Meritage Homes Corporation

Meritage Homes Corporation

MTH
Meritage Homes CorporationUS flagNew York Stock Exchange
74.44
USD
+0.85
- -
4.97BMarket 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
80.64
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
5.53
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
3.41
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.54
1.5
1.71
1.75
Book Value per Share
5.93
7.31
8.83
10.62
12.31
15.2
19.27
25.08
34.98
49.35
59
68.97
73.37
73.09
Tangible Book Value per Share
11.51
13.8
15.48
17.37
19.16
21.04
25.91
31.12
40.5
53.82
62.97
70.94
73.37
73.09
Basic Weighted Avg Shares
72
78
79
80
81
80
76
75
75
73
73
72
71
70
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
5,620
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
8.11
Depreciation Expense
10
12
14
16
17
27
28
31
26
25
25
26
25
25
Net Income, GAAP
124
142
129
150
143
227
250
423
737
992
739
786
453
386
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
6.86
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
6,703
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
1,902
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
5,094
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
4.99
Return on Capital (%)
11.37
10.21
8.4
8.07
6.84
9.49
10.09
15.39
21.75
23.05
14.52
13.36
6.72
5.52
Return on Common Equity (%)
33.99
28.47
20.27
19.32
15.56
20.56
18.58
25.2
32.62
31.74
18.6
16.87
8.89
7.57

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
1,829
1,829
1,841
LT Finance Leases
62
60
61
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
68
67
Market Capitalization
5,183
4,660
4,310

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7,390
7,243
7,176
Cash, Cash Equivalents & STI
729
775
767
Accounts Receivable, Net
- -
- -
- -
Inventories
6,141
5,987
5,962
Total Current Liabilities
548
510
473
Payables & Accruals
538
501
462
ST Debt
- -
- -
- -
Deferred Revenue
9
9
11

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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Phillippe Lord
Full Time Employees
1,898
Sector
Consumer Cyclical
Industry
Residential Construction
Address
8800 East Raintree Drive Scottsdale AZ United States of America 85260
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

MCPAPIChat
  • 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

  • Meritage Homes Corporation (MTH) Q1 2026 Earnings Call Transcript

  • Meritage Homes (MTH) Lags Q1 Earnings and Revenue Estimates

  • Here's What Key Metrics Tell Us About Meritage (MTH) Q1 Earnings

  • Meritage Homes reports first quarter 2026 results

  • Meritage Homes (MTH) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

  • Meritage Homes Corporation $MTH Position Decreased by First Trust Advisors LP

  • Meritage Homes First Quarter 2026 Earnings Conference Call and Webcast Scheduled for April 23, 2026

  • Fisher Asset Management LLC Decreases Stake in Meritage Homes Corporation $MTH

  • Mithril Appoints James Barr as Vice President, Exploration

  • Insider Selling: Meritage Homes (NYSE:MTH) CEO Sells $2,510,401.80 in Stock