M/I Homes (MHO) Financials

$106.48 -3.92 (-3.55%)

Closing price 03:59 PM Eastern

Extended Trading

$106.54 +0.06 (+0.05%)

As of 07:13 PM Eastern

Annual Income Statements for M/I Homes

This table shows M/I Homes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	47	52	66	108	128	240	415	491	465	564
Consolidated Net Income / (Loss)	52	57	72	108	128	240	397	491	465	564
Net Income / (Loss) Continuing Operations	52	57	72	108	128	240	415	491	465	564
Total Pre-Tax Income	87	92	120	141	166	310	509	635	607	734
Total Operating Income	95	92	120	162	187	320	529	640	607	734
Total Gross Profit	1,418	1,691	401	450	494	685	909	1,044	1,019	1,199
Total Revenue	1,418	1,691	1,962	2,286	2,500	3,046	3,746	4,131	4,034	4,505
Operating Revenue	1,418	1,691	1,962	2,286	2,500	3,046	3,746	4,131	4,034	4,505
Total Cost of Revenue	0.00	0.00	1,561	1,837	2,006	2,361	2,837	3,088	3,015	3,306
Operating Cost of Revenue	-	-	1,561	1,837	2,006	2,361	2,837	3,088	3,015	3,306
Total Operating Expenses	1,324	1,600	281	288	308	365	380	404	412	465
Selling, General & Admin Expense	188	220	255	281	302	357	391	406	432	493
Other Operating Expenses / (Income)	1,132	1,375	18	-0.31	0.31	-0.47	-2.05	-2.26	-20	-28
Impairment Charge	3.64	3.99	7.68	5.81	5.00	8.44	0.00	0.00	0.00	0.00
Restructuring Charge	-	0.00	0.00	1.70	0.00	0.00	0.00	0.00	0.00	0.00
Other Special Charges / (Income)	-	-	-	-	-	0.00	-9.07	-	0.00	0.00
Total Other Income / (Expense), net	-7.84	0.00	0.00	-20	-21	-9.68	-2.16	0.00	0.00	0.00
Income Tax Expense	35	35	48	34	38	70	112	145	142	170
Basic Earnings per Share	$1.91	$2.10	$2.57	$3.81	$4.58	$8.38	$13.64	$17.60	$16.76	$20.29
Weighted Average Basic Shares Outstanding	24.58M	24.67M	25.77M	28.23M	27.85M	28.61M	29.09M	27.88M	27.77M	27.78M
Diluted Earnings per Share	$1.68	$1.84	$2.26	$3.70	$4.48	$8.23	$13.28	$17.24	$16.21	$19.71
Weighted Average Diluted Shares Outstanding	30.05M	30.12M	30.69M	29.18M	28.48M	29.15M	29.88M	28.46M	28.72M	28.60M
Weighted Average Basic & Diluted Shares Outstanding	24.50M	24.60M	25.70M	28.30M	28.58M	29.11M	28.46M	27.67M	27.81M	27.11M

This table shows M/I Homes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	132	130	103	118	139	105	138	147	145	133
Consolidated Net Income / (Loss)	132	130	103	118	139	105	138	147	145	133
Net Income / (Loss) Continuing Operations	132	130	103	118	139	105	138	147	145	133
Total Pre-Tax Income	167	164	136	155	178	138	180	194	189	171
Total Operating Income	167	167	136	155	178	138	180	194	189	171
Total Gross Profit	272	275	235	258	282	244	283	309	309	297
Total Revenue	1,013	1,217	1,001	1,014	1,046	973	1,047	1,110	1,143	1,205
Operating Revenue	1,013	1,217	1,001	1,014	1,046	973	1,047	1,110	1,143	1,205
Total Cost of Revenue	741	942	766	756	765	728	763	801	833	908
Operating Cost of Revenue	741	942	766	756	765	728	763	801	833	908
Total Operating Expenses	105	107	99	103	104	106	103	115	121	126
Selling, General & Admin Expense	105	110	100	108	110	115	110	122	127	133
Other Operating Expenses / (Income)	0.00	-2.91	-1.40	-4.70	-5.83	-8.13	-6.92	-7.35	-6.68	-6.57
Income Tax Expense	35	34	33	37	39	33	42	47	43	37
Basic Earnings per Share	$4.76	$4.73	$3.73	$4.25	$4.98	$3.80	$4.92	$5.26	$5.26	$4.85
Weighted Average Basic Shares Outstanding	27.62M	27.88M	27.60M	27.79M	27.91M	27.77M	28.05M	27.88M	27.64M	27.78M
Diluted Earnings per Share	$4.67	$4.62	$3.64	$4.12	$4.82	$3.63	$4.78	$5.12	$5.10	$4.71
Weighted Average Diluted Shares Outstanding	28.19M	28.46M	28.31M	28.62M	28.84M	28.72M	28.89M	28.67M	28.53M	28.60M
Weighted Average Basic & Diluted Shares Outstanding	27.43M	27.67M	27.83M	27.80M	27.85M	27.81M	27.75M	27.41M	27.21M	27.11M

