M/I Homes Inc (MHO)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 546,623 733,608 607,277 637,451 518,296
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 3,166,190 2,939,680 2,516,940 2,070,720 1,624,180
Return on total capital 17.26% 24.96% 24.13% 30.78% 31.91%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $546,623K ÷ ($—K + $3,166,190K)
= 17.26%