M (MHO) Operating Expenses (2010 - 2026)

M's (MHO) quarterly Operating Expenses came in at $831.5 million in Q1 2026, little changed year-on-year from $830.0 million in Q1 2025, and down 22.05% on a QoQ basis from $1.1 billion in Q4 2025.

M (MHO) Operating Expenses (2010 - 2026) Analysis & Trends

M (MHO) has 17 years of Operating Expenses data on file, last reported at $831.5 million in Q1 2026.

  • On a quarterly basis, Operating Expenses changed 0.19% year-over-year to $831.5 million in Q1 2026; TTM through Mar 2026 was $3.9 billion, a 4.24% increase from a year earlier, with the FY2025 full-year figure at $3.9 billion, up 3.19% from the prior year.
  • Operating Expenses for Q1 2026 stood at $831.5 million, down from $1.1 billion in the prior quarter.
  • Over the last five years, Operating Expenses for MHO reached as high as $1.1 billion in Q4 2025 and fell as low as $738.6 million in Q1 2022.
  • Historically, Operating Expenses has averaged $906.8 million across 5 years, with a median of $866.5 million in 2024.
  • Across the five-year window, Operating Expenses retreated 20.73% in 2023 and rose 23.98% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $1.1 billion in 2022, then slipped by 20.73% to $834.6 million in 2023, then grew by 23.98% to $1.0 billion in 2024, then rose by 3.1% to $1.1 billion in 2025, then declined by 22.05% to $831.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $831.5 million in Q1 2026, $1.1 billion in Q4 2025, and $992.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 40.90 Bn 39.56 Bn 2.15 Bn 991.20 Mn
2 Pultegroup 23.36 Bn 22.03 Bn 3.92 Bn 382.97 Mn
3 Lennar 19.77 Bn 19.63 Bn 7.69 Bn 7.54 Bn
4 Nvr 17.18 Bn 15.54 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 15.08 Bn 13.99 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.96 Bn 6.31 Bn 290.64 Mn 148.85 Mn
7 Installed Building Products 5.97 Bn 5.50 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.78 Bn 4.01 Bn 68.61 Mn 130.87 Mn
9 Champion Homes 4.47 Bn 3.81 Bn 172.19 Mn 109.73 Mn
10 M 4.43 Bn 3.66 Bn 202.59 Mn 831.54 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 831.54 Mn
Dec 31, 2025 1.07 Bn
Sep 30, 2025 991.97 Mn
Jun 30, 2025 1.00 Bn
Mar 31, 2025 829.97 Mn
Dec 31, 2024 1.03 Bn
Sep 30, 2024 954.24 Mn
Jun 30, 2024 915.64 Mn
Mar 31, 2024 866.46 Mn
Dec 31, 2023 834.61 Mn
Sep 30, 2023 868.41 Mn
Jun 30, 2023 858.66 Mn
Mar 31, 2023 864.55 Mn
Dec 31, 2022 1.05 Bn
Sep 30, 2022 846.33 Mn
Jun 30, 2022 858.48 Mn
Mar 31, 2022 738.56 Mn
Dec 31, 2021 910.39 Mn
Sep 30, 2021 788.15 Mn
Jun 30, 2021 819.74 Mn