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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 Offering of Convertible Senior Notes
SCOTTSDALE, Ariz., May 06, 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 commenced an offering of $500 million aggregate principal amount of its Convertible...
Meritage Homes Announces Two-Part Series Investor Day Webcast Calls
SCOTTSDALE, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it will host a two-part series of investor day webcast calls with Phillippe Lord,...
Looking for a Fast-paced Momentum Stock at a Bargain? Consider Meritage (MTH)
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Meritage (MTH) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at...
Meritage Homes Corporation (MTH) Q1 2024 Earnings Call Transcript
Meritage Homes Corporation (NYSE:MTH ) Q1 2024 Earnings Conference Call April 25, 2024 11:30 AM ET Company Participants Emily Tadano - Vice President of Investor Relations and ESG Steven Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla...
Meritage Homes (MTH) Q1 Earnings Beat, Orders & Backlog Up
Meritage Homes' (MTH) first-quarter results reflect strong closing, orders and backlog.
Meritage (MTH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Meritage (MTH) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
Meritage Homes reports first quarter 2024 results
Record-high quarterly sales orders, home closing gross margin of 25.8% and a 43% increase in diluted EPS Record-high quarterly sales orders, home closing gross margin of 25.8% and a 43% increase in diluted EPS
The Top 3 Homebuilder Stocks Worth Adding to Your April Buy List
Although current expectations indicate that U.S. interest rates may not decrease significantly soon, there's skepticism about maintaining high rates over an extended period. If interest rates eventually decrease, financing for new homes would become cheaper, stimulating demand for home purchases...
Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders
Meritage Homes stock offers upside potential and is a strong buy due to its robust financial health and emphasis on single-family properties. Despite recent weak financial performance, the company has seen strong order growth and improving cancellation rates.
Meritage Homes (MTH) Reports Next Week: Wall Street Expects Earnings Growth
Meritage (MTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: https://incomestatements.info
Category: Stock Reports