Meritage Homes
MTH
60.07
-2.75
-4.38%
Meritage Homes
US · MTH
#2277 by market cap
Listed 1970
60.07
-2.75
-4.38%
Live - 5344 symbols - heartbeat 380s ago
· 2026-10-08 07:11
Pre-market
59.08
-1.65%
After-hours
60.07
0.00%
- Market cap
- 3.92B
- P/E (TTM)i
- 12.51
- P/Bi
- 0.77
- EPSi
- 6.35
- Div yieldi
- 3.03%
- 52W posi
- 10%
Reader sentiment
Are you bullish or bearish on MTH?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Margins
- Gross margin
- 19.74%
- Operating margin
- 9.22%
- Net margin
- 7.73%
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross profit | 653.20M | 700.19M | 976.00M | 1.44B | 1.80B | 1.52B | 1.60B | 1.16B |
| Selling & admin expenses | 380.38M | 392.82M | 446.92M | 466.85M | 516.25M | 616.63M | 639.93M | 616.17M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 272.82M | 307.37M | 529.08M | 968.48M | 1.29B | 902.39M | 958.35M | 540.46M |
| Pretax profit | 283.25M | 302.95M | 533.57M | 954.83M | 1.29B | 949.43M | 1.00B | 584.60M |
| Tax | 55.92M | 53.28M | 110.09M | 217.39M | 297.13M | 210.68M | 216.68M | 131.59M |
| Net profit | 227.33M | 249.66M | 423.48M | 737.44M | 992.19M | 738.75M | 786.19M | 453.01M |
| Basic EPS | 3 | 3 | 6 | 10 | 14 | 10 | 11 | 6 |
| Diluted EPS | 2.79 | 3.21 | 5.50 | 9.65 | 13.37 | 9.96 | 10.72 | 6.35 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.36B | 1.62B | 1.42B | -- | 1.12B | 1.40B |
| Gross profit | 302.38M | 346.22M | 271.63M | 236.40M | 197.02M | 259.46M |
| Selling & admin expenses | 151.72M | 164.01M | 151.51M | 148.93M | 130.87M | 144.19M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 150.66M | 182.21M | 120.12M | 87.47M | 66.15M | 115.28M |
| Pretax profit | 160.16M | 193.06M | 128.25M | 103.13M | 72.52M | 120.56M |
| Tax | 37.35M | 46.18M | 28.95M | 19.10M | 17.22M | 29.93M |
| Net profit | 122.81M | 146.88M | 99.30M | 84.03M | 55.31M | 90.63M |
| Basic EPS | 2 | 2 | 1 | 1 | 1 | 1 |
| Diluted EPS | 1.69 | 2.04 | 1.39 | 1.20 | 0.82 | 1.37 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.18B | 3.20B | 3.68B | 4.59B | 5.51B | 6.02B | 6.83B | 7.24B |
| Cash & ST investments | 311.47M | 319.47M | 745.62M | 618.34M | 861.56M | 921.23M | 651.56M | 775.16M |
| Inventory | 2.74B | 2.74B | 2.78B | 3.73B | 4.36B | 4.72B | 5.73B | 5.99B |
| Total assets | 3.37B | 3.40B | 3.86B | 4.81B | 5.77B | 6.35B | 7.16B | 7.62B |
| Total current liabilities | 310.12M | 349.03M | 444.45M | 543.46M | 613.49M | 641.62M | 596.69M | 510.44M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 1.31B | 1.02B | 1.02B | 1.16B | 1.15B | 1.01B | 1.34B | 1.83B |
| Total liabilities | 1,644,724,000.00 | 1,424,259,000.00 | 1,516,530,000.00 | 1,763,144,000.00 | 1,822,490,000.00 | 1,741,234,000.00 | 2,021,081,000.00 | 2,426,644,000.00 |
| Total equity | 1.72B | 1.97B | 2.35B | 3.04B | 3.95B | 4.61B | 5.14B | 5.20B |
| Retained earnings | 1.22B | 1.47B | 1.89B | 2.63B | 3.62B | 4.32B | 5.00B | 5.19B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 7.33B | 7.39B | 7.39B | 7.24B | 7.18B | 7.17B |
| Cash & ST investments | 1.01B | 930.46M | 728.94M | 775.16M | 766.63M | 807.27M |
| Inventory | 5.80B | 5.96B | 6.14B | 5.99B | 5.96B | 5.89B |
| Total assets | 7.70B | 7.76B | 7.76B | 7.62B | 7.55B | 7.55B |
| Total current liabilities | 577.25M | 567.77M | 547.66M | 510.44M | 472.80M | 493.94M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 1.84B | 1.83B | 1.83B | 1.83B | 1.84B | 1.85B |
