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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 |
Meritage Homes Announces Quarterly Cash Dividend
SCOTTSDALE, Ariz., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. This...
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James Hardie Building Products Inc. Announces Exclusive Product Deal with Meritage Homes
- U.S. leading hard siding company becomes exclusive siding and trim supplier for nation's fifth largest homebuilder - CHICAGO , Aug. 6, 2024 /PRNewswire/ -- James Hardie Building Products Inc. (James Hardie), a subsidiary of James Hardie Industries plc (ASX: JHX; NYSE: JHX)...
Meritage Homes Certified By Great Place To Work® For Second Year In a Row
The homebuilder is committed to supporting employees through an employer-sponsored relief fund and employee resource groups The homebuilder is committed to supporting employees through an employer-sponsored relief fund and employee resource groups
Meritage Homes (MTH) Q2 Earnings & Revenues Top, '24 View Up
The second-quarter 2024 results of Meritage Homes (MTH) showcase impressive home closings and new home order growth. The uptrend was backed by its strategy of readily delivering quick-turning and affordable move-in-ready homes.
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Source: https://incomestatements.info
Category: Stock Reports