MDC on NYSE

MDC Holdings

American home builder

M.D.C. Holdings, Inc. is an American home construction company with headquarters in Denver, Colorado.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$151.9MNet income, fiscal 20254
1972Founded1

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  • TickerMDC on NYSE1
  • IndustryOperative Builders1
  • HeadquartersDenver, Colorado1
  • Websiteir.richmondamerican.com
  • Incorporated inDE5
  • Business address4350 S Monaco Street, Suite 500, Denver, Co 802375
  • Filer categoryNon-accelerated filer5

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M.D.C. Holdings, Inc. is an American home construction company with headquarters in Denver, Colorado. The company has operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. On January 18, 2024, Sekisui House agreed to acquire the company for approximately $5 billion.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

7.3%Net margin4
17.0%Revenue growth, 20247
9.9%Return on equity4
0.37×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue78¢$4.3B
  • Selling, general and admin13¢$743.6M
  • Income tax2¢$101.9M
  • Profit7¢$394.5M

Out of $5.4B in revenue.74

Where each dollar of operating cash went, fiscal 2024

  • Dividends paid85¢$155.5M
  • Kept or used elsewhere15¢$27.5M

Out of $183.0M of cash from operations.4

Financial statements

Revenue8910117$5.4B in 2024+77% since 2018
0$2.0B$4.0B$6.0B2018: $3.1B$3.1B20182019: $3.3B$3.3B2019+7%2020: $3.9B$3.9B2020+18%2021: $5.3B$5.3B2021+35%2022: $5.7B$5.7B2022+9%2023: $4.6B$4.6B2023−19%2024: $5.4B$5.4B2024+17%
Net income891274$394.5M in 2024+87% since 2018
0$200.0M$400.0M$600.0M2018: $210.8M$210.8M20182019: $238.3M$238.3M2019+13%2020: $367.6M$367.6M2020+54%2021: $573.7M$573.7M2021+56%2022: $562.1M$562.1M2022−2%2023: $401.0M$401.0M2023−29%2024: $394.5M$394.5M2024−2%
Fiscal year2018201920202021202220232024
Revenue$3.1B8$3.3B9$3.9B10$5.3B11$5.7B7$4.6B7$5.4B7
Cost of revenue$4.2B7$3.7B7$4.3B7
Selling, general and admin$536.4M7$429.9M4$743.6M4
Operating expenses$71.3M7$62.9M4$74.8M4
Income before tax$751.7M11$759.9M7$526.1M4$496.4M4
Income tax$53.1M8$66.7M9$89.9M10$178.0M11$197.7M7$125.1M4$101.9M4
Net income$210.8M8$238.3M9$367.6M12$573.7M12$562.1M7$401.0M4$394.5M4
Earnings per share$3.468$3.569$5.3310$8.1311$7.877$5.424
Earnings per share (diluted)$3.398$3.449$5.1710$7.8311$7.677$5.294
Shares (weighted, basic)70.2M shares1171.0M shares773.5M shares4
Shares (weighted, diluted)72.9M shares1172.9M shares775.4M shares4

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The story

The company was founded by Larry A. Mizel as Mizel Development Corporation in 1972. The first homebuilding subsidiary began operation in 1977, primarily building single-family homes. The company was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021.

MDC debuted on the New York Stock Exchange in 1984.

From Wikipedia’s article on MDC Holdings, shared under CC BY-SA 4.0.6

Leadership

Who has led MDC Holdings, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Larry A. Mizel2006–2020
  2. David D. Mandarich2020–2024

Chair

  1. Larry A. Mizel2006–2024

President

  1. David D. Mandarich2006–2024

Chief financial officer

  1. Paris G. Reece Iii.2006–2008
  2. John Martin Stephens2012–2015

Chief operating officer

  1. David D. Mandarich2006–2020
19801990200020102020
Board members and other officers (19)

Former names

  • M.D.C. HOLDINGS, INC.Jul 30, 2020 to Sep 8, 20255
  • MDC HOLDINGS INCMay 2, 1994 to Jul 28, 20205

Timeline

  1. Nov 16, 2020New chief executive David D. Mandarich becomes CEO18
  2. Jan 3, 2006New chief executive Larry A. Mizel becomes CEO19
  3. 1972Founded Founded1

Filings

256 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 57 major events, 99 insider forms, 22 large holders, 57 other. The latest 20:

  1. Aug 12, 202610-Q EDGAR
  2. Aug 5, 20268-K EDGAR
  3. May 12, 202610-Q EDGAR
  4. Mar 12, 202610-K EDGAR
  5. Mar 4, 20268-K EDGAR
  6. Feb 13, 20268-K/A EDGAR
  7. Feb 5, 20268-K EDGAR
  8. Jan 5, 20268-K EDGAR
  9. Dec 4, 20258-K EDGAR
  10. Nov 4, 202510-Q EDGAR
  11. Oct 17, 20258-K EDGAR
  12. Sep 8, 20258-K EDGAR
  13. Aug 12, 20258-K EDGAR
  14. Aug 5, 202510-Q EDGAR
  15. May 6, 202510-Q EDGAR
  16. Feb 27, 20258-K EDGAR
  17. Feb 11, 202510-K EDGAR
  18. Dec 20, 20248-K EDGAR
  19. Nov 22, 20248-K EDGAR
  20. Nov 5, 202410-Q EDGAR

The 256 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

24 open-market trades by officers, directors and large owners since October 2021: 0 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 11, 2024BLACKFORD DAVID EDirectorSale6,200$62.69$388.7KForm 4
Sep 1, 2023BLACKFORD DAVID EDirectorSale2,771$48.04$133.1KForm 4
Jul 31, 2023REECE PARIS G IIIDirectorSale15,000$50.88$763.2KForm 4
Jul 28, 2023BLACKFORD DAVID EDirectorSale5,634$50.38$283.8KForm 4
Jul 28, 2023Martin Robert NathanielSVP and CFOSale19,839$49.94$990.8KForm 4
Jun 20, 2023MIZEL LARRY AExecutive ChairmanSale1,322,697$44.21$58.5MForm 4
Jun 14, 2023Berman Michael ADirectorSale17,000$45.15$767.6KForm 4
May 10, 2023Baker Raymond TDirectorSale29,160$41.24$1.2MForm 4
May 9, 2023Martin Robert NathanielSVP and CFOSale13,226$41.55$549.5KForm 4
May 5, 2023MIZEL LARRY AExecutive ChairmanSale125,330$41.45$5.2MForm 4
May 5, 2023MANDARICH DAVID DPresident, CEO and DirectorSale157,044$41.45$6.5MForm 4
May 4, 2023MIZEL LARRY AExecutive ChairmanSale31,714$41.27$1.3MForm 4
Mar 8, 2023BUCHWALD HERBERT TDirectorSale8,349$36.20$302.2KForm 4
Mar 6, 2023BLACKFORD DAVID EDirectorSale4,500$36.67$165.0KForm 4
Mar 3, 2023Siegel DavidDirectorSale4,580$37.22$170.5KForm 4
Feb 8, 2023BLACKFORD DAVID EDirectorSale3,000$38.35$115.0KForm 4
Nov 11, 2022MANDARICH DAVID DPresident, CEO and DirectorSale213,971$32.62$7.0MForm 4
Nov 10, 2022MANDARICH DAVID DPresident, CEO and DirectorSale866,029$32.47$28.1MForm 4
Aug 15, 2022Siegel DavidDirectorSale6,500$35.40$230.1KForm 4
Aug 8, 2022BUCHWALD HERBERT TDirectorSale10,000$35.44$354.4KForm 4

All 24 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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