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Meritage Homes Corporation (MTH)
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Meritage Homes Corporation Income Statement 2025-2008 | MTH
Brief overview of profit and loss at Meritage Homes Corporation
The comparison covers a five-year financial horizon. Revenue at Meritage Homes Corporation moved from 2.6 billion dollars in 2015 to 4.5 million dollars in 2020. Across the full period, sales moved by −99.8%; the average annual rate was −72%. The business finished the period with a smaller revenue base.
The operating result measured by EBITDA moved from 221 million dollars to 31.1 million dollars, or −85.9%. Additional revenue translated efficiently into EBITDA. Comparing the endpoints gives EBITDA margins of 8.5% and 690.7%. A wider margin confirms stronger operating efficiency.
Net income changed from $129 million to $423 million (+228.9%). The final year delivered the highest net income in the period.
The market value of the business moved from 1.3 billion dollars to 3.1 billion dollars, or +139%. Market value lagged the financial performance.
What the figures show
The figures do not all move in the same direction. The positive side is supported by net-income growth and an improving EBITDA margin. The most visible risks are limited revenue growth. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Meritage Homes Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.71 B | 5.37 B | 11.4 B | 8.35 B | 4.59 B | 3.12 B | 2.8 B | 1.64 B | 1.94 B | 1.47 B | 1.31 B | 1.42 B | 1.7 B | 1.47 B | 879 M | 324 M | 323 M | - |
Shares |
70.8 M | 72.5 M | 73.2 M | 73.4 M | 37.6 M | 37.7 M | 38.1 M | 40.1 M | 40.3 M | 40 M | 39.6 M | 39 M | 36.1 M | 34.1 M | 32.4 M | 32.1 M | 31.4 M | - |
Historical Prices |
80.6 | 74.1 | 155 | 114 | 122 | 82.8 | 61.1 | 36.7 | 51.2 | 34.8 | 34 | 36 | 48 | 37.4 | 23.2 | 10.1 | 10.3 | 8.68 |
Net Income |
453 M | 786 M | 739 M | 992 M | 737 M | 423 M | 250 M | 227 M | 143 M | 150 M | 129 M | 142 M | 124 M | 105 M | -21.1 M | 7.15 M | -66.5 M | - |
Revenue |
- | - | - | - | - | 4.5 M | 3.68 B | 3.54 B | 3.25 B | 3.06 B | 2.59 B | 2.19 B | 1.83 B | 1.19 B | 861 M | - | - | - |
Gross Profit |
- | - | - | - | - | - | 700 M | 653 M | 589 M | 553 M | 508 M | 469 M | 412 M | 218 M | 141 M | 168 M | 4.05 M | - |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | 225 M | 209 M | 77.8 M | 22.9 M | 51.5 M | - | - |
Interest Expense |
- | - | - | 41 K | 318 K | 2.18 M | 8.37 M | 785 K | 3.85 M | 5.17 M | 16 M | 5.16 M | 15.1 M | 24.2 M | 30.4 M | 33.7 M | 36.5 M | - |
EBITDA |
25.3 M | 26 M | 25.3 M | 24.7 M | 26.2 M | 31.1 M | 335 M | 300 M | 260 M | 230 M | 221 M | 219 M | 204 M | 63.4 M | 9.19 M | 59.5 M | 8.84 M | - |
Operating Expenses |
- | - | - | - | - | - | 393 M | 380 M | 346 M | 339 M | 301 M | 261 M | 218 M | 163 M | 139 M | 116 M | 4.05 M | - |
General and Administrative Expenses |
212 M | 231 M | 232 M | 193 M | 181 M | 159 M | 146 M | 138 M | 124 M | 124 M | 113 M | 105 M | 91.5 M | 68.2 M | 64.2 M | 59.8 M | 59.5 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Meritage Homes Corporation
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
64.7 M | 65.8 M | 67.4 M | -527 K | 70.7 M | 71.5 M | 71.9 M | -96 K | 72.5 M | 72.6 M | 72.6 M | 36.6 M | 36.6 M | 36.8 M | 36.7 M | 36.6 M | 36.6 M | 36.6 M | 37 M | 37.3 M | 37.6 M | 37.8 M | 37.6 M | 37.5 M | 37.6 M | 37.6 M | 38.1 M | 38.2 M | 38.3 M | 38.3 M | 38.2 M | 38.1 M | 40.3 M | 40.6 M | 40.5 M | 14 M | 40.3 M | 40.3 M | 40.2 M | 18 M | 40 M | 40 M | 39.8 M | 25 M | 39.7 M | 39.6 M | 39.4 M | 40 M | 39.1 M | 39.1 M | 38.7 M | 45 M | 36.2 M | 36.2 M | 35.8 M | 516 K | 35.2 M | 32.8 M | 32.6 M | 24 M | 32.4 M | 32.4 M | - |
