8-K Announcements
6Material company update
Apr 22, 2026·SEC
Material company update
Mar 26, 2026·SEC
Material company update
Feb 19, 2026·SEC
Meritage Homes Corporation(MTH)Earnings, Financials & Key Ratios
MTH•NYSE
11.8× P/E·Price updated Jun 19, 2026
AboutMeritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.Show more
- Revenue$5.86B-8.4%
- EBITDA$563M-42.8%
- Net Income$453M-42.4%
- EPS (Diluted)6.40-40.3%
- Gross Margin19.69%-21.2%
- EBITDA Margin9.61%-37.6%
- Operating Margin9.18%-38.8%
- Net Margin7.73%-37.1%
- ROE8.76%-45.6%
MTH Key Insights
Meritage Homes Corporation (MTH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Healthy dividend yield of 2.3%
- ✓Share count reduced 3.4% through buybacks
- ✓Healthy 5Y average net margin of 12.4%
- ✓Trading at only 1.0x book value
✗Weaknesses
- ✗Low quality earnings: Net income not backed by cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when MTH posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
MTH Price & Volume
Meritage Homes Corporation (MTH) stock price & volume — 10-year historical chart
Loading chart...
MTH Growth Metrics
Meritage Homes Corporation (MTH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.55%
5 Years5.41%
3 Years-2.36%
TTM-10.63%
Profit CAGR
10 Years13.41%
5 Years1.36%
3 Years-23%
TTM-46.68%
EPS CAGR
10 Years15.27%
5 Years3.08%
3 Years-21.77%
TTM-44.84%
Return on Capital
10 Years14.75%
5 Years18.52%
3 Years13.37%
Last Year7.89%
MTH Recent Earnings
Meritage Homes Corporation (MTH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$0.86-11.9%
$0.98
Rev
$1.1B-5.1%
$1.2B
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$1.67+7.7%
$1.55
Rev
$1.4B-5.5%
$1.5B
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$1.39-14.7%
$1.63
Rev
$1.4B-4.1%
$1.5B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$2.04+2.5%
$1.99
Rev
$1.6B+10.4%
$1.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.86vs $0.98-11.9% | $1.1Bvs $1.2B-5.1% |
| Q1 2026 | Jan 28, 2026 | $1.67vs $1.55+7.7% | $1.4Bvs $1.5B-5.5% |
| Q4 2025 | Oct 28, 2025 | $1.39vs $1.63-14.7% | $1.4Bvs $1.5B-4.1% |
| Q3 2025 | Jul 23, 2025 | $2.04vs $1.99+2.5% | $1.6Bvs $1.5B+10.4% |
Based on last 12 quarters of dataView full earnings history →
MTH Peer Comparison
Meritage Homes Corporation (MTH) competitors in Public single-family homebuilders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DHI | 45.72B | 157.81 | 13.64 | -6.93% | 9.51% | 12.94% | 0.24 | |
 LEN | 22.28B | 89.73 | 11.24 | -3.54% | 5.39% | 7.98% | 0.29 | |
 PHM | 24.39B | 126.96 | 11.42 | -3.54% | 12.14% | 15.92% | 0.19 | |
 NVR | 18.03B | 6490.93 | 14.87 | -2.08% | 13.17% | 34.29% | 0.31 | |
 TOL | 14.74B | 155.67 | 11.54 | 1.11% | 11.66% | 15.47% | 0.35 | |
 KBH | 3.42B | 54.20 | 8.81 | -10.01% | 6.88% | 10.8% | 0.44 | |
 TPH | 4B | 46.96 | 17.26 | -22.75% | 5.65% | 5.56% | 0.39 | |
 TMHC | 6.69B | 71.58 | 9.21 | -0.57% | 8.83% | 10.84% | 0.37 |
Compare MTH vs Peers
