Meritage Homes financials
$63.90−1.69%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.12B | $1.44B | $1.42B | $1.63B | $1.36B | $1.62B | $1.60B | $1.70B | $1.47B | $1.68B | $1.61B |
| Gross profit | $257.8M | $193.5M | $233.4M | $271.6M | $345.4M | $298.8M | $382.4M | $396.3M | $447.8M | $377.3M | $428.8M | $429.8M |
| Gross margin | 18.3% | 17.3% | 16.3% | 19.1% | 21.1% | 22.0% | 23.6% | 24.8% | 26.3% | 25.7% | 25.5% | 26.6% |
| Operating income | $113.6M | $62.7M | $84.5M | $120.1M | $181.4M | $147.1M | $209.7M | $239.3M | $286.0M | $225.0M | $252.7M | $267.6M |
| Net income | $90.6M | $55.3M | $84.0M | $99.3M | $146.9M | $122.8M | $172.6M | $196.0M | $231.6M | $186.0M | $198.9M | $221.8M |
| Net margin | 6.4% | 5.0% | 5.9% | 7.0% | 9.0% | 9.0% | 10.6% | 12.3% | 13.6% | 12.6% | 11.8% | 13.7% |
| Diluted EPS | $1.37 | $0.82 | $1.21 | $1.39 | $2.04 | $1.69 | $2.37 | $2.67 | $3.15 | $2.53 | $1.07 | $2.99 |
| EBITDA | $119.7M | $68.0M | $91.2M | $126.1M | $188.0M | $153.0M | $216.3M | $245.8M | $292.8M | $231.0M | $252.7M | $274.0M |
| Operating cash flow | $189.5M | $101.3M | $243.7M | -$96.5M | $13.7M | -$42.6M | -$99.6M | -$92.0M | -$117.9M | $81.9M | -$68.4M | $104.2M |
| Free cash flow | $183.9M | $97.0M | $238.1M | -$104.3M | $6.9M | -$48.2M | -$107.0M | -$100.0M | -$124.8M | $75.7M | -$75.4M | $94.1M |
| Diluted shares | 66.1M | 67.8M | 69.7M | 71.2M | 71.9M | 72.7M | 73.0M | 73.3M | 73.4M | 73.6M | 185.2M | 74.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $807.3M | $766.6M | $775.2M | $728.9M | $930.5M | $1.01B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $1.85B | $1.84B | $1.83B | $1.83B | $1.83B | $1.84B |
| Total assets | $7.55B | $7.55B | $7.62B | $7.76B | $7.76B | $7.70B |
| Total liabilities | $2.50B | $2.46B | $2.43B | $2.47B | $2.49B | $2.51B |
| Shareholders' equity | $5.06B | $5.09B | $5.20B | $5.29B | $5.27B | $5.19B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology