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Meritage Homes Corporation logo

Meritage Homes Corporation

MTH

NYSEConsumer CyclicalResidential Construction

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Previous close

$71.68

+$0.63 · +0.89%

Aug 21, 4:00 PM ET

MTH company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

51

Neutral

Sentiment

61

Bullish

Risk resilience

59

Elevated Risk

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Company profile

Company website

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.

Industry
Residential Construction
Sector
Consumer Cyclical
Headquarters
US
CEO
Phillippe Lord
Listed since
Jul 26, 1988
Employees
1,860

Market position

Day range

Current $71.68

52-week range

Current $71.68

Open
$71.35
Previous close
$71.05
Volume
348.8K
0.39× average
Average volume
900.68K
Average daily volume
Market cap
4.78B USD
Beta
1.36
Market reference 1
50-day average
$74.9354
-4.34% below average
200-day average
$70.1621
+2.16% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.77B USD
P/E (TTM)
14.93×
P/B (TTM)
0.94×
P/S (TTM)
0.88×
EV / EBITDA
9.47×
Earnings yield
9.72%
Free cash flow yield
1.99%
Dividend yield
2.54%

Profitability & efficiency

Gross margin
18.91%
Operating margin
8.36%
Net margin
6.04%
Return on equity
8.72%
Return on assets
5.92%
Return on invested capital
5.85%

Financial health

Debt / equity
0.37×
Current ratio
12.12×
Altman Z-score
4.05
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%22%14%6%Gross margin, FY2021: 27.96%Gross margin, FY2022: 28.65%Gross margin, FY2023: 24.75%Gross margin, FY2024: 24.99%Gross margin, FY2025: 19.69%Operating margin, FY2021: 18.88%Operating margin, FY2022: 20.45%Operating margin, FY2023: 14.70%Operating margin, FY2024: 14.99%Operating margin, FY2025: 9.18%Net margin, FY2021: 14.34%Net margin, FY2022: 15.77%Net margin, FY2023: 12.04%Net margin, FY2024: 12.29%Net margin, FY2025: 7.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.96%. Gross margin FY2022 28.65%. Gross margin FY2023 24.75%. Gross margin FY2024 24.99%. Gross margin FY2025 19.69%. Operating margin FY2021 18.88%. Operating margin FY2022 20.45%. Operating margin FY2023 14.70%. Operating margin FY2024 14.99%. Operating margin FY2025 9.18%. Net margin FY2021 14.34%. Net margin FY2022 15.77%. Net margin FY2023 12.04%. Net margin FY2024 12.29%. Net margin FY2025 7.73%.

Income trends

Revenue

5.86B USD-8.40%

Operating income

537.48M USD-43.92%

Net income

453.01M USD-42.38%
Income trends across reported periods6.99B USD4.61B USD2.24B USD−141.19M USDRevenue, FY2021: 5.14B USDRevenue, FY2022: 6.29B USDRevenue, FY2023: 6.14B USDRevenue, FY2024: 6.4B USDRevenue, FY2025: 5.86B USDOperating income, FY2021: 970.58M USDOperating income, FY2022: 1.29B USDOperating income, FY2023: 902.39M USDOperating income, FY2024: 958.35M USDOperating income, FY2025: 537.48M USDNet income, FY2021: 737.44M USDNet income, FY2022: 992.19M USDNet income, FY2023: 738.75M USDNet income, FY2024: 786.19M USDNet income, FY2025: 453.01M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.14B USD. Revenue FY2022 6.29B USD. Revenue FY2023 6.14B USD. Revenue FY2024 6.4B USD. Revenue FY2025 5.86B USD. Operating income FY2021 970.58M USD. Operating income FY2022 1.29B USD. Operating income FY2023 902.39M USD. Operating income FY2024 958.35M USD. Operating income FY2025 537.48M USD. Net income FY2021 737.44M USD. Net income FY2022 992.19M USD. Net income FY2023 738.75M USD. Net income FY2024 786.19M USD. Net income FY2025 453.01M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.86B USD6.4B USD6.14B USD6.29B USD5.14B USD
Cost of goods sold4.69B USD4.8B USD4.62B USD4.49B USD3.7B USD
Gross profit1.15B USD1.6B USD1.52B USD1.8B USD1.44B USD
Selling, general, and administrative211.76M USD639.93M USD616.63M USD516.25M USD466.85M USD
Operating expenses616.17M USD639.93M USD616.63M USD516.25M USD466.85M USD
Interest expense———41K USD318K USD
Depreciation and amortization25.29M USD25.96M USD25.33M USD24.75M USD26.25M USD
Operating income537.48M USD958.35M USD902.39M USD1.29B USD970.58M USD
Net income453.01M USD786.19M USD738.75M USD992.19M USD737.44M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+2.11%
11 comparable reports
Latest EPS result
1.42
Estimate 1.29 · Beat by 10.08%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.511.921.330.74Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 2.39, estimate 2.21, surprise +8.14%, Beat. Q2 2025, reported Apr 23, 2025: actual 1.69, estimate 1.71, surprise -1.17%, Miss. Q3 2025, reported Jul 23, 2025: actual 2.04, estimate 1.99, surprise +2.51%, Beat. Q4 2025, reported Oct 28, 2025: actual 1.39, estimate 1.63, surprise -14.72%, Miss. Q1 2026, reported Jan 28, 2026: actual 1.67, estimate 1.55, surprise +7.74%, Beat. Q2 2026, reported Apr 22, 2026: actual 0.86, estimate 0.976, surprise -11.89%, Miss. Q3 2026, reported Jul 29, 2026: actual 1.42, estimate 1.29, surprise +10.08%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 1.21, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.7B1.48B1.27B1.05BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 1.61B USD, estimate 1.57B USD, surprise +2.76%, Beat. Q2 2025, reported Apr 23, 2025: actual 1.37B USD, estimate 1.33B USD, surprise +2.54%, Beat. Q3 2025, reported Jul 23, 2025: actual 1.63B USD, estimate 1.48B USD, surprise +10.36%, Beat. Q4 2025, reported Oct 28, 2025: actual 1.42B USD, estimate 1.48B USD, surprise -4.11%, Miss. Q1 2026, reported Jan 28, 2026: actual 1.43B USD, estimate 1.51B USD, surprise -5.49%, Miss. Q2 2026, reported Apr 22, 2026: actual 1.12B USD, estimate 1.18B USD, surprise -5.07%, Miss. Q3 2026, reported Jul 29, 2026: actual 1.4B USD, estimate 1.43B USD, surprise -1.96%, Miss. Q4 2026, reported Oct 27, 2026: actual —, estimate 1.31B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$87.00

