MHO Historical Income Statement

MHO Stock

USD 165.03 0.49 0.30%

Historical analysis of MI Homes income statement accounts such as Gross Profit of 1.1 B can show how well MI Homes performed in making a profits. Evaluating MI Homes income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MI Homes's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining MI Homes latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MI Homes is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.

About MHO Income Statement Analysis

MI Homes Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MI Homes shareholders. The income statement also shows MHO investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

MI Homes Income Statement Chart

At this time, MI Homes' EBIT is very stable compared to the past year. As of the 29th of November 2024, EBITDA is likely to grow to about 620.9 M, while Selling General Administrative is likely to drop about 131.3 M.

Total Revenue Gross Profit Other Operating Expenses Cost Of Revenue Net Income Extraordinary Items

Total Revenue

Total revenue comprises all receipts MI Homes generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of MI Homes minus its cost of goods sold. It is profit before MI Homes operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MI Homes. It is also known as MI Homes overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on MI Homes income statement and represents the costs associated with goods and services MI Homes provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in MI Homes financial statement analysis. It represents the amount of money remaining after all of MI Homes operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from MI Homes' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MI Homes current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.At this time, MI Homes' EBIT is very stable compared to the past year. As of the 29th of November 2024, EBITDA is likely to grow to about 620.9 M, while Selling General Administrative is likely to drop about 131.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	908.9M	1.0B	1.0B	1.1B
Total Revenue	3.7B	4.1B	4.0B	4.2B

Gross Profit Total Revenue

MI Homes income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.2	0.76	0.77	0.76	0.76	0.75	0.76	0.76	0.77	0.75	0.5	0.72	0.73	0.68	0.64	0.72	0.76	0.37	0.7	-0.76	0.71	0.66
Interest Expense	0.2		0.29	0.28	0.3	0.23	0.21	0.21	0.29	0.36	0.24	0.64	0.23	0.23	0.1	0.06	0.27	0.31	-0.19	0.05	-0.07	0.41	0.16
Total Revenue	0.76	0.29		0.99	1.0	0.97	0.97	0.97	1.0	0.99	0.97	0.47	0.94	0.87	0.91	0.87	0.94	0.92	0.47	0.85	-0.83	0.81	0.92
Gross Profit	0.77	0.28	0.99		0.99	0.99	0.99	0.99	0.99	0.97	0.99	0.51	0.97	0.88	0.89	0.84	0.97	0.95	0.44	0.88	-0.88	0.87	0.92
Other Operating Expenses	0.76	0.3	1.0	0.99		0.96	0.96	0.96	1.0	1.0	0.95	0.45	0.93	0.87	0.92	0.88	0.92	0.9	0.47	0.82	-0.8	0.79	0.92
Operating Income	0.76	0.23	0.97	0.99	0.96		1.0	1.0	0.96	0.93	1.0	0.53	0.98	0.88	0.86	0.8	0.98	0.97	0.42	0.92	-0.92	0.9	0.9
Ebit	0.75	0.21	0.97	0.99	0.96	1.0		1.0	0.96	0.93	1.0	0.51	0.98	0.88	0.87	0.8	0.98	0.96	0.43	0.92	-0.92	0.89	0.91
Ebitda	0.76	0.21	0.97	0.99	0.96	1.0	1.0		0.96	0.93	1.0	0.51	0.98	0.88	0.87	0.81	0.98	0.96	0.43	0.92	-0.92	0.9	0.91
Cost Of Revenue	0.76	0.29	1.0	0.99	1.0	0.96	0.96	0.96		0.99	0.95	0.45	0.93	0.87	0.92	0.88	0.92	0.9	0.47	0.83	-0.81	0.79	0.92
Total Operating Expenses	0.77	0.36	0.99	0.97	1.0	0.93	0.93	0.93	0.99		0.93	0.47	0.9	0.85	0.9	0.87	0.9	0.88	0.46	0.79	-0.77	0.78	0.91
Income Before Tax	0.75	0.24	0.97	0.99	0.95	1.0	1.0	1.0	0.95	0.93		0.54	0.98	0.88	0.85	0.79	0.98	0.97	0.42	0.92	-0.92	0.91	0.9
Total Other Income Expense Net	0.5	0.64	0.47	0.51	0.45	0.53	0.51	0.51	0.45	0.47	0.54		0.55	0.43	0.29	0.21	0.55	0.62	0.04	0.42	-0.47	0.68	0.25
Net Income	0.72	0.23	0.94	0.97	0.93	0.98	0.98	0.98	0.93	0.9	0.98	0.55		0.79	0.83	0.76	1.0	0.97	0.42	0.91	-0.92	0.9	0.89
Income Tax Expense	0.73	0.23	0.87	0.88	0.87	0.88	0.88	0.88	0.87	0.85	0.88	0.43	0.79		0.78	0.75	0.79	0.82	0.35	0.8	-0.79	0.78	0.79
Selling General Administrative	0.68	0.1	0.91	0.89	0.92	0.86	0.87	0.87	0.92	0.9	0.85	0.29	0.83	0.78		0.99	0.81	0.77	0.49	0.86	-0.72	0.64	0.85
Selling And Marketing Expenses	0.64	0.06	0.87	0.84	0.88	0.8	0.8	0.81	0.88	0.87	0.79	0.21	0.76	0.75	0.99		0.74	0.71	0.52	0.79	-0.64	0.56	0.82
Net Income From Continuing Ops	0.72	0.27	0.94	0.97	0.92	0.98	0.98	0.98	0.92	0.9	0.98	0.55	1.0	0.79	0.81	0.74		0.98	0.4	0.91	-0.93	0.92	0.89
Non Recurring	0.76	0.31	0.92	0.95	0.9	0.97	0.96	0.96	0.9	0.88	0.97	0.62	0.97	0.82	0.77	0.71	0.98		0.45	0.89	-0.92	0.94	0.83
Non Operating Income Net Other	0.37	-0.19	0.47	0.44	0.47	0.42	0.43	0.43	0.47	0.46	0.42	0.04	0.42	0.35	0.49	0.52	0.4	0.45		0.41	-0.45	0.29	0.45
Tax Provision	0.7	0.05	0.85	0.88	0.82	0.92	0.92	0.92	0.83	0.79	0.92	0.42	0.91	0.8	0.86	0.79	0.91	0.89	0.41		-0.91	0.83	0.8
Interest Income	-0.76	-0.07	-0.83	-0.88	-0.8	-0.92	-0.92	-0.92	-0.81	-0.77	-0.92	-0.47	-0.92	-0.79	-0.72	-0.64	-0.93	-0.92	-0.45	-0.91		-0.93	-0.82
Net Interest Income	0.71	0.41	0.81	0.87	0.79	0.9	0.89	0.9	0.79	0.78	0.91	0.68	0.9	0.78	0.64	0.56	0.92	0.94	0.29	0.83	-0.93		0.78
Reconciled Depreciation	0.66	0.16	0.92	0.92	0.92	0.9	0.91	0.91	0.92	0.91	0.9	0.25	0.89	0.79	0.85	0.82	0.89	0.83	0.45	0.8	-0.82	0.78

