Meritage Homes Corporation (MTH) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Meritage Homes Corporation (MTH) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MTH Income Statement

Meritage Homes Corporation (MTH) annual income statement — 30-year revenue, gross profit & net income 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

Sales/Revenue	1.17B	1.47B	1.12B	1.44B	1.42B	1.63B	1.36B	1.62B	1.6B	1.7B	1.47B	1.66B	1.62B	1.57B	1.29B	2B	1.58B	1.42B	1.29B	1.5B
Revenue Growth %	-17.96%	-9.92%	-17.67%	-11.47%	-10.79%	-4.03%	-7.47%	-2.33%	-1.4%	8.16%	14.76%	-16.93%	2.2%	11.01%	-0.51%	32.86%	25.23%	10.46%	18.66%	6.27%
Cost of Goods Sold	965.7M	1.14B	923.38M	1.2B	1.15B	1.29B	1.06B	1.24B	1.2B	1.26B	1.1B	1.24B	1.18B	1.2B	998.22M	1.49B	1.13B	968.05M	899.83M	1.06B
COGS % of Revenue	82.65%	77.69%	82.19%	83.61%	80.64%	78.8%	77.84%	76.55%	75.17%	73.89%	74.42%	74.58%	73.1%	76.19%	77.68%	74.7%	71.22%	68.29%	69.67%	70.74%
Gross Profit	202.73M	328.2M	196.19M	235.26M	271.63M	346.22M	302.38M	380.31M	396.35M	444.34M	377.27M	422.07M	435.52M	374.6M	286.82M	505.76M	455.89M	449.47M	391.78M	440.22M
Gross Margin %	17.35%	22.31%	17.46%	16.39%	19.07%	21.2%	22.16%	23.45%	24.83%	26.11%	25.58%	25.42%	26.9%	23.81%	22.32%	25.3%	28.78%	31.71%	30.33%	29.26%
Gross Profit Growth %	-25.37%	-5.21%	-35.12%	-38.14%	-31.47%	-22.08%	-19.85%	-9.9%	-9%	18.62%	31.54%	-16.55%	-4.47%	-16.66%	-26.79%	14.89%	21.03%	28.57%	44.59%	26.56%
Operating Expenses	127.61M	144.19M	130.87M	148.93M	151.51M	164.01M	151.72M	172.7M	157.1M	157.85M	152.28M	176.12M	162.21M	147.94M	130.37M	167.07M	126.33M	117.31M	105.53M	127.97M
OpEx % of Revenue	10.92%	9.8%	11.65%	10.37%	10.64%	10.04%	11.12%	10.65%	9.84%	9.27%	10.33%	10.61%	10.02%	9.4%	10.14%	8.36%	7.97%	8.28%	8.17%	8.51%
Selling, General & Admin	127.61M	144.19M	51.4M	148.93M	151.51M	164.01M	151.72M	172.7M	157.1M	157.85M	152.28M	176.12M	162.21M	147.94M	130.37M	167.07M	126.33M	117.31M	105.53M	127.97M
SG&A % of Revenue	10.92%	9.8%	4.58%	10.37%	10.64%	10.04%	11.12%	10.65%	9.84%	9.27%	10.33%	10.61%	10.02%	9.4%	10.14%	8.36%	7.97%	8.28%	8.17%	8.51%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	75.12M	184.01M	65.32M	86.33M	120.12M	182.21M	150.66M	207.61M	239.25M	286.49M	224.99M	245.96M	273.31M	226.66M	156.46M	338.69M	329.56M	332.15M	286.24M	312.25M
Operating Margin %	6.43%	12.51%	5.81%	6.01%	8.43%	11.15%	11.04%	12.8%	14.99%	16.83%	15.26%	14.81%	16.88%	14.4%	12.18%	16.94%	20.8%	23.43%	22.16%	20.76%
Operating Income Growth %	-37.46%	0.99%	-56.65%	-58.41%	-49.79%	-36.4%	-33.04%	-15.59%	-12.46%	26.4%	43.8%	-27.38%	-17.07%	-31.76%	-45.34%	8.47%	26.5%	42.84%	73.2%	43.98%
EBITDA	80.64M	190.09M	70.69M	93.02M	126.11M	188.87M	156.61M	214.21M	245.8M	293.27M	231.03M	253.72M	279.69M	232.65M	161.67M	345.89M	335.39M	338.12M	292M	318.6M
EBITDA Margin %	6.9%	12.92%	6.29%	6.48%	8.85%	11.56%	11.48%	13.21%	15.4%	17.23%	15.67%	15.28%	17.27%	14.78%	12.58%	17.31%	21.17%	23.85%	22.61%	21.18%
