Southern Homebuilding was M’s largest region in fiscal 2025, bringing in $4.80B of $8.84B (54%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Southern Homebuilding | $4.66B | $4.83B | $4.98B | $4.80B | ||||||
| Northern Homebuilding | $3.43B | $3.05B | $3.80B | $3.78B | ||||||
| Midwest Homebuilding | — | — | — | — | ||||||
| Mid-Atlantic Homebuilding | — | — | — | — | ||||||
| Financial Service | $172.39M | $187.66M | $232.41M | $250.93M | ||||||
| Financial Services Sector | — | — | — | — | ||||||
| Financial Services | — | — | — | — | ||||||
| Total | $8.26B | $8.07B | $9.01B | $8.84B |
M brought in $8.84B from its three regions in fiscal 2025, the year ended December 31, 2025. That was down 1.9% from $9.01B in fiscal 2024. Southern Homebuilding was the largest at $4.80B (54.4%), ahead of Northern Homebuilding at $3.78B (42.8%) and Financial Service at $250.93M (2.8%).
Compared with fiscal 2024, Financial Service grew fastest, up 8.0% to $250.93M, while Southern Homebuilding fell the most, down 3.5% to $4.80B. From fiscal 2022 to 2025, combined revenue from these regions grew from $8.26B to $8.84B, a compound annual growth rate of 2.3%. Southern Homebuilding's share of the total fell from 56.4% to 54.4%.
Construction was M’s largest product and service line in fiscal 2025, bringing in $8.55B of $8.84B (97%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Construction | $8.02B | $7.83B | $8.75B | $8.55B | |||
| Financial Service | $172.39M | $187.66M | $232.41M | $250.93M | |||
| Land | $69.54M | $50.60M | $25.27M | $35.29M | |||
| Total | $8.26B | $8.07B | $9.01B | $8.84B |
M brought in $8.84B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 1.9% from $9.01B in fiscal 2024. Construction was the largest at $8.55B (96.8%), ahead of Financial Service at $250.93M (2.8%) and Land at $35.29M (0.4%).
Compared with fiscal 2024, Financial Service grew 8.0% to $250.93M, while Construction fell 2.3% to $8.55B. From fiscal 2022 to 2025, combined revenue from these lines grew from $8.26B to $8.84B, a compound annual growth rate of 2.3%. Construction's share held steady at about 96.8%.
Guarantor Subsidiaries was M’s largest revenue line in fiscal 2014, bringing in $2.37B of $2.43B (98%).
| Legal Entity | FY 2010 | FY 2011 | FY 2011 | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|---|---|---|
| Guarantor Subsidiaries | $1.10B | $1.10B | $1.48B | $2.02B | $2.37B | |
| Non-Guarantor Subsidiaries | $28.93M | $28.93M | $46.51M | $57.08M | $60.24M | |
| Total | $1.13B | $1.13B | $1.52B | $2.07B | $2.43B |
M brought in $2.43B from its two revenue lines in fiscal 2014, the year ended December 31, 2014. That was up 17.2% from $2.07B in fiscal 2013. Guarantor Subsidiaries was the largest at $2.37B (97.5%), ahead of Non-Guarantor Subsidiaries at $60.24M (2.5%).
Compared with fiscal 2013, Guarantor Subsidiaries grew 17.5% to $2.37B and Non-Guarantor Subsidiaries grew 5.5% to $60.24M. From fiscal 2011 to 2014, combined revenue from these revenue lines grew from $1.13B to $2.43B, a compound annual growth rate of 29.0%. Guarantor Subsidiaries' share held steady at about 97.5%.
M (MHO) reports its revenue by geography, by product and service and by legal entity. In fiscal 2025, Southern Homebuilding was its largest region, bringing in $4.80B (54.4% of the total), followed by Northern Homebuilding at $3.78B (42.8%).
Southern Homebuilding was M's largest region in fiscal 2025, bringing in $4.80B, or 54.4% of the $8.84B total across its three regions.
Construction was M's largest product and service line in fiscal 2025, bringing in $8.55B, or 96.8% of the $8.84B total across its three product and service lines.
Guarantor Subsidiaries was M's largest revenue line in fiscal 2014, bringing in $2.37B, or 97.5% of the $2.43B total across its two revenue lines.
Among M's regions that make up at least 2% of revenue, Financial Service grew fastest in fiscal 2025, up 8.0% from $232.41M to $250.93M.
Every figure comes from M's annual financial filings, as reported. Each line keeps the name M gives it, and years follow its fiscal calendar.
M's revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.