M (MHO) Invested Capital (2010 - 2026)
M (MHO) posted Invested Capital of $3.23 billion for Q2 2026, up 4.7% from $3.08 billion a year earlier and up 1.1% from the prior quarter.
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Analysis
M (MHO) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, M's Invested Capital came in at $3.17 billion, up 7.7% from FY2024.
- Annual Invested Capital has increased for nine consecutive years, with a five-year compound annual growth rate of 20.2% (FY2020 to FY2025).
- In prior years, M's Invested Capital was $2.94 billion in FY2024 (+16.8%), $2.52 billion in FY2023 (+21.5%), $2.07 billion in FY2022 (+27.1%) and $1.63 billion in FY2021 (+29.0%).
- The Q2 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2010.
- On a year-over-year basis, Invested Capital has increased in each of the last 25 quarters, with growth averaging 11.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Invested Capital ranged from 4.7% (Q2 2026) to 31.3% (Q3 2021).
- According to Business Quant data, Invested Capital for the three prior quarters was $3.19 billion (Q1 2026), $3.17 billion (Q4 2025) and $3.15 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.61 Bn | 31.91 Bn | 2.15 Bn | 31.52 Bn |
| 2 | Pultegroup | 22.54 Bn | 15.84 Bn | 1.06 Bn | 14.83 Bn |
| 3 | Lennar | 20.07 Bn | 10.44 Bn | 618.54 Mn | 25.99 Bn |
| 4 | Nvr | 16.40 Bn | 9.68 Bn | 485.14 Mn | 4.30 Bn |
| 5 | Toll Brothers | 13.20 Bn | 8.57 Bn | 625.22 Mn | 11.31 Bn |
| 6 | Champion Homes | 4.44 Bn | 1.92 Bn | - | 1.59 Bn |
| 7 | Cavco Industries | 4.24 Bn | 2.99 Bn | - | - |
| 8 | Meritage Homes | 4.18 Bn | 1.10 Bn | 513.60 Mn | 6.91 Bn |
| 9 | M | 3.16 Bn | 235.45 Mn | 235.50 Mn | 3.48 Bn |
| 10 | Kb Home | 2.81 Bn | 2.02 Bn | -857.09 Mn | 5.91 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48 Bn |
| Mar 31, 2026 | 3.45 Bn |
| Dec 31, 2025 | 3.44 Bn |
| Sep 30, 2025 | 3.38 Bn |
| Jun 30, 2025 | 3.36 Bn |
| Mar 31, 2025 | 3.23 Bn |
| Dec 31, 2024 | 3.23 Bn |
| Sep 30, 2024 | 3.08 Bn |
| Jun 30, 2024 | 2.96 Bn |
| Mar 31, 2024 | 2.86 Bn |
| Dec 31, 2023 | 2.68 Bn |
| Sep 30, 2023 | 2.63 Bn |
| Jun 30, 2023 | 2.48 Bn |
| Mar 31, 2023 | 2.41 Bn |
| Dec 31, 2022 | 2.32 Bn |
| Sep 30, 2022 | 2.13 Bn |
| Jun 30, 2022 | 2.01 Bn |
| Mar 31, 2022 | 1.91 Bn |
| Dec 31, 2021 | 1.89 Bn |
| Sep 30, 2021 | 1.76 Bn |
API Access
M Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=MHO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "MHO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=MHO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();