M (MHO) Tax Rate (2010 - 2026)
M's (MHO) quarterly Tax Rate came in at 24.39% in Q2 2026, up 9.0% year-over-year from 22.37% in Q2 2025, and up 1.91% quarter-over-quarter from 23.93% in Q1 2026.
Analysis
M (MHO) Tax Rate (2010 - 2026) Analysis & Trends
M (MHO) has reported Tax Rate for 17 consecutive years, with 24.39% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate rose 9.0% year-over-year to 24.39% in Q2 2026; TTM through Jun 2026 was 23.35%, a 20.0% increase from a year earlier, with the FY2025 full-year figure at 23.48%, up 32.0% from the prior year.
- Tax Rate was 24.39% for Q2 2026 at M, up from 23.93% in the prior quarter.
- Over five years, Tax Rate peaked at 24.89% in Q2 2022 and troughed at 20.54% in Q4 2025.
- A 5-year average of 23.25% and a median of 23.86% in 2025 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 314 bps in 2023 and slumped 195 bps in 2024, its largest moves.
- Over 5 years, Tax Rate stood at 20.55% in 2022, then increased by 15 bps to 23.69% in 2023, then slipped by 8 bps to 21.74% in 2024, then retreated by 6 bps to 20.54% in 2025, then gained by 19 bps to 24.39% in 2026.
- The last three Tax Rate figures came in at 24.39% (Q2 2026), 23.93% (Q1 2026), and 20.54% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 38.17 Bn | 36.03 Bn | 2.15 Bn | 25.08% |
| 2 | Pultegroup | 21.99 Bn | 20.62 Bn | 1.06 Bn | 24.17% |
| 3 | Lennar | 18.75 Bn | 16.57 Bn | 7.69 Bn | - |
| 4 | Nvr | 16.44 Bn | 15.35 Bn | 485.14 Mn | 25.79% |
| 5 | Toll Brothers | 12.40 Bn | 11.34 Bn | 625.22 Mn | 25.25% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 23.15% |
| 7 | Meritage Homes | 4.07 Bn | 3.26 Bn | 254.14 Mn | 24.83% |
| 8 | M | 3.57 Bn | 2.83 Bn | 235.50 Mn | 24.39% |
| 9 | Kb Home | 2.95 Bn | 2.88 Bn | 174.03 Mn | 26.58% |
| 10 | Green Brick Partners | 2.91 Bn | 2.78 Bn | 157.52 Mn | 20.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.39% |
| Mar 31, 2026 | 23.93% |
| Dec 31, 2025 | 20.54% |
| Sep 30, 2025 | 23.84% |
| Jun 30, 2025 | 24.30% |
| Mar 31, 2025 | 23.88% |
| Dec 31, 2024 | 21.74% |
| Sep 30, 2024 | 22.91% |
| Jun 30, 2024 | 24.42% |
| Mar 31, 2024 | 23.41% |
| Dec 31, 2023 | 23.69% |
| Sep 30, 2023 | 21.89% |
| Jun 30, 2023 | 24.07% |
| Mar 31, 2023 | 24.21% |
| Dec 31, 2022 | 20.55% |
| Sep 30, 2022 | 21.01% |
| Jun 30, 2022 | 24.89% |
| Mar 31, 2022 | 24.88% |
| Dec 31, 2021 | 19.77% |
| Sep 30, 2021 | 21.69% |