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Meritage Corporation

Consumer Cyclical US MTH

67.13USD
-0.9(1.32%)

Last update at 2026-03-10T20:00:00Z

Day Range

66.7568.81
LowHigh

52 Week Range

88.06178.82
LowHigh

Fundamentals

  • Previous Close 68.03
  • Market Cap6324.79M
  • Volume982195
  • P/E Ratio8.02
  • Dividend Yield0.62%
  • EBITDA1020.10M
  • Revenue TTM6476.61M
  • Revenue Per Share TTM176.72
  • Gross Profit TTM 1803.10M
  • Diluted EPS TTM21.64

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1289.32M 954.83M 533.57M 302.94M 283.25M
Minority interest - - - - -
Net income 992.19M 737.44M 423.48M 249.66M 227.33M
Selling general administrative 192.98M 181.45M 159.02M 146.09M 138.48M
Selling and marketing expenses 323.27M 285.40M 287.90M 246.73M 241.90M
Gross profit 1802.89M 1435.33M 976.00M 700.19M 653.20M
Reconciled depreciation 24.75M 26.25M 31.05M 27.92M 26.97M
Ebit 1289.36M 973.34M 535.74M 316.95M 284.04M
Ebitda 1314.11M 999.59M 566.79M 344.87M 311.00M
Depreciation and amortization 24.75M 26.25M 31.05M 27.92M 26.97M
Non operating income net other 2.71M -13.32400M 6.66M 3.94M 26.95M
Operating income 1289.36M 973.34M 535.74M 316.95M 284.04M
Other operating expenses 5011.51M 4178.85M 3977.22M 3370.47M 3271.09M
Interest expense 0.04M 0.32M 2.18M 8.37M 0.79M
Tax provision 297.13M 217.39M 110.09M 53.28M 55.92M
Interest income - - - - -
Net interest income -0.04100M -0.31800M -2.17700M -8.37000M -0.78500M
Extraordinary items - - - 0.00000M 2.74M
Non recurring - - - - -
Other items - - - - -
Income tax expense 297.13M 217.39M 110.09M 53.28M 55.92M
Total revenue 6298.15M 5147.33M 4506.31M 3677.84M 3543.92M
Total operating expenses 516.25M 466.85M 446.92M 392.82M 380.38M
Cost of revenue 4495.26M 3712.00M 3530.30M 2977.65M 2890.72M
Total other income expense net -0.04100M -18.50600M -2.17700M -14.00500M -0.78500M
Discontinued operations - - - - -
Net income from continuing ops 992.19M 737.44M 423.48M 249.66M 227.33M
Net income applicable to common shares 992.19M 737.44M 423.48M 249.66M 227.33M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 5772.10M 4807.53M 3864.40M 3398.25M 3365.48M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 241.42M 215.46M 59.53M -2693.46000M 51.41M
Total liab 1822.49M 1763.14M 1516.53M 1424.26M 1644.72M
Total stockholder equity 3949.61M 3044.39M 2347.87M 1973.99M 1720.76M
Deferred long term liab 3.80M 3.60M 4.70M 3.30M 3.60M
Other current liab 360.62M 337.28M 267.87M 191.78M 177.86M
Common stock 0.37M 0.37M 0.38M 0.38M 0.38M
Capital stock 0.37M 0.37M 0.38M 0.38M 0.38M
Retained earnings 3621.37M 2629.18M 1891.73M 1468.26M 1218.59M
Other liab 37.96M 49.82M 25.07M 24.25M 28.64M
Good will 164.69M 124.78M 103.31M 114.06M 32.96M
Other assets 4434.99M 3833.10M 2976.54M 29.22M 30.07M
Cash 861.56M 618.34M 745.62M 319.47M 311.47M
Cash and equivalents 861.56M 618.34M 745.62M 319.47M 311.47M
Total current liabilities 671.84M 595.90M 496.44M 405.28M 334.67M
Current deferred revenue 37.96M 42.61M 25.07M 24.25M 28.64M
Net debt 289.09M 541.70M 274.46M 699.51M 998.59M
Short term debt 0.00000M 0.00000M 28.25M 34.23M 5.38M
Short long term debt - - - 16.02M 5.38M
Short long term debt total 1150.65M 1160.04M 1020.09M 1018.98M 1310.06M
Other stockholder equity 327.88M 414.84M 455.76M 505.35M 501.78M
Property plant equipment 38.63M 37.34M 38.93M 50.61M 54.60M
Total current assets 5676.26M 4715.75M 3681.77M 458.86M 3182.78M
Long term investments 11.75M 5.76M 4.35M 4.44M 17.48M
Net tangible assets 3949.61M 3044.39M 2347.87M 1973.99M 1720.76M
Short term investments 11.75M 5.76M - - -
Net receivables 215.02M 147.55M 98.57M 88.49M 77.28M
Long term debt 1150.65M 1160.04M 1020.09M 1018.98M 1310.06M
Inventory 4358.26M 3734.41M 2778.04M 2744.36M 2742.62M
Accounts payable 273.27M 216.01M 175.25M 155.02M 128.17M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - -96.87200M -92.60300M -83.36900M
Additional paid in capital - - - - -
Common stock total equity 0.37M 0.37M 0.38M 0.38M 0.38M
Preferred stock total equity - - - - -
Retained earnings total equity 3621.37M 2629.18M 1891.73M 1468.26M 1218.59M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -164.68900M -116.76500M 103.31M 2744.36M 51.19M
Deferred long term asset charges - - - - -
Non current assets total 95.84M 91.79M 182.63M 2939.39M 182.70M
Capital lease obligations 22.78M 26.17M 28.25M 34.23M -
Long term debt total 1150.65M 1160.04M 1020.09M 1018.98M 1310.06M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -32.28600M -1.70800M 0.99M 10.44M -0.21100M
Change to liabilities 76.98M 93.69M 88.94M 42.65M -18.24300M
Total cashflows from investing activities -32.28600M -26.82100M -18.23400M -13.48900M -33.52700M
Net borrowings -20.45500M 118.72M -16.37900M -309.29600M 12.05M
Total cash from financing activities -129.75800M 51.63M -85.97100M -325.33100M -87.95300M
Change to operating activities 10.46M -31.94600M -9.47700M 0.45M 12.44M
Net income 992.19M 737.44M 423.48M 249.66M 227.33M
Change in cash 243.23M -127.28600M 426.15M 8.00M 140.72M
Begin period cash flow 618.34M 745.62M 319.47M 311.47M 170.75M
End period cash flow 861.56M 618.34M 745.62M 319.47M 311.47M
Total cash from operating activities 405.27M -152.09200M 530.36M 346.82M 262.20M
Issuance of capital stock - - - - -
Depreciation 24.75M 26.25M 31.05M 27.92M 26.97M
Other cashflows from investing activities -5.31500M -1.15700M 0.70M 0.46M 0.10M
Dividends paid - - - - -
Change to inventory -624.52200M -948.05500M -40.08900M 3.62M -19.42600M
Change to account receivables -102.95000M -65.11400M -88.94200M -42.65400M 3.04M
Sale purchase of stock -109.30300M -60.99200M -69.59200M -16.03500M -100.00000M
Other cashflows from financing activities -32.28600M 443.90M -18.23400M -13.48900M 202.80M
Change to netincome 33.00M 35.64M 33.50M 36.01M 32.83M
Capital expenditures 26.97M 25.66M 19.93M 24.39M 33.41M
Change receivables -102.95000M -65.11400M 2.13M -9.11200M 3.04M
Cash flows other operating 5.81M -14.41000M -8.64900M -3.93700M 9.70M
Exchange rate changes - - - - -
Cash and cash equivalents changes 243.23M -127.28600M 426.15M 8.00M 140.72M
Change in working capital -644.67300M -951.42100M 42.33M 33.23M -22.18300M
Stock based compensation 22.33M 20.07M 20.00M 19.61M 17.17M
Other non cash items 10.67M -2.91100M 14.41M 9.27M 15.66M
Free cash flow 378.30M -177.75600M 510.43M 322.44M 228.78M

