Symbols / MTH Stock $69.07 -1.19% Meritage Homes Corporation

Consumer Cyclical • Residential Construction • United States • NYQ
MTH (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Residential Construction
CEO Mr. Phillippe Lord
Exch · Country NYQ · United States
Market Cap 4.61B
Enterprise Value 5.68B
Income 385.52M
Sales 5.62B
FCF (ttm) 169.32M
Book/sh 76.22
Cash/sh 11.49
Employees 1,860
Insider 10d —
IPO Jul 26, 1988
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 32.30%
P/E 12.60
Forward P/E 10.05
PEG 0.54
P/S 0.82
P/B 0.91
P/C —
EV/EBITDA 11.33
EV/Sales 1.01
Quick Ratio 1.72
Current Ratio 12.15
Debt/Eq 36.15
LT Debt/Eq —
EPS (ttm) 5.48
EPS next Y 6.87
EPS Growth -51.50%
Revenue Growth -17.70%
EPS Gr Q/Q -55.00%
Rev Gr Q/Q —
Earnings (next) 2026-07-22
Earnings (prior) 2026-04-22
ROA 3.91%
ROE 7.49%
ROIC —
Gross Margin 19.09%
Oper. Margin 5.89%
Profit Margin 6.86%
Shs Outstand 66.70M
Shs Float 64.94M
Insider Own 2.54%
Instit Own 106.53%
Short Float 7.12%
Short Ratio 3.18
Short Interest 3.27M
52W High 84.74
vs 52W High -18.49%
52W Low 58.03
vs 52W Low 19.02%
Beta 1.51
Impl. Vol. 43.92%
Rel Volume 0.75
Avg Volume 1.03M
Volume 772.23K
Target (mean) $78.33
Tgt Median $80.00
Tgt Low $62.00
Tgt High $90.00
# Analysts 9
Recom Buy
Prev Close $69.90
Price $69.07
Change -1.19%
About

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached 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 entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. The company also provides title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$78.33
Mean price target
2. Current target
$69.07
Latest analyst target
3. DCF / Fair value
$45.69
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$69.07
Low
$62.00
High
$90.00
Mean
$78.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-24 main UBS Buy → Buy $86
2026-04-20 main B of A Securities Neutral → Neutral $72
2026-04-16 main Truist Securities Buy → Buy $80
2026-04-13 main Evercore ISI Group In-Line → In-Line $69
2026-03-04 init Truist Securities — → Buy $90
2026-02-03 main Keefe, Bruyette & Woods Market Perform → Market Perform $76
2026-01-23 main UBS Buy → Buy $101
2026-01-16 down B of A Securities Buy → Neutral $82
2026-01-07 init Citizens — → Market Outperform $90
2026-01-06 main UBS Buy → Buy $104
2025-12-04 main Evercore ISI Group In-Line → In-Line $77
2025-11-04 main JP Morgan Neutral → Neutral $69
2025-10-30 main UBS Buy → Buy $101
2025-10-30 main Evercore ISI Group In-Line → In-Line $78
2025-10-10 main B of A Securities Buy → Buy $80
2025-10-07 down Evercore ISI Group Outperform → In-Line $82
2025-09-18 main B of A Securities Buy → Buy $85
2025-07-28 main JP Morgan Neutral → Neutral $60
2025-07-28 main Keefe, Bruyette & Woods Market Perform → Market Perform $75
2025-07-25 main Wedbush Neutral → Neutral $90
News
