Meritage Homes Corporation (MTH) Income Statement Analysis

See more : ESGEN Acquisition Corporation (ESACW) 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)

Industry: Residential Construction

Sector: Consumer Cyclical

Website: https://www.meritagehomes.com

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 Second Quarter 2024 Earnings Conference Call and Webcast Scheduled for July 25, 2024

June 13, 2024globenewswire.com

SCOTTSDALE, Ariz., June 13, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's second quarter 2024 results on Wednesday, July 24, 2024 after the market closes. Management...

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Meritage Homes Announces Continued Partnership With Operation Homefront, Two Home Donations in Austin and Charlotte

May 28, 2024globenewswire.com

This marks the homebuilder's 11th year partnering with Operation Homefront's Permanent Homes for Veterans program This marks the homebuilder's 11th year partnering with Operation Homefront's Permanent Homes for Veterans program

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May 24, 2024zacks.com

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Meritage Homes Announces Quarterly Cash Dividend

May 16, 2024globenewswire.com

SCOTTSDALE, Ariz., May 16, 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...

Meritage Homes Completes Offering of 1.75% Convertible Senior Notes

May 9, 2024globenewswire.com

SCOTTSDALE, Ariz., May 09, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has completed its offering and sale of $575 million aggregate principal amount of...

Meritage Homes Announces Pricing of Convertible Senior Notes

May 7, 2024globenewswire.com

SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced the pricing of $500 million aggregate principal amount of its 1.75% Convertible Senior Notes due...