Meritage Homes Past Earnings Performance
Past criteria checks 2/6
Meritage Homes has been growing earnings at an average annual rate of 29.7%, while the Consumer Durables industry saw earnings growing at 24.7% annually. Revenues have been growing at an average rate of 14.1% per year. Meritage Homes's return on equity is 16%, and it has net margins of 12%.
Key information
29.7%
Earnings growth rate
30.8%
EPS growth rate
| Consumer Durables Industry Growth | 24.5% |
| Revenue growth rate | 14.1% |
| Return on equity | 16.0% |
| Net Margin | 12.0% |
| Next Earnings Update | 24 Apr 2024 |
Recent past performance updates
Recent updates
Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders
Apr 21Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
Mar 31
Is 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 Corporation (NYSE:MTH) Looks Inexpensive But Perhaps Not Attractive Enough
Dec 22Meritage Homes: Initiate Buy On Healthy Demand And Improved Productivity
Nov 27Meritage Homes: A Robust Recovery Is In The Making
Nov 10Is Meritage Homes (NYSE:MTH) A Risky Investment?
Nov 01An Intrinsic Calculation For Meritage Homes Corporation (NYSE:MTH) Suggests It's 38% Undervalued
Oct 16Is Now An Opportune Moment To Examine Meritage Homes Corporation (NYSE:MTH)?
Sep 11Meritage Homes: Rating Upgrade As Growth Expected To Accelerate
Sep 05Meritage Homes (NYSE:MTH) Could Become A Multi-Bagger
Jul 24Meritage Homes: Still Appealing Despite Signs Of Further Weakness Ahead
Jul 21These 4 Measures Indicate That Meritage Homes (NYSE:MTH) Is Using Debt Reasonably Well
Jul 10What Does Meritage Homes Corporation's (NYSE:MTH) Share Price Indicate?
Jun 12Is Now The Time To Put Meritage Homes (NYSE:MTH) On Your Watchlist?
May 29Party Time: Brokers Just Made Major Increases To Their Meritage Homes Corporation (NYSE:MTH) Earnings Forecasts
Apr 30Returns on Capital Paint A Bright Future For Meritage Homes (NYSE:MTH)
Apr 25Does Meritage Homes (NYSE:MTH) Have A Healthy Balance Sheet?
Apr 10Is Meritage Homes Corporation (NYSE:MTH) Potentially Undervalued?
Mar 13With EPS Growth And More, Meritage Homes (NYSE:MTH) Makes An Interesting Case
Feb 20Meritage Homes initiates quarterly dividend of $0.27
Feb 16Meritage Homes: Not Enough Upside Post The Recent Rally
Feb 10Meritage Homes GAAP EPS of $7.09 beats by $0.06, revenue of $1.99B beats by $10M
Feb 01Shareholders Would Enjoy A Repeat Of Meritage Homes' (NYSE:MTH) Recent Growth In Returns
Jan 17These 4 Measures Indicate That Meritage Homes (NYSE:MTH) Is Using Debt Reasonably Well
Jan 04Is It Too Late To Consider Buying Meritage Homes Corporation (NYSE:MTH)?
Nov 20Meritage Homes: Look At Its Performance Over The Cycle
Nov 15Things Look Grim For Meritage Homes Corporation (NYSE:MTH) After Today's Downgrade
Nov 05Meritage Homes: Recent Run Up And Lack Of Market Visibility Leave Little Upside
Oct 26Returns On Capital Are A Standout For Meritage Homes (NYSE:MTH)
Oct 05Is Now The Time To Put Meritage Homes (NYSE:MTH) On Your Watchlist?