RSS: Latest MTH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-23 HILTON STEVEN J Officer and Director — 8,151 $0.00 $0
2026-03-23 SFERRUZZA HILLA Chief Financial Officer — 14,672 $0.00 $0
2026-03-23 LORD PHILLIPPE Chief Executive Officer — 48,907 $0.00 $0
2026-03-23 FELICIANO JAVIER Officer — 7,346 $0.00 $0
2026-03-23 CLINTON MALISSIA General Counsel — 7,760 $0.00 $0
2026-03-23 WOFFINDEN AUSTIN M Officer — 7,845 $0.00 $0
2026-02-24 SASSER ALISON Officer — 151 $76.80 $11,597
2026-02-24 WOFFINDEN AUSTIN M Officer — 143 $76.80 $10,982
2026-02-23 HILTON STEVEN J Officer and Director — 4,835 $75.97 $368,107
2026-02-23 SFERRUZZA HILLA Chief Financial Officer — 10,928 $76.00 $834,329
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
5,860.61
-8.33%
6,392.94
+4.16%
6,137.61
-2.55%
6,298.15
Operating Revenue
5,857.64
-8.40%
6,395.03
+4.18%
6,138.26
-2.45%
6,292.20
Cost Of Revenue
4,703.99
-1.89%
4,794.67
+3.81%
4,618.59
+2.74%
4,495.26
Reconciled Cost Of Revenue
4,703.99
-1.89%
4,794.67
+3.81%
4,618.59
+2.74%
4,495.26
Gross Profit
1,156.62
-27.63%
1,598.27
+5.22%
1,519.02
-15.75%
1,802.89
Operating Expense
616.17
-3.71%
639.92
+3.78%
616.63
+19.44%
516.25
Selling General And Administration
616.17
-3.71%
639.92
+3.78%
616.63
+19.44%
516.25
Selling And Marketing Expense
404.40
-1.14%
409.07
+6.28%
384.91
+19.07%
323.27
General And Administrative Expense
211.76
-8.27%
230.86
-0.37%
231.72
+20.07%
192.98
Other Gand A
211.76
-8.27%
230.86
-0.37%
231.72
+20.07%
192.98
Total Expenses
5,320.16
-2.11%
5,434.59
+3.81%
5,235.22
+4.46%
5,011.51
Operating Income
540.46
-43.61%
958.35
+6.20%
902.39
-29.86%
1,286.64
EBITDA
609.88
-40.72%
1,028.83
+5.55%
974.76
-25.82%
1,314.11
Normalized EBITDA
609.88
-40.76%
1,029.46
+5.51%
975.67
-25.75%
1,314.11
Reconciled Depreciation
25.29
-2.60%
25.96
+2.47%
25.33
+2.37%
24.75
EBIT
584.60
-41.71%
1,002.87
+5.63%
949.43
-26.36%
1,289.36
Total Unusual Items
0.00
+100.00%
-0.63
+30.43%
-0.91
0.00
Total Unusual Items Excluding Goodwill
0.00
+100.00%
-0.63
+30.43%
-0.91
0.00
Special Income Charges
0.00
+100.00%
-0.63
+30.43%
-0.91
0.00
Other Special Charges
—
0.63
-30.43%
0.91
—
Net Income
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Pretax Income
584.60
-41.71%
1,002.87
+5.63%
949.43
-26.36%
1,289.32
Net Non Operating Interest Income Expense
0.00
0.00
0.00
+100.00%
-0.04
Interest Expense Non Operating
0.00
0.00
0.00
-100.00%
0.04
Net Interest Income
0.00
0.00
0.00
+100.00%
-0.04
Interest Expense
0.00
0.00
0.00
-100.00%
0.04
Other Income Expense
44.15
-0.85%
44.52
-5.35%
47.04
+1633.27%
2.71
Other Non Operating Income Expenses
44.15
-2.24%
45.16
-5.82%
47.95
+1666.69%
2.71
Tax Provision
131.59
-39.27%
216.68
+2.85%
210.68
-29.09%
297.13
Tax Rate For Calcs
0.00
+4.14%
0.00
-2.63%
0.00
-3.52%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-0.14
+32.26%
-0.20
0.00
Net Income Including Noncontrolling Interests
