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Meritage Homes MTH Financial Services — Gross Profit

Other product segments

Home closings
$193.8M-34.5%
Land closings
-$269K-108%

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Other financials

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

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Market cap$4.71B-8.0%
Enterprise value$4B-5.7%
P/E12.2×+4.2×

Returns & leverage

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

Where this comes from

Reported directly by Meritage Homes in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The source filing: Meritage Homes’s 10-Q, filed April 24, 2026.

Filed
Apr 24, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000833079-26-000105
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue6,2857,082
Expense(3,623)(4,192)
Earnings from financial services unconsolidated entities and other, net831673
Financial services profit3,4933,563
Commissions and other sales costs(79,472)(94,720)
General and administrative expenses(51,402)(56,997)
Interest expense(587)
Other income, net6,9639,498

Item 1. Financial Statements

FAQ

What is Meritage Homes's financial services — gross profit?
Meritage Homes (MTH) reported financial services — gross profit of $3.49M in Q1 2026.
How has Meritage Homes's financial services — gross profit changed year-over-year?
Meritage Homes's financial services — gross profit decreased by 2.0% year-over-year, from $3.56M to $3.49M.
What is the long-term trend for Meritage Homes's financial services — gross profit?
Over 4 years (2021 to 2025), Meritage Homes's financial services — gross profit has grown at a 0.8% compound annual growth rate (CAGR), from $18.03M to $18.62M.
What does financial services — gross profit mean?
This metric measures the total revenue generated by the financial services segment minus the direct costs associated with providing mortgage, title, and closing services. It reflects the core operational efficiency and pricing power of the company's captive financial services arm before accounting for overhead or administrative expenses. A strong gross profit margin in this segment indicates effective management of loan origination costs and competitive service offerings.

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