Meritage Homes Corporation (MTH) quarterly balance sheet — complete assets, liabilities & equity history
Meritage Homes Corporation (MTH) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 7.21B | 7.17B | 7.18B | 7.24B | 7.39B | 7.39B | 7.33B | 6.83B | 6.78B | 6.58B | 6.19B | 6.02B | 5.87B | 5.79B | 5.59B | 5.51B | 5.48B | 5.21B | 4.97B | 4.6B |
| Cash & Short-Term Investments | 677.5M | 807.27M | 766.63M | 775.16M | 728.94M | 930.46M | 1.01B | 651.55M | 831.56M | 992.92M | 905.3M | 921.23M | 1.05B | 1.16B | 957.21M | 861.56M | 299.39M | 272.15M | 520.39M | 618.34M |
| Cash Only | 677.5M | 807.27M | 766.63M | 775.16M | 728.94M | 930.46M | 1.01B | 651.55M | 831.56M | 992.92M | 905.3M | 921.23M | 1.05B | 1.16B | 957.21M | 861.56M | 299.39M | 272.15M | 520.39M | 618.34M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 345.54M | 304.1M | 280.92M | 306.96M | 321.76M | 270.84M | 262.1M | 256.28M | 286.94M | 258.14M | 243.32M | 266.97M | 228.85M | 210.07M | 209.31M | 215.02M | 193.31M | 171.41M | 155.38M | 147.55M |
| Days Sales Outstanding | 25.58 | 18.09 | 23.55 | 20.14 | 19.14 | 14.85 | 17.09 | 15.41 | 15.71 | 13.41 | 15.74 | 13.74 | 12.47 | 12.13 | 14.86 | 9.4 | 10.59 | 10.49 | 10.55 | 9.06 |
| Inventory | 6.19B | 6.06B | 6.13B | 5.99B | 6.14B | 5.96B | 5.8B | 5.73B | 5.46B | 5.18B | 4.91B | 4.72B | 4.5B | 4.35B | 4.36B | 4.36B | 4.73B | 4.47B | 4.03B | 3.83B |
| Days Inventory Outstanding | 583.33 | 485.17 | 590.43 | 464.71 | 484.83 | 415.86 | 488.44 | 414.49 | 407.51 | 365.01 | 399.49 | 342.59 | 343.92 | 330.29 | 392.81 | 279.9 | 375.05 | 399.61 | 393.13 | 321 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 381.32M | 382.61M | 378.75M | 409.2M | 368.97M | 370.04M | 370.96M | 333.64M | 320.39M | 341.14M | 303.36M | 332.28M | 309.4M | 272.75M | 283.6M | 260.53M | 91.85M | 99.53M | 92.46M | 219.45M |
| Property, Plant & Equipment | 45.06M | 46.09M | 103.23M | 103.63M | 47.98M | 46.45M | 47.02M | 47.28M | 47.23M | 46.59M | 47.87M | 48.95M | 50.82M | 47.31M | 41.7M | 38.63M | 39.44M | 39.03M | 38.3M | 58.38M |
| Fixed Asset Turnover | 25.64x | 19.71x | 10.86x | 18.94x | 30.17x | 34.95x | 28.94x | 34.32x | 34.04x | 36.04x | 30.46x | 33.28x | 33.00x | 35.36x | 31.99x | 51.20x | 40.38x | 36.66x | 26.72x | 31.68x |
| Goodwill | 0 | 230.04M | 32.96M | 32.96M | 32.96M | 32.96M | 32.96M | 32.96M | 32.96M | 32.96M | 32.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.96M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 64.22M | 59.42M | 60.76M | 57.27M | 45.71M | 34.68M | 31.29M | 28.73M | 18.22M | 23.63M | 18.74M | 17.17M | 15.06M | 12.45M | 11.28M | 11.75M | 11.36M | 11.22M | 5.63M | 5.76M |