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Net Income From Continuing Operation Net Minority Interest
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Net Income From Continuing And Discontinued Operation
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Net Income Continuous Operations
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Normalized Income
453.01
-42.41%
786.68
+6.39%
739.45
-25.47%
992.19
Net Income Common Stockholders
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Diluted EPS
—
10.72
+7.58%
9.96
-25.47%
13.37
Basic EPS
—
10.85
+7.59%
10.09
-25.41%
13.52
Basic Average Shares
—
72.48
-1.04%
73.24
-0.20%
73.39
Diluted Average Shares
—
73.33
-1.09%
74.14
-0.09%
74.20
Diluted NI Availto Com Stockholders
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
7,622.29
+6.42%
7,162.65
+12.74%
6,353.13
+10.07%
5,772.10
Current Assets
7,243.40
+6.07%
6,829.02
+13.42%
6,020.85
+9.24%
5,511.57
Cash Cash Equivalents And Short Term Investments
775.16
+18.97%
651.55
-29.27%
921.23
+6.93%
861.56
Cash And Cash Equivalents
775.16
+18.97%
651.55
-29.27%
921.23
+6.93%
861.56
Receivables
306.96
+19.77%
256.28
-4.00%
266.97
+24.16%
215.02
Other Receivables
306.96
+19.77%
256.28
-4.00%
266.97
+24.16%
215.02
Inventory
5,987.12
+4.51%
5,728.77
+21.34%
4,721.29
+8.33%
4,358.26
Finished Goods
5,987.12
+4.51%
5,728.77
+21.34%
4,721.29
+8.33%
4,358.26
Prepaid Assets
174.17
-9.48%
192.41
+72.77%
111.36
+45.14%
76.73
Total Non Current Assets
378.88
+13.56%
333.64
+0.41%
332.28
+27.54%
260.53
Net PPE
46.65
-1.35%
47.28
-3.41%
48.95
+26.71%
38.63
Gross PPE
122.80
+5.33%
116.58
-5.01%
122.72
-0.43%
123.26
Accumulated Depreciation
-76.15
-9.89%
-69.30
+6.07%
-73.77
+12.82%
-84.62
Machinery Furniture Equipment
122.80
+5.33%
116.58
-5.01%
122.72
-0.43%
123.26
Investments And Advances
57.27
+99.30%
28.73
+67.36%
17.17
+46.09%
11.75
Long Term Equity Investment
57.27
+99.30%
28.73
+67.36%
17.17
+46.09%
11.75
Non Current Deferred Assets
53.29
-2.26%
54.52
+14.61%
47.57
+4.67%
45.45
Non Current Deferred Taxes Assets
53.29
-2.26%
54.52
+14.61%
47.57
+4.67%
45.45
Non Current Prepaid Assets
—
—
—
—
Other Non Current Assets
221.68
+9.15%
203.09
-7.09%
218.58
+32.73%
164.69
Total Liabilities Net Minority Interest
2,426.64
+20.07%
2,021.08
+16.07%
1,741.23
-4.46%
1,822.49
Current Liabilities
510.44
-14.45%
596.68
-7.00%
641.62
+4.59%
613.49
Payables And Accrued Expenses
501.23
-13.01%
576.17
-4.77%
605.01
+5.12%
575.52
Payables
214.88
-9.31%
236.96
-20.28%
297.22
-0.41%
298.45
Accounts Payable
200.68
-5.55%
212.48
-21.78%
271.65
-0.59%
273.27
Current Accrued Expenses
286.35
-15.59%
339.22
+10.21%
307.80
+11.09%
277.08
Total Tax Payable
14.21
-41.97%
24.48
-4.27%
25.57
+1.54%
25.18
Current Deferred Liabilities
9.21
-55.09%
20.51
-43.96%
36.60
-3.57%
37.96
Current Deferred Revenue
9.21
-55.09%
20.51
-43.96%
36.60
-3.57%
37.96
Total Non Current Liabilities Net Minority Interest
1,916.20
+34.53%
1,424.40
+29.54%
1,099.62
-9.05%
1,209.00
Long Term Debt And Capital Lease Obligation
1,889.52
+35.77%
1,391.70
+31.01%
1,062.26
-9.47%
1,173.43
Long Term Debt
1,829.05
+36.92%
1,335.88
+32.50%
1,008.22
-12.38%
1,150.65
Long Term Capital Lease Obligation
60.47
+8.32%
55.83
+3.30%
54.04
+137.20%
22.78
Long Term Provisions
26.68
-18.40%
32.69
-12.49%
37.36
+5.02%
35.58
Other Non Current Liabilities
—
—
—
—
Stockholders Equity
5,195.64
+1.05%
5,141.57
+11.48%
4,611.90
+16.77%
3,949.61
Common Stock Equity
5,195.64
+1.05%
5,141.57
+11.48%
4,611.90
+16.77%
3,949.61
Capital Stock
0.68
+89.44%
0.36
-1.10%
0.36
-0.55%
0.37
Common Stock
0.68
+89.44%
0.36
-1.10%
0.36
-0.55%
0.37
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
68.17
-5.22%
71.92
-1.27%
72.85
-0.40%
73.14
Ordinary Shares Number
68.17
-5.22%
71.92
-1.27%
72.85
-0.40%
73.14
Additional Paid In Capital
0.00
-100.00%
143.04
-50.84%
290.95
-11.26%
327.88
Retained Earnings
5,194.96
+3.94%
4,998.18
+15.68%
4,320.58
+19.31%
3,621.37
Total Equity Gross Minority Interest
5,195.64
+1.05%
5,141.57
+11.48%
4,611.90
+16.77%
3,949.61
Total Capitalization
7,024.70
+8.45%
6,477.45
+15.25%
5,620.11
+10.19%
5,100.26
Working Capital
6,732.96
+8.03%
6,232.33
+15.86%
5,379.23
+9.82%
4,898.09
Invested Capital
7,024.70
+8.45%
6,477.45
+15.25%
5,620.11
+10.19%
5,100.26
Total Debt
1,889.52
+35.77%
1,391.70
+31.01%
1,062.26
-9.47%
1,173.43
Net Debt
1,053.90
+54.01%
684.32
+686.69%
86.99
-69.91%
289.09
Capital Lease Obligations
60.47
+8.32%
55.83
+3.30%
54.04
+137.20%
22.78
Net Tangible Assets
5,195.64
+1.05%
5,141.57
+11.48%
4,611.90
+16.77%
3,949.61
Tangible Book Value
5,195.64
+1.05%
5,141.57
+11.48%
4,611.90
+16.77%
3,949.61
Interest Payable
14.62
+132.42%
6.29
-0.65%
6.33
-9.89%
7.03
Investment Properties
—
—
—
0.00
Line Of Credit
0.00
0.00
0.00
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
118.29
+151.98%
-227.58
-164.00%
355.57
-12.26%
405.27
Cash Flow From Continuing Operating Activities
118.29
+151.98%
-227.58
-164.00%
355.57
-12.26%
405.27
Net Income From Continuing Operations
453.01
-42.38%
786.19
+6.42%
738.75
-25.54%
992.19
Depreciation Amortization Depletion
25.29
-2.60%
25.96
+2.47%
25.33
+2.37%
24.75
Depreciation And Amortization
25.29
-2.60%
25.96
+2.47%
25.33
+2.37%
24.75
Other Non Cash Items
1.33
-82.83%
7.76
+459.50%
-2.16
-119.87%
10.86
Stock Based Compensation
19.68
-23.74%
25.81
+14.65%
22.51
+0.80%
22.33
Asset Impairment Charge
57.50
+757.95%
6.70
+6.84%
6.27
—
Operating Gains Losses
-3.97
+53.77%
-8.59
-57.28%
-5.46
+10.32%
-6.09
Change In Working Capital
-438.69
+59.34%
-1,078.86
-147.18%
-436.46
+32.30%
-644.67
Change In Receivables
-55.27
-238.94%
39.78
+161.99%
-64.17
+37.67%
-102.95
Changes In Account Receivables
-55.27
-238.94%
39.78
+161.99%
-64.17
+37.67%
-102.95
Change In Inventory
