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The Nation’s Largest Homebuilder Commands a 75% Valuation Premium Despite Lower Returns Than Its Regional Rival

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Quick Read M/I Homes delivered a record 2,296 homes but missed earnings by 10% as gross margins compressed from 26.8% to 23.9%. M/I Homes trades at 8x earnings versus D.R. Horton’s 14x despite delivering 219% five-year returns compared to D.R. Horton’s 153%. M/I Homes increased…

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