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Meritage Homes MTH Home closings — Gross Profit
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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 item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Cost of home closings | (914,024) | (1,046,454) |
| Cost of land closings | (9,630) | (12,256) |
| Total cost of closings | (923,654) | (1,058,710) |
| Home closing gross profit | 193,798 | 295,650 |
| Land closing gross (loss)/profit | (269) | 3,165 |
| Total closing gross profit | 193,529 | 298,815 |
| Financial Services: | ||
| Revenue | 6,285 | 7,082 |
Item 1. Financial Statements
FAQ
- What is Meritage Homes's home closings — gross profit?
- Meritage Homes (MTH) reported home closings — gross profit of $193.8M in Q1 2026.
- How has Meritage Homes's home closings — gross profit changed year-over-year?
- Meritage Homes's home closings — gross profit decreased by 34.5% year-over-year, from $295.65M to $193.8M.
- What is the long-term trend for Meritage Homes's home closings — gross profit?
- Over 4 years (2021 to 2025), Meritage Homes's home closings — gross profit has grown at a -5.4% compound annual growth rate (CAGR), from $1.42B to $1.14B.
- What does home closings — gross profit mean?
- This metric is calculated as the difference between total home closing revenue and the direct costs of product and service sold. It measures the fundamental profitability of the homebuilding operations before accounting for corporate overhead, interest, or taxes. A strong gross profit margin indicates effective pricing power and disciplined cost management in the home construction process.
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