MTH
$59.17-1.84%
Meritage Homes CorporationStock · Consumer DiscretionaryRussell 2000 0.2%Russell 3000 0.008%US Stock Market 0.007%
MTH financial statements
The full income statement, balance sheet, and cash-flow statement for Meritage Homes Corporation (MTH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 72.7M2024-09 72.4M2024-12 71.8M2025-03 71.8M2025-06 71.2M2025-09 70.4M2025-12 66.8M2026-03 66.7M2026-06 65.2M-10.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Selling, general & administrative | 212M-8.3% | 231M-0.4% | 232M+20.1% | 193M+6.4% | 181M+14.1% | |
| General & administrative | 212M-8.3% | 231M-0.4% | 232M+20.1% | 193M+6.4% | 181M+14.1% | |
| Selling & marketing | 404M-1.1% | 409M+6.3% | 385M+19.1% | 323M+13.3% | 285M-0.9% | |
| Interest expense | 0.00 | 0.00 | 0.00-100.0% | 41.0K-87.1% | 318K-85.4% | |
| Other non-operating income | 44.1M-2.2% | 45.2M-5.8% | 47.9M+1666.7% | 2.71M-44.2% | 4.86M-27.0% | |
| Equity-method income | 3.97M-56.9% | 9.22M+44.8% | 6.37M+4.6% | 6.09M+30.8% | 4.66M+3.6% | |
| Pre-tax income | 585M-41.7% | 1.00B+5.6% | 949M-26.4% | 1.29B+35.0% | 955M+79.0% | |
| Income tax | 132M-39.3% | 217M+2.8% | 211M-29.1% | 297M+36.7% | 217M+97.5% | |
| Net income | 453M-42.4% | 786M+6.4% | 739M-25.5% | 992M+34.5% | 737M+74.1% | |
| $6.35-40.8% | $10.72+7.6% | $9.96-25.5% | $13.37+38.6% | $9.64+75.4% | ||
| EPS (basic) | $6.40-41.0% | $10.85+7.5% | $10.09-25.4% | $13.52+37.9% | $9.80+74.6% | |
| Weighted-avg shares (basic) | 70.8M-2.3% | 72.5M-1.0% | 73.2M-0.2% | 73.4M-2.4% | 75.2M-0.3% | |
| Weighted-avg shares (diluted) | 71.3M-2.7% | 73.3M-1.1% | 74.1M-0.1% | 74.2M-3.0% | 76.5M-0.7% | |
| Dividends per share | $1.72+14.7% | $1.50+177.8% | $0.54 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 775M+19.0% | 652M-29.3% | 921M+6.9% | 862M+39.3% | 618M-17.1% | |
| 7.62B+6.4% | 7.16B+12.7% | 6.35B+10.1% | 5.77B+20.1% | 4.81B+24.4% | ||
| Property, plant & equipment | 46.6M-1.3% | 47.3M-3.4% | 49.0M+26.7% | 38.6M+3.5% | 37.3M-4.1% | |
| Operating lease right-of-use | 57.0M+7.6% | 52.9M+3.2% | 51.3M+168.0% | 19.1M-9.1% | 21.0M-2.7% | |
| Goodwill | 33.0M+0.0% | 33.0M+0.0% | 33.0M+0.0% | 33.0M+0.0% | 33.0M+0.0% | |
| Deferred tax assets | 53.3M-2.3% | 54.5M+14.6% | 47.6M+4.7% | 45.5M+11.8% | 40.7M+12.9% | |
| 2.43B+20.1% | 2.02B+16.1% | 1.74B-4.5% | 1.82B+3.4% | 1.76B+16.3% | ||
| Long-term debt | 1.80B+38.1% | 1.31B+31.4% | 995M-13.0% | 1.14B+0.1% | 1.14B+14.6% | |
| Operating lease liability (total) | 60.5M+8.3% | 55.8M+3.3% | 54.0M+137.2% | 22.8M-12.9% | 26.2M-7.4% | |
| Deferred tax liabilities | — | — | 8.00M | — | — | |
| 5.20B+1.1% | 5.14B+11.5% | 4.61B+16.8% | 3.95B+29.7% | 3.04B+29.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 682K+89.4% | 360K-1.1% | 364K-0.5% | 366K-1.9% | 373K-0.5% | |
| Additional paid-in capital | 0.00-100.0% | 143M-50.8% | 291M-11.3% | 328M-21.0% | 415M-9.0% | |
| Retained earnings | 5.19B+3.9% | 5.00B+15.7% | 4.32B+19.3% | 3.62B+37.7% | 2.63B+39.0% | |
| Total liabilities & equity | 7.62B+6.4% | 7.16B+12.7% | 6.35B+10.1% | 5.77B+20.1% | 4.81B+24.4% | |
| Common shares issued | 68.2M-5.2% | 71.9M-1.3% | 72.9M-0.4% | 73.1M-2.1% | 74.7M-0.5% | |
| Common shares outstanding | 68.2M-5.2% | 71.9M-1.3% | 72.9M-0.4% | 73.1M-2.1% | 74.7M-0.5% | |
| Shares outstanding (cover) | 66.8M-6.9% | 71.8M-0.8% | 72.3M-1.1% | 73.1M-1.0% | 73.9M-1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 118M+152.0% | -228M-164.0% | 356M-12.3% | 405M+366.5% | -152M-128.7% | ||
| Depreciation & amortization | 25.3M-2.6% | 26.0M+2.5% | 25.3M+2.4% | 24.7M-5.7% | 26.2M-15.5% | |
| Share-based compensation | 19.7M-23.7% | 25.8M+14.7% | 22.5M+0.8% | 22.3M+11.3% | 20.1M+0.4% | |
| Deferred income taxes | 969K-89.9% | 9.55M+754.0% | -1.46M+58.6% | -3.53M-17.2% | -3.01M+70.2% | |
| Change in inventory | 274M-72.0% | 979M+174.0% | 357M-42.8% | 625M-34.1% | 948M+2264.9% | |
| Other operating activities | 1.33M-82.8% | 7.76M+459.5% | -2.16M-119.9% | 10.9M+473.2% | -2.91M-120.2% | |
| -57.7M-30.9% | -44.1M-1.0% | -43.6M-35.1% | -32.3M-20.4% | -26.8M-47.1% | ||
| Capital expenditure | 25.7M-10.2% | 28.7M-25.0% | 38.2M+41.6% | 27.0M+5.1% | 25.7M+28.8% | |
| Free cash flow | 92.6M+136.1% | -256M-180.7% | 317M-16.1% | 378M+312.8% | -178M-134.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 251K-4.2% | 262K-38.1% | 423K-12.1% | 481K-12.7% | 551K-21.6% | |
| 63.0M+3085.7% | 1.98M+100.8% | -252M-94.4% | -130M-351.3% | 51.6M+160.1% | ||
| Long-term debt issued | 497M-13.5% | 575M | 0.00 | 0.00-100.0% | 450M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 295M+134.3% | 126M+113.2% | 59.1M-46.0% | 109M+79.2% | 61.0M-12.4% | |
| Dividends paid | 121M+11.5% | 109M+174.7% | 39.5M | 0.00 | 0.00 | |
| Net change in cash | 124M+145.8% | -270M-552.0% | 59.7M-75.5% | 243M+291.1% | -127M-129.9% | |
| Interest paid | — | — | -1.45M+36.2% | -2.28M-815.3% | -249K-170.1% | |
| Income taxes paid | 154M-26.0% | 209M-1.7% | 212M-32.0% | 312M+41.0% | 221M+160.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.40B-20.4% | 5.52B-13.1% | 6.35B+88.3% | 3.37B-25.2% | 4.51B+45.1% | |
| P/E | 9.7×+38.2% | 7.0×-11.3% | 7.9×+127.0% | 3.5×-43.0% | 6.1×-16.7% | |
| P/B | 0.8×-21.2% | 1.1×-25.3% | 1.4×+56.8% | 0.9×-38.2% | 1.5×+11.9% | |
| P/FCF | 47.5× | — | 6.4× | — | — | |
| Earnings yield | 10.3%-27.6% | 14.2%+12.7% | 12.6%-56.0% | 28.7%+75.4% | 16.4%+20.0% | |
| FCF yield | 2.1% | — | 15.7% | — | — | |
| Dividend yield | 2.6%+34.0% | 2.0%+214.6% | 0.62% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MTH’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MTH filings on SEC EDGAR → Not investment advice.