M/I Homes Inc (MHO) - Net Assets
Based on the latest financial reports, M/I Homes Inc (MHO) has net assets worth $3.17 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.81 Billion) and total liabilities ($1.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check M/I Homes Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.17 Billion |
| % of Total Assets | 65.87% |
| Annual Growth Rate | 12.22% |
| 5-Year Change | 94.94% |
| 10-Year Change | 384.0% |
| Growth Volatility | 15.98 |
M/I Homes Inc - Net Assets Trend (1993–2025)
This chart illustrates how M/I Homes Inc's net assets have evolved over time, based on quarterly financial data. Also explore M/I Homes Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for M/I Homes Inc (1993–2025)
The table below shows the annual net assets of M/I Homes Inc from 1993 to 2025. For live valuation and market cap data, see M/I Homes Inc (MHO) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.17 Billion | +7.71% |
| 2024-12-31 | $2.94 Billion | +16.80% |
| 2023-12-31 | $2.52 Billion | +21.55% |
| 2022-12-31 | $2.07 Billion | +27.49% |
| 2021-12-31 | $1.62 Billion | +29.04% |
| 2020-12-31 | $1.26 Billion | +25.43% |
| 2019-12-31 | $1.00 Billion | +17.32% |
| 2018-12-31 | $855.30 Million | +14.45% |
| 2017-12-31 | $747.30 Million | +14.24% |
| 2016-12-31 | $654.17 Million | +9.66% |
| 2015-12-31 | $596.57 Million | +9.60% |
| 2014-12-31 | $544.29 Million | +10.45% |
| 2013-12-31 | $492.80 Million | +46.92% |
| 2012-12-31 | $335.43 Million | +22.71% |
| 2011-12-31 | $273.35 Million | -9.93% |
| 2010-12-31 | $303.49 Million | -7.12% |
| 2009-12-31 | $326.76 Million | -1.89% |
| 2008-12-31 | $333.06 Million | -42.71% |
| 2007-12-31 | $581.35 Million | -5.79% |
| 2006-12-31 | $617.05 Million | +4.13% |
| 2005-12-31 | $592.57 Million | +21.52% |
| 2004-12-31 | $487.61 Million | +21.17% |
| 2003-12-31 | $402.41 Million | +18.45% |
| 2002-12-31 | $339.73 Million | +21.38% |
| 2001-12-31 | $279.89 Million | +22.28% |
| 2000-12-31 | $228.89 Million | +14.16% |
| 1999-12-31 | $200.50 Million | +20.35% |
| 1998-12-31 | $166.60 Million | +44.24% |
| 1997-12-31 | $115.50 Million | +2.85% |
| 1996-12-31 | $112.30 Million | +12.86% |
| 1995-12-31 | $99.50 Million | +11.05% |
| 1994-12-31 | $89.60 Million | +13.27% |
| 1993-12-31 | $79.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to M/I Homes Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 11407.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.27 Billion | 103.22% |
| Common Stock | $301.00K | 0.01% |
| Total Equity | $3.17 Billion | 100.00% |
M/I Homes Inc Competitors by Market Cap
The table below lists competitors of M/I Homes Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henzhen Zhaowei Machinery And Elect
SHE:003021
|
$3.40 Billion |
|
Henan Yuneng Holdings Co Ltd
SHE:001896
|
$3.40 Billion |
|
Yunnan Xiyi Industrial Co Ltd
SHE:002265
|
$3.40 Billion |
|
MiTAC Holdings Corp
TW:3706
|
$3.40 Billion |
|
MiniMed Group, Inc. Common Stock
NASDAQ:MMED
|
$3.40 Billion |
|
Adtalem Global Education Inc
NYSE:ATGE
|
$3.40 Billion |
|
ITV PLC UNSP.ADR/10LS-10
F:IJ70
|
$3.40 Billion |
|
Energix Renewable Energies Ltd
TA:ENRG
|
$3.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M/I Homes Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,939,677,000 to 3,166,190,000, a change of 226,513,000 (7.7%).
- Net income of 402,941,000 contributed positively to equity growth.
- Share repurchases of 202,033,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $402.94 Million | +12.73% |
| Share Repurchases | $202.03 Million | -6.38% |
| Other Changes | $25.61 Million | +0.81% |
| Total Change | $- | 7.71% |
Book Value vs Market Value Analysis
This analysis compares M/I Homes Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.16x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $3.60 | $130.09 | x |
| 1994-12-31 | $5.09 | $130.09 | x |
| 1995-12-31 | $5.65 | $130.09 | x |
| 1996-12-31 | $6.38 | $130.09 | x |
| 1997-12-31 | $7.09 | $130.09 | x |
| 1998-12-31 | $9.81 | $130.09 | x |
| 1999-12-31 | $11.29 | $130.09 | x |
| 2000-12-31 | $14.21 | $130.09 | x |
| 2001-12-31 | $18.21 | $130.09 | x |
| 2002-12-31 | $21.91 | $130.09 | x |
| 2003-12-31 | $27.14 | $130.09 | x |
| 2004-12-31 | $33.85 | $130.09 | x |
| 2005-12-31 | $40.76 | $130.09 | x |
| 2006-12-31 | $43.55 | $130.09 | x |
| 2007-12-31 | $41.59 | $130.09 | x |
| 2008-12-31 | $23.76 | $130.09 | x |
| 2009-12-31 | $19.53 | $130.09 | x |
| 2010-12-31 | $16.38 | $130.09 | x |
| 2011-12-31 | $14.62 | $130.09 | x |
| 2012-12-31 | $16.86 | $130.09 | x |
| 2013-12-31 | $17.13 | $130.09 | x |
| 2014-12-31 | $18.20 | $130.09 | x |
| 2015-12-31 | $19.85 | $130.09 | x |
| 2016-12-31 | $21.72 | $130.09 | x |
| 2017-12-31 | $24.35 | $130.09 | x |
| 2018-12-31 | $29.31 | $130.09 | x |
| 2019-12-31 | $35.24 | $130.09 | x |
| 2020-12-31 | $43.18 | $130.09 | x |
| 2021-12-31 | $54.36 | $130.09 | x |
| 2022-12-31 | $72.75 | $130.09 | x |
| 2023-12-31 | $87.65 | $130.09 | x |
| 2024-12-31 | $102.79 | $130.09 | x |
| 2025-12-31 | $115.82 | $130.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M/I Homes Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.12%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.51x
- Recent ROE (12.73%) is above the historical average (9.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 20.35% | 3.61% | 1.96x | 2.88x | $8.19 Million |
| 1994 | 12.95% | 2.36% | 1.77x | 3.10x | $2.64 Million |
| 1995 | 9.95% | 1.88% | 1.88x | 2.83x | $-50.00K |
| 1996 | 11.40% | 2.22% | 1.89x | 2.72x | $1.57 Million |
| 1997 | 15.06% | 2.83% | 1.68x | 3.17x | $5.85 Million |
| 1998 | 16.63% | 3.75% | 1.73x | 2.56x | $11.04 Million |
| 1999 | 20.75% | 4.88% | 1.60x | 2.65x | $21.55 Million |
| 2000 | 19.42% | 4.75% | 1.65x | 2.48x | $21.56 Million |
| 2001 | 19.75% | 5.66% | 1.60x | 2.19x | $27.29 Million |
| 2002 | 19.61% | 6.45% | 1.79x | 1.70x | $32.64 Million |
| 2003 | 20.31% | 7.64% | 1.43x | 1.86x | $41.49 Million |
| 2004 | 18.77% | 7.79% | 1.20x | 2.01x | $42.77 Million |
| 2005 | 17.01% | 7.48% | 1.01x | 2.24x | $41.53 Million |
| 2006 | 6.30% | 2.86% | 0.92x | 2.39x | $-22.83 Million |
| 2007 | -22.04% | -12.61% | 0.91x | 1.92x | $-186.26 Million |
| 2008 | -73.69% | -40.39% | 0.88x | 2.08x | $-278.75 Million |
| 2009 | -19.01% | -10.90% | 0.86x | 2.03x | $-94.79 Million |
| 2010 | -8.66% | -4.26% | 0.93x | 2.18x | $-56.62 Million |
| 2011 | -12.39% | -5.98% | 0.85x | 2.43x | $-61.21 Million |
| 2012 | 3.98% | 1.75% | 0.92x | 2.48x | $-20.20 Million |
| 2013 | 30.73% | 14.61% | 0.93x | 2.25x | $102.14 Million |
| 2014 | 9.33% | 4.18% | 1.00x | 2.23x | $-3.64 Million |
| 2015 | 8.68% | 3.65% | 1.00x | 2.37x | $-7.89 Million |
| 2016 | 8.65% | 3.35% | 1.09x | 2.37x | $-8.81 Million |
| 2017 | 9.65% | 3.67% | 1.05x | 2.50x | $-2.65 Million |
| 2018 | 12.59% | 4.71% | 1.13x | 2.36x | $22.13 Million |
| 2019 | 12.71% | 5.10% | 1.19x | 2.10x | $27.24 Million |
| 2020 | 19.06% | 7.87% | 1.15x | 2.10x | $114.00 Million |
| 2021 | 24.43% | 10.59% | 1.16x | 1.99x | $234.45 Million |
| 2022 | 23.70% | 11.88% | 1.11x | 1.79x | $283.59 Million |
| 2023 | 18.49% | 11.55% | 1.00x | 1.60x | $213.67 Million |
| 2024 | 19.18% | 12.51% | 0.99x | 1.55x | $269.76 Million |
| 2025 | 12.73% | 9.12% | 0.92x | 1.51x | $86.32 Million |
Industry Comparison
This section compares M/I Homes Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $911,849,300
- Average return on equity (ROE) among peers: 13.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M/I Homes Inc (MHO) | $3.17 Billion | 20.35% | 0.52x | $3.40 Billion |
| Beazer Homes USA Inc (BZH) | $1.23 Billion | 11.38% | 1.10x | $608.73 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.96 Billion |
| Dream Finders Homes Inc (DFH) | $1.09 Billion | 27.24% | 1.36x | $520.11 Million |
| DR Horton Inc (DHI) | $802.39 Million | 19.92% | 1.94x | $43.57 Billion |
| Green Brick Partners Inc (GRBK) | $77.89 Million | -17.50% | 3.45x | $2.89 Billion |
| Hovnanian Enterprises Inc (HOV) | $1.97 Billion | 23.92% | 1.39x | $569.25 Million |
| Installed Building Products Inc (IBP) | $91.87 Million | 15.16% | 1.55x | $7.83 Billion |
| KB Home (KBH) | $2.18 Billion | 22.03% | 1.67x | $3.25 Billion |
| Legacy Housing Corp (LEGH) | $189.28 Million | 11.37% | 0.24x | $513.63 Million |
| Lennar Corporation (LEN) | $1.23 Billion | 18.65% | 2.08x | $19.08 Billion |
About M/I Homes Inc
M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and at… Read more