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) Net margin

Alert me on Net margin

Meritage Homes Corporation's net margin over the twelve months to 30 September 2026 was 5.79%, down 1.9 percentage points from fiscal 2025 (7.73%). Over the past ten years it has ranged from 4.42% (fiscal 2017) to 15.8% (fiscal 2022); the current reading is higher than 55% of that period. That is below the Residential Construction industry median of 6.72% and above the Consumer Cyclical sector median of 2.12%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 7.73% (4.56)
FY2024 12.3% 0.25
FY2023 12.0% (3.73)
FY2022 15.8% 1.43
FY2021 14.3% 4.93
FY2020 9.41% 2.60
FY2019 6.81% 0.37
FY2018 6.44% 2.02
FY2017 4.42% (0.50)
FY2016 4.92% (0.07)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 5.76% (0.67)
Jun 2026 6.43% 1.51
Mar 2026 4.92% (0.93)
Dec 2025 5.85% (1.12)
43 more quarters

Against its own ten years

Low 4.42% High 15.8%
Ten-year median 7.73%
Current reading's percentile 28

Net margin against peers

Company Net margin
GRBK Green Brick Partners, Inc. compare 13.6%
NVR NVR, Inc. compare 11.2%
TOL Toll Brothers Inc. compare 11.1%
IBP Installed Building Products, Inc. compare 7.87%
CVCO Cavco Industries, Inc. compare 7.68%
SKY Champion Homes, Inc. compare 6.84%
MHO M/I Homes, Inc. compare 6.59%
MTH Meritage Homes Corporation 5.79%
KBH KB Home compare 4.37%
Residential Construction industry median 6.72%
Consumer Cyclical sector median 2.12%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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