M/I Homes Inc (MHO)

Operating 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
Operating income (ttm)	US$ in thousands	700,031	669,096	662,109	626,522	590,432	621,762	616,926	649,132	637,451	613,130	571,055	529,904	518,296	481,153	452,029	384,554	319,261	272,174	230,727	202,701
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
Operating profit margin		15.55%	15.66%	15.86%	15.36%	14.63%	14.53%	14.53%	15.20%	15.43%	15.46%	14.80%	14.03%	13.84%	13.36%	12.75%	11.66%	10.48%	9.44%	8.59%	7.81%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $700,031K ÷ $4,501,490K
= 15.55%

The operating profit margin of M/I Homes Inc has shown a steady improvement from 7.81% as of March 31, 2020, to 15.55% as of December 31, 2024. This indicates that the company has been able to effectively control its operating expenses and generate a higher level of profit from its core business operations over the period analyzed. The consistent increase in operating profit margin reflects the company's ability to efficiently manage its costs and enhance operational efficiency, leading to improved profitability. Additionally, the relatively stable operating profit margin in the last few quarters suggests that the company has been able to maintain a strong operational performance even amidst changing market conditions. Overall, the trend in operating profit margin signals positive financial health and effective management of operational resources by M/I Homes Inc.