Meritage Homes CORP
MTHAPI behind this page
MTH FY 2025 request
Playground key active
/api/financials?ticker=MTH&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue (FY) | — | — | — |
Show Product Lines breakouts |
|||
| Financial Service | 33,202 | 31,163 | +6.5% |
| Home Building | 5,763,597 | 6,341,546 | -9.1% |
| Land | 60,838 | 22,326 | +172.5% |
| Land · Homebuilding | 22,656 | 6,017 | +276.5% |
| Land · Homebuilding | 30,220 | 16,309 | +85.3% |
| Land · Homebuilding | 60,838 | 22,326 | +172.5% |
| Land · Homebuilding | 7,962 | — | — |
| Real Estate | 5,824,435 | 6,363,872 | -8.5% |
| Real Estate · Homebuilding | 1,835,691 | 2,015,621 | -8.9% |
| Real Estate · Homebuilding | 2,098,474 | 2,102,049 | -0.2% |
| Real Estate · Homebuilding | 1,829,432 | 2,223,876 | -17.7% |
| Real Estate · Homebuilding | 5,763,597 | 6,341,546 | -9.1% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | 1,858,347 | 2,021,638 | -8.1% |
| Homebuilding · East | 2,128,694 | 2,118,358 | +0.5% |
| Homebuilding · Operating Segments | 5,824,435 | 6,363,872 | -8.5% |
| Homebuilding · West | 1,837,394 | 2,223,876 | -17.4% |
| Cost of Revenue (FY) | — | — | — |
Show Product Lines breakouts |
|||
| Home Building | -4,627,405 | -4,761,703 | +2.8% |
| Land | -59,026 | -18,309 | -222.4% |
| Real Estate | -4,686,431 | -4,780,012 | +2.0% |
| Cost of Revenue (FY) | — | — | — |
Show Product Lines breakouts |
|||
| Financial Service | -17,562 | -14,657 | -19.8% |
| Land · Homebuilding | -23,945 | -4,149 | -477.1% |
| Land · Homebuilding | -27,547 | -14,160 | -94.5% |
| Land · Homebuilding | -59,026 | -18,309 | -222.4% |
| Land · Homebuilding | -7,534 | — | — |
| Real Estate · Homebuilding | -1,451,785 | -1,492,243 | +2.7% |
| Real Estate · Homebuilding | -1,714,307 | -1,553,604 | -10.3% |
| Real Estate · Homebuilding | -1,461,313 | -1,715,856 | +14.8% |
| Real Estate · Homebuilding | -4,627,405 | -4,761,703 | +2.8% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | -1,475,730 | -1,496,392 | +1.4% |
| Homebuilding · East | -1,741,854 | -1,567,764 | -11.1% |
| Homebuilding · Operating Segments | -4,686,431 | -4,780,012 | +2.0% |
| Homebuilding · West | -1,468,847 | -1,715,856 | +14.4% |
| Gross Profit (FY) | — | — | — |
Show Product Lines breakouts |
|||
| Financial Service | 18,618 | 14,410 | +29.2% |
| Home Building | 1,136,192 | 1,579,843 | -28.1% |
| Land | 1,812 | 4,017 | -54.9% |
| Land · Homebuilding | -1,289 | 1,868 | -169.0% |
| Land · Homebuilding | 2,673 | 2,149 | +24.4% |
| Land · Homebuilding | 1,812 | 4,017 | -54.9% |
| Land · Homebuilding | 428 | — | — |
| Real Estate | 1,138,004 | 1,583,860 | -28.1% |
| Real Estate · Homebuilding | 383,906 | 523,378 | -26.6% |
| Real Estate · Homebuilding | 384,167 | 548,445 | -30.0% |
| Real Estate · Homebuilding | 368,119 | 508,020 | -27.5% |
| Real Estate · Homebuilding | 1,136,192 | 1,579,843 | -28.1% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | 382,617 | 525,246 | -27.2% |
| Homebuilding · East | 386,840 | 550,594 | -29.7% |
| Homebuilding · Operating Segments | 1,138,004 | 1,583,860 | -28.1% |
| Homebuilding · West | 368,547 | 508,020 | -27.5% |
| Income Loss From Equity Method Investments And Other Net (FY) | — | — | — |
Show Product Lines breakouts |
|||
| Financial Service | 2,978 | -2,096 | +242.1% |
| Sales & Marketing | -404,405 | -409,069 | +1.1% |
| General & Administrative | -211,762 | -230,856 | +8.3% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | -49,924 | -50,309 | +0.8% |
| Homebuilding · East | -70,713 | -61,047 | -15.8% |
| Homebuilding · Operating Segments | -171,581 | -164,193 | -4.5% |
| Homebuilding · West | -50,944 | -52,837 | +3.6% |
Show Consolidation Items breakouts |
|||
