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) Return on invested capital
Meritage Homes Corporation's return on invested capital over the twelve months to 30 September 2026 was 3.51%, down 1.9 percentage points from fiscal 2025 (5.40%). Over the past ten years it has ranged from 5.40% (fiscal 2025) to 19.0% (fiscal 2022) — the current reading is the lowest in ten years. That is below the Residential Construction industry median of 4.98% and in line with the Consumer Cyclical sector median of 3.42%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 5.40% | (4.88) |
| FY2024 | 10.3% | (1.72) |
| FY2023 | 12.0% | (6.97) |
| FY2022 | 19.0% | 2.09 |
| FY2021 | 16.9% | 4.27 |
| FY2020 | 12.6% | 5.42 |
| FY2019 | 7.19% | 0.92 |
| FY2018 | 6.27% | 0.63 |
| FY2017 | 5.64% | 0.10 |
| FY2016 | 5.54% | (0.57) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| CVCO Cavco Industries, Inc. compare | 17.4% |
| IBP Installed Building Products, Inc. compare | 16.4% |
| SKY Champion Homes, Inc. compare | 15.8% |
| GRBK Green Brick Partners, Inc. compare | 10.0% |
| TOL Toll Brothers Inc. compare | 9.08% |
| MHO M/I Homes, Inc. compare | 6.06% |
| KBH KB Home compare | 4.60% |
| MTH Meritage Homes Corporation | 3.51% |
| NVR NVR, Inc. compare | 0.00% |
| Residential Construction industry median | 4.98% |
| Consumer Cyclical sector median | 3.42% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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