EBITDA Growth %	-36.06%	0.65%	-54.86%	-56.58%	-48.69%	-35.6%	-32.21%	-15.57%	-12.12%	26.06%	42.91%	-26.65%	-16.61%	-31.19%	-44.63%	8.56%	25.61%	41.22%	69.96%	41.33%
D&A (Non-Cash Add-back)	5.52M	6.08M	5.37M	6.68M	5.99M	6.66M	5.95M	6.6M	6.55M	6.77M	6.04M	7.76M	6.38M	5.99M	5.21M	7.2M	5.82M	5.96M	5.76M	6.35M
EBIT	86.17M	176.22M	73.11M	103.13M	128.25M	193.06M	160.16M	221.56M	249.93M	297.36M	234.01M	258.87M	285.73M	239.52M	165.3M	342.25M	329.49M	331.69M	285.92M	311.57M
Net Interest Income	-1.35M	-2.19M	-587K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41K	-72K
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.35M	2.19M	587K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	41K	72K
Other Income/Expense	9.7M	-63.45M	7.21M	16.8M	8.13M	10.85M	9.5M	13.95M	10.68M	10.87M	9.02M	12.91M	12.42M	12.86M	8.84M	3.56M	-74K	-458K	-358K	-751K
Pretax Income	84.81M	120.56M	72.52M	103.13M	128.25M	193.06M	160.16M	221.56M	249.93M	297.36M	234.01M	258.87M	285.73M	239.52M	165.3M	342.25M	329.49M	331.69M	285.88M	311.5M
Pretax Margin %	7.26%	8.19%	6.46%	7.18%	9.01%	11.82%	11.74%	13.66%	15.65%	17.47%	15.87%	15.59%	17.65%	15.22%	12.86%	17.12%	20.8%	23.4%	22.13%	20.71%
Income Tax	17.03M	29.93M	17.21M	19.1M	28.95M	46.18M	37.35M	48.91M	53.97M	65.81M	48M	60.02M	63.97M	52.69M	34M	79.88M	67M	81.61M	68.63M	74.04M
Effective Tax Rate %	20.08%	24.83%	23.74%	18.52%	22.57%	23.92%	23.32%	22.08%	21.59%	22.13%	20.51%	23.18%	22.39%	22%	20.57%	23.34%	20.34%	24.6%	24.01%	23.77%
Net Income	67.78M	90.63M	55.31M	84.03M	99.3M	146.88M	122.81M	172.65M	195.97M	231.56M	186.02M	198.85M	221.76M	186.84M	131.3M	262.37M	262.49M	250.08M	217.25M	237.46M
Net Margin %	5.8%	6.16%	4.92%	5.85%	6.97%	8.99%	9%	10.65%	12.27%	13.6%	12.61%	11.98%	13.7%	11.87%	10.22%	13.13%	16.57%	17.64%	16.82%	15.78%
Net Income Growth %	-31.74%	-38.3%	-54.96%	-51.33%	-49.33%	-36.57%	-33.98%	-13.18%	-11.63%	23.93%	41.67%	-24.21%	-15.52%	-25.29%	-39.56%	10.49%	30.75%	49.4%	64.78%	55.68%
Net Income (Continuing)	67.78M	90.63M	55.31M	84.03M	99.3M	146.88M	122.81M	172.65M	195.97M	231.56M	186.02M	198.85M	221.76M	186.84M	131.3M	262.37M	262.49M	250.08M	217.25M	237.46M
Discontinued Operations	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
EPS (Diluted)	1.04	1.37	0.82	1.20	1.39	2.04	1.69	2.36	2.67	3.16	2.53	2.69	2.99	2.51	1.77	3.55	3.55	3.39	2.90	3.13
EPS Growth %	-25.18%	-32.84%	-51.48%	-49.15%	-47.94%	-35.44%	-33.2%	-12.27%	-10.7%	25.9%	42.94%	-24.12%	-15.77%	-25.85%	-38.86%	13.44%	35.24%	55.28%	68.31%	57.43%
EPS (Basic)	1.05	1.37	0.82	1.21	1.40	2.05	1.71	2.39	2.71	3.19	2.56	2.73	3.03	2.54	1.79	3.59	3.59	3.41	2.94	3.18
Diluted Shares Outstanding	65.13M	66.57M	67.37M	69.8M	70.68M	71.68M	72.65M	73.33M	73.34M	73.44M	73.56M	73.89M	74.16M	74.38M	74.24M	74.02M	73.89M	73.92M	75.05M	75.99M
Basic Shares Outstanding	64.7M	66.57M	67.37M	69.25M	70.68M	71.68M	71.92M	72.48M	72.45M	72.64M	72.62M	72.89M	73.21M	73.53M	73.33M	73.14M	73.14M	73.29M	73.99M	74.67M
Dividend Payout Ratio	45.62%	34.52%	57.89%	34.88%	30.49%	20.83%	25.15%	15.62%	13.85%	11.77%	14.64%	4.95%	4.44%	5.31%	7.56%	-	-	-	-	-