| Other Non-Current Assets | 227.61M | 0 | 130.58M | 131.73M | 195.09M | 203.55M | 205.55M | 170.13M | 170.83M | 177.8M | 156.79M | 218.58M | 197.59M | 167.95M | 185.82M | 164.69M | 0 | 8.01M | 8.01M | 70.78M |
| Total Assets | 7.59B | 7.55B | 7.55B | 7.65B | 7.76B | 7.76B | 7.7B | 7.16B | 7.1B | 6.92B | 6.49B | 6.35B | 6.18B | 6.07B | 5.87B | 5.77B | 5.57B | 5.31B | 5.06B | 4.82B |
| Asset Turnover | 0.15x | 0.19x | 0.15x | 0.19x | 0.18x | 0.21x | 0.18x | 0.23x | 0.23x | 0.25x | 0.23x | 0.26x | 0.26x | 0.26x | 0.22x | 0.35x | 0.29x | 0.27x | 0.26x | 0.32x |
| Asset Growth % | -2.18% | -2.6% | -1.89% | 6.84% | 9.22% | 12.02% | 18.66% | 12.74% | 14.91% | 14.15% | 10.53% | 10.07% | 10.96% | 14.28% | 16.07% | 19.79% | 22.03% | 22.82% | 25.25% | 24.69% |
| Total Current Liabilities | 693.53M | 649.62M | 619.57M | 597.59M | 547.66M | 567.77M | 577.25M | 596.68M | 666.77M | 638.31M | 678.69M | 641.62M | 663.92M | 601.03M | 592.64M | 613.49M | 677.79M | 673.87M | 666.59M | 543.46M |
| Accounts Payable | 209.25M | 215.74M | 199.94M | 200.68M | 217.88M | 242.08M | 229.84M | 212.48M | 287.4M | 299.78M | 306.15M | 271.65M | 294.18M | 276.12M | 263.65M | 273.27M | 322.23M | 341.72M | 280.11M | 216.01M |
| Days Payables Outstanding | 20.24 | 16.55 | 19.52 | 16.04 | 18.42 | 16.68 | 18.74 | 18.52 | 22.51 | 21.92 | 23.95 | 21.02 | 22.16 | 20.48 | 24.2 | 18.35 | 27.07 | 29.23 | 24.81 | 18.61 |
| Short-Term Debt | 0 | 0 | 60.78M | 60.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 7.63M | 0 | 0 | 0 | 9.42M | 10.95M | 17.65M | 20.51M | 32.13M | 39.38M | 42.8M | 36.6M | 48.13M | 49.78M | 47.89M | 37.96M | 57.77M | 60.82M | 48.28M | 42.61M |
| Other Current Liabilities | 476.66M | 433.88M | 274.17M | 223.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 10.39x | 11.04x | 11.58x | 12.12x | 13.49x | 13.01x | 12.70x | 11.44x | 10.17x | 10.31x | 9.11x | 9.38x | 8.85x | 9.64x | 9.43x | 8.98x | 8.08x | 7.73x | 7.45x | 8.46x |
| Quick Ratio | 1.48x | 1.71x | 1.69x | 2.10x | 2.28x | 2.51x | 2.65x | 1.84x | 1.99x | 2.21x | 1.87x | 2.03x | 2.07x | 2.40x | 2.08x | 1.88x | 1.11x | 1.09x | 1.41x | 1.41x |
| Cash Conversion Cycle | 588.67 | 486.72 | 594.45 | 468.81 | 485.55 | 414.02 | 486.8 | 411.38 | 400.71 | 356.5 | 391.28 | 335.31 | 334.23 | 321.93 | 383.46 | 270.95 | 358.57 | 380.87 | 378.87 | 311.44 |
| Total Non-Current Liabilities | 1.85B | 1.85B | 1.84B | 1.86B | 1.92B | 1.92B | 1.93B | 1.42B | 1.41B | 1.4B | 1.09B | 1.1B | 1.1B | 1.22B | 1.21B | 1.21B | 1.21B | 1.22B | 1.22B | 1.22B |
