M/I HOMES, INC. (MHO) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does M/I HOMES, INC. Do?
M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio. M/I HOMES, INC. (MHO) is classified as a mid-cap stock in the Industrials sector, specifically within the Construction industry. The company is led by CEO Robert H. Schottenstein and employs approximately 1,660 people, headquartered in COLUMBUS, Ohio. With a market capitalization of $3.2B, MHO is one of the notable companies in the Industrials sector.
M/I HOMES, INC. (MHO) Stock Rating — Hold (April 2026)
As of April 2026, M/I HOMES, INC. receives a Hold rating with a composite score of 49.7/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.MHO ranks #1,330 out of 4,446 stocks in our coverage universe. Within the Industrials sector, M/I HOMES, INC. ranks #211 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
MHO Stock Price and 52-Week Range
M/I HOMES, INC. (MHO) currently trades at $124.12. The stock lost $0.99 (0.8%) in the most recent trading session. The 52-week high for MHO is $158.92, which means the stock is currently trading -21.9% from its annual peak. The 52-week low is $100.22, putting the stock 23.8% above its annual trough. Recent trading volume was 138K shares, suggesting relatively thin trading activity.
Is MHO Overvalued or Undervalued? — Valuation Analysis
M/I HOMES, INC. (MHO) carries a value factor score of 78/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 6.26x, compared to the Industrials sector average of 28.33x — a discount of 78%. The price-to-book ratio stands at 0.96x, versus the sector average of 2.23x. The price-to-sales ratio is 0.69x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, MHO trades at 4.94x EV/EBITDA, versus 5.70x for the sector.
Based on these multiples, M/I HOMES, INC. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
M/I HOMES, INC. Profitability — ROE, Margins, and Quality Score
M/I HOMES, INC. (MHO) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 15.3%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 10.1% versus the sector average of 3.3%.
On a margin basis, M/I HOMES, INC. reports gross margins of 25.5%, compared to 35.8% for the sector. The operating margin is 13.9% (sector: 6.2%). Net profit margin stands at 11.0%, versus 3.9% for the average Industrials stock. Revenue growth is running at 2.0% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
MHO Debt, Balance Sheet, and Financial Health
M/I HOMES, INC. has a debt-to-equity ratio of 51.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.97x, indicating strong short-term liquidity. Total debt on the balance sheet is $232M. Cash and equivalents stand at $734M.
MHO has a beta of 0.72, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for M/I HOMES, INC. is 72/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
M/I HOMES, INC. Revenue and Earnings History — Quarterly Trend
In TTM 2026, M/I HOMES, INC. reported revenue of $4.41B and earnings per share (EPS) of $15.07. Net income for the quarter was $484M. Gross margin was 25.5%. Operating income came in at $614M.
In FY 2025, M/I HOMES, INC. reported revenue of $4.42B and earnings per share (EPS) of $15.07. Net income for the quarter was $403M. Gross margin was 23.0%. Revenue grew -1.9% year-over-year compared to FY 2024. Operating income came in at $507M.
In Q3 2025, M/I HOMES, INC. reported revenue of $1.13B and earnings per share (EPS) of $4.01. Net income for the quarter was $106M. Gross margin was 24.5%. Revenue grew -1.0% year-over-year compared to Q3 2024. Operating income came in at $135M.
In Q2 2025, M/I HOMES, INC. reported revenue of $1.16B and earnings per share (EPS) of $4.52. Net income for the quarter was $121M. Gross margin was 24.6%. Revenue grew 4.8% year-over-year compared to Q2 2024. Operating income came in at $156M.
Over the past 8 quarters, M/I HOMES, INC. has demonstrated a growth trajectory, with revenue expanding from $1.11B to $4.41B. Investors analyzing MHO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
MHO Dividend Yield and Income Analysis
M/I HOMES, INC. (MHO) does not currently pay a dividend. This is common among smaller companies in the Construction industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
MHO Momentum and Technical Analysis Profile
M/I HOMES, INC. (MHO) has a momentum factor score of 44/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 15/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
MHO vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, M/I HOMES, INC. (MHO) ranks #211 out of 752 stocks based on the Blank Capital composite score. This places MHO in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing MHO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full MHO vs S&P 500 (SPY) comparison to assess how M/I HOMES, INC. stacks up against the broader market across all factor dimensions.
MHO Next Earnings Date
No upcoming earnings date has been announced for M/I HOMES, INC. (MHO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy MHO? — Investment Thesis Summary
M/I HOMES, INC. presents a balanced picture with arguments on both sides. The value score of 78/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 72/100) reduces downside risk.
In summary, M/I HOMES, INC. (MHO) earns a Hold rating with a composite score of 49.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on MHO stock.
Related Resources for MHO Investors
Explore more research and tools: MHO vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare MHO head-to-head with peers: MHO vs SOBO, MHO vs TEN, MHO vs GLDD.