Meritage Corp (MTH) is trading up at $63.63 (+7.27%), as of the latest quote. It is a Russell 2000 constituent in the Consumer Discretionary sector.
Meritage Corp net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Gross profit | $531.2M | $566.5M | — | — | — | — | — | — | — | — |
| Net income | $149.5M | $143.3M | $227.3M | $249.7M | $423.5M | $737.4M | $992.2M | $738.7M | $786.2M | $453.0M |
| EPS (diluted) | $1.77 | $1.71 | $2.79 | $3.21 | $5.50 | $9.64 | $13.37 | $9.96 | $10.72 | $6.35 |
| Balance sheet | ||||||||||
| Cash and equivalents | $131.7M | $170.7M | $311.5M | $319.5M | $745.6M | $618.3M | $861.6M | $921.2M | $651.6M | $775.2M |
| Total assets | $2.89B | $3.25B | $3.37B | $3.40B | $3.86B | $4.81B | $5.77B | $6.35B | $7.16B | $7.62B |
| Total liabilities | $1.47B | $1.67B | $1.64B | $1.42B | $1.52B | $1.76B | $1.82B | $1.74B | $2.02B | $2.43B |
| Shareholders' equity | $1.42B | $1.58B | $1.72B | $1.97B | $2.35B | $3.04B | $3.95B | $4.61B | $5.14B | $5.20B |
| Cash flow | ||||||||||
| Operating cash flow | −$103.4M | −$87.1M | $262.2M | $346.8M | $530.4M | −$152.1M | $405.3M | $355.6M | −$227.6M | $118.3M |
| Capital expenditure | $16.7M | $18.1M | $33.4M | $24.4M | $19.9M | $25.7M | $27.0M | $38.2M | $28.7M | $25.7M |
| Free cash flow | −$120.1M | −$105.2M | $228.8M | $322.4M | $510.4M | −$177.8M | $378.3M | $317.4M | −$256.2M | $92.6M |
| Dividends paid | — | — | — | — | — | $0 | $0 | $39.5M | $108.6M | $121.1M |
| Share buybacks | $0 | $0 | $100.0M | $16.0M | $69.6M | $61.0M | $109.3M | $59.1M | $125.9M | $295.0M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Net income | $196.0M | $172.6M | $122.8M | $146.9M | $99.3M | $84.0M | $55.3M | $90.6M |
| EPS (diluted) | $2.67 | $2.37 | $1.69 | $2.04 | $1.39 | $1.23 | $0.82 | $1.37 |
| Balance sheet | ||||||||
| Cash and equivalents | $831.6M | $651.6M | $1.01B | $930.5M | $728.9M | $775.2M | $766.6M | $807.3M |
| Total assets | $7.10B | $7.16B | $7.70B | $7.76B | $7.76B | $7.62B | $7.55B | $7.55B |
| Total liabilities | $2.07B | $2.02B | $2.51B | $2.49B | $2.47B | $2.43B | $2.46B | $2.50B |
| Shareholders' equity | $5.03B | $5.14B | $5.19B | $5.27B | $5.29B | $5.20B | $5.09B | $5.06B |
| Cash flow | ||||||||
| Operating cash flow | −$92.0M | −$99.6M | −$42.6M | $13.7M | −$96.5M | $243.7M | $101.3M | $189.5M |
| Capital expenditure | $8.02M | $7.48M | $5.59M | $6.77M | $7.79M | $5.58M | $4.31M | $5.57M |
| Free cash flow | −$100.0M | −$107.0M | −$48.2M | $6.93M | −$104.3M | $238.1M | $97.0M | $183.9M |
| Dividends paid | $27.1M | $27.0M | $30.9M | $30.6M | $30.3M | $29.3M | $32.0M | $31.3M |
| Share buybacks | $30.0M | $40.0M | $45.0M | $45.0M | $55.0M | $150.0M | $130.0M | $100.0M |
From Meritage Corp's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Meritage Corp
Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the fifth largest home builder in the United States, based on 2023 home sales. The company also develops active adult communities and luxury real estate in Arizona.
Source: Wikipedia — Meritage Homes Corporation
- Headquarters
- Scottsdale, Arizona From SEC filings, Oct 2026
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