This table details how cash moves in and out of M/I Homes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-9.39	21	117	-130	-15	255	-24	75	421	89
Net Cash From Operating Activities	-82	34	-53	-2.59	66	168	-17	184	552	180
Net Cash From Continuing Operating Activities	-144	-17	-53	-2.59	66	168	-17	184	552	180
Net Income / (Loss) Continuing Operations	52	57	72	108	128	240	397	491	465	564
Consolidated Net Income / (Loss)	52	57	72	108	128	240	397	491	465	564
Depreciation Expense	6.61	8.55	9.63	11	12	13	13	13	13	14
Amortization Expense	4.32	5.05	4.54	3.58	4.26	4.94	4.22	4.19	4.45	4.56
Non-Cash Adjustments To Reconcile Net Income	-28	-13	-10	7.63	20	-69	-50	51	75	-97
Changes in Operating Assets and Liabilities, net	-178	-75	-129	-132	-98	-20	-380	-375	-5.18	-306
Net Cash From Investing Activities	-41	-32	-9.16	-134	-28	-34	-52	-27	-19	-55
Net Cash From Continuing Investing Activities	43	12	-9.16	-134	-28	-34	-52	-27	-19	-55
Purchase of Property, Plant & Equipment	-3.66	-13	-8.80	-8.14	-4.53	-12	-25	-9.33	-5.77	-8.42
Acquisitions	-24	0.00	0.00	-101	0.00	0.00	0.00	0.00	0.00	0.00
Purchase of Investments	-18	-22	-12	-32	-30	-29	-52	-20	-24	-54
Sale of Property, Plant & Equipment	-	-	0.00	0.00	6.31	0.00	8.57	0.00	0.00	0.00
Sale and/or Maturity of Investments	-	-	3.52	0.68	0.81	2.48	1.21	1.89	0.00	0.00
Other Investing Activities, net	4.29	3.21	8.21	6.34	0.00	3.87	15	0.20	11	7.62
Net Cash From Financing Activities	114	19	180	6.38	-53	120	44	-82	-112	-36
Net Cash From Continuing Financing Activities	943	739	180	6.38	-53	120	44	-82	-112	-36
Repayment of Debt	-637	-357	-445	-635	-764	-595	-216	-390	-81	120
Repurchase of Common Equity	-	0.00	0.00	-26	-5.15	-1.91	-52	-55	-65	-177
Issuance of Debt	756	381	668	667	697	707	300	362	0.00	0.00
Other Financing Activities, net	1.04	0.18	11	0.54	20	9.91	11	1.37	34	21
Cash Interest Paid	15	6.60	10	18	19	7.81	1.96	1.89	1.48	0.64
Cash Income Taxes Paid	2.31	2.27	37	25	37	64	110	155	151	160

This table details how cash moves in and out of M/I Homes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-121	244	231	126	68	-3.45	137	-33	-118	102
Net Cash From Operating Activities	-93	198	251	166	80	55	116	28	-68	104
Net Cash From Continuing Operating Activities	-93	198	251	166	80	55	116	28	-68	104
Net Income / (Loss) Continuing Operations	132	130	103	118	139	105	138	147	145	133
Consolidated Net Income / (Loss)	132	130	103	118	139	105	138	147	145	133
Depreciation Expense	3.22	3.23	3.21	3.13	3.22	3.35	3.30	3.54	3.67	3.63
Amortization Expense	1.13	1.12	1.18	1.13	1.01	1.13	1.16	1.07	1.15	1.18
Non-Cash Adjustments To Reconcile Net Income	13	-40	17	35	-15	38	-59	10	-10	-38
Changes in Operating Assets and Liabilities, net	-241	104	128	8.48	-49	-92	32	-134	-208	4.16
Net Cash From Investing Activities	-7.64	-8.28	-4.79	1.99	-11	-4.50	-17	-10	-17	-9.86
Net Cash From Continuing Investing Activities	-7.64	-8.28	-4.79	1.99	-11	-4.50	-17	-10	-17	-9.86
Purchase of Property, Plant & Equipment	-1.19	-5.46	-2.08	-0.04	-2.49	-1.16	-0.28	-5.49	-0.58	-2.07
Purchase of Investments	-6.45	-2.77	-2.71	-7.76	-9.25	-3.83	-24	-5.32	-17	-8.17
Other Investing Activities, net	-	0.10	0.00	9.79	0.42	0.49	6.85	0.38	-	0.38
Net Cash From Financing Activities	-21	54	-16	-42	-0.25	-54	39	-50	-32	7.11
Net Cash From Continuing Financing Activities	-21	54	-16	-42	-0.25	-54	39	-50	-32	7.11
Repayment of Debt	-197	-74	-22	-37	14	-35	58	-1.53	13	50
Repurchase of Common Equity	-15	-	0.00	-15	-25	-25	-25	-50	-50	-51
Other Financing Activities, net	0.23	0.36	6.44	10	11	6.64	5.50	2.05	5.49	8.25
Cash Interest Paid	8.55	-6.68	8.46	-7.01	7.93	-7.90	7.79	-7.47	7.11	-6.79
Cash Income Taxes Paid	51	32	0.84	76	36	38	0.68	82	49	28

This table presents M/I Homes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,416	1,549	1,865	2,022	2,106	2,643	3,240	3,715	4,022	4,550
Total Current Assets	67	31	18	35	6.08	261	236	312	733	822
Cash & Equivalents	-	-	-	22	6.08	261	236	312	733	822
Plant, Property, & Equipment, net	13	22	27	29	22	27	38	37	35	35
Total Noncurrent Assets	1,335	1,495	1,820	1,957	2,077	2,356	2,966	3,366	3,255	3,694
Long-Term Investments	37	28	21	36	38	35	57	52	44	65
Goodwill	-	-	0.00	16	16	16	16	16	16	16
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	9.63	6.18	10	18	16	13
Other Noncurrent Operating Assets	1,298	1,467	1,799	1,735	1,858	2,064	2,606	3,037	3,002	3,315
Other Noncurrent Nonoperating Assets	-	-	-	170	155	234	276	243	176	284
Total Liabilities & Shareholders' Equity	1,416	1,549	1,865	2,022	2,106	2,643	3,240	3,715	4,022	4,550
Total Liabilities	819	894	1,117	1,166	1,102	1,384	1,616	1,644	1,506	1,610
Total Current Liabilities	230	278	312	317	296	484	619	567	456	554
Short-Term Debt	124	153	168	153	137	226	266	246	166	286
Accounts Payable	87	103	117	132	125	186	245	229	205	199
Customer Deposits	20	22	26	32	34	73	108	93	85	69
Total Noncurrent Liabilities	589	616	806	850	806	900	997	1,077	1,050	1,056
Long-Term Debt	339	336	297	415	365	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	250	280	509	434	441	900	997	1,077	1,050	1,056
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	597	654	747	855	1,003	1,259	1,624	2,071	2,517	2,940
Total Preferred & Common Equity	597	654	747	855	1,003	1,259	1,624	2,071	2,517	2,940
Total Common Equity	597	654	747	855	1,003	1,259	1,624	2,071	2,517	2,940
Common Stock	242	247	307	331	333	339	348	353	350	349
Retained Earnings	355	407	473	581	709	948	1,345	1,836	2,301	2,865
Treasury Stock	-49	-48	-33	-57	-38	-29	-69	-118	-135	-274

