S&P 500 7,459.94 â–ŧ 73.83 (-0.98%) DOW 52,169.10 â–ŧ 383.87 (-0.73%) NASDAQ 25,535.42 â–ŧ 346.53 (-1.34%) US Markets Closed â€ĸ 06:22 PM ET

MTH

Meritage Homes Corporation

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No historical data available

Latest Quote

$73.72

-0.11 (-0.15%)
Current Price
Previous Close $73.83
Open $75.03
Day High $75.22
Day Low $72.53
Volume 1,159,764
Fetched: 2026-07-15T12:42:36
Stock Information
Quarterly Dividend / Yield $1.92 / 2.60%
Shares Outstanding 66.70M
Quarterly Dividend Yield 2.60%
Quarterly Dividend $1.92
Total Debt $1.90B
Cash Equivalents $766.63M
Revenue $5.62B
Net Income $385.52M
Sector Consumer Cyclical
Industry Residential Construction
Market Cap $5.02B
P/E Ratio 13.72
EPS (TTM) $5.48
Exchange NYQ
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Recent Price History
No history data available. Data will be fetched automatically.
About Meritage Homes Corporation

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. The company also provides title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $4,703,993,000 $4,794,669,000 $4,618,585,000 $4,495,259,000
Cost Of Revenue $4,703,993,000 $4,794,669,000 $4,618,585,000 $4,495,259,000
Total Revenue $5,860,615,000 $6,392,939,000 $6,137,607,000 $6,298,154,000
Operating Revenue $5,857,637,000 $6,395,035,000 $6,138,263,000 $6,292,203,000
Expenses
Interest Expense $0 $0 $0 $41,000
Total Expenses $5,320,160,000 $5,434,594,000 $5,235,218,000 $5,011,509,000
Other Income Expense $44,145,000 $44,525,000 $47,041,000 $2,714,000
Other Non Operating Income Expenses $44,145,000 $45,156,000 $47,948,000 $2,714,000
Net Non Operating Interest Income Expense $0 $0 $0 $-41,000
Interest Expense Non Operating $0 $0 $0 $41,000
Operating Expense $616,167,000 $639,925,000 $616,633,000 $516,250,000
Selling And Marketing Expense $404,405,000 $409,069,000 $384,911,000 $323,266,000
General And Administrative Expense $211,762,000 $230,856,000 $231,722,000 $192,984,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $453,013,000 $786,186,000 $738,748,000 $992,192,000
Net Interest Income $0 $0 $0 $-41,000
Normalized Income $453,013,000 $786,680,664 $739,453,733 $992,192,000
Net Income From Continuing And Discontinued Operation $453,013,000 $786,186,000 $738,748,000 $992,192,000
Net Income Common Stockholders $453,013,000 $786,186,000 $738,748,000 $992,192,000
Net Income $453,013,000 $786,186,000 $738,748,000 $992,192,000
Net Income Including Noncontrolling Interests $453,013,000 $786,186,000 $738,748,000 $992,192,000
Net Income Continuous Operations $453,013,000 $786,186,000 $738,748,000 $992,192,000
Pretax Income $584,600,000 $1,002,870,000 $949,430,000 $1,289,318,000
Special Income Charges $0 $-631,000 $-907,000 $0
Operating Income $540,455,000 $958,345,000 $902,389,000 $1,286,645,000
Gross Profit $1,156,622,000 $1,598,270,000 $1,519,022,000 $1,802,895,000
Per Share
Diluted EPS $6.35 $10.72 $9.96 $13.37
Basic EPS $6.40 $10.85 $10.09 $13.52
Other
Tax Effect Of Unusual Items $0 $-136,336 $-201,267 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $609,885,000 $1,029,460,000 $975,671,000 $1,314,107,000
Total Unusual Items $0 $-631,000 $-907,000 $0
Total Unusual Items Excluding Goodwill $0 $-631,000 $-907,000 $0
Reconciled Depreciation $25,285,000 $25,959,000 $25,334,000 $24,748,000
EBITDA (Bullshit earnings) $609,885,000 $1,028,829,000 $974,764,000 $1,314,107,000
EBIT $584,600,000 $1,002,870,000 $949,430,000 $1,289,359,000
Diluted Average Shares $71,348,000 $73,332,000 $74,138,000 $74,202,000
Basic Average Shares $70,819,000 $72,476,000 $73,238,000 $73,388,000
Diluted NI Availto Com Stockholders $453,013,000 $786,186,000 $738,748,000 $992,192,000
Tax Provision $131,587,000 $216,684,000 $210,682,000 $297,126,000
Selling General And Administration $616,167,000 $639,925,000 $616,633,000 $516,250,000
Other Gand A $211,762,000 $230,856,000 $231,722,000 $192,984,000
Other Special Charges - $631,000 $907,000 -
