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) Price to free cash flow

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As of 5 November 2026, Meritage Homes Corporation (MTH) trades at a price to free cash flow of 9.5×. Over the past ten years it has ranged from 0.0× (December 2025) to 238× (July 2018); the current reading is higher than 80% of that period. That is below the Residential Construction industry median of 21.3× and below the Consumer Cyclical sector median of 12.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 50.2× —
FY2024 0.0× —
FY2023 19.7× 117.69%
FY2022 9.0× —
FY2021 0.0× —
FY2020 6.1× (15.26%)
FY2019 7.2× 12.08%
FY2018 6.4× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 8.4× (36.79%)
Jun 2026 13.3× (24.05%)
Mar 2026 17.5× (65.14%)
Dec 2025 50.2× —
43 more quarters

Against its own ten years

Low 0.0× High 238×
Ten-year median 0.0×
Current reading's percentile 80

Price to free cash flow against peers

Company Price to free cash flow
MTH Meritage Homes Corporation 9.5×
TOL Toll Brothers Inc. compare 13.4×
NVR NVR, Inc. compare 20.9×
CVCO Cavco Industries, Inc. compare 21.3×
SKY Champion Homes, Inc. compare 21.9×
MHO M/I Homes, Inc. compare 23.3×
IBP Installed Building Products, Inc. compare 23.7×
GRBK Green Brick Partners, Inc. compare 40.6×
KBH KB Home compare 110×
Residential Construction industry median 21.3×
Consumer Cyclical sector median 12.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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