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
Follow MTH
Alert me
Meritage Homes Corporation (MTH) Operating margin
Meritage Homes Corporation's operating margin over the twelve months to 30 September 2026 was 6.78%, down 2.4 percentage points from fiscal 2025 (9.23%). Over the past ten years it has ranged from 7.04% (fiscal 2016) to 20.5% (fiscal 2022); the current reading is higher than 55% of that period. That is below the Residential Construction industry median of 7.50% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 9.23% | (5.76) |
| FY2024 | 15.0% | 0.29 |
| FY2023 | 14.7% | (5.75) |
| FY2022 | 20.5% | 1.61 |
| FY2021 | 18.8% | 7.09 |
| FY2020 | 11.8% | 3.37 |
| FY2019 | 8.38% | 0.65 |
| FY2018 | 7.73% | 0.24 |
| FY2017 | 7.49% | 0.45 |
| FY2016 | 7.04% | (0.97) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 6.79% | (1.40) |
| Jun 2026 | 8.19% | 2.30 |
| Mar 2026 | 5.89% | (0.20) |
| Dec 2025 | 6.09% | (2.35) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| GRBK Green Brick Partners, Inc. compare | 17.4% |
| TOL Toll Brothers Inc. compare | 13.8% |
| IBP Installed Building Products, Inc. compare | 11.8% |
| CVCO Cavco Industries, Inc. compare | 9.54% |
| SKY Champion Homes, Inc. compare | 8.27% |
| MHO M/I Homes, Inc. compare | 8.21% |
| MTH Meritage Homes Corporation | 6.78% |
| KBH KB Home compare | 5.18% |
| NVR NVR, Inc. compare | 0.00% |
| Residential Construction industry median | 7.50% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MTH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- Altman Z-score
- Beneish M-score
- The full statement