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Meritage Homes MTH Q4 2025 Annual earnings

Reported January 28, 2026 · After market close

Revenue$1.4BMiss by $82.9M
EPS$1.67Beat by $0.12
Revenue estimate$1.5B
EPS estimate$1.55

Next report

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

Financials

Q4 2025

Income statement

See full
Net income$84.0M-51.3%
EPS (diluted)$1.22-48.3%

Balance sheet

See full
Cash & equivalents$775.2M+19.0%
Total debt$60.5M+8.3%
Total equity$5.2B+1.1%
Total assets$7.6B+6.4%

Cash flow

See full
Operating cash flow$243.7M+345%
CapEx$5.6M-25.5%
Free cash flow$238.1M+322%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.63B+66.5%
Enterprise value$3.92B+79.2%
P/E10.2×+6.7×

Returns & leverage

See full
Return on equity8.8%-7.4pp
Debt / equity0×0.0×

Segments

By product

See full
Home closings$1.4B-11.9%
Land closings$21.1M+21.4%
Financial Services$8.2M-2.3%

By segment

See full
Homebuilding Segment$1.4B-11.5%

Versus estimates

Revenue

Q2 2026$1.4BMiss by $28.0MQ1 2026$1.1BMiss by $59.6M
Q4 2025$1.4BMiss by $82.9M
Q3 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 $0.13Q1 2026$0.86Miss by $0.12
Q4 2025$1.67Beat by $0.12
Q3 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 Q4 2025 earnings?
Meritage Homes (MTH) reported Q4 2025 earnings on January 28, 2026 after market close.
What were Meritage Homes's Q4 2025 revenue and EPS?
Meritage Homes reported revenue of $1.4B and eps of $1.67 for Q4 2025.
Did Meritage Homes beat estimates in Q4 2025?
Revenue missed the consensus estimate of $1.5B by $82.9M. EPS beat the consensus estimate of $1.55 by $0.12.
How did Meritage Homes's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 12.1% from $1.6B a year earlier and eps declined 64.6% from $4.72.
Where can I find Meritage Homes's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000833079-26-000006) and the 10-K periodic report (0000833079-26-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.