| Corporate Non Segment | -40,181 | -66,663 | +39.7% |
| Other Non-Operating Income (Expense) | 44,145 | 45,156 | -2.2% |
Show Consolidation Items breakouts |
|||
| Material Reconciling Items | 44,145 | 45,156 | -2.2% |
| Gains Losses On Extinguishment Of Debt (FY) | — | — | — |
Show Debt Instrument breakouts |
|||
| 6.00% senior notes due 2025 [Member] | 0.6 | 0.9 | -33.3% |
| Income Before Taxes | 584,600 | 1,002,870 | -41.7% |
| Income Tax Expense (Benefit) | -131,587 | -216,684 | +39.3% |
| Net Income | 453,013 | 786,186 | -42.4% |
Show Equity Components breakouts |
|||
| Retained Earnings | 453,013 | 786,186 | -42.4% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 3,973 | 9,225 | -56.9% |
| EPS (Basic) | 6.4 | 10.85 | -41.0% |
| EPS (Diluted) | 6.35 | 10.72 | -40.8% |
| Wtd Avg Shares (Basic) | 70,819 | 72,476 | -2.3% |
| Wtd Avg Shares (Diluted) | 71,348 | 73,332 | -2.7% |
| Revenue (FY) | — | — | — |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 58,333 | 60,460 | -3.5% |
| Total Costs & Expenses (FY) | — | — | — |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | -41,000 | -41,559 | +1.3% |
| Operating Income (FY) | — | — | — |
Show Business Segments breakouts |
|||
| Financial Services [Member] · Operating Segments | 18,618 | 14,410 | +29.2% |
| Homebuilding · Central | 192,579 | 332,452 | -42.1% |
| Homebuilding · East | 162,244 | 346,356 | -53.2% |
| Homebuilding · Operating Segments | 562,018 | 1,010,598 | -44.4% |
| Homebuilding · West | 207,195 | 331,790 | -37.6% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 775,157 | 651,555 | +19.0% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 46,647 | 47,285 | -1.3% |
| Deferred Tax Assets | 53,293 | 54,524 | -2.3% |
| Total Assets | 7,622,287 | 7,162,654 | +6.4% |
Show Business Segments breakouts |
|||
| Financial Services [Member] · Operating Segments | 2,342 | 3,049 | -23.2% |
| Homebuilding · Central | 2,084,358 | 1,934,954 | +7.7% |
| Homebuilding · East | 2,684,316 | 2,473,356 | +8.5% |
| Homebuilding · West | 1,874,406 | 1,930,284 | -2.9% |
Show Consolidation Items breakouts |
|||
| Corporate Non Segment | 976,865 | 821,011 | +19.0% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 191,430 | 78,163 | +144.9% |
| Operating Lease Right-of-Use Assets | 56,985 | 52,941 | +7.6% |
| Goodwill | 33 | 32,962 | -99.9% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | 10,247 | 10,247 | 0.0% |
| Homebuilding · East | 22,715 | 22,715 | 0.0% |
| Other Assets | |||
| Other Receivables | 306,956 | 256,282 | +19.8% |
| Inventory Operative Builders | 5,987,120 | 5,728,775 | +4.5% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 181,166 | 66,443 | +172.7% |
| Deposit Assets | 174,170 | 192,405 | -9.5% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | 61,686 | 32,200 | +91.6% |
| Homebuilding · East | 86,329 | 130,026 | -33.6% |
| Homebuilding · West | 26,155 | 30,179 | -13.3% |
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 57,268 | 28,735 | +99.3% |
Show Business Segments breakouts |
|||
| Homebuilding · Central | 27,734 | 18,816 | +47.4% |
| Homebuilding · West | 28,631 | 9,062 | +215.9% |
Show Consolidation Items breakouts |
|||
| Corporate Non Segment | 903 | 857 | +5.4% |
| Prepaid Expense And Other Assets | 221,676 | 203,093 | +9.1% |
| Non-Current Liabilities | |||
| Accounts Payable Current And Noncurrent | 200,679 | 212,477 | -5.6% |
| Accrued Liabilities Current And Noncurrent | 387,698 | 452,213 | -14.3% |
| Total Liabilities | 2,426,644 | 2,021,081 | +20.1% |
| Long-Term Debt (Q) | — | — | — |
Show Long-Term Debt Type breakouts |
|||
| Loans payable and other borrowings total [Member] | 24,328 | 29,343 | -17.1% |
| Notes Payable Other Payables | 24,328 | 29,343 | -17.1% |
