MTH
Meritage Homes Corporation
NYSE · Consumer Cyclical · Residential Construction · US
$67.33
−0.21%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 5.5B | 5.9B | 6.4B | 6.1B | 6.3B |
| Cost of Revenue | 4.4B | 4.7B | 4.8B | 4.6B | 4.5B |
| Gross Profit | 1.0B | 1.2B | 1.6B | 1.5B | 1.8B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 496.0M | 211.8M | 639.9M | 616.6M | 516.3M |
| General & Admin Expense | 203.4M | 211.8M | 230.9M | 231.7M | 193.0M |
| Selling & Marketing Expense | 292.7M | — | 409.1M | 384.9M | 323.3M |
| Other Expenses | 79.5M | 404.4M | — | — | — |
| Total Operating Expenses | 575.5M | 616.2M | 639.9M | 616.6M | 516.3M |
| Cost and Expenses | 5.0B | 5.3B | 5.4B | 5.2B | 5.0B |
| Operating Income (EBIT) | 455.8M | 537.5M | 958.3M | 902.4M | 1.3B |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 2.8M | — | — | — | 41.0K |
| Net Interest Income | (2.8M) | — | — | — | (41.0K) |
| Other Non-Op Income/Expense | (31.3M) | 47.1M | 44.5M | 47.0M | 2.7M |
| Non-Operating Income (excl Interest) | (24.9M) | (47.1M) | (44.5M) | (47.0M) | (2.7M) |
| EBT (Pre-Tax Income) | 424.5M | 584.6M | 1.0B | 949.4M | 1.3B |
| Income Tax Expense | 95.2M | 131.6M | 216.7M | 210.7M | 297.1M |
| Bottom Line | |||||
| Net Income | 329.3M | 453.0M | 786.2M | 738.7M | 992.2M |
| Earnings from Cont. Ops | 329.3M | 453.0M | 786.2M | 738.7M | 992.2M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 329.3M | 453.0M | 786.2M | 738.7M | 992.2M |
| Per Share | |||||
| Basic EPS | $4.80 | $6.40 | $10.85 | $10.09 | $13.52 |
| Diluted EPS | $4.78 | $6.40 | $10.72 | $9.97 | $13.37 |
| Revenue Per Share | $81.94 | $82.71 | $88.24 | $83.81 | $85.74 |
| Shares | |||||
| Basic Shares Outstanding | 66.6M | 70.8M | 72.5M | 73.2M | 73.4M |
| Diluted Shares Outstanding | 66.6M | 70.8M | 73.3M | 74.1M | 74.2M |
| Profitability Metrics | |||||
| EBITDA | 504.8M | 609.9M | 1.0B | 974.8M | 1.3B |
| D&A | 24.1M | 25.3M | 26.0M | 25.3M | 24.7M |
| EBIT | 480.7M | 584.6M | 1.0B | 949.4M | 1.3B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026