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| Date | Value |
|---|---|
| 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 |