Net Income |
67.8 M | 90.6 M | 55.3 M | 84 M | 99.3 M | 147 M | 123 M | 173 M | 196 M | 232 M | 186 M | 199 M | 222 M | 187 M | 131 M | - | 262 M | 250 M | 217 M | - | 201 M | 167 M | 132 M | 153 M | 109 M | 90.7 M | 71.2 M | 104 M | 69.8 M | 50.8 M | 25.4 M | 75.5 M | 54.1 M | 53.8 M | 43.9 M | 35.6 M | 42.6 M | 41.6 M | 23.6 M | 51.8 M | 36.9 M | 39.9 M | 21 M | 52.9 M | 30.3 M | 29.1 M | 16.4 M | 49.2 M | 32.6 M | 35.1 M | 25.4 M | 46.1 M | 38.2 M | 28.1 M | 12 M | 95.1 M | 6.78 M | 8 M | -4.75 M | -11.8 M | -3.24 M | 562 K | -6.66 M |
Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.7 M | 1.41 B | 936 K | - | 2.88 M | 1.28 B | 750 K | - | 2.82 M | 1.69 M | 684 K | - | 8.93 M | 5.83 M | 2.17 M | - | 11.2 M | 5.98 M | 2.61 M | - | 10.5 M | 7.13 M | 3.1 M | - | 11.7 M | 7 M | 2.64 M | - | 8.74 M | 2.59 M | 2.42 M | - | 2.65 M | 2.24 M | 2.03 M | - | 3.58 M | 3.37 M | 2.63 M | - | 2.98 M | 2.23 M | 1.42 M | - | 1.8 M | 1.23 M | - |
Cost of Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 967 M | - | - | - | 933 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 445 M | - | - | - | 345 M | - | - | - | - | - | - | - | - | - | - | - | 159 M | 123 M | 171 M | 145 M | 141 M | 110 M | 157 M | 132 M | 138 M | 104 M | 152 M | 126 M | 115 M | 95.6 M | 140 M | 111 M | 110 M | 91.6 M | 124 M | 113 M | 95.1 M | 64.5 M | 69 M | 62.4 M | 51.6 M | 35.2 M | 33.2 M | 37.9 M | 39.6 M | 30.4 M |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.1 M | 50.8 M | 56.7 M | 44.9 M | 71.7 M | 64 M | 48.9 M | 24.8 M | 29.7 M | 24.7 M | 17 M | 6.36 M | -144 K | 7.21 M | 10.4 M | - |
Interest Expense |
6.29 M | 2.19 M | 587 K | 15.7 M | 8.13 M | 10.9 M | - | 14 M | 10.7 M | 11.5 M | - | 12.9 M | 13.3 M | 12.9 M | - | - | - | -458 K | 41 K | - | 79 K | 1.38 M | 90 K | - | 55 K | 2.1 M | 16 K | - | 1.07 M | 3.2 M | 4.08 M | - | 53 K | 1.78 M | 5.32 M | 3.57 M | 2.03 M | 2.08 M | 1.11 M | 1.69 M | 1.44 M | 1.54 M | 283 K | 2.5 M | -4 M | 136 K | 415 K | 177 K | 2 M | 3.75 M | 648 K | 1.03 M | 605 K | 685 K | 470 K | 1.14 M | -8.28 M | 934 K | -139 K | -710 K | 876 K | 1.27 M | 8.02 M |
EBITDA |
- | 11.5 M | - | - | 5.99 M | - | - | - | 6.55 M | - | - | - | 6.38 M | - | - | - | 17.5 M | - | 5.76 M | - | 19.9 M | - | 6.54 M | - | 22.5 M | 14.6 M | 7.01 M | - | 19.6 M | 12.4 M | 5.83 M | - | 19.5 M | 6.74 M | 5.87 M | 3.83 M | 4.2 M | 4.2 M | 3.67 M | 2.83 M | 3.87 M | 4.2 M | 3.4 M | 2.41 M | 3.56 M | 3.52 M | 3.21 M | 74.3 M | 53.8 M | 59.4 M | 47.5 M | 74.5 M | 66.5 M | 51.4 M | 26.9 M | 32 M | 27 M | 18.9 M | 8.06 M | 1.77 M | 8.91 M | 14 M | 1.76 M |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 445 M | - | - | - | 345 M | - | - | - | - | - | - | - | - | - | - | - | 159 M | 123 M | 171 M | 145 M | 141 M | 110 M | 157 M | 132 M | 138 M | 104 M | 152 M | 126 M | 115 M | 95.6 M | 68.2 M | 59.9 M | 53.3 M | 46.6 M | 51.9 M | 49.2 M | 46.1 M | 39.8 M | 39.2 M | 37.7 M | 34.5 M | 28.9 M | 33.3 M | 30.7 M | 29.2 M | - |
General and Administrative Expenses |
45.2 M | 52.4 M | 51.4 M | 47.8 M | 51.8 M | 55.2 M | 57 M | 67.7 M | 59.2 M | 53.2 M | 50.7 M | 69 M | 63.1 M | 52.1 M | 47.5 M | - | 48.4 M | 47.9 M | 40 M | - | 47.2 M | 43.2 M | 37.9 M | - | 40.7 M | 36.2 M | 34.2 M | - | 37.2 M | 34.8 M | 33.6 M | - | 35.9 M | 34.2 M | 30.9 M | 33.2 M | 31.6 M | 29.6 M | 29.6 M | 32 M | 33.3 M | 28.9 M | 29.6 M | 26.8 M | 28.8 M | 27.6 M | 29.6 M | 29.1 M | 29.2 M | 24.6 M | 21.7 M | 24.9 M | 24.4 M | 22.5 M | 19.7 M | 17.7 M | 19.2 M | 16.5 M | 14.7 M | 17.6 M | 16.5 M | 15 M | 15.1 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Meritage Homes Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.