This table presents M/I Homes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,588	3,762	3,862	4,003	4,212	4,340	4,460
Total Current Assets	68	543	668	736	870	837	720
Cash & Equivalents	68	543	668	736	870	837	720
Plant, Property, & Equipment, net	35	37	35	36	33	36	35
Total Noncurrent Assets	3,485	3,182	3,158	3,231	3,309	3,466	3,705
Long-Term Investments	52	49	42	45	59	46	63
Goodwill	16	16	16	16	16	16	16
Noncurrent Deferred & Refundable Income Taxes	10	18	18	18	15	15	15
Other Noncurrent Operating Assets	3,223	2,872	2,891	2,945	2,983	3,161	3,368
Other Noncurrent Nonoperating Assets	183	227	191	207	235	227	243
Total Liabilities & Shareholders' Equity	3,588	3,762	3,862	4,003	4,212	4,340	4,460
Total Liabilities	1,650	1,579	1,563	1,578	1,573	1,599	1,615
Total Current Liabilities	612	530	549	546	542	595	579
Short-Term Debt	189	224	186	201	224	223	235
Accounts Payable	296	208	265	251	225	279	257
Customer Deposits	126	98	98	95	93	93	87
Total Noncurrent Liabilities	1,038	1,049	1,014	1,031	1,031	1,004	1,035
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	1,038	1,049	1,014	1,031	1,031	1,004	1,035
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,938	2,183	2,298	2,426	2,639	2,741	2,845
Total Preferred & Common Equity	1,938	2,183	2,298	2,426	2,639	2,741	2,845
Total Common Equity	1,938	2,183	2,298	2,426	2,639	2,741	2,845
Common Stock	351	350	350	348	348	351	351
Retained Earnings	1,706	1,939	2,057	2,196	2,439	2,586	2,732
Treasury Stock	-119	-106	-109	-119	-149	-196	-237

