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
DateValue
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%