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
$4.8B
7.61
$8.78
1.36
$1.67
2.58%

What the Analysts think about Meritage Homes

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

Bulls say / Bears say

Meritage Homes completed a $300 million senior unsecured note offering due 2028 and used the proceeds to fully repay a $250 million revolver, improving liquidity and the capital structure (Reuters).
Management pointed to "favorable demographics and the limited supply of homes at affordable price points" supporting sustainable demand, positioning the company to expand market share with its affordable, move-in ready inventory strategy (Reuters).
Meritage posted an all-time high backlog conversion rate of 221% in Q1 2025, highlighting the effectiveness of its spec model and faster sales of move-in ready homes (Reuters).
Net earnings for Q1 2025 dropped 34% year-over-year to $122.8 million, reflecting significant margin contraction and lower profitability compared to $186.0 million in Q1 2024 (Reuters).
Ending backlog fell 34% year-over-year to 2,004 units as of March 31, 2025, down from 3,033 units a year ago, decreasing future revenue visibility (Reuters).
Average sales price for home closings in Q1 2025 declined 6% year-over-year to $393,000 from $418,000, indicating increased incentives and pricing pressure (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 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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