M (MHO) Gross Margin (2010 - 2026)
M (MHO) posted quarterly Gross Margin of 22.15% for Q2 2026, down 250.0% year-over-year from 14.77% in Q2 2025, and up 0.66% on a QoQ basis from 22.0% in Q1 2026.
M (MHO) Gross Margin (2010 - 2026) Analysis & Trends
M has reported Gross Margin for 17 years, with the latest figure at 22.15% in Q2 2026.
- Gross Margin for Q2 2026 came in at 22.15%, down 250.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 21.48% (down 405.0% YoY), and the FY2025 annual result was 23.03%, down 359.0% from the prior year.
- Gross Margin rose to 22.15% in Q2 2026, from 22.0% in the prior quarter.
- Over five years, Gross Margin peaked at 27.87% in Q2 2024 and troughed at 17.44% in Q4 2025.
- A 5-year average of 24.76% and a median of 24.94% in 2022 frame the typical range for Gross Margin.
- The widest annual swing landed in 2024, when Gross Margin soared 362 bps; it then tumbled 718 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 22.56% in 2022, then grew by 11 bps to 25.13% in 2023, then fell by 2 bps to 24.63% in 2024, then declined by 29 bps to 17.44% in 2025, then climbed by 27 bps to 22.15% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 22.15% in Q2 2026, 22.0% in Q1 2026, and 17.44% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 33.29% |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 18.14% |
| 10 | M | 3.85 Bn | 3.12 Bn | 235.50 Mn | 22.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.15% |
| Mar 31, 2026 | 22.00% |
| Dec 31, 2025 | 94.13% |
| Sep 30, 2025 | 94.34% |
| Jun 30, 2025 | 24.65% |
| Mar 31, 2025 | 25.90% |
| Dec 31, 2024 | -160.04% |
| Sep 30, 2024 | 94.82% |
| Jun 30, 2024 | 27.87% |
| Mar 31, 2024 | 94.85% |
| Dec 31, 2023 | 313.60% |
| Sep 30, 2023 | 94.86% |
| Jun 30, 2023 | 25.46% |
| Mar 31, 2023 | 95.09% |
| Dec 31, 2022 | -142.69% |
| Sep 30, 2022 | 26.84% |
| Jun 30, 2022 | 95.56% |
| Mar 31, 2022 | 24.76% |
| Dec 31, 2021 | -156.11% |
| Sep 30, 2021 | 24.52% |