MTHNYSEOperative BuildersFiscal year ends December 31
Meritage Homes CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$58.38−0.79 (-1.34%)
Close on Oct 19, 2026
- Market cap
- $3.86B
- P/E (TTM)
- 12.2
- Dividend yield
- 0.74%
Meritage Homes statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Operative Builders companies for comparison
Valuation
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Market Cap | $3.80B | $2.60B |
| Enterprise Value | $3.00B | $2.35B |
| PE Ratio | 12.21 | 12.86 |
| PB Ratio | 0.75 | 1.37 |
| P/TBV Ratio | 0.76 | 1.32 |
| P/FCF Ratio | 9.17 | 14.93 |
| P/OCF Ratio | 8.69 | 13.52 |
Enterprise value
| Measure | Meritage Homes | Industry median |
|---|---|---|
| EV / EBITDA | 6.64 | 8.43 |
| EV / FCF | 7.23 | 13.28 |
Income (trailing twelve months)
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Pretax Income | $424.47M | $185.87M |
| Net Income | $329.27M | $187.13M |
| EBITDA | $451.37M | $263.14M |
| EPS (Diluted) | $4.78 | $3.55 |
Returns
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Return on Equity (ROE) | 6.38% | 10.1% |
| Return on Assets (ROA) | 4.30% | 3.86% |
Growth
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Net Income Growth (YoY) | -48.4% | -43.2% |
| EPS Growth (YoY) | -45.4% | -34.8% |
| EPS Growth (3Y CAGR) | -22.0% | -4.75% |
| EPS Growth (5Y CAGR) | 2.92% | 12.5% |
Balance sheet
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $807.27M | $145.85M |
| Net Cash (Debt) | $807.27M | $108.49M |
| Net Cash Per Share | $12.39 | $2.62 |
| Equity (Book Value) | $5.06B | $1.35B |
| Book Value Per Share | $77.61 | $33.54 |
| Tangible Book Value | $5.02B | $1.03B |
Cash flow (trailing twelve months)
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Operating Cash Flow | $437.94M | $132.56M |
| Capital Expenditures | -$23.24M | -$30.54M |
| Free Cash Flow | $414.71M | $196.92M |
| FCF Per Share | $6.36 | $5.27 |
Efficiency
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Profits Per Employee | $177.03K | $90.58K |
| Employee Count | 1,860 | 1,860 |
Dividends and yields
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Earnings Yield | 8.65% | 7.26% |
| FCF Yield | 10.9% | 6.51% |
| Dividend Yield | 0.74% | 0.83% |
| Buyback Yield | 11.4% | 6.35% |
| Shareholder Yield | 12.2% | 6.55% |
| Dividend Per Share | $0.43 | $0.98 |
| Dividend Growth (YoY) | 14.7% | 10.5% |
| Years of Dividend Growth | 2 | 5 |
| Payout Ratio | 37.3% | 26.5% |
| FCF Payout Ratio | 29.6% | 29.6% |
Shares
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Shares Outstanding | 65,174,100 | 48,564,500 |
| Shares Change (YoY) | -5.54% | -4.71% |
| Shares Change (QoQ) | -2.29% | -0.56% |
| Float | 62,506,300 | 28,017,650 |
| Shares Held by Insiders | 4.09% | 4.42% |
| Shares Held by Institutions | 103.9% | 91.5% |
Taxes
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Income Tax | $95.20M | $67.36M |
| Effective Tax Rate | 22.4% | 24.4% |
Scores
| Measure | Meritage Homes | Industry median |
|---|---|---|
| Graham Number | $91.36 | $76.88 |
| Graham Upside | 56.5% | 17.2% |
| Altman Z-Score | 1.85 | 2.13 |
Calculated by StockData from Meritage Homes's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.