Meritage Homes Corporation (MTH) — Financial statements
Income statement, balance sheet, and cash flow for Meritage Homes Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,858↓8.4% | 6,395↑4.2% | 6,138↓2.4% | 6,292↑22.4% | 5,141 | |
| Cost of Revenue | 4,688↓2.3% | 4,797↑3.8% | 4,619↑2.9% | 4,489↑21.2% | 3,704 | |
| Gross Profit | 1,154↓27.8% | 1,598↑5.2% | 1,519↓15.7% | 1,803↑25.4% | 1,437 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 212↓8.3% | 231↓0.4% | 232↑20.1% | 193↑6.4% | 181 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 409↑6.3% | 385↑19.1% | 323↑13.3% | 285 | |
| SG&A Expenses | 212↓66.9% | 640↑3.8% | 617↑19.4% | 516↑10.6% | 467 | |
| Other Expenses | 404 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 616↓3.7% | 640↑3.8% | 617↑19.4% | 516↑10.6% | 467 | |
| Total Costs & Expenses | 5,320↓2.1% | 5,437↑3.8% | 5,236↑4.6% | 5,006↑20.0% | 4,171 | |
| Operating Results | ||||||
| Operating Income | 537↓43.9% | 958↑6.2% | 902↓29.9% | 1,287↑32.6% | 971 | |
| Depreciation & Amortization | 25↓2.6% | 26↑2.5% | 25↑2.4% | 25↓5.7% | 26 | |
| EBITDA | 563↓42.8% | 984↑6.1% | 928↓29.3% | 1,311↑31.6% | 997 | |
| EBIT | 537↓43.9% | 958↑6.2% | 902↓29.9% | 1,287↑32.6% | 971 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00 | 0.00 | 0.00↑100.0% | -0.04↑87.1% | -0.32 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00↓100.0% | 0.04↓87.1% | 0.32 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 47↑5.8% | 45↓5.3% | 47↑1659.9% | 3↑117.0% | -16 | |
| Income Before Tax | 585↓41.7% | 1,003↑5.6% | 949↓26.4% | 1,289↑35.0% | 955 | |
| Income Tax Expense | 132↓39.3% | 217↑2.8% | 211↓29.1% | 297↑36.7% | 217 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 453↓42.4% | 786↑6.4% | 739↓25.5% | 992↑34.5% | 737 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 453↓42.4% | 786↑6.4% | 739↓25.5% | 992↑34.5% | 737 | |
| Bottom-Line Net Income | 453↓42.4% | 786↑6.4% | 739↓25.5% | 992↑34.5% | 737 | |
| EPS (Basic) | 6.40↓41.0% | 10.85↑7.5% | 10.09↓25.4% | 13.52↑37.8% | 9.81 | |
| EPS (Diluted) | 6.40↓40.3% | 10.72↑7.5% | 9.97↓25.4% | 13.37↑38.5% | 9.65 | |
| Weighted Average Shares | 71↓2.3% | 72↓1.0% | 73↓0.2% | 73↓2.4% | 75 | |
| Weighted Average Diluted Shares | 71↓3.4% | 73↓1.1% | 74↓0.1% | 74↓3.0% | 76 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.