Growth & profitability
- Free cash flow has declined 28.9% per year over the past 5 years.
Shareholder returns
- Dividends have been paid for 3 consecutive years, consuming 26.7% of earnings and 130.8% of free cash flow.
MTH Financials Meritage Homes Corp
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $453M | — | — | 8.7% | 5.9% | $93M | — | $775M |
| 2024 | — | $786M | — | — | 15.3% | 11.0% | -$256M | — | $652M |
| 2023 | — | $739M | — | — | 16.0% | 11.6% | $317M | — | $921M |
| 2022 | — | $992M | — | — | 25.1% | 17.2% | $378M | — | $862M |
| 2021 | — | $737M | — | — | 24.2% | 15.3% | -$178M | — | $618M |
| 2020 | — | $423M | — | — | 18.0% | 11.0% | $510M | — | $746M |
| 2019 | — | $250M | — | — | 12.6% | 7.3% | $322M | — | $319M |
| 2018 | — | $227M | — | — | 13.2% | 6.8% | $229M | — | $311M |
| 2017 | — | $143M | — | — | 9.1% | 4.4% | -$105M | — | $171M |
| 2016 | — | $150M | — | — | 10.5% | 5.2% | -$120M | — | $132M |
| 2015 | — | $129M | — | — | 10.2% | 4.8% | -$19M | — | $262M |
| 2014 | — | $142M | — | — | 12.8% | 6.1% | -$232M | — | $103M |
| 2013 | — | $124M | — | — | 14.8% | 6.2% | -$102M | $905M | $274M |
| 2012 | — | $105M | — | — | 15.1% | 6.7% | -$231M | $726M | $170M |
| 2011 | — | -$21M | — | — | -4.3% | -1.7% | -$81M | — | $174M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $91M | — | — | 1.8% | 1.2% | $184M | — | $807M |
| Mar '26 | — | $55M | — | — | 1.1% | 0.7% | $97M | — | $767M |
| Dec '25 | — | $84M | — | — | 1.6% | 1.1% | $238M | — | $775M |
| Sep '25 | — | $99M | — | — | 1.9% | 1.3% | -$104M | — | $729M |
| Jun '25 | — | $147M | — | — | 2.8% | 1.9% | $7M | — | $930M |
| Mar '25 | — | $123M | — | — | 2.4% | 1.6% | -$48M | — | $1.0B |
| Dec '24 | — | $173M | — | — | 3.4% | 2.4% | -$107M | — | $652M |
| Sep '24 | — | $196M | — | — | 3.9% | 2.8% | -$100M | — | $832M |
| Jun '24 | — | $232M | — | — | 4.7% | 3.3% | -$125M | — | $993M |
| Mar '24 | — | $186M | — | — | 3.9% | 2.9% | $76M | — | $905M |
| Dec '23 | — | $199M | — | — | 4.3% | 3.1% | -$111M | — | $921M |
| Sep '23 | — | $222M | — | — | 5.0% | 3.6% | $94M | — | $1.0B |
| Jun '23 | — | $187M | — | — | 4.4% | 3.1% | $219M | — | $1.2B |
| Mar '23 | — | $131M | — | — | 3.2% | 2.2% | $116M | — | $957M |
| Dec '22 | — | $262M | — | — | 6.6% | 4.5% | $568M | — | $862M |
| Sep '22 | — | $262M | — | — | 7.1% | 4.7% | $30M | — | $299M |
| Jun '22 | $1.4B | $250M | 31.5% | 0.0% | 7.3% | 4.7% | -$225M | — | $272M |
| Mar '22 | — | $217M | — | — | 6.9% | 4.3% | $6M | — | $520M |
| Dec '21 | — | $237M | — | — | 7.8% | 4.9% | $89M | — | $618M |
| Sep '21 | — | $201M | — | — | 7.1% | 4.4% | -$112M | — | $562M |
Valuation over time
How the market has priced MTH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 3.8× (Mar '23) to 9.7× (Sep '26).
- The dividend yield has risen from 0.7% (Jan '24) to 2.8% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is MTH growing its revenue and profit?
See the revenue and net-income charts above for Meritage Homes Corp's multi-year trend.
How much debt does MTH have?
As of FY2025, Meritage Homes Corp reported — of total debt against $775M of cash.
What is MTH's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is MTH's P/E ratio?
As of Sep '26, Meritage Homes Corp traded at a price-to-earnings ratio of about 9.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.