This table displays calculated financial ratios and metrics derived from M/I Homes' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.72%	19.24%	16.00%	16.53%	9.36%	21.83%	22.97%	10.29%	-2.37%	11.68%
EBITDA Growth	34.12%	-0.29%	27.62%	31.08%	14.99%	66.38%	61.97%	20.24%	-4.91%	20.44%
EBIT Growth	35.90%	-3.15%	31.09%	34.45%	15.46%	71.18%	65.58%	20.83%	-5.07%	20.80%
NOPAT Growth	11.11%	0.31%	27.33%	71.02%	16.44%	72.34%	66.83%	19.74%	-5.82%	21.14%
Net Income Growth	1.92%	9.36%	27.33%	49.36%	18.51%	88.01%	65.45%	23.63%	-5.16%	21.14%
EPS Growth	1.82%	9.52%	22.83%	63.72%	21.08%	83.71%	61.36%	29.82%	-5.97%	21.59%
Operating Cash Flow Growth	37.84%	141.52%	-255.52%	95.13%	2,632.06%	156.49%	-109.99%	1,194.16%	199.96%	-67.45%
Free Cash Flow Firm Growth	-72.02%	71.77%	87.35%	2,651.54%	-71.19%	1,657.36%	-92.31%	126.95%	327.30%	-46.71%
Invested Capital Growth	22.29%	9.13%	6.88%	0.42%	9.15%	-26.92%	38.41%	29.49%	1.10%	18.83%
Revenue Q/Q Growth	7.66%	3.32%	5.28%	4.61%	0.79%	5.70%	4.04%	4.17%	-5.71%	5.45%
EBITDA Q/Q Growth	12.18%	3.39%	0.50%	21.22%	3.85%	12.95%	8.34%	2.30%	-4.14%	4.58%
EBIT Q/Q Growth	13.06%	3.36%	0.38%	23.48%	3.98%	13.59%	8.42%	2.55%	-4.27%	4.65%
NOPAT Q/Q Growth	14.07%	4.64%	-6.10%	35.26%	7.57%	13.13%	9.17%	2.41%	-5.25%	5.26%
Net Income Q/Q Growth	4.63%	14.77%	-6.10%	18.13%	7.93%	19.00%	9.16%	3.59%	-5.12%	5.26%
EPS Q/Q Growth	4.35%	15.00%	-6.22%	19.74%	7.69%	18.59%	8.85%	4.87%	-5.76%	5.80%
Operating Cash Flow Q/Q Growth	31.92%	-13.06%	8.82%	95.84%	-10.71%	-35.72%	73.40%	5,363.67%	-20.61%	38.00%
Free Cash Flow Firm Q/Q Growth	12.02%	-87.91%	-110.88%	146.21%	-84.91%	23.02%	117.65%	-71.86%	-34.08%	100.65%
Invested Capital Q/Q Growth	4.26%	5.83%	9.56%	-16.60%	-2.71%	-11.15%	-22.88%	-6.22%	5.59%	0.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	20.44%	19.66%	19.77%	22.48%	24.26%	25.27%	25.26%	26.61%
EBITDA Margin	7.45%	6.23%	6.86%	7.71%	8.11%	11.07%	14.58%	15.90%	15.49%	16.70%
Operating Margin	6.68%	5.43%	6.13%	7.08%	7.47%	10.50%	14.13%	15.48%	15.06%	16.29%
EBIT Margin	6.68%	5.43%	6.13%	7.08%	7.47%	10.50%	14.13%	15.48%	15.06%	16.29%
Profit (Net Income) Margin	3.65%	3.35%	3.67%	4.71%	5.10%	7.87%	10.59%	11.88%	11.54%	12.51%
Tax Burden Percent	59.55%	61.68%	59.91%	76.20%	76.85%	77.37%	77.95%	77.24%	76.63%	76.84%
Interest Burden Percent	91.73%	100.00%	100.00%	87.34%	88.89%	96.97%	96.17%	99.30%	100.00%	100.00%
Effective Tax Rate	40.45%	38.32%	40.09%	23.80%	23.15%	22.63%	22.05%	22.76%	23.37%	23.16%
Return on Invested Capital (ROIC)	6.08%	5.30%	6.25%	10.32%	11.47%	21.88%	36.27%	32.59%	27.05%	29.79%
ROIC Less NNEP Spread (ROIC-NNEP)	4.77%	5.30%	6.25%	6.35%	6.52%	1,046.82%	41.48%	33.64%	27.05%	29.79%
Return on Net Nonoperating Assets (RNNOA)	3.00%	3.75%	4.04%	3.11%	2.26%	-0.68%	-8.74%	-6.04%	-6.76%	-9.13%
Return on Equity (ROE)	9.07%	9.05%	10.29%	13.44%	13.73%	21.21%	27.53%	26.56%	20.29%	20.66%
Cash Return on Invested Capital (CROIC)	-13.98%	-3.43%	-0.40%	9.91%	2.72%	52.99%	4.05%	6.89%	25.96%	12.57%
Operating Return on Assets (OROA)	7.23%	6.19%	7.05%	8.33%	9.05%	13.47%	18.00%	18.40%	15.70%	17.12%
Return on Assets (ROA)	3.95%	3.82%	4.22%	5.54%	6.18%	10.10%	13.49%	14.11%	12.03%	13.15%
Return on Common Equity (ROCE)	9.07%	9.05%	10.29%	13.44%	13.73%	21.21%	27.53%	26.56%	20.29%	20.66%
Return on Equity Simple (ROE_SIMPLE)	8.68%	8.65%	9.65%	12.59%	12.71%	19.06%	24.43%	23.70%	18.49%	19.18%
Net Operating Profit after Tax (NOPAT)	56	57	72	123	144	247	413	494	465	564
NOPAT Margin	3.98%	3.35%	3.67%	5.39%	5.74%	8.12%	11.02%	11.96%	11.54%	12.51%
Net Nonoperating Expense Percent (NNEP)	1.30%	0.00%	0.00%	3.97%	4.95%	-1,024.94%	-5.21%	-1.05%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	21.33%	17.35%	17.48%
Cost of Revenue to Revenue	0.00%	0.00%	79.56%	80.34%	80.23%	77.52%	75.74%	74.73%	74.74%	73.39%
SG&A Expenses to Revenue	13.28%	13.03%	12.98%	12.27%	12.09%	11.72%	10.43%	9.84%	10.70%	10.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	93.32%	94.57%	14.30%	12.59%	12.30%	11.98%	10.13%	9.78%	10.21%	10.33%
Earnings before Interest and Taxes (EBIT)	95	92	120	162	187	320	529	640	607	734
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	106	105	134	176	203	337	546	657	625	752
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.91	0.95	1.27	0.69	1.10	1.01	1.11	0.61	1.52	1.23
Price to Tangible Book Value (P/TBV)	0.91	0.95	1.27	0.70	1.12	1.02	1.13	0.62	1.53	1.24
Price to Revenue (P/Rev)	0.38	0.37	0.48	0.26	0.44	0.42	0.48	0.31	0.95	0.80
Price to Earnings (P/E)	11.52	12.01	14.31	5.45	8.68	5.31	4.36	2.58	8.24	6.42
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.68%	8.33%	6.99%	18.34%	11.52%	18.84%	22.94%	38.74%	12.13%	15.59%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.97	1.17	0.92	1.20	1.26	1.35	0.67	1.86	1.47
Enterprise Value to Revenue (EV/Rev)	0.68	0.64	0.71	0.48	0.63	0.40	0.48	0.28	0.80	0.67
Enterprise Value to EBITDA (EV/EBITDA)	9.13	10.27	10.34	6.23	7.72	3.57	3.26	1.75	5.16	4.01
Enterprise Value to EBIT (EV/EBIT)	10.19	11.79	11.56	6.79	8.38	3.76	3.37	1.80	5.31	4.11
Enterprise Value to NOPAT (EV/NOPAT)	17.11	19.11	19.30	8.91	10.91	4.86	4.32	2.33	6.93	5.35
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	31.64	0.00	0.00	23.85	7.15	0.00	6.24	5.84	16.78
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	9.28	45.93	2.01	38.70	11.00	7.22	12.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.77	0.75	0.62	0.66	0.50	0.18	0.16	0.12	0.07	0.10
Long-Term Debt to Equity	0.57	0.51	0.40	0.49	0.36	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.63	0.71	0.65	0.49	0.35	0.00	-0.21	-0.18	-0.25	-0.31
