M/I Homes Inc (MHO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,195,701 | 1,146,472 | 1,118,764 | 1,068,213 | 1,022,139 | 1,049,074 | 1,039,256 | 1,065,359 | 1,043,842 | 1,012,913 | 962,752 | 919,833 | 908,915 | 874,060 | 846,820 | 761,855 | 676,343 | 610,371 | 550,038 | 513,464 |
| Revenue (ttm) | US$ in thousands | 4,501,490 | 4,272,008 | 4,175,468 | 4,080,238 | 4,036,708 | 4,277,910 | 4,244,470 | 4,271,110 | 4,131,391 | 3,966,141 | 3,857,530 | 3,777,920 | 3,745,885 | 3,600,562 | 3,544,164 | 3,297,318 | 3,046,145 | 2,881,868 | 2,687,292 | 2,596,784 |
| Gross profit margin | 26.56% | 26.84% | 26.79% | 26.18% | 25.32% | 24.52% | 24.48% | 24.94% | 25.27% | 25.54% | 24.96% | 24.35% | 24.26% | 24.28% | 23.89% | 23.11% | 22.20% | 21.18% | 20.47% | 19.77% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,195,701K ÷ $4,501,490K
= 26.56%
The gross profit margin of M/I Homes Inc has shown a consistent upward trend from March 31, 2020, to December 31, 2024. The margin has increased steadily from 19.77% in March 2020 to 26.56% in December 2024. This indicates that the company has been able to improve its profitability on sales over the period.
The average gross profit margin for the period is approximately 24.23%, with the highest margin recorded in March 2024 at 26.79%. The margins have fluctuated slightly over the quarters but generally maintained an increasing trend.
A rising gross profit margin typically signifies that the company is effectively managing its production costs, pricing strategies, and sales volume. It suggests that M/I Homes Inc has been successful in controlling its cost of goods sold while increasing its revenue, leading to improved profitability.
Overall, the upward trajectory of the gross profit margin is a positive indicator of the company's financial performance and operational efficiency during the period under review.
Peer comparison
Dec 31, 2024