Filing Flows › M/I Homes (MHO) › Q3 2025
M/I Homes (MHO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
M/I Homes (MHO) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), -1% from a year earlier and -3% from the quarter before. Operating margin was 12.0%, net earnings $106M (9.4% of revenue).
M/I Homes, Q3 2025: revenue $1.1B (-1% year over year), operating margin 12.0%, net earnings $106M, operating cash flow $43.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -3% | -1% |
| Operating profit | $135M | -13% | -26% |
| Net earnings | $106M | -12% | -27% |
| Operating cash flow | $43.4M | +15% | — |
| Free cash flow | $42.0M | +20% | — |
What changed
Revenue was $1.1B in Q3 2025, down 1% year over year and down 3% from the previous quarter. Construction was the largest line at 97% of revenue. Construction lost $0.02B year over year (down 1%), 144% of the total change.
Operating profit was $0.14B, a 12.0% margin (down 4.0 points year over year). Total costs grew 4% against a revenue fall of 1%. Net earnings were $0.11B, down 27% year over year. The effective tax rate was 23.8%.
Operating cash flow was $0.04B, 41% of net earnings. Non-cash charges added back $4.0M of depreciation and $4.5M of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $1.4M left free cash flow of $0.04B.
Questions
What was M/I Homes' revenue in the third quarter 2025?
M/I Homes (MHO) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), -1% from a year earlier and -3% from the quarter before.
Was M/I Homes profitable in the third quarter 2025?
Operating profit was $135M (12.0% of revenue) and net earnings $106M.
Source: M/I Homes 10-Q on SEC EDGAR.