Meritage Homes Corp (MTH)
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.
- Symbol
- MTH
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- Market cap
- $4.33B
- 52 week range
- 58.03 - 85.38
Valuation
- Share price
- $63.86 (close of 2026-09-23)
- P/E (TTM)
- 13.75x
- Price to book
- 0.86x
- Price to free cash flow
- 10.44x
- Enterprise value
- $5.43B
- Book value per share
- $77.61
Price performance
| Period | Change |
|---|
| 1 day | -0.76% |
| 5 days | -2.92% |
| 1 month | -10.91% |
| 3 months | -15.53% |
| 6 months | +4.11% |
| Year to date | -2.95% |
| 1 year | -12.52% |
| 3 years | +4.07% |
| 5 years | +27.21% |
| 10 years | +278.54% |
| All time | +1602.93% |
Profitability and growth
- Return on equity
- 8.72%
- Return on assets
- 5.94%
- Net income growth
- -42.38%
- Free cash flow growth
- 136.13%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.58%
- Net debt to EBITDA
- 2.44x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- EBITDA
- $609.88M
- Net income
- $453.01M
- Earnings per share
- $6.40
- Shares outstanding
- 70.82M
Income statement by year
| Period end | Net income | EPS |
|---|
| 2025-12-31 | $453.01M | $6.40 |
| 2024-12-31 | $786.19M | $10.85 |
| 2023-12-31 | $738.75M | $10.09 |
| 2022-12-31 | $992.19M | $13.52 |
| 2021-12-31 | $737.44M | $9.80 |
| 2020-12-31 | $423.48M | $5.62 |
| 2019-12-31 | $249.66M | $3.27 |
| 2018-12-31 | $227.33M | $2.83 |
| 2017-12-31 | $143.25M | $1.78 |
| 2016-12-31 | $149.54M | $1.87 |
Margins and returns by year
| Period end | Return on equity |
|---|
| 2025-12-31 | 8.72% |
| 2024-12-31 | 15.29% |
| 2023-12-31 | 16.02% |
| 2022-12-31 | 25.12% |
| 2021-12-31 | 24.22% |
| 2020-12-31 | 18.04% |
| 2019-12-31 | 12.65% |
| 2018-12-31 | 13.21% |
| 2017-12-31 | 9.09% |
| 2016-12-31 | 10.52% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $775.16M |
| 2024-12-31 | $651.55M |
| 2023-12-31 | $921.23M |
| 2022-12-31 | $861.56M |
| 2021-12-31 | $618.34M |
| 2020-12-31 | $745.62M |
| 2019-12-31 | $319.47M |
| 2018-12-31 | $311.47M |
| 2017-12-31 | $170.75M |
| 2016-12-31 | $131.70M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $92.57M | $19.68M |
| 2024-12-31 | $-256.23M | $25.81M |
| 2023-12-31 | $317.38M | $22.51M |
| 2022-12-31 | $378.30M | $22.33M |
| 2021-12-31 | $-177.76M | $20.07M |
| 2020-12-31 | $510.43M | $20.00M |
| 2019-12-31 | $322.44M | $19.61M |
| 2018-12-31 | $228.78M | $17.17M |
| 2017-12-31 | $-105.23M | $12.06M |
| 2016-12-31 | $-120.06M | $13.74M |
Dividend history
- Most recent payment
- 2026-09-15
- Paid in the last twelve months
- $1.87
| Payment date | Dividend per share |
|---|
| 2026-09-15 | $0.48 |
| 2026-06-16 | $0.48 |
| 2026-03-17 | $0.48 |
| 2025-12-17 | $0.43 |
| 2025-09-16 | $0.43 |
| 2025-06-16 | $0.43 |
| 2025-03-17 | $0.43 |
| 2024-12-17 | $0.38 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-28
- Consensus EPS estimate
- $1.20
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $1.30 |
| 2026-04-22 | - | - |
| 2026-01-28 | - | - |
| 2025-10-28 | - | - |
| 2025-07-23 | - | - |
| 2025-04-23 | - | - |
| 2025-01-29 | - | - |
| 2024-10-29 | - | - |
Filings and sources
- Company website
- meritagehomes.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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