Meritage Homes Corporation (MTH)

Meritage Homes Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	728.94	651.56	921.23	861.56	618.34	745.62
Cash & Short-Term Investments	728.94	651.56	921.23	861.56	618.34	745.62
Cash Growth	-12.34%	-29.27%	6.93%	39.34%	-17.07%	133.40%
Other Receivables	321.76	256.28	266.97	215.02	147.55	98.57
Receivables	321.76	256.28	266.97	215.02	147.55	98.57
Inventory	6,141	5,729	4,721	4,358	3,734	2,778
Prepaid Expenses	228.05	111.69	129.05	108.8	67.18	44.02
Other Current Assets	198.16	192.41	111.36	76.73	90.68	59.53
Total Current Assets	7,618	6,941	6,150	5,620	4,658	3,726
Property, Plant & Equipment	47.98	100.23	100.23	57.76	58.38	60.56
Long-Term Investments	45.71	28.74	17.17	11.75	5.76	4.35
Goodwill	-	32.96	32.96	32.96	32.96	32.96
Long-Term Deferred Tax Assets	47.22	54.52	47.57	45.45	40.67	36.04
Long-Term Deferred Charges	-	5.5	5.3	3.8	3.6	4.7
Other Long-Term Assets	-	-	-	-	8.01	-
Total Assets	7,759	7,163	6,353	5,772	4,808	3,864
Accounts Payable	217.88	212.48	271.65	273.27	216.01	175.25
Accrued Expenses	414.72	339.22	307.8	277.08	247.55	209.75
Current Portion of Leases	-	9.51	-	-	-	-
Current Income Taxes Payable	-	24.48	25.57	25.18	37.3	34.37
Other Current Liabilities	-	32.69	37.36	35.58	26.26	23.74
Total Current Liabilities	632.59	618.38	642.37	611.1	527.12	443.12
Long-Term Debt	1,829	1,336	1,008	1,151	1,160	1,020
Long-Term Leases	-	46.31	54.04	22.78	26.17	28.25
Long-Term Unearned Revenue	9.42	20.51	36.61	37.96	42.61	25.07
Other Long-Term Liabilities	-	-	-	-	7.21	-
Total Liabilities	2,471	2,021	1,741	1,822	1,763	1,517
Common Stock	0.7	0.36	0.36	0.37	0.37	0.38
Additional Paid-In Capital	11.42	143.04	290.96	327.88	414.84	455.76
Retained Earnings	5,275	4,998	4,321	3,621	2,629	1,892
Shareholders' Equity	5,288	5,142	4,612	3,950	3,044	2,348
Total Liabilities & Equity	7,759	7,163	6,353	5,772	4,808	3,864
Total Debt	1,829	1,392	1,062	1,173	1,186	1,048
Net Cash (Debt)	-1,100	-740.15	-141.03	-311.87	-567.87	-302.72
Net Cash Per Share	-15.24	-10.09	-1.90	-4.20	-7.43	-3.93
Filing Date Shares Outstanding	70.41	71.77	72.34	73.14	73.88	75.02
Total Common Shares Outstanding	70.41	71.92	72.85	73.14	74.68	75.02
Working Capital	6,985	6,322	5,508	5,009	4,131	3,283
Book Value Per Share	75.10	71.49	63.31	54.00	40.76	31.29
Tangible Book Value	5,288	5,109	4,579	3,917	3,011	2,315
Tangible Book Value Per Share	75.10	71.03	62.85	53.55	40.32	30.86
Machinery	-	116.58	122.73	123.26	123.92	135.81
Order Backlog	-	629.55	1,088	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q