-274.05
+72.01%
-979.25
-173.99%
-357.41
+42.77%
-624.52
Change In Prepaid Assets
-17.01
+82.55%
-97.45
-159.88%
-37.50
-744.93%
5.81
Change In Payables And Accrued Expense
-92.37
-120.28%
-41.93
-285.47%
22.61
-70.63%
76.98
Change In Other Current Assets
—
—
—
-624.52
Investing Cash Flow
-57.70
-30.91%
-44.07
-1.03%
-43.62
-35.11%
-32.29
Cash Flow From Continuing Investing Activities
-57.70
-30.91%
-44.07
-1.03%
-43.62
-35.11%
-32.29
Net PPE Purchase And Sale
-25.47
+10.30%
-28.40
+24.82%
-37.77
-42.58%
-26.49
Purchase Of PPE
-25.72
+10.24%
-28.66
+24.96%
-38.19
-41.60%
-26.97
Sale Of PPE
0.25
-4.20%
0.26
-38.06%
0.42
-12.06%
0.48
Capital Expenditure
-25.72
+10.24%
-28.66
+24.96%
-38.19
-41.60%
-26.97
Net Investment Purchase And Sale
0.00
0.00
0.00
0.00
Purchase Of Investment
-1.75
-133.33%
-0.75
+0.00%
-0.75
+27.33%
-1.03
Sale Of Investment
1.75
+133.33%
0.75
+0.00%
0.75
-27.33%
1.03
Net Business Purchase And Sale
-32.73
-76.48%
-18.55
-209.55%
-5.99
-3.36%
-5.80
Purchase Of Business
-32.73
-76.48%
-18.55
-209.55%
-5.99
-3.36%
-5.80
Financing Cash Flow
63.01
+3085.69%
1.98
+100.78%
-252.28
-94.43%
-129.76
Cash Flow From Continuing Financing Activities
63.01
+3085.69%
1.98
+100.78%
-252.28
-94.43%
-129.76
Net Issuance Payments Of Debt
484.19
+90.94%
253.58
+265.00%
-153.68
-651.32%
-20.45
Issuance Of Debt
497.19
-13.53%
575.00
0.00
0.00
Repayment Of Debt
-13.01
+95.95%
-321.42
-109.14%
-153.68
-651.32%
-20.45
Long Term Debt Issuance
497.19
-13.53%
575.00
0.00
0.00
Long Term Debt Payments
-13.01
+95.95%
-321.42
-109.14%
-153.68
-651.32%
-20.45
Net Long Term Debt Issuance
484.19
+90.94%
253.58
+265.00%
-153.68
-651.32%
-20.45
Net Common Stock Issuance
-295.00
-134.25%
-125.93
-113.20%
-59.07
+45.96%
-109.30
Common Stock Payments
-295.00
-134.25%
-125.93
-113.20%
-59.07
+45.96%
-109.30
Common Stock Dividend Paid
-121.07
-11.49%
-108.59
-174.67%
-39.53
0.00
Cash Dividends Paid
-121.07
-11.49%
-108.59
-174.67%
-39.53
0.00
Repurchase Of Capital Stock
-295.00
-134.25%
-125.93
-113.20%
-59.07
+45.96%
-109.30
Net Other Financing Charges
-5.11
+70.11%
-17.08
—
—
Changes In Cash
123.60
+145.83%
-269.67
-551.97%
59.67
-75.47%
243.23
Beginning Cash Position
651.55
-29.27%
921.23
+6.93%
861.56
+39.34%
618.34
End Cash Position
775.16
+18.97%
651.55
-29.27%
921.23
+6.93%
861.56
Free Cash Flow
92.57
+136.13%
-256.23
-180.73%
317.38
-16.10%
378.30
Interest Paid Supplemental Data
15.70
+185.18%
5.51
+278.68%
1.45
-36.20%
2.28
Income Tax Paid Supplemental Data
154.23
-26.03%
208.52
-1.69%
212.09
-31.96%
311.73
Dividend Received CFO
4.14
-44.47%
7.46
+9.85%
6.79
+15.12%
5.90
Dividends Received CFI
0.50
-82.56%
2.87
+1992.70%
0.14
0.00
Earnings Losses From Equity Investments
-3.97
+56.93%
-9.22
-44.80%
-6.37
-4.56%
-6.09
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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