M/I Homes (MHO) AI Stock Analysis

• Market Cap: $3.35B
• Dividend Yield: N/A
• Average Volume (3M): 237.93K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.96
• Revenue Growth: 4.77%
• EPS Growth: -9.30%
• Country: US
• Employees: 1,760
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 3.92
• Shares Outstanding: 26,148,508
• 10 Day Avg. Volume: 234,709
• 30 Day Avg. Volume: 237,929
• PEG Ratio: 0.31
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 21.56
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 3.78
• Enterprise Value/Ebitda: 6.66
• 1Y Price Target: $170.00
• Price Target Upside: 31.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 16.3
• Revenue Forecast (FY): $4.36B

• Rating: 68 Neutral
• Price Target: $141.00 ▲(9.17% Upside)

M/I Homes' overall stock score is driven by its strong financial performance and attractive valuation, despite technical indicators suggesting bearish momentum. The company's robust balance sheet and low P/E ratio are significant strengths, while recent revenue declines and market momentum pose risks.

M/I Homes Business Overview & Revenue Model

Company Description

M/I Homes (MHO) is a leading builder of single-family homes in the United States, primarily focused on the residential construction sector. Established in 1976, the company operates in several key markets across the country, including major metropolitan areas. M/I Homes offers a variety of home designs and floor plans, catering to diverse customer needs, from first-time homebuyers to move-up and luxury buyers. The company is known for its commitment to quality construction and energy-efficient homes, which are built under the brand name 'M/I Homes.'

How the Company Makes Money

M/I Homes generates revenue primarily through the sale of newly constructed homes. Its revenue model is based on building and selling homes in various communities, with homes typically sold at a markup over construction costs. Key revenue streams include home sales, where the company earns margins on the homes sold, and additional income from options and upgrades that buyers select during the home buying process. The company also benefits from strategic partnerships with suppliers and subcontractors, which help manage costs and ensure quality. Additionally, M/I Homes may recognize revenue from the sale of land and lots, which further contributes to its overall earnings. The timing of home sales, housing market conditions, and interest rates also significantly impact the company's financial performance.

M/I Homes Financial Statement Overview

Summary

M/I Homes demonstrates strong profitability and a robust balance sheet with a low debt-to-equity ratio. However, the recent decline in revenue growth and fluctuations in free cash flow growth pose challenges.

Income Statement

M/I Homes has shown strong profitability with a consistent gross profit margin around 25% and a net profit margin above 10% over the years. However, the recent TTM data indicates a decline in revenue growth rate by 24.8%, which is a concern. Despite this, the company maintains healthy EBIT and EBITDA margins, reflecting operational efficiency.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.19 in the TTM period, indicating strong financial stability. Return on equity remains solid at 13.7%, though it has decreased from previous years. The equity ratio is strong, suggesting a well-capitalized structure.

Cash Flow

M/I Homes has demonstrated significant improvement in free cash flow growth at 82% in the TTM period, indicating better cash management. The operating cash flow to net income ratio is close to 1, showing efficient cash conversion. However, past fluctuations in free cash flow growth highlight potential volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.48B	4.50B	4.03B	4.13B	3.75B	3.05B
Gross Profit	1.11B	1.20B	1.01B	1.04B	908.91M	676.34M
EBITDA	627.98M	749.06M	601.72M	652.06M	532.63M	334.79M
Net Income	472.44M	563.73M	465.37M	490.66M	396.87M	239.87M
Balance Sheet
Total Assets	4.77B	4.55B	4.02B	3.71B	3.24B	2.64B
Cash, Cash Equivalents and Short-Term Investments	734.17M	821.57M	732.80M	311.54M	236.37M	260.81M
Total Debt	927.96M	1.04B	917.15M	999.52M	1.01B	924.35M
Total Liabilities	1.62B	1.61B	1.51B	1.64B	1.62B	1.38B
Stockholders Equity	4.77B	2.94B	2.52B	2.07B	1.62B	1.26B
Cash Flow
Free Cash Flow	248.38M	171.32M	546.36M	174.74M	-42.12M	156.66M
Operating Cash Flow	250.45M	179.74M	552.13M	184.07M	-16.82M	168.33M
Investing Cash Flow	-40.56M	-54.90M	-18.63M	-27.38M	-51.72M	-33.87M
Financing Cash Flow	-195.64M	-36.07M	-112.24M	-81.52M	44.10M	120.26M

M/I Homes Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 129.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MHO, the sentiment is Negative. The current price of 129.16 is below the 20-day moving average (MA) of 130.83, below the 50-day MA of 140.26, and above the 200-day MA of 123.16, indicating a neutral trend. The MACD of -3.32 indicates Negative momentum. The RSI at 43.79 is Neutral, neither overbought nor oversold. The STOCH value of 63.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MHO.

M/I Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPH	75 Outperform	$2.72B	9.37	9.47%	―	-16.60%	-29.85%
KBH	74 Outperform	$3.94B	8.54	13.04%	1.64%	-0.95%	-9.22%
GRBK	70 Outperform	$2.73B	8.25	20.37%	―	6.62%	-1.90%
MTH	69 Neutral	$4.72B	8.95	10.50%	2.48%	-6.06%	-32.39%
MHO	68 Neutral	$3.35B	7.58	15.76%	―	4.77%	-9.30%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LGIH	54 Neutral	$1.08B	10.31	5.21%	―	-20.62%	-45.74%

M/I Homes Corporate Events

M/I Homes Reports Mixed Q3 2025 Results

M/I Homes, Inc. is a prominent homebuilder specializing in single-family homes across various U.S. regions, including Ohio, Texas, and Florida, known for its diverse product offerings and strategic community locations.

M/I Homes Earnings Call: Mixed Results Amid Market Challenges

The recent earnings call for M/I Homes Inc. revealed a mixed sentiment, highlighting both significant achievements and notable challenges. The company demonstrated resilience in a tough market environment, showcasing strong performance in mortgage operations and maintaining a robust balance sheet. However, the decline in revenue and sales volume presented a challenge that cannot be overlooked.

M/I Homes Expands Credit Facility to $900 Million

On September 18, 2025, M/I Homes, Inc. amended its unsecured revolving credit facility, increasing lender commitments to $900 million and extending the maturity to 2030. The amendment also introduced an accordion feature allowing potential expansion to $1.05 billion, reduced the SOFR margin, and adjusted commitment fees based on leverage ratios, enhancing financial flexibility for the company.

The most recent analyst rating on (MHO) stock is a Buy with a $163.00 price target. To see the full list of analyst forecasts on M/I Homes stock, see the MHO Stock Forecast page.