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Meritage Homes Corporation (MTH)
NYSE: MTH · Real-Time Price · USD
74.62
+2.36 (3.27%)
At close: Aug 7, 2026, 4:00 PM EDT
74.59
-0.03 (-0.04%)
After-hours: Aug 7, 2026, 4:00 PM EDT

Meritage Homes Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,3925,8586,3956,1386,2925,141
Revenue Growth
-13.27%-8.40%4.18%-2.45%22.38%14.22%
Gross Profit
960.531,1541,6001,5201,7971,429
Operating Income
385.04537.48960.44903.051,281962.47
Net Income
329.27453.01786.19738.75992.19737.44
Earnings Per Share
4.786.3510.729.9613.379.64
EPS Growth
-45.43%-40.77%7.63%-25.50%38.62%75.36%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
West Homebuilding
1,5381,8292,2242,1422,2501,936
Central Homebuilding
1,7661,8362,016---
East Homebuilding
1,9982,0982,102---
Revenue (Total)
5,3925,8586,3956,1386,2925,141

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
807.27775.16651.56921.23861.56618.34
Total Debt
1,8471,8291,3361,0081,1511,160
Net Cash (Debt)
-1,040-1,054-684.32-86.99-289.09-541.7
Net Cash Growth
------
Net Cash Per Share
-15.13-14.77-9.33-1.17-3.90-7.08

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
437.94118.29-227.58355.57405.27-152.09
Capital Expenditures
-23.24-25.72-28.66-38.19-26.97-25.66
Free Cash Flow
414.7192.57-256.23317.38378.3-177.76
Free Cash Flow Growth
----16.10%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
17.82%19.69%25.03%24.76%28.56%27.80%
Operating Margin
7.14%9.18%15.02%14.71%20.35%18.72%
Pretax Margin
7.87%9.98%15.68%15.47%20.49%18.57%
Profit Margin
6.11%7.73%12.29%12.04%15.77%14.34%
FCF Margin
7.69%1.58%-4.01%5.17%6.01%-3.46%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023
Period EndingAug '26 Dec '25 Dec '24 Dec '23
Dividend Per Share
1.9201.7201.5000.540
Dividend Per Share Growth
13.04%14.67%177.78%-
Dividend Yield
2.57%2.60%1.95%0.62%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.5810.367.178.743.456.33
Forward PE
13.469.917.639.455.665.30
P/FCF Ratio
11.5648.46-19.998.91-
PS Ratio
0.890.770.861.030.540.89