Financials in USD. Standardized financial statements.
A compact view of how Meritage Homes Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $5.86B | $6.40B | $6.14B | $6.29B | $5.14B | $4.50B | $3.67B | $3.53B | $3.24B | $3.04B |
| Revenue Growth? | -8.4% | +4.2% | -2.4% | +22.4% | +14.2% | +22.8% | +3.9% | +8.9% | +6.6% | 0.0% |
| Cost of Revenue? | $4.69B | $4.80B | $4.62B | $4.49B | $3.70B | $3.50B | $2.96B | $2.87B | $2.65B | $2.48B |
| Gross Profit? | $1.15B | $1.60B | $1.52B | $1.80B | $1.44B | $1.00B | $707.49M | $659.90M | $595.25M | $556.91M |
| Gross Margin? | +19.7% | +25.0% | +24.7% | +28.7% | +28.0% | +22.2% | +19.3% | +18.7% | +18.4% | +18.3% |
| Operating Expenses? | $616.17M | $639.92M | $616.63M | $516.25M | $466.85M | $446.92M | $392.82M | $380.38M | $345.69M | $338.89M |
| Operating Income? | $537.48M | $958.35M | $902.39M | $1.29B | $970.58M | $553.98M | $314.67M | $279.52M | $249.57M | $218.02M |
| EBITDA? | $562.76M | $984.30M | $927.72M | $1.31B | $996.82M | $585.03M | $342.60M | $306.49M | $266.27M | $234.00M |
| Income Before Tax | $584.60M | $1.00B | $949.43M | $1.29B | $954.83M | $533.57M | $302.94M | $283.25M | $247.52M | $218.06M |
| Income Tax Expense | $131.59M | $216.68M | $210.68M | $297.13M | $217.39M | $110.09M | $53.28M | $55.92M | $104.26M | $68.52M |
| Net Income? | $453.01M | $786.19M | $738.75M | $992.19M | $737.44M | $423.48M | $249.66M | $227.33M | $143.25M | $149.54M |
| EPS? | $6.40 | $10.85 | $10.09 | $13.52 | $9.81 | $5.62 | $3.27 | $2.83 | $1.78 | $1.87 |
| Diluted EPS? | $6.40 | $10.72 | $9.97 | $13.37 | $9.65 | $5.50 | $3.21 | $2.79 | $1.71 | $1.77 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality