meritage homes corp. - MTH

MTH

Close Chg Chg %
71.08 -3.95 -5.56%

Closed Market

67.13

-3.95 (5.56%)

Volume: 1.21M

Last Updated:

May 14, 2025, 3:59 PM EDT

Company Overview: meritage homes corp. - MTH

MTH Key Data

Open

$69.90

Day Range

67.10 - 70.43

52 Week Range

59.27 - 106.98

Market Cap

$5.10B

Shares Outstanding

71.83M

Public Float

70.15M

Beta

1.50

Rev. Per Employee

N/A

P/E Ratio

7.20

EPS

$9.99

Yield

218.80%

Dividend

$0.43

EX-DIVIDEND DATE

Mar 17, 2025

SHORT INTEREST

N/A

AVERAGE VOLUME

905.81K

 

MTH Performance

1 Week
 
-1.47%
 
1 Month
 
3.19%
 
3 Months
 
-8.90%
 
1 Year
 
-26.55%
 
5 Years
 
136.41%
 

MTH Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 14
Full Ratings ➔

About meritage homes corp. - MTH

Meritage Homes Corp. engages in the design and construction of single-family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

MTH At a Glance

Meritage Homes Corp.
18655 North Claret Drive
Scottsdale, Arizona 85255
Phone 1-480-515-8100 Revenue 6.40B
Industry Homebuilding Net Income 786.19M
Sector Consumer Durables 2024 Sales Growth 4.183%
Fiscal Year-end 12 / 2025 Employees 1,898
View SEC Filings

MTH Valuation

P/E Current 7.196
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 7.174
Price to Sales Ratio 0.882
Price to Book Ratio 1.076
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA 6.484
Enterprise Value to Sales 0.998
Total Debt to Enterprise Value 0.218

MTH Efficiency

Revenue/Employee 3,369,354.584
Income Per Employee 414,218.124
Receivables Turnover 24.953
Total Asset Turnover 0.944

MTH Liquidity

Current Ratio 9.966
Quick Ratio 1.325
Cash Ratio 0.951

MTH Profitability

Gross Margin 25.366
Operating Margin 15.019
Pretax Margin 15.682
Net Margin 12.294
Return on Assets 11.599
Return on Equity 16.121
Return on Total Capital 12.034
Return on Invested Capital 12.997

MTH Capital Structure

Total Debt to Total Equity 27.068
Total Debt to Total Capital 21.302
Total Debt to Total Assets 19.359
Long-Term Debt to Equity 25.982
Long-Term Debt to Total Capital 20.447
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Meritage Homes Corp. - MTH

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
5.14B 6.29B 6.14B 6.40B
Sales Growth
+14.22% +22.39% -2.45% +4.18%
Cost of Goods Sold (COGS) incl D&A
3.69B 4.47B 4.60B 4.77B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
26.25M 24.75M 23.50M 23.60M
Depreciation
- - 23.50M 23.60M
-
Amortization of Intangibles
- - - -
-
COGS Growth
+5.19% +21.09% +2.75% +3.85%
Gross Income
1.45B 1.82B 1.54B 1.62B
Gross Income Growth
+46.27% +25.70% -15.21% +5.17%
Gross Profit Margin
+28.15% +28.91% +25.13% +25.37%
2021 2022 2023 2024 5-year trend
SG&A Expense
466.85M 516.25M 616.63M 639.92M
Research & Development
- - - -
-
Other SG&A
466.85M 516.25M 616.63M 639.92M
SGA Growth
+4.46% +10.58% +19.44% +3.78%
Other Operating Expense
17.88M 22.20M 22.71M 21.82M
Unusual Expense
- 18.19M 907.00K 631.00K
EBIT after Unusual Expense
944.28M 1.28B 902.14M 959.81M
Non Operating Income/Expense
10.87M 8.66M 47.29M 43.06M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
6.01M 5.95M (656.00K) (2.10M)
Interest Expense
- - 318.00K 41.00K
-
Interest Expense Growth
- - -85.39% -87.11%
-
Gross Interest Expense
- - 318.00K 41.00K
-
Interest Capitalized
- - - -
-
Pretax Income
954.83M 1.29B 949.43M 1.00B
Pretax Income Growth
+78.95% +35.03% -26.36% +5.63%
Pretax Margin
+18.57% +20.49% +15.47% +15.68%
Income Tax
217.39M 297.13M 210.68M 216.68M
Income Tax - Current - Domestic
220.40M 300.65M 212.14M 207.13M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(3.01M) (3.53M) (1.46M) 9.55M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
6.01M 5.95M (656.00K) (2.10M)
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
737.44M 992.19M 738.75M 786.19M
Minority Interest Expense
- - - -
-
Net Income
737.44M 992.19M 738.75M 786.19M
Net Income Growth
+74.14% +34.54% -25.54% +6.42%
Net Margin Growth
+14.34% +15.77% +12.04% +12.29%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
737.44M 992.19M 738.75M 786.19M
Preferred Dividends
- - - -
-
Net Income Available to Common
737.44M 992.19M 738.75M 786.19M
EPS (Basic)
9.8038 13.5198 10.087 10.8475
EPS (Basic) Growth
+74.64% +37.90% -25.39% +7.54%
Basic Shares Outstanding
75.22M 73.39M 73.24M 72.48M
EPS (Diluted)
9.6441 13.3715 9.9645 10.7209
EPS (Diluted) Growth
+75.28% +38.65% -25.48% +7.59%
Diluted Shares Outstanding
76.47M 74.20M 74.14M 73.33M
EBITDA
988.71M 1.31B 926.54M 984.04M
EBITDA Growth
+78.13% +32.03% -29.02% +6.21%
EBITDA Margin
+19.23% +20.75% +15.09% +15.39%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 90.286
Number of Ratings 14 Current Quarters Estimate 2.00
FY Report Date 06 / 2025 Current Year's Estimate 8.282
Last Quarter’s Earnings 1.69 Median PE on CY Estimate N/A
Year Ago Earnings 10.72 Next Fiscal Year Estimate 9.151
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 9 9 9 9
Mean Estimate 2.00 2.17 8.28 9.15
High Estimates 2.09 2.34 8.64 9.85
Low Estimate 1.88 1.80 7.80 8.35
Coefficient of Variance 3.60 7.49 3.89 4.85

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 6 5 5
OVERWEIGHT 1 0 0
HOLD 7 7 6
UNDERWEIGHT 0 0 1
SELL 0 0 1
MEAN Overweight Overweight Overweight

Insider Actions for Meritage Homes Corp. - MTH

Date Name Shares Transaction Value
Mar 17, 2025 Joseph J. Keough Director 37,700 Open market or private purchase of non-derivative security Non-derivative transaction at $69.28 per share 2,611,856.00
Mar 11, 2025 Phillippe Lord Chief Executive Officer; Director 224,320 Bona fide gift 0.00
Mar 11, 2025 Phillippe Lord Chief Executive Officer; Director 228,270 Bona fide gift 0.00
Feb 21, 2025 Alison L. Sasser SVP - Chief Accounting Officer 10,437 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 21, 2025 Alison L. Sasser SVP - Chief Accounting Officer 5,933 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $72.03 per share 427,353.99
Feb 13, 2025 Steven J. Hilton Executive Chairman; Director 800,192 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $74.51 per share 59,622,305.92
Feb 13, 2025 Steven J. Hilton Executive Chairman; Director 811,192 Open market or private purchase of non-derivative security Non-derivative transaction at $74.51 per share 60,441,915.92

Meritage Homes Corp. in the News