What is Meritage Homes Corporation's earnings per share (EPS)?

Meritage Homes Corporation (MTH) reported diluted earnings per share of $6.35 for fiscal year 2025. This represents a -40.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Meritage Homes Corporation (MTH) Financials

MTH

FY2025 annual

Net Income $453.0M -42.4% YoY

EPS (Diluted) $6.35 -40.8% YoY

Free Cash Flow $92.6M +136.1% YoY

Operating Cash Flow $118.3M +152.0% YoY

Market Cap $3.8B as of Oct 13, 2026

Price / Sales n/m no revenue reported

Price / Earnings 8.4x on $453.0M net income, FY2025

Price / Book 0.8x on $5.1B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MTH SEC filings page.

This page shows Meritage Homes Corporation (MTH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MTH FY2025 2026-10-03

Profit remains positive, but returns have fallen sharply as the asset base expanded and cash conversion weakened before recovering.

In FY2025, net income of $453M produced operating cash flow of only $118M, showing that reported earnings were not yet converting fully into cash. This followed FY2024, when positive earnings coincided with operating cash flow of -$228M, so cash generation has been uneven rather than consistently tracking accounting profit.

Assets expanded from $4.8B in FY2021 to $7.6B in FY2025, increasing the capital base. Over that span, return on assets fell from 15.3% to 5.9%, indicating that the larger balance sheet has produced less earnings per dollar invested.

Debt-to-equity improved to 0.4 in FY2023 before rising to 0.5 in FY2025, while liabilities increased from $1.7B in FY2021 to $2.4B in FY2025. FY2025 buybacks of $295M and dividends of $121M therefore occurred alongside higher leverage and cash generation that was modest relative to profit.

Financial Health Signals

Financial health score not available

Meritage Homes Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

Meritage Homes Corporation passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.26x

For every $1 of reported earnings, Meritage Homes Corporation generates $0.26 in operating cash flow ($118.3M OCF vs $453.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Net Income

$90.6M

YoY-38.3%

QoQ+63.9%

Meritage Homes Corporation reported $90.6M in net income in Q2 2026. This represents a decrease of 38.3% from the same quarter a year earlier. Against the prior quarter it is up 63.9%.

EPS (Diluted)

$1.37

YoY-32.8%

QoQ+67.1%

5Y CAGR-20.7%

10Y CAGR+3.7%

Meritage Homes Corporation earned $1.37 per diluted share (EPS) in Q2 2026. This represents a decrease of 32.8% from the same quarter a year earlier. Against the prior quarter it is up 67.1%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$183.9M

YoY+2552.2%

QoQ+89.6%

Meritage Homes Corporation generated $183.9M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 2552.2% from the same quarter a year earlier. Against the prior quarter it is up 89.6%.

Cash & Debt

$807.3M

YoY-13.2%

QoQ+5.3%

5Y CAGR+3.4%

10Y CAGR+20.2%

Meritage Homes Corporation held $807.3M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.48

YoY+11.6%

QoQ0.0%

Meritage Homes Corporation paid $0.48 per share in dividends in Q2 2026. This represents an increase of 11.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

65M

YoY-8.4%

QoQ-2.3%

5Y CAGR+11.6%

10Y CAGR+5.0%

Meritage Homes Corporation had 65M shares outstanding in Q2 2026. This represents a decrease of 8.4% from the same quarter a year earlier. Against the prior quarter it is down 2.3%.

Margins & Returns

Return on Equity

1.8%

YoY-1.0pp

QoQ+0.7pp

Meritage Homes Corporation's ROE was 1.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$100.0M

YoY+122.2%

QoQ-23.1%

5Y CAGR+39.2%

Meritage Homes Corporation spent $100.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 122.2% from the same quarter a year earlier. Against the prior quarter it is down 23.1%.

Capital Expenditures

$5.6M

YoY-17.7%

QoQ+29.2%

5Y CAGR-1.4%

10Y CAGR+4.4%

Meritage Homes Corporation invested $5.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 17.7% from the same quarter a year earlier. Against the prior quarter it is up 29.2%.

R&D Spending

Not reported for Q2 2026.

MTH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MTH quarterly income statement

Metric	TTM	FY25DEF 14A	FY24DEF 14A	FY23DEF 14A	FY22DEF 14A	FY21DEF 14A	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$566.5M+6.6%	$531.2M+8.7%	$488.7M+8.0%	$452.6M+14.2%	$396.4M+81.7%	$218.2M+54.6%	$141.1M
SG&A Expenses	N/A	$211.8M-8.3%	$230.9M-0.4%	$231.7M+20.1%	$193.0M+6.4%	$181.4M+14.1%	$159.0M+8.8%	$146.1M+5.5%	$138.5M+11.6%	$124.0M+0.2%	$123.8M+9.7%	$112.8M+7.9%	$104.6M+14.3%	$91.5M+34.2%	$68.2M+6.2%	$64.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$224.5M+7.2%	$209.4M+169.2%	$77.8M+239.2%	$22.9M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$236.1M+7.7%	$219.3M+155.1%	$86.0M+185.6%	$30.1M
Interest Expense	N/A	$0	$0	$0-100.0%	$41K-87.1%	$318K-85.4%	$2.2M-74.0%	$8.4M+966.2%	$785K-79.6%	$3.9M-25.5%	$5.2M-67.6%	$16.0M+209.2%	$5.2M-65.8%	$15.1M-37.7%	$24.2M-20.2%	$30.4M
Income Tax	N/A	$131.6M-39.3%	$216.7M+2.8%	$210.7M-29.1%	$297.1M+36.7%	$217.4M+97.5%	$110.1M+106.6%	$53.3M-4.7%	$55.9M-46.4%	$104.3M+52.2%	$68.5M+12.8%	$60.7M-8.2%	$66.2M+24.4%	$53.2M+169.7%	-$76.3M-10553.3%	$730K
Net Income	N/A	$453.0M-42.4%	$786.2M+6.4%	$738.7M-25.5%	$992.2M+34.5%	$737.4M+74.1%	$423.5M+69.6%	$249.7M+9.8%	$227.3M+58.7%	$143.3M-4.2%	$149.5M+16.2%	$128.7M-9.5%	$142.2M+14.3%	$124.5M+18.4%	$105.2M+598.3%	-$21.1M
EPS (Basic)	N/A	$6.40-41.0%	$10.85+7.5%	$10.09-25.4%	$13.52-31.1%	$19.61+74.6%	$11.23+71.5%	$6.55+15.5%	$5.67+59.3%	$3.56-4.8%	$3.74+15.1%	$3.25-11.0%	$3.65+5.8%	$3.45+11.7%	$3.09+575.4%	-$0.65
EPS (Diluted)	$4.80	$6.35-40.8%	$10.72	$9.96-25.5%	$13.37	$19.29+75.4%	$11.00+71.3%	$6.42+15.1%	$5.58+63.6%	$3.41-3.9%	$3.55+14.9%	$3.09-10.7%	$3.46+6.5%	$3.25+8.3%	$3.00+561.5%	-$0.65
Diluted Shares (Avg)	N/A	71M-2.7%	73M	74M-0.1%	74M	38M-0.7%	38M-1.0%	39M-4.5%	41M-3.6%	42M-0.8%	43M+1.0%	42M+1.3%	42M+7.2%	39M+10.3%	35M+8.6%	32M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
SG&A Expenses	$52.4M-5.1%	$51.4M-9.8%	N/A	$51.8M-12.5%	$55.2M+3.8%	$57.0M+12.3%	N/A	$59.2M-6.2%
Interest Expense	$2.2M	$587K	N/A	$0	$0	$0	N/A	$0
Income Tax	$29.9M-35.2%	$17.2M-53.9%	N/A	$29.0M-46.4%	$46.2M-29.8%	$37.4M-22.2%	N/A	$54.0M-15.6%
Net Income	$90.6M-38.3%	$55.3M-55.0%	N/A	$99.3M-49.3%	$146.9M-36.6%	$122.8M-34.0%	N/A	$196.0M-11.6%
EPS (Basic)	$1.38-33.0%	$0.82-52.0%	$1.23-48.8%	$1.40-48.1%	$2.06-35.4%	$1.71-33.2%	$2.40-56.0%	$2.70-55.4%
EPS (Diluted)	$1.37-32.8%	$0.82-51.5%	$1.22-48.3%	$1.39	$2.04	$1.69	$2.36	$2.67
Diluted Shares (Avg)	66M-8.0%	68M-6.7%	N/A	71M	72M	73M	N/A	73M

