See more : North Springs Resources Corp (NSRS) 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 |
Meritage (MTH) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Meritage (MTH) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Meritage Homes (MTH) Beats Q2 Earnings and Revenue Estimates
Meritage Homes (MTH) came out with quarterly earnings of $6.31 per share, beating the Zacks Consensus Estimate of $5.17 per share. This compares to earnings of $5.02 per share a year ago.
Factors Setting the Tone for Meritage Homes' (MTH) Q2 Earnings
Meritage Homes' (MTH) second-quarter 2024 performance is likely to have benefited from improved cycle times, land acquisition and solid spec strategy.
Meritage Homes (MTH) is a Top-Ranked Momentum Stock: Should You Buy?
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Why Meritage (MTH) is Poised to Beat Earnings Estimates Again
Meritage (MTH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Meritage Homes (MTH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Meritage (MTH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Industry Outlook D.R. Horton, PulteGroup, Meritage Homes, KB Home and M/I Homes
D.R. Horton, PulteGroup, Meritage Homes, KB Home and M/I Homes have been highlighted in this Industry Outlook article.
5 Stocks to Watch From the Promising Homebuilding Industry
Although higher rates and a rise in land/labor costs pose risks, the lack of existing homes for sale and better operating leverage are likely to drive the Zacks Building Products - Home Builders industry. DHI, PHM, MTH, KBH and MHO...
Here's Why Investors Should Add Meritage Homes (MTH) Stock Now
Meritage Homes (MTH) benefits from its focus on entry-level housing and efficient spec home strategy amidst industry challenges.
Meritage Homes Named ENERGY STAR® Partner of the Year For 11th Year & Honored for Highest Homebuyer Ratings in 21st Annual Avid Awards
The homebuilder was also recognized for its philanthropic efforts and commitment to sustainability The homebuilder was also recognized for its philanthropic efforts and commitment to sustainability
Source: https://incomestatements.info
Category: Stock Reports