M/I Homes (NYSE:MHO) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

M/I Homes (NYSE:MHO) issued its earnings results on Wednesday. The construction company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.03, FiscalAI reports. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.M/I Homes’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.71 EPS.

Here are the key takeaways from M/I Homes’ conference call:

• Company ended 2025 with a very strong balance sheet — $689 million cash, zero revolver borrowings, a 18% debt-to-cap ratio, record shareholders’ equity of $3.2 billion, and $200 million of buybacks executed in 2025 with $220 million remaining authority.
• Financial services and mortgage operations were a tailwind, delivering a record capture rate (~93–94%) and $56 million pre-tax income for the year, with the company using sub-5% 30-year fixed and temporary buydowns to stimulate demand.
• Margins were pressured — full-year gross margin (ex-charges) fell to 24.4% (down ~220 bps), and the company took $59 million of inventory and warranty charges (including $30 million of impairments concentrated in entry-level communities), contributing to a ~20% decline in pre-tax income versus 2024.
• Operationally, Q4 new contracts rose 9% YoY, deliveries were 2,301, and the company ended with 232 active communities (up ~5%), while ~60–75% of sales remain spec-driven — management expects average community count up ~5% in 2026 but notes demand and margin trends remain uncertain.

M/I Homes Trading Up 2.8%

Shares of MHO stock opened at $132.21 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.15 and a quick ratio of 1.59. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 7.76 and a beta of 1.75. M/I Homes has a 1 year low of $100.22 and a 1 year high of $158.92. The firm has a fifty day moving average price of $132.92 and a 200-day moving average price of $134.79.

M/I Homes declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 12th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

MHO has been the subject of several research reports. Raymond James Financial boosted their price objective on shares of M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Citizens Jmp started coverage on shares of M/I Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. Finally, Citigroup assumed coverage on M/I Homes in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.00.

Institutional Trading of M/I Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in shares of M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after acquiring an additional 166 shares during the period. WealthCollab LLC lifted its holdings in M/I Homes by 16.5% during the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in M/I Homes by 15.9% during the second quarter. Smartleaf Asset Management LLC now owns 876 shares of the construction company’s stock valued at $99,000 after purchasing an additional 120 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of M/I Homes in the first quarter worth approximately $114,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.