M/I Homes, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.42B | $4.50B | $4.03B | $4.13B | $3.75B | $3.05B | $2.50B | $2.29B |
| Cost of Revenue | $3.40B | $3.31B | $3.01B | $3.09B | $2.84B | $2.36B | $2.01B | $1.84B |
| Gross Profit | $1.02B | $1.20B | $1.02B | $1.04B | $908.9M | $684.8M | $494.4M | $449.6M |
| Gross Margin | 23.0% | 26.6% | 25.3% | 25.3% | 24.3% | 22.5% | 19.8% | 19.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $262.8M | $258.4M | $222.8M | $214.8M | $192.0M | $177.5M | $148.0M | $137.8M |
| Operating Income | $506.6M | $706.1M | $587.2M | $637.5M | $518.3M | $319.3M | $187.1M | $163.2M |
| Operating Margin | 11.5% | 15.7% | 14.6% | 15.4% | 13.8% | 10.5% | 7.5% | 7.1% |
| Interest Expense | — | — | $-20.0M | $2.3M | $2.2M | $9.7M | $21.4M | $20.5M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $123.6M | $169.9M | $141.9M | $144.5M | $112.2M | $70.2M | $38.4M | $33.6M |
| Net Income | $402.9M | $563.7M | $465.4M | $490.7M | $396.9M | $239.9M | $127.6M | $107.7M |
| Net Margin | 9.1% | 12.5% | 11.5% | 11.9% | 10.6% | 7.9% | 5.1% | 4.7% |
| EPS (Basic) | $15.07 | $20.29 | $16.76 | $17.60 | $13.64 | $8.38 | $4.58 | $3.81 |
| EPS (Diluted) | $14.74 | $19.71 | $16.21 | $17.24 | $13.28 | $8.23 | $4.48 | $3.70 |
| Shares Outstanding (Basic) | 26.7M | 27.8M | 27.8M | 27.9M | 29.1M | 28.6M | 27.8M | 28.2M |
| Shares Outstanding (Diluted) | 27.3M | 28.6M | 28.7M | 28.5M | 29.9M | 29.2M | 28.5M | 29.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |