M/I Homes Inc (MHO)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 563,725 465,365 490,662 396,868 239,874
Revenue US$ in thousands 4,504,670 4,033,500 4,131,390 3,745,890 3,046,140
Net profit margin 12.51% 11.54% 11.88% 10.59% 7.87%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $563,725K ÷ $4,504,670K
= 12.51%

The net profit margin of M/I Homes Inc has shown a positive trend over the past five years, increasing from 7.87% in December 31, 2020 to 12.51% in December 31, 2024. This indicates that the company has become more efficient in converting its revenue into net profit over the years. The rising net profit margin signifies that M/I Homes Inc has been able to effectively manage its costs and expenses relative to its revenue, leading to improved profitability. This trend is a positive indicator of the company's financial performance and operational efficiency.