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Meritage Homes MTH Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$1.1BMiss by $59.6M
EPS$0.86Miss by $0.12
Revenue estimate$1.2B
EPS estimate$0.98

Next report

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

Financials

Q1 2026

Income statement

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

Balance sheet

See full
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

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

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.13B-18.8%
Enterprise value$3.43B-17.1%
P/E10.7×+3.7×

Returns & leverage

See full
Return on equity7.5%-7.1pp
Debt / equity0×0.0×

Segments

By product

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

By segment

See full
Homebuilding Segment$1.1B-17.7%

Versus estimates

Revenue

Q2 2026$1.4BMiss by $28.0M
Q1 2026$1.1BMiss by $59.6M
Q4 2025$1.4BMiss by $82.9MQ3 2025$1.4BMiss by $60.6MQ2 2025$1.6BBeat by $153.4MQ1 2025$1.4BBeat by $33.9M

Diluted EPS

Q2 2026$1.42Beat by $0.13
Q1 2026$0.86Miss by $0.12
Q4 2025$1.67Beat by $0.12Q3 2025$1.39Miss by $0.24Q2 2025$2.04Beat by $0.05Q1 2025$1.69Miss by $0.02

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Questions, answered.

When did Meritage Homes report Q1 2026 earnings?
Meritage Homes (MTH) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Meritage Homes's Q1 2026 revenue and EPS?
Meritage Homes reported revenue of $1.1B and eps of $0.86 for Q1 2026.
Did Meritage Homes beat estimates in Q1 2026?
Revenue missed the consensus estimate of $1.2B by $59.6M. EPS missed the consensus estimate of $0.98 by $0.12.
How did Meritage Homes's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 18.2% from $1.4B a year earlier and eps declined 49.1% from $1.69.
Where can I find Meritage Homes's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000833079-26-000103) and the 10-Q periodic report (0000833079-26-000105) directly on SEC EDGAR. The filing index links above go to sec.gov.