MHOM/I HOMES, INC.
Operative Builders
- Revenue
- $4.4B
- 1.9% YoY
- Operating margin
- 11.5%
- 27% YoY
- EBITDA
- $525M
- 27% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired34% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowFired147% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | $4.1B | $4.0B | $4.5B | $4.4B | 1.9% |
| Operating income | $518M | $637M | $587M | $706M | $507M | 28% |
| Net income | $397M | $491M | $465M | $564M | $403M | 29% |
| Operating cash flow | −$17M | $184M | $552M | $180M | $137M | 24% |
| Capex | $25M | $9M | $6M | $8M | $10M | 14% |
| Stock-based comp | $9M | $9M | $11M | $15M | $17M | 17% |
| Buybacks | $52M | $55M | $65M | $177M | $202M | 14% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Sep 19, 2025 | 8-K | Mentions Long Lake | — | — |
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $5M | 289 | 204 |
| FY2024 | $11M | $8M | 300 | 210 |
| FY2023 | $9M | $43M | 311 | 211 |
| FY2022 | $8M | $5M | 104 | 121 |
| FY2021 | $7M | $13M | 140 | 150 |