Fetched: 2026-07-08
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $5,195,643,000 $5,141,573,000 $4,611,900,000 $3,949,611,000
Total Assets $7,622,287,000 $7,162,654,000 $6,353,134,000 $5,772,101,000
Total Non Current Assets $378,884,000 $333,637,000 $332,280,000 $260,529,000
Other Non Current Assets $221,676,000 $203,093,000 $218,584,000 $164,689,000
Non Current Deferred Assets $53,293,000 $54,524,000 $47,573,000 $45,452,000
Non Current Deferred Taxes Assets $53,293,000 $54,524,000 $47,573,000 $45,452,000
Current Assets $7,243,403,000 $6,829,017,000 $6,020,854,000 $5,511,572,000
Prepaid Assets $174,170,000 $192,405,000 $111,364,000 $76,729,000
Inventory $5,987,120,000 $5,728,775,000 $4,721,291,000 $4,358,263,000
Receivables $306,956,000 $256,282,000 $266,972,000 $215,019,000
Other Receivables $306,956,000 $256,282,000 $266,972,000 $215,019,000
Cash Cash Equivalents And Short Term Investments $775,157,000 $651,555,000 $921,227,000 $861,561,000
Cash And Cash Equivalents $775,157,000 $651,555,000 $921,227,000 $861,561,000
Non Current Prepaid Assets - - - -
Debt
Net Debt $1,053,897,000 $684,323,000 $86,988,000 $289,086,000
Total Debt $1,889,524,000 $1,391,703,000 $1,062,255,000 $1,173,429,000
Long Term Debt And Capital Lease Obligation $1,889,524,000 $1,391,703,000 $1,062,255,000 $1,173,429,000
Long Term Debt $1,829,054,000 $1,335,878,000 $1,008,215,000 $1,150,647,000
Liabilities
Total Liabilities Net Minority Interest $2,426,644,000 $2,021,081,000 $1,741,234,000 $1,822,490,000
Total Non Current Liabilities Net Minority Interest $1,916,201,000 $1,424,396,000 $1,099,615,000 $1,209,004,000
Current Liabilities $510,443,000 $596,685,000 $641,619,000 $613,486,000
Current Deferred Liabilities $9,213,000 $20,513,000 $36,605,000 $37,961,000
Payables And Accrued Expenses $501,230,000 $576,172,000 $605,014,000 $575,525,000
Interest Payable $14,619,000 $6,290,000 $6,331,000 $7,026,000
Payables $214,884,000 $236,955,000 $297,219,000 $298,449,000
Total Tax Payable $14,205,000 $24,478,000 $25,569,000 $25,182,000
Accounts Payable $200,679,000 $212,477,000 $271,650,000 $273,267,000
Other Non Current Liabilities - - - -
Equity
Common Stock Equity $5,195,643,000 $5,141,573,000 $4,611,900,000 $3,949,611,000
Total Equity Gross Minority Interest $5,195,643,000 $5,141,573,000 $4,611,900,000 $3,949,611,000
Stockholders Equity $5,195,643,000 $5,141,573,000 $4,611,900,000 $3,949,611,000
Retained Earnings $5,194,961,000 $4,998,177,000 $4,320,581,000 $3,621,367,000
Long Term Equity Investment $57,268,000 $28,735,000 $17,170,000 $11,753,000
Other
Ordinary Shares Number $68,168,923 $71,921,972 $72,850,074 $73,142,786
Share Issued $68,168,923 $71,921,972 $72,850,074 $73,142,786
Tangible Book Value $5,195,643,000 $5,141,573,000 $4,611,900,000 $3,949,611,000
Invested Capital $7,024,697,000 $6,477,451,000 $5,620,115,000 $5,100,258,000
Working Capital $6,732,960,000 $6,232,332,000 $5,379,235,000 $4,898,086,000
Capital Lease Obligations $60,470,000 $55,825,000 $54,040,000 $22,782,000
Total Capitalization $7,024,697,000 $6,477,451,000 $5,620,115,000 $5,100,258,000
Additional Paid In Capital $0 $143,036,000 $290,955,000 $327,878,000
Capital Stock $682,000 $360,000 $364,000 $366,000
Common Stock $682,000 $360,000 $364,000 $366,000
Preferred Stock $0 $0 $0 $0
Long Term Capital Lease Obligation $60,470,000 $55,825,000 $54,040,000 $22,782,000
Long Term Provisions $26,677,000 $32,693,000 $37,360,000 $35,575,000
Current Deferred Revenue $9,213,000 $20,513,000 $36,605,000 $37,961,000
Line Of Credit $0 $0 $0 $0
Current Accrued Expenses $286,346,000 $339,217,000 $307,795,000 $277,076,000
Investments And Advances $57,268,000 $28,735,000 $17,170,000 $11,753,000
Net PPE $46,647,000 $47,285,000 $48,953,000 $38,635,000
Accumulated Depreciation $-76,150,000 $-69,297,000 $-73,772,000 $-84,621,000
Gross PPE $122,797,000 $116,582,000 $122,725,000 $123,256,000
Machinery Furniture Equipment $122,797,000 $116,582,000 $122,725,000 $123,256,000
