M/I Homes Inc (MHO)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 706,094 | 576,862 | 637,451 | 518,296 | 319,261 |
| Revenue | US$ in thousands | 4,504,670 | 4,033,500 | 4,131,390 | 3,745,890 | 3,046,140 |
| Operating profit margin | 15.67% | 14.30% | 15.43% | 13.84% | 10.48% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $706,094K ÷ $4,504,670K
= 15.67%
M/I Homes Inc's operating profit margin has demonstrated a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The operating profit margin increased from 10.48% in 2020 to 15.67% in 2024. This upward trajectory indicates an improvement in the company's ability to generate profits from its core operations over time. The company's operating efficiency and cost management strategies seem to have been effective in enhancing profitability. However, there was a slight dip in the operating profit margin from 2022 to 2023, suggesting potential fluctuations in the company's operational performance during that period. Overall, the increasing trend in the operating profit margin reflects positively on M/I Homes Inc's financial health and management effectiveness.
Peer comparison
Dec 31, 2024