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Meritage Homes MTH Land closings — Revenue

Other product segments

Home closings
$1.11B-17.5%
Financial Services
$6.29M-11.3%

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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 / equity0×0.0×

Where this comes from

Reported directly by Meritage Homes in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Homebuilding:
Home closing revenue$1,107,822$1,342,104
Land closing revenue9,36115,421
Total closing revenue1,117,1831,357,525
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 profit193,798295,650

Item 1. Financial Statements

FAQ

What is Meritage Homes's land closings — revenue?
Meritage Homes (MTH) reported land closings — revenue of $9.36M in Q1 2026.
How has Meritage Homes's land closings — revenue changed year-over-year?
Meritage Homes's land closings — revenue decreased by 39.3% year-over-year, from $15.42M to $9.36M.
What is the long-term trend for Meritage Homes's land closings — revenue?
Over 4 years (2021 to 2025), Meritage Homes's land closings — revenue has grown at a 24.6% compound annual growth rate (CAGR), from $25.24M to $60.84M.
What does land closings — revenue mean?
This metric represents the total revenue recognized from the sale of developed land parcels or lots to third-party builders or developers. It reflects the company's ability to monetize land assets that are not utilized for its own homebuilding operations. This revenue stream is a key indicator of the company's land banking strategy and capital recycling efficiency.

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