Meritage Homes Corporation (MTH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MTH Income Statement
Meritage Homes Corporation (MTH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 3.24B | 3.53B | 3.67B | 4.5B | 5.14B | 6.29B | 6.14B | 6.4B | 5.86B | 5.62B |
Revenue Growth % | 6.55% | 8.87% | 3.92% | 22.75% | 14.22% | 22.38% | -2.45% | 4.18% | -8.4% | -10.63% |
Cost of Goods Sold | 2.65B | 2.87B | 2.96B | 3.5B | 3.7B | 4.49B | 4.62B | 4.8B | 4.69B | 4.56B |
COGS % of Revenue | 81.63% | 81.3% | 80.71% | 77.76% | 72.04% | 71.35% | 75.25% | 75.01% | 80.04% | - |
Gross Profit | 595.25M▲ 0% | 659.9M▲ 10.9% | 707.49M▲ 7.2% | 1B▲ 41.5% | 1.44B▲ 43.6% | 1.8B▲ 25.4% | 1.52B▼ 15.7% | 1.6B▲ 5.2% | 1.15B▼ 27.8% | 1.05B▲ 0% |
Gross Margin % | 18.37% | 18.7% | 19.29% | 22.24% | 27.96% | 28.65% | 24.75% | 24.99% | 19.69% | 18.64% |
Gross Profit Growth % | 6.88% | 10.86% | 7.21% | 41.47% | 43.61% | 25.43% | -15.75% | 5.22% | -27.82% | - |
Operating Expenses | 345.69M | 380.38M | 392.82M | 446.92M | 466.85M | 516.25M | 616.63M | 639.92M | 616.17M | 515.85M |
OpEx % of Revenue | 10.67% | 10.78% | 10.71% | 9.93% | 9.08% | 8.2% | 10.05% | 10.01% | 10.52% | - |
Selling, General & Admin | 345.69M | 380.38M | 392.82M | 446.92M | 466.85M | 516.25M | 616.63M | 639.92M | 211.76M | 515.85M |
SG&A % of Revenue | 10.67% | 10.78% | 10.71% | 9.93% | 9.08% | 8.2% | 10.05% | 10.01% | 3.62% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 404.4M | 0 |
Operating Income | 249.57M▲ 0% | 279.52M▲ 12.0% | 314.67M▲ 12.6% | 553.98M▲ 76.0% | 970.58M▲ 75.2% | 1.29B▲ 32.6% | 902.39M▼ 29.9% | 958.35M▲ 6.2% | 537.48M▼ 43.9% | 453.98M▲ 0% |
Operating Margin % | 7.7% | 7.92% | 8.58% | 12.31% | 18.88% | 20.45% | 14.7% | 14.99% | 9.18% | 8.08% |
Operating Income Growth % | 14.47% | 12% | 12.58% | 76.05% | 75.2% | 32.57% | -29.87% | 6.2% | -43.92% | - |
EBITDA | 266.27M | 306.49M | 342.6M | 585.03M | 996.82M | 1.31B | 927.72M | 984.3M | 562.76M | 478.69M |
EBITDA Margin % | 8.22% | 8.69% | 9.34% | 13% | 19.39% | 20.84% | 15.11% | 15.39% | 9.61% | 8.52% |
EBITDA Growth % | 13.79% | 15.1% | 11.78% | 70.76% | 70.39% | 31.56% | -29.26% | 6.1% | -42.83% | -47.39% |
D&A (Non-Cash Add-back) | 16.7M | 26.97M | 27.92M | 31.05M | 26.25M | 24.75M | 25.33M | 25.96M | 25.29M | 24.71M |
EBIT | 249.57M | 279.52M | 314.67M | 553.98M | 970.58M | 1.29B | 902.39M | 958.35M | 537.48M | 478.9M |
Net Interest Income | -3.85M | -785K | -8.37M | -2.18M | -318K | -41K | 0 | 0 | 0 | -587K |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 3.85M | 785K | 8.37M | 2.18M | 318K | 41K | 0 | 0 | 0 | 587K |
Other Income/Expense | -2.05M | 3.73M | -11.73M | -20.41M | -15.74M | 2.67M | 47.04M | 44.52M | 47.12M | 42.99M |
Pretax Income | 247.52M▲ 0% | 283.25M▲ 14.4% | 302.94M▲ 7.0% | 533.57M▲ 76.1% | 954.83M▲ 79.0% | 1.29B▲ 35.0% | 949.43M▼ 26.4% | 1B▲ 5.6% | 584.6M▼ 41.7% | 496.96M▲ 0% |
Pretax Margin % | 7.64% | 8.03% | 8.26% | 11.85% | 18.57% | 20.49% | 15.47% | 15.68% | 9.98% | 8.85% |
