Meritage Homes Corporation (MTH)

NYSE: MTH · Operative Builders · Scottsdale, AZ · filing with the SEC since 1994

Grade5.8

◀ Past 6.5● Present 5.1▶ Future 5.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 13, 2026	Feb 20, 2025	Feb 14, 2024	Feb 15, 2023	Feb 16, 2022	Feb 12, 2021	Feb 18, 2020	Feb 15, 2019	Feb 12, 2018	Feb 17, 2017
Gross profit	·	·	·	·	·	·	·	·	566,499	531,212
Sales and marketing	404,405	409,069	384,911	323,266	285,403	287,901	246,728	241,897	221,647	215,092
General and administrative	211,762	230,856	231,722	192,984	181,449	159,020	146,093	138,478	124,041	123,803
Interest expense	0	0	0	41	318	2,177	8,370	785	3,853	5,172
Share of profit of equity-method investments	3,973	9,225	6,371	6,093	4,657	4,496	11,945	16,333	15,959	19,042
Other income (expense), net	44,145	45,156	47,948	2,714	4,864	6,662	9,577	11,217^r	8,784^r	4,953
Income before income taxes	584,600	1,002,870	949,430	1,289,318	954,834	533,566	302,945	283,254	247,519	218,060
Income tax expense	131,587	216,684	210,682	297,126	217,390	110,091	53,282	55,922	104,264	68,519
Net income	453,013	786,186	738,748	992,192	737,444	423,475	249,663	227,332	143,255	149,541
Earnings per share, basic	6.40	10.85	10.09^r	13.52^r	9.805^b	5.615^b	3.275^b	2.835^b	1.78^b	1.87^b
Earnings per share, diluted	6.35	10.72	9.96^r	13.37^r	9.645^b	5.50^b	3.21^b	2.79^b	1.705^b	1.775^b
Weighted average shares, basic	70,819	72,476	73,238^r	73,388^r	75,220^b	75,436^b	76,200^b	80,214^b	80,574^b	79,952^b
Weighted average shares, diluted	71,348	73,332	74,138^r	74,202^r	76,466^b	76,968^b	77,782^b	81,456^b	84,456^b	85,170^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Jan 2025.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton MTH · research, not advice