M (MHO) Net Margin (2010 - 2026)
M's Net Margin came in at 6.18% for Q3 2026, down 3.22 percentage points from 9.41% a year earlier and down 1.25 percentage points from the prior quarter.
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Analysis
M (MHO) Net Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, M reported Net Margin of 6.59%, down 3.96 percentage points year-over-year; for FY2025, it came in at 9.12%, down 3.39 percentage points from FY2024.
- Net Margin carries a five-year change of +1.25 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 12.51% in FY2024 (+0.98 pp), 11.54% in FY2023 (-0.34 pp), 11.88% in FY2022 (+1.28 pp) and 10.59% in FY2021 (+2.72 pp).
- The five-year range for quarterly Net Margin is 5.58% (Q4 2025) to 13.29% (Q3 2023).
- Year-over-year, Net Margin has declined for seven consecutive quarters, with an average year-over-year change of -2.92 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q3 2022 (a gain of 2.93 percentage points), and the weakest in Q4 2025 (a drop of 5.50 percentage points).
- Business Quant data shows MHO's Net Margin at 7.44% (Q2 2026), 7.37% (Q1 2026) and 5.58% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 42.23 Bn | 32.53 Bn | 2.15 Bn | 9.81% |
| 2 | Pultegroup | 24.45 Bn | 17.81 Bn | 1.07 Bn | 11.97% |
| 3 | Lennar | 20.89 Bn | 11.26 Bn | 618.54 Mn | 3.53% |
| 4 | Nvr | 16.29 Bn | 10.42 Bn | 482.36 Mn | 10.35% |
| 5 | Toll Brothers | 14.27 Bn | 9.64 Bn | 625.22 Mn | 10.54% |
| 6 | Cavco Industries | 5.07 Bn | 4.03 Bn | 147.61 Mn | 8.45% |
| 7 | Champion Homes | 5.06 Bn | 2.27 Bn | 185.60 Mn | 7.24% |
| 8 | Meritage Homes | 4.37 Bn | 1.35 Bn | 410.22 Mn | 2.89% |
| 9 | M | 3.35 Bn | 533.96 Mn | - | 6.18% |
| 10 | Kb Home | 3.06 Bn | 2.26 Bn | -857.09 Mn | 5.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.18% |
| Jun 30, 2026 | 7.44% |
| Mar 31, 2026 | 7.37% |
| Dec 31, 2025 | 5.58% |
| Sep 30, 2025 | 9.41% |
| Jun 30, 2025 | 10.43% |
| Mar 31, 2025 | 11.40% |
| Dec 31, 2024 | 11.07% |
| Sep 30, 2024 | 12.73% |
| Jun 30, 2024 | 13.22% |
| Mar 31, 2024 | 13.19% |
| Dec 31, 2023 | 10.82% |
| Sep 30, 2023 | 13.29% |
| Jun 30, 2023 | 11.64% |
| Mar 31, 2023 | 10.30% |
| Dec 31, 2022 | 10.71% |
| Sep 30, 2022 | 12.99% |
| Jun 30, 2022 | 13.15% |
| Mar 31, 2022 | 10.67% |
| Dec 31, 2021 | 10.78% |
API Access
M Net Margin 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=net-margin&ticker=MHO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=MHO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();