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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	930.46	651.56	921.23	861.56	618.34	745.62
Cash & Short-Term Investments	930.46	651.56	921.23	861.56	618.34	745.62
Cash Growth	-6.29%	-29.27%	6.93%	39.34%	-17.07%	133.40%
Other Receivables	270.84	256.28	266.97	215.02	147.55	98.57
Receivables	270.84	256.28	266.97	215.02	147.55	98.57
Inventory	5,964	5,729	4,721	4,358	3,734	2,778
Prepaid Expenses	150.44	111.69	129.05	108.8	67.18	44.02
Other Current Assets	221.36	192.41	111.36	76.73	90.68	59.53
Total Current Assets	7,537	6,941	6,150	5,620	4,658	3,726
Property, Plant & Equipment	99.57	100.23	100.23	57.76	58.38	60.56
Long-Term Investments	34.68	28.74	17.17	11.75	5.76	4.35
Goodwill	32.96	32.96	32.96	32.96	32.96	32.96
Long-Term Deferred Tax Assets	52.4	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	7,756	7,163	6,353	5,772	4,808	3,864
Accounts Payable	242.08	212.48	271.65	273.27	216.01	175.25
Accrued Expenses	300.83	339.22	307.8	277.08	247.55	209.75
Current Portion of Leases	-	9.51	-	-	-	-
Current Income Taxes Payable	13.91	24.48	25.57	25.18	37.3	34.37
Other Current Liabilities	35.56	32.69	37.36	35.58	26.26	23.74
Total Current Liabilities	592.38	618.38	642.37	611.1	527.12	443.12
Long-Term Debt	1,828	1,336	1,008	1,151	1,160	1,020
Long-Term Leases	56.14	46.31	54.04	22.78	26.17	28.25
Long-Term Unearned Revenue	10.95	20.51	36.61	37.96	42.61	25.07
Other Long-Term Liabilities	-	-	-	-	7.21	-
Total Liabilities	2,487	2,021	1,741	1,822	1,763	1,517
Common Stock	0.71	0.36	0.36	0.37	0.37	0.38
Additional Paid-In Capital	62.08	143.04	290.96	327.88	414.84	455.76
Retained Earnings	5,206	4,998	4,321	3,621	2,629	1,892
Shareholders' Equity	5,269	5,142	4,612	3,950	3,044	2,348
Total Liabilities & Equity	7,756	7,163	6,353	5,772	4,808	3,864
Total Debt	1,884	1,392	1,062	1,173	1,186	1,048
Net Cash (Debt)	-953.4	-740.15	-141.03	-311.87	-567.87	-302.72
Net Cash Per Share	-13.11	-10.09	-1.90	-4.20	-7.43	-3.93
Filing Date Shares Outstanding	71.16	71.77	72.34	73.14	73.88	75.02
Total Common Shares Outstanding	71.16	71.92	72.85	73.14	74.68	75.02
Working Capital	6,944	6,322	5,508	5,009	4,131	3,283
Book Value Per Share	74.05	71.49	63.31	54.00	40.76	31.29
Tangible Book Value	5,236	5,109	4,579	3,917	3,011	2,315
Tangible Book Value Per Share	73.59	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 Apr 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q