MTH · Meritage Homes Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $51.40M | - | $51.79M | $55.18M | $57.00M | - | $59.20M | $53.18M | $50.73M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $5.37M | - | - | - | $5.95M | - | - | - | $6.04M | - |
| Operating Income | $72.52M | - | $128.25M | $193.06M | $160.16M | - | $249.93M | $297.36M | $234.01M | - |
| Interest Expense | $587.0K | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Income Tax | $17.21M | - | $28.95M | $46.18M | $37.35M | - | $53.97M | $65.81M | $48.00M | - |
| Net Income | $55.31M | - | $99.30M | $146.88M | $122.81M | - | $195.97M | $231.56M | $186.02M | - |
| EPS - Basic | $0.82 | - | $1.40 | $2.06 | $1.71 | - | $2.71 | $3.19 | $2.56 | - |
| EPS - Diluted | $0.82 | - | $1.39 | $2.04 | $1.69 | - | $2.67 | $3.15 | $2.53 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $766.63M | $775.16M | $728.94M | $930.46M | $1.01B | $651.55M | $831.56M | $992.92M | $905.30M | $921.23M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $7.55B | $7.62B | $7.76B | $7.76B | $7.70B | $7.16B | $7.10B | $6.92B | $6.49B | $6.35B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.46B | $2.43B | $2.47B | $2.49B | $2.51B | $2.02B | $2.07B | $2.04B | $1.77B | $1.74B |
| Stockholders' Equity | $5.09B | $5.20B | $5.29B | $5.27B | $5.19B | $5.14B | $5.03B | $4.88B | $4.72B | $4.61B |
| Retained Earnings | $5.09B | $5.19B | $5.28B | $5.21B | $5.09B | $5.00B | $4.85B | $4.68B | $4.48B | $4.32B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $101.31M | - | - | - | ($42.58M) | - | - | - | $81.93M | - |
| Investing Cash Flow | ($7.73M) | - | - | - | ($11.41M) | - | - | - | ($7.76M) | - |
| Financing Cash Flow | ($102.10M) | - | - | - | $414.09M | - | - | - | ($90.09M) | - |
| CapEx | $4.31M | - | - | - | $5.59M | - | - | - | $6.26M | - |
| Free Cash Flow | $97.00M | - | - | - | ($48.17M) | - | - | - | $75.67M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.75 | - | - | - | -0.39 | - | - | - | 0.41 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.7% | - | 22.6% | 23.9% | 23.3% | - | 21.6% | 22.1% | 20.5% | - |
| Return on assets | 0.7% | - | 1.3% | 1.9% | 1.6% | - | 2.8% | 3.3% | 2.9% | - |
| Return on equity | 1.1% | - | 1.9% | 2.8% | 2.4% | - | 3.9% | 4.7% | 3.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 123.6x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.48 | 1.47 | 1.47 | 1.47 | 1.48 | 1.39 | 1.41 | 1.42 | 1.37 | 1.38 |
| Liabilities / Assets | 0.33 | 0.32 | 0.32 | 0.32 | 0.33 | 0.28 | 0.29 | 0.29 | 0.27 | 0.27 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 75.4x | - | 52.1x | 32.8x | 41.9x | - | 38.4x | 25.6x | 34.7x | - |
| P / B | 0.8x | - | 1.0x | 0.9x | 1.0x | - | 0.7x | 0.6x | 0.7x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 44.0x | - | - | - | 24.9x | - | - | - | 9.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -54.7% | - | -48.7% | -35.1% | -31.6% | - | -12.5% | 24.1% | 41.6% | - |
| Net income growth (YoY) | -55.0% | - | -49.3% | -36.6% | -34.0% | - | -11.6% | 23.9% | 41.7% | - |
| EPS growth (YoY) | -51.5% | - | -47.9% | -35.3% | -33.2% | - | -55.4% | -37.2% | -28.5% | - |
| EPS CAGR (3y) | -38.6% | - | -41.9% | -33.0% | -33.7% | - | -20.2% | -10.2% | -9.7% | - |
| EPS CAGR (5y) | -24.9% | - | -13.3% | -3.0% | -1.6% | - | 8.3% | 19.2% | 31.2% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -34.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 22.9% | - |
| Book value growth (YoY) | -1.9% | 1.1% | 5.1% | 7.9% | 10.0% | 11.5% | 13.8% | 14.9% | 16.1% | 16.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.84B totalHomebuilding Segment$1.84B · 100.0%
Product / service
$11.68B totalReal Estate$5.82B · 49.9%
Home Building$5.76B · 49.3%
Land$60.84M · 0.5%
Financial Service$33.20M · 0.3%
Peer comparison
Same SIC group: Operative Builders
Comparing Meritage Homes CORP against the 5 most active filers in the same SIC group.
Dividends
$1.77/share trailing 12 months · +13.8% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.4800 |
| Dec 17, 2025 | $0.4300 |
| Sep 16, 2025 | $0.4300 |
| Jun 16, 2025 | $0.4300 |
| Mar 17, 2025 | $0.4300 |
| Dec 17, 2024 | $0.3750 |
| Sep 16, 2024 | $0.3750 |
| Jun 14, 2024 | $0.3750 |
| Mar 14, 2024 | $0.3750 |
| Dec 14, 2023 | $0.1350 |
| Sep 14, 2023 | $0.1350 |
| Jun 14, 2023 | $0.1350 |
| Mar 14, 2023 | $0.1350 |