Meritage Homes Corporation

Meritage Homes Corporation

MTH
Meritage Homes CorporationUS flagNew York Stock Exchange
73.08
USD
-0.54
- -
4.87BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
25.4
28.07
32.74
38.23
40.4
44.18
48.27
59.74
68.48
85.82
83.8
88.21
82.75
79.03
Basic EPS, GAAP
1.72
1.82
1.63
1.87
1.78
2.83
3.28
5.61
9.81
13.52
10.09
10.85
6.4
4.82
Free Cash Flow per Basic Share
-1.3
-2.97
-0.25
-1.5
-1.31
2.85
4.23
6.77
-2.36
5.15
4.33
-3.54
1.31
6.07
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.54
1.5
1.71
1.8
Book Value per Share
11.61
14.17
15.87
17.76
19.55
22.6
25.84
31.29
40.76
54
63.31
71.49
76.22
77.61
Tangible Book Value per Share
11.47
13.75
15.45
17.34
19.14
22.17
25.84
31.29
40.76
54
63.31
71.49
76.22
77.61
Basic Weighted Avg Shares
72
78
79
80
81
80
76
75
75
73
73
72
71
68
Sales/Revenue/Turnover
1,834
2,191
2,593
3,057
3,255
3,544
3,678
4,506
5,147
6,298
6,138
6,393
5,861
5,395
Operating Margin (%)
10.59
9.47
7.97
7.01
7.46
7.7
8.36
11.74
18.82
20.43
14.7
14.99
9.22
7.21
Depreciation Expense
10
12
14
16
17
27
28
31
26
25
25
26
25
24
Net Income, GAAP
124
142
129
150
143
227
250
423
737
992
739
786
453
329
Effective Tax Rate (%)
29.95
31.75
32.05
31.42
42.12
19.74
17.59
20.63
22.77
23.05
22.19
21.61
22.51
22.43
Profit Margin (%)
6.79
6.49
4.97
4.89
4.4
6.41
6.79
9.4
14.33
15.75
12.04
12.3
7.73
6.1
Working Capital
1,597
1,942
2,279
2,420
2,761
2,873
2,854
3,237
4,048
4,898
5,379
6,232
6,733
6,678
LT Debt
921
935
1,117
1,112
1,284
1,310
1,053
1,048
1,186
1,173
1,062
1,392
1,890
1,907
Total Equity
841
1,109
1,259
1,421
1,577
1,721
1,974
2,348
3,044
3,950
4,612
5,142
5,196
5,058
Return on Invested Capital (%)
8.49
7.37
6.32
5.94
5.17
7.41
8.29
12.86
19.36
21.03
12.95
12.26
6.13
4.27
Return on Capital (%)
8.49
7.66
6.32
6.22
5.38
7.74
8.42
13.11
19.27
21.22
13.68
12.88
6.65
4.69
Return on Common Equity (%)
16.21
14.58
10.87
11.16
9.56
13.79
13.51
19.6
27.35
28.37
17.26
16.12
8.76
6.38

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
1,829
1,841
1,847
LT Finance Leases
60
61
60
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
67
65
Market Capitalization
4,486
4,125
5,465

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,243
7,176
7,172
Cash, Cash Equivalents & STI
775
767
807
Accounts Receivable, Net
- -
- -
- -
Inventories
5,987
5,962
5,892
Total Current Liabilities
510
473
494
Payables & Accruals
501
462
484
ST Debt
- -
- -
- -
Deferred Revenue
9
11
10

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.53%
17.74%
1.05%
Free Cash Flow
-49.31%
-156.12%
-136.13%
Net Income, GAAP
19.73%
9.44%
-42.38%
Sales/Revenue/Turnover
8.94%
5.97%
-8.33%
Total Cash Common Dividend
- -
- -
11.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,471
1,702
1,595
1,624
6,393
2025
1,365
1,634
1,424
1,437
5,861
2026
1,124
1,410
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.56
3.19
2.7
2.39
10.85
2025
1.71
2.06
1.4
1.21
6.4
2026
0.82
1.38
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.38
0.37
0.37
1.5
2025
0.43
0.43
0.43
0.42
1.71
2026
0.48
0.48
- -
- -
- -

