M/I Homes Inc (MHO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 733,608 | 607,277 | 635,207 | 509,114 | 310,043 |
| Revenue | US$ in thousands | 4,504,670 | 4,033,500 | 4,131,390 | 3,745,890 | 3,046,140 |
| Pretax margin | 16.29% | 15.06% | 15.38% | 13.59% | 10.18% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $733,608K ÷ $4,504,670K
= 16.29%
The pretax margin of M/I Homes Inc has shown a positive trend over the years from 2020 to 2024. Starting at 10.18% in December 31, 2020, the pretax margin has steadily increased to reach 16.29% by December 31, 2024. This indicates that the company has been able to effectively manage its operational costs and generate higher earnings before taxes as a percentage of its revenue. Overall, this consistent improvement in pretax margin demonstrates M/I Homes Inc's ability to enhance profitability and operational efficiency over the years.
Peer comparison
Dec 31, 2024
Company name
Symbol
Pretax margin
M/I Homes Inc
MHO
16.29%
Century Communities Inc
CCS
10.01%
DR Horton Inc
DHI
16.94%
Dream Finders Homes Inc
DFH
9.72%
Everus Construction Group Inc
ECG
6.34%
Green Brick Partners Inc
GRBK
24.39%
KB Home
KBH
12.26%
LGI Homes
LGIH
11.75%
Meritage Corporation
MTH
15.76%
NVR Inc
NVR
20.10%
PulteGroup Inc
PHM
22.03%