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Meritage Homes MTH Q3 2025 earnings

Reported October 28, 2025 · After market close

Revenue$1.4BMiss by $60.6M
EPS$1.39Miss by $0.24
Revenue estimate$1.5B
EPS estimate$1.63

Next report

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

Financials

Q3 2025

Income statement

See full
Net income$99.3M-49.3%
EPS (diluted)$1.39-47.9%

Balance sheet

See full
Cash & equivalents$728.9M-12.3%
Total debt$62.0M+8.2%
Total equity$5.3B+5.1%
Total assets$7.8B+9.2%

Cash flow

See full
Operating cash flow-$96.5M-4.9%
CapEx$7.8M-2.9%
Free cash flow-$104.3M-4.3%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$5.15B-30.8%
Enterprise value$4.49B-32.8%
P/E9.5×+0.3×

Returns & leverage

See full
Return on equity10.5%-6.7pp
Debt / equity0×0.0×

Segments

By product

See full
Home closings$1.4B-11.8%
Land closings$16.1M+503%
Financial Services$8.5M+4.8%

By segment

See full
Homebuilding Segment$1.4B-10.9%

Versus estimates

Revenue

Q2 2026$1.4BMiss by $28.0MQ1 2026$1.1BMiss by $59.6MQ4 2025$1.4BMiss by $82.9M
Q3 2025$1.4BMiss by $60.6M
Q2 2025$1.6BBeat by $153.4MQ1 2025$1.4BBeat by $33.9M

Diluted EPS

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

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Questions, answered.

When did Meritage Homes report Q3 2025 earnings?
Meritage Homes (MTH) reported Q3 2025 earnings on October 28, 2025 after market close.
What were Meritage Homes's Q3 2025 revenue and EPS?
Meritage Homes reported revenue of $1.4B and eps of $1.39 for Q3 2025.
Did Meritage Homes beat estimates in Q3 2025?
Revenue missed the consensus estimate of $1.5B by $60.6M. EPS missed the consensus estimate of $1.63 by $0.24.
How did Meritage Homes's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.9% from $1.6B a year earlier and eps declined 47.9% from $2.67.
Where can I find Meritage Homes's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000833079-25-000138) directly on SEC EDGAR. The filing index links above go to sec.gov.