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M/I Homes vs Pultegroup: revenue, profit, margins and growth compared

M/I Homes brought in $4.4B of revenue in fiscal 2025, Pultegroup $17.3B in fiscal 2025. Revenue changed by -1.9% at M/I Homes and -3.5% at Pultegroup on the year before, so M/I Homes grew faster. M/I Homes kept 9.1% of its revenue as net profit, Pultegroup 12.8%. Free cash flow was $127.7M at M/I Homes and $1.7B at Pultegroup.

Side by side, latest fiscal year

MHOPHM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.4B$17.3B
Revenue growth-1.9%-3.5%
Net income$402.9M$2.2B
Net margin9.1%12.8%
Free cash flow$127.7M$1.7B
Free cash flow margin2.9%10.1%
Earnings per share (diluted)$14.74$11.12
Cash$689.2M$2B
Debtn/a$43.9M
Price to earnings9.410.8
Market value$3.5B$22.5B
Dividend yieldn/a0.77%
Rank by revenue in sector#221 of 778 · Consumer discretionary#71 of 778 · Consumer discretionary

Over the years

Revenue
MHO FY2018: $2.3BMHO FY2019: $2.5BMHO FY2020: $3BMHO FY2021: $3.7BMHO FY2022: $4.1BMHO FY2023: $4BMHO FY2024: $4.5BMHO FY2025: $4.4BPHM FY2018: $10.2BPHM FY2019: $10.2BPHM FY2020: $11BPHM FY2021: $13.7BPHM FY2022: $16BPHM FY2023: $16.1BPHM FY2024: $17.9BPHM FY2025: $17.3BFY18FY19FY20FY21FY22FY23FY24FY25
MHO $4.4BPHM $17.3B
Net income
MHO FY2018: $107.7MMHO FY2019: $127.6MMHO FY2020: $239.9MMHO FY2021: $396.9MMHO FY2022: $490.7MMHO FY2023: $465.4MMHO FY2024: $563.7MMHO FY2025: $402.9MPHM FY2018: $1BPHM FY2019: $1BPHM FY2020: $1.4BPHM FY2021: $1.9BPHM FY2022: $2.6BPHM FY2023: $2.6BPHM FY2024: $3.1BPHM FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
MHO $402.9MPHM $2.2B
Net margin
MHO FY2018: 4.7%MHO FY2019: 5.1%MHO FY2020: 7.9%MHO FY2021: 10.6%MHO FY2022: 11.9%MHO FY2023: 11.5%MHO FY2024: 12.5%MHO FY2025: 9.1%PHM FY2018: 10.0%PHM FY2019: 10.0%PHM FY2020: 12.7%PHM FY2021: 14.2%PHM FY2022: 16.4%PHM FY2023: 16.2%PHM FY2024: 17.2%PHM FY2025: 12.8%FY18FY19FY20FY21FY22FY23FY24FY25
MHO 9.1%PHM 12.8%
Revenue growth
MHO FY2019: +9.4%MHO FY2020: +21.8%MHO FY2021: +23.0%MHO FY2022: +10.3%MHO FY2023: -2.4%MHO FY2024: +11.7%MHO FY2025: -1.9%PHM FY2019: +0.2%PHM FY2020: +8.1%PHM FY2021: +24.5%PHM FY2022: +16.5%PHM FY2023: +0.4%PHM FY2024: +11.7%PHM FY2025: -3.5%FY19FY20FY21FY22FY23FY24FY25
MHO -1.9%PHM -3.5%
Free cash flow
MHO FY2018: -$10.7MMHO FY2019: $61.1MMHO FY2020: $156.7MMHO FY2021: -$42.1MMHO FY2022: $174.7MMHO FY2023: $546.4MMHO FY2024: $171.3MMHO FY2025: $127.7MPHM FY2018: $1.4BPHM FY2019: $1BPHM FY2020: $1.7BPHM FY2021: $931.2MPHM FY2022: $555.8MPHM FY2023: $2.1BPHM FY2024: $1.6BPHM FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
MHO $127.7MPHM $1.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about M/I Homes and Pultegroup

Which is bigger by revenue, M/I Homes or Pultegroup?

Pultegroup is bigger by revenue: $17.3B in fiscal 2025, against $4.4B for M/I Homes in fiscal 2025.

Which keeps more of its revenue as profit, M/I Homes or Pultegroup?

M/I Homes had a net margin of 9.1% in fiscal 2025; Pultegroup had 12.8% in fiscal 2025.

Which grew revenue faster, M/I Homes or Pultegroup?

In their latest fiscal years revenue changed by -1.9% at M/I Homes and -3.5% at Pultegroup.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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