Meritage Corp (MTH) financials
Meritage revenue and earnings by year
Meritage's revenue was $5.86 billion in the fiscal year to December 31, 2025, down 8.4% from the year before. Net income was $453 million, 7.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.86 | 6.40 | 6.14 | 6.29 | 5.14 | 4.51 | 3.68 | 3.54 | 3.25 | 3.06 |
| Revenue growth | -8.4% | 4.2% | -2.4% | 22.4% | 14.1% | 22.5% | 3.8% | 8.9% | 6.5% | — |
| Gross profit | 1.16 | 1.60 | 1.52 | 1.80 | 1.44 | 0.98 | 0.70 | 0.65 | 0.59 | 0.55 |
| Gross margin | 19.7% | 25.0% | 24.7% | 28.7% | 27.9% | 21.7% | 19.0% | 18.4% | 18.1% | 18.1% |
| Operating income | 0.54 | 0.96 | 0.90 | 1.29 | 0.97 | 0.53 | 0.31 | 0.27 | 0.24 | 0.21 |
| Operating margin | 9.2% | 15.0% | 14.7% | 20.4% | 18.8% | 11.7% | 8.4% | 7.7% | 7.5% | 7.0% |
| Net income | 0.45 | 0.79 | 0.74 | 0.99 | 0.74 | 0.42 | 0.25 | 0.23 | 0.14 | 0.15 |
| Net margin | 7.7% | 12.3% | 12.0% | 15.8% | 14.3% | 9.4% | 6.8% | 6.4% | 4.4% | 4.9% |
| Diluted EPS | $6.35 | $10.72 | $9.96 | $13.37 | $9.64 | $5.51 | $3.20 | $2.81 | $1.72 | $1.77 |
| Free cash flow | 0.09 | -0.26 | 0.32 | 0.38 | -0.18 | 0.51 | 0.32 | 0.23 | -0.10 | -0.12 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MTH in Markets.
See also: MTH valuation and P/E history · MTH returns
No forecast, no recommendation. This page describes Meritage Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.