olivLaw · US equity research
M/I Homes, Inc. MHO
Operative Builders · SIC 1531 · Vertical: Operative Builders (SIC 1531)
M/I Homes is one of the nation's leading builders of single-family homes, active in 17 markets across ten states, with mortgage lending and title services supporting its sales. The company entered 2026 in a tougher setting, with homebuilding revenue down in the first nine months of the year and mortgage rates elevated, which makes margin and demand trends worth following in the coming quarters.
At the close of 04 Nov 2026, M/I Homes, Inc. (MHO) stock was 137.96 USD (+7.08% on the day), with market capitalisation 3.5 bn USD, P/E 13.1 on diluted EPS of 10.52 USD over the last 12 months, beta 0.77, 52-week range 114.04–163.00 USD. Latest reported quarter (Q3 2026): revenue of 1.1 bn USD (−4.9% YoY), net income of 66.6 m USD (−37.5% YoY), diluted EPS 2.56 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 59.9
- strong (55–70)
- Bollinger (20, 2)
- 116.96 – 135.26
- above the upper band · %B 1.15 · band width 14.5%
- SMA 50 / 200
- 135.05 / 137.60
- mixed trend
- MACD (12, 26, 9)
- -0.82 / -2.81
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +4.5% | −1.1% | +5.6 pp | — |
| 3 months | −8.4% | −0.5% | −7.9 pp | — |
| 6 months | +4.8% | +4.4% | +0.4 pp | — |
| Year to date | +7.8% | +12.3% | −4.5 pp | — |
| 1 year | +8.7% | +13.5% | −4.8 pp | −12.9% |
| 3 years | +45.5% | +76.4% | −30.9 pp | +3.7% |
| 5 years | +131.7% | +63.7% | +68.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 976.1 m | 1.2 bn | 1.1 bn | 1.1 bn | 920.7 m | 1.1 bn | 1.1 bn |
| Cost of revenue | 908.5 m | 723.3 m | 876.0 m | 861.7 m | 939.6 m | 718.1 m | 827.8 m | 851.6 m |
| Operating income | 164.0 m | 140.9 m | 155.7 m | 135.3 m | 74.6 m | 86.1 m | 101.3 m | 83.3 m |
| Income tax | 37.1 m | 34.9 m | 38.9 m | 33.3 m | 16.6 m | 21.3 m | 25.5 m | 20.3 m |
| Net income | 133.5 m | 111.2 m | 121.2 m | 106.5 m | 64.0 m | 67.8 m | 79.1 m | 66.6 m |
| Diluted EPS | 4.72 ≈ | 3.98 | 4.42 | 3.92 | 2.39 ≈ | 2.55 | 3.02 | 2.56 |
| Operating cash flow | 104.4 m | 64.9 m | 37.8 m ≈ | 43.4 m ≈ | -8.7 m | 135.7 m | 36.8 m ≈ | -13.3 m ≈ |
| Capex | 2.1 m | 1.3 m | 2.6 m ≈ | 1.4 m ≈ | 4.3 m | 154.0 k | 5.4 m ≈ | 3.6 m ≈ |
| Share repurchases | 51.1 m | 50.1 m | 50.1 m ≈ | 50.2 m ≈ | 51.7 m | 50.1 m | 50.1 m ≈ | 50.1 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 92 percentile of its own 37-quarter history (min 2.2, median 6.7, max 15.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3 bn | 2.5 bn | 3.0 bn | 3.7 bn | 4.1 bn | 4.0 bn | 4.5 bn | 4.4 bn |
| Revenue YoY | +16.5% | +9.4% | +21.8% | +23.0% | +10.3% | −2.4% | +11.7% | −1.9% |
| Net income | 107.7 m | 127.6 m | 239.9 m | 396.9 m | 490.7 m | 465.4 m | 563.7 m | 402.9 m |
| Net income YoY | +49.4% | +18.5% | +88.0% | +65.4% | +23.6% | −5.2% | +21.1% | −28.5% |
| Diluted EPS | 3.70 | 4.48 | 8.23 | 13.28 | 17.24 | 16.21 | 19.71 | 14.74 |
| Diluted EPS YoY | +63.7% | +21.1% | +83.7% | +61.4% | +29.8% | −6.0% | +21.6% | −25.2% |
| net % | 4.7% | 5.1% | 7.9% | 10.6% | 11.9% | 11.5% | 12.5% | 9.1% |
| Free cash flow | -10.7 m | 61.1 m | 156.7 m | -42.1 m | 174.7 m | 546.4 m | 171.3 m | 127.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 689.2 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 3.2 bn USD
- Total assets
- 4.8 bn USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 13.2%
- ROA
- 8.6%
- FCF margin
