M/I Homes Q4 net income falls to $64 million; EPS $2.39 vs. $4.71 a year earlier
M/I Homes reported fourth-quarter and full-year 2025 results, with revenue and profit both lower than in 2024. Fourth-quarter net income fell to $64 million ($2.39 per diluted share) from $134 million ($4.71), and results included $51 million in inventory and warranty charges. For shareholders, the filing shows lower earnings per share for both periods, with the company also reporting $202 million in stock repurchases for 2025.
Key points
- Q4 2025 revenue declined 5% to $1.1 billion; homes delivered fell 4% to 2,301
- Q4 2025 net income was $64 million ($2.39 per diluted share), versus $134 million ($4.71) in Q4 2024; $3.91 excluding charges
- Full-year 2025 net income was $403 million ($14.74 per diluted share), versus $19.71 in 2024; revenue declined 2% to $4.4 billion
- Company repurchased $202 million of stock in 2025 and reported record shareholders' equity of $3.2 billion
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.