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M/I Homes (MHO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 23, 2026
M/I Homes (MHO) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), -5% from a year earlier and +1% from the quarter before. Operating margin was 7.7%, net earnings $66.6M (6.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +1% | -5% |
| Operating profit | $83.3M | -18% | -38% |
| Net earnings | $66.6M | -16% | -38% |
| Operating cash flow | −$13.3M | -136% | -131% |
What changed
Revenue was $1.1B in Q3 2026, down 5% year over year and up 1% from the previous quarter. Construction was the largest line at 96% of revenue. Construction lost $0.06B year over year (down 6%), 115% of the total change.
Operating profit was $0.08B, a 7.7% margin (down 4.2 points year over year). Total costs fell 0% while revenue fell 5%. Net earnings were $0.07B, down 38% year over year. The effective tax rate was 23.4%.
Operating cash flow was −$0.01B. Non-cash charges added back $4.7M of depreciation and $4.6M of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $3.6M exceeded it, leaving free cash flow of −$0.02B.
Questions
What was M/I Homes' revenue in the third quarter 2026?
M/I Homes (MHO) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), -5% from a year earlier and +1% from the quarter before.
Was M/I Homes profitable in the third quarter 2026?
Operating profit was $83.3M (7.7% of revenue) and net earnings $66.6M.
Source: M/I Homes 10-Q on SEC EDGAR.