M/I Homes, Inc. (MHO) Stock Price & Analysis
M/I Homes, Inc. (MHO) closed at USD 123.3 on Thursday, October 22, 2026, up 8.12% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 114.04; the Oct 22, 2026 session ranged USD 113.78–123.89 on volume of 727,758 shares. Market capitalization is $3.12B, with a 52-week range of USD 113.4–163.66 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:18 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MHO.md
Key facts (MHO)
- Last four reported quarters (through Jun 30, 2026): revenue $4.26B, net income $317M (7.4% margin), free cash flow $196M (SEC filings).
- Valuation: P/E 9.8x (avg 8.0x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $7.7M; 3 not under a Rule 10b5-1 plan ($7.7M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 162.33 (range 150–172).
- Total return with dividends: 1Y -6.7% vs S&P 500 +14.9%; 5Y +99.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 2.62, revenue estimate $1.09B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MHO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.75B | $4.13B | $4.03B | $4.50B | $4.42B | $4.26B |
| Gross profit | $909M | $1.04B | $1.02B | $1.20B | $1.02B | — |
| Operating income | $518M | $637M | $587M | $706M | $507M | $397M |
| Net income | $397M | $491M | $465M | $564M | $403M | $317M |
| EPS (diluted) | $13.28 | $17.24 | $16.21 | $19.71 | $14.74 | — |
| Free cash flow | -$42.1M | $175M | $546M | $171M | $128M | $196M |
| Gross margin | 24.3% | 25.3% | 25.3% | 26.6% | 23.0% | — |
| Operating margin | 13.8% | 15.4% | 14.6% | 15.7% | 11.5% | 9.3% |
| Net margin | 10.6% | 11.9% | 11.5% | 12.5% | 9.1% | 7.4% |
| Revenue growth | +23.0% | +10.3% | -2.4% | +11.7% | -1.9% | — |
| Cash + short-term investments | $236M | $312M | $733M | $822M | $689M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MHO)
P/E 9.8x · P/S 0.7x · P/FCF 15.9x · P/B 1.0x · FCF yield 6.29% · Earnings yield 10.18% · Buyback yield (TTM) 6.48%
P/E at fiscal year-ends: Dec 2025 8.7x, Dec 2024 6.7x, Dec 2023 8.5x.
Insider sales (SEC Form 4, open-market, last ~7 months) (MHO)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-04…2026-08-05 | Creek Phillip G | Ex. Vice President and CFO | 30,000 | $4.5M | 49.2% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-07-31…2026-08-03 | Creek Phillip G | Ex. Vice President and CFO | 20,000 | $3.0M | 39.3% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-05-21 | Kramer Nancy J | Director | 1,822 | $229K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MHO)
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 162.33 (low 150, high 172).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-07 | Zelman & Assoc | Downgrade | Outperform → Neutral |
Total return (dividends reinvested) (MHO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -6.7% | +99.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -6.8% | +14.8% |
| Volatility (annualized) | 33.8% | 39.2% |
| Max drawdown | -30.0% (Jun 2026→Oct 2026) | -44.4% (Dec 2021→Jun 2022) |
MHO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Construction | $1.01B | 95.2% | -10.0% |
| Financial Service | $32.3M | 3.0% | +2.8% |
| Land | $18.9M | 1.8% | +184.2% |
| Total revenue | $1.06B | 100% | — |
MHO revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Southern Homebuilding | $578.3M | 54.4% | -10.0% |
| Northern Homebuilding | $452.6M | 42.6% | -7.3% |
| Financial Service | $32.3M | 3.0% | +2.8% |
| Total revenue | $1.06B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MHO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | I Financial | “M/I Financial offers our homebuyers "one-stop" shopping by providing mortgage and title services for the purchase of their home, which we believe saves our customers both time and money.” |
Quoted from the company's 10-K filed Feb 13, 2026.
MHO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $2.62 | $3.65 | -28.1% | $1.09B | 2 |
| Next quarter (ends Mar 2027) | $2.47 | $2.88 | -14.2% | $931.4M | 3 |
| Current fiscal year (ends Dec 2026) | $10.76 | $12.50 | -13.9% | $4.15B | 2 |
| Next fiscal year (ends Dec 2027) | $12.17 | $15.23 | -20.1% | $4.17B | 4 |
MHO options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 37.9% | ±8.6% |
| Dec 18, 2026 | 56 | 35.8% | ±11.4% |
| Jan 15, 2027 | 84 | 33.9% | ±13.1% |
| Apr 16, 2027 | 175 | 33.1% | ±18.4% |
| May 21, 2027 | 210 | 34.1% | ±20.8% |
| Jun 17, 2027 | 237 | 33.6% | ±21.7% |
30-day implied volatility 36.7% vs 40.5% realized over the last 30 trading days. Put/call ratio (volume) 2.75. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:18 UTC)
| Price | USD 123.3 |
|---|---|
| Change | ▲ 8.12% (up) |
| Previous Close | USD 114.04 |
| Open | USD 113.61 |
| Day Range | USD 113.78 – 123.89 |
| 52-Week Range | USD 113.4 – 163.66 |
| Volume | 727,758 shares |
| Market Cap | $3.12B |
| Exchange | NYQ |
Technical Analysis (MHO)
Nexqual's technical model rates MHO "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:18 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.12 (neutral) |
| vs SMA50 | Below (USD 139.34) |
| MACD | -5.36 (negative) |
Analyst Ratings (MHO)
Wall Street analysts rate MHO "Buy" based on 4 analysts, with a mean price target of USD 162.33 (range USD 150–172), per Nexqual as of October 23, 2026 at 09:18 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 162.33 |
| High Target | USD 172 |
| Low Target | USD 150 |
| Buy / Hold / Sell | 3 / 1 / 0 |
Earnings (MHO)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 2.62 |
| Revenue Estimate | $1.09B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 2.7 vs est 3.3 ▼ miss |
| 2026-06-30 | USD 3.14 vs est 3.13 ▲ beat |
| 2026-03-31 | USD 2.55 vs est 2.51 ▲ beat |
| 2025-12-31 | USD 2.39 vs est 3.88 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:18 UTC.
