M/I Homes Inc (MHO)

Net 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
Net income (ttm)	US$ in thousands	563,725	535,538	529,105	500,360	465,365	490,478	483,052	501,889	490,662	473,650	433,072	403,841	396,868	363,568	346,093	292,994	239,874	201,571	165,872	141,610
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
Net profit margin		12.52%	12.54%	12.67%	12.26%	11.53%	11.47%	11.38%	11.75%	11.88%	11.94%	11.23%	10.69%	10.59%	10.10%	9.77%	8.89%	7.87%	6.99%	6.17%	5.45%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $563,725K ÷ $4,501,490K
= 12.52%

M/I Homes Inc has shown a steady increase in its net profit margin over the past few years, reflecting an improvement in its profitability. The net profit margin, which measures the percentage of revenue that translates into net income, has shown consistent growth from 5.45% in March 2020 to 12.52% in December 2024.

This upward trend indicates that the company has been effectively managing its costs and increasing its profitability over time. The progressive improvement in net profit margin suggests that M/I Homes Inc has been successful in generating more profits from its operations relative to its total revenue.

Overall, the rising net profit margin of M/I Homes Inc reflects a positive financial performance and efficiency in converting revenue into profits. It indicates that the company has been successful in controlling expenses and operating more profitably as it continues to grow its business.