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Meritage Homes Corporation

MTH Consumer Cyclical Residential Construction

Meritage Homes Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, down 8.40% from fiscal 2024.

Revenue
−17.4%
EPS
−25.7%
Free cash flow
+66.2%
Total debt
+1.25%

Quarter to September 2026, against a year earlier

70.91 2.38 −3.25%
Market cap
$4.6B
P/E
15.9×
Fwd P/E
14.9×
Dividend yield
2.64%
F-score
4/9
Altman Z
3.21
Beneish M
−1.98
Dividend safety
49/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Meritage Homes Corporation (MTH) Current ratio

Alert me on Current ratio

Meritage Homes Corporation's current ratio at the end of the quarter to 30 September 2026 was 1.7×, down 0.4× from fiscal 2025 (2.1×). Over the past ten years it has ranged from 0.8× (fiscal 2016) to 2.1× (fiscal 2025) — the current reading is the highest in ten years. That is below the Residential Construction industry median of 3.3× and above the Consumer Cyclical sector median of 1.5×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 2.1× 30.92%
FY2024 1.6× (9.43%)
FY2023 1.8× 3.28%
FY2022 1.7× 19.42%
FY2021 1.4× (21.04%)
FY2020 1.8× 60.78%
FY2019 1.1× (13.91%)
FY2018 1.3× 50.88%
FY2017 0.9× 3.01%
FY2016 0.8× (36.89%)

Quarterly newest first

Period Current ratio Change
Sep 2026 1.7× (12.66%)
Jun 2026 2.0× 0.60%
Mar 2026 2.0× (6.81%)
Dec 2025 2.1× 8.07%
43 more quarters

Against its own ten years

Low 0.8× High 2.1×
Ten-year median 1.4×
Current reading's percentile 100

Current ratio against peers

Company Current ratio
MHO M/I Homes, Inc. compare 7.5×
GRBK Green Brick Partners, Inc. compare 6.6×
NVR NVR, Inc. compare 5.3×
TOL Toll Brothers Inc. compare 4.5×
IBP Installed Building Products, Inc. compare 3.1×
SKY Champion Homes, Inc. compare 2.7×
CVCO Cavco Industries, Inc. compare 2.1×
KBH KB Home compare 2.1×
MTH Meritage Homes Corporation 1.7×
Residential Construction industry median 3.3×
Consumer Cyclical sector median 1.5×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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