Peer Comparison

Sector: Consumer Cyclical Industry: Residential Construction

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MTH
Meritage Corporation		 -0.9 1.32% 67.13 8.02 9.97 0.96 1.41 0.97 5.91
DHI
DR Horton Inc		 -2.41 1.63% 145.28 10.85 11.40 1.40 2.19 1.44 8.24
LEN
Lennar Corporation		 -1.22 1.22% 98.72 10.74 10.32 1.20 1.57 1.10 6.86
NVR
NVR Inc		 -88.79 1.29% 6783.24 14.68 17.67 2.21 5.21 2.02 9.62
PHM
PulteGroup Inc		 -2.27 1.79% 124.39 8.37 9.75 1.29 2.22 1.33 6.07

Reports Covered

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Profile

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company also offers title and escrow, mortgage, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

Meritage Corporation

8800 East Raintree Drive, Scottsdale, AZ, United States, 85260

Key Executives

Name Title Year Born
Mr. Steven J. Hilton Exec. Chairman 1961
Mr. Phillippe Lord Exec. VP, CEO & Director 1974
Ms. Hilla Sferruzza CFO & Exec. VP 1976
Mr. Clinton Szubinski Exec. VP & COO 1977
Mr. Javier Feliciano Chief People Officer & Exec. VP 1974
Ms. Alison L. Sasser VP, Corp. Controller & Chief Accounting Officer 1976
Emily Tadano VP of Investor Relations NA
Ms. Malissia R. Clinton Exec. VP, Gen. Counsel & Sec. 1969
Mr. Christopher Ryan Pres of Florida Division NA
Mr. Richard Harvey Pres of Texas Region Operations NA

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