Income Tax | 104.26M | 55.92M | 53.28M | 110.09M | 217.39M | 297.13M | 210.68M | 216.68M | 131.59M | 111.45M |
Effective Tax Rate % | 42.12% | 19.74% | 17.59% | 20.63% | 22.77% | 23.05% | 22.19% | 21.61% | 22.51% | 22.43% |
Net Income | 143.25M▲ 0% | 227.33M▲ 58.7% | 249.66M▲ 9.8% | 423.48M▲ 69.6% | 737.44M▲ 74.1% | 992.19M▲ 34.5% | 738.75M▼ 25.5% | 786.19M▲ 6.4% | 453.01M▼ 42.4% | 385.52M▲ 0% |
Net Margin % | 4.42% | 6.44% | 6.81% | 9.41% | 14.34% | 15.77% | 12.04% | 12.29% | 7.73% | 6.86% |
Net Income Growth % | -4.2% | 58.69% | 9.82% | 69.62% | 74.14% | 34.54% | -25.54% | 6.42% | -42.38% | -46.68% |
Net Income (Continuing) | 143.25M | 227.33M | 249.66M | 423.48M | 737.44M | 992.19M | 738.75M | 786.19M | 453.01M | 385.52M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 1.71▲ 0% | 2.79▲ 63.6% | 3.21▲ 15.1% | 5.50▲ 71.3% | 9.65▲ 75.5% | 13.37▲ 38.5% | 9.97▼ 25.4% | 10.72▲ 7.5% | 6.40▼ 40.3% | 5.72▲ 0% |
EPS Growth % | -3.94% | 63.64% | 15.05% | 71.34% | 75.45% | 38.55% | -25.43% | 7.52% | -40.3% | -44.84% |
EPS (Basic) | 1.78 | 2.84 | 3.28 | 5.62 | 9.81 | 13.52 | 10.09 | 10.85 | 6.40 | - |
Diluted Shares Outstanding | 84.46M | 81.46M | 77.78M | 76.97M | 76.47M | 74.2M | 74.14M | 73.33M | 70.82M | 67.37M |
Basic Shares Outstanding | 80.57M | 80.21M | 76.2M | 75.44M | 75.22M | 73.39M | 73.24M | 72.48M | 70.82M | 67.37M |
Dividend Payout Ratio | - | - | - | - | - | - | 5.35% | 13.81% | 26.73% | - |
MTH Balance Sheet
Meritage Homes Corporation (MTH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 3.04B | 3.18B | 458.86M | 3.68B | 4.6B | 5.51B | 6.02B | 6.83B | 7.24B | 1.05B |
Cash & Short-Term Investments | 170.75M | 311.47M | 319.47M | 745.62M | 618.34M | 861.56M | 921.23M | 651.55M | 775.16M | 766.63M |
Cash Only | 170.75M | 311.47M | 319.47M | 745.62M | 618.34M | 861.56M | 921.23M | 651.55M | 775.16M | 766.63M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 79.32M | 77.28M | 88.49M | 98.57M | 147.55M | 215.02M | 266.97M | 256.28M | 306.96M | 280.92M |
Days Sales Outstanding | 8.93 | 7.99 | 8.81 | 7.99 | 10.47 | 12.47 | 15.88 | 14.63 | 19.13 | 19.18 |
Inventory | 2.73B | 2.74B | 2.74B | 2.78B | 3.83B | 4.36B | 4.72B | 5.73B | 6.16B | 6.13B |
Days Inventory Outstanding | 376.82 | 348.96 | 338.47 | 289.68 | 377.73 | 354.35 | 373.06 | 435.92 | 479.68 | 488.2 |
Other Current Assets | 35.86M | 0 | -2.74B | 0 | 0 | 0 | 0 | 0 | 0 | -6.13B |
Total Non-Current Assets | 209.87M | 182.7M | 2.94B | 182.63M | 219.45M | 260.53M | 332.28M | 333.64M | 409.2M | 317.98M |
Property, Plant & Equipment | 33.63M | 54.6M | 50.61M | 38.93M | 58.38M | 38.63M | 48.95M | 47.28M | 103.63M | 46.06M |
Fixed Asset Turnover | 96.37x | 64.63x | 72.46x | 115.61x | 88.07x | 162.86x | 125.39x | 135.24x | 56.52x | 92.03x |
Goodwill | 32.96M | 32.96M | 0 | 0 | 32.96M | 32.96M | 32.96M | 32.96M | 32.96M | 220.71M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 17.07M | 17.48M | 4.44M | 4.35M | 5.76M | 11.75M | 17.17M | 28.73M | 57.27M | 198.42M |
