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MTHMeritage Homes Corporation
$63.86$4.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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MTH logo

Meritage Homes Corporation

MTH
NYSE · Homebuilders
$63.86
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$4.26B
P/E10.0x
52W High$85.38
Volume636.64K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Entry-Level Focus Amplifies Rate Sensitivity Amid Margin Compression

Meritage Homes is navigating a cyclical downturn characterized by decelerating revenue (-8.4% YoY) and compressed gross margins (down 380 bps to 22.3% in 2026Q2) as higher mortgage rates pressure its entry-level buyer base. The company maintains a fortress bal...

GrowthDecelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

MTH price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-35% Peers

P/E is 35% below peer median

03

Market leadership

RS 37 · Lag

Laggard (Underperforming 63% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MTH-1.40%
S&P 500 (^GSPC)+12.39%
1-Year Return
MTH-9.96%
S&P 500 (^GSPC)+15.77%
3-Year Return
MTH+11.31%
S&P 500 (^GSPC)+71.50%
5-Year Return
MTH+37.17%
S&P 500 (^GSPC)+67.68%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
10.0x
Forward P/E
12.9x
EV/EBITDA80th %ile
9.5x
FCF YieldCash Flow
2.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.0x
7.2x
80th· High
EV/EBITDA
9.5x
6.5x
80th· High
Price/FCF
46.0x
20.3x
67th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$49.08-23.1%
Base (Fair)$97.71+54.5%
Bull$174.50+173.3%
$49.08 Bear$97.71 Base$174.50 Bull
Current Market Price: $63.86
Trades at a 34.6% discount to Base DCF ($97.71)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$5.86B-8.4% YoY
Net income
$453M-42.4% YoY
Free cash flow
$93M+136.1% YoY
Operating margin
9.2%-5.8 pts YoY
ROIC (TTM)6.6%
Avg ROIC 5Y-
ROE (TTM)8.8%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$1.42+10.1%
vs $1.29
$1.4B-2.0%
vs $1.4B
Q2 2026
Apr 22, 2026
$0.86-11.9%
vs $0.98
$1.1B-5.1%
vs $1.2B
Q1 2026
Jan 28, 2026
$1.67+7.7%
vs $1.55
$1.4B-5.5%
vs $1.5B
Q4 2025
Oct 28, 2025
$1.39-14.7%
vs $1.63
$1.4B-4.1%
vs $1.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GuruFocus·1d ago
A Look at Meritage Homes Corp (MTH) After 3.2% Gain -- GF Value $70.56 vs Price $66.40

On September 22, 2026, Meritage Homes Corp (MTH) shares rose 3.2% to a current price of $66.40. The stock has shown a mixed performance in the past year, with a

Seeking Alpha·Sep 16, 2026
Baron Real Estate Fund Q2 2026 Portfolio Activity

Baron Real Estate Fund delivered strong results in the second quarter. The Fund increased 11.89% (Institutional Shares). Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results and an Investor Day in May that outlined strong long-term growth targets. Shares of AAON, Inc. rose during the quarter following an exceptionally strong earnings report which saw the company see drastically faster growth in its data center business, BasX, than expected.

247 Wallst·Sep 16, 2026
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Airbnb, Booking Holdings, Credicorp, Dutch Bros, Expedia, Hartford Financial Services, Group, Meritage Homes, Patchex, Yum! Brands, and More

As the Federal Reserve prepares to move on rates and oil prices surge past $105, Wednesday's top analyst calls reveal which travel giants, homebuilders, and financial stocks Wall Street is quietly repositioning around before the dust settles.

Defense World·Sep 15, 2026
California State Teachers Retirement System Buys 6,757,010 Shares of Meritage Homes Corporation $MTH

California State Teachers Retirement System raised its holdings in shares of Meritage Homes Corporation (NYSE: MTH) by 8,054.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,840,902 shares of the construction company's stock after purchasing an additional 6,757,010 shares during

Filtered for Meritage Homes CorporationMore Headlines
04

Compare before deciding

Benchmark MTH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Meritage Homes Corporation (MTH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MTH logoMTHMeritage Homes CorporationCurrent
$63.86$4.26B9.98-8.4%7.73%8.76%2.68%
DHI logoDHID.R. Horton, Inc.
$140.17$39.21B12.12-6.93%9.15%12.47%—
LEN logoLENLennar Corporation
$81.52$20.24B10.22-3.54%4.1%5.99%—
PHM logoPHMPulteGroup, Inc.
$118.71$22.91B10.68-3.54%11.62%14.73%—
NVR logoNVRNVR, Inc.
$6246.31$16.86B14.31-2.08%12.11%31.02%—
TOL logoTOLToll Brothers, Inc.
$135.29$12.65B10.031.11%11.14%14.21%—

Compare MTH vs Peers

Meritage Homes Corporation (MTH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DHI

Most directly comparable listed peer for MTH.

Scale Benchmark

vs SHW

Larger-name benchmark to compare MTH against a more recognizable public peer.

Peer Set

Compare Top 5

vs DHI, LEN, PHM, NVR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MTH SEC Filings & Documents

Meritage Homes Corporation (MTH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jun 29, 2026·SEC

Material company update

May 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 31, 2026·SEC

FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 31, 2025·SEC

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MTH Frequently Asked Questions

Meritage Homes Corporation (MTH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Meritage Homes Corporation's revenue?

Meritage Homes Corporation (MTH) reported $5.45B in revenue for fiscal year 2025. This represents a 247843% increase from $2.2M in 1996.

How fast is Meritage Homes Corporation growing?

Meritage Homes Corporation (MTH) saw revenue decline by 8.4% over the past year.

Is MTH profitable?

Yes, Meritage Homes Corporation (MTH) is profitable, generating $329.3M in net income for fiscal year 2025 (7.7% net margin).

Dividend & Returns
Does MTH pay dividends?

Yes, Meritage Homes Corporation (MTH) pays a dividend with a yield of 2.68%. This makes it attractive for income-focused investors.

What is MTH's return on equity?

Meritage Homes Corporation (MTH) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.

What is Meritage Homes Corporation's free cash flow?

Meritage Homes Corporation (MTH) generated $414.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MTH back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →