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M/I Homes (MHO) investor relations material
M/I Homes Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Celebrated 50th anniversary, reporting best financial condition in company history and strong leadership across 17 markets.
Fourth quarter 2025 saw new contracts rise 9% year-over-year to 1,921, but homes delivered fell 4% to 2,301 and revenue declined 5% to $1.1 billion.
Full-year 2025 new contracts decreased 4% to 8,199, homes delivered dropped 1% to 8,921, and revenue slipped 2% to $4.4 billion.
Ended 2025 with increased community count, strong land position, and positive momentum entering 2026.
Navigated 2025's choppy demand, affordability challenges, and macroeconomic pressures with solid performance and disciplined growth.
Financial highlights
Delivered 8,921 homes and generated $4.4 billion in revenue for 2025.
Pre-tax income, excluding $59 million in inventory and warranty charges, was nearly $590 million, down 20% year-over-year.
Net income was $403 million ($14.74 per share), with return on equity at 13.1%.
Shareholders’ equity reached a record $3.2 billion, with book value per share at $123.
Fourth quarter EPS dropped to $2.39 from $4.71 year-over-year; full-year EPS down 25%.
Outlook and guidance
Expect average 2026 community count to be about 5% higher than 2025.
No specific margin guidance provided, but focus remains on cost control, cycle time, and new community openings.
Optimism for improved demand and stable margins in early 2026.
- TimeTickerHeadlineOpen
- 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway. - 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRI
Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects. - 6 FebNVDA
AI-driven digital twins and real-time simulation will transform engineering and manufacturing. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position. - 6 FebCPT
2025 results beat guidance; Sun Belt focus, asset sales, and share buybacks drive 2026 strategy. - 6 FebCRI
H1 2025 saw a return to profit, record revenues, and strong cash from major space projects. - 6 FebSCW
Q2 2025 revenue up 120% y/y, driven by record Asian contract and backlog growth.
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