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Meritage Homes Corporation

MTHConsumer CyclicalNASDAQ

Residential Construction

PriceMA150MA200
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Financials · Annual
Revenue
$5.86B
-8.3% YoY
Net Income
$453.0M
-42.4% YoY
EBITDA
$609.9M
-40.7% YoY
Free Cash Flow
$138.7M

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About Meritage Homes Corporation

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. At a $4.36B market cap, Meritage Homes Corporation ranks as a mid-cap company within consumer cyclical. The company operates through two segments: Homebuilding and Financial Services.

Key stats
Market Cap$4.36B
P/E (TTM)11.91
Fwd P/E9.99
EPS$5.48
Beta1.43
52W Change+3.2%
Dividend Yield2.94%
ROE7.5%
Analysis

Meritage Homes Corporation carries $1.90B in total debt against $766.6M in cash reserves — debt is roughly 2.5x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $138.7M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 7.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.9% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $6.30B (2022) to $5.86B (2025).

Investors considering Meritage Homes Corporation should weigh the typical risks associated with MTH's sector, size, and financial profile against their own risk tolerance and investment objectives. No single metric tells the full story. Reviewing MTH's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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