M/I Homes demonstrated resilience with record revenue and strong balance sheet metrics despite facing challenges such as declining new contracts and lower gross margins due to the tough macroeconomic environment and higher interest rates.

Company Guidance

During the M/I Homes Second Quarter Earnings Conference Call, the company reported record second-quarter revenue of $1.2 billion, a 5% increase from the previous year, and a record delivery of 2,348 homes, marking a 6% rise. The company's gross margin stood at 25%, with a pretax income of $160.1 million, representing a 14% return, and a 17% return on equity. Despite an 8% year-over-year decline in new contracts, the monthly sales pace was sustained at three homes per community. The company highlighted the strategic use of mortgage rate buydowns to mitigate challenging market conditions driven by high interest rates, which affected consumer confidence. M/I Homes ended the quarter with a robust balance sheet, showcasing $3.1 billion in equity, a debt-to-capital ratio of 18%, and $800 million in cash. The average community count increased by 5% from 2024, with a total of 234 communities. The mortgage division reported a slight pretax income increase to $14.5 million, with a 92% capture rate of the business in the second quarter.

Record Second Quarter Revenue and Homes Delivered

M/I Homes achieved record second quarter revenue of $1.2 billion, a 5% increase from the previous year, and delivered a record 2,348 homes, a 6% increase compared to a year ago.

Strong Balance Sheet

The company ended the second quarter with an all-time record $3.1 billion of equity, a book value per share of $117 (up 17% from a year ago), and $800 million in cash with no borrowings under its revolving credit facility, resulting in a net debt-to-capital ratio of negative 3%.

Community Growth and Land Position

M/I Homes increased its community count to 234, up from 211 a year ago, and remains on track for a 5% growth in average community count for 2025. The company owns approximately 24,500 lots and controls 26,000 additional lots, equating to a 5- to 6-year supply.

Mortgage and Title Operations Performance

The mortgage and title operations achieved a slight increase in pretax income to $14.5 million, with revenue increasing by 2% to a record $31.5 million for the second quarter.

M/I Homes (MHO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MHO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	4.36 / -	5.1	―	―	―
Jul 23, 2025	2025 (Q2)	4.43 / 4.42	5.12	-13.67% (-0.70)
Apr 23, 2025	2025 (Q1)	4.16 / 3.98	4.78	-16.74% (-0.80)	―
Jan 29, 2025	2024 (Q4)	4.83 / 4.71	3.66	28.69% (+1.05)	―
Oct 30, 2024	2024 (Q3)	4.94 / 5.10	4.82	5.81% (+0.28)	―
Jul 30, 2024	2024 (Q2)	4.59 / 5.12	4.12	24.27% (+1.00)	―
Apr 24, 2024	2024 (Q1)	3.96 / 4.78	3.64	31.32% (+1.14)	―
Jan 31, 2024	2023 (Q4)	4.94 / 3.66	5.15	-28.93% (-1.49)	―
Oct 25, 2023	2023 (Q3)	4.27 / 4.82	4.67	3.21% (+0.15)	―
Jul 26, 2023	2023 (Q2)	2.45 / 4.12	4.79	-13.99% (-0.67)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MHO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$123.33	$123.94	+0.49%
Apr 23, 2025	$109.33	$105.39	-3.60%
Jan 29, 2025	$135.26	$128.44	-5.04%
Oct 30, 2024	$153.45	$153.00	-0.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does M/I Homes (MHO) report earnings?

M/I Homes (MHO) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is M/I Homes (MHO) earnings time?

M/I Homes (MHO) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MHO EPS forecast?

MHO EPS forecast for the fiscal quarter 2025 (Q3) is 4.36.

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