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Meritage Homes MTH Land 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 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 |
| Expense | (3,623) | (4,192) |
Item 1. Financial Statements
FAQ
- What is Meritage Homes's land closings — gross profit?
- Meritage Homes (MTH) reported land closings — gross profit of -$269K in Q1 2026.
- How has Meritage Homes's land closings — gross profit changed year-over-year?
- Meritage Homes's land closings — gross profit decreased by 108.5% year-over-year, from $3.17M to -$269K.
- What is the long-term trend for Meritage Homes's land closings — gross profit?
- Over 3 years (2021 to 2024), Meritage Homes's land closings — gross profit has grown at a 54.8% compound annual growth rate (CAGR), from -$1.08M to $4.02M.
- What does land closings — gross profit mean?
- This metric represents the difference between land closing revenue and the associated cost of product sold, indicating the profitability of land divestiture activities. It highlights the company's success in managing its land portfolio and generating returns on surplus or non-strategic land holdings. A strong gross profit margin here suggests effective land acquisition and development management.
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