What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Meritage Homes MTH Gross Profit

Discontinued — last reported Q2 '18

Gross Profit at other companies

Taylor Morrison Home CorporationTMHC

$290.64M-37.3%

Cavco IndustriesCVCO

$127.05M+9.4%

Skyline ChampionSKY

$154.36M+1.3%

Home DepotHD

$13.78B+2.4%

PultegroupPHM

——

Toll BrothersTOL

——

Segments

By product

See full

Home closings$193.8M-34.5%

Financial Services$3.49M-2.0%

Land closings-$269K-108%

By segment

See full

Homebuilding Segment$193.53M-35.2%

Other financials

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

See full

Market cap$5.05B-18.8%

Returns & leverage

See full

Return on equity7.5%-7.1pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Meritage Homes in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The official record: Meritage Homes’s 10-Q, filed July 30, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.