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

Meritage Homes Corporation (MTH) Free cash flow margin

Alert me on Free cash flow margin

Meritage Homes Corporation's free cash flow margin over the twelve months to 30 September 2026 was 9.41%, up 7.8 percentage points from fiscal 2025 (1.58%). Over the past ten years it has ranged from −4.00% (fiscal 2024) to 11.4% (fiscal 2020); the current reading is higher than 55% of that period. That is above the Residential Construction industry median of 8.39% and above the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 1.58% 5.58
FY2024 −4.00% (9.18)
FY2023 5.18% (0.84)
FY2022 6.02% 9.47
FY2021 −3.45% (14.81)
FY2020 11.4% 2.55
FY2019 8.81% 2.32
FY2018 6.49% 9.73
FY2017 −3.24% 0.70
FY2016 −3.94% (3.19)

Against its own ten years

Low −4.00% High 11.4%
Ten-year median 1.58%
Current reading's percentile 55

Free cash flow margin against peers

Company Free cash flow margin
TOL Toll Brothers Inc. compare 10.1%
CVCO Cavco Industries, Inc. compare 9.71%
MTH Meritage Homes Corporation 9.41%
NVR NVR, Inc. compare 8.78%
SKY Champion Homes, Inc. compare 8.50%
IBP Installed Building Products, Inc. compare 8.27%
GRBK Green Brick Partners, Inc. compare 3.52%
MHO M/I Homes, Inc. compare 3.48%
KBH KB Home compare 0.55%
Residential Construction industry median 8.39%
Consumer Cyclical sector median 3.20%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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