M (MHO) Operating Expenses (2010 - 2026)
M's (MHO) quarterly Operating Expenses came in at $958.7 million in Q2 2026, down 4.37% year-over-year from $1.0 billion in Q2 2025, and up 15.29% quarter-over-quarter from $831.5 million in Q1 2026.
Analysis
M (MHO) Operating Expenses (2010 - 2026) Analysis & Trends
M (MHO) has reported Operating Expenses for 17 consecutive years, with $958.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 4.37% year-over-year to $958.7 million in Q2 2026; TTM through Jun 2026 was $3.8 billion, a 0.72% increase from a year earlier, with the FY2025 full-year figure at $3.9 billion, up 3.19% from the prior year.
- Operating Expenses was $958.7 million for Q2 2026 at M, up from $831.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.1 billion in Q4 2025 and troughed at $738.6 million in Q1 2022.
- A 5-year average of $909.7 million and a median of $867.4 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses decreased 20.73% in 2023 and gained 23.98% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then declined by 20.73% to $834.6 million in 2023, then rose by 23.98% to $1.0 billion in 2024, then advanced by 3.1% to $1.1 billion in 2025, then declined by 10.13% to $958.7 million in 2026.
- The last three Operating Expenses figures came in at $958.7 million (Q2 2026), $831.5 million (Q1 2026), and $1.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.06 Bn | 38.52 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 23.32 Bn | 21.94 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 17.60 Bn | 15.42 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 16.78 Bn | 15.69 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 13.05 Bn | 12.01 Bn | 625.22 Mn | 266.07 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Meritage Homes | 4.38 Bn | 3.58 Bn | 254.14 Mn | 144.19 Mn |
| 8 | M | 3.74 Bn | 3.01 Bn | 235.50 Mn | 958.69 Mn |
| 9 | Kb Home | 3.20 Bn | 3.14 Bn | 174.03 Mn | 140.55 Mn |
| 10 | Green Brick Partners | 3.06 Bn | 2.98 Bn | 157.52 Mn | 54.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 958.69 Mn |
| 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 |