M/I Homes Inc (MHO)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	127,587	118,214	109,658	107,323
Revenue (ttm)	US$ in thousands	4,033,498	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	2,500,290	2,480,625	2,395,122	2,329,534
Net profit margin		11.54%	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%	5.10%	4.77%	4.58%	4.61%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $465,365K ÷ $4,033,498K
= 11.54%

MI Homes Inc.'s net profit margin has shown relatively stable performance over the past eight quarters, fluctuating between 10.69% in Q1 2022 and 11.94% in Q4 2022. The company's net profit margin peaked in Q4 2022 at 11.88% and has since declined slightly but remained above 11% in the most recent quarter, Q4 2023, at 11.54%. This trend suggests that MI Homes Inc. has been able to maintain healthy profitability relative to its revenue during the periods analyzed. The consistency of net profit margin levels indicates effective cost management and operational efficiency within the company. Overall, MI Homes Inc.'s net profit margin performance demonstrates a solid financial health and profitability.