| Total liabilities | 2,505,474,000.00 | 2,487,195,000.00 | 2,470,990,000.00 | 2,426,644,000.00 | 2,460,842,000.00 | 2,496,996,000.00 |
| Total equity | 5.19B | 5.27B | 5.29B | 5.20B | 5.09B | 5.06B |
| Retained earnings | 5.09B | 5.21B | 5.28B | 5.19B | 5.09B | 5.06B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 262.20M | 346.82M | 530.36M | -152.09M | 405.27M | 355.57M | -227.58M | 118.29M |
| Depreciation & amortization | 26.97M | 27.92M | 31.05M | 26.25M | 24.75M | 25.33M | 25.96M | 25.29M |
| Free cash flow | 228.79M | 322.44M | 510.43M | -177.76M | 378.30M | 317.38M | -256.23M | 92.57M |
| Dividends paid | -- | -- | -- | 0 | 0 | -39.53M | -108.59M | -121.07M |
| Stock buybacks / issuance | -100.00M | -16.04M | -69.59M | -60.99M | -109.30M | -59.07M | -125.93M | -295.00M |
| Ending cash balance | 311.47M | 319.47M | 745.62M | 618.34M | 861.56M | 921.23M | 651.56M | 775.16M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -42.58M | 13.70M | -96.51M | 243.67M | 101.31M | 189.47M |
| Depreciation & amortization | 5.95M | 6.66M | 5.99M | 6.68M | 5.37M | 6.08M |
| Free cash flow | -48.17M | 6.93M | -104.30M | 238.10M | 97.00M | 183.90M |
| Dividends paid | -30.89M | -30.60M | -30.28M | -29.31M | -32.02M | -31.28M |
| Stock buybacks / issuance | -45.00M | -45.00M | -55.00M | -150.00M | -130.00M | -100.00M |
| Ending cash balance | 1.01B | 930.46M | 728.94M | 775.16M | 766.63M | 807.27M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 13.79 | 13.51 | 19.60 | 27.35 | 28.37 | 17.26 | 16.12 | 8.76 |
| ROA %i | 6.87 | 7.38 | 11.66 | 17.01 | 18.76 | 12.19 | 11.63 | 6.13 |
| ROIC %i | 7.74 | 8.47 | 13.24 | 19.34 | 21.22 | 13.68 | 12.88 | 6.65 |
| 5-year avg ROE %i | 11.99 | 11.78 | 13.52 | 16.76 | 20.52 | 21.22 | 21.74 | 19.57 |
| EBIT margin %i | 8.01 | 8.46 | 11.89 | 18.56 | 20.47 | 15.47 | 15.69 | 9.98 |
| FCF / sales %i | 6.46 | 8.77 | 11.33 | -- | 6.01 | 5.17 | -- | 1.58 |
| Current ratioi | 10.26 | 9.18 | 8.28 | 8.45 | 8.98 | 9.38 | 11.44 | 14.19 |
| Quick ratioi | 1.25 | 1.17 | 1.90 | 1.41 | 1.75 | 1.85 | 1.52 | 2.12 |
| Debt / assetsi | 38.93 | 30.99 | 27.13 | 24.67 | 20.33 | 16.72 | 19.43 | 24.79 |
| LT debt / equityi | 76.13 | 53.35 | 44.65 | 38.96 | 29.71 | 23.03 | 27.07 | 36.37 |
| Interest coveragei | 361.83 | 37.19 | 246.09 | 3,003.62 | 31,447.78 | -- | -- | -- |
| Revenue CAGR (3Y) %i | 10.98 | 6.36 | 11.45 | 13.25 | 19.64 | 10.85 | 7.49 | -2.37 |
| Net income CAGR (3Y) %i | 20.87 | 18.63 | 43.52 | 48.03 | 58.40 | 20.38 | 2.16 | -23.00 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | 5.47 | -14.65 | -- | -37.45 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 14.58 | 12.58 | 10.50 | 8.76 | 7.49 | 6.38 |
| ROA %i | 10.19 | 8.70 | 7.29 | 6.13 | 5.05 | 4.30 |
| ROIC %i | 11.24 | 9.52 | 7.98 | 6.65 | 5.48 | 4.69 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 14.78 | 13.26 | 11.62 | 9.98 | 8.85 | 7.92 |
| FCF / sales %i | -- | -- | -- | 1.58 | 4.23 | 7.69 |
| Current ratioi | 12.70 | 13.01 | 13.49 | 14.19 | 15.18 | 14.52 |
| Quick ratioi | 2.21 | 2.12 | 1.92 | 2.12 | 2.22 | 2.25 |
| Debt / assetsi | 24.58 | 24.29 | 24.37 | 24.79 | 25.18 | 25.24 |
| LT debt / equityi | 36.44 | 35.75 | 35.76 | 36.37 | 37.34 | 37.71 |
| Interest coveragei | -- | -- | -- | -- | 847.62 | 154.02 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Homebuilding100.00%
Quote time 2026-10-08 07:11:04 · For reference only, not investment advice and not tailored to your situation.