Meritage Homes (MTH) | Financial Analysis & Statements

Meritage Homes Corporation | Mid-cap | Consumer Cyclical

$69.49

1.22%

Meritage Homes vs D.R. Horton Meritage Homes vs Lennar Meritage Homes vs Taylor Morrison Home Meritage Homes vs Installed Building Meritage Homes vs KB Home Meritage Homes vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 6.4B

Gross Profit 1.6B 25.00%

Operating Income 958.3M 14.99%

Net Income 786.2M 12.30%

Balance Sheet Metrics

Total Assets 7.2B

Total Liabilities 2.0B

Shareholders Equity 5.1B

Debt to Equity 0.39

Cash Flow Metrics

Operating Cash Flow -87.1M

Free Cash Flow -256.2M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Meritage Homes Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	6.4B	6.1B	6.3B	5.1B	4.5B
Cost of Goods Sold	4.8B	4.6B	4.5B	3.7B	3.5B
Gross Profit	1.6B	1.5B	1.8B	1.4B	976.0M
Operating Expenses	639.9M	616.6M	516.2M	466.9M	446.9M
Operating Income	958.3M	902.4M	1.3B	968.5M	529.1M
Pre-tax Income	1.0B	949.4M	1.3B	954.8M	533.6M
Income Tax	216.7M	210.7M	297.1M	217.4M	110.1M
Net Income	786.2M	738.7M	992.2M	737.4M	423.5M
EPS (Diluted)	-	$19.93	$26.74	$19.29	$11.00

Income Statement Trend

Meritage Homes Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	6.8B	6.0B	5.5B	4.6B	3.7B
Non-Current Assets	333.6M	332.3M	260.5M	216.6M	182.6M
Total Assets	7.2B	6.4B	5.8B	4.8B	3.9B
Liabilities
Current Liabilities	596.7M	641.6M	613.5M	543.5M	444.4M
Non-Current Liabilities	1.4B	1.1B	1.2B	1.2B	1.1B
Total Liabilities	2.0B	1.7B	1.8B	1.8B	1.5B
Equity
Total Shareholders Equity	5.1B	4.6B	3.9B	3.0B	2.3B

Balance Sheet Composition

Meritage Homes Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	786.2M	738.7M	992.2M	737.4M	423.5M
Operating Cash Flow	-87.1M	369.1M	-301.9M	-1.2B	411.7M
Investing Activities
Capital Expenditures	-28.4M	-37.8M	-26.5M	-25.1M	-19.2M
Investing Cash Flow	-46.9M	-43.8M	-32.3M	-26.8M	-19.2M
Financing Activities
Dividends Paid	-108.6M	-39.5M	0	0	-
Financing Cash Flow	2.0M	-252.3M	-129.8M	51.6M	-86.0M
Free Cash Flow	-256.2M	317.4M	378.3M	-177.8M	510.4M

Cash Flow Trend

Meritage Homes Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 6.83

Forward P/E 3.12

Price to Book 0.93

Price to Sales 0.77

PEG Ratio 3.12

Profitability Ratios

Profit Margin 11.50%

Operating Margin 11.04%

Return on Equity 14.58%

Return on Assets 7.79%

Financial Health

Current Ratio 12.57

Debt to Equity 36.44

Beta 1.38

Per Share Data

EPS (TTM) $9.88

Book Value per Share $72.32

Revenue per Share $86.93

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
mth	4.8B	6.83	0.93	14.58%	11.50%	36.44
D.R. Horton	38.2B	9.42	1.58	17.65%	12.15%	26.60
Lennar	29.0B	9.17	1.28	13.26%	9.21%	19.29
Taylor Morrison Home	6.2B	7.17	1.04	15.97%	10.84%	36.23
Installed Building	5.0B	20.48	7.46	36.73%	8.39%	147.75
KB Home	3.8B	7.05	0.94	15.70%	9.13%	44.34

Financial data is updated regularly. All figures are in the company's reporting currency.