M/I Homes, Inc.
MHO
Jodie read · what matters now
The stock trades at a P/E of 10.3x while revenue fell 1.9% to $4.4B and operating margin slid to 11.5%, leaving a wide range of outcomes depending on what multiple the market assigns.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to MHO, and whether its market group begins moving.
Earlier comparable assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-24 against the comparable filing from 2025-04-25.
A newer Struct brief is shown above. This older assessment remains here for comparison, not as the current read.
What improved
- Operating cash flow covered net income at 2.00x, improving versus the comparable period.
What weakened
- Revenue decreased 5.7% versus the comparable filing period.
- Operating margin fell 5.1 percentage points.
- Net income decreased 39.0% versus the comparable filing period.
Filing receipts
“The a verage sales price in backlog increased approximately 3% to $570,000 at March 31, 2026 compared to 31 $556,000 at March 31, 2025 primarily due to the mix of homes being sold.”
“Average sales price in backlog decreased to $503,000 at March 31, 2026 from $540,000 at March 31, 2025 primarily due to the mix of homes being sold.”
“This increase in cash was primarily due to the timing of land spend, lower inventory investment and the proceeds from mortgage loan sales exceeding originations, partially offset by a decline in home deliveries compared to prior year.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind MHO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 6 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
MHO is currently a Participant in the organic co-movement group Residential Construction & Building Products. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.