Meritage Homes financials
$63.90−1.69%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.86B | $6.40B | $6.14B | $6.29B | $5.14B | $4.48B | $3.65B | $3.53B | $3.25B | $3.06B |
| Gross profit | $1.15B | $1.60B | $1.52B | $1.80B | $1.43B | $959.6M | $679.6M | $637.9M | $588.6M | $553.1M |
| Gross margin | 19.7% | 25.0% | 24.8% | 28.6% | 27.8% | 21.4% | 18.6% | 18.1% | 18.1% | 18.1% |
| Operating income | $537.5M | $960.4M | $903.0M | $1.28B | $962.5M | $512.7M | $286.8M | $257.5M | $242.9M | $214.2M |
| Net income | $453.0M | $786.2M | $738.7M | $992.2M | $737.4M | $423.5M | $249.7M | $227.3M | $143.3M | $149.5M |
| Net margin | 7.7% | 12.3% | 12.0% | 15.8% | 14.3% | 9.4% | 6.8% | 6.4% | 4.4% | 4.9% |
| Diluted EPS | $6.35 | $10.72 | $9.96 | $13.37 | $9.64 | $5.50 | $3.21 | $2.79 | $1.71 | $1.77 |
| EBITDA | $562.8M | $986.4M | $928.4M | $1.31B | $988.7M | $543.7M | $314.7M | $284.5M | $259.6M | $230.2M |
| Operating cash flow | $118.3M | -$227.6M | $355.6M | $394.8M | -$120.1M | $539.8M | $346.4M | $249.8M | -$108.5M | -$105.7M |
| Free cash flow | $92.6M | -$256.2M | $317.4M | $367.8M | -$145.8M | $519.9M | $322.0M | $216.3M | -$126.6M | -$122.4M |
| Diluted shares | 71.3M | 73.3M | 74.1M | 74.2M | 76.5M | 77.0M | 77.8M | 81.5M | 84.5M | 85.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $775.2M | $651.6M | $921.2M | $861.6M | $618.3M | $745.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $1.83B | $1.34B | $1.01B | $1.15B | $1.16B | $1.02B |
| Total assets | $7.62B | $7.16B | $6.35B | $5.77B | $4.81B | $3.86B |
| Total liabilities | $2.43B | $2.02B | $1.74B | $1.82B | $1.76B | $1.52B |
| Shareholders' equity | $5.20B | $5.14B | $4.61B | $3.95B | $3.04B | $2.35B |
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