M/I Homes (NYSE: MHO) financial statements
The consolidated income statement, balance sheet and cash flow statement of M/I Homes for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $4,777m in total assets and $3,166m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4,418m | $4,505m | $4,034m | $4,131m | $3,746m | $3,046m | $2,500m | $2,286m | $1,962m | $1,691m |
| Cost of sales | $3,401m | $3,306m | $3,015m | $3,088m | $2,837m | $2,361m | $2,006m | $1,837m | $1,561m | — |
| Gross profit | $1,017m | $1,199m | $1,019m | $1,044m | $908.9m | $684.8m | $494.4m | $449.6m | $400.9m | — |
| Operating profit | $506.6m | $706.1m | $587.2m | $637.5m | $518.3m | $319.3m | $187.1m | $163.2m | $138.7m | $108.7m |
| Finance costs | — | — | $20.0m | $2.3m | $2.2m | $9.7m | $21.4m | $20.5m | $18.9m | $17.6m |
| Income tax | $123.6m | $169.9m | $141.9m | $144.5m | $112.2m | $70.2m | $38.4m | $33.6m | $48.2m | $35.2m |
| Net profit | $402.9m | $563.7m | $465.4m | $490.7m | $396.9m | $239.9m | $127.6m | $107.7m | $72.1m | $56.6m |
| Earnings per share | $15.07 | $20.29 | $16.76 | $17.60 | $13.64 | $8.38 | $4.58 | $3.81 | $2.57 | $2.10 |
| Diluted earnings per share | $14.74 | $19.71 | $16.21 | $17.24 | $13.28 | $8.23 | $4.48 | $3.70 | $2.26 | $1.84 |
| Depreciation and amortisation | $18.9m | $17.4m | $15.8m | $17.2m | $16.9m | $17.6m | $16.0m | $14.5m | $14.2m | $13.6m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $4,777m | $4,550m | $4,022m | $3,715m | $3,240m | $2,643m | $2,106m | $2,022m | $1,865m | $1,549m |
| Property, plant and equipment | $34.3m | $34.5m | $34.9m | $37.4m | $37.6m | $26.6m | $22.1m | $29.4m | $26.8m | $22.3m |
| Goodwill | $16.4m | $16.4m | $16.4m | $16.4m | $16.4m | $16.4m | $16.4m | $16.4m | $0.0m | — |
| Cash | $689.2m | $821.6m | $732.8m | $311.5m | $236.4m | $260.8m | $6.1m | $21.5m | $151.7m | $34.4m |
| Total liabilities | $1,611m | $1,610m | $1,506m | $1,644m | $1,616m | $1,384m | $1,102m | $1,166m | $1,117m | $894.3m |
| Equity | $3,166m | $2,940m | $2,517m | $2,071m | $1,624m | $1,259m | $1,003m | $855.3m | $747.3m | $654.2m |
| Equity including minorities | $3,166m | $2,940m | $2,517m | $2,071m | $1,624m | $1,259m | $1,003m | $855.3m | $747.3m | $654.2m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $137.3m | $179.7m | $552.1m | $184.1m | −$16.8m | $168.3m | $65.6m | −$2.6m | −$53.2m | $34.2m |
| Investing cash flow | −$59.7m | −$54.9m | −$18.6m | −$27.4m | −$51.7m | −$33.9m | −$27.6m | −$134.0m | −$9.2m | −$31.6m |
| Financing cash flow | −$210.0m | −$36.1m | −$112.2m | −$81.5m | $44.1m | $120.3m | −$53.5m | $6.4m | $179.6m | $18.8m |
| Capital expenditure | −$9.6m | −$8.4m | −$5.8m | −$9.3m | −$25.3m | −$11.7m | −$4.5m | −$8.1m | −$8.8m | −$13.1m |
| Dividends paid | — | — | — | — | — | — | $0.0m | $0.0m | −$3.7m | −$4.9m |
Where each figure comes from
From the annual report (Form 10-K) that M/I Homes files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the M/I Homes page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.