Leverage Ratio	2.30	2.37	2.44	2.43	2.22	2.10	2.04	1.88	1.69	1.57
Compound Leverage Factor	2.11	2.37	2.44	2.12	1.97	2.04	1.96	1.87	1.69	1.57
Debt to Total Capital	43.65%	42.77%	38.36%	39.93%	33.34%	15.20%	14.08%	10.61%	6.18%	8.87%
Short-Term Debt to Total Capital	11.68%	13.38%	13.87%	10.76%	9.09%	15.20%	14.08%	10.61%	6.18%	8.87%
Long-Term Debt to Total Capital	31.97%	29.39%	24.48%	29.17%	24.25%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.35%	57.23%	61.64%	60.07%	66.66%	84.80%	85.92%	89.39%	93.82%	91.13%
Debt to EBITDA	4.37	4.64	3.46	3.22	2.48	0.67	0.49	0.37	0.27	0.38
Net Debt to EBITDA	4.02	4.37	3.30	2.90	2.26	-0.21	-0.05	-0.18	-0.98	-0.80
Long-Term Debt to EBITDA	3.20	3.19	2.21	2.36	1.80	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	8.19	8.64	6.45	4.61	3.50	0.91	0.64	0.50	0.36	0.51
Net Debt to NOPAT	7.53	8.14	6.17	4.15	3.19	-0.28	-0.07	-0.24	-1.31	-1.07
Long-Term Debt to NOPAT	6.00	5.94	4.12	3.37	2.54	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.83	1.88	1.94	1.93	2.39	2.50	2.81	2.75	3.91	3.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.29	0.11	0.06	0.11	0.02	0.54	0.38	0.55	1.61	1.48
Quick Ratio	0.00	0.00	0.00	0.07	0.02	0.54	0.38	0.55	1.61	1.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-130	-37	-4.64	118	34	599	46	105	447	238
Operating Cash Flow to CapEx	-2,251.02%	260.93%	-604.43%	-31.84%	0.00%	1,441.59%	-100.56%	1,972.26%	9,570.65%	2,135.39%
Free Cash Flow to Firm to Interest Expense	-16.55	0.00	0.00	5.78	1.59	61.85	21.36	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-10.50	0.00	0.00	-0.13	3.07	17.38	-7.80	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-10.97	0.00	0.00	-0.52	3.15	16.18	-15.56	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.14	1.15	1.18	1.21	1.28	1.27	1.19	1.04	1.05
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	116.32	96.11	79.89	81.35	97.07	125.02	116.59	110.03	111.48	129.76
Accounts Payable Turnover	0.00	0.00	14.16	14.77	15.64	15.20	13.19	13.05	13.92	16.40
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	25.77	24.72	23.34	24.01	27.67	27.96	26.23	22.26
Cash Conversion Cycle (CCC)	0.00	0.00	-25.77	-24.72	-23.34	-24.01	-27.67	-27.96	-26.23	-22.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,022	1,115	1,192	1,197	1,306	955	1,321	1,711	1,730	2,055
Invested Capital Turnover	1.53	1.58	1.70	1.91	2.00	2.69	3.29	2.73	2.34	2.38
Increase / (Decrease) in Invested Capital	186	93	77	4.96	109	-352	367	390	19	326
Enterprise Value (EV)	966	1,082	1,391	1,098	1,565	1,203	1,782	1,149	3,225	3,016
Market Capitalization	540	621	947	587	1,107	1,273	1,809	1,267	3,836	3,617
Book Value per Share	$24.20	$26.52	$27.15	$30.63	$35.66	$43.79	$55.81	$75.49	$90.38	$108.06
Tangible Book Value per Share	$24.20	$26.52	$27.15	$30.04	$35.07	$43.22	$55.25	$74.90	$89.79	$107.45
Total Capital	1,059	1,143	1,212	1,424	1,505	1,484	1,890	2,316	2,683	3,226
Total Debt	462	489	465	568	502	226	266	246	166	286
Total Long-Term Debt	339	336	297	415	365	0.00	0.00	0.00	0.00	0.00
Net Debt	425	461	444	511	458	-70	-27	-117	-611	-601
Capital Expenditures (CapEx)	3.66	13	8.80	8.14	-1.78	12	17	9.33	5.77	8.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-39	-94	-125	-150	-159	-258	-352	-322	-290	-268
Debt-free Net Working Capital (DFNWC)	-39	-94	-125	-129	-153	2.51	-116	-10	443	554
Net Working Capital (NWC)	-163	-247	-293	-282	-290	-223	-382	-256	277	268
Net Nonoperating Expense (NNE)	4.67	0.00	0.00	16	16	7.49	16	3.48	0.00	0.00
Net Nonoperating Obligations (NNO)	425	461	444	341	303	-304	-303	-360	-787	-884
Total Depreciation and Amortization (D&A)	11	14	14	15	16	18	17	17	17	19
Debt-free, Cash-free Net Working Capital to Revenue	-2.75%	-5.59%	-6.38%	-6.56%	-6.38%	-8.48%	-9.41%	-7.79%	-7.19%	-5.95%
Debt-free Net Working Capital to Revenue	-2.75%	-5.59%	-6.38%	-5.62%	-6.14%	0.08%	-3.10%	-0.25%	10.98%	12.29%
Net Working Capital to Revenue	-11.47%	-14.63%	-14.95%	-12.32%	-11.61%	-7.32%	-10.20%	-6.19%	6.87%	5.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.91	$2.10	$2.57	$3.81	$4.58	$8.38	$13.64	$17.60	$16.76	$20.29
Adjusted Weighted Average Basic Shares Outstanding	24.58M	24.67M	25.77M	28.23M	27.85M	28.61M	29.09M	27.88M	27.77M	27.78M
Adjusted Diluted Earnings per Share	$1.68	$1.84	$2.26	$3.70	$4.48	$8.23	$13.28	$17.24	$16.21	$19.71
Adjusted Weighted Average Diluted Shares Outstanding	30.05M	30.12M	30.69M	29.18M	28.48M	29.15M	29.88M	28.46M	28.72M	28.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$2.10	$2.57	$3.81	$4.58	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.66M	24.76M	27.87M	27.52M	28.58M	29.11M	28.46M	27.67M	27.81M	27.11M
Normalized Net Operating Profit after Tax (NOPAT)	59	59	77	129	147	254	406	494	465	564
Normalized NOPAT Margin	4.13%	3.49%	3.91%	5.64%	5.89%	8.33%	10.83%	11.96%	11.54%	12.51%
Pre Tax Income Margin	6.13%	5.43%	6.13%	6.18%	6.64%	10.18%	13.59%	15.38%	15.06%	16.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.09	0.00	0.00	7.90	8.74	33.02	245.55	0.00	0.00	0.00
NOPAT to Interest Expense	7.20	0.00	0.00	6.02	6.72	25.54	191.42	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	11.62	0.00	0.00	7.50	8.82	31.81	237.79	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	6.73	0.00	0.00	5.62	6.80	24.34	183.66	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.42%	8.61%	5.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	9.42%	8.61%	5.07%	23.88%	4.04%	0.80%	12.98%	11.28%	14.04%	31.39%

