Meritage Homes Corporation (MTH)
NYSE: MTH · Real-Time Price · USD
70.53
-1.70 (-2.35%)
Aug 27, 2026, 4:00 PM EDT - Market closed
Meritage Homes Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 329.27 | 453.01 | 786.19 | 738.75 | 992.19 | 737.44 |
Depreciation & Amortization | 24.12 | 25.29 | 25.96 | 25.33 | 24.75 | 26.25 |
Asset Writedown & Restructuring Costs | 18.12 | 18.12 | - | 0.96 | - | - |
Loss (Gain) on Equity Investments | 0.16 | 0.17 | -1.76 | 0.42 | -0.19 | 0.29 |
Stock-Based Compensation | 21.44 | 19.68 | 25.81 | 22.51 | 22.33 | 20.07 |
Other Operating Activities | 46.72 | 40.71 | 15.09 | 4.06 | 10.86 | 15.28 |
Change in Accounts Receivable | -15.1 | -55.27 | 39.78 | -64.17 | -102.95 | -65.11 |
Change in Inventory | 82.9 | -274.05 | -979.25 | -357.41 | -624.52 | -948.06 |
Change in Accounts Payable | -96.08 | -92.37 | -41.93 | 22.61 | 76.99 | 76.16 |
Change in Unearned Revenue | -0.93 | -11.3 | -16.09 | -1.36 | -4.65 | 17.54 |
Change in Other Net Operating Assets | 27.33 | -5.71 | -81.35 | -36.14 | 10.46 | -31.95 |
Operating Cash Flow | 437.94 | 118.29 | -227.58 | 355.57 | 405.27 | -152.09 |
Operating Cash Flow Growth | - | - | - | -12.26% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -23.24 | -25.72 | -28.66 | -38.19 | -26.97 | -25.66 |
Sale of Property, Plant & Equipment | 0.32 | 0.25 | 0.26 | 0.42 | 0.48 | 0.55 |
Investment in Securities | -38.43 | -32.23 | -15.68 | -5.85 | -5.8 | -1.71 |
Investing Cash Flow | -61.36 | -57.7 | -44.07 | -43.62 | -32.29 | -26.82 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 497.2 | 575 | - | - | 450 |
Long-Term Debt Repaid | - | -13.01 | -321.42 | -153.68 | -20.46 | -331.28 |
Net Debt Issued (Repaid) | -1.84 | 484.19 | 253.58 | -153.68 | -20.46 | 118.72 |
Repurchase of Common Stock | -435 | -295 | -125.93 | -59.07 | -109.3 | -60.99 |
Common Dividends Paid | -122.89 | -121.07 | -108.59 | -39.53 | - | - |
Other Financing Activities | 59.95 | -5.11 | -17.08 | - | - | -6.1 |
Financing Cash Flow | -499.78 | 63.01 | 1.98 | -252.28 | -129.76 | 51.63 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -123.2 | 123.6 | -269.67 | 59.67 | 243.23 | -127.29 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 414.71 | 92.57 | -256.23 | 317.38 | 378.3 | -177.76 |
Free Cash Flow Growth | - | - | - | -16.10% | - | - |
Free Cash Flow Margin | 7.69% | 1.58% | -4.01% | 5.17% | 6.01% | -3.46% |
Free Cash Flow Per Share | 6.04 | 1.30 | -3.49 | 4.28 | 5.10 | -2.33 |
Levered Free Cash Flow | 293.9 | -16.33 | -471.91 | 135.66 | 189.22 | -348.58 |
Unlevered Free Cash Flow | 295.64 | -16.33 | -471.91 | 135.66 | 189.25 | -348.39 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 100.34 | 154.23 | 208.52 | 212.09 | 311.73 | 221.1 |
Change in Working Capital | -1.89 | -438.7 | -1,079 | -436.46 | -644.67 | -951.42 |