NYSE$MHO

M/I Homes Inc. · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

M/I Homes reported Q4 2025, revenue of $1.10B, net income of $64M, diluted EPS of $2.39.

For Q4 2025, M/I Homes reported revenue of $1.10B, net income of $64M, diluted EPS was $2.39. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $1.10B.
  • Net income $64M.
  • Diluted EPS $2.39.

Headline financials

Total Revenue

$1.1B

Previous: $1.21B-8.7%
EPS (adj)

$2.39

Previous: $4.71-49.3%
Total net new contracts

1.9K

Previous: 1.8K+9.2%
Northern region contracts

736

Previous: 707+4.1%
Southern region contracts

1.2K

Previous: 1.1K+12.6%
Total homes delivered

2.3K

Previous: 2.4K-4.2%
Northern homes delivered

981

Previous: 1.1K-7.8%
Southern homes delivered

1.3K

Previous: 1.3K-1.3%
Total backlog units

1.8K

Previous: 2.5K-28.5%
Total backlog sales value

$990M

Previous: $1.4B-29.3%
Avg. sales price in backlog

$547K

Previous: $553K-1.1%
Avg. active communities

233

Previous: 219+6.4%
Cancellation rate

10.0%

Previous: 14.0%-28.6%
Avg. home closing price

$484K

Previous: $490K-1.2%
Homebuilding debt to capital ratio

18.0%

Previous: 19.0%-5.3%
Northern backlog units

836

Previous: 1.1K-26.4%
Northern backlog sales value

$476M

Previous: $637M-25.3%
Northern avg. sales price

$569K

Previous: $561K+1.4%
Southern backlog units

973

Previous: 1.4K-30.3%
Southern backlog sales value

$514M

Previous: $763M-32.6%
Southern avg. sales price

$528K

Previous: $547K-3.5%
Total lots owned

25.7K

Previous: 23.8K+7.6%
Lots under contract

24.3K

Previous: 28.3K-14.1%
Total land position

50.0K

Previous: 52.2K-4.2%
Net Income

$64M

Previous: $133M-52.0%
Operating Income

$74.6M

Previous: $164M-54.5%
Gross Profit

$208M

Previous: $297M-30.0%

Revenue & EPS history

M/I Homes · Revenue · Quarterly

$1.1B

Q4 2025-8.7%vs Q4 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

M/I Homes · $1.04B total across 3 segments · Q2 2022

  • Housing revenue
    $1.02B+9.2%
  • Financial services
    $19.4M-32.3%
  • Land revenue
    $3.37M

Forward guidance

The release discusses M/I Homes's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • M/I Homes cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.2%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+4.4%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+14.8%

Q2 2019

Best reaction

-13.9%

Q4 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%+4.1%+0.7%
Q4 2025+2.8%+3.9%+10.5%
Q3 2025-5.9%-8.5%-6.9%
Q2 2025-1.3%-1.1%+6.5%
Q1 2025-3.6%-3.8%-2.7%
Q4 2024-5.0%-10.7%-13.4%
Q3 2024-1.2%+1.6%+7.5%
Q2 2024+0.1%-7.7%-5.1%
Q1 2024+0.7%+1.5%+4.5%
Q4 2023-4.6%-8.6%-2.9%
Q3 2023+5.1%+4.7%+35.8%
Q2 2023+3.7%+6.6%-3.7%
Q1 2023+2.7%+2.5%+9.0%
Q4 2022+5.7%+2.0%+0.5%
Q3 2022-1.5%-2.3%+3.8%
Q2 2022+3.2%+1.2%-1.1%
Q1 2022-0.3%+3.2%+4.7%
Q4 2021-1.3%-5.6%-2.5%
Q3 2021-6.3%-4.4%-5.5%
Q2 2021+10.5%+10.2%+12.2%
Q1 2021+13.0%+14.6%+14.3%
Q4 2020+0.6%+5.8%-0.5%
Q3 2020+1.2%+2.3%+8.9%
Q2 2020+10.0%+7.6%+12.0%
Q1 2020+9.3%+8.8%+43.7%
Q4 2019-2.0%-3.3%-16.8%
Q3 2019+13.1%+9.6%+7.6%
Q2 2019+14.8%+21.0%+24.7%
Q1 2019-1.7%-1.9%+0.3%
Q4 2018+9.6%+6.0%-0.1%
Q3 2018+4.0%+3.6%+9.0%
Q2 2018+0.1%-2.1%+0.2%
Q1 2018-1.5%-5.1%-11.0%
Q4 2017-1.5%-1.5%-7.8%
Q3 2017+7.5%+12.8%+23.1%
Q2 2017-3.2%-4.4%-9.6%
Q1 2017+9.6%+9.1%+13.3%
Q4 2016-5.0%-6.4%-2.5%
Q3 2016-3.4%-4.7%+5.1%
Q2 2016+11.1%+9.2%+11.9%
Q1 2016+0.0%
Q4 2015-0.6%
Q3 2015-6.4%
Q2 2015-3.6%
Q1 2015-0.6%
Q4 2014-1.7%
Q3 2014+1.2%
Q2 2014-6.1%
Q1 2014+3.5%
Q4 2013-2.8%
Q3 2013+8.0%
Q2 2013-5.8%
Q1 2013+7.7%
Q4 2012-13.9%
Q3 2012-4.3%
Q2 2012+4.9%
Q1 2011-2.9%
Q1 2012+11.0%
Q4 2009-1.7%
Q2 2011-1.7%
Q4 2011-1.7%
Q3 2011+2.8%
Q3 2010+2.8%
Q2 2010-3.5%
Q4 2010-3.5%
Q1 2010+6.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro