M/I Homes Inc. reported its fourth quarter (Q4) and full year (FY) 2025 financial results. In Q4 2025, new contracts increased 9% to 1,921 units, while homes delivered totaled 2,301 units. Revenue for the quarter was USD 1.1 billion, a decrease of 5%. Pre-tax income for the period was USD 81 million, which included charges of USD 51 million related to inventory and warranty. The company reported a gross margin of 18.1% for Q4 2025, or 22.6% excluding charges. Net income attributable to shareholders for Q4 was USD 64 million, with diluted earnings per share of USD 2.39, or USD 3.91 per diluted share excluding charges. The average home closing price for the quarter was USD 484,000. For the full year 2025, new contracts totaled 8,199 units and homes delivered reached 8,921 units. The average home closing price for the year was USD 479,000. The company ended the quarter with 232 communities. M/I Homes Inc. maintained a debt to capital ratio of 18% and reported a net debt to capital ratio of zero as of year-end. The company also repurchased USD 50 million of stock during Q4 2025.

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