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Meritage Homes MTH Homebuilding — Gross Profit

Other product segments

Home closings
$193.8M-34.5%
Financial Services
$3.49M-2.0%
Land closings
-$269K-108%

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$111.74M+2.9%
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TMHCHome closings revenue, net — Gross Profit
$261.72M-40.3%

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$5.05B-18.8%
Enterprise value$4.35B-17.1%
P/E13.1×+4.5×

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 official record: Meritage Homes’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Meritage Homes's homebuilding — gross profit?
Meritage Homes (MTH) reported homebuilding — gross profit of $193.53M in Q1 2026.
How has Meritage Homes's homebuilding — gross profit changed year-over-year?
Meritage Homes's homebuilding — gross profit decreased by 35.2% year-over-year, from $298.82M to $193.53M.
What is the long-term trend for Meritage Homes's homebuilding — gross profit?
Over 4 years (2021 to 2025), Meritage Homes's homebuilding — gross profit has grown at a -5.3% compound annual growth rate (CAGR), from $1.42B to $1.14B.
What does homebuilding — gross profit mean?
This is the residual profit remaining after subtracting the direct costs of construction and services from the total revenue generated by the homebuilding segment. It measures the fundamental profitability of the homebuilding operations before accounting for administrative or selling expenses. A strong gross profit indicates effective pricing power and cost control in home construction.