Meritage Homes CORP
Close on Oct 19, 2026
- Market cap
- $3.86B
- P/E (TTM)
- 12.2
- Dividend yield
- 0.74%
About Meritage Homes
Operative Builders, SIC 1531
Meritage Homes Corporation designs and builds single-family attached and detached homes, focusing primarily on entry-level and first move-up buyers. Its core homebuilding operations are divided into three regional segments: West, Central, and East. The company constructs speculative, move-in ready houses with standardized floor plans and energy-efficient features. In addition to residential construction, Meritage operates a financial services segment that provides title, escrow, and homeowners insurance through wholly-owned subsidiaries, alongside mortgage financing offered via an unconsolidated joint venture.
The company conducts its building and sales activities across twelve U.S. states: Arizona, California, Colorado, Utah, Texas, Tennessee, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. As of year-end 2025, Meritage was actively marketing houses across 336 residential communities and maintained a portfolio of 77,625 controlled lots. The corporation is organized under Maryland law as a holding company and maintains its principal executive headquarters in Scottsdale, Arizona.
Summary of the business section of Meritage Homes's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Meritage Homes CORP
- Founded
- 1985
- Headquarters
- Scottsdale, AZ
- Address
- 18655 North Claret Drive, Suite 400 85255
- Phone
- (480) 515-8100
- Website
- meritagehomes.com
- Employees
- 1,860, Dec 31, 2025
- Industry
- Operative Builders
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, Tempe, Arizona
Stock & identifiers
- Ticker
- MTH
- Exchange
- NYSE
- IPO date
- Jul 26, 1988
- Shares outstanding
- 65M, Jul 27, 2026
- Public float
- $4.70B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Jan 3, 2025; 2-for-1, Jan 2, 2025; 2-for-1, Jan 10, 2005; 2-for-1, Apr 29, 2002; 1-for-3 reverse, Jan 2, 1997
- SEC CIK
- 833079
- CUSIP
- 59001A102
- ISIN
- US59001A1025
- LEI
- 52990044W9UMFJO2FB97
- EIN
- 86-0611231
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Steven J. Hilton | Executive Chairman, Director | 863,021 |
| Phillippe Lord | Chief Executive Officer, Director | 379,002 |
| Alison Sasser | SVP - Chief Accounting Officer | 7,634 |
| Austin M. Woffinden | EVP, Corp. Ops & Strategy | 15,506 |
| Hilla Sferruzza | EVP- Chief Financial Officer | 163,146 |
| Javier Feliciano | EVP Chief People Officer | 63,391 |
| Malissia Clinton | EVP - Gen. Counsel, Secretary | 20,167 |
| Clinton Szubinski | EVP - Chief Operating Officer | 48,536 |
| R. Odell Michael | Director | 9,300 |
| Joseph Keough | Director | 3,100 |
| Geisha J. Williams | Director | 6,300 |
| Erin N. Lantz | Director | 3,100 |
| P. Kelly Mooney | Director | 3,100 |
| Deborah A. Henretta | Director | 9,300 |
| Peter L. Ax | Director | 48,058 |
| Dana Bradford | Director | 1,009,300 |
| Louis E. Caldera | Director | 3,100 |
| Dennis V. Arriola | Director | 12,712 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Phillippe Lord | $8.11M | $4.22M | $2.37M | $163 | $205 |
| FY2024 Phillippe Lord | $11.97M | $10.22M | $3.91M | $257 | $252 |
| FY2023 Phillippe Lord | $10.84M | $21.89M | $3.88M | $287 | $255 |
| FY2022 Phillippe Lord | $8.02M | $5.12M | $2.77M | $151 | $143 |
| FY2021 Phillippe Lord | $7.92M | $13.52M | $3.77M | $200 | $185 |
| FY2020 Phillippe Lord | $9.56M | $15.68M | $3.28M | $136 | $122 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had 1,860 full-time employees, including 374 in management and administration, 74 in our title and insurance companies, 534 in sales and marketing, and 878 in construction and warranty operations.”
Corporate history
Events identified from SEC filings