YOLFTbeta
Meritage Corporation

Meritage Corporation

MTH · NYSE · Consumer Cyclical / Residential Construction

64.47USD-0.33 (-0.51%)

Price History

Full chart

Market Stats

Previous Close64.80
Open64.79
Day Range64.02 – 65.00
52-Week Range57.22 – 84.75
Volume486.42K
Market Cap4.24B
P/E (TTM)13.54
Forward P/E12.48
EPS4.80
Dividend Yield2.95%
Beta1.36
50-Day Avg69.55
200-Day Avg69.84

About

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.

Company Details

  • SectorConsumer Cyclical
  • IndustryResidential Construction
  • CEOMr. Phillippe Lord
  • Employees1.86K
  • Headquarters18655 North Claret Drive, Scottsdale, AZ, United States, 85255, USA
  • Websitehttps://www.meritagehomes.com

Leadership

  • Mr. Steven J. HiltonExecutive Chairman · b. 1962
  • Mr. Phillippe LordCEO, Executive VP & Director · b. 1974
  • Ms. Hilla Sferruzza CPACFO & Executive VP · b. 1976
  • Ms. Malissia R. ClintonExecutive VP, General Counsel & Secretary · b. 1969
  • Mr. Javier FelicianoChief People Officer & Executive VP · b. 1974
  • Ms. Alison L. SasserSenior VP, Corporate Controller & Chief Accounting Officer · b. 1976
  • Ms. Emily TadanoVice President of Investor Relations & ESG
  • Mr. Elliot A. MannSouthern California Division President
  • Mr. Austin M. WoffindenExecutive VP, Corporate operations and Strategy · b. 1976

Financials

Income Statement

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue41.40M42.90M96.90M60.90M500.00K2.10M3.60M2.20M149.63M255.98M341.79M520.47M744.17M1.12B1.47B2.04B3.00B3.46B2.34B1.52B970.31M941.66M861.24M1.19B1.82B2.18B2.58B3.04B3.24B3.53B3.67B4.50B5.14B6.29B6.11B6.40B5.86B
Growth (%)-+3.62%+125.87%-37.15%-99.18%+320.00%+71.43%-38.89%+6701.34%+71.08%+33.52%+52.28%+42.98%+50.48%+31.36%+38.68%+47.11%+15.33%-32.29%-35.01%-36.29%-2.95%-8.54%+38.69%+52.43%+19.72%+18.34%+17.92%+6.55%+8.87%+3.92%+22.75%+14.22%+22.39%-2.85%+4.61%-8.40%
Cost of Revenue--------124.59M218.70M296.53M444.33M628.00M970.21M1.27B1.63B2.29B2.75B2.33B1.56B966.26M773.96M720.14M964.00M1.41B1.71B2.06B2.48B2.65B2.87B2.96B3.50B3.70B4.49B4.61B4.80B4.69B
Gross Profit41.40M42.90M96.90M60.90M500.00K2.10M3.60M2.20M25.04M37.28M45.26M76.14M116.17M149.60M199.61M408.47M706.99M712.63M13.05M-36.91M4.05M167.70M141.11M230.45M413.37M472.50M514.58M556.91M595.25M659.90M707.49M1.00B1.44B1.80B1.50B1.60B1.15B
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%16.73%14.56%13.24%14.63%15.61%13.36%13.57%20.02%23.56%20.59%0.56%-2.42%0.42%17.81%16.38%19.29%22.70%21.68%19.95%18.31%18.37%18.70%19.29%22.24%27.96%28.65%24.57%24.99%19.69%
Operating Expense3.90M3.50M2.90M5.10M1.80M5.20M1.60M1.70M15.11M10.63M15.10M21.21M35.72M41.50M53.93M195.78M285.09M380.82M302.63M205.09M137.82M136.58M139.10M163.02M218.23M261.34M301.27M338.89M345.69M380.38M392.82M446.92M466.85M516.25M231.72M639.92M616.17M
Operating Income37.50M39.40M94.00M55.80M-1.30M-3.10M2.00M500.00K9.93M26.65M30.16M54.92M80.45M108.11M145.68M212.69M421.90M331.81M-289.58M-242.01M-133.77M31.11M2.01M67.44M195.15M211.16M213.31M218.02M249.57M279.52M314.67M553.98M970.58M1.29B1.27B958.35M537.48M
Operating Margin90.58%91.84%97.01%91.63%-260.00%-147.62%55.56%22.73%6.64%10.41%8.82%10.55%10.81%9.65%9.90%10.43%14.06%9.59%-12.36%-15.89%-13.79%3.30%0.23%5.65%10.72%9.69%8.27%7.17%7.70%7.92%8.58%12.31%18.88%20.45%20.78%14.99%9.18%
EBITDA37.50M39.40M94.00M55.80M-1.30M-3.10M2.00M500.00K10.31M28.64M32.69M58.33M86.19M114.89M154.22M213.85M439.10M355.54M-271.76M-236.64M-109.42M39.09M9.19M75.63M205.08M222.77M227.55M234.00M266.27M306.49M342.60M585.03M981.40M1.31B1.27B1.03B609.88M
EBITDA Margin90.58%91.84%97.01%91.63%-260.00%-147.62%55.56%22.73%6.89%11.19%9.56%11.21%11.58%10.26%10.48%10.48%14.63%10.27%-11.60%-15.54%-11.28%4.15%1.07%6.33%11.26%10.22%8.82%7.69%8.22%8.69%9.34%13.00%19.09%20.88%20.78%16.09%10.41%
Net Income6.50M10.80M8.00M-19.10M-32.00M-4.50M1.10M200.00K14.24M24.00M18.95M35.76M50.66M69.94M94.41M138.97M255.66M225.35M-288.85M-291.94M-66.46M7.15M-21.11M105.16M124.46M142.24M128.74M149.54M143.25M227.33M249.66M423.48M737.44M992.19M738.75M786.19M453.01M
Net Income Margin15.70%25.17%8.26%-31.36%-6400.00%-214.29%30.56%9.09%9.52%9.38%5.54%6.87%6.81%6.25%6.42%6.81%8.52%6.51%-12.33%-19.17%-6.85%0.76%-2.45%8.80%6.84%6.53%4.99%4.92%4.42%6.44%6.81%9.41%14.34%15.77%12.08%12.29%7.73%
R&D----------------------00000000-------
R&D as % of Total Revenue----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense0000000000000000006.75M23.65M36.53M33.72M30.40M24.24M15.09M5.16M15.96M5.17M3.85M785.00K8.37M2.18M318.00K41.00K656.00K2.10M2.98M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.29%1.55%3.76%3.58%3.53%2.03%0.83%0.24%0.62%0.17%0.12%0.02%0.23%0.05%0.01%0.00%0.01%0.03%0.05%

