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Meritage Homes

MTH

Meritage Homes is a leading designer and builder of single-family attached and detached homes, primarily serving the entry-level and first move-up market segments.

Market cap
$4.89B+1.0%
Net income$385.5M-46.7%
Free cash flow$237.7M+163%
EPS (diluted)$5.47-44.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$1.4B
EPS estimate$1.39

Financials

Q1 2026

Income statement

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Net income$55.3M-55.0%
EPS (diluted)$0.82-51.5%

Balance sheet

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Cash & equivalents$766.6M-24.2%
Total debt$60.8M+5.5%
Total equity$5.1B-1.9%
Total assets$7.6B-1.9%

Cash flow

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Operating cash flow$101.3M+338%
CapEx$4.3M-23.0%
Free cash flow$97.0M+301%

Valuation & ratios

Valuation

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Market cap$4.89B+1.0%
Enterprise value$4.18B+2.7%
P/E12.7×+4.9×

Returns & leverage

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Return on equity7.5%-7.1pp
Debt / equity0.0×

Segments

By product

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Home closings$1.1B-17.5%
Land closings$9.4M-39.3%
Financial Services$6.3M-11.3%

By segment

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Homebuilding Segment$1.1B-17.7%

Competitors

Profile

Meritage Homes is a leading designer and builder of single-family attached and detached homes, primarily serving the entry-level and first move-up market segments. The company operates a high-volume, 100% speculative building strategy focused on move-in ready, energy-efficient homes in high-growth U.S. markets. Beyond construction, the firm provides integrated financial services including title, escrow, mortgage, and insurance to streamline the homebuying process.

Competitive position

The fifth largest homebuilder in America, specializing in energy-efficient, move-in ready homes with a 60-day closing guarantee.

GeographiesUnited States, Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina
Customer segmentsFirst-time homebuyers, Move-up homebuyers
Business modelSpeculative homebuilding, Direct-to-consumer sales, Integrated financial services
SuppliersLand sellers, Building material suppliers, Trade partners, Municipalities for zoning and permits
CustomersIndividual homebuyers, Real estate agents
Listed1988
Employees1.8K
CEOPhillippe Lord
FilingsSEC EDGAR

Questions, answered.

What is Meritage Homes's market cap?
Meritage Homes (MTH) has a market capitalization of $4.9B and trades on NYSE.
Who are Meritage Homes's competitors?
Meritage Homes's key competitors include Lennar Corporation, D.R. Horton, Inc., KB Home, and others. These companies compete in similar markets and product categories.
Who does Meritage Homes partner with?
Meritage Homes's notable partners include ENERGY STAR, Residential Energy Services Network, U.S. Environmental Protection Agency.
What subsidiaries does Meritage Homes have?
Meritage Homes's subsidiaries include Carefree Title Agency, Inc., Meritage Homes Insurance Agency, Inc..
Where is Meritage Homes headquartered?
Meritage Homes is headquartered in United States of America and employs approximately 1,838 people. It has been publicly traded since 1988.