M/I Homes, Inc. (MHO) AI Stock Analysis

M/I Homes, Inc. designs, builds, markets, and sells single-family homes across states including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through three segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Its homes serve diverse buyers, including first-time purchasers, millennials, move-up buyers, empty-nesters, and luxury seekers. In addition to home construction, M/I Homes develops land from raw acreage into lots for its own use and for sale to other builders. Its Financial Services arm originates mortgage loans and provides title examination, closing, and title insurance services.

Revenue expanded at a 5-year CAGR of 7.7% through FY2025, peaking at $4.50B in FY2024 before declining 1.9% to $4.42B in FY2025. Gross margin contracted from 26.6% in FY2024 to 23.0% in FY2025, while operating margin fell from 15.7% to 11.5%. Net income declined from $563.7M in FY2024 to $402.9M in FY2025, with EPS dropping to $14.71. For the trailing twelve months ended June 30, 2026, revenue stood at $4.26B with EPS of $11.91. In the latest quarter ended June 30, 2026, quarterly revenue fell 8.5% year-over-year, and quarterly earnings decreased 31.7%.

As of June 30, 2026, M/I Homes held $735.9M in cash and short-term investments against total debt of $1.00B, resulting in net debt of $267.1M. Shareholders' equity was $3.23B, yielding a debt-to-equity ratio of 0.31 and a current ratio of 3.94. In FY2025, operating cash flow was $130.3M and free cash flow reached $120.7M. Capital expenditures totaled $9.6M, while share buybacks amounted to $202.0M. The company's share count has declined 11.5% over the past 5 years.

M/I Homes trades at a trailing P/E of 10.5x and a forward P/E of 11.9x, both below the US-listed Consumer Cyclical peer group medians of 18.0x and 14.1x, respectively. Its enterprise value to EBITDA multiple is 8.4x compared to 11.1x for its sector peers, while price-to-sales matches the peer median at 0.7x. Over the past year, MHO returned -7.9%, underperforming the S&P 500 return of 16.8%. Over a 5-year span, however, MHO gained 110.1%, outperforming the S&P 500 return of 83.0%.

Wall Street analysts hold a constructive stance on MHO, with 2 Strong Buy, 1 Buy, and 1 Hold ratings. The mean price target is $170.67, representing a 37.1% upside from the last close of $124.48. For the fiscal year ending December 31, 2026, analysts estimate revenue of $4.18B and EPS of $12.19, reflecting an EPS contraction of 17.3%. For FY2027, 4 analysts project revenue to rebound 4.1% to $4.36B with EPS growing 15.5% to $14.08. Over the last four quarters, the company beat EPS estimates 1 time. The next earnings date is October 21, 2026.

This page is an AI-written research summary of M/I Homes, Inc. (MHO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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