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Mi Homes Inc   (MHO)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 

MHO's Net Income Growth by Quarter and Year

Mi Homes Inc 's Net Income results by quarter and year




MHO Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 105.28 130.40 113.38 80.08
III Quarter September 139.02 131.59 91.01 73.54
II Quarter June 118.00 136.84 107.61 54.51
I Quarter March 103.07 91.84 84.87 31.75
FY   465.37 490.67 396.87 239.88



MHO Net Income fourth quarter 2023 Y/Y Growth Comment
Mi Homes Inc reported decline in Net Income in the fourth quarter 2023 by -19.26% to $ 105.28 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Mi Homes Inc 's Net Income compares unfavorably to the Company's average Net Income jump of 75.55%.

Looking into fourth quarter 2023 results within Construction Services industry 10 other companies have achieved higher Net Income growth. While Mi Homes Inc ' s Net Income fall of -19.26% ranks overall at the positon no. 367 in the fourth quarter 2023.




MHO Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -19.26 % 15.01 % 41.58 % 91.67 %
III Quarter September 5.65 % 44.59 % 23.76 % 94.34 %
II Quarter June -13.77 % 27.16 % 97.41 % 80.2 %
I Quarter March 12.23 % 8.21 % 167.31 % 79.18 %
FY   -5.16 % 23.63 % 65.45 % 88.01 %

Financial Statements
Mi Homes Inc 's fourth quarter 2023 Net Income $ 105.28 millions MHO's Income Statement
Mi Homes Inc 's fourth quarter 2022 Net Income $ 130.40 millions Quarterly MHO's Income Statement
New: More MHO's historic Net Income Growth >>


MHO Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -24.27 % -0.9 % 24.58 % 8.89 %
III Quarter September 17.81 % -3.84 % -15.43 % 34.91 %
II Quarter June 14.49 % 49 % 26.79 % 71.69 %
I Quarter March -20.96 % -19 % 5.98 % -24.01 %
FY (Year on Year)   -5.16 % 23.63 % 65.45 % 88.01 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Construction Services Industry #11
Capital Goods Sector #47
Overall #367

Net Income Y/Y Growth Statistics
High Average Low
1407.23 % 75.55 % -89.13 %
(Sep 30 2013)   (Sep 30 2014)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Construction Services Industry #11
Capital Goods Sector #47
Overall #367
Net Income Y/Y Growth Statistics
High Average Low
1407.23 % 75.55 % -89.13 %
(Sep 30 2013)   (Sep 30 2014)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Mi Homes Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1625.1 % 51.58 % -86.87 %
(Sep 30 2013)  


MHO's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Mi Homes Inc realized fall in Net Income from the third quarter by -24.27% to $ 105.28 millions, from $ 139.02 millions released in the previous reporting period.

But that's not huge issue, as IV. Quarter Net Income frequently gravitate to plunge in this quarter Mason  U. Clarke, Construction Services industry contributor told.

Within Construction Services industry 12 other companies have achieved higher Net Income quarter on quarter growth. While Mi Homes Inc 's Net Income growth quarter on quarter, overall rank is 381.


Net Income Q/Q Growth Company Ranking
Within: No.
Construction Services Industry #13
Capital Goods Sector #51
Overall #381
Net Income Q/Q Growth Company Ranking
Within: No.
Construction Services Industry #13
Capital Goods Sector #51
Overall #381
Net Income Q/Q Growth Statistics
High Average Low
1625.1 % 51.58 % -86.87 %
(Sep 30 2013)  


MHO's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Mi Homes Inc reported fall in Net Income from the third quarter by -24.27% to $ 105.28 millions, from $ 139.02 millions achived a quarter before.

This is not huge problem, as Net Income always seem to slow in this quarter Mason  U. Clarke, Construction Services industry contributor wrote.

Within Construction Services industry 12 other companies have achieved higher Net Income quarter on quarter growth. While Mi Homes Inc 's Net Income growth quarter on quarter, overall rank is 381.


Mi Homes Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 465.37 $ 490.48 $ 483.05 $ 501.89 $ 490.66
Y / Y Net Income Growth (TTM) -5.16 % 3.55 % 11.54 % 24.28 % 23.63 %
Year on Year Net Income Growth Overall Ranking # 151 # 112 # 93 # 79 # 287
Seqeuential Net Income Change (TTM) -5.12 % 1.54 % -3.75 % 2.29 % 3.59 %
Seq. Net Income Growth (TTM) Overall Ranking # 275 # 200 # 152 # 185 # 959




Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2023 Mi Homes Inc reported a decrease in Net Income by -5.16% year on year, to $465 millions, compare to the 3.55% growth at Sep 30 2023.

Among companies within the Capital Goods sector 16 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 112 to 151.

Net Income TTM Q/Q Growth Statistics
High Average Low
2919.4 %
152.78 %
-71.7 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Construction Services Industry # 4
Capital Goods Sector # 17
Overall # 151

Net Income TTM Y/Y Growth Statistics
High Average Low
2919.4 %
152.78 %
-71.7 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 36
S&P 500 # 275
Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2023 Mi Homes Inc reported a decrease in Net Income by -5.16% year on year, to $465 millions, compare to the 3.55% growth at Sep 30 2023.

Among companies within the Capital Goods sector 16 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 112 to 151.

Net Income TTM Q/Q Growth Statistics
High Average Low
2919.4 %
152.78 %
-71.7 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Construction Services Industry # 4
Capital Goods Sector # 17
Overall # 151

Net Income TTM Y/Y Growth Statistics
High Average Low
2919.4 %
152.78 %
-71.7 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 36
S&P 500 # 275




Other Net Income Growth
Construction Services Industry Net Income Growth Trends and Statistics
Capital Goods Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MHO's Net Income Growth Ratio versus Construction Services Industry, Capital Goods Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MHO's Competitors
Net Income Growth for Mi Homes Inc 's Suppliers
Net Income Growth for MHO's Customers

You may also want to know
MHO's Annual Growth Rates MHO's Profitability Ratios MHO's Asset Turnover Ratio MHO's Dividend Growth
MHO's Roe MHO's Valuation Ratios MHO's Financial Strength Ratios MHO's Dividend Payout Ratio
MHO's Roa MHO's Inventory Turnover Ratio MHO's Growth Rates MHO's Dividend Comparisons



Companies with similar Net Income decrease for the quarter ending Dec 31 2023 within Capital Goods SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
D r Horton Inc -1.30%$ -1.301 millions
Zurn Elkay Water Solutions Corporation-2.11%$ -2.113 millions
Myr Group Inc -2.16%$ -2.161 millions
Lockheed Martin Corporation-2.41%$ -2.406 millions
Simpson Manufacturing Co inc -4.87%$ -4.869 millions
Installed Building Products Inc -5.66%$ -5.656 millions
Standex International Corp-5.85%$ -5.847 millions
Primoris Services Corporation-9.26%$ -9.258 millions
Nvr Inc -9.83%$ -9.828 millions
Beazer Homes Usa Inc -10.70%$ -10.698 millions
Textron Inc -12.39%$ -12.389 millions
Graco Inc -12.87%$ -12.868 millions
Trio tech International-13.98%$ -13.982 millions
Idex Corp-16.69%$ -16.692 millions
Lifetime Brands Inc -17.27%$ -17.268 millions
Esab Corporation-17.34%$ -17.341 millions
Twin Disc Inc-18.98%$ -18.977 millions
Columbus Mckinnon Corporation-19.13%$ -19.129 millions
Mi Homes Inc -19.26%$ -19.259 millions
Pultegroup Inc-19.41%$ -19.410 millions
Atkore Inc -20.24%$ -20.238 millions
Itt Inc -20.41%$ -20.413 millions
Illinois Tool Works Inc-20.95%$ -20.948 millions
Hudson Technologies Inc-22.34%$ -22.343 millions
Acm Research Inc -22.62%$ -22.621 millions
Gates Industrial Corporation Plc-23.31%$ -23.307 millions
Meritage Homes Corporation-24.21%$ -24.208 millions
Tri Pointe Homes Inc -34.39%$ -34.391 millions
Lam Research Corporation-35.02%$ -35.018 millions
Ducommun Incorporated-36.77%$ -36.765 millions




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