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Meritage Homes MTH House and land inventory

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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:InventoryOperativeBuilders.

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 itemMarch 31, 2026December 31, 2025
Assets
Cash and cash equivalents$766,632$775,157
Other receivables280,922306,956
Real estate5,962,0755,987,120
Deposits on real estate under option or contract166,236174,170
Investments in unconsolidated entities60,76257,268
Property and equipment, net46,06446,647
Deferred tax assets, net51,21153,293

Item 1. Financial Statements

FAQ

What is Meritage Homes's house and land inventory?
Meritage Homes (MTH) reported house and land inventory of $5.96B in Q1 2026.
How has Meritage Homes's house and land inventory changed year-over-year?
Meritage Homes's house and land inventory increased by 2.8% year-over-year, from $5.8B to $5.96B.
What is the long-term trend for Meritage Homes's house and land inventory?
Over 5 years (2020 to 2025), Meritage Homes's house and land inventory has grown at a 16.6% compound annual growth rate (CAGR), from $2.78B to $5.99B.
What does house and land inventory mean?
This represents the total value of land, land development costs, and homes under construction or completed but unsold. It serves as the primary asset base for homebuilders, reflecting the scale of active production and future revenue potential. Monitoring this balance helps assess capital deployment efficiency and inventory turnover cycles.

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