This table displays calculated financial ratios and metrics derived from M/I Homes' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.01%	15.71%	16.23%	-2.56%	3.30%	-20.08%	4.61%	9.44%	9.23%	23.92%
EBITDA Growth	33.64%	9.40%	11.03%	-14.71%	6.14%	-17.01%	31.58%	24.51%	6.20%	23.11%
EBIT Growth	33.58%	10.49%	11.23%	-15.04%	6.38%	-17.53%	32.55%	24.96%	6.02%	23.62%
NOPAT Growth	34.68%	9.40%	12.22%	-14.09%	5.20%	-20.76%	33.95%	24.36%	4.63%	26.77%
Net Income Growth	44.59%	15.00%	12.22%	-13.77%	5.64%	-19.26%	33.95%	24.36%	4.63%	26.77%
EPS Growth	54.13%	20.94%	15.19%	-13.99%	3.21%	-21.43%	31.32%	24.27%	5.81%	29.75%
Operating Cash Flow Growth	55.47%	1,031.52%	262.78%	1,703.67%	185.81%	-72.30%	-53.97%	-83.45%	-185.42%	90.15%
Free Cash Flow Firm Growth	103.90%	-4.72%	-134.83%	-34.02%	1,444.11%	133.68%	151.16%	-213.14%	-183.45%	-322.36%
Invested Capital Growth	6.48%	29.49%	11.02%	0.62%	-10.21%	1.10%	6.93%	17.00%	25.45%	18.83%
Revenue Q/Q Growth	-2.66%	20.15%	-17.79%	1.35%	3.19%	-7.05%	7.62%	6.03%	2.99%	5.46%
EBITDA Q/Q Growth	-8.29%	0.00%	-17.13%	13.71%	14.14%	-21.81%	29.66%	7.60%	-2.65%	-9.37%
EBIT Q/Q Growth	-8.51%	0.00%	-17.61%	14.25%	14.55%	-22.47%	30.63%	7.71%	-2.82%	-9.60%
NOPAT Q/Q Growth	-3.80%	0.54%	-21.37%	14.49%	17.81%	-24.27%	31.13%	6.29%	-0.88%	-8.24%
Net Income Q/Q Growth	-3.84%	-0.91%	-20.96%	14.49%	17.81%	-24.27%	31.13%	6.29%	-0.88%	-8.24%
EPS Q/Q Growth	-2.51%	-1.07%	-21.21%	13.19%	16.99%	-24.69%	31.68%	7.11%	-0.39%	-7.65%
Operating Cash Flow Q/Q Growth	-1,105.96%	313.85%	26.88%	-33.92%	-52.14%	-30.98%	110.87%	-76.24%	-346.96%	253.65%
Free Cash Flow Firm Q/Q Growth	-87.16%	-1,318.66%	78.89%	298.46%	200.39%	-73.42%	-67.71%	-538.90%	-121.56%	29.17%
Invested Capital Q/Q Growth	15.90%	-6.22%	-7.14%	-0.31%	3.43%	5.59%	-1.79%	9.08%	10.90%	0.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.84%	22.56%	23.45%	25.46%	26.92%	25.13%	27.07%	27.87%	27.07%	24.63%
EBITDA Margin	16.95%	14.10%	14.03%	15.74%	17.41%	14.65%	17.65%	17.91%	16.93%	14.55%
Operating Margin	16.52%	13.75%	13.59%	15.32%	17.01%	14.19%	17.22%	17.49%	16.51%	14.15%
EBIT Margin	16.52%	13.75%	13.59%	15.32%	17.01%	14.19%	17.22%	17.49%	16.51%	14.15%
Profit (Net Income) Margin	12.99%	10.71%	10.30%	11.64%	13.29%	10.82%	13.19%	13.22%	12.73%	11.07%
Tax Burden Percent	78.99%	79.42%	75.79%	75.95%	78.11%	76.31%	76.60%	75.59%	77.09%	78.25%
Interest Burden Percent	99.58%	98.14%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.01%	20.58%	24.21%	24.05%	21.89%	23.69%	23.40%	24.41%	22.91%	21.75%
Return on Invested Capital (ROIC)	29.25%	29.75%	29.14%	31.28%	32.83%	25.38%	32.74%	32.13%	29.44%	26.36%
ROIC Less NNEP Spread (ROIC-NNEP)	27.25%	30.50%	29.14%	31.28%	32.83%	25.38%	32.74%	32.13%	29.44%	26.36%
Return on Net Nonoperating Assets (RNNOA)	0.43%	-5.47%	-6.50%	-7.29%	-6.78%	-6.35%	-10.42%	-10.22%	-8.81%	-8.07%
Return on Equity (ROE)	29.69%	24.28%	22.64%	24.00%	26.05%	19.03%	22.32%	21.91%	20.63%	18.28%
Cash Return on Invested Capital (CROIC)	21.00%	6.89%	22.92%	30.06%	39.13%	25.96%	23.74%	15.12%	6.42%	12.57%
Operating Return on Assets (OROA)	19.75%	16.33%	16.42%	17.68%	19.17%	14.79%	17.62%	17.81%	16.67%	14.87%
Return on Assets (ROA)	15.53%	12.73%	12.45%	13.43%	14.97%	11.29%	13.50%	13.46%	12.85%	11.64%
Return on Common Equity (ROCE)	29.69%	24.28%	22.64%	24.00%	26.05%	19.03%	22.32%	21.91%	20.63%	18.28%
Return on Equity Simple (ROE_SIMPLE)	24.44%	0.00%	22.99%	21.02%	20.22%	0.00%	18.96%	19.30%	18.82%	0.00%
Net Operating Profit after Tax (NOPAT)	132	133	103	118	139	105	138	147	145	133
NOPAT Margin	13.05%	10.92%	10.30%	11.64%	13.29%	10.82%	13.19%	13.22%	12.73%	11.07%
Net Nonoperating Expense Percent (NNEP)	2.00%	-0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	5.74%	-	-	-	3.92%	-	-	-	4.14%
Cost of Revenue to Revenue	73.16%	77.44%	76.55%	74.54%	73.08%	74.87%	72.93%	72.13%	72.93%	75.37%
SG&A Expenses to Revenue	10.33%	9.05%	10.00%	10.60%	10.47%	11.78%	10.51%	11.04%	11.15%	11.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.33%	8.81%	9.86%	10.14%	9.92%	10.94%	9.85%	10.38%	10.57%	10.48%
Earnings before Interest and Taxes (EBIT)	167	167	136	155	178	138	180	194	189	171
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	172	172	140	160	182	142	185	199	193	175
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.52	0.61	0.80	1.06	0.96	1.52	1.44	1.24	1.65	1.23
Price to Tangible Book Value (P/TBV)	0.52	0.62	0.81	1.06	0.97	1.53	1.45	1.24	1.66	1.24
Price to Revenue (P/Rev)	0.25	0.31	0.41	0.57	0.55	0.95	0.93	0.81	1.10	0.80
Price to Earnings (P/E)	2.12	2.58	3.48	5.02	4.76	8.24	7.59	6.41	8.77	6.42
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	47.09%	38.74%	28.75%	19.91%	20.99%	12.13%	13.18%	15.61%	11.40%	15.59%
Enterprise Value to Invested Capital (EV/IC)	0.59	0.67	0.87	1.20	1.07	1.86	1.82	1.47	2.02	1.47
Enterprise Value to Revenue (EV/Rev)	0.27	0.28	0.32	0.45	0.41	0.80	0.76	0.65	0.97	0.67
Enterprise Value to EBITDA (EV/EBITDA)	1.68	1.75	2.06	2.97	2.69	5.16	4.62	3.85	5.77	4.01
Enterprise Value to EBIT (EV/EBIT)	1.72	1.80	2.12	3.05	2.77	5.31	4.74	3.95	5.92	4.11
Enterprise Value to NOPAT (EV/NOPAT)	2.23	2.33	2.74	3.93	3.57	6.93	6.18	5.16	7.75	5.35
Enterprise Value to Operating Cash Flow (EV/OCF)	319.29	6.24	3.76	3.64	2.52	5.84	7.42	9.83	31.86	16.78