Other Non-Current Assets | 91.05M | 51.19M | 2.86B | 103.31M | 70.78M | 131.73M | 185.62M | 170.13M | 131.73M | -60.76M |
Total Assets | 3.25B▲ 0% | 3.37B▲ 3.5% | 3.4B▲ 1.0% | 3.86B▲ 13.7% | 4.82B▲ 24.7% | 5.77B▲ 19.8% | 6.35B▲ 10.1% | 7.16B▲ 12.7% | 7.65B▲ 6.8% | 7.55B▲ 0% |
Asset Turnover | 1.00x | 1.05x | 1.08x | 1.16x | 1.07x | 1.09x | 0.97x | 0.89x | 0.77x | 0.73x |
Asset Growth % | 12.55% | 3.51% | 0.97% | 13.72% | 24.69% | 19.79% | 10.07% | 12.74% | 6.84% | 26.19% |
Total Current Liabilities | 355.65M | 334.67M | 349.03M | 444.45M | 543.46M | 613.49M | 641.62M | 596.68M | 597.59M | 199.94M |
Accounts Payable | 140.52M | 128.17M | 155.02M | 175.25M | 216.01M | 273.27M | 271.65M | 212.48M | 200.68M | 199.94M |
Days Payables Outstanding | 19.39 | 16.31 | 19.12 | 18.27 | 21.29 | 22.22 | 21.47 | 16.17 | 15.62 | 17.22 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60.47M | 0 |
Deferred Revenue (Current) | 34.06M | 28.64M | 24.25M | 25.07M | 42.61M | 37.96M | 36.6M | 20.51M | 0 | 20.37M |
Other Current Liabilities | -177.74M | 138.74M | -34.23M | -28.25M | 0 | 0 | 0 | 0 | 223.65M | 0 |
Current Ratio | 8.55x | 9.51x | 1.31x | 8.28x | 8.46x | 8.98x | 9.38x | 11.44x | 12.12x | 5.24x |
Quick Ratio | 0.87x | 1.32x | -6.55x | 2.03x | 1.41x | 1.88x | 2.03x | 1.84x | 1.81x | -25.41x |
Cash Conversion Cycle | 366.36 | 340.65 | 328.16 | 279.4 | 366.92 | 344.6 | 367.47 | 434.38 | 483.19 | 490.15 |
Total Non-Current Liabilities | 1.32B | 1.31B | 1.08B | 1.07B | 1.22B | 1.21B | 1.1B | 1.42B | 1.86B | 2.26B |
Long-Term Debt | 1.28B | 1.31B | 1.02B | 1.02B | 1.16B | 1.15B | 1.01B | 1.34B | 1.83B | 1.81B |
Capital Lease Obligations | 0 | 0 | 34.23M | 28.25M | 26.17M | 22.78M | 54.04M | 55.83M | 0 | 118.12M |
Deferred Tax Liabilities | -34.06M | -1.18B | 0 | 0 | 0 | 0 | 0 | 0 | 30.31M | 30.31M |
Other Non-Current Liabilities | 250.11M | 206.5M | -2.23M | -1.33M | 33.47M | 35.58M | 37.36M | 32.69M | 0 | 454.62M |
Total Liabilities | 1.67B | 1.64B | 1.42B | 1.52B | 1.76B | 1.82B | 1.74B | 2.02B | 2.46B | 2.46B |
Total Debt | 1.28B | 1.31B | 1.09B | 1.08B | 1.19B | 1.17B | 1.06B | 1.39B | 1.89B | 1.81B |
Net Debt | 1.11B | 998.59M | 767.98M | 330.97M | 567.87M | 311.87M | 141.03M | 740.15M | 1.11B | 1.04B |
Debt / Equity | 0.81x | 0.76x | 0.55x | 0.46x | 0.39x | 0.30x | 0.23x | 0.27x | 0.36x | 0.35x |
Debt / EBITDA | 4.82x | 4.27x | 3.17x | 1.84x | 1.19x | 0.89x | 1.15x | 1.41x | 3.36x | 3.77x |
Net Debt / EBITDA | 4.18x | 3.26x | 2.24x | 0.57x | 0.57x | 0.24x | 0.15x | 0.75x | 1.98x | 2.17x |
Interest Coverage | 64.77x | 356.08x | 37.60x | 254.47x | 3052.13x | 31381.59x | - | - | - | 815.85x |
Total Equity | 1.58B▲ 0% | 1.72B▲ 9.1% | 1.97B▲ 14.7% | 2.35B▲ 18.9% | 3.04B▲ 29.7% | 3.95B▲ 29.7% | 4.61B▲ 16.8% | 5.14B▲ 11.5% | 5.2B▲ 1.1% | 5.09B▲ 0% |
Equity Growth % | 10.93% | 9.13% | 14.72% | 18.94% | 29.67% | 29.73% | 16.77% | 11.48% | 1.05% | 12.15% |
Book Value per Share | 18.67 | 21.12 | 25.38 | 30.50 | 39.81 | 53.23 | 62.21 | 70.11 | 73.37 | 75.61 |
