Meritage Homes Corporation (MTH) Earnings History
Profitable36 years of earnings data (1990–2025) · Positive TTM net income
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Meritage Homes Corporation (MTH) Earnings Overview
As of June 21, 2026, Meritage Homes Corporation (MTH) reported trailing twelve-month net income of $386M, reflecting -40.3% year-over-year growth. The company earned $5.72 per diluted share over the past four quarters, with a net profit margin of 7.7%.
Looking at the long-term picture, MTH's 5-year EPS compound annual growth rate (CAGR) stands at +3.1%, reflecting modest earnings expansion. The company achieved its highest annual net income of $992M in fiscal 2022.
Meritage Homes Corporation maintains positive profitability with a gross margin of 19.7%, operating margin of 9.2%, and net margin of 7.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including DHI ($3.17B net income, 10.5% margin), LEN ($1.79B net income, 6.1% margin), PHM ($2.04B net income, 12.8% margin), MTH has room to improve margins relative to the peer group. Compare MTH vs DHI →
MTH Earnings vs Peers
Earnings metrics vs comparable public companies
MTH Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $453M | -42.4% | $537M | $6.40 | 7.7% | 9.2% |
| 2024 | $786M | +6.4% | $958M | $10.72 | 12.3% | 15.0% |
| 2023 | $739M | -25.5% | $902M | $9.97 | 12.0% | 14.7% |
| 2022 | $992M | +34.5% | $1.29B | $13.37 | 15.8% | 20.4% |
| 2021 | $737M | +74.1% | $971M | $9.65 | 14.3% | 18.9% |
| 2020 | $423M | +69.6% | $554M | $5.50 | 9.4% | 12.3% |
| 2019 | $250M | +9.8% | $315M | $3.21 | 6.8% | 8.6% |
| 2018 | $227M | +58.7% | $280M | $2.79 | 6.4% | 7.9% |
| 2017 | $143M | -4.2% | $250M | $1.71 | 4.4% | 7.7% |
| 2016 | $150M | +16.2% | $218M | $1.77 | 4.9% | 7.2% |
| 2015 | $129M | -9.5% | $213M | $1.54 | 5.0% | 8.3% |
| 2014 | $142M | +14.3% | $211M | $1.73 | 6.5% | 9.7% |
| 2013 | $124M | +18.4% | $195M | $1.63 | 6.8% | 10.7% |
| 2012 | $105M | +598.3% | $67M | $1.50 | 8.8% | 5.6% |
| 2011 | -$21M | -395.2% | $2M | $-0.33 | -2.5% | 0.2% |
| 2010 | $7M | +110.8% | $31M | $0.11 | 0.8% | 3.3% |
| 2009 | -$66M | +77.2% | -$134M | $-1.06 | -6.8% | -13.8% |
| 2008 | -$292M | -1.1% | -$242M | $-4.97 | -19.2% | -15.9% |
| 2007 | -$289M | -228.2% | -$290M | $-5.50 | -12.3% | -12.4% |
| 2006 | $225M | -11.9% | $332M | $4.16 | 6.5% | 9.6% |
| 2005 | $256M | +84.0% | $422M | $4.44 | 8.5% | 14.1% |
| 2004 | $139M | +47.2% | $213M | $2.52 | 6.8% | 10.4% |
| 2003 | $94M | +35.0% | $146M | $1.71 | 6.4% | 9.9% |
| 2002 | $70M | +38.1% | $108M | $1.33 | 6.2% | 9.7% |
| 2001 | $51M | +41.7% | $80M | $1.07 | 6.8% | 10.8% |
| 2000 | $36M | +88.8% | $55M | $0.79 | 6.9% | 10.6% |
| 1999 | $19M | -21.1% | $30M | $0.40 | 5.5% | 8.8% |
| 1998 | $24M | +68.6% | $27M | $0.49 | 9.4% | 10.4% |
| 1997 | $14M | +7018.7% | $10M | $0.34 | 9.5% | 6.6% |
| 1996 | $200,000 | -81.8% | $500,000 | $0.01 | 9.1% | 22.7% |
| 1995 | $1M | +124.4% | $2M | $0.01 | 30.6% | 55.6% |
| 1994 | -$5M | +85.9% | -$3M | $-0.06 | -214.3% | -147.6% |
| 1993 | -$32M | -67.5% | -$1M | $-1.24 | -6400.0% | -260.0% |
| 1992 | -$19M | -338.8% | $56M | $-0.72 | -31.4% | 91.6% |
| 1991 | $8M | -25.9% | $94M | $0.30 | 8.3% | 97.0% |
| 1990 | $11M | - | $39M | $0.41 | 25.2% | 91.8% |
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MTH — Frequently Asked Questions
Quick answers to the most common questions about buying MTH stock.
What is MTH earnings per share (EPS)?
MTH trailing twelve-month (TTM) diluted EPS is $5.72, reflecting -40.3% year-over-year growth. The 5-year EPS CAGR is +3.1%. Complete EPS history from 1990 to 2025 is available in the table on this page.
What is Meritage Homes Corporation's net income?
Meritage Homes Corporation (MTH) trailing twelve-month net income is $386M as of 2025. Earnings declined -40.3% year-over-year. Meritage Homes Corporation has been profitable for 14 consecutive years.
Is MTH profitable?
Yes, MTH is profitable with a TTM net income of $386M and a net profit margin of +7.7%. Meritage Homes Corporation has generated profits for 14 consecutive years.
What is MTH's earnings growth rate?
MTH compound annual EPS growth rates (CAGR): 1-Year: -40.3%, 3-Year: -21.8%, 5-Year: +3.1%, 10-Year: +15.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1990 to 2025.
What are MTH's profit margins?
Meritage Homes Corporation net profit margin is +7.7%, operating margin is +9.2%, and gross margin is +19.7%. Margins are within a typical range for the sector. Return on Equity is +8.8%.
Is MTH growing earnings?
MTH earnings are declining — EPS fell -40.3% year-over-year. TTM net income dropped to $386M. This contrasts with the 5-year CAGR of +3.1%.
What was MTH's best earnings year?
Meritage Homes Corporation's highest annual net income on record is $992M, achieved in fiscal year 2022. Earnings history on this page spans 1990 to 2025 and includes all annual and quarterly figures.
What were MTH's earnings last quarter?
MTH's most recent reported quarter was Q1 2026. Net income was $55M with diluted EPS of $0.82. For a full breakdown of all quarters, see the quarterly earnings table on this page.