The financials
M/I Homes, Inc. by the numbers
M/I Homes, Inc. (MHO) reported revenue of $1.06B in Q2 2026 (quarter ended June 30, 2026), down 8.5% from the same quarter a year earlier. That came with a gross margin of 22% and net income of $79M (7.4% of revenue). For the full year FY2025, revenue was $4.42B (−1.9% year on year) and net income $403M. Its largest product in 2026-Q1 was Construction at $879M, 95% of the disclosed total, just ahead of Financial Service at 3.4%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.06B | $1.16B | −8.5% |
| Gross profit | $235M | $287M | −18% |
| Operating income | $101M | $156M | −35% |
| Net income | $79M | $121M | −35% |
| Diluted EPS | $3.02 | $4.42 | −32% |
| Product | Revenue | Share |
|---|---|---|
| Construction | $879M | 95% |
| Financial Service | $31M | 3.4% |
| Land | $11M | 1.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $920.7M (-19%)
Land grew +139% year on yearConstruction -6.5% year on year
Segment Latestquarter on quarteryear on year
- Construction$878.6M$878.6MQoQ -20%year on year -6.5%-20%-6.5%
- Financial Service$31.2M$31.2MQoQ -9.9%year on year -0.92%-9.9%-0.92%
- Land$10.9M$10.9MQoQ +530%year on year +139%+530%+139%
Residential Construction
Ranks #10 of 14 by Smart Score