| Senior Notes | 1,804,726 | 1,306,535 | +38.1% |
| Other Liabilities | |||
| Contract With Customer Liability | 9,213 | 20,513 | -55.1% |
| Other Notes Payable | 24,328 | 29,343 | -17.1% |
| Senior Notes | 1,804,726 | 1,306,535 | +38.1% |
| Stockholders' Equity | |||
| Common Stock | 682 | 360 | +89.4% |
| Retained Earnings | 5,194,961 | 4,998,177 | +3.9% |
| Total Stockholders' Equity | 5,195,643 | 5,141,573 | +1.1% |
Show Equity Components breakouts |
|||
| Common Stock | 682 | 360 | +89.4% |
| Retained Earnings | 5,194,961 | 4,998,177 | +3.9% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 57,268 | 27,735 | +106.5% |
| Total Liabilities & Equity | 7,622,287 | 7,162,654 | +6.4% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
|||
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 191,430 | 78,163 | +144.9% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 25,285 | 25,959 | -2.6% |
| Stock-Based Compensation | 19,683 | 25,809 | -23.7% |
| Income Loss From Equity Method Investments | -3,973 | -9,225 | +56.9% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
|||
| Meritage Homes | -17,333 | -18,901 | +8.3% |
| Equity Method Investment Dividends Or Distributions | 4,143 | 7,461 | -44.5% |
| Other Operating Activities Cash Flow Statement | 1,332 | 7,758 | -82.8% |
| Change in Inventory | -274,052 | -979,254 | +72.0% |
| Increase Decrease In Deposits Outstanding | -5,708 | -81,354 | +93.0% |
| Increase Decrease In Accounts Receivable And Other Operating Assets | -55,265 | 39,776 | -238.9% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -92,370 | -41,933 | -120.3% |
| Change in Deferred Revenue | -11,300 | -16,092 | +29.8% |
| Net Cash from Operations | 118,288 | -227,576 | +152.0% |
| Deferred Income Taxes | 969 | 9,555 | -89.9% |
| Investing Activities | |||
| Payments To Acquire Interest In Joint Venture | -32,728 | -18,545 | -76.5% |
| Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital | 500 | 2,867 | -82.6% |
| Capital Expenditures | -25,722 | -28,658 | +10.2% |
| Proceeds From Sale Of Property Plant And Equipment | 251 | 262 | -4.2% |
| Proceeds From Sale And Maturity Of Held To Maturity Securities | 1,750 | 750 | +133.3% |
| Payments To Acquire Held To Maturity Securities | -1,750 | -750 | -133.3% |
| Net Cash from Investing | -57,699 | -44,074 | -30.9% |
| Financing Activities | |||
| Repayments Of Other Debt | -13,005 | -8,933 | -45.6% |
| Proceeds From Issuance Of Senior Long Term Debt | 497,195 | 575,000 | -13.5% |
| Payments Of Dividends | -121,072 | -108,590 | -11.5% |
| Debt Issuance Costs | -5,106 | -17,082 | +70.1% |
| Share Repurchases | -294,999 | -125,932 | -134.3% |
| Net Cash from Financing | 63,013 | 1,978 | +3085.7% |
| Supplemental | |||
| Income Taxes Paid | 154,230 | 208,516 | -26.0% |
| Other Cash Flow | |||
| Net Change in Cash | 123,602 | -269,672 | +145.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 775,157 | 651,555 | +19.0% |
| Impairment Of Real Estate | 18,118 | — | — |
Show Subsegments breakouts |
|||
| Central | 7,139 | — | — |
| Central · Land | 1,442 | — | — |
| Central · Real Estate | 5,697 | — | — |
| East | 10,237 | — | — |
| East · Land | 144 | — | — |
| East · Real Estate | 10,093 | — | — |
| West | 742 | — | — |
| West · Real Estate | 742 | — | — |
Show Property Plant And Equipment By Type breakouts |
|||
| Land | 1,586 | — | — |
| Real Estate | 16,532 | — | — |
| Write Offs Of Non Refundable Deposits And Pre Aquisitions Costs | 39,382 | 6,702 | +487.6% |
Show Subsegments breakouts |
|||
| Central | 5,204 | 1,562 | +233.2% |
| East | 25,579 | 2,662 | +860.9% |
| West | 8,599 | 2,478 | +247.0% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.