M (MHO) Shares Outstanding (Diluted) (2010 - 2026)
M (MHO) reported Shares Outstanding (Diluted) of 26.19 million for Q2 2026, down 4.4% from 27.41 million a year earlier and down 1.4% from the prior quarter.
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Analysis
M (MHO) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, M posted Shares Outstanding (Diluted) of 27.34 million, down 4.4% from FY2024.
- Shares Outstanding (Diluted) has a five-year compound annual growth rate of -1.3% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 28.6 million in FY2024 (-0.4%), 28.72 million in FY2023 (+0.9%), 28.46 million in FY2022 (-4.7%) and 29.88 million in FY2021 (+2.5%).
- The Q2 2026 figure ranks as the lowest quarterly Shares Outstanding (Diluted) since Q2 2013.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last eight quarters, with an average decline of 3.5% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q3 2021 (growth of 2.5%); the low point was Q3 2022 (a decline of 6.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 26.56 million (Q1 2026), 27.34 million (Q4 2025) and 27.19 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.57 Bn | 31.88 Bn | 2.15 Bn | 283.00 Mn |
| 2 | Pultegroup | 22.55 Bn | 15.92 Bn | 1.07 Bn | 187.84 Mn |
| 3 | Lennar | 20.18 Bn | 10.55 Bn | 618.54 Mn | 237.76 Mn |
| 4 | Nvr | 16.10 Bn | 9.38 Bn | 485.14 Mn | 2.82 Mn |
| 5 | Toll Brothers | 13.13 Bn | 8.50 Bn | 625.22 Mn | 94.45 Mn |
| 6 | Champion Homes | 4.42 Bn | 1.90 Bn | - | 56.28 Mn |
| 7 | Meritage Homes | 4.23 Bn | 1.15 Bn | 513.60 Mn | 66.13 Mn |
| 8 | Cavco Industries | 4.18 Bn | 2.93 Bn | - | 7.89 Mn |
| 9 | M | 3.18 Bn | 251.62 Mn | 235.50 Mn | 26.19 Mn |
| 10 | Kb Home | 2.86 Bn | 2.07 Bn | -857.09 Mn | 61.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.19 Mn |
| Mar 31, 2026 | 26.56 Mn |
| Dec 31, 2025 | 27.34 Mn |
| Sep 30, 2025 | 27.19 Mn |
| Jun 30, 2025 | 27.41 Mn |
| Mar 31, 2025 | 27.94 Mn |
| Dec 31, 2024 | 28.60 Mn |
| Sep 30, 2024 | 28.53 Mn |
| Jun 30, 2024 | 28.67 Mn |
| Mar 31, 2024 | 28.89 Mn |
| Dec 31, 2023 | 28.72 Mn |
| Sep 30, 2023 | 28.84 Mn |
| Jun 30, 2023 | 28.62 Mn |
| Mar 31, 2023 | 28.31 Mn |
| Dec 31, 2022 | 28.46 Mn |
| Sep 30, 2022 | 28.19 Mn |
| Jun 30, 2022 | 28.59 Mn |
| Mar 31, 2022 | 29.07 Mn |
| Dec 31, 2021 | 29.88 Mn |
| Sep 30, 2021 | 30.03 Mn |
API Access
M Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MHO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "MHO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MHO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();