MHO vs. PHM

Last updated Apr 1, 2026

Compare and contrast key facts about M/I Homes, Inc. (MHO) and PulteGroup, Inc. (PHM).

Performance

MHO vs. PHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in M/I Homes, Inc. (MHO) and PulteGroup, Inc. (PHM). The values are adjusted to include any dividend payments, if applicable.

MHO vs. PHM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MHO M/I Homes, Inc.	-4.30%	-3.76%	-3.48%	198.27%	-25.73%	40.39%	12.55%	87.20%	-38.90%	36.62%
PHM PulteGroup, Inc.	0.51%	8.54%	6.22%	128.76%	-19.22%	34.03%	12.55%	51.33%	-20.76%	83.43%

Fundamentals

EPS MHO : $14.74 PHM : $12.92
PE Ratio MHO : 8.31 PHM : 9.10
PEG Ratio MHO : 1.70 PHM : 0.29
PS Ratio MHO : 0.76 PHM : 1.23
Total Revenue (TTM) MHO : $4.42B PHM : $12.71B
Gross Profit (TTM) MHO : $1.02B PHM : $3.49B
EBITDA (TTM) MHO : $546.63M PHM : $2.33B

Returns By Period

In the year-to-date period, MHO achieves a -4.30% return, which is significantly lower than PHM's 0.51% return. Both investments have delivered pretty close results over the past 10 years, with MHO having a 21.00% annualized return and PHM not far ahead at 21.81%.

MHO

• 1D: 3.22%
• 1M: -13.86%
• YTD: -4.30%
• 6M: -15.22%
• 1Y: 7.24%
• 3Y*: 24.74%
• 5Y*: 14.90%
• 10Y*: 21.00%

PHM

• 1D: 3.42%
• 1M: -14.10%
• YTD: 0.51%
• 6M: -10.62%
• 1Y: 15.32%
• 3Y*: 27.34%
• 5Y*: 18.20%
• 10Y*: 21.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MHO vs. PHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MHO

MHO Risk / Return Rank: 47
MHO Sharpe Ratio Rank: 50
MHO Sortino Ratio Rank: 44
MHO Omega Ratio Rank: 42
MHO Calmar Ratio Rank: 50
MHO Martin Ratio Rank: 50

PHM

PHM Risk / Return Rank: 57
PHM Sharpe Ratio Rank: 58
PHM Sortino Ratio Rank: 55
PHM Omega Ratio Rank: 51
PHM Calmar Ratio Rank: 61
PHM Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MHO vs. PHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for M/I Homes, Inc. (MHO) and PulteGroup, Inc. (PHM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MHO	PHM	Difference
Sharpe ratio Return per unit of total volatility	0.20	0.43	-0.23
Sortino ratio Return per unit of downside risk	0.57	0.94	-0.37
Omega ratio Gain probability vs. loss probability	1.07	1.11	-0.04
Calmar ratio Return relative to maximum drawdown	0.32	0.82	-0.50
Martin ratio Return relative to average drawdown	0.68	1.76	-1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MHO vs. PHM - Sharpe Ratio Comparison

The current MHO Sharpe Ratio is 0.20, which is lower than the PHM Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of MHO and PHM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MHO	PHM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	0.43	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.53	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.60	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.26	-0.07

Correlation

The correlation between MHO and PHM is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MHO vs. PHM - Dividend Comparison

MHO has not paid dividends to shareholders, while PHM's dividend yield for the trailing twelve months is around 0.82%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MHO M/I Homes, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHM PulteGroup, Inc.	0.82%	0.78%	0.75%	0.66%	1.34%	1.00%	1.16%	1.16%	1.46%	1.08%	1.96%	1.85%

Drawdowns

MHO vs. PHM - Drawdown Comparison

The maximum MHO drawdown since its inception was -91.51%, roughly equal to the maximum PHM drawdown of -92.40%. Use the drawdown chart below to compare losses from any high point for MHO and PHM.

Drawdown Indicators

	MHO	PHM	Difference
Max Drawdown Largest peak-to-trough decline	-91.51%	-92.40%	+0.89%
Max Drawdown (1Y) Largest decline over 1 year	-24.60%	-20.06%	-4.54%
Max Drawdown (5Y) Largest decline over 5 years	-51.52%	-40.99%	-10.53%
Max Drawdown (10Y) Largest decline over 10 years	-79.57%	-62.11%	-17.46%
Current Drawdown Current decline from peak	-30.00%	-20.14%	-9.86%
Average Drawdown Average peak-to-trough decline	-41.18%	-35.56%	-5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.73%	9.41%	+2.32%

Volatility

MHO vs. PHM - Volatility Comparison

M/I Homes, Inc. (MHO) and PulteGroup, Inc. (PHM) have volatilities of 8.42% and 8.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MHO	PHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.42%	8.73%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	22.94%	22.57%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	35.51%	35.76%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.16%	34.60%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.92%	36.38%	+9.54%

Financials

MHO vs. PHM - Profitability Comparison

The chart below illustrates the profitability comparison between M/I Homes, Inc. and PulteGroup, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MHO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, M/I Homes, Inc. reported a gross profit of 207.71M and revenue of 1.15B. Therefore, the gross margin over that period was 18.1%.

PHM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PulteGroup, Inc. reported a gross profit of 1.24M and revenue of 4.61M. Therefore, the gross margin over that period was 26.8%.

MHO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, M/I Homes, Inc. reported an operating income of 74.64M and revenue of 1.15B, resulting in an operating margin of 6.5%.

PHM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PulteGroup, Inc. reported an operating income of 847.98K and revenue of 4.61M, resulting in an operating margin of 18.4%.

MHO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, M/I Homes, Inc. reported a net income of 63.97M and revenue of 1.15B, resulting in a net margin of 5.6%.

PHM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PulteGroup, Inc. reported a net income of 501.61K and revenue of 4.61M, resulting in a net margin of 10.9%.