Company Description

APIChatGPT
CEO
Phillippe Lord
Full Time Employees
1,860
Sector
Consumer Cyclical
Industry
Residential Construction
Address
18655 North Claret Drive Scottsdale AZ United States of America 85255
IPO Date
Jul 26, 1988
Business
Meritage Homes Corporation designs, constructs, markets, and sells energy-efficient single-family detached and attached homes primarily targeting entry-level and first move-up buyers. The company's product portfolio includes affordable new homes with a focus on sustainability, featuring energy-efficient technologies and building practices recognized by multiple ENERGY STAR® and EPA Indoor airPLUS awards. Meritage operates across three principal geographic segments—West (Arizona, California, Colorado, Utah), Central (Texas), and East (Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee)—offering homes that blend distinctive style, quality construction, and modern amenities. The company also provides financial services including title, escrow, mortgage, and insurance offerings to homebuyers. Founded in 1985 and headquartered in Scottsdale, Arizona, Meritage Homes is the fifth-largest public homebuilder in the United States by homes closed in 2024. In recent strategic moves, Meritage completed the acquisition of Elliott Homes' assets in October 2024, significantly expanding its presence into the Gulf Coast markets, adding over 5,500 lots, and aligning with its strategy of building affordable entry-level homes. Additionally, Meritage entered an exclusive multi-year supply agreement with James Hardie Building Products in 2024, making Hardie siding and trim standard on its new homes nationwide. The company has also adopted a strategic shift to sell homes later in the construction process, introducing a 60-day closing ready guarantee and promoting move-in ready homes beginning in 2025, enhancing customer convenience and engagement with external realtors. Meritage reported record home closing volumes of over 15,600 homes and the highest annual home closing revenue of $6.3 billion in 2024, underpinned by its commitment to sustainability and operational efficiencies that improve energy efficiency by 51% compared to 2006 baseline homes. Meritage's business segments comprise homebuilding, including land acquisition and development, construction, marketing, sales, warranty, and customer services, as well as financial services supporting home purchasing processes. The company emphasizes sustainability and innovation in residential construction, serving customers primarily in key U.S. states with expanding reach due to recent acquisitions and robust new community openings across multiple regions.

Company News

APIChatGPT
  • Meritage Homes Q2 Earnings Call Highlights

  • Updated: Mithril Silver and Gold June 2026 Quarterly Report Upgraded T1 MRE and District Expansion Drill Program

  • Mithril Silver And Gold June 2026 Quarterly Report Upgraded T1 MRE And District Expansion Drill Program

  • Meritage Homes Corporation (MTH) Q2 2026 Earnings Call Transcript

  • Compared to Estimates, Meritage (MTH) Q2 Earnings: A Look at Key Metrics

  • Meritage Homes (MTH) Surpasses Q2 Earnings Estimates

  • Meritage Homes reports second quarter 2026 results

  • MTH or NVR: Which Is the Better Value Stock Right Now?

  • Landmark Housing Affordability Bill Becomes Law: ETFs in Focus

  • New Strong Sell Stocks for June 24th

  • Meritage Homes Second Quarter 2026 Earnings Conference Call and Webcast Scheduled for July 30, 2026

  • Why Is Meritage (MTH) Down 8.6% Since Last Earnings Report?

  • Meritage Homes Announces Quarterly Cash Dividend

  • Meritage Homes Announces Quarterly Cash Dividend

  • Meritage Homes Corporation (MTH) Shareholder/Analyst Call Prepared Remarks Transcript

  • Meritage Homes Corp (MTH) Shares Surge 4.6% -- What GF Score of 86 Tells Investors

  • Bear of the Day: Meritage Homes Corporation (MTH)

  • Meritage Homes Corporation: Lack Of Bullish Data Points To Upgrade To Buy

  • Meritage Homes Corp (MTH) Shares Fall 3.4% -- What GF Score of 87 Tells Investors

  • Mithril Silver and Gold March 2026 Quarterly Report