MTH
Meritage Corporation
NYSE: MTH · CONSUMER CYCLICAL · RESIDENTIAL CONSTRUCTION
$67.02
-3.39% today
Updated 2026-04-29
Market cap
$4.48B
P/E ratio
12.23
P/S ratio
0.80x
EPS (TTM)
$5.48
Dividend yield
2.55%
52W range
$58 – $83
Volume
1.0M
Meritage Corporation (MTH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.46B | $2.34B | $1.52B | $970.31M | $941.66M | $861.24M | $1.19B | $1.82B | $2.18B | $2.58B | $3.04B | $3.24B | $3.53B | $3.67B | $4.50B | $5.14B | $6.29B | $6.11B | $6.40B | $5.86B |
| Revenue growth (YoY) | — | -32.3% | -35.0% | -36.3% | -3.0% | -8.5% | +38.7% | +52.4% | +19.7% | +18.3% | +17.9% | +6.6% | +8.9% | +3.9% | +22.8% | +14.2% | +22.4% | -2.8% | +4.6% | -8.4% |
| Cost of revenue | $2.75B | $2.33B | $1.56B | $966.26M | $773.96M | $720.14M | $964.00M | $1.41B | $1.71B | $2.06B | $2.48B | $2.65B | $2.87B | $2.96B | $3.50B | $3.70B | $4.49B | $4.61B | $4.80B | $4.69B |
| Gross profit | $712.63M | $13.05M | $-36.91M | $4.05M | $167.70M | $141.11M | $230.45M | $413.37M | $472.50M | $514.58M | $556.91M | $595.25M | $659.90M | $707.49M | $1.00B | $1.44B | $1.80B | $1.50B | $1.60B | $1.15B |
| Gross margin | 20.6% | 0.6% | -2.4% | 0.4% | 17.8% | 16.4% | 19.3% | 22.7% | 21.7% | 19.9% | 18.3% | 18.4% | 18.7% | 19.3% | 22.2% | 28.0% | 28.7% | 24.6% | 25.0% | 19.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $380.82M | $302.63M | $205.09M | $63.15M | $59.78M | $64.18M | $68.19M | $91.51M | $104.60M | $112.85M | $123.80M | $124.04M | $138.48M | $146.09M | $159.02M | $181.45M | $192.98M | $231.72M | $230.86M | $211.76M |
| Operating income | $331.81M | $-289.58M | $-242.01M | $-133.77M | $31.11M | $2.01M | $67.44M | $195.15M | $211.16M | $213.31M | $218.02M | $249.57M | $279.52M | $314.67M | $553.98M | $970.58M | $1.29B | $1.27B | $958.35M | $537.48M |
| Operating margin | 9.6% | -12.4% | -15.9% | -13.8% | 3.3% | 0.2% | 5.6% | 10.7% | 9.7% | 8.3% | 7.2% | 7.7% | 7.9% | 8.6% | 12.3% | 18.9% | 20.4% | 20.8% | 15.0% | 9.2% |
| EBITDA | $355.54M | $-271.76M | $-236.64M | $-109.42M | $39.09M | $9.19M | $75.63M | $205.08M | $222.77M | $227.55M | $234.00M | $266.27M | $306.49M | $342.60M | $585.03M | $996.82M | $1.31B | $1.27B | $984.30M | $562.76M |
| EBITDA margin | 10.3% | -11.6% | -15.5% | -11.3% | 4.2% | 1.1% | 6.3% | 11.3% | 10.2% | 8.8% | 7.7% | 8.2% | 8.7% | 9.3% | 13.0% | 19.4% | 20.8% | 20.8% | 15.4% | 9.6% |
| EBIT | $331.81M | $-289.58M | $-252.31M | $-118.27M | $31.11M | $2.01M | $67.44M | $195.15M | $211.16M | $213.31M | $218.02M | $249.57M | $279.52M | $314.67M | $553.98M | $970.58M | $1.29B | $1.27B | $958.35M | $537.48M |
| Interest expense | $0.00 | $6.75M | $23.65M | $36.53M | $33.72M | $30.40M | $24.24M | $15.09M | $5.16M | $15.96M | $5.17M | $3.85M | $785000.00 | $8.37M | $2.18M | $318000.00 | $41000.00 | $656000.00 | $2.10M | $2.98M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $225.35M | $-288.85M | $-291.94M | $-66.46M | $7.15M | $-21.11M | $105.16M | $124.46M | $142.24M | $128.74M | $149.54M | $143.25M | $227.33M | $249.66M | $423.48M | $737.44M | $992.19M | $738.75M | $786.19M | $453.01M |
| Net income growth (YoY) | — | -228.2% | -1.1% | +77.2% | +110.8% | -395.2% | +598.3% | +18.4% | +14.3% | -9.5% | +16.2% | -4.2% | +58.7% | +9.8% | +69.6% | +74.1% | +34.5% | -25.5% | +6.4% | -42.4% |
| Profit margin | 6.5% | -12.3% | -19.2% | -6.8% | 0.8% | -2.5% | 8.8% | 6.8% | 6.5% | 5.0% | 4.9% | 4.4% | 6.4% | 6.8% | 9.4% | 14.3% | 15.8% | 12.1% | 12.3% | 7.7% |