M/I Homes Inc (MHO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,198,890 | 1,018,930 | 1,043,840 | 908,915 | 676,343 |
| Revenue | US$ in thousands | 4,504,670 | 4,033,500 | 4,131,390 | 3,745,890 | 3,046,140 |
| Gross profit margin | 26.61% | 25.26% | 25.27% | 24.26% | 22.20% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,198,890K ÷ $4,504,670K
= 26.61%
Based on the data provided, M/I Homes Inc has demonstrated a consistent improvement in its gross profit margin over the period from December 31, 2020, to December 31, 2024. The gross profit margin has shown an upward trend, increasing from 22.20% in 2020 to 26.61% in 2024. This indicates that the company has been able to effectively control its cost of goods sold and generate a higher percentage of revenue as gross profit.
The steady improvement in the gross profit margin suggests that M/I Homes Inc has been able to enhance its operational efficiency and profitability over the years. This trend is favorable as it indicates that the company is effectively managing its production costs and pricing strategies to increase its profitability. Overall, the increasing gross profit margin is a positive indicator of the company's financial health and operational performance.
Peer comparison
Dec 31, 2024