Meritage Homes Management
Management criteria checks 2/4
Meritage Homes' CEO is Phillippe Lord, appointed in Jan 2021, has a tenure of 3.92 years. total yearly compensation is $10.84M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth $13.88M. The average tenure of the management team and the board of directors is 6.4 years and 5.6 years respectively.
Key information
Phillippe Lord
Chief executive officer
US$10.8m
Total compensation
| CEO salary percentage | 8.3% |
| CEO tenure | 4yrs |
| CEO ownership | 0.2% |
| Management average tenure | 6.4yrs |
| Board average tenure | 5.6yrs |
Recent management updates
Recent updates
There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding
Dec 18
Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
Dec 14Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?
Dec 05Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues
Nov 07Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Nov 04Is Now An Opportune Moment To Examine Meritage Homes Corporation (NYSE:MTH)?
Oct 18Meritage Homes: Expect Value To Keep Building
Oct 13Returns At Meritage Homes (NYSE:MTH) Are On The Way Up
Oct 03Why Investors Shouldn't Be Surprised By Meritage Homes Corporation's (NYSE:MTH) Low P/E
Sep 16Meritage Homes Corporation: Staying Buy Rated As Demand Outlook Remains Positive
Jul 30Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Jul 27Is It Too Late To Consider Buying Meritage Homes Corporation (NYSE:MTH)?
Jul 11An Intrinsic Calculation For Meritage Homes Corporation (NYSE:MTH) Suggests It's 35% Undervalued
Jun 06Lacklustre Performance Is Driving Meritage Homes Corporation's (NYSE:MTH) Low P/E
May 23We Think Shareholders Will Probably Be Generous With Meritage Homes Corporation's (NYSE:MTH) CEO Compensation
May 10Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile
May 07Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders
Apr 21Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Mar 31Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?
Mar 03Calculating The Fair Value Of Meritage Homes Corporation (NYSE:MTH)
Feb 16Meritage Homes: Amazing Orders Growth With Good Visibility Ahead
Feb 08Investors Will Want Meritage Homes' (NYSE:MTH) Growth In ROCE To Persist
Jan 23Meritage Homes: Initiate Buy On Healthy Demand And Improved Productivity
Nov 27Meritage Homes: A Robust Recovery Is In The Making
Nov 10Meritage Homes: Rating Upgrade As Growth Expected To Accelerate
Sep 05Meritage Homes: Still Appealing Despite Signs Of Further Weakness Ahead
Jul 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$812m |
| Jun 30 2024 | n/a | n/a | US$838m |
| Mar 31 2024 | n/a | n/a | US$793m |
| Dec 31 2023 | US$11m | US$900k | US$739m |
| Sep 30 2023 | n/a | n/a | US$802m |
| Jun 30 2023 | n/a | n/a | US$843m |
| Mar 31 2023 | n/a | n/a | US$906m |
| Dec 31 2022 | US$8m | US$900k | US$992m |
| Sep 30 2022 | n/a | n/a | US$967m |
| Jun 30 2022 | n/a | n/a | US$906m |
| Mar 31 2022 | n/a | n/a | US$823m |
| Dec 31 2021 | US$8m | US$850k | US$737m |
| Sep 30 2021 | n/a | n/a | US$653m |
| Jun 30 2021 | n/a | n/a | US$561m |
| Mar 31 2021 | n/a | n/a | US$484m |
| Dec 31 2020 | US$6m | US$700k | US$423m |
| Sep 30 2020 | n/a | n/a | US$375m |
| Jun 30 2020 | n/a | n/a | US$335m |
| Mar 31 2020 | n/a | n/a | US$295m |
| Dec 31 2019 | US$5m | US$650k | US$250m |
| Sep 30 2019 | n/a | n/a | US$222m |
| Jun 30 2019 | n/a | n/a | US$206m |
| Mar 31 2019 | n/a | n/a | US$209m |
| Dec 31 2018 | US$4m | US$650k | US$227m |
Compensation vs Market: Phillippe's total compensation ($USD10.84M) is above average for companies of similar size in the US market ($USD7.89M).
Compensation vs Earnings: Phillippe's compensation has increased by more than 20% in the past year.
CEO
Phillippe Lord (50 yo)
4yrs
Tenure
US$10,835,643
Compensation
Mr. Phillippe Lord serves as Director at Meritage Homes Corporation since February 17, 2021 and served its President since February 2021 until March 2021. He serves as Executive Vice President of Meritage...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 28yrs | US$3.08m | 1.08% $ 59.8m | |
| Executive VP | 4yrs | US$10.84m | 0.25% $ 13.9m | |
| CFO & Executive VP | 8.8yrs | US$5.47m | 0.12% $ 6.9m | |
| Executive VP & COO | 4yrs | US$6.14m | 0.041% $ 2.3m | |
| Executive VP | 2.8yrs | US$2.74m | no data | |
| Chief People Officer & Executive VP | 9.2yrs | US$1.97m | 0.040% $ 2.2m | |
| Senior VP | 8.8yrs | no data | 0.0048% $ 268.2k | |
| Vice President of Investor Relations & ESG | no data | no data | no data | |
| President of Greenville-South Carolina Division | 7.5yrs | no data | no data | |
| Southern California Division President | 6.4yrs | no data | no data |
6.4yrs
Average Tenure
50yo
Average Age
Experienced Management: MTH's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 28yrs | US$3.08m | 1.08% $ 59.8m | |
| Executive VP | 3.9yrs | US$10.84m | 0.25% $ 13.9m | |
| Lead Independent Director | 24.3yrs | US$355.14k | 0.041% $ 2.3m | |
| Independent Director | 3.1yrs | US$292.64k | 0.010% $ 553.7k | |
| Independent director | 1.6yrs | US$295.77k | no data | |
| Independent Director | 8.8yrs | US$303.89k | 0.061% $ 3.4m | |
| Independent Director | 15.4yrs | US$302.64k | 0.16% $ 9.1m | |
| Independent Director | 13.1yrs | US$305.14k | 0.063% $ 3.5m | |
| Independent Director | 4.8yrs | US$302.64k | 0.029% $ 1.6m | |
| Independent Director | 5.6yrs | US$302.64k | 0.041% $ 2.3m | |
| Independent Director | less than a year | no data | no data |
5.6yrs
Average Tenure
60yo
Average Age
Experienced Board: MTH's board of directors are considered experienced (5.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 23:26 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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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.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Stephen Kim | Barclays |
| John Lovallo | BofA Global Research |