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| 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 |