M (MHO) Gross Margin (2010 - 2026)
M's (MHO) quarterly Gross Margin came in at 22.0% in Q1 2026, down 389.0% year-on-year from 7.61% in Q1 2025, and down 76.62% on a QoQ basis from 94.13% in Q4 2025.
M (MHO) Gross Margin (2010 - 2026) Analysis & Trends
M (MHO) has 17 years of Gross Margin data on file, last reported at 22.0% in Q1 2026.
- On a quarterly basis, Gross Margin fell 389.0% year-over-year to 22.0% in Q1 2026; TTM through Mar 2026 was 60.45%, a 6683.0% increase from a year earlier, with the FY2025 full-year figure at 94.39%, up 6777.0% from the prior year.
- Gross Margin for Q1 2026 stood at 22.0%, down from 94.13% in the prior quarter.
- Over the last five years, Gross Margin for MHO reached as high as 313.6% in Q4 2023 and fell as low as 160.04% in Q4 2024.
- Historically, Gross Margin has averaged 50.12% across 5 years, with a median of 27.87% in 2024.
- Across the five-year window, Gross Margin jumped 45629 bps in 2023 and sank 47364 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 142.69% in 2022, then surged by 320 bps to 313.6% in 2023, then tumbled by 151 bps to 160.04% in 2024, then jumped by 159 bps to 94.13% in 2025, then sank by 77 bps to 22.0% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 22.0% in Q1 2026, 94.13% in Q4 2025, and 94.34% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.90 Bn | 39.56 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 98.48% |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | 6.19% |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | 26.22% |
| 10 | M | 4.43 Bn | 3.66 Bn | 202.59 Mn | 22.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 25.12% |