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MI Homes Account Relationship Matchups

MI Homes income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	311K	15.1M	14.3M	14.6M	14.5M	15.2M
Interest Expense	21.4M	9.7M	2.2M	2.3M	35.8M	37.6M
Total Revenue	2.5B	3.0B	3.7B	4.1B	4.0B	4.2B
Gross Profit	489.4M	676.3M	908.9M	1.0B	1.0B	1.1B
Other Operating Expenses	2.3B	2.7B	3.2B	3.5B	3.4B	3.6B
Operating Income	187.1M	319.3M	518.3M	637.5M	587.2M	616.6M
Ebit	187.1M	324.8M	518.3M	637.5M	576.9M	605.7M
Ebitda	187.4M	339.8M	532.6M	652.1M	591.4M	620.9M
Cost Of Revenue	2.0B	2.4B	2.8B	3.1B	3.0B	3.2B
Total Operating Expenses	302.3M	357.1M	390.6M	406.4M	431.7M	453.3M
Income Before Tax	166.0M	310.0M	509.1M	635.2M	607.3M	637.6M
Total Other Income Expense Net	(21.1M)	(14.7M)	(9.2M)	(2.2M)	20.1M	21.1M
Net Income	127.6M	239.9M	396.9M	490.7M	465.4M	488.6M
Income Tax Expense	38.4M	70.2M	112.2M	144.5M	141.9M	149.0M
Selling General Administrative	148.0M	177.5M	192.0M	214.8M	222.8M	131.3M
Net Income Applicable To Common Shares	127.6M	239.9M	396.9M	490.7M	564.3M	592.5M
Selling And Marketing Expenses	154.4M	179.5M	198.6M	191.6M	208.9M	115.4M
Net Income From Continuing Ops	127.6M	239.9M	396.9M	490.7M	490.5M	515.0M
Non Recurring	7.5M	5.0M	8.4M	18.4M	21.1M	22.2M
Non Operating Income Net Other	311K	466K	7.0M	6K	6.9K	6.6K
Tax Provision	38.4M	70.2M	112.2M	144.5M	143.0M	80.7M
Interest Income	21.1M	9.2M	110K	2.2M	2.0M	1.9M
Net Interest Income	(21.4M)	(9.7M)	(2.2M)	(2.3M)	11.7M	12.3M
Reconciled Depreciation	13.2M	15.1M	14.3M	14.6M	14.5M	14.8M

Pair Trading with MI Homes

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MI Homes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MI Homes will appreciate offsetting losses from the drop in the long position's value.

Moving together with MHO Stock

0.64

Brunswick

Pair Corr

The ability to find closely correlated positions to MI Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MI Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MI Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MI Homes to buy it.

The correlation of MI Homes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MI Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MI Homes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for MI Homes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether MI Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MI Homes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mi Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mi Homes Stock:

How To Invest In MHO

Details

Is MHO Stock a good investment?

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What is MI Homes' Net Worth?

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Largest Household Durables Companies

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Largest Consumer Durables & Apparel Companies

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To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MI Homes. If investors know MHO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MI Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.058

Earnings Share

18.63

Revenue Per Share

153.475

Quarterly Revenue Growth

0.092

Return On Assets

0.0973

The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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MHO Historical Income Statement

About MHO Income Statement Analysis

MI Homes Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

Net Income

MI Homes income statement Correlations

MI Homes Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MI Homes income statement Accounts

Pair Trading with MI Homes

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Operating Expenses	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income

Net Interest Income	- 0.93	Interest Income
Interest Income	- 0.93	Net Income From Continuing Ops
Interest Income	- 0.92	Non Recurring
Interest Income	- 0.92	Net Income
Interest Income	- 0.92	Income Before Tax
Interest Income	- 0.92	Ebitda