Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $3,046 | $3,746 | $4,131 | $4,034 | $4,505 |
| Gross Profit | $685 | $909 | $1,062 | $1,019 | $1,199 |
| Operating Income | $319 | $518 | $637 | $587 | $706 |
| Net Income | $240 | $397 | $491 | $465 | $564 |
Over the past five years, M/I Homes, Inc. has demonstrated robust growth in its key income statement metrics. From 2020 to 2021, revenue jumped from US$3,046 million to US$3,746 million—an increase of approximately 23%—while gross profit advanced by roughly 33% from US$685 million to US$909 million. Operating income also experienced notable improvement, rising from US$319 million to US$518 million (a 62% gain), and net income saw a similar surge, growing from US$240 million to nearly US$397 million. This period of strong growth appears to reflect positive market conditions and effective operational strategies within the residential construction segment, where demand trends and regional market performance have historically played critical roles. Between 2021 and 2024, the company maintained an upward trend, although with moderate fluctuations. Revenue continued to increase to US$4,132 million in 2022 before experiencing a slight decline to US$4,034 million in 2023, potentially indicating short-term market adjustments or operational challenges. However, revenue rebounded to US$4,505 million in 2024, marking an approximate 12% increase from 2023. Gross profit and operating income followed a similar pattern, with both experiencing minor dips in 2023 before recovering in 2024, while net income similarly recovered from a dip in 2023 to reach US$564 million in 2024. Overall, the company’s financial health appears strong and sustainable, with solid performance metrics underpinning its recovery and continued growth, suggesting resilience in the competitive housing market despite minor year-over-year variances.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.