Education
About Us
Working with TipRanks
Follow Us
M/I Homes (MHO)
NYSE:MHO
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.9Last Year’s EPS
3.98Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced message: the company emphasized a very strong balance sheet, record equity, solid liquidity, mortgage/financial services strength, community growth and operational improvements, while also acknowledging meaningful margin compression, $59 million of inventory/warranty charges (concentrated in entry-level communities), and a decline in EPS and pretax income versus the prior year. Management highlighted improving order trends late in the year (Q4 new contracts +9% YoY and southern region strength) and expects to leverage flexibility in lot control and continued execution to navigate 2026, but cautioned margins remain under pressure.Company Guidance
Strong Balance Sheet and Liquidity
Ended 2025 with $689 million cash, zero borrowings under a $900 million revolver, a debt-to-capital ratio of 18% and net debt-to-capital of 0%, positioning the company in its 'best financial condition' in history.
Record Shareholders' Equity and Book Value
Shareholders' equity reached an all-time high of $3.2 billion, up 8% year-over-year, with record book value per share of $123.
Solid Profitability Despite Headwinds
Full-year pretax income (excluding $59 million of inventory and warranty charges) was nearly $590 million, representing a 13% pretax margin pre-charges and a 12% pretax margin after charges.
Deliveries, Revenue and EBITDA
Delivered 8,921 homes in 2025 and reported full-year revenue of $4.4 billion; generated approximately $608 million of EBITDA for the full year.
Fourth-Quarter Order Momentum
New contracts improved in Q4 with a 9% year-over-year increase for the quarter (monthly: Oct +18%, Nov +6%, Dec +4%), and Q4 sales pace improved to 2.8 from 2.7 year-over-year; southern region Q4 orders increased 13% and northern region +4%.
Mortgage & Financial Services Performance
Financial services delivered record capture rates (93% for the year, mortgage capture 94% in Q4), record volume levels and pretax income of $56 million for the year; Q4 mortgage/title pretax income was $8.5 million.
Share Repurchases and Capital Return
Repurchased $200 million of stock in 2025 (including $50 million in Q4), have $220 million remaining repurchase authority, and have bought ~13% of outstanding shares over the last three years.
Operational Improvements
Construction costs improved (~2% reduction year-over-year) and cycle time shortened by ~5%, supporting margin management and execution; average buyer credit score remained strong at 747 with average down payments near 17% (~$90,000).
Inventory and Lot Supply Flexibility
Company owns ~26,000 lots and controls an additional ~24,000 via options (total ~50,000 lots — roughly a 5–6 year supply); 49% of lots are option-controlled, providing flexibility to react to demand.
Community Growth and Store Openings
Ended 2025 with 232 active communities (up from 220, ~5% increase), opened 81 new communities during the year, and expect average 2026 community count to be ~5% higher.
MHO Earnings History
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 |
|---|---|---|---|
Jan 28, 2026 | $128.60 | $132.36 | +2.92% |
Oct 22, 2025 | $140.30 | $131.69 | -6.14% |
Jul 23, 2025 | $123.33 | $123.94 | +0.49% |
Apr 23, 2025 | $109.33 | $105.39 | -3.60% |
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 Apr 29, 2026, Before Open (Confirmed).
What is M/I Homes (MHO) earnings time?
M/I Homes (MHO) earnings time is at Apr 29, 2026, 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 2026 (Q1) is 2.9.