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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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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
Total cost of closings(923,654)(1,058,710)
Home closing gross profit193,798295,650
Land closing gross (loss)/profit(269)3,165
Total closing gross profit193,529298,815
Financial Services:
Revenue6,2857,082
Expense(3,623)(4,192)
Earnings from financial services unconsolidated entities and other, net831673

Item 1. Financial Statements

FAQ

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.

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