Balance Sheet

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets384.00M365.90M1.00B766.70M43.90M31.20M27.80M72.80M96.63M152.25M226.56M267.07M436.71M691.79M954.54M1.27B1.97B2.17B1.75B1.33B1.24B1.22B1.22B1.58B2.00B2.32B2.69B2.89B3.25B3.37B3.40B3.86B4.82B5.77B6.35B7.16B7.65B
Total Liabilities298.60M279.70M924.60M712.00M21.50M13.60M9.40M45.90M50.27M79.86M136.15M145.98M260.13M374.48M542.64M742.64M1.12B1.16B1.02B799.04M757.24M724.94M732.47M881.35M1.16B1.21B1.43B1.47B1.67B1.64B1.42B1.52B1.76B1.82B1.74B2.02B2.46B
Total Equity85.40M86.20M78.00M54.70M22.40M17.60M18.40M26.90M46.37M72.28M90.41M121.10M176.59M317.31M411.89M522.55M851.00M1.01B730.16M527.21M485.43M500.00M488.91M694.21M841.39M1.11B1.26B1.42B1.58B1.72B1.97B2.35B3.04B3.95B4.61B5.14B5.20B
Cash-----6.70M3.30M15.60M8.25M12.39M13.42M4.40M3.38M6.60M4.80M47.88M65.81M56.71M27.68M205.92M249.33M103.95M173.61M170.46M274.14M103.33M262.21M131.70M170.75M311.47M319.47M745.62M618.34M861.56M921.23M651.55M775.16M
Total Debt234.80M263.90M911.40M699.30M19.90M11.80M7.80M30.50M22.89M37.20M85.94M86.15M177.56M264.93M351.49M471.42M592.12M733.28M729.88M628.97M605.01M605.78M606.41M831.55M905.05M935.21M2.24B1.14B1.47B1.32B1.05B1.05B1.19B1.17B1.06B1.39B1.89B
Net Debt234.80M263.90M911.40M699.30M19.90M5.10M4.50M14.90M14.65M24.82M72.51M81.75M174.18M258.33M346.69M423.54M526.31M676.57M702.20M423.05M355.68M501.83M432.80M552.34M630.92M831.88M865.58M995.61M1.11B998.59M699.51M274.46M567.87M311.87M141.03M740.15M1.11B

