Meritage Homes Corporation

DB:MEY Stock Report

Market Cap: €5.4b

Meritage Homes Past Earnings Performance

Past criteria checks 3/6

Meritage Homes has been growing earnings at an average annual rate of 21%, while the Consumer Durables industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 12.2% per year. Meritage Homes's return on equity is 16.2%, and it has net margins of 12.6%.

Key information

21.0%

Earnings growth rate

21.8%

EPS growth rate

Consumer Durables Industry Growth-22.9%
Revenue growth rate12.2%
Return on equity16.2%
Net Margin12.6%
Next Earnings Update29 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Meritage Homes makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:MEY Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 246,4348126430
30 Jun 246,4568386480
31 Mar 246,3287936390
31 Dec 236,1387396170
30 Sep 236,4778026080
30 Jun 236,4428435720
31 Mar 236,2869065410
31 Dec 226,2929925160
30 Sep 225,7989674770
30 Jun 225,4799064670
31 Mar 225,3448234670
31 Dec 215,1417374670
30 Sep 215,0536534700
30 Jun 214,9315614680
31 Mar 214,6854844570
31 Dec 204,5014234470
30 Sep 204,2273754270
30 Jun 204,0293354140
31 Mar 203,8602954020
31 Dec 193,6672503930
30 Sep 193,5392223870
30 Jun 193,4822063830
31 Mar 193,4942093830
31 Dec 183,5292273800
30 Sep 183,4661873710
30 Jun 183,3871763620
31 Mar 183,3111643510
31 Dec 173,2411433460
30 Sep 173,1751603420
30 Jun 173,1211543400
31 Mar 173,1171523410
31 Dec 163,0421503390
30 Sep 162,9421513240
30 Jun 162,8591443150
31 Mar 162,6581333030
31 Dec 152,5791293010
30 Sep 152,4971253000
30 Jun 152,3831272920
31 Mar 152,2911332800
31 Dec 142,1801422610
30 Sep 142,0161392440
30 Jun 141,9501452320
31 Mar 141,8941382250

Quality Earnings: MEY has a high level of non-cash earnings.

Growing Profit Margin: MEY's current net profit margins (12.6%) are higher than last year (12.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MEY's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: MEY's earnings growth over the past year (1.3%) is below its 5-year average (21% per year).

Earnings vs Industry: MEY earnings growth over the past year (1.3%) exceeded the Consumer Durables industry -4.7%.

Return on Equity

High ROE: MEY's Return on Equity (16.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 12:33
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Meritage Homes Corporation is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Stephen KimBarclays
John LovalloBofA Global Research