M MHO
NYSE MHO
$142.30 -0.99 (-0.69%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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