buyers.
Kenneth Fisher's Background: Kenneth Fisher, a prominent money manager and author, is known for popularizing the price/sales ratio as a stock evaluation tool and is the founder of Fisher Investments.
Validea's Mission: Validea is an investment research service that analyzes stocks based on the strategies of renowned investors, aiming to provide insights and model portfolios that have historically outperformed the market.
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.
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.
M/I Homes Reports 2025 Financial Results with Declining Net Income
- Declining Financial Performance: In Q4 2025, M/I Homes reported pre-tax income of $80.6 million and net income of $64.0 million ($2.39 per diluted share), reflecting a significant drop from Q4 2024's pre-tax income of $170.6 million and net income of $133.5 million, indicating challenges in the current market.
- Reduced Deliveries: The company delivered 2,301 homes in Q4 2025, a 4% decrease from 2,402 in Q4 2024, and a total of 8,921 homes for the year, down 1% year-over-year, highlighting sales pressure amid weak new home demand.
- New Contracts Growth: Despite the decline in deliveries, new contracts increased by 9% in Q4 2025 to 1,921, suggesting that the company still possesses some market appeal, potentially setting the stage for future performance recovery.
- Strong Financial Health: As of December 31, 2025, M/I Homes achieved record shareholders' equity of $3.2 billion and cash reserves of $689 million with no borrowings, demonstrating robust financial stability in a challenging market environment.
M/I Homes to Announce Q4 Earnings on January 28
- Earnings Announcement Schedule: M/I Homes is set to release its Q4 earnings on January 28 before market open, with a consensus EPS estimate of $3.88, reflecting a 17.6% year-over-year decline, indicating potential challenges the company faces.
- Revenue Expectations Decline: Analysts forecast that M/I Homes will generate $1.11 billion in revenue for Q4, an 8.3% year-over-year decrease, suggesting sales pressures in the current economic environment.
- Historical Performance: Over the past two years, M/I Homes has beaten EPS estimates 75% of the time and revenue estimates 75% of the time, demonstrating the company's stability in financial forecasting.
- Market Analysis Focus: Despite facing challenges, Seeking Alpha's Quant Rating maintains a focus on M/I Homes, indicating potential optimism in the market regarding its future performance.
M/I Homes (MHO) Declines More Sharply Than the Overall Market: Key Insights for Investors
Stock Performance: M/I Homes (MHO) closed at $133.26, down 1.24%, underperforming the S&P 500's loss of 0.24; however, the stock has risen 8.73% over the past month, outperforming both the Construction sector and the S&P 500.
Upcoming Earnings Report: The company is set to release its earnings report on January 28, 2026, with an expected EPS of $4.11, reflecting a 12.74% decline year-over-year, and projected revenue of $1.16 billion, down 3.41% from the previous year.
Analyst Estimates and Zacks Rank: M/I Homes currently holds a Zacks Rank of #3 (Hold), with steady EPS estimates over the past month; revisions in analyst estimates are crucial as they correlate with stock price performance.
Valuation and Industry Ranking: M/I Homes has a Forward P/E ratio of 8.21, below the industry average of 12.06, and the Building Products - Home Builders industry ranks in the bottom 12% of all industries according to the Zacks Industry Rank.
Daily Upgrade Report for Validea Kenneth Fisher Strategy - December 10, 2025
Validea's Upgrade: M/I Homes Inc. (MHO) received a rating upgrade from 90% to 100% in Validea's Price/Sales Investor model based on Kenneth Fisher's strategy, indicating strong interest due to its low P/S ratio and solid fundamentals.
Company Overview: M/I Homes, Inc. is a homebuilder specializing in single-family homes and financial services, operating in various regions across the U.S. and catering to a diverse range of buyers.
Kenneth Fisher's Background: Kenneth Fisher, a prominent money manager and author, is known for popularizing the price/sales ratio as a stock evaluation tool and is the founder of Fisher Investments.
Validea's Mission: Validea is an investment research service that analyzes stocks based on the strategies of renowned investors, aiming to provide insights and model portfolios that have historically outperformed the market.
