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Meritage Homes CORP

MTH

$74.57 ▲ +2.31 (+3.20%) at close

18 Visible periods

25 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

Meritage Homes CORP shows mixed fundamentals. Consider comparing against peers in the Industrials sector before making investment decisions.

Market Cap $5.3B

Dividend Yield 0.58%

Revenue Growth —

Op. Margin —

ROIC None

FCF / Share $1.31 ↗

Trailing P/E 11.7x

Price / Book 1.0x

FCF Yield 1.8%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$453.01M

↓ -42.4% —

FCF / Share Free cash flow per share

$1.31

↑ +137.0% —

Long-Term Debt Long-term obligations

$905.05M

↑ +24.6% —

Health Breakdown

Returns ↓

Cash Quality

Dividend History

Dividend / share · sourced from SEC filings

$0.43 Latest / share

+14.7% YoY

-10.8% 3-yr CAGR

FY 2014

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

$0.54

FY 2023

$0.38

FY 2024

$0.43

FY 2025

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
EPS Growth YoY (%)	-41.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	7.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-25.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	37.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	74.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	71.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	15.5% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	59.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-4.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	15.1% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-11.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	5.8% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	11.7% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	—	—
Net Income Growth YoY (%)	-42.4% Weak ↓ Weak Declining Year-over-year change in net income	6.4% Fair ↓ Fair Declining Year-over-year change in net income	-25.5% Weak ↓ Weak Declining Year-over-year change in net income	34.5% Excellent ↓ Excellent Declining Year-over-year change in net income	74.1% Excellent ↑ Excellent Improving Year-over-year change in net income	69.6% Excellent ↑ Excellent Improving Year-over-year change in net income	9.8% Fair ↓ Fair Declining Year-over-year change in net income	58.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-4.2% Weak ↓ Weak Declining Year-over-year change in net income	16.2% Good ↑ Good Improving Year-over-year change in net income	-9.5% Weak ↓ Weak Declining Year-over-year change in net income	14.3% Fair Fair Year-over-year change in net income	18.4% Good Good Year-over-year change in net income	N/M	N/M	N/M	—	—
FCF Growth YoY (%)	N/M	N/M	-15.9% Weak Weak Year-over-year change in free cash flow	N/M	N/M	59.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	48.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	13.0% Fair ↑ Fair Improving Year-over-year change in free cash flow	-512.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	91.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-110.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	58.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-170.8% Weak Weak Year-over-year change in free cash flow	N/M	-85.8% Weak Weak Year-over-year change in free cash flow	—	—
EPS CAGR 3Y (%)	-22.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	3.4% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	21.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	60.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	51.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	46.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	20.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	20.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-0.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	2.7% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	1.7% Caution Caution Compound annual EPS growth over 3 years	—	150.3% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Effective Tax Rate (%) (%)	22.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.6% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.0% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.8% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	42.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.4% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.9% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-264.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-187.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	57.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
FCF / Net Income (x)	0.20x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.33x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.43x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.38x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.24x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.21x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	-0.73x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.80x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.15x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.63x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.82x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.85x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.66x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-2.72x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	—	—	—	—	—	—	—	—	—	—	—	—	8.4% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	20.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	29.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	10.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution Caution Operating profit relative to total assets Optimal: > 10%	1.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—
Return on Common Equity (%) (%)	8.7% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	15.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	16.0% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	25.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	24.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+61%)	18.0% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	12.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	13.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	9.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	10.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	10.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	12.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	14.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	15.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	-4.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-129%)	1.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-90%)	-13.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-191%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	—	—	1.08x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+54%)	1.05x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+49%)	—	—	—	—
Interest Coverage (x)	—	—	—	—	—	—	—	—	—	—	—	—	13.88x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	3.21x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.75x Weak Weak Operating income divided by interest expense Optimal: > 5x	1.53x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-775.16M	$-651.55M	$-921.23M	$-861.56M	$-618.34M	$-745.62M	$-319.47M	$-311.47M	$-170.75M	$-131.70M	$-262.21M	$-103.33M	$630.92M	$555.87M	$-173.61M	$-103.95M	$-249.33M	$-205.92M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	—	—	—	4.32x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.34x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Basic EPS, GAAP (USD)	$6.40	$10.85	$10.09	$13.52	$9.80	$5.62	$3.27	$2.83	$1.78	$1.87	$1.62	$1.82	$1.73	$1.54	$-0.33	$0.11	$-1.06	—
Free Cash Flow per Share (USD)	$1.31	$-3.54	$4.33	$5.15	$-2.36	$6.77	$4.23	$2.85	$-1.31	$-1.50	$-0.25	$-2.97	$-1.41	$-3.40	$-1.25	$0.41	$2.88	—
Dividend per Share (USD)	$0.43	$0.38	$0.54	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$76.22	$71.49	$63.31	$54.00	$40.76	$31.29	$25.84	$22.60	$19.57	$17.78	$15.90	$14.22	$11.65	$10.19	$7.55	$7.80	$7.74	—
Tangible Book Value per Share (USD)	$75.73	$71.03	$62.85	$53.55	$40.32	$30.86	$25.41	$22.17	$19.16	$17.37	$15.48	$13.80	$11.65	$10.19	$7.55	$7.80	$7.74	—
Basic Weighted Avg Shares (shares)	70.82M	72.48M	73.24M	73.39M	75.22M	75.44M	76.20M	80.21M	80.57M	79.95M	79.19M	78.03M	72.21M	68.11M	64.76M	64.12M	62.70M	—
Dividend Payout Ratio (%)	6.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	3.5% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	5.4% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
LT Debt (USD)	—	—	—	—	—	—	—	—	—	—	—	—	$905.05M	$726.33M	—	—	—	—
Total Equity (USD)	$5.20B	$5.14B	$4.61B	$3.95B	$3.04B	$2.35B	$1.97B	$1.72B	$1.58B	$1.42B	$1.26B	$1.11B	$841.39M	$694.21M	$488.91M	$500.00M	$485.43M	$527.21M

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Depreciation Expense (USD)	$25.29M	$25.96M	$25.33M	$24.75M	$26.25M	$31.05M	$27.92M	$26.97M	$16.70M	$15.98M	$14.24M	$11.61M	—	—	—	—	—	—
Net Income, GAAP (USD)	$453.01M	$786.19M	$738.75M	$992.19M	$737.44M	$423.48M	$249.66M	$227.33M	$143.25M	$149.54M	$128.74M	$142.24M	$124.46M	$105.16M	$-21.11M	$7.15M	$-66.46M	—
Operating Cash Flow (USD)	$118.29M	$-227.58M	$355.57M	$405.27M	$-152.09M	$530.36M	$346.82M	$262.20M	$-87.13M	$-103.40M	$-3.33M	$-211.25M	$-86.28M	$-220.49M	$-74.14M	$32.55M	$184.07M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 68 quarters

Meritage Homes CORP

Analytical Summary

18-Year Financial Trajectory

Health Breakdown

Dividend History

Statement lens

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