M/I Homes, Inc. (MHO)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-09-04
$148.26+0.53%
Close 2026-09-04 · 1-day change
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · MHO
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-09-04.
The screen ranks MHO against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 45% of the time over the next year (vs 59% for the rest of the cohort, n=6943).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing new home contracts and maintaining or growing the number of active communities.
Stated as a priority in 4 quarters from 2025-Q2 through 2026-Q2. New contracts grew from 2,078 in 2025-Q2 to a record 2,387 in 2026-Q2 (+15%). Average community count increased modestly from 230 in 2025-Q1 to 234 in 2026-Q2. Management has consistently emphasized contract growth and community count expansion, and the trajectory shows delivering growth in new contracts with stable community count.
“New contracts increased 15% to 2,387, a second quarter record.”
“New contracts increased 3% to 2,350; average community count 231.”
“New contracts were 1,908, down 6% from prior year; average community count 234.”
“On track to grow average community count by approximately 5% this year.”
Preserve financial strength with strong equity, low debt ratios, and ample liquidity.
Management stated this priority in 4 quarters from 2025-Q2 through 2026-Q2. Shareholders’ equity increased from about $3.08 billion in 2025-Q2 to $3.23 billion in 2026-Q2. The homebuilding debt to capital ratio remained stable at 18% over this period. The company maintained no borrowings under its $900 million credit facility. The financial position is strong and management is delivering on this priority.
Focus on controlling home deliveries and backlog levels in response to market conditions and cancellations.
Management stated this priority in 3 quarters from 2025-Q3 through 2026-Q2. Homes delivered declined 6% from 2,348 in 2025-Q2 to 2,206 in 2026-Q2. Backlog units also decreased 6% over the same period. Cancellation rates improved from 13% to 8%. The company is managing deliveries and backlog amid market challenges with moderate progress.
Strategically invest in operations to increase average community count by 5% in 2025.
Over the trailing year it converted 0.88x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 49% of the time over the next year (vs 49% for the rest of the cohort, n=4864).
Most sensitive to the broad stock market and long-term interest rates.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity (low R² over the window).
5 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated stable grew net income 47% of the time over the next year (vs 53% for the rest of the cohort, n=1906).
Not investment advice. As of 2026-09-04.
“Shareholders’ equity reached a record $3.2 billion; homebuilding debt to capital ratio 18%.”
“Shareholders’ equity reached a record $3.2 billion; homebuilding debt to capital ratio 18%.”
“Shareholders’ equity reached a record $3.1 billion; homebuilding debt to capital ratio 18%.”
“Strong financial position highlighted by Moody’s upgrade and extended credit facility.”
“Homes delivered decreased 6% to 2,206; backlog units decreased 6% to 2,426; cancellation rate 8%.”
“Homes delivered decreased 3% to 1,914; backlog units decreased 21% to 2,245; cancellation rate 8%.”
“Homes delivered increased 1% to 2,296; backlog units decreased 31% to 2,189; cancellation rate 12%.”