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

MTH Balance Sheet

MTH quarterly balance sheet

Metric	FY25DEF 14A	FY24DEF 14A	FY23DEF 14A	FY22DEF 14A	FY21DEF 14A	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$7.6B+6.4%	$7.2B+12.7%	$6.4B+10.1%	$5.8B+20.1%	$4.8B+24.4%	$3.9B+13.7%	$3.4B+1.0%	$3.4B+3.5%	$3.3B+12.6%	$2.9B+7.8%	$2.7B+15.7%	$2.3B+15.6%	$2.0B+27.2%	$1.6B+29.0%	$1.2B
Cash & Equivalents	$775.2M+19.0%	$651.6M-29.3%	$921.2M+6.9%	$861.6M+39.3%	$618.3M-17.1%	$745.6M+133.4%	$319.5M+2.6%	$311.5M+82.4%	$170.7M+29.6%	$131.7M-49.8%	$262.2M+153.8%	$103.3M-62.3%	$274.1M+60.8%	$170.5M-1.8%	$173.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M+221.7%	$10.2M	$0	N/A
Total Liabilities	$2.4B+20.1%	$2.0B+16.1%	$1.7B-4.5%	$1.8B+3.4%	$1.8B+16.3%	$1.5B+6.5%	$1.4B-13.4%	$1.6B-1.8%	$1.7B+14.1%	$1.5B+3.3%	$1.4B+17.8%	$1.2B+3.8%	$1.2B+31.8%	$881.4M+20.3%	$732.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$905.1M+24.6%	$726.3M	N/A
Total Equity	$5.2B+1.1%	$5.1B+11.5%	$4.6B+16.8%	$3.9B+29.7%	$3.0B+29.7%	$2.3B+18.9%	$2.0B+14.7%	$1.7B+9.1%	$1.6B+10.9%	$1.4B+12.9%	$1.3B+13.5%	$1.1B+31.9%	$841.4M+21.2%	$694.2M+42.0%	$488.9M
Retained Earnings	$5.2B+3.9%	$5.0B+15.7%	$4.3B+19.3%	$3.6B+37.7%	$2.6B+39.0%	$1.9B+28.8%	$1.5B+20.5%	$1.2B+22.9%	$991.8M+16.9%	$848.6M+21.4%	$699.0M+22.6%	$570.3M+33.2%	$428.1M+41.0%	$303.6M+53.0%	$198.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$7.6B-2.6%	$7.6B-1.9%	$7.6B+6.4%	$7.8B+9.2%	$7.8B+12.0%	$7.7B+18.7%	$7.2B+12.7%	$7.1B+14.9%
Cash & Equivalents	$807.3M-13.2%	$766.6M-24.2%	$775.2M+19.0%	$728.9M-12.3%	$930.5M-6.3%	$1.0B+11.7%	$651.6M-29.3%	$831.6M-20.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%
Total Liabilities	$2.5B+0.4%	$2.5B-1.8%	$2.4B+20.1%	$2.5B+19.2%	$2.5B+21.8%	$2.5B+41.7%	$2.0B+16.1%	$2.1B+17.8%
Total Equity	$5.1B-4.0%	$5.1B-1.9%	$5.2B+1.1%	$5.3B+5.1%	$5.3B+7.9%	$5.2B+10.0%	$5.1B+11.5%	$5.0B+13.8%
Retained Earnings	$5.1B-2.9%	$5.1B+0.1%	$5.2B+3.9%	$5.3B+8.7%	$5.2B+11.2%	$5.1B+13.6%	$5.0B+15.7%	$4.9B+17.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

MTH Cash Flow Statement

MTH quarterly cash flow statement

Metric	TTM	FY25DEF 14A	FY24DEF 14A	FY23DEF 14A	FY22DEF 14A	FY21DEF 14A	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$437.9M	$118.3M+152.0%	-$227.6M-164.0%	$355.6M-12.3%	$405.3M+366.5%	-$152.1M-128.7%	$530.4M+52.9%	$346.8M+32.3%	$262.2M+400.9%	-$87.1M+15.7%	-$103.4M-3000.5%	-$3.3M+98.4%	-$211.2M-144.9%	-$86.3M+60.9%	-$220.5M-197.4%	-$74.1M
Depreciation & Amortization	N/A	$25.3M-2.6%	$26.0M+2.5%	$25.3M+2.4%	$24.7M-5.7%	$26.2M-15.5%	$31.1M+11.2%	$27.9M+3.5%	$27.0M+61.4%	$16.7M+4.5%	$16.0M+12.2%	$14.2M+22.6%	$11.6M+16.9%	$9.9M+21.2%	$8.2M+14.2%	$7.2M
Stock-Based Compensation	N/A	$19.7M-23.7%	$25.8M+14.7%	$22.5M+0.8%	$22.3M+11.3%	$20.1M+0.4%	$20.0M+2.0%	$19.6M+14.2%	$17.2M+42.4%	$12.1M-12.3%	$13.7M-12.9%	$15.8M+29.2%	$12.2M+28.8%	$9.5M+14.0%	$8.3M+12.3%	$7.4M
Capital Expenditures	$23.2M	$25.7M-10.2%	$28.7M-25.0%	$38.2M+41.6%	$27.0M+5.1%	$25.7M+28.8%	$19.9M-18.3%	$24.4M-27.0%	$33.4M+84.7%	$18.1M+8.6%	$16.7M+3.5%	$16.1M-22.6%	$20.8M+31.7%	$15.8M+45.3%	$10.9M+53.4%	$7.1M
Free Cash Flow	$414.7M	$92.6M+136.1%	-$256.2M-180.7%	$317.4M-16.1%	$378.3M+312.8%	-$177.8M-134.8%	$510.4M+58.3%	$322.4M+40.9%	$228.8M+317.4%	-$105.2M+12.4%	-$120.1M-518.0%	-$19.4M+91.6%	-$232.0M-127.4%	-$102.1M+55.9%	-$231.3M-184.9%	-$81.2M
Investing Cash Flow	-$61.4M	-$57.7M-30.9%	-$44.1M-1.0%	-$43.6M-35.1%	-$32.3M-20.4%	-$26.8M-47.1%	-$18.2M-35.2%	-$13.5M+59.8%	-$33.5M-96.4%	-$17.1M+15.1%	-$20.1M-22.0%	-$16.5M+73.8%	-$62.9M-6197.7%	$1.0M-95.7%	$23.8M-83.1%	$141.2M
Financing Cash Flow	-$499.8M	$63.0M+3085.7%	$2.0M+100.8%	-$252.3M-94.4%	-$129.8M-351.3%	$51.6M+160.1%	-$86.0M+73.6%	-$325.3M-269.9%	-$88.0M-161.4%	$143.2M+2147.0%	-$7.0M-103.9%	$178.7M+73.0%	$103.3M-45.3%	$188.9M-2.4%	$193.5M+7304.8%	$2.6M
Dividends Paid	$122.9M	$121.1M+11.5%	$108.6M+174.7%	$39.5M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$435.0M	$295.0M+134.3%	$125.9M+113.2%	$59.1M-46.0%	$109.3M+79.2%	$61.0M-12.4%	$69.6M+334.0%	$16.0M-84.0%	$100.0M	$0	$0	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$189.5M+1282.9%	$101.3M+337.9%	$243.7M+344.7%	-$96.5M-4.9%	$13.7M+111.6%	-$42.6M-152.0%	-$99.6M+4.7%	-$92.0M-188.3%
Depreciation & Amortization	$6.1M-8.8%	$5.4M-9.7%	$6.7M+1.2%	$6.0M-8.5%	$6.7M-1.6%	$5.9M-1.5%	$6.6M-14.9%	$6.5M+2.6%
Stock-Based Compensation	$5.8M+61.9%	$5.9M-7.4%	N/A	$4.9M-42.7%	$3.6M-23.8%	$6.3M+3.5%	N/A	$8.5M+37.6%
Capital Expenditures	$5.6M-17.7%	$4.3M-23.0%	$5.6M-25.5%	$7.8M-2.9%	$6.8M-1.9%	$5.6M-10.6%	$7.5M+7.4%	$8.0M-20.5%
Free Cash Flow	$183.9M+2552.2%	$97.0M+301.4%	$238.1M+322.4%	-$104.3M-4.3%	$6.9M+105.6%	-$48.2M-163.7%	-$107.0M+4.0%	-$100.0M-206.3%
Investing Cash Flow	-$17.5M-72.0%	-$7.7M+32.3%	-$16.7M-31.8%	-$19.4M-64.7%	-$10.2M+14.1%	-$11.4M-47.0%	-$12.6M-41.7%	-$11.8M+6.1%
Financing Cash Flow	-$131.3M-55.0%	-$102.1M-124.7%	-$180.8M-166.6%	-$85.6M-48.7%	-$84.7M-138.9%	$414.1M+559.6%	-$67.8M-381.3%	-$57.6M+72.1%
Dividends Paid	$31.3M+2.2%	$32.0M+3.7%	$29.3M+8.7%	$30.3M+11.6%	$30.6M+12.3%	$30.9M+13.4%	$27.0M+174.1%	$27.1M+175.7%
Share Buybacks	$100.0M+122.2%	$130.0M+188.9%	$150.0M+275.0%	$55.0M+83.3%	$45.0M	$45.0M-19.5%	$40.0M+883.5%	$30.0M-33.3%

MTH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MTH quarterly financial ratios

Metric	FY25DEF 14A	FY24DEF 14A	FY23DEF 14A	FY22DEF 14A	FY21DEF 14A	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Return on Equity	8.7%-6.6pp	15.3%-0.7pp	16.0%-9.1pp	25.1%+0.9pp	24.2%+6.2pp	18.0%+5.4pp	12.7%-0.6pp	13.2%+4.1pp	9.1%-1.4pp	10.5%+0.3pp	10.2%-2.6pp	12.8%-2.0pp	14.8%-0.4pp	15.2%+19.5pp	-4.3%
Return on Assets	5.9%-5.0pp	11.0%-0.7pp	11.6%-5.6pp	17.2%+1.8pp	15.3%+4.4pp	11.0%+3.6pp	7.3%+0.6pp	6.8%+2.3pp	4.4%-0.8pp	5.2%+0.4pp	4.8%-1.3pp	6.1%-0.1pp	6.2%-0.5pp	6.7%+8.4pp	-1.7%
Debt-to-Equity	0.47+0.1x	0.390.0x	0.38-0.1x	0.46-0.1x	0.58-0.1x	0.65-0.1x	0.72-0.2x	0.96-0.1x	1.060.0x	1.03-0.1x	1.130.0x	1.090.0x	1.080.0x	1.05-0.5x	1.50

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Return on Equity	1.8%-1.0pp	1.1%-1.3pp	N/A	1.9%-2.0pp	2.8%-1.9pp	2.4%-1.6pp	N/A	3.9%-1.1pp
Return on Assets	1.2%-0.7pp	0.7%-0.9pp	N/A	1.3%-1.5pp	1.9%-1.4pp	1.6%-1.3pp	N/A	2.8%-0.8pp
Debt-to-Equity	0.490.0x	0.480.0x	0.47+0.1x	0.47+0.1x	0.47+0.1x	0.48+0.1x	0.390.0x	0.410.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Meritage Homes Corporation MTH	FY2025	N/A	$453.0M	N/A	$3.8B	—
Taylor Morrison Home Corporation TMHC	FY2025	$8.1B	$782.5M	9.6%	$6.7B	29/100
Cavco Industries Inc. CVCO	FY2026	$2.2B	$191.2M	8.5%	$4.0B	71/100
M/I Homes, Inc. MHO	FY2025	$4.4B	$402.9M	9.1%	$3.2B	39/100
KB Home KBH	FY2025	$6.2B	$428.8M	6.9%	$2.5B	22/100
Champion Homes, Inc. SKY	FY2026	$2.7B	$206.9M	7.8%	$4.3B	74/100

Where Meritage Homes Corporation Ranks

Frequently Asked Questions

Is Meritage Homes Corporation profitable?

Yes, Meritage Homes Corporation (MTH) reported a net income of $453.0M in fiscal year 2025.

Does Meritage Homes Corporation pay dividends?

Yes, Meritage Homes Corporation (MTH) paid $0.43 per share in dividends during fiscal year 2025.

What is Meritage Homes Corporation's return on equity (ROE)?

Meritage Homes Corporation (MTH) has a return on equity of 8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Meritage Homes Corporation's free cash flow?

Meritage Homes Corporation (MTH) generated $92.6M in free cash flow during fiscal year 2025. This represents a 136.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Meritage Homes Corporation's operating cash flow?

Meritage Homes Corporation (MTH) generated $118.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Meritage Homes Corporation's total assets?

Meritage Homes Corporation (MTH) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Meritage Homes Corporation's capital expenditures?

Meritage Homes Corporation (MTH) invested $25.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Meritage Homes Corporation buy back shares?

Yes, Meritage Homes Corporation (MTH) spent $295.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Meritage Homes Corporation have outstanding?

Meritage Homes Corporation (MTH) had 67M shares outstanding as of fiscal year 2025.

What is Meritage Homes Corporation's debt-to-equity ratio?

Meritage Homes Corporation (MTH) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Meritage Homes Corporation's return on assets (ROA)?

Meritage Homes Corporation (MTH) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Meritage Homes Corporation's P/E ratio?

Meritage Homes Corporation (MTH) trades at 8.4x earnings, its market capitalization divided by net income of $453.0M net income, FY2025. The market capitalization is $3.8B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Meritage Homes Corporation's price-to-sales ratio?

Meritage Homes Corporation (MTH) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $3.8B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Meritage Homes Corporation's Piotroski F-Score?

Meritage Homes Corporation (MTH) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Meritage Homes Corporation's earnings high quality?

Meritage Homes Corporation (MTH) has an earnings quality ratio of 0.26x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.