Enterprise Value to Free Cash Flow (EV/FCFF)	2.90	11.00	3.98	4.01	2.59	7.22	7.92	10.50	34.99	12.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.12	0.10	0.08	0.08	0.07	0.09	0.08	0.08	0.10
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.02	-0.18	-0.22	-0.23	-0.21	-0.25	-0.32	-0.32	-0.30	-0.31
Leverage Ratio	1.91	1.88	1.82	1.79	1.74	1.69	1.65	1.63	1.61	1.57
Compound Leverage Factor	1.90	1.85	1.82	1.79	1.74	1.69	1.65	1.63	1.61	1.57
Debt to Total Capital	8.90%	10.61%	9.29%	7.50%	7.64%	6.18%	7.83%	7.52%	7.64%	8.87%
Short-Term Debt to Total Capital	8.90%	10.61%	9.29%	7.50%	7.64%	6.18%	7.83%	7.52%	7.64%	8.87%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.10%	89.39%	90.71%	92.50%	92.36%	93.82%	92.17%	92.48%	92.36%	91.13%
Debt to EBITDA	0.29	0.37	0.33	0.29	0.31	0.27	0.34	0.31	0.33	0.38
Net Debt to EBITDA	0.11	-0.18	-0.55	-0.82	-0.89	-0.98	-1.05	-0.93	-0.76	-0.80
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.39	0.50	0.44	0.38	0.41	0.36	0.45	0.42	0.44	0.51
Net Debt to NOPAT	0.14	-0.24	-0.73	-1.08	-1.18	-1.31	-1.41	-1.25	-1.02	-1.07
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.11	2.33	2.64	2.95	2.93	3.53	3.46	3.28	3.74	3.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.11	0.55	1.02	1.22	1.35	1.61	1.61	1.41	1.24	1.48
Quick Ratio	0.11	0.55	1.02	1.22	1.35	1.61	1.61	1.41	1.24	1.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	21	-257	-55	108	325	86	28	-123	-271	-192
Operating Cash Flow to CapEx	-7,821.86%	3,633.73%	12,097.11%	386,488.37%	3,193.14%	4,749.22%	41,946.38%	500.75%	-11,714.14%	5,050.56%
Free Cash Flow to Firm to Interest Expense	30.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-132.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-133.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.19	1.21	1.15	1.13	1.04	1.02	1.02	1.01	1.05
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	134.76	110.03	115.13	118.49	120.11	111.48	115.63	116.09	120.80	129.76
Accounts Payable Turnover	11.28	13.05	13.09	10.79	11.80	13.92	13.90	11.25	12.31	16.40
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	32.36	27.96	27.88	33.82	30.93	26.23	26.26	32.45	29.64	22.26
Cash Conversion Cycle (CCC)	-32.36	-27.96	-27.88	-33.82	-30.93	-26.23	-26.26	-32.45	-29.64	-22.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,824	1,711	1,589	1,584	1,638	1,730	1,699	1,853	2,055	2,055
Invested Capital Turnover	2.24	2.73	2.83	2.69	2.47	2.34	2.48	2.43	2.31	2.38
Increase / (Decrease) in Invested Capital	111	390	158	9.70	-186	19	110	269	417	326
Enterprise Value (EV)	1,076	1,149	1,378	1,903	1,756	3,225	3,090	2,729	4,150	3,016
Market Capitalization	1,006	1,267	1,746	2,426	2,336	3,836	3,795	3,390	4,697	3,617
Book Value per Share	$69.80	$75.49	$78.91	$82.59	$87.26	$90.38	$94.07	$98.77	$103.80	$108.06
Tangible Book Value per Share	$69.21	$74.90	$78.31	$82.00	$86.67	$89.79	$93.48	$98.18	$103.20	$107.45
Total Capital	2,127	2,316	2,407	2,485	2,626	2,683	2,863	2,964	3,081	3,226
Total Debt	189	246	224	186	201	166	224	223	235	286
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	70	-117	-368	-524	-580	-611	-705	-661	-548	-601
Capital Expenditures (CapEx)	1.19	5.46	2.08	0.04	2.49	1.16	0.28	5.49	0.58	2.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-423	-322	-306	-363	-346	-290	-317	-372	-344	-268
Debt-free Net Working Capital (DFNWC)	-355	-10	236	306	391	443	553	465	376	554
Net Working Capital (NWC)	-544	-256	13	119	190	277	328	243	140	268
Net Nonoperating Expense (NNE)	0.55	2.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	-113	-360	-595	-715	-788	-787	-940	-888	-790	-884
Total Depreciation and Amortization (D&A)	4.35	4.35	4.40	4.27	4.23	4.48	4.47	4.61	4.82	4.81
Debt-free, Cash-free Net Working Capital to Revenue	-10.66%	-7.79%	-7.17%	-8.55%	-8.08%	-7.19%	-7.78%	-8.91%	-8.05%	-5.95%
Debt-free Net Working Capital to Revenue	-8.95%	-0.25%	5.53%	7.20%	9.13%	10.98%	13.55%	11.14%	8.80%	12.29%
Net Working Capital to Revenue	-13.72%	-6.19%	0.30%	2.81%	4.44%	6.87%	8.05%	5.81%	3.29%	5.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.76	$4.73	$3.73	$4.25	$4.98	$3.80	$4.92	$5.26	$5.26	$4.85
Adjusted Weighted Average Basic Shares Outstanding	27.62M	27.88M	27.60M	27.79M	27.91M	27.77M	28.05M	27.88M	27.64M	27.78M
Adjusted Diluted Earnings per Share	$4.67	$4.62	$3.64	$4.12	$4.82	$3.63	$4.78	$5.12	$5.10	$4.71
Adjusted Weighted Average Diluted Shares Outstanding	28.19M	28.46M	28.31M	28.62M	28.84M	28.72M	28.89M	28.67M	28.53M	28.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.43M	27.67M	27.83M	27.80M	27.85M	27.81M	27.75M	27.41M	27.21M	27.11M
Normalized Net Operating Profit after Tax (NOPAT)	132	133	103	118	139	105	138	147	145	133
Normalized NOPAT Margin	13.05%	10.92%	10.30%	11.64%	13.29%	10.82%	13.19%	13.22%	12.73%	11.07%
Pre Tax Income Margin	16.45%	13.49%	13.59%	15.32%	17.01%	14.19%	17.22%	17.49%	16.51%	14.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	238.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	188.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	236.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	186.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	19.29%	11.28%	7.96%	6.27%	8.21%	14.04%	18.11%	23.76%	28.18%	31.39%