Financials & Fundamentals (MHO)
| Total Revenue | $4.26B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -8.50% |
| Gross Margin | +20.90% |
| Operating Margin | +9.28% |
| Profit Margin | +7.44% |
| ROE | +10.06% |
| Debt / Equity | 0.31 |
| Current Ratio | 8.11 |
| Total Cash | $738.54M |
| Total Debt | $1.00B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $196.06M (4.6% of revenue) |
Source: Nexqual, October 23, 2026 at 09:18 UTC.
Financial Health Score (MHO)
Nexqual rates M/I Homes, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:18 UTC.
| Growth | Weak — Revenue -2% YoY (annual), declining |
|---|---|
| Profitability | Mixed — Gross margin 21%, operating 9% (last 12 months) |
| Balance Sheet | Strong — $739M cash vs $1.00B debt |
| Cash Flow | Mixed — FCF $196M (last 4 quarters to Jun 2026, SEC), slim 4.6% margin |
| Efficiency | Mixed — ROE 10%, ROA 5.6% |
Ownership (MHO)
| Insider Ownership | +2.19% |
|---|---|
| Institutional Ownership | +101.76% |
| Shares Outstanding | 25.28M |
| Float | 24.72M |
| Short % of Float | +7.31% |
Source: Nexqual, October 23, 2026 at 09:18 UTC.
Leadership (MHO)
M/I Homes, Inc. is led by Robert H. Schottenstein, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 09:18 UTC.
| Chairman, President & CEO | Robert H. Schottenstein |
|---|---|
| Executive VP, CFO & Director | Phillip G. Creek |
| Region President of Columbus, Sarasota, Tampa, Orlando, Raleigh, Charlotte & WA D.C. Divisions | Fred J. Sikorski |
| Reg. President of Austin, Dallas, Houston, SA, Chicago, MPLS/St. Paul, Indy, Detroit and Nashv. Div. | Thomas W. Jacobs |
| President & CEO of M/I Financial | Derek J. Klutch |
Major Backers & Investors (MHO)
Notable institutional backers of M/I Homes, Inc. include Donald Smith & Co., Inc., FMR, LLC, T. Rowe Price, according to Nexqual as of October 23, 2026 at 09:18 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Donald Smith & Co., Inc. | 5.5% |
| FMR, LLC | 4.87% |
| T. Rowe Price | 2.61% |
| Goldman Sachs | 2.36% |
| Fidelity | 1.75% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 18.94% |
| Vanguard Group | 8.71% |
| State Street | 5.25% |
| Dimensional Fund Advisors | 4.2% |
| Geode Capital | 2.7% |
Source: Nexqual, October 23, 2026 at 09:18 UTC.
From M/I Homes, Inc.'s Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- We offer homes ranging from a base sales price of approximately $190,000 to $1,250,000 and believe that this range of price points allows us to appeal to and attract a wide range of buyers.
- However, we cannot guarantee the success of our strategic objectives and may adjust our approach as market conditions evolve.
- We believe that offering a wide range of homes enables us to attract first-time, multi-generational, move-up, empty-nester and luxury homebuyers.
- Our goal is to maintain an approximate three to five-year supply of lots, including lots controlled under option contracts and purchase agreements, which we believe provides an appropriate horizon for addressing regulatory matters and land development and the subsequent build-out of the homes in each community, and allows us to manage our business plan for future home deliveries.
Partnerships
- In order to minimize our investment and risk of large exposure in a single location, we have periodically partnered with other land developers or homebuilders to share in the cost of land investment and development through joint ownership and development agreements, joint ventures, and other similar arrangements.
Legal & Regulatory Risks (Item 1A, quoted)
- We can be injured by failures of persons who act on our behalf to comply with applicable regulations and guidelines.
- We could be adversely affected by efforts to impose joint employer liability on us for labor law violations committed by our subcontractors.
- We are subject to extensive government regulations, which could restrict our business and cause us to incur significant expense.
- Changes in U.S. trade policies and retaliatory responses from other countries may substantially increase the costs or limit supplies of building materials and products used in our homes.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| KBH | KB Home | USD 46.19 | ▲ 7.39% |
| GRBK | Green Brick Partners, Inc. | USD 64.94 | ▲ 7.02% |
| MTH | Meritage Homes Corporation | USD 63.63 | ▲ 7.27% |
| CVCO | Cavco Industries, Inc. | USD 547.44 | ▲ 6.04% |
| SKY | Champion Homes, Inc. | USD 79.72 | ▲ 5.27% |
| IBP | Installed Building Products, In | USD 198.13 | ▲ 5.46% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:18 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt