See more : Serstech AB (SERT.ST) Income Statement Analysis – Financial Results
Complete financial analysis of Meritage Homes Corporation (MTH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Meritage Homes Corporation, a leading company in the Residential Construction industry within the Consumer Cyclical sector.
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Meritage Homes Corporation (MTH)
About Meritage Homes Corporation
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family 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 first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.14B | 6.30B | 5.15B | 4.51B | 3.68B | 3.54B | 3.25B | 3.06B | 2.59B | 2.19B | 1.83B | 1.19B | 861.24M | 941.66M | 970.31M | 1.52B | 2.34B | 3.46B | 3.00B | 2.04B | 1.47B | 1.12B | 744.17M | 520.47M | 341.79M | 255.98M | 149.63M | 2.20M | 3.60M | 2.10M | 500.00K | 60.90M | 96.90M | 42.90M | 41.40M |
| Cost of Revenue | 4.62B | 4.50B | 3.71B | 3.53B | 2.98B | 2.89B | 2.67B | 2.50B | 2.08B | 1.72B | 1.42B | 975.48M | 720.14M | 773.96M | 966.26M | 1.56B | 2.33B | 2.75B | 2.29B | 1.63B | 1.27B | 970.21M | 628.00M | 444.33M | 296.53M | 218.70M | 124.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.52B | 1.80B | 1.44B | 976.00M | 700.19M | 653.20M | 588.55M | 553.11M | 507.98M | 468.80M | 412.37M | 218.20M | 141.11M | 167.70M | 4.05M | -36.92M | 13.05M | 712.63M | 706.99M | 408.47M | 199.61M | 149.61M | 116.18M | 76.14M | 45.26M | 37.28M | 25.04M | 2.20M | 3.60M | 2.10M | 500.00K | 60.90M | 96.90M | 42.90M | 41.40M |
| Gross Profit Ratio | 24.76% | 28.63% | 27.88% | 21.66% | 19.04% | 18.43% | 18.08% | 18.10% | 19.59% | 21.40% | 22.49% | 18.28% | 16.38% | 17.81% | 0.42% | -2.42% | 0.56% | 20.59% | 23.56% | 20.02% | 13.57% | 13.36% | 15.61% | 14.63% | 13.24% | 14.56% | 16.73% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 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 | 0.00 | 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 |
| General & Administrative | 231.72M | 192.98M | 181.45M | 159.02M | 146.09M | 138.48M | 124.04M | 123.80M | 112.85M | 104.60M | 91.51M | 68.19M | 64.18M | 59.78M | 63.15M | 205.09M | 302.63M | 380.82M | 285.09M | 195.78M | 53.93M | 41.50M | 35.72M | 21.22M | 15.10M | 10.63M | 15.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 384.91M | 323.27M | 285.40M | 287.90M | 246.73M | 241.90M | 221.65M | 215.09M | 188.42M | 156.74M | 126.72M | 94.83M | 74.91M | 76.80M | 78.68M | 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 | 0.00 | 0.00 | 0.00 |
| SG&A | 616.63M | 516.25M | 466.85M | 446.92M | 392.82M | 380.38M | 345.69M | 338.90M | 301.27M | 261.34M | 218.23M | 163.02M | 139.10M | 136.58M | 141.83M | 205.09M | 302.63M | 380.82M | 285.09M | 195.78M | 53.93M | 41.50M | 35.72M | 21.22M | 15.10M | 10.63M | 15.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 2.71M | 4.86M | 6.66M | 9.58M | 10.62M | 6.41M | 4.95M | -946.00K | 6.57M | 2.79M | 3.69M | 0.00 | 0.00 | -4.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.70M | 1.60M | 5.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 616.63M | 516.25M | 466.85M | 446.92M | 392.82M | 380.38M | 345.69M | 338.90M | 301.27M | 261.34M | 218.23M | 163.02M | 139.10M | 136.58M | 141.83M | 205.09M | 302.63M | 380.82M | 285.09M | 195.78M | 53.93M | 41.50M | 35.72M | 21.22M | 15.10M | 10.63M | 15.11M | 1.70M | 1.60M | 5.20M | 1.80M | 5.10M | 2.90M | 3.50M | 3.90M |
| Cost & Expenses | 5.24B | 5.01B | 4.18B | 3.98B | 3.37B | 3.27B | 3.01B | 2.84B | 2.39B | 1.98B | 1.64B | 1.14B | 859.23M | 910.54M | 1.11B | 1.77B | 2.63B | 3.13B | 2.58B | 1.83B | 1.33B | 1.01B | 663.72M | 465.54M | 311.63M | 229.33M | 139.70M | 1.70M | 1.60M | 5.20M | 1.80M | 5.10M | 2.90M | 3.50M | 3.90M |
| Interest Income | 0.00 | 41.00K | 318.00K | 2.18M | 8.37M | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 41.00K | 318.00K | 2.18M | 8.37M | 785.00K | 3.85M | 5.17M | 15.97M | 5.16M | 15.09M | 24.24M | 30.40M | 33.72M | 36.53M | 23.65M | 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 | 0.00 | 0.00 |
| Depreciation & Amortization | 25.33M | 24.75M | 26.25M | 31.05M | 22.72M | 26.97M | 16.70M | 14.30M | 14.24M | 11.61M | 9.93M | 8.20M | 7.18M | 7.97M | 8.84M | 15.67M | 17.82M | 23.73M | 17.21M | 13.23M | 8.54M | 6.78M | 5.74M | 3.41M | 2.53M | 1.64M | 432.08K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 972.93M | 1.31B | 999.59M | 566.80M | 328.62M | 311.01M | 268.08M | 237.53M | 227.55M | 225.19M | 205.08M | 61.29M | 17.20M | 44.18M | -109.43M | -236.64M | -271.76M | 355.54M | 439.10M | 213.85M | 154.22M | 114.89M | 86.19M | 58.33M | 32.69M | 28.64M | 10.31M | 500.00K | 2.00M | -3.10M | -1.30M | 55.80M | 94.00M | 39.40M | 37.50M |
| EBITDA Ratio | 15.85% | 20.86% | 19.42% | 12.58% | 9.38% | 8.78% | 8.24% | 7.83% | 8.47% | 10.28% | 11.26% | 4.93% | 0.23% | 3.30% | -14.20% | -15.30% | -6.48% | 9.93% | 15.43% | 10.48% | 10.09% | 9.77% | 11.19% | 10.85% | 8.96% | 10.62% | 6.69% | 22.73% | 55.56% | -147.62% | -260.00% | 91.63% | 97.01% | 91.84% | 90.58% |
| Operating Income | 902.39M | 1.29B | 973.34M | 535.74M | 316.95M | 284.04M | 242.87M | 214.22M | 206.71M | 207.46M | 194.15M | 55.18M | 2.01M | 31.11M | -133.77M | -242.01M | -289.58M | 331.81M | 421.90M | 212.69M | 145.68M | 108.11M | 80.45M | 54.92M | 30.16M | 26.65M | 9.93M | 500.00K | 2.00M | -3.10M | -1.30M | 55.80M | 94.00M | 39.40M | 37.50M |
| Operating Income Ratio | 14.70% | 20.47% | 18.91% | 11.89% | 8.62% | 8.01% | 7.46% | 7.01% | 7.97% | 9.47% | 10.59% | 4.62% | 0.23% | 3.30% | -13.79% | -15.89% | -12.36% | 9.59% | 14.06% | 10.43% | 9.90% | 9.65% | 10.81% | 10.55% | 8.82% | 10.41% | 6.64% | 22.73% | 55.56% | -147.62% | -260.00% | 91.63% | 97.01% | 91.84% | 90.58% |
| Total Other Income/Expenses | 47.04M | -290.72M | -13.64M | -287.82M | -4.43M | -210.22M | 4.65M | 3.84M | -17.25M | 962.00K | -16.47M | -26.33M | -22.39M | -28.63M | -20.71M | -37.40M | -166.90M | -183.50M | -5.67M | 12.07M | -87.13M | 5.44M | 2.88M | 1.84M | 2.06M | 3.85M | 5.27M | -500.00K | -2.00M | 3.10M | 1.30M | -55.80M | -94.00M | -39.40M | -37.50M |
| Income Before Tax | 949.43M | 1.29B | 954.83M | 533.57M | 302.95M | 283.25M | 247.52M | 218.06M | 189.46M | 208.42M | 177.67M | 28.85M | -20.38M | 2.48M | -154.80M | -275.97M | -456.48M | 364.01M | 416.23M | 224.76M | 151.46M | 113.54M | 83.34M | 56.76M | 32.21M | 30.50M | 15.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 15.47% | 20.47% | 18.55% | 11.84% | 8.24% | 7.99% | 7.60% | 7.13% | 7.31% | 9.51% | 9.69% | 2.42% | -2.37% | 0.26% | -15.95% | -18.12% | -19.48% | 10.52% | 13.87% | 11.02% | 10.30% | 10.14% | 11.20% | 10.91% | 9.43% | 11.91% | 10.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 210.68M | 297.13M | 217.39M | 110.09M | 53.28M | 55.92M | 104.26M | 68.52M | 60.73M | 66.18M | 53.21M | -76.31M | 730.00K | -4.67M | -88.34M | 15.97M | -167.63M | 138.66M | 160.56M | 85.79M | 57.05M | 43.61M | 32.44M | 21.00M | 13.27M | 6.50M | 961.92K | -200.00K | -1.10M | 4.50M | 32.00M | 19.10M | -8.00M | -10.80M | -6.50M |
| Net Income | 738.75M | 992.19M | 737.44M | 423.48M | 249.66M | 227.33M | 143.26M | 149.54M | 128.74M | 142.24M | 124.46M | 105.16M | -21.11M | 7.15M | -66.46M | -291.94M | -288.85M | 225.35M | 255.67M | 138.97M | 94.41M | 69.94M | 50.66M | 35.76M | 18.95M | 24.00M | 14.24M | 200.00K | 1.10M | -4.50M | -32.00M | -19.10M | 8.00M | 10.80M | 6.50M |
| Net Income Ratio | 12.04% | 15.75% | 14.33% | 9.40% | 6.79% | 6.41% | 4.40% | 4.89% | 4.97% | 6.49% | 6.79% | 8.81% | -2.45% | 0.76% | -6.85% | -19.17% | -12.33% | 6.51% | 8.52% | 6.81% | 6.42% | 6.25% | 6.81% | 6.87% | 5.54% | 9.38% | 9.52% | 9.09% | 30.56% | -214.29% | -6,400.00% | -31.36% | 8.26% | 25.17% | 15.70% |
| EPS | 20.17 | 27.04 | 19.61 | 11.23 | 6.55 | 5.67 | 3.56 | 3.74 | 3.25 | 3.65 | 3.45 | 3.09 | -0.65 | 0.22 | -2.12 | -9.95 | -11.01 | 8.52 | 9.48 | 5.33 | 3.62 | 2.82 | 2.39 | 1.73 | 0.88 | 1.13 | 0.73 | 0.01 | 0.03 | -0.12 | -2.47 | -1.45 | 0.61 | 0.83 | 0.55 |
| EPS Diluted | 19.93 | 26.74 | 19.29 | 11.00 | 6.42 | 5.58 | 3.41 | 3.55 | 3.09 | 3.46 | 3.25 | 3.00 | -0.65 | 0.22 | -2.12 | -9.95 | -11.01 | 8.32 | 8.88 | 5.03 | 3.42 | 2.66 | 2.15 | 1.57 | 0.79 | 0.98 | 0.67 | 0.01 | 0.03 | -0.12 | -2.47 | -1.45 | 0.61 | 0.83 | 0.55 |
| Weighted Avg Shares Out | 36.62M | 36.69M | 37.61M | 37.72M | 38.10M | 40.11M | 40.29M | 39.98M | 39.59M | 39.02M | 36.11M | 34.06M | 32.38M | 32.06M | 31.35M | 29.33M | 26.23M | 26.45M | 26.98M | 26.07M | 26.08M | 24.80M | 21.20M | 20.67M | 21.65M | 21.29M | 19.46M | 20.00M | 38.95M | 38.88M | 12.97M | 13.20M | 13.17M | 12.97M | 11.87M |
| Weighted Avg Shares Out (Dil) | 37.07M | 37.10M | 38.23M | 38.48M | 38.89M | 40.73M | 42.23M | 42.59M | 42.16M | 41.61M | 38.80M | 35.17M | 32.38M | 32.32M | 31.35M | 29.33M | 26.23M | 27.10M | 28.79M | 27.61M | 27.60M | 26.34M | 23.56M | 22.85M | 24.13M | 24.49M | 21.23M | 20.00M | 38.95M | 38.88M | 12.97M | 13.20M | 13.17M | 12.97M | 11.87M |
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