M (MHO) Operating Expenses (2010 - 2026)
M (MHO) posted quarterly Operating Expenses of $958.7 million for Q2 2026, down 4.37% year-over-year from $1.0 billion in Q2 2025, and up 15.29% on a QoQ basis from $831.5 million in Q1 2026.
M (MHO) Operating Expenses (2010 - 2026) Analysis & Trends
M has reported Operating Expenses for 17 years, with the latest figure at $958.7 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $958.7 million, down 4.37% year-over-year; the trailing twelve-month figure through Jun 2026 was $3.8 billion (up 0.72% YoY), and the FY2025 annual result was $3.9 billion, up 3.19% from the prior year.
- Operating Expenses advanced to $958.7 million in Q2 2026, 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.
- The widest annual swing landed in 2023, when Operating Expenses retreated 20.73%; it then rose 23.98% in 2024.
- A 5-year view of Operating Expenses shows it stood at $1.1 billion in 2022, then retreated by 20.73% to $834.6 million in 2023, then advanced by 23.98% to $1.0 billion in 2024, then grew by 3.1% to $1.1 billion in 2025, then retreated by 10.13% to $958.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $958.7 million in Q2 2026, $831.5 million in Q1 2026, and $1.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 164.30 Mn |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 144.19 Mn |
| 10 | M | 3.85 Bn | 3.12 Bn | 235.50 Mn | 958.69 Mn |
Historic Data
Download 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 |