M/I Homes Inc (MHO)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 733,608 701,025 690,316 651,534 607,277 633,493 622,123 648,939 635,207 612,381 561,959 521,083 509,114 469,601 448,538 378,968 310,043 259,471 214,426 183,902
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
Pretax margin 16.30% 16.41% 16.53% 15.97% 15.04% 14.81% 14.66% 15.19% 15.38% 15.44% 14.57% 13.79% 13.59% 13.04% 12.66% 11.49% 10.18% 9.00% 7.98% 7.08%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $733,608K ÷ $4,501,490K
= 16.30%

M/I Homes Inc's pretax margin has shown a consistent upward trend from March 31, 2020, at 7.08%, to December 31, 2024, at 16.30%. This indicates the company's ability to generate more profit before taxes relative to its revenue over time. The pretax margin reached its peak at 16.53% on June 30, 2024, demonstrating strong profitability. However, there was a slight decrease in the margin in the following period. Overall, the increasing trend in pretax margin reflects well on the company's operational efficiency and overall financial performance.