M/I Homes Inc. (MHO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4131 WORTH AVENUE STE 500 COLUMBUS, OH 43219 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1531 - Operative Builders (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Advances on inventory purchases | 69 | 52 | 56 | 53 | 45 | 29 | |||
| Total current assets: | 69 | 52 | 56 | 53 | 45 | 29 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 54 | 56 | 60 | 51 | 52 | 18 | |||
| Inventory, real estate | 3,092 | 2,797 | 2,829 | 2,452 | 1,917 | 1,770 | |||
| Property, plant and equipment | 35 | 35 | 37 | 38 | 27 | 22 | |||
| Long-term investments and receivables | 65 | 44 | 52 | 57 | 35 | 38 | |||
| Long-term investments | 65 | 44 | 52 | 57 | 35 | 38 | |||
| Intangible assets, net (including goodwill) | 16 | 16 | 16 | 16 | 16 | 16 | |||
| Goodwill | 16 | 16 | 16 | 16 | 16 | 16 | |||
| Deferred income tax assets | 13 | 16 | 18 | 10 | 6 | ||||
| Total noncurrent assets: | 3,275 | 2,965 | 3,012 | 2,625 | 2,053 | 1,864 | |||
| Other undisclosed assets | 1,205 | 1,006 | 647 | 562 | 545 | 213 | |||
| TOTAL ASSETS: | 4,550 | 4,022 | 3,715 | 3,240 | 2,643 | 2,106 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 287 | 169 | 249 | 267 | 229 | 141 | |||
| Total current liabilities: | 287 | 169 | 249 | 267 | 229 | 141 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 13 | 19 | 30 | 20 | 8 | 14 | |||
| Long-term debt, excluding current maturities | 13 | 19 | 30 | 20 | 8 | 14 | |||
| Total noncurrent liabilities: | 13 | 19 | 30 | 20 | 8 | 14 | |||
| Other undisclosed liabilities | 1,310 | 1,317 | 1,365 | 1,328 | 1,147 | 948 | |||
| Total liabilities: | 1,610 | 1,506 | 1,644 | 1,616 | 1,384 | 1,102 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,940 | 2,517 | 2,071 | 1,624 | 1,259 | 1,003 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (274) | (135) | (118) | (69) | (29) | (38) | |||
| Additional paid in capital | 349 | 350 | 353 | 347 | 339 | 333 | |||
| Deferred compensation equity | (6) | (7) | (3) | (3) | (2) | (3) | |||
| Retained earnings | 2,865 | 2,301 | 1,836 | 1,345 | 948 | 709 | |||
| Other undisclosed equity, attributable to parent | 6 | 7 | 3 | 3 | 2 | 3 | |||
| Total equity: | 2,940 | 2,517 | 2,071 | 1,624 | 1,259 | 1,003 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,550 | 4,022 | 3,715 | 3,240 | 2,643 | 2,106 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,505 | 4,034 | 4,131 | 3,746 | 3,046 | 2,500 | ||
| Cost of revenue | (3,307) | (3,016) | (3,071) | (2,846) | (2,371) | (2,028) | ||
| Cost of product and service sold | (3,306) | (3,015) | (3,069) | (2,837) | (2,361) | (2,006) | ||
| Gross profit: | 1,198 | 1,017 | 1,060 | 900 | 675 | 472 | ||
| Operating expenses | (502) | (442) | (425) | (391) | (365) | (306) | ||
| Other undisclosed operating income | 11 | 12 | 2 | 9 | 9 | 21 | ||
| Operating income: | 706 | 587 | 637 | 518 | 319 | 187 | ||
| Nonoperating income (expense) | (3) | 12 | 49 | 2 | (19) | (12) | ||
| Investment income, nonoperating | (3) | 12 | 49 | 2 | (19) | (12) | ||
| Interest and debt expense | (2) | 7 | (11) | (21) | ||||
| Income from continuing operations before equity method investments, income taxes: | 703 | 599 | 685 | 527 | 289 | 154 | ||
| Income from equity method investments | 0 | 0 | 0 | 0 | 0 | |||
| Income from continuing operations before income taxes: | 703 | 599 | 685 | 527 | 290 | 154 | ||
| Income tax expense | (170) | (142) | (145) | (112) | (70) | (38) | ||
| Income from continuing operations: | 534 | 457 | 540 | 415 | 220 | 115 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 415 | 220 | 115 | |
| Other undisclosed net income (loss) | 30 | 8 | (49) | (18) | 20 | 12 | ||
| Net income available to common stockholders, diluted: | 564 | 465 | 491 | 397 | 240 | 128 | ||
Comprehensive Income ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 564 | 465 | 491 | 397 | 240 | 128 | ||
| Comprehensive income, net of tax, attributable to parent: | 564 | 465 | 491 | 397 | 240 | 128 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.