Meritage Homes/$MTH

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About Meritage Homes

Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, comprising ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments: homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services, and the financial services segment offers title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.

Ticker

$MTH

Primary listing

NYSE

Employees

1,898

Meritage Homes Metrics

BasicAdvanced
$5.5B
8.85
$8.78
1.29
$1.61
2.21%

What the Analysts think about Meritage Homes

Analyst ratings (Buy, Hold, Sell) for Meritage Homes stock.

Bulls say / Bears say

Meritage recorded a 9% year-over-year rise in active communities, reaching a record 312 in Q2 2025, expanding its sales presence across the West, Central, and East regions.
Backlog conversion rate remained strong at 208% in Q2 2025, pointing to faster build times and less exposure to market swings.
Liquidity position improved, with $930 million in cash and a net debt-to-capital ratio of 14.6% as of June 30, 2025, giving the company flexibility for land purchases and incentives.
Home closing revenue dropped 5% year-over-year to $1.6 billion in Q2 2025, mainly because the average selling price fell 6%, largely due to financing incentives.
Home closing gross margin shrank by 480 basis points year-over-year to 21.1% (21.4% on an adjusted basis), reflecting more financing incentives, higher lot costs, and costs tied to terminated land deals.
The backlog at quarter-end dropped 36% year-over-year to 1,748 homes, and its value fell 37% to $695 million, putting pressure on future revenue visibility.
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.

Meritage Homes Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Meritage Homes Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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