Meritage Homes CORP
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MTH Q1 2026 request
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/api/financials?ticker=MTH&year=2026&quarter=1
Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Financial Service | 6,285 | 7,082 | -11.3% |
| Home Building | 1,107,822 | 1,342,104 | -17.5% |
| Land | 9,361 | 15,421 | -39.3% |
| Land · Homebuilding Segment | 2,726 | 930 | +193.1% |
| Land · Homebuilding Segment | 6,635 | 13,800 | -51.9% |
| Land · Homebuilding Segment | 9,361 | 15,421 | -39.3% |
| Real Estate | 1,117,183 | 1,357,525 | -17.7% |
| Real Estate · Homebuilding Segment | 376,300 | 412,537 | -8.8% |
| Real Estate · Homebuilding Segment | 395,339 | 449,931 | -12.1% |
| Real Estate · Homebuilding Segment | 336,183 | 479,636 | -29.9% |
| Real Estate · Homebuilding Segment | 1,107,822 | 1,342,104 | -17.5% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | 379,026 | 413,467 | -8.3% |
| Homebuilding Segment · East [Member] | 401,974 | 463,731 | -13.3% |
| Homebuilding Segment · Operating Segments | 1,117,183 | 1,357,525 | -17.7% |
| Homebuilding Segment · West [Member] | 336,183 | 480,327 | -30.0% |
| Cost of Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Home Building | -914,024 | -1,046,454 | +12.7% |
| Land | -9,630 | -12,256 | +21.4% |
| Real Estate | -923,654 | -1,058,710 | +12.8% |
| Cost of Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Financial Service | -3,623 | -4,192 | +13.6% |
| Land · Homebuilding Segment | -2,670 | -335 | -697.0% |
| Land · Homebuilding Segment | -6,960 | -11,779 | +40.9% |
| Land · Homebuilding Segment | -9,630 | -12,256 | +21.4% |
| Real Estate · Homebuilding Segment | -307,695 | -321,808 | +4.4% |
| Real Estate · Homebuilding Segment | -331,626 | -349,981 | +5.2% |
| Real Estate · Homebuilding Segment | -274,703 | -374,665 | +26.7% |
| Real Estate · Homebuilding Segment | -914,024 | -1,046,454 | +12.7% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | -310,365 | -322,143 | +3.7% |
| Homebuilding Segment · East [Member] | -338,586 | -361,760 | +6.4% |
| Homebuilding Segment · Operating Segments | -923,654 | -1,058,710 | +12.8% |
| Homebuilding Segment · West [Member] | -274,703 | -374,807 | +26.7% |
| Gross Profit (Q) | — | — | — |
Show Product Lines breakouts |
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| Financial Service | 3,493 | 3,563 | -2.0% |
| Home Building | 193,798 | 295,650 | -34.5% |
| Land | -269 | 3,165 | -108.5% |
| Land · Homebuilding Segment | 56 | 595 | -90.6% |
| Land · Homebuilding Segment | -325 | 2,021 | -116.1% |
| Land · Homebuilding Segment | -269 | 3,165 | -108.5% |
| Real Estate | 193,529 | 298,815 | -35.2% |
| Real Estate · Homebuilding Segment | 68,605 | 90,729 | -24.4% |
| Real Estate · Homebuilding Segment | 63,713 | 99,950 | -36.3% |
| Real Estate · Homebuilding Segment | 61,480 | 104,971 | -41.4% |
| Real Estate · Homebuilding Segment | 193,798 | 295,650 | -34.5% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | 68,661 | 91,324 | -24.8% |
| Homebuilding Segment · East [Member] | 63,388 | 101,971 | -37.8% |
| Homebuilding Segment · Operating Segments | 193,529 | 298,815 | -35.2% |
| Homebuilding Segment · West [Member] | 61,480 | 105,520 | -41.7% |
| Income Loss From Equity Method Investments And Other Net (Q) | — | — | — |
Show Product Lines breakouts |
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| Financial Service | 831 | 673 | +23.5% |
| Sales & Marketing | -79,472 | -94,720 | +16.1% |
| General & Administrative | -51,402 | -56,997 | +9.8% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | -11,172 | -12,839 | +13.0% |
| Homebuilding Segment · East [Member] | -16,093 | -18,092 | +11.0% |
| Homebuilding Segment · Operating Segments | -38,116 | -44,384 | +14.1% |
