Meritage Homes Corporation

NYSE:MTH Stock Report

Market Cap: US$5.5b

Meritage Homes Past Earnings Performance

Past criteria checks 4/6

Meritage Homes has been growing earnings at an average annual rate of 17.5%, while the Consumer Durables industry saw earnings growing at 17.1% annually. Revenues have been growing at an average rate of 11.1% per year. Meritage Homes's return on equity is 15.3%, and it has net margins of 12.3%.

Key information

17.5%

Earnings growth rate

18.4%

EPS growth rate

Consumer Durables Industry Growth24.5%
Revenue growth rate11.1%
Return on equity15.3%
Net Margin12.3%
Last Earnings Update31 Dec 2024

Recent past performance updates

Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues

Nov 07
Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues

Recent updates

Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet

Feb 05
Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet

Meritage Homes: Strong Execution And Resilient Demand Fuel Growth

Feb 05

There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding

Dec 18
There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding

Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place

Dec 14

Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?

Dec 05
Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?

Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues

Nov 07
Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues

Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Nov 04
Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Is Now An Opportune Moment To Examine Meritage Homes Corporation (NYSE:MTH)?

Oct 18
Is Now An Opportune Moment To Examine Meritage Homes Corporation (NYSE:MTH)?

Meritage Homes: Expect Value To Keep Building

Oct 13

Returns At Meritage Homes (NYSE:MTH) Are On The Way Up

Oct 03
Returns At Meritage Homes (NYSE:MTH) Are On The Way Up

Why Investors Shouldn't Be Surprised By Meritage Homes Corporation's (NYSE:MTH) Low P/E

Sep 16
Why Investors Shouldn't Be Surprised By Meritage Homes Corporation's (NYSE:MTH) Low P/E

Meritage Homes Corporation: Staying Buy Rated As Demand Outlook Remains Positive

Jul 30

Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Jul 27
Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Is It Too Late To Consider Buying Meritage Homes Corporation (NYSE:MTH)?

Jul 11
Is It Too Late To Consider Buying Meritage Homes Corporation (NYSE:MTH)?

An Intrinsic Calculation For Meritage Homes Corporation (NYSE:MTH) Suggests It's 35% Undervalued

Jun 06
An Intrinsic Calculation For Meritage Homes Corporation (NYSE:MTH) Suggests It's 35% Undervalued

Lacklustre Performance Is Driving Meritage Homes Corporation's (NYSE:MTH) Low P/E

May 23
Lacklustre Performance Is Driving Meritage Homes Corporation's (NYSE:MTH) Low P/E

We Think Shareholders Will Probably Be Generous With Meritage Homes Corporation's (NYSE:MTH) CEO Compensation

May 10
We Think Shareholders Will Probably Be Generous With Meritage Homes Corporation's (NYSE:MTH) CEO Compensation

Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile

May 07

Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders

Apr 21

Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Mar 31
Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?

Mar 03
Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?

Calculating The Fair Value Of Meritage Homes Corporation (NYSE:MTH)

Feb 16
Calculating The Fair Value Of Meritage Homes Corporation (NYSE:MTH)

Meritage Homes: Amazing Orders Growth With Good Visibility Ahead

Feb 08

Meritage Homes: Initiate Buy On Healthy Demand And Improved Productivity

Nov 27

Meritage Homes: A Robust Recovery Is In The Making

Nov 10

Meritage Homes: Rating Upgrade As Growth Expected To Accelerate

Sep 05

Meritage Homes: Still Appealing Despite Signs Of Further Weakness Ahead

Jul 21

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NYSE:MTH Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 246,3957866400
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: MTH has high quality earnings.

Growing Profit Margin: MTH's current net profit margins (12.3%) are higher than last year (12%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MTH's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: MTH's earnings growth over the past year (6.4%) is below its 5-year average (17.5% per year).

Earnings vs Industry: MTH earnings growth over the past year (6.4%) exceeded the Consumer Durables industry 5.7%.

Return on Equity

High ROE: MTH's Return on Equity (15.3%) 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 Analysis2025/02/07 11:09
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Meritage Homes Corporation is covered by 30 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