M (MHO) Operating Expenses (2010 - 2026)

M (MHO) reported Operating Expenses of $831.5 million for Q1 2026, little changed year-over-year from $830.0 million in Q1 2025, and down 22.05% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $831.5 million, changed 0.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.9 billion (up 4.24% YoY), and the FY2025 annual result was $3.9 billion, up 3.19% from the prior year.
  • Operating Expenses fell to $831.5 million in Q1 2026 per MHO's latest filing, from $1.1 billion 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 $906.8 million and a median of $866.5 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses slipped 20.73% in 2023, then advanced 23.98% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $1.1 billion in 2022, then fell by 20.73% to $834.6 million in 2023, then gained by 23.98% to $1.0 billion in 2024, then climbed by 3.1% to $1.1 billion in 2025, then decreased by 22.05% to $831.5 million in 2026.
  • Business Quant data shows MHO's Operating Expenses at $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 43.54 Bn 42.20 Bn 1.70 Bn 903.30 Mn
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 380.33 Mn
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn 6.40 Bn
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 58.97 Mn
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 51.40 Mn
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 81.36 Mn
10 M 3.65 Bn 2.88 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