Cash Flow

Currency: USD1990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow12.60M12.70M18.70M-3.50M-1.00M1.30M2.40M6.68M-5.20M-36.39M6.25M-19.85M-5.84M-56.89M60.17M72.24M-21.96M-20.61M199.83M184.07M32.55M-74.14M-220.49M-86.28M-211.25M-3.33M-103.40M-87.13M262.20M346.82M530.36M-152.09M405.27M355.57M-227.58M118.29M
Investing Cash Flow18.20M109.40M226.30M16.70M-100.00K-500.00K18.00M11.07M-1.10M-9.90M-8.18M-73.03M-142.81M-29.22M-81.80M-247.43M-57.72M-9.68M-23.26M-145.42M-174.51M141.18M23.84M1.03M-62.87M-16.49M-20.11M-17.07M-33.53M-13.49M-18.23M-26.82M-32.29M-43.62M-44.07M-57.70M
Financing Cash Flow-32.60M-119.90M-237.70M-11.10M-8.50M-4.20M-8.10M-25.07M10.44M47.32M-7.10M91.86M151.86M84.31M64.71M193.12M70.58M1.26M1.68M4.75M-3.41M2.61M193.49M188.92M103.31M178.70M-7.00M143.25M-87.95M-325.33M-85.97M51.63M-129.76M-252.28M1.98M63.01M
Capital Expenditure0000000174.26K1.57M2.94M3.02M7.27M8.29M17.13M15.11M25.28M25.85M13.35M9.69M3.61M6.39M7.08M10.86M15.78M20.79M16.09M16.66M18.10M33.41M24.39M19.93M25.66M26.97M38.19M28.66M25.72M
Free Cash Flow12.60M12.70M18.70M-3.50M-1.00M1.30M2.40M6.50M-6.76M-39.32M3.23M-27.12M-14.12M-74.03M45.06M46.96M-47.81M-33.96M190.14M180.47M26.16M-81.22M-231.35M-102.06M-232.04M-19.43M-120.06M-105.23M228.78M322.44M510.43M-177.76M378.30M317.38M-256.23M92.57M
Dividends Paid4.80M22.90M7.90M-300.00K200.00K300.00K194.33K-----1.43B2.08B3.21B-----0000000---0039.53M108.59M121.07M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%97.39%130.19%108.07%51.74%136.63%241.96%130.11%74.88%65.01%217.69%164.76%95.15%98.04%80.37%109.55%104.93%118.29%109.84%582.52%116.11%120.77%87.26%92.97%96.24%116.87%93.34%89.26%112.59%78.25%
Dividend Paid to FCF38.10%180.31%42.25%--30.00%15.38%12.50%2.99%------1935.73%4614.01%6838.64%-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%---0.00%0.00%12.46%-42.38%130.80%

