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
$4.6B
8.73
$7.50
1.45
$1.67
2.63%

What the Analysts think about Meritage Homes

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

Bulls say / Bears say

Community count at the end of third quarter 2025 reached a record 334, up 20% year-over-year, indicating rapid market expansion (GlobeNewswire).
As of September 30, 2025, around 80,800 lots were owned or controlled, increasing from 74,800 a year earlier, supporting a strong land pipeline for future growth (GlobeNewswire).
Book value per share rose 8% year-over-year by end of Q3 2025, reflecting continuing equity growth and value creation (Barchart).
Third quarter home closing gross margin narrowed to 19.1%, down 570 basis points year-over-year, due to higher use of incentives and increased lot costs (Barchart).
Net earnings for Q3 2025 dropped 49% to $99 million (or $1.39 per diluted share) compared to $196 million last year, reflecting lower home closing revenue and gross profit, along with rising SG&A and tax rates (TradingView).
Ending backlog value fell 28% year-over-year to $670 million in Q3 2025, impacting forward revenue visibility despite operational improvements (TradingView).
Data summarised monthly by Lightyear AI. Last updated on 3 Nov 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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