M (MHO) Gross Margin (2010 - 2026)
M's (MHO) quarterly Gross Margin came in at 22.15% in Q2 2026, down 250.0% year-over-year from 14.77% in Q2 2025, and up 0.66% quarter-over-quarter from 22.0% in Q1 2026.
Analysis
M (MHO) Gross Margin (2010 - 2026) Analysis & Trends
M (MHO) has reported Gross Margin for 17 consecutive years, with 22.15% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 250.0% year-over-year to 22.15% in Q2 2026; TTM through Jun 2026 was 21.48%, a 405.0% decrease from a year earlier, with the FY2025 full-year figure at 23.03%, down 359.0% from the prior year.
- Gross Margin was 22.15% for Q2 2026 at M, up 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.
- Across the five-year window, Gross Margin jumped 362 bps in 2024 and plunged 718 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 22.56% in 2022, then advanced by 11 bps to 25.13% in 2023, then dropped by 2 bps to 24.63% in 2024, then slipped by 29 bps to 17.44% in 2025, then gained by 27 bps to 22.15% in 2026.
- The last three Gross Margin figures came in at 22.15% (Q2 2026), 22.0% (Q1 2026), and 17.44% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 38.14 Bn | 36.00 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 21.98 Bn | 20.60 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 18.64 Bn | 16.45 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 16.49 Bn | 15.39 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.37 Bn | 11.31 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Meritage Homes | 4.05 Bn | 3.25 Bn | 254.14 Mn | 18.14% |
| 8 | M | 3.55 Bn | 2.81 Bn | 235.50 Mn | 22.15% |
| 9 | Kb Home | 2.95 Bn | 2.89 Bn | 174.03 Mn | 15.64% |
| 10 | Green Brick Partners | 2.91 Bn | 2.78 Bn | 157.52 Mn | 31.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.15% |
| Mar 31, 2026 | 22.00% |
| Dec 31, 2025 | 17.44% |
| Sep 30, 2025 | 24.53% |
| Jun 30, 2025 | 24.65% |
| Mar 31, 2025 | 25.90% |
| Dec 31, 2024 | 24.63% |
| Sep 30, 2024 | 27.07% |
| Jun 30, 2024 | 27.87% |
| Mar 31, 2024 | 27.07% |
| Dec 31, 2023 | 25.13% |
| Sep 30, 2023 | 26.92% |
| Jun 30, 2023 | 25.46% |
| Mar 31, 2023 | 23.45% |
| Dec 31, 2022 | 22.56% |
| Sep 30, 2022 | 26.84% |
| Jun 30, 2022 | 27.32% |
| Mar 31, 2022 | 24.76% |
| Dec 31, 2021 | 23.16% |
| Sep 30, 2021 | 24.52% |