Total Shareholders' Equity | 1.58B | 1.72B | 1.97B | 2.35B | 3.04B | 3.95B | 4.61B | 5.14B | 5.2B | 5.09B |
Common Stock | 403K | 381K | 382K | 375K | 373K | 366K | 364K | 360K | 682K | 667K |
Retained Earnings | 991.84M | 1.22B | 1.47B | 1.89B | 2.63B | 3.62B | 4.32B | 5B | 5.19B | 5.09B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -57.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MTH Cash Flow Statement
Meritage Homes Corporation (MTH) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -87.13M | 262.2M | 346.82M | 530.36M | -152.09M | 405.27M | 355.57M | -227.58M | 118.29M | 262.17M |
Operating CF Margin % | -2.69% | 7.43% | 9.46% | 11.78% | -2.96% | 6.44% | 5.79% | -3.56% | 2.02% | - |
Operating CF Growth % | 15.73% | 400.92% | 32.27% | 52.92% | -128.68% | 366.46% | -12.26% | -164% | 151.98% | 789.4% |
Net Income | 143.25M | 227.33M | 249.66M | 423.48M | 737.44M | 992.19M | 738.75M | 786.19M | 453.01M | 385.52M |
Depreciation & Amortization | 16.7M | 26.97M | 27.92M | 31.05M | 26.25M | 24.75M | 25.33M | 25.96M | 25.29M | 24.71M |
Stock-Based Compensation | 12.06M | 17.17M | 19.61M | 20M | 20.07M | 22.33M | 22.51M | 25.81M | 19.68M | 14.31M |
Deferred Taxes | 19.69M | -2.74M | 7.13M | -902K | 18.48M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 5.23M | 15.66M | 9.27M | 14.41M | -2.91M | 10.67M | 5.44M | 13.33M | 59M | 67.91M |
Working Capital Changes | -284.06M | -22.18M | 33.23M | 42.33M | -951.42M | -644.67M | -436.46M | -1.08B | -438.69M | -230.28M |
Change in Receivables | -17.77M | 3.04M | -42.65M | -88.94M | -65.11M | -102.95M | -64.17M | 39.78M | 0 | -40.2M |
Change in Inventory | -301.48M | -19.43M | 3.62M | -40.09M | -948.05M | -624.52M | -319.91M | -881.81M | -257.04M | -191.36M |
Change in Payables | 8.13M | -376K | 42.65M | 88.94M | 948.05M | 76.98M | 22.61M | -41.93M | -92.37M | -90.32M |
Cash from Investing | -17.07M | -33.53M | -13.49M | -18.23M | -26.82M | -32.29M | -43.62M | -44.07M | -57.7M | -54.02M |
Capital Expenditures | -18.1M | -33.41M | -24.39M | -19.93M | -25.66M | -26.97M | -38.19M | -28.66M | -25.72M | -24.44M |
CapEx % of Revenue | 0.56% | 0.95% | 0.66% | 0.44% | 0.5% | 0.43% | 0.62% | 0.45% | 0.44% | 0.44% |
Acquisitions | -670K | -808K | -1.11M | -5K | -1.71M | -5.8M | -5.99M | -18.55M | 0 | -11.54M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 1.69M | 696K | 12.01M | 1.7M | 551K | 481K | 560K | 3.13M | -31.98M | -3.37M |
Cash from Financing | 143.25M | -87.95M | -325.33M | -85.97M | 51.63M | -129.76M | -252.28M | 1.98M | 63.01M | -453.18M |
Debt Issued (Net) | 147.34M | 12.05M | -309.3M | -16.38M | 118.72M | -20.45M | -153.68M | 315.37M | 479.08M | -10.92M |
Equity Issued (Net) | 0 | -100M | -16.04M | -69.59M | -60.99M | -109.3M | -59.07M | -125.93M | -295M | -380M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -39.53M | -108.59M | -121.07M | -122.2M |
Share Repurchases | 0 | -100M | -16.04M | -69.59M | -60.99M | -109.3M | -59.07M | -125.93M | -295M | -380M |
