M/I Homes (NYSE:MHO) Releases Earnings Results, Beats Estimates By $0.03 EPS

M/I Homes (NYSE:MHO) released its quarterly earnings data on Wednesday. The construction company reported $3.91 EPS for the quarter, topping the consensus estimate of $3.88 by $0.03, FiscalAI reports. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $4.71 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis.

Here are the key takeaways from M/I Homes’ conference call:

• Company ended 2025 with a very strong balance sheet — $689 million cash, zero revolver borrowings, a 18% debt-to-cap ratio, record shareholders’ equity of $3.2 billion, and $200 million of buybacks executed in 2025 with $220 million remaining authority.
• Financial services and mortgage operations were a tailwind, delivering a record capture rate (~93–94%) and $56 million pre-tax income for the year, with the company using sub-5% 30-year fixed and temporary buydowns to stimulate demand.
• Margins were pressured — full-year gross margin (ex-charges) fell to 24.4% (down ~220 bps), and the company took $59 million of inventory and warranty charges (including $30 million of impairments concentrated in entry-level communities), contributing to a ~20% decline in pre-tax income versus 2024.
• Operationally, Q4 new contracts rose 9% YoY, deliveries were 2,301, and the company ended with 232 active communities (up ~5%), while ~60–75% of sales remain spec-driven — management expects average community count up ~5% in 2026 but notes demand and margin trends remain uncertain.

M/I Homes Trading Up 2.8%

NYSE:MHO opened at $132.21 on Thursday. The company has a 50-day moving average price of $132.92 and a 200-day moving average price of $134.79. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 7.76 and a beta of 1.75. The company has a current ratio of 7.15, a quick ratio of 1.59 and a debt-to-equity ratio of 0.29. M/I Homes has a 12 month low of $100.22 and a 12 month high of $158.92.

Institutional Trading of M/I Homes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WealthCollab LLC grew its holdings in shares of M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after acquiring an additional 87 shares during the period. Private Advisor Group LLC boosted its position in shares of M/I Homes by 3.0% during the third quarter. Private Advisor Group LLC now owns 3,027 shares of the construction company’s stock valued at $437,000 after purchasing an additional 89 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in M/I Homes by 15.9% in the second quarter. Smartleaf Asset Management LLC now owns 876 shares of the construction company’s stock worth $99,000 after purchasing an additional 120 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after purchasing an additional 135 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in M/I Homes by 53.7% during the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after buying an additional 166 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes declared that its Board of Directors has approved a stock buyback program on Wednesday, November 12th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

MHO has been the subject of several recent research reports. Citigroup began coverage on M/I Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Raymond James Financial upped their price target on shares of M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Citizens Jmp assumed coverage on shares of M/I Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.00.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.