Sep 18These 4 Measures Indicate That Meritage Homes (NYSE:MTH) Is Using Debt Reasonably Well
Sep 02Meritage Homes Is A Buy Despite Slowing Demand
Aug 31Why Meritage Homes Corporation (NYSE:MTH) Could Be Worth Watching
Aug 04Here's Why We Think Meritage Homes (NYSE:MTH) Is Well Worth Watching
Jun 11Meritage Homes (NYSE:MTH) Seems To Use Debt Quite Sensibly
May 30Shareholders Would Enjoy A Repeat Of Meritage Homes' (NYSE:MTH) Recent Growth In Returns
May 18Meritage Homes Is Too Attractive To Ignore
May 06Calculating The Intrinsic Value Of Meritage Homes Corporation (NYSE:MTH)
May 02Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Meritage Homes makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 6,138 | 739 | 617 | 0 |
| 30 Sep 23 | 6,477 | 802 | 608 | 0 |
| 30 Jun 23 | 6,442 | 843 | 572 | 0 |
| 31 Mar 23 | 6,286 | 906 | 541 | 0 |
| 31 Dec 22 | 6,292 | 992 | 516 | 0 |
| 30 Sep 22 | 5,798 | 967 | 477 | 0 |
| 30 Jun 22 | 5,479 | 906 | 467 | 0 |
| 31 Mar 22 | 5,344 | 823 | 467 | 0 |
| 31 Dec 21 | 5,141 | 737 | 467 | 0 |
| 30 Sep 21 | 5,053 | 653 | 470 | 0 |
| 30 Jun 21 | 4,931 | 561 | 468 | 0 |
| 31 Mar 21 | 4,685 | 484 | 457 | 0 |
| 31 Dec 20 | 4,501 | 423 | 447 | 0 |
| 30 Sep 20 | 4,227 | 375 | 427 | 0 |
| 30 Jun 20 | 4,029 | 335 | 414 | 0 |
| 31 Mar 20 | 3,860 | 295 | 402 | 0 |
| 31 Dec 19 | 3,667 | 250 | 393 | 0 |
| 30 Sep 19 | 3,539 | 222 | 387 | 0 |
| 30 Jun 19 | 3,482 | 206 | 383 | 0 |
| 31 Mar 19 | 3,494 | 209 | 383 | 0 |
| 31 Dec 18 | 3,529 | 227 | 380 | 0 |
| 30 Sep 18 | 3,466 | 187 | 371 | 0 |
| 30 Jun 18 | 3,387 | 176 | 362 | 0 |
| 31 Mar 18 | 3,311 | 164 | 351 | 0 |
| 31 Dec 17 | 3,241 | 143 | 346 | 0 |
| 30 Sep 17 | 3,175 | 160 | 342 | 0 |
| 30 Jun 17 | 3,121 | 154 | 340 | 0 |
| 31 Mar 17 | 3,117 | 152 | 341 | 0 |
| 31 Dec 16 | 3,042 | 150 | 339 | 0 |
| 30 Sep 16 | 2,942 | 151 | 324 | 0 |
| 30 Jun 16 | 2,859 | 144 | 315 | 0 |
| 31 Mar 16 | 2,658 | 133 | 303 | 0 |
| 31 Dec 15 | 2,579 | 129 | 301 | 0 |
| 30 Sep 15 | 2,497 | 125 | 300 | 0 |
| 30 Jun 15 | 2,383 | 127 | 292 | 0 |
| 31 Mar 15 | 2,291 | 133 | 280 | 0 |
| 31 Dec 14 | 2,180 | 142 | 261 | 0 |
| 30 Sep 14 | 2,016 | 139 | 244 | 0 |
| 30 Jun 14 | 1,950 | 145 | 232 | 0 |
| 31 Mar 14 | 1,894 | 138 | 225 | 0 |
| 31 Dec 13 | 1,821 | 124 | 218 | 0 |
| 30 Sep 13 | 1,648 | 174 | 202 | 0 |
| 30 Jun 13 | 1,497 | 142 | 189 | 0 |
Quality Earnings: MTH has high quality earnings.
Growing Profit Margin: MTH's current net profit margins (12%) are lower than last year (15.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MTH's earnings have grown significantly by 29.7% per year over the past 5 years.
Accelerating Growth: MTH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MTH had negative earnings growth (-25.5%) over the past year, making it difficult to compare to the Consumer Durables industry average (-10.7%).
Return on Equity
High ROE: MTH's Return on Equity (16%) is considered low.