M/I Homes Q4 revenue beats estimates on higher contract volumes

Overview

• Homebuilder's Q4 revenue declined 5% but beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company repurchased $50 mln of stock in Q4

Result Drivers

• NEW CONTRACTS INCREASE - M/I Homes reported a 9% increase in new contracts in Q4 2025 compared to the same period in 2024

• INVENTORY AND WARRANTY CHARGES - The company incurred $51 mln in charges related to inventory and warranty in Q4 2025, affecting pre-tax income

• ACTIVE COMMUNITIES GROWTH - M/I Homes increased its active communities to 232 by the end of Q4 2025, up from 220 a year ago

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the homebuilding peer group is "hold."

• Wall Street's median 12-month price target for M/I Homes Inc is $155.00, about 20.5% above its January 27 closing price of $128.60

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPnrp8m0a

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