Filing Flows › M/I Homes (MHO) › Q3 2026 › vs Q3 2025
M/I Homes (MHO) Q3 2026 vs Q3 2025 (year over year)
M/I Homes's revenue fell $55.7M (-5%) from $1.1B in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Construction −$64.1M (-6%); Land +$10.2M (+594%); Financial Service −$1.9M (-5%). Operating margin 7.7% against 12.0% (-4.2 pts).
M/I Homes, Q3 2026: revenue $1.1B (-5% year over year), operating margin 7.7%, net earnings $66.6M, operating cash flow −$13.3M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.7% | 12.0% | -4.2 pts |
| Net margin | 6.2% | 9.4% | -3.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Construction | $1.0B | $1.1B | −$64.1M | -6% |
| Financial Service | $32.7M | $34.6M | −$1.9M | -5% |
| Land | $12.0M | $1.7M | $10.2M | +594% |
| Revenue | $1.1B | $1.1B | −$55.7M | -5% |
| Other income, net | $3.6M | $4.5M | −$970K | -21% |
| Operating profit | $83.3M | $135M | −$52.0M | -38% |
| Costs & expenses | $993M | $997M | −$3.7M | -0.4% |
| Pre-tax earnings | $86.9M | $140M | −$52.9M | -38% |
| Cost of revenue | $852M | $862M | −$10.1M | -1% |
| Sales & marketing | $64.6M | $64.0M | $562K | +0.9% |
| General & admin | $76.6M | $70.8M | $5.8M | +8% |
| Net earnings | $66.6M | $106M | −$39.9M | -38% |
| Income tax | $20.3M | $33.3M | −$13.0M | -39% |
| Operating cash sources | $89.2M | $71.6M | $17.7M | +25% |
| Depreciation | $4.7M | $4.0M | $749K | +19% |
| Share-based compensation | $4.6M | $4.5M | $109K | +2% |
| Cash used in operations | $13.3M | −$43.4M | $56.7M | — |
| Working capital & other | $89.2M | $71.6M | $17.7M | +25% |
Questions
How much did M/I Homes's revenue grow year over year in Q3 2026?
M/I Homes's revenue fell $55.7M (-5%) from $1.1B in Q3 2025 to $1.1B in Q3 2026.
What drove M/I Homes's revenue change in Q3 2026?
Construction −$64.1M (-6%); Land +$10.2M (+594%); Financial Service −$1.9M (-5%).