Other Financing | -4.09M | 0 | 0 | 0 | -6.1M | 0 | 0 | -78.87M | 0 | 59.95M |
Net Change in Cash | 39.04M▲ 0% | 140.72M▲ 260.4% | 8M▼ 94.3% | 426.15M▲ 5226.9% | -127.29M▼ 129.9% | 243.23M▲ 291.1% | 59.67M▼ 75.5% | -269.67M▼ 552.0% | 123.6M▲ 145.8% | -245.02M▲ 0% |
Free Cash Flow | -105.23M▲ 0% | 228.78M▲ 317.4% | 322.44M▲ 40.9% | 510.43M▲ 58.3% | -177.76M▼ 134.8% | 378.3M▲ 312.8% | 317.38M▼ 16.1% | -256.23M▼ 180.7% | 92.57M▲ 136.1% | 237.74M▲ 0% |
FCF Margin % | -3.25% | 6.48% | 8.79% | 11.34% | -3.46% | 6.01% | 5.17% | -4.01% | 1.58% | 4.23% |
FCF Growth % | 12.36% | 317.42% | 40.93% | 58.3% | -134.82% | 312.82% | -16.1% | -180.73% | 136.13% | 162.55% |
FCF per Share | -1.25 | 2.81 | 4.15 | 6.63 | -2.32 | 5.10 | 4.28 | -3.49 | 1.31 | 3.53 |
FCF Conversion (FCF/Net Income) | -0.61x | 1.15x | 1.39x | 1.25x | -0.21x | 0.41x | 0.48x | -0.29x | 0.26x | 0.62x |
Interest Paid | 0 | 0 | 0 | 355K | 0 | 2.28M | 1.45M | 0 | 0 | 4.91M |
Taxes Paid | 0 | 0 | 64.66M | 84.74M | 221.1M | 311.73M | 211.25M | 207.61M | 0 | 90.91M |
MTH Key Ratios
Meritage Homes Corporation (MTH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.56% | 13.79% | 13.51% | 19.6% | 27.35% | 28.37% | 17.26% | 16.12% | 8.76% | 7.4% |
Return on Invested Capital (ROIC) | 7.33% | 7.75% | 8.64% | 15.33% | 23.14% | 24.51% | 15.02% | 13.52% | 6.61% | 5.42% |
Gross Margin | 18.37% | 18.7% | 19.29% | 22.24% | 27.96% | 28.65% | 24.75% | 24.99% | 19.69% | 18.64% |
Net Margin | 4.42% | 6.44% | 6.81% | 9.41% | 14.34% | 15.77% | 12.04% | 12.29% | 7.73% | 6.86% |
Debt / Equity | 0.81x | 0.76x | 0.55x | 0.46x | 0.39x | 0.30x | 0.23x | 0.27x | 0.36x | 0.35x |
Interest Coverage | 64.77x | 356.08x | 37.60x | 254.47x | 3052.13x | 31381.59x | - | - | - | 815.85x |
FCF Conversion | -0.61x | 1.15x | 1.39x | 1.25x | -0.21x | 0.41x | 0.48x | -0.29x | 0.26x | 0.62x |
Revenue Growth | 6.55% | 8.87% | 3.92% | 22.75% | 14.22% | 22.38% | -2.45% | 4.18% | -8.4% | -10.63% |
Related:MTH Dividend History·MTH Revenue History·MTH Price History·MTH P/E History·MTH Financial Ratios·MTH Institutional Holders
MTH SEC Filings & Documents
Meritage Homes Corporation (MTH) SEC filings — annual & quarterly reports (10-K, 10-Q)
MTH Frequently Asked Questions
Meritage Homes Corporation (MTH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Meritage Homes Corporation (MTH) reported $5.62B in revenue for fiscal year 2025. This represents a 255210% increase from $2.2M in 1996.
Meritage Homes Corporation (MTH) saw revenue decline by 8.4% over the past year.
Yes, Meritage Homes Corporation (MTH) is profitable, generating $385.5M in net income for fiscal year 2025 (7.7% net margin).
Dividend & Returns
Yes, Meritage Homes Corporation (MTH) pays a dividend with a yield of 2.26%. This makes it attractive for income-focused investors.
Meritage Homes Corporation (MTH) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
Meritage Homes Corporation (MTH) generated $237.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.