stockrowMeritage 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
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Meritage Homes Corporation (MTH) Gross margin
Meritage Homes Corporation's gross margin over the twelve months to 30 September 2026 was 17.7%, down 2.3 percentage points from fiscal 2025 (20.0%). Over the past ten years it has ranged from 17.9% (fiscal 2016) to 28.7% (fiscal 2022); the current reading is higher than 55% of that period. That is below the Residential Construction industry median of 19.2% and below the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 20.0% | (5.26) |
| FY2024 | 25.3% | 0.29 |
| FY2023 | 25.0% | (3.78) |
| FY2022 | 28.7% | 0.76 |
| FY2021 | 28.0% | 6.24 |
| FY2020 | 21.7% | 2.76 |
| FY2019 | 19.0% | 0.72 |
| FY2018 | 18.3% | 0.34 |
| FY2017 | 17.9% | 0.04 |
| FY2016 | 17.9% | (1.51) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 17.9% | (0.72) |
| Jun 2026 | 18.6% | 0.81 |
| Mar 2026 | 17.8% | 1.10 |
| Dec 2025 | 16.7% | (2.67) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IBP Installed Building Products, Inc. compare | 33.1% |
| GRBK Green Brick Partners, Inc. compare | 29.0% |
| SKY Champion Homes, Inc. compare | 25.5% |
| TOL Toll Brothers Inc. compare | 23.8% |
| CVCO Cavco Industries, Inc. compare | 22.7% |
| MHO M/I Homes, Inc. compare | 21.8% |
| MTH Meritage Homes Corporation | 17.7% |
| KBH KB Home compare | 16.5% |
| NVR NVR, Inc. compare | 0.00% |
| Residential Construction industry median | 19.2% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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