| Homebuilding Segment · West [Member] | -10,851 | -13,453 | +19.3% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -13,286 | -12,613 | -5.3% |
| Interest Expense | -587 | — | — |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -587 | — | — |
| Other Non-Operating Income (Expense) | 6,963 | 9,498 | -26.7% |
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| Material Reconciling Items | 6,963 | 9,498 | -26.7% |
| Income Before Taxes | 72,524 | 160,159 | -54.7% |
| Income Tax Expense (Benefit) | -17,215 | -37,353 | +53.9% |
| Net Income | 55,309 | 122,806 | -55.0% |
Show Equity Components breakouts |
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| Retained Earnings | 55,309 | 122,806 | -55.0% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 656 | 626 | +4.8% |
| EPS (Basic) | 0.82 | 1.71 | -52.0% |
| EPS (Diluted) | 0.82 | 1.69 | -51.5% |
| Wtd Avg Shares (Basic) | 67,367 | 71,915 | -6.3% |
| Wtd Avg Shares (Diluted) | 67,806 | 72,650 | -6.7% |
| Common Stock Dividends Per Share Declared | 0.48 | 0.43 | +11.6% |
| Revenue (Q) | — | — | — |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 12,793 | 10,740 | +19.1% |
| Total Costs & Expenses (Q) | — | — | — |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | -10,886 | -9,859 | -10.4% |
| Operating Income (Q) | — | — | — |
Show Business Segments breakouts |
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| Financial Services [Member] · Operating Segments | 3,493 | 3,563 | -2.0% |
| Homebuilding Segment · Central [Member] | 29,012 | 45,828 | -36.7% |
| Homebuilding Segment · East [Member] | 17,671 | 49,218 | -64.1% |
| Homebuilding Segment · Operating Segments | 75,941 | 159,711 | -52.5% |
| Homebuilding Segment · West [Member] | 29,258 | 64,665 | -54.8% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 766,632 | 1,011,652 | -24.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 46,064 | 47,015 | -2.0% |
| Deferred Tax Assets | 51,211 | 54,145 | -5.4% |
| Total Assets | 7,554,611 | 7,700,218 | -1.9% |
Show Business Segments breakouts |
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| Financial Services [Member] · Operating Segments | 2,888 | 2,183 | +32.3% |
| Homebuilding Segment · Central [Member] | 2,050,606 | 2,029,553 | +1.0% |
| Homebuilding Segment · East [Member] | 2,719,700 | 2,541,742 | +7.0% |
| Homebuilding Segment · West [Member] | 1,864,718 | 1,960,801 | -4.9% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 916,699 | 1,165,939 | -21.4% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 211,476 | 83,597 | +153.0% |
| Operating Lease Right-of-Use Assets | 57,164 | 54,713 | +4.5% |
| Goodwill | 33 | 33 | 0.0% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | 10,247 | 10,247 | 0.0% |
| Homebuilding Segment · East [Member] | 22,715 | 22,715 | 0.0% |
| Other Assets | |||
| Other Receivables | 280,922 | 262,103 | +7.2% |
| Inventory Operative Builders | 5,962,075 | 5,800,954 | +2.8% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 136,008 | 72,234 | +88.3% |
| Deposit Assets | 166,236 | 254,546 | -34.7% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | 60,853 | 99,446 | -38.8% |
| Homebuilding Segment · East [Member] | 78,825 | 124,380 | -36.6% |
| Homebuilding Segment · West [Member] | 26,558 | 30,720 | -13.5% |
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 60,762 | 31,288 | +94.2% |
Show Business Segments breakouts |
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| Homebuilding Segment · Central [Member] | 29,183 | 20,969 | +39.2% |
| Homebuilding Segment · West [Member] | 30,690 | 9,417 | +225.9% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 889 | 902 | -1.4% |
| Prepaid Expense And Other Assets | 220,709 | 238,515 | -7.5% |