Earnings

Report DateMay 5, 1998Jul 30, 1998Oct 22, 1998Jan 28, 1999Apr 29, 1999Jul 29, 1999Oct 28, 1999Feb 8, 2000Apr 27, 2000Jul 27, 2000Oct 26, 2000Feb 3, 2001Apr 26, 2001Aug 3, 2001Oct 30, 2001Feb 6, 2002Apr 25, 2002Jul 25, 2002Oct 24, 2002Feb 6, 2003Apr 24, 2003Jul 21, 2003Oct 20, 2003Jan 28, 2004Apr 20, 2004Jul 20, 2004Oct 25, 2004Jan 26, 2005Apr 25, 2005Jul 27, 2005Oct 25, 2005Jan 25, 2006Apr 25, 2006Jul 26, 2006Oct 25, 2006Jan 24, 2007Apr 25, 2007Jul 26, 2007Oct 25, 2007Jan 28, 2008Apr 28, 2008Jul 28, 2008Oct 27, 2008Jan 28, 2009Apr 27, 2009Jul 27, 2009Oct 26, 2009Jan 26, 2010Apr 28, 2010Jul 27, 2010Oct 27, 2010Feb 2, 2011Apr 28, 2011Jul 29, 2011Oct 27, 2011Jan 31, 2012Apr 26, 2012Jul 26, 2012Oct 25, 2012Jan 31, 2013Apr 24, 2013Jul 24, 2013Oct 23, 2013Feb 5, 2014Apr 23, 2014Jul 24, 2014Oct 29, 2014Jan 29, 2015Apr 23, 2015Jul 29, 2015Oct 29, 2015Jan 28, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 1, 2017Apr 27, 2017Aug 1, 2017Oct 27, 2017Feb 1, 2018Apr 25, 2018Jul 25, 2018Oct 24, 2018Jan 30, 2019Apr 23, 2019Jul 24, 2019Oct 22, 2019Jan 29, 2020Apr 28, 2020Jul 22, 2020Oct 21, 2020Jan 27, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 1, 2023Apr 26, 2023Jul 27, 2023Oct 31, 2023Jan 31, 2024Apr 24, 2024Jul 24, 2024Oct 29, 2024Jan 29, 2025Apr 23, 2025Jul 23, 2025Oct 28, 2025Jan 28, 2026Apr 22, 2026Jul 29, 2026Oct 28, 2026
EPS Estimate0.050.100.140.210.080.150.170.240.110.210.200.520.300.450.610.660.180.190.350.410.230.350.420.540.390.460.571.320.630.871.201.571.221.191.010.170.06-0.98-1.07-1.97-0.72-0.34-0.26-0.51-0.59-0.36-0.33-0.200.110.090.01-0.04-0.04-0.010.040.05-0.030.070.170.210.120.230.401.030.320.410.450.510.280.330.390.570.220.400.430.570.210.380.460.620.370.550.680.760.320.510.750.960.640.761.211.681.261.732.233.002.402.933.223.501.321.752.562.591.762.582.492.201.681.971.721.520.981.301.20
EPS Actual0.090.130.180.280.100.190.170.340.210.380.460.530.320.550.620.670.180.270.400.430.290.390.470.560.480.440.570.940.781.021.201.771.431.541.130.170.49-1.08-2.26-2.24-0.86-0.51-1.45-1.29-0.30-1.29-0.28-0.130.020.120.03-0.01-0.090.02-0.050.03-0.070.140.220.310.170.390.501.190.310.430.400.600.200.350.370.630.250.480.440.610.280.490.510.670.400.660.670.970.330.660.901.390.921.191.421.991.722.402.633.132.903.393.553.551.772.512.992.692.533.162.674.721.692.041.551.200.861.42-
Surprise80.00%30.00%28.57%33.33%25.00%26.67%0.00%41.67%90.91%80.95%130.00%1.92%6.67%22.22%1.64%1.52%0.00%42.11%14.29%4.88%26.09%11.43%11.90%3.70%23.08%-4.35%0.00%-28.79%23.81%17.24%0.00%12.74%17.21%29.41%11.88%0.00%716.67%-10.20%-111.22%-13.71%-19.44%-50.00%-457.69%-152.94%49.15%-258.33%15.15%35.00%-81.82%33.33%200.00%75.00%-125.00%300.00%-225.00%-40.00%-133.33%100.00%29.41%47.62%41.67%69.57%25.00%15.53%-3.13%4.88%-11.11%17.65%-28.57%6.06%-5.13%10.53%13.64%20.00%2.33%7.02%33.33%28.95%10.87%8.06%8.11%20.00%-1.47%27.63%3.13%29.41%20.00%44.79%43.75%56.58%17.36%18.45%36.51%38.73%17.94%4.33%20.83%15.70%10.25%1.43%34.09%43.43%16.80%3.86%43.75%22.48%7.23%114.55%0.60%3.55%-9.88%-21.05%-12.24%9.23%-
TimingPre-marketPre-marketPre-marketPre-market------------Pre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap4.24B
Enterprise Value5.43B
Trailing P/E13.54
Forward P/E12.48
PEG Ratio0.54
Price / Sales0.79
Price / Book0.86
EPS4.80
Book Value77.61
Revenue (TTM)5.39B
Gross Profit (TTM)985.34M
EBITDA433.97M
Profit Margin6.11%
Operating Margin8.19%
Return on Equity6.38%
Return on Assets3.35%
Shares Outstanding65.17M
Shares Float63.46M
Beta1.36
Dividend Yield2.95%
Dividend Rate1.92
Payout Ratio37.18%

Analyst Ratings

Buy
Based on 10 analystsTarget 80.38
  • Strong Buy
    4
  • Buy
    1
  • Hold
    5

Ownership Breakdown

Institutions
105.90%
Insiders
2.60%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    11.72M17.99%
  • Vanguard Portfolio Management, LLC
    3.97M6.09%
  • FMR Inc
    3.59M5.51%
  • State Street Corp
    3.45M5.30%
  • Vanguard Capital Management, LLC
    2.88M4.42%
  • Dimensional Fund Advisors, Inc.
    2.87M4.41%
  • Capital World Investors
    2.04M3.13%
  • Two Sigma Investments LLC
    1.84M2.82%
  • Geode Capital Management, LLC
    1.66M2.55%
  • The Goldman Sachs Group Inc
    1.40M2.14%
  • Earnest Partners LLC
    1.35M2.07%
  • Greenhaven Associates Inc
    1.30M1.99%
  • Millennium Management LLC
    1.12M1.72%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    4.07M6.24%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.02M3.10%
  • American Funds SMALLCAP World A
    1.99M3.05%
  • iShares Russell 2000 ETF
    1.69M2.60%
  • Vanguard Small Cap Index
    1.46M2.24%
  • Fidelity Low-Priced Stock
    1.30M2.00%
  • Baron Real Estate Institutional
    1.15M1.76%

Dividends

20261×
0.48Sep 15, 2026