1. United States of America Stocks

  2. •

    Consumer Cyclical

  3. •

    Residential Construction
Meritage Homes Corporation

Meritage Homes Corporation

MTH
Meritage Homes CorporationUS flagNew York Stock Exchange
64.51
USD
+0.65
- -
4.30BMarket Cap
Meritage Homes Corporation
MTH
(New York Stock Exchange)

Recent

price

64.51

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.69
13.4
17.69
25.4
28.07
32.74
38.23
40.4
44.18
48.27
59.74
68.48
85.82
83.8
88.21
82.75
79.03
Revenue per Share
0.11
-0.33
1.54
1.72
1.82
1.63
1.87
1.78
2.83
3.28
5.61
9.81
13.52
10.09
10.85
6.4
4.82
Basic EPS, GAAP
0.41
-1.25
-3.4
-1.3
-2.97
-0.25
-1.5
-1.31
2.85
4.23
6.77
-2.36
5.15
4.33
-3.54
1.31
6.07
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.54
1.5
1.71
1.8
Dividend per Share
7.78
7.53
9.75
11.61
14.17
15.87
17.76
19.55
22.6
25.84
31.29
40.76
54
63.31
71.49
76.22
77.61
Book Value per Share
7.75
7.5
9.75
11.47
13.75
15.45
17.34
19.14
22.17
25.84
31.29
40.76
54
63.31
71.49
76.22
77.61
Tangible Book Value per Share
64
65
68
72
78
79
80
81
80
76
75
75
73
73
72
71
68
Basic Weighted Avg Shares
942
868
1,205
1,834
2,191
2,593
3,057
3,255
3,544
3,678
4,506
5,147
6,298
6,138
6,393
5,861
5,395
Sales/Revenue/Turnover
3.3
0.99
5.43
10.59
9.47
7.97
7.01
7.46
7.7
8.36
11.74
18.82
20.43
14.7
14.99
9.22
7.21
Operating Margin (%)
8
7
8
10
12
14
16
17
27
28
31
26
25
25
26
25
24
Depreciation Expense
7
-21
105
124
142
129
150
143
227
250
423
737
992
739
786
453
329
Net Income, GAAP
- -
- -
- -
29.95
31.75
32.05
31.42
42.12
19.74
17.59
20.63
22.77
23.05
22.19
21.61
22.51
22.43
Effective Tax Rate (%)
0.76
-2.43
8.73
6.79
6.49
4.97
4.89
4.4
6.41
6.79
9.4
14.33
15.75
12.04
12.3
7.73
6.1
Profit Margin (%)
322
939
1,237
1,597
1,942
2,279
2,420
2,761
2,873
2,854
3,237
4,048
4,898
5,379
6,232
6,733
6,678
Working Capital
606
606
723
921
935
1,117
1,112
1,284
1,310
1,053
1,048
1,186
1,173
1,062
1,392
1,890
1,907
LT Debt
500
489
694
841
1,109
1,259
1,421
1,577
1,721
1,974
2,348
3,044
3,950
4,612
5,142
5,196
5,058
Total Equity
- -
- -
- -
8.49
7.37
6.32
5.94
5.17
7.41
8.29
12.86
19.36
21.03
12.95
12.26
6.13
4.27
Return on Invested Capital (%)
- -
- -
- -
8.49
7.66
6.32
6.22
5.38
7.74
8.42
13.11
19.27
21.22
13.68
12.88
6.65
4.69
Return on Capital (%)
1.45
-4.27
17.78
16.21
14.58
10.87
11.16
9.56
13.79
13.51
19.6
27.35
28.37
17.26
16.12
8.76
6.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
1,829
1,841
1,847
LT Finance Leases
60
61
60
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
67
65
Market Capitalization
4,486
4,125
5,465

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,243
7,176
7,172
Cash, Cash Equivalents & STI
775
767
807
Accounts Receivable, Net
- -
- -
- -
Inventories
5,987
5,962
5,892
Total Current Liabilities
510
473
494
Payables & Accruals
501
462
484
ST Debt
- -
- -
- -
Deferred Revenue
9
11
10

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.53%
17.74%
1.05%
Free Cash Flow
-49.31%
-156.12%
-136.13%
Net Income, GAAP
19.73%
9.44%
-42.38%
Sales/Revenue/Turnover
8.94%
5.97%
-8.33%
Total Cash Common Dividend
- -
- -
11.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,471
1,702
1,595
1,624
6,393
2025
1,365
1,634
1,424
1,437
5,861
2026
1,124
1,410
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.56
3.19
2.7
2.39
10.85
2025
1.71
2.06
1.4
1.21
6.4
2026
0.82
1.38
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.38
0.37
0.37
1.5
2025
0.43
0.43
0.43
0.42
1.71
2026
0.48
0.48
- -
- -
- -
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Business
Meritage Homes Corporation designs, constructs, markets, and sells energy-efficient single-family detached and attached homes primarily targeting entry-level and first move-up buyers. The company's product portfolio includes affordable new homes with a focus on sustainability, featuring energy-efficient technologies and building practices recognized by multiple ENERGY STAR® and EPA Indoor airPLUS awards. Meritage operates across three principal geographic segments—West (Arizona, California, Colorado, Utah), Central (Texas), and East (Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee)—offering homes that blend distinctive style, quality construction, and modern amenities. The company also provides financial services including title, escrow, mortgage, and insurance offerings to homebuyers. Founded in 1985 and headquartered in Scottsdale, Arizona, Meritage Homes is the fifth-largest public homebuilder in the United States by homes closed in 2024. In recent strategic moves, Meritage completed the acquisition of Elliott Homes' assets in October 2024, significantly expanding its presence into the Gulf Coast markets, adding over 5,500 lots, and aligning with its strategy of building affordable entry-level homes. Additionally, Meritage entered an exclusive multi-year supply agreement with James Hardie Building Products in 2024, making Hardie siding and trim standard on its new homes nationwide. The company has also adopted a strategic shift to sell homes later in the construction process, introducing a 60-day closing ready guarantee and promoting move-in ready homes beginning in 2025, enhancing customer convenience and engagement with external realtors. Meritage reported record home closing volumes of over 15,600 homes and the highest annual home closing revenue of $6.3 billion in 2024, underpinned by its commitment to sustainability and operational efficiencies that improve energy efficiency by 51% compared to 2006 baseline homes. Meritage's business segments comprise homebuilding, including land acquisition and development, construction, marketing, sales, warranty, and customer services, as well as financial services supporting home purchasing processes. The company emphasizes sustainability and innovation in residential construction, serving customers primarily in key U.S. states with expanding reach due to recent acquisitions and robust new community openings across multiple regions.

Company News

Company News APIChatGPT

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