The financials
M/I Homes, Inc. by the numbers
M/I Homes, Inc. (MHO) reported revenue of $1.06B in Q2 2026 (quarter ended Jun 30, 2026), down 8.5% from the same quarter a year earlier. That came with a gross margin of 22% and net income of $79M (7.4% of revenue). For the full year FY2025, revenue was $4.42B (−1.9% year on year) and net income $403M. Its largest product in Q2 2026 was Construction at $1.01B, 95% of the disclosed total, well ahead of Financial Service at 3.0%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.06B | $1.16B | −8.5% |
| Gross profit | $235M | $287M | −18% |
| Operating income | $101M | $156M | −35% |
| Net income | $79M | $121M | −35% |
| Diluted EPS | $3.02 | $4.42 | −32% |
| Product | Revenue | Share |
|---|---|---|
| Construction | $1.01B | 95% |
| Financial Service | $32M | 3.0% |
| Land | $19M | 1.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.06B (+15%)
Land grew +184% year on yearConstruction -10% year on year
Segment Latestquarter on quarteryear on year
- Construction$1.01B$1.01BQoQ +15%year on year -10%+15%-10%
- Financial Service$32.3M$32.3MQoQ +3.5%year on year +2.8%+3.5%+2.8%
- Land$18.9M$18.9MQoQ +74%year on year +184%+74%+184%
Residential Construction
Ranks #6 of 10 by Smart Score