| Long-Term Debt | 1.85B | 1.85B | 1.84B | 1.83B | 1.83B | 1.83B | 1.84B | 1.34B | 1.31B | 1.31B | 1B | 1.01B | 1.01B | 1.16B | 1.15B | 1.15B | 1.16B | 1.16B | 1.17B | 1.16B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 61.98M | 56.14M | 57.6M | 55.83M | 57.28M | 55.06M | 52.1M | 54.04M | 52.34M | 24.75M | 23.48M | 22.78M | 24M | 24.08M | 24.05M | 26.17M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 30.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 32.37M | 35.56M | 35.35M | 32.69M | 35.35M | 34.77M | 36.36M | 37.36M | 39.15M | 36.22M | 37.06M | 35.58M | 31.71M | 38.65M | 33.88M | 33.47M |
| Total Liabilities | 2.55B | 2.5B | 2.46B | 2.46B | 2.47B | 2.49B | 2.51B | 2.02B | 2.07B | 2.04B | 1.77B | 1.74B | 1.76B | 1.82B | 1.8B | 1.82B | 1.89B | 1.9B | 1.89B | 1.76B |
| Total Debt | 1.85B | 1.85B | 1.9B | 1.89B | 1.89B | 1.88B | 1.89B | 1.39B | 1.37B | 1.37B | 1.05B | 1.06B | 1.06B | 1.18B | 1.17B | 1.17B | 1.18B | 1.18B | 1.19B | 1.19B |
| Net Debt | 1.17B | 1.04B | 1.14B | 1.11B | 1.16B | 953.4M | 881.22M | 740.15M | 539.98M | 375.45M | 148.38M | 141.03M | 9.01M | 16.86M | 217.03M | 311.87M | 880.38M | 910.59M | 668.98M | 567.87M |
| Debt / Equity | 0.37x | 0.37x | 0.37x | 0.36x | 0.36x | 0.36x | 0.36x | 0.27x | 0.27x | 0.28x | 0.22x | 0.23x | 0.24x | 0.28x | 0.29x | 0.30x | 0.32x | 0.35x | 0.38x | 0.39x |
| Debt / EBITDA | 22.96x | 9.72x | 26.91x | 20.31x | 14.99x | 9.97x | 12.09x | 6.50x | 5.58x | 4.67x | 4.56x | 4.19x | 3.78x | 5.07x | 7.26x | 3.39x | 3.52x | 3.50x | 4.07x | 3.72x |
| Net Debt / EBITDA | 14.56x | 5.47x | 16.06x | 11.98x | 9.21x | 5.05x | 5.63x | 3.46x | 2.20x | 1.28x | 0.64x | 0.56x | 0.03x | 0.07x | 1.34x | 0.90x | 2.62x | 2.69x | 2.29x | 1.78x |
| Interest Coverage | 63.73x | 80.58x | 124.55x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6973.76x | 4327.35x |
| Total Equity | 5.04B | 5.06B | 5.09B | 5.2B | 5.29B | 5.27B | 5.19B | 5.14B | 5.03B | 4.88B | 4.72B | 4.61B | 4.42B | 4.25B | 4.07B | 3.95B | 3.68B | 3.41B | 3.17B | 3.04B |
| Equity Growth % | -4.6% | -4.01% | -1.94% | 1.05% | 5.12% | 7.92% | 10.04% | 11.48% | 13.77% | 14.93% | 16.06% | 16.77% | 20.08% | 24.49% | 28.37% | 29.73% | 30.32% | 29.84% | 27.93% | 29.67% |
| Book Value per Share | 77.45 | 75.98 | 75.61 | 74.44 | 74.81 | 73.51 | 71.50 | 70.11 | 68.58 | 66.49 | 64.17 | 62.41 | 59.62 | 57.11 | 54.78 | 53.36 | 49.83 | 46.16 | 42.21 | 40.07 |
| Total Shareholders' Equity | 5.04B | 5.06B | 5.09B | 5.2B | 5.29B | 5.27B | 5.19B | 5.14B | 5.03B | 4.88B | 4.72B | 4.61B | 4.42B | 4.25B | 4.07B | 3.95B | 3.68B | 3.41B | 3.17B | 3.04B |
| Common Stock | 644K | 652K | 667K | 682K | 704K | 712K | 718K | 360K | 362K | 363K | 363K | 364K | 364K | 368K | 368K | 366K | 366K | 366K | 367K | 373K |
| Retained Earnings | 5.04B | 5.06B | 5.09B | 5.19B | 5.28B | 5.21B | 5.09B | 5B | 4.85B | 4.68B | 4.48B | 4.32B | 4.13B | 3.92B | 3.74B | 3.62B | 3.36B | 3.1B | 2.85B | 2.63B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |