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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 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 105.28 130.40 113.38
III Quarter September - 139.02 131.59 91.01
II Quarter June - 118.00 136.84 107.61
I Quarter March 138.06 103.07 91.84 84.87
FY   138.06 465.37 490.67 396.87



MHO Net Income first quarter 2024 Y/Y Growth Comment
Mi Homes Inc reported Net Income improvement of 33.95% year on year in the first quarter 2024, to $ 138.06 millions, this is lower than Mi Homes Inc 's recent average Net Income surge of 149.14%.

Looking into first quarter 2024 results within Construction Services industry 4 other companies have achieved higher Net Income growth. While Mi Homes Inc ' s Net Income rise of 33.95% ranks overall at the positon no. 340 in the first quarter 2024.




MHO Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - -19.26 % 15.01 % 41.58 %
III Quarter September - 5.65 % 44.59 % 23.76 %
II Quarter June - -13.77 % 27.16 % 97.41 %
I Quarter March 33.95 % 12.23 % 8.21 % 167.31 %
FY   - -5.16 % 23.63 % 65.45 %

Financial Statements
Mi Homes Inc 's first quarter 2024 Net Income $ 138.06 millions MHO's Income Statement
Mi Homes Inc 's first quarter 2023 Net Income $ 103.07 millions Quarterly MHO's Income Statement
New: More MHO's historic Net Income Growth >>


MHO Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - -24.27 % -0.9 % 24.58 %
III Quarter September - 17.81 % -3.84 % -15.43 %
II Quarter June - 14.49 % 49 % 26.79 %
I Quarter March 31.14 % -20.96 % -19 % 5.98 %
FY (Year on Year)   - -5.16 % 23.63 % 65.45 %




Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Construction Services Industry #5
Capital Goods Sector #41
Overall #340

Net Income Y/Y Growth Statistics
High Average Low
2919.4 % 149.14 % -71.7 %
(Dec 31 2013)   (June 30. 2015)
Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Construction Services Industry #5
Capital Goods Sector #41
Overall #340
Net Income Y/Y Growth Statistics
High Average Low
2919.4 % 149.14 % -71.7 %
(Dec 31 2013)   (June 30. 2015)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Mi Homes Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1625.1 % 51.12 % -86.87 %
(Sep 30 2013)  


MHO's I. Quarter Q/Q Net Income Comment
Mi Homes Inc achieved in the I. Quarter 2024 below company average Net Income jump of 31.14% quarter on quarter, to $ 138.06 millions.

I. Quarter 2024 Mi Homes Inc 's results were a mixed bag, albeit beneath the regular growth of 51.12 %, yet it presents a quite acceleration relative to the -20.96% in the same quarter a year ago

Within Construction Services industry only one company achieved higher sequential Net Income growth. While Mi Homes Inc 's Net Income growth quarter on quarter, overall rank is 136.


Net Income Q/Q Growth Company Ranking
Within: No.
Construction Services Industry #2
Capital Goods Sector #11
Overall #136
Net Income Q/Q Growth Company Ranking
Within: No.
Construction Services Industry #2
Capital Goods Sector #11
Overall #136
Net Income Q/Q Growth Statistics
High Average Low
1625.1 % 51.12 % -86.87 %
(Sep 30 2013)  


MHO's I. Quarter Q/Q Net Income Comment
Mi Homes Inc achieved in the I. Quarter 2024 below company average Net Income jump of 31.14% quarter on quarter, to $ 138.06 millions.

I. Quarter 2024 performance appear to be paradoxical, although lower than the average, yet it shows absolute acceleration measured to the -20.96% in the I. Quarter 2023 Noah Dupont, an industry contributor wrote.

Within Construction Services industry only one company achieved higher sequential Net Income growth. While Mi Homes Inc 's Net Income growth quarter on quarter, overall rank is 136.


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


Net Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Net Income 12 Months Ending $ 500.36 $ 465.37 $ 490.48 $ 483.05 $ 501.89
Y / Y Net Income Growth (TTM) -0.3 % -5.16 % 3.55 % 11.54 % 24.28 %
Year on Year Net Income Growth Overall Ranking # 191 # 151 # 112 # 93 # 79
Seqeuential Net Income Change (TTM) 7.52 % -5.12 % 1.54 % -3.75 % 2.29 %
Seq. Net Income Growth (TTM) Overall Ranking # 340 # 275 # 200 # 152 # 185




Cumulative Net Income growth Comment
Mi Homes Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, Mi Homes Inc 's annual Net Income improvement would be -0.3% year on year to $500 millions.

Within the Capital Goods sector 21 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 151 to 191.

Net Income TTM Q/Q Growth Statistics
High Average Low
2919.4 %
149.14 %
-71.7 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Construction Services Industry # 5
Capital Goods Sector # 22
Overall # 191

Net Income TTM Y/Y Growth Statistics
High Average Low
2919.4 %
149.14 %
-71.7 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 41
S&P 500 # 340
Cumulative Net Income growth Comment
Mi Homes Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, Mi Homes Inc 's annual Net Income drop would be -0.3% year on year to $500 millions.

Within the Capital Goods sector 21 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 151 to 191.

Net Income TTM Q/Q Growth Statistics
High Average Low
2919.4 %
149.14 %
-71.7 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Construction Services Industry # 5
Capital Goods Sector # 22
Overall # 191

Net Income TTM Y/Y Growth Statistics
High Average Low
2919.4 %
149.14 %
-71.7 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 41
S&P 500 # 340




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 drop for the quarter ending Mar 31 2024 within Capital Goods SectorY/Y Change %Net Income for the quarter ending Mar 31 2024
Xylem Inc 54.55%$ 54.545 millions
Zurn Elkay Water Solutions Corporation50.44%$ 50.439 millions
Caterpillar Inc46.96%$ 46.962 millions
Twin Disc Inc41.82%$ 41.818 millions
Meritage Homes Corporation41.67%$ 41.671 millions
Trane Technologies Plc41.37%$ 41.369 millions
The St Joe Company38.19%$ 38.192 millions
Curtiss wright Corporation34.57%$ 34.565 millions
Mi Homes Inc 33.95%$ 33.954 millions
Green Brick Partners Inc 33.24%$ 33.240 millions
Thermon Group Holdings inc 30.93%$ 30.931 millions
Tri Pointe Homes Inc 30.50%$ 30.503 millions
Quanta Services Inc 30.03%$ 30.031 millions
Eaton Corporation Plc28.64%$ 28.638 millions
Gencor Industries Inc 27.68%$ 27.683 millions
Lennox International Inc26.84%$ 26.837 millions
Ingersoll Rand Inc 25.31%$ 25.306 millions
D r Horton Inc 24.65%$ 24.652 millions
Pultegroup Inc24.56%$ 24.559 millions
The Gorman rupp Company20.92%$ 20.920 millions
M d c Holdings Inc 18.73%$ 18.735 millions
Lam Research Corporation18.65%$ 18.651 millions
Huntington Ingalls Industries Inc 18.60%$ 18.605 millions




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