21.37% upside
Past 12 months12-month forecastHigh $93.00Average $87.00Low $80.00

Rating distribution

38 ratings
Strong buy00%
Buy1847%
Hold1745%
Sell38%
Strong sell00%

Recent analyst actions

12 institutions
Truist SecuritiesmaintainBuy

MTH news

globenewswire.com

Meritage Homes Announces Quarterly Cash Dividend

SCOTTSDALE, Ariz., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has…

Read source
marketbeat.com

Meritage Homes Q2 Earnings Call Highlights

Meritage Homes NYSE: MTH reported lower second-quarter sales, revenue and earnings as affordability pressures and economic uncertainty contributed to a slower-than-normal spring selling season. Still, management said…

Read source
thenewswire.com

Updated: Mithril Silver and Gold June 2026 Quarterly Report Upgraded T1 MRE and District Expansion Drill Program

Melbourne, Australia and Vancouver, Canada – TheNewswire - July 31, 2026 - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to report on its quarterly…

Read source
thenewswire.com

Mithril Silver And Gold June 2026 Quarterly Report Upgraded T1 MRE And District Expansion Drill Program

Melbourne, Australia and Vancouver, Canada – July 31, 2026 – TheNewswire - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to report on its quarterly…

Read source
seekingalpha.com

Meritage Homes Corporation (MTH) Q2 2026 Earnings Call Transcript

Meritage Homes Corporation (MTH) Q2 2026 Earnings Call Transcript

Read source
zacks.com

Compared to Estimates, Meritage (MTH) Q2 Earnings: A Look at Key Metrics

Although the revenue and EPS for Meritage (MTH) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.72

2025 complete year+409.6% since 2023

2026 partial: $0.96

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 15, 2026

$0.48

Quarterly

Record Sep 15, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 16, 2026

$0.48

Quarterly

Record Jun 16, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 17, 2026

$0.48

Quarterly

Record Mar 17, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 17, 2025

$0.43

Quarterly

Record Dec 17, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 16, 2025

$0.43

Quarterly

Record Sep 16, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 16, 2025

$0.43

Quarterly

Record Jun 16, 2025 · Payment Jun 30, 2025

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ETFs holding MTH

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
293.18M
Weight
0.26%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
142.03M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
120.12M
Weight
0.15%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
102.27M
Weight
0.06%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
64.95M
Weight
0.09%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
53.87M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P Homebuilders ETF logoState Street SPDR S&P Homebuilders ETFXHB
Market value
49.03M
Weight
3.49%
AUM
1.41B USD
Expense ratio
0.35%
Price / 1D
$106.5+0.83%
iShares U.S. Home Construction ETF logoiShares U.S. Home Construction ETFITB
Market value
46.15M
Weight
2.05%
AUM
2.28B USD
Expense ratio
0.37%
Price / 1D
$97.49+0.78%

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