| Non-Current Liabilities | |||
| Accounts Payable Current And Noncurrent | 199,943 | 229,845 | -13.0% |
| Accrued Liabilities Current And Noncurrent | 408,718 | 422,711 | -3.3% |
| Total Liabilities | 2,460,842 | 2,505,474 | -1.8% |
| Long-Term Debt (Q) | — | — | — |
Show Long-Term Debt Type breakouts |
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| Loans payable and other borrowings total [Member] | 34,990 | 35,183 | -0.5% |
| Senior Notes | 1,806,284 | 1,800,085 | +0.3% |
| Other Liabilities | |||
| Contract With Customer Liability | 10,907 | 17,650 | -38.2% |
| Other Notes Payable | 34,990 | 35,183 | -0.5% |
| Senior Notes | 1,806,284 | 1,800,085 | +0.3% |
| Stockholders' Equity | |||
| Common Stock | 667 | 718 | -7.1% |
| Retained Earnings | 5,093,102 | 5,090,096 | +0.1% |
| Total Stockholders' Equity | 5,093,769 | 5,194,744 | -1.9% |
Show Equity Components breakouts |
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| Common Stock | 667 | 718 | -7.1% |
| Retained Earnings | 5,093,102 | 5,090,096 | +0.1% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 60,969 | 30,408 | +100.5% |
| Total Liabilities & Equity | 7,554,611 | 7,700,218 | -1.9% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 211,476 | 83,597 | +153.0% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 5,373 | 5,949 | -9.7% |
| Stock-Based Compensation | 5,860 | 6,325 | -7.4% |
| Income Loss From Equity Method Investments | -656 | -626 | -4.8% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Unconsolidated entities | -1,907 | -881 | -116.5% |
| Impairment Of Real Estate | 2,427 | — | — |
Show Subsegments breakouts |
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| Central [Member] | 1,273 | — | — |
| Central [Member] · Real Estate | 1,273 | — | — |
| East [Member] | 1,154 | — | — |
| East [Member] · Real Estate | 1,154 | — | — |
Show Property Plant And Equipment By Type breakouts |
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| Real Estate | 2,427 | — | — |
| Equity Method Investment Dividends Or Distributions | 673 | 588 | +14.5% |
| Other Operating Activities Cash Flow Statement | 2,074 | 489 | +324.1% |
| Change in Inventory | 34,049 | -60,821 | +156.0% |
| Increase Decrease In Deposits Outstanding | 7,389 | -62,179 | +111.9% |
| Increase Decrease In Accounts Receivable And Other Operating Assets | 29,018 | -37,636 | +177.1% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -43,274 | -16,041 | -169.8% |
| Change in Deferred Revenue | 1,694 | -2,863 | +159.2% |
| Net Cash from Operations | 101,309 | -42,576 | +337.9% |
| Investing Activities | |||
| Payments To Acquire Interest In Joint Venture | -3,517 | -5,850 | +39.9% |
| Capital Expenditures | -4,308 | -5,592 | +23.0% |
| Proceeds From Sale Of Property Plant And Equipment | 94 | 29 | +224.1% |
| Net Cash from Investing | -7,731 | -11,413 | +32.3% |
| Financing Activities | |||
| Repayments Of Other Debt | -33 | -2,150 | +98.5% |
| Payments Of Dividends | -32,017 | -30,887 | -3.7% |
| Share Repurchases | -130,000 | -44,999 | -188.9% |
| Net Cash from Financing | -102,103 | 414,086 | -124.7% |
| Supplemental | |||
| Interest Paid | -4,972 | -14,385 | +65.4% |
| Other Cash Flow | |||
| Net Change in Cash | -8,525 | 360,097 | -102.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 766,632 | 1,011,652 | -24.2% |
| Write Offs Of Non Refundable Deposits And Pre Aquisitions Costs | 1,373 | 1,433 | -4.2% |
Show Subsegments breakouts |
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| Central [Member] | 342 | 336 | +1.8% |
| East [Member] | 931 | 535 | +74.0% |
| West [Member] | 100 | 562 | -82.2% |
| Proceeds For Land Under Purchase Options Recorded | 59,947 | — | — |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.