- 2.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 3.0 bn | 3.7 bn | 4.1 bn | 4.0 bn | 4.5 bn | 4.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Cost of revenue | 2.4 bn | 2.8 bn | 3.1 bn | 3.0 bn | 3.3 bn | 3.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Gross profit | 684.8 m ≈ | 908.9 m ≈ | 1.0 bn ≈ | 1.0 bn ≈ | 1.2 bn ≈ | 1.0 bn ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Operating income | 319.3 m | 518.3 m | 637.5 m | 587.2 m | 706.1 m | 506.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Depreciation & amortisation | 17.6 m | 16.9 m | 17.2 m | 15.8 m | 17.4 m | 18.9 m | SEC (XBRL)· 13 Feb 2026verified |
| EBITDA | 336.8 m ≈ | 535.2 m ≈ | 654.6 m ≈ | 603.0 m ≈ | 723.5 m ≈ | 525.5 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Interest expense | 9.7 m | 2.2 m | 2.3 m | -20.0 m | — | — | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 70.2 m | 112.2 m | 144.5 m | 141.9 m | 169.9 m | 123.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 239.9 m | 396.9 m | 490.7 m | 465.4 m | 563.7 m | 402.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 8.23 | 13.28 | 17.24 | 16.21 | 19.71 | 14.74 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 29.2 m | 29.9 m | 28.5 m | 28.7 m | 28.6 m | 27.3 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 260.8 m | 236.4 m | 311.5 m | 732.8 m | 821.6 m | 689.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Property, plant & equipment, net | 26.6 m | 37.6 m | 37.4 m | 34.9 m | 34.5 m | 34.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 16.4 m | 16.4 m | 16.4 m | 16.4 m | 16.4 m | 16.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | 2.6 bn | 3.2 bn | 3.7 bn | 4.0 bn | 4.5 bn | 4.8 bn | SEC (XBRL)· 13 Feb 2026verified |
| Total liabilities | 1.4 bn | 1.6 bn | 1.6 bn | 1.5 bn | 1.6 bn | 1.6 bn | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.3 bn | 1.6 bn | 2.1 bn | 2.5 bn | 2.9 bn | 3.2 bn | SEC (XBRL)· 13 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 168.3 m | -16.8 m | 184.1 m | 552.1 m | 179.7 m | 137.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 11.7 m | 25.3 m | 9.3 m | 5.8 m | 8.4 m | 9.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 156.7 m ≈ | -42.1 m ≈ | 174.7 m ≈ | 546.4 m ≈ | 171.3 m ≈ | 127.7 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | -33.9 m | -51.7 m | -27.4 m | -18.6 m | -54.9 m | -59.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | 120.3 m | 44.1 m | -81.5 m | -112.2 m | -36.1 m | -210.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Share repurchases | 1.9 m | 51.5 m | 55.3 m | 65.3 m | 177.0 m | 202.0 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.5 bn USD
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 154.81 – 171.24 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E154.81 – 171.24 (Mid 160.02)11 companies used · median multiple 15.2x · quartiles 14.7x – 16.3xCCS, DFH, DHI, ECG, KBH, LGIH, MTH, NVR, PHM, SDHC, TOL
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 6.6% | 67 (vs peers) | 12% |
| FCF conversion · Quality | 49.4% | 28 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 2.3% | 19 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | -5.1% | 0 (on a fixed band) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 13.1x | 85 (vs peers) | 19% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.0% | 50 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | 5.8% | 84 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth9/100 · 2/2 factors with a value
- Quality47/100 · 2/3 factors with a value
- Returns· partial84/100 · 1/2 factors with a value
- Valuation69/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
M/I HOMES, INC. (MHO). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 4.4 bn USD in 2025; YoY growth -1.9%; net margin 6.6%; ROE 8.7%.
The estimated value range is 154.81–171.24 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 160.02 USD, the price of 137.96 USD leaves a potential of 16.0% (value / price − 1) and a margin of safety of 13.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 13.1x
- Shareholder yield (distributions): 5.8%
- The price is below the estimated value range
What contradicts it
- FCF conversion: 49.4%
- Revenue CAGR 3Y: 2.3%
- EPS CAGR 3Y: -5.1%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Operative Builders (SIC 1531) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DHID.R. Horton, Inc. | 43.9 bn | 14.9 | 12.8% | 9.2% | −6.9% | −1% / +23% |
| PHMPultegroup, Inc. | 25.0 bn | 14.5 | 13.9% | 11.2% | −3.5% | +7% / +54% |
| NVRNVR, Inc. | 16.9 bn | 17.6 | 28.3% | 11.2% | −1.9% | −15% / +4% |
| TOLToll Brothers, Inc. | 14.6 bn | 12.7 | 14.4% | 11.1% | +1.1% | +13% / +85% |
| MTHMeritage Homes Corporation | 4.7 bn | 16.5 | 5.8% | — | unavailable | +0% / +4% |
| ECGEverus Construction Group, Inc. | 4.1 bn | 16.0 | 39.5% | 6.0% | +31.5% | −13% / unavailable |
| MHOM/i Homes, Inc. | 3.5 bn | 13.1 | 8.7% | 6.6% | −1.9% | +9% / +46% |
| KBHKb Home | 3.2 bn | 14.9 | 5.9% | 4.4% | −10.0% | −17% / +2% |
| GRBKGreen Brick Partners, Inc. | 2.8 bn | 10.7 | 14.3% | 14.2% | −1.0% | −2% / +40% |
| CCSCentury Communities, Inc. | 1.6 bn | 15.2 | 4.2% | 2.9% | −6.4% | −12% / −21% |
| LGIHLgi Homes, Inc. | 1.1 bn | 16.0 | 3.4% | 4.2% | −22.6% | −6% / −59% |
| BZHBeazer Homes USA Inc | 893.2 m | — | -0.7% | -0.4% | +1.8% | +49% / +38% |
| HOVHovnanian Enterprises Inc | 79.6 m | 81.2 | 2.2% | 0.6% | −0.9% | −16% / +22% |
| LGPSLogprostyle Inc. | — | — | 19.7% | 3.4% | +7.6% | −43% / unavailable |
| LRELead Real Estate Co., Ltd | — | — | 12.2% | 3.5% | −3.5% | −14% / −84% |
| SDHCSmith Douglas Homes Corp. | — | 18.0 | 6.0% | 0.5% | −0.4% | −50% / unavailable |
| DFHDream Finders Homes, Inc. | — | 13.3 | 7.6% | 2.6% | −2.9% | −35% / −47% |
1- and 3-year price returns: for MHO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 84.01 Total return -39% · Per year -39% | 148.69 Total return 8% · Per year 8% | 224.20 Total return 63% · Per year 63% |
| 3 years | 77.91 Total return -44% · Per year -17% | 155.49 Total return 13% · Per year 4% | 257.93 Total return 87% · Per year 23% |
| 5 years | 72.24 Total return -48% · Per year -12% | 162.59 Total return 18% · Per year 3% | 296.74 Total return 115% · Per year 17% |
- Exit P/E± 38.87
- Net margin± 27.21
- Annual revenue growth± 22.83
- Annual dilution± 2.29
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
M/I Homes is one of the nation's leading builders of single-family homes, active in 17 markets across ten states, with mortgage lending and title services supporting its sales. The company entered 2026 in a tougher setting, with homebuilding revenue down in the first nine months of the year and mortgage rates elevated, which makes margin and demand trends worth following in the coming quarters 23.
SWOT
Strengths
- The company has a strong balance sheet with record shareholders' equity and low leverage, giving it flexibility in difficult periods 23.
- Presence in many markets across the North and South, with well-located communities and a broad product range, lets it reach several buyer groups 1.
- Integrated financial services and a high capture rate support sales and offer a simpler buying process 2.
Weaknesses
- Margins compressed in 2026 due to higher lot costs and rate buydown incentives, and profit fell noticeably 2.
- The company recorded inventory impairments and land deposit write-offs in 2025, showing its exposure to land values 1.
- Reliance on housing demand and on buyers' access to financing makes revenue sensitive to the housing cycle 1.
Opportunities
- Limited housing supply and favorable demographics could support long-term demand if rates decline 1.
- Expanding the number of new communities and the affordable product segment could increase sales volume in coming years 12.
- Policies aimed at improving housing affordability could open new financing opportunities for buyers 2.
Risks
- Weak demand and high rateshigh
If mortgage rates stay elevated, buyers may struggle to qualify and new orders could keep declining 12.
- Inventory impairmenthigh
A fall in the value of land and homes in inventory could lead to further impairments and losses, as happened in 2025 1.
- Margin pressuremedium
Sales incentives and higher costs could keep compressing the gross margin, especially if selling prices do not rise 12.
- Construction and labor costsmedium
Labor shortages and rising material costs could delay deliveries and raise costs 1.
- Warranty and construction defectslow
Structural or ventilation problems could create additional warranty costs, as occurred in some Florida communities 1.