Finished Goods $5,987,120,000 $5,728,775,000 $4,721,291,000 $4,358,263,000
Investment Properties - - - $0
Fetched: 2026-07-08
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $92,566,000 $-256,234,000 $317,380,000 $378,299,000
Operating Activities
Operating Cash Flow $118,288,000 $-227,576,000 $355,572,000 $405,270,000
Cash Flow From Continuing Operating Activities $118,288,000 $-227,576,000 $355,572,000 $405,270,000
Operating Gains Losses $-3,973,000 $-8,594,000 $-5,464,000 $-6,093,000
Investing Activities
Capital Expenditure $-25,722,000 $-28,658,000 $-38,192,000 $-26,971,000
Investing Cash Flow $-57,699,000 $-44,074,000 $-43,623,000 $-32,286,000
Cash Flow From Continuing Investing Activities $-57,699,000 $-44,074,000 $-43,623,000 $-32,286,000
Financing Activities
Repurchase Of Capital Stock $-294,999,000 $-125,932,000 $-59,067,000 $-109,303,000
Financing Cash Flow $63,013,000 $1,978,000 $-252,283,000 $-129,758,000
Cash Flow From Continuing Financing Activities $63,013,000 $1,978,000 $-252,283,000 $-129,758,000
Net Other Financing Charges $-5,106,000 $-17,082,000 - -
Cash Dividends Paid $-121,072,000 $-108,590,000 $-39,534,000 $0
Common Stock Dividend Paid $-121,072,000 $-108,590,000 $-39,534,000 $0
Net Common Stock Issuance $-294,999,000 $-125,932,000 $-59,067,000 $-109,303,000
Dividends Received Cfi $500,000 $2,867,000 $137,000 $0
Dividend Received Cfo $4,143,000 $7,461,000 $6,792,000 $5,900,000
Other
Repayment Of Debt $-13,005,000 $-321,418,000 $-153,682,000 $-20,455,000
Issuance Of Debt $497,195,000 $575,000,000 $0 $0
Interest Paid Supplemental Data $15,702,000 $5,506,000 $1,454,000 $2,279,000
Income Tax Paid Supplemental Data $154,230,000 $208,516,000 $212,093,000 $311,725,000
End Cash Position $775,157,000 $651,555,000 $921,227,000 $861,561,000
Beginning Cash Position $651,555,000 $921,227,000 $861,561,000 $618,335,000
Changes In Cash $123,602,000 $-269,672,000 $59,666,000 $243,226,000
Common Stock Payments $-294,999,000 $-125,932,000 $-59,067,000 $-109,303,000
Net Issuance Payments Of Debt $484,190,000 $253,582,000 $-153,682,000 $-20,455,000
Net Long Term Debt Issuance $484,190,000 $253,582,000 $-153,682,000 $-20,455,000
Long Term Debt Payments $-13,005,000 $-321,418,000 $-153,682,000 $-20,455,000
Long Term Debt Issuance $497,195,000 $575,000,000 $0 $0
Net Investment Purchase And Sale $0 $0 $0 $0
Sale Of Investment $1,750,000 $750,000 $750,000 $1,032,000
Purchase Of Investment $-1,750,000 $-750,000 $-750,000 $-1,032,000
Net Business Purchase And Sale $-32,728,000 $-18,545,000 $-5,991,000 $-5,796,000
Purchase Of Business $-32,728,000 $-18,545,000 $-5,991,000 $-5,796,000
Net PPE Purchase And Sale $-25,471,000 $-28,396,000 $-37,769,000 $-26,490,000
Sale Of PPE $251,000 $262,000 $423,000 $481,000
Purchase Of PPE $-25,722,000 $-28,658,000 $-38,192,000 $-26,971,000
Change In Working Capital $-438,695,000 $-1,078,857,000 $-436,464,000 $-644,673,000
Change In Payables And Accrued Expense $-92,370,000 $-41,933,000 $22,609,000 $76,985,000
Change In Prepaid Assets $-17,008,000 $-97,446,000 $-37,496,000 $5,814,000
Change In Inventory $-274,052,000 $-979,254,000 $-357,408,000 $-624,522,000
Change In Receivables $-55,265,000 $39,776,000 $-64,169,000 $-102,950,000
Changes In Account Receivables $-55,265,000 $39,776,000 $-64,169,000 $-102,950,000
Other Non Cash Items $1,332,000 $7,758,000 $-2,158,000 $10,863,000
Stock Based Compensation $19,683,000 $25,809,000 $22,511,000 $22,333,000
Asset Impairment Charge $57,500,000 $6,702,000 $6,273,000 -
Depreciation Amortization Depletion $25,285,000 $25,959,000 $25,334,000 $24,748,000
Depreciation And Amortization $25,285,000 $25,959,000 $25,334,000 $24,748,000
Earnings Losses From Equity Investments $-3,973,000 $-9,225,000 $-6,371,000 $-6,093,000
Net Income From Continuing Operations $453,013,000 $786,186,000 $738,748,000 $992,192,000
Change In Other Current Assets - - - $-624,522,000
Fetched: 2026-07-08