Frequently Asked Questions About M/I Homes' Financials

When does M/I Homes's fiscal year end?

According to the most recent income statement we have on file, M/I Homes' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has M/I Homes' net income changed over the last 9 years?

M/I Homes' net income appears to be on an upward trend, with a most recent value of $563.73 million in 2024, rising from $51.76 million in 2015. The previous period was $465.37 million in 2023.

What is M/I Homes's operating income?

M/I Homes's total operating income in 2024 was $733.61 million, based on the following breakdown:

Total Gross Profit: $1.20 billion
Total Operating Expenses: $465.28 million

How has M/I Homes revenue changed over the last 9 years?

Over the last 9 years, M/I Homes' total revenue changed from $1.42 billion in 2015 to $4.50 billion in 2024, a change of 217.6%.

How much debt does M/I Homes have?

M/I Homes' total liabilities were at $1.61 billion at the end of 2024, a 6.9% increase from 2023, and a 96.6% increase since 2015.

How much cash does M/I Homes have?

In the past 9 years, M/I Homes' cash and equivalents has ranged from $0.00 in 2015 to $821.57 million in 2024, and is currently $821.57 million as of their latest financial filing in 2024.

How has M/I Homes' book value per share changed over the last 9 years?

Over the last 9 years, M/I Homes' book value per share changed from 24.20 in 2015 to 108.06 in 2024, a change of 346.5%.

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This page (NYSE:MHO) was last updated on 4/10/2025 by MarketBeat.com Staff

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M/I Homes (MHO) Financials

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