Meritage Homes (MTH)
Builds move-in-ready homes for entry-level and first move-up buyers across U.S. growth markets.
$66.40
After hours+0.01 (+0.02%)
At close$66.39(+3.17%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,619 | 1,660 | 1,475 | 1,702 | 1,597 | 1,622 | 1,365 | 1,633 | 1,424 | 1,436 | 1,123 | 1,471 |
| Cost of revenue | 1,184 | 1,238 | 1,097 | 1,258 | 1,200 | 1,241 | 1,062 | 1,287 | 1,148 | 1,200 | 923 | 1,143 |
| Gross profit | 436 | 422 | 377 | 444 | 396 | 380 | 302 | 346 | 272 | 235 | 196 | 328 |
| 162 | 176 | 152 | 158 | 157 | 173 | 152 | 164 | 152 | 149 | 131 | 144 | |
| 162 | 176 | 152 | 158 | 157 | 173 | 152 | 164 | 152 | 149 | 51 | 144 | |
| Selling & marketing | 99 | 107 | 102 | 105 | 98 | 105 | 95 | 109 | 100 | 101 | 0 | 92 |
| General & administrative | 63 | 69 | 51 | 53 | 59 | 68 | 57 | 55 | 52 | 48 | 51 | 52 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79 | 0 |
| Operating income | 273 | 246 | 225 | 286 | 239 | 208 | 151 | 182 | 120 | 86 | 65 | 184 |
| 12 | 13 | 9 | 11 | 11 | 14 | 9 | 11 | 8 | 17 | 7 | −63 | |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Other non-operating income | 0 | −13 | −9 | −11 | −11 | −14 | −9 | −11 | −8 | −17 | −8 | 8 |
| Income before tax | 286 | 259 | 234 | 297 | 250 | 222 | 160 | 193 | 128 | 103 | 73 | 121 |
| Income tax expense | 64 | 60 | 48 | 66 | 54 | 49 | 37 | 46 | 29 | 19 | 17 | 30 |
| Net income from continuing operations | 222 | 199 | 186 | 232 | 196 | 173 | 123 | 147 | 99 | 84 | 55 | 91 |
| Net income | 222 | 199 | 186 | 232 | 196 | 173 | 123 | 147 | 99 | 84 | 55 | 91 |
| EPS, basic | $3.03 | $2.73 | $2.56 | $3.19 | $2.71 | $2.39 | $1.71 | $2.05 | $1.40 | $1.21 | $0.82 | $1.37 |
| EPS, diluted | $2.99 | $2.69 | $2.53 | $3.16 | $2.67 | $2.36 | $1.69 | $2.04 | $1.39 | $1.20 | $0.82 | $1.37 |
| Weighted average shares, basic | 73 | 73 | 73 | 73 | 72 | 72 | 72 | 72 | 71 | 69 | 67 | 67 |
| Weighted average shares, diluted | 74 | 74 | 74 | 73 | 73 | 73 | 73 | 72 | 71 | 70 | 67 | 67 |
| EBITDA | 280 | 267 | 240 | 304 | 256 | 228 | 166 | 200 | 134 | 110 | 78 | 182 |
| Depreciation & amortization | 6 | 8 | 6 | 7 | 7 | 7 | 6 | 7 | 6 | 7 | 5 | 6 |
| EBIT | 273 | 259 | 234 | 297 | 250 | 222 | 160 | 193 | 128 | 103 | 73 | 176 |
