MTH
Company Description
Meritage Homes Corporation, alongside its associated companies, focuses on the design and construction of single-family residences throughout the United States. The enterprise operates primarily through two distinct divisions: home construction and financial services. Its core business involves acquiring and developing land, followed by the building, marketing, and selling of homes, predominantly targeting first-time buyers and those seeking their initial upgrade. Furthermore, the company provides its homebuyers with crucial services such as title insurance and support for closing and settlement processes. Meritage Homes constructs and sells properties under its own brand name across a wide geographic footprint, including Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company was established in 1985 and has its corporate headquarters situated in Scottsdale, Arizona.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.86B | 6.40B | 6.14B | 6.29B | 5.14B | 4.50B | 3.67B | 3.53B | 3.24B | 3.04B | 2.58B | 2.18B |
| Net Income | 453.01M | 786.19M | 738.75M | 992.19M | 737.44M | 423.48M | 249.66M | 227.33M | 143.25M | 149.54M | 128.74M | 142.24M |
| EPS | 6.40 | 10.85 | 10.09 | 13.52 | 9.81 | 5.62 | 3.27 | 2.83 | 1.78 | 1.87 | 1.62 | 1.82 |
| Free Cash Flow | 92.57M | (256.23M) | 317.38M | 378.30M | (177.76M) | 510.43M | 322.44M | 228.78M | (105.23M) | (120.06M) | (19.43M) | (232.04M) |
| FCF / Share | 1.31 | -3.54 | 4.33 | 5.15 | -2.36 | 6.77 | 4.23 | 2.85 | -1.31 | -1.50 | -0.25 | -2.97 |
| Operating CF | 118.29M | (227.58M) | 355.57M | 405.27M | (152.09M) | 530.36M | 346.82M | 262.20M | (87.13M) | (103.40M) | (3.33M) | (211.25M) |
| Total Assets | 7.65B | 7.16B | 6.35B | 5.77B | 4.82B | 3.86B | 3.40B | 3.37B | 3.25B | 2.89B | 2.69B | 2.32B |
| Total Debt | 1.89B | 1.39B | 1.06B | 1.17B | 1.19B | 1.08B | 1.09B | 1.31B | 1.28B | 1.13B | 1.13B | 935.21M |
| Cash & Equiv | 775.16M | 651.55M | 921.23M | 861.56M | 618.34M | 745.62M | 319.47M | 311.47M | 170.75M | 131.70M | 262.21M | 103.33M |
| Book Value | 5.20B | 5.14B | 4.61B | 3.95B | 3.04B | 2.35B | 1.97B | 1.72B | 1.58B | 1.42B | 1.26B | 1.11B |
| Return on Equity | 0.09 | 0.15 | 0.16 | 0.25 | 0.24 | 0.18 | 0.13 | 0.13 | 0.09 | 0.11 | 0.10 | 0.13 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.12B | 1.44B | 1.42B | 1.63B | 1.36B | 1.62B | 1.60B | 1.70B | 1.47B | 1.66B | 1.62B | 1.57B |
| Net Income | 55.31M | 84.03M | 99.30M | 146.88M | 122.81M | 172.65M | 195.97M | 231.56M | 186.02M | 198.85M | 221.76M | 186.84M |
| EPS | 0.82 | 1.21 | 1.40 | 2.05 | 1.71 | 2.39 | 2.71 | 3.19 | 2.56 | 2.73 | 3.03 | 2.54 |
| Free Cash Flow | 97.00M | 238.10M | (104.30M) | 6.93M | (48.17M) | (107.05M) | (100.01M) | (124.85M) | 75.67M | (111.49M) | 94.12M | 219.18M |
| FCF / Share | 1.44 | 3.44 | -1.48 | 0.10 | -0.67 | -1.48 | -1.38 | -1.72 | 1.04 | -1.53 | 1.29 | 2.98 |
| Operating CF | 101.31M | 243.67M | (96.51M) | 13.70M | (42.58M) | (99.56M) | (92.00M) | (117.95M) | 81.93M | (104.52M) | 104.21M | 231.41M |
| Total Assets | 7.55B | 7.65B | 7.76B | 7.76B | 7.70B | 7.16B | 7.10B | 6.92B | 6.49B | 6.35B | 6.18B | 6.07B |
| Total Debt | 1.81B | 1.89B | 1.89B | 1.88B | 1.89B | 1.39B | 1.37B | 1.37B | 1.05B | 1.06B | 1.06B | 1.18B |
| Cash & Equiv | 766.63M | 775.16M | 728.94M | 930.46M | 1.01B | 651.55M | 831.56M | 992.92M | 905.30M | 921.23M | 1.05B | 1.16B |
| Book Value | 5.09B | 5.20B | 5.29B | 5.27B | 5.19B | 5.14B | 5.03B | 4.88B | 4.72B | 4.61B | 4.42B | 4.25B |
| Return on Equity | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 |