M/I Homes (MHO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

M/I Homes

NYSE•Consumer Cyclical•Residential Construction

$138.84-2.32(-0.02%)Market closed

Market Cap

$3.56B

P/E

11.2x

P/S

0.8x

P/B

1.1x

M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Cash & Earnings Quality (17/25); weakest: Growth (6/25).

Profitability11/25

Growth6/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality17/25

Strengths

Rising free cash flowInterest easily coveredNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.2x5y range 2.1x – 11.2x

Currently above its 20-quarter median.

P/S · 0.8x5y range 0.3x – 1.1x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.5x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 34.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $3.56B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.26B
Q. Revenue: $1.06B
TTM EBITDA: $428.57M
TTM Op. Income: $397.25M
Q. Op. Income: $101.28M
TTM Net Income: $317.36M
Q. Net Income: $79.07M
EPS: $3.08
Shares Out.: $25.67M

$4.26B in TTM revenue declined 5.0% YoY, reaching $1.06B last quarter. TTM EBITDA of $428.57M and TTM operating income of $397.25M show growth is flowing through to the bottom line. TTM net income of $317.36M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.1%
EBITDA Margin: 9.9%
Op. Margin: 9.5%
Net Margin: 7.4%

Op. margin of 9.5% is down 3.9% YoY — costs are rising relative to revenue. Net margin at 7.4% and gross margin of 22.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.2x
P/S Ratio: 0.8x
P/B Ratio: 1.1x

At 11.2x P/E, the stock trades below typical market levels. P/S of 0.8x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.86B
Cash: $735.94M
Long-Term Debt: N/A
Book Value: $3.23B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $36.81M
TTM Free Cash Flow: $196.06M
FCF Margin: 4.6%
FCF / Net Income: 0.6

TTM FCF of $196.06M on $36.81M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 48% — a weakening trend.