M/I Homes Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	4,292	4,388	3,940	4,045	3,644
Other Revenue	125.46	116.21	93.83	86.2	102.03
Revenue	4,418	4,505	4,034	4,131	3,746
Revenue Growth (YoY)	-1.93%	11.68%	-2.37%	10.29%	22.97%
Cost of Revenue	3,353	3,306	3,015	3,088	2,837
Gross Profit	995.06	1,132	963.45	1,039	905
Selling, General & Admin	453.34	439.97	386.59	406.39	390.62
Operating Expenses	453.34	439.97	386.59	406.39	390.62
Operating Income	541.72	692.4	576.86	632.33	514.38
Interest & Investment Income	32.54	41.21	30.38	2.87	1.76
Earnings From Equity Investments	-	-	0.03	0.01	2.05
EBT Excluding Unusual Items	574.26	733.61	607.28	635.21	518.19
Asset Writedown	-47.67	-	-	-	-
Other Unusual Items	-	-	-	-	-9.07
Pretax Income	526.59	733.61	607.28	635.21	509.11
Income Tax Expense	123.65	169.88	141.91	144.55	112.25
Net Income	402.94	563.73	465.37	490.66	396.87
Net Income to Common	402.94	563.73	465.37	490.66	396.87
Net Income Growth	-28.52%	21.14%	-5.16%	23.63%	65.45%
Shares Outstanding (Basic)	27	28	28	28	29
Shares Outstanding (Diluted)	27	29	29	28	30
Shares Change (YoY)	-4.41%	-0.40%	0.89%	-4.74%	2.50%
EPS (Basic)	15.07	20.29	16.76	17.60	13.64
EPS (Diluted)	14.74	19.71	16.21	17.24	13.28
EPS Growth	-25.22%	21.59%	-5.97%	29.82%	61.36%
Free Cash Flow	127.74	171.32	546.36	174.74	-42.12
Free Cash Flow Per Share	4.67	5.99	19.03	6.14	-1.41
Gross Margin	22.52%	25.14%	23.89%	25.14%	24.16%
Operating Margin	12.26%	15.37%	14.30%	15.30%	13.73%
Profit Margin	9.12%	12.51%	11.54%	11.88%	10.60%
Free Cash Flow Margin	2.89%	3.80%	13.55%	4.23%	-1.13%
EBITDA	558.39	707.85	591.36	646.94	528.72
EBITDA Margin	12.64%	15.71%	14.66%	15.66%	14.12%
D&A For EBITDA	16.67	15.45	14.49	14.61	14.33
EBIT	541.72	692.4	576.86	632.33	514.38
EBIT Margin	12.26%	15.37%	14.30%	15.30%	13.73%
Effective Tax Rate	23.48%	23.16%	23.37%	22.76%	22.05%

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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