Investment thesis
What would need to be true (bull case)
- If mortgage rates ease and demand recovers, the strong balance sheet and well-located communities could allow a quick return to profitability 23.
- Limited housing supply and favorable demographics could support sales volume over the long term 1.
- Expanding the community count and the integrated financial services arm could support revenue growth in the years ahead 2.
What would break the thesis
- If mortgage rates stay above 7%, demand could keep falling and margins could remain under pressure 2.
- Revenue and profit declined in the first nine months of 2026, and further weakness could reduce returns more 23.
- Competition from larger builders and the risk of inventory impairments could limit the company's ability to maintain margins 1.
What to watch
- Trend in gross margin and in the cost of rate buydown incentivesQ4 2026
- New contract volume and the cancellation rateQ4 2026
- Direction of mortgage rates and their effect on demand2027
- Pace of new community openings against the year-end growth targetnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
M/I Homes, Inc. and its subsidiaries build and sell mainly single-family detached homes and attached townhomes, with base prices from roughly 190,000 to 1,250,000 dollars, aimed at first-time, move-up, empty-nester and luxury buyers 1. Homebuilding accounts for 97% of consolidated revenue, while financial services, which provides mortgage loans and title services, accounts for about 3% 1. The company was founded in 1976 and presents itself as focused on construction quality, customer service and well-located communities 1.
The reporting structure has two homebuilding regions, the Northern and Southern regions, plus a financial services segment that supports sales through mortgages and title services for the company's own buyers 1. The company expects its year-end 2026 community count to be about 5% higher than in 2025, which could support future volume if demand recovers 2.
Segments
Market context
The US housing market in 2025 was marked by affordability pressures, persistent inflation and elevated mortgage rates, and the company used incentives and rate buydowns to stimulate buyer traffic 1. The company believes demographic trends and constrained supply support long-term demand, although affordability, labor and material costs and interest-rate volatility remain uncertain 1.
In the third quarter of 2026 mortgage rates exceeded 7% by the end of the period and demand weakened, making industry conditions increasingly difficult 2. If rates stay high for longer, demand for the company's homes could decline further, as its own filings warn 12.
Trends
- Elevated mortgage ratesheadwind
High mortgage rates reduce affordability and raise the cost of rate buydown incentives, which pressured the company's margins in 2026 2. If rates fall, demand could recover, although the risk of further increases remains 1.
- Constrained housing supplytailwind
The supply of new and existing homes remains limited after a decade of underbuilding, which supports long-term prices and demand 1. This could partly offset cyclical weakness if demand recovers.
- Lot and development costsheadwind
Higher lot and land development costs contributed to lower profitability in 2026, and the company reported increased land and lot purchase spending 2. The cost pressure could ease if land prices stabilize.
- Housing affordability policymixed
Housing affordability has become a focus for federal policymakers, with initiatives aimed at increasing availability and access to homeownership 2. The effect of these policies remains uncertain and depends on implementation.
Competitive position
The homebuilding industry is fragmented and highly competitive, with public and private builders, some far larger and better capitalized than M/I Homes 1. Competition turns on home price, location, style, available financing, build quality and community reputation, and the pressure can lead to lower prices or richer incentives 1. In mortgage lending the company competes with banks and mortgage brokers 1.
Competition can affect new contract volume, average selling price and mortgage originations, and the cancellation rate stayed at 12% in the third quarter of 2026 23. The company points to its strong balance sheet and low debt as an advantage in managing a difficult cycle 3.
- Public and private US homebuilders
Named only generically in the company's filings; some are larger and have greater financial resources. No individual names appear in the analyzed sources.
- Land developers and development companies
Compete for land and customers and are sometimes affiliated with homebuilders; the sources do not name them.
- Banks and mortgage brokers
Compete with the company's financial services arm on pricing, loan terms and customer service; they are mentioned only generically.
- Existing home resale market
Resale homes compete directly with new homes, especially when prices and rates make the alternative more attractive; the sources name no companies.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report23 Oct 2026
- Current report21 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report31 Jul 2026
- Current report29 Jul 2026Results of operations · Financial statements and exhibits
- Current report14 May 2026Shareholder vote · Financial statements and exhibits
- Quarterly report24 Apr 2026
- Current report22 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement10 Apr 2026
- Current report04 Mar 2026Departure or appointment of officers · Financial statements and exhibits
- Annual report13 Feb 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / M/I Homes, Inc. · 13 Feb 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / M/I Homes, Inc. · 23 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / M/I Homes, Inc. · 21 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.