Meritage Homes Corporation (MTH) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MTH Revenue Growth
Revenue Breakdown (FY 2025)
MTH's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MTH Revenue Analysis (2014–2025)
As of May 8, 2026, Meritage Homes Corporation (MTH) generated trailing twelve-month (TTM) revenue of $5.62 billion, reflecting significant decline in growth of -17.7% year-over-year. The most recent quarter (Q1 2026) recorded $1.12 billion in revenue, down 21.8% sequentially.
Looking at the longer-term picture, MTH's 5-year compound annual growth rate (CAGR) stands at +5.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $6.40 billion in 2024.
Revenue diversification analysis shows MTH's business is primarily driven by Real Estate (50%), Home Building (49%), and Land (1%).
When compared to Consumer Cyclical sector peers including DHI (-5.6% YoY), LEN (-3.8% YoY), and PHM (-5.9% YoY), MTH has underperformed the peer group in terms of revenue growth. Compare MTH vs DHI →
MTH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MTHCurrent | $5.6B | -17.7% | +5.4% | 9.2% | |
 DHI | $34.3B | -5.6% | +11.0% | 12.9% | |
 LEN | $34.2B | -3.8% | +8.8% | 8.0% | |
 PHM | $17.3B | -5.9% | +9.4% | 17.3% | |
 NVR | $10.3B | -3.5% | +6.5% | 16.2% | |
 TOL | $11.0B | +1.1% | +9.2% | 15.7% |
MTH Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.86B | -8.4% | $1.15B | 19.7% | $537.5M | 9.2% |
| 2024 | $6.40B | +4.2% | $1.60B | 25.0% | $958.3M | 15.0% |
| 2023 | $6.14B | -2.4% | $1.52B | 24.7% | $902.4M | 14.7% |
| 2022 | $6.29B | +22.4% | $1.80B | 28.7% | $1.29B | 20.4% |
| 2021 | $5.14B | +14.2% | $1.44B | 28.0% | $970.6M | 18.9% |
| 2020 | $4.50B | +22.8% | $1.00B | 22.2% | $554.0M | 12.3% |
| 2019 | $3.67B | +3.9% | $707.5M | 19.3% | $314.7M | 8.6% |
| 2018 | $3.53B | +8.9% | $659.9M | 18.7% | $279.5M | 7.9% |
| 2017 | $3.24B | +6.6% | $595.3M | 18.4% | $249.6M | 7.7% |
| 2016 | $3.04B | +17.9% | $556.9M | 18.3% | $218.0M | 7.2% |
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Start ComparisonMTH — Frequently Asked Questions
Quick answers to the most common questions about buying MTH stock.
Is MTH's revenue growth accelerating or slowing?
MTH revenue declined -17.7% year-over-year, contrasting with the 5-year CAGR of +5.4%. TTM revenue fell to $5.6B. This reverses the prior growth trend.
What is MTH's long-term revenue growth rate?
Meritage Homes Corporation's 5-year revenue CAGR of +5.4% reflects the variable expansion pattern. Current YoY growth of -17.7% is below this long-term average.
How is MTH's revenue distributed by segment?
MTH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.