Filing Flows › M/I Homes (MHO) › Q2 2026 › vs Q1 2026
M/I Homes (MHO) Q2 2026 vs Q1 2026 (quarter over quarter)
M/I Homes's revenue rose $143M (+15%) from $921M in Q1 2026 to $1.1B in Q2 2026. The biggest changes: Construction +$133M (+15%); Land +$8.1M (+74%); Financial Service +$1.1M (+4%). Operating margin 9.5% against 9.3% (+0.2 pts).
M/I Homes, Q2 2026: revenue $1.1B (-8% year over year), operating margin 9.5%, net earnings $79.1M, operating cash flow $36.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.5% | 9.3% | +0.2 pts |
| Net margin | 7.4% | 7.4% | +0.1 pts |
| Free cash flow margin | 3.0% | 14.7% | -11.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Construction | $1.0B | $879M | $133M | +15% |
| Financial Service | $32.3M | $31.2M | $1.1M | +4% |
| Land | $18.9M | $10.9M | $8.1M | +74% |
| Revenue | $1.1B | $921M | $143M | +15% |
| Other income, net | $3.3M | $3.1M | $181K | +6% |
| Operating profit | $101M | $86.1M | $15.2M | +18% |
| Costs & expenses | $962M | $835M | $127M | +15% |
| Pre-tax earnings | $105M | $89.2M | $15.4M | +17% |
| Cost of revenue | $828M | $718M | $110M | +15% |
| Sales & marketing | $64.0M | $55.3M | $8.7M | +16% |
| General & admin | $70.2M | $61.2M | $9.0M | +15% |
| Net earnings | $79.1M | $67.8M | $11.2M | +17% |
| Income tax | $25.5M | $21.3M | $4.2M | +19% |
| Depreciation | $4.4M | $4.1M | $277K | +7% |
| Share-based compensation | $4.6M | $4.2M | $376K | +9% |
| Working capital & other | $51.2M | −$59.6M | $111M | — |
| Operating cash flow | $36.8M | $136M | −$98.9M | -73% |
| Free cash flow (OCF − capex) | $31.4M | $136M | −$104M | -77% |
| Capital expenditures | $5.4M | $154K | $5.2M | 35× |
Questions
How much did M/I Homes's revenue grow quarter over quarter in Q2 2026?
M/I Homes's revenue rose $143M (+15%) from $921M in Q1 2026 to $1.1B in Q2 2026.
What drove M/I Homes's revenue change in Q2 2026?
Construction +$133M (+15%); Land +$8.1M (+74%); Financial Service +$1.1M (+4%).