Meritage Homes Corporation (MTH) Earnings History
Annual and quarterly earnings data from 1990 to 2025
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MTH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MTH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 19.7% | 9.2% | 7.7% |
| 2024 | 25.0% | 15.0% | 12.3% |
| 2023 | 24.7% | 14.7% | 12.0% |
| 2022 | 28.7% | 20.4% | 15.8% |
| 2021 | 28.0% | 18.9% | 14.3% |
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Meritage Homes Corporation (MTH) Earnings Overview
As of May 7, 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 ($2.08B net income, 6.0% 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% |
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Start ComparisonMTH — Frequently Asked Questions
Quick answers to the most common questions about buying MTH stock.
Is MTH growing earnings?
MTH EPS fell to $5.72, with earnings declining -40.3%. This contrasts with the 5-year CAGR of +3.1%. TTM net income dropped to $386M.
What are MTH's profit margins?
Meritage Homes Corporation net margin is +7.7%, with operating margin at +9.2%. Margins sit within typical range for the sector.
How consistent are MTH's earnings?
MTH earnings data spans 1990-2025. The declining earnings trend is -40.3% YoY. Historical data enables comparison across business cycles.