Meritage Homes CORP (MTH) Financial Statements
Industry: Operative Builders
In fiscal 2025, Meritage Homes reported revenue of $0. Net income was $453.0M, or $6.35 per diluted share. Operating activities generated $118.3M of cash, leaving $92.6M of free cash flow. At fiscal year end, Meritage Homes held $7.62B in total assets against $2.43B in total liabilities, including $775.2M of cash and equivalents.
Open the full interactive Meritage Homes financials → Quarterly statements, key ratios, valuation history and price charts.
Meritage Homes Key Stats
| Share Price | $58.25 |
|---|---|
| Market Cap | $3.85B |
| P/E Ratio | 9.2 |
| Dividend Yield | 3.19% |
| 52-Week Range | $57.85 – $84.55 |
| Shares Outstanding | 65.8 million (basic, 2026 Q2) |
Meritage Homes Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $533.6M | $954.8M | $1.29B | $949.4M | $1.00B | $584.6M |
| Income Tax | $110.1M | $217.4M | $297.1M | $210.7M | $216.7M | $131.6M |
| Net Income | $423.5M | $737.4M | $992.2M | $738.7M | $786.2M | $453.0M |
| Diluted EPS | $5.50 | $9.64 | $13.37 | $9.96 | $10.72 | $6.35 |
Meritage Homes Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Net Income | $99.3M | $84.0M | $55.3M | $90.6M |
| Diluted EPS | $1.39 | $1.18 | $0.82 | $1.37 |
Meritage Homes Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $745.6M | $618.3M | $861.6M | $921.2M | $651.6M | $775.2M |
| Total Assets | $3.86B | $4.81B | $5.77B | $6.35B | $7.16B | $7.62B |
| Total Long-Term Debt | $1.02B | $1.16B | $1.15B | $1.01B | $1.34B | $1.83B |
| Total Liabilities | $1.52B | $1.76B | $1.82B | $1.74B | $2.02B | $2.43B |
| Shareholders' Equity | $2.35B | $3.04B | $3.95B | $4.61B | $5.14B | $5.20B |
Meritage Homes Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $530.4M | -$152.1M | $405.3M | $355.6M | -$227.6M | $118.3M |
| Cash From Investing | -$18.2M | -$26.8M | -$32.3M | -$43.6M | -$44.1M | -$57.7M |
| Cash From Financing | -$86.0M | $51.6M | -$129.8M | -$252.3M | $2.0M | $63.0M |
| Free Cash Flow | $510.4M | -$177.8M | $378.3M | $317.4M | -$256.2M | $92.6M |
| Dividends Paid | — | — | — | $39.5M | $108.6M | $121.1M |
Figures from Meritage Homes' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Meritage Homes financials page for every line item.
Meritage Homes Company Profile
| Ticker | MTH |
|---|---|
| Exchange | NYSE |
| Industry | Operative Builders |
| Headquarters | Scottsdale, Arizona |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000833079 |
Frequently Asked Questions
What was Meritage Homes' revenue in fiscal 2025?
Meritage Homes (MTH) reported revenue of $0 for fiscal 2025.
What is Meritage Homes' annual revenue history?
Meritage Homes' annual revenue by fiscal year: 2020: $0; 2021: $0; 2022: $0; 2023: $0; 2024: $0; 2025: $0.
What was Meritage Homes' net income in fiscal 2025?
Meritage Homes reported net income of $453.0M for fiscal 2025.
What was Meritage Homes' earnings per share (EPS) in fiscal 2025?
Meritage Homes' diluted EPS was $6.35 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Meritage Homes generate in fiscal 2025?
Meritage Homes generated $92.6M of free cash flow in fiscal 2025.
What was Meritage Homes' revenue last quarter?
In its most recent reported quarter (2026 Q2), Meritage Homes reported revenue of $0.
How much debt does Meritage Homes have?
Meritage Homes reported $1.83B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Meritage Homes are outstanding?
Meritage Homes reported a weighted average of 65.8 million basic shares outstanding in 2026 Q2.
What is Meritage Homes' market cap?
Based on its latest closing price, Meritage Homes (MTH) has a market capitalization of about $3.85B.
When does Meritage Homes' fiscal year end?
Meritage Homes' fiscal year end, as registered with the SEC, is December 31.
Where is Meritage Homes headquartered?
Meritage Homes lists its business address in Scottsdale, Arizona in its SEC filings.