Company research
Meritage Homes CORP
CIK 833079Updated Nov 2, 2026
SecurityMTH · NYSE · equity
Name history
MERITAGE CORP · through Sep 15, 2004MONTEREY HOMES CORP · through Jul 9, 1998HOMEPLEX MORTGAGE INVESTMENTS CORP · through May 8, 1996
MTH price & chart
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NYSE:MTH on TradingView ↗About the company
Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee. Meritage has delivered over 190,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award.
In the news
Meritage Homes Announces Quarterly Cash Dividend ↗
Seeking Alpha
Meritage Homes Corporation 2026 Q3 - Results - Earnings Call Presentation ↗
Meritage Homes Corporation (MTH) Q3 2026 Earnings Call Transcript ↗
Baron Real Estate Fund Q3 2026 Portfolio Activity ↗
SEC disclosures
Meritage Homes CORP files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 5.03, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 7,758,510,000Source | 7,103,452,000Source | 7,554,933,000Source | 7,756,369,000Source | 6,923,980,000Source | 7,554,611,000Source | 7,700,218,000Source | 6,489,305,000Source | 7,622,287,000Source | 7,162,654,000Source | 6,353,134,000Source | 5,772,101,000Source |
| Property, Plant and Equipment, NetUSD | 47,976,000Source | 47,231,000Source | 46,085,000Source | 46,449,000Source | 46,585,000Source | 46,064,000Source | 47,015,000Source | 47,868,000Source | 46,647,000Source | 47,285,000Source | 48,953,000Source | 38,635,000Source |
| GoodwillUSD | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 728,937,000Source | 831,559,000Source | 807,267,000Source | 930,463,000Source | 992,921,000Source | 766,632,000Source | 1,011,652,000Source | 905,298,000Source | 775,157,000Source | 651,555,000Source | 921,227,000Source | 861,561,000Source |
| Operating Lease, Right-of-Use AssetUSD | 58,800,000Source | 54,631,000Source | 55,880,000Source | 53,116,000Source | 52,460,000Source | 57,164,000Source | 54,713,000Source | 49,376,000Source | 56,985,000Source | 52,941,000Source | 51,275,000Source | 19,129,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 2,470,990,000Source | 2,073,662,000Source | 2,496,996,000Source | 2,487,195,000Source | 2,041,446,000Source | 2,460,842,000Source | 2,505,474,000Source | 1,768,732,000Source | 2,426,644,000Source | 2,021,081,000Source | 1,741,234,000Source | 1,822,490,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 704,000Source | 362,000Source | 652,000Source | 712,000Source | 363,000Source | 667,000Source | 718,000Source | 363,000Source | 682,000Source | 360,000Source | 364,000Source | 366,000Source |
| Retained Earnings (Accumulated Deficit)USD | 5,275,400,000Source | 4,852,499,000Source | 5,057,285,000Source | 5,206,378,000Source | 4,683,668,000Source | 5,093,102,000Source | 5,090,096,000Source | 4,479,358,000Source | 5,194,961,000Source | 4,998,177,000Source | 4,320,581,000Source | 3,621,367,000Source |
| Stockholders' Equity Attributable to ParentUSD | 5,287,520,000Source | 5,029,790,000Source | 5,057,937,000Source | 5,269,174,000Source | 4,882,534,000Source | 5,093,769,000Source | 5,194,744,000Source | 4,720,573,000Source | 5,195,643,000Source | 5,141,573,000Source | 4,611,900,000Source | 3,949,611,000Source |
| Additional Paid in Capital, Common StockUSD | 11,416,000Source | 176,929,000Source | 0Source | 62,084,000Source | 198,503,000Source | 0Source | 103,930,000Source | 240,852,000Source | 0Source | 143,036,000Source | 290,955,000Source | 327,878,000Source |
| Liabilities and EquityUSD | 7,758,510,000Source | 7,103,452,000Source | 7,554,933,000Source | 7,756,369,000Source | 6,923,980,000Source | 7,554,611,000Source | 7,700,218,000Source | 6,489,305,000Source | 7,622,287,000Source | 7,162,654,000Source | 6,353,134,000Source | 5,772,101,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | — | — | 8,000,000Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 5,373,000Source | 5,949,000Source | 25,285,000Source | 25,959,000Source | 25,334,000Source | 24,748,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 5,860,000Source | 6,325,000Source | 19,683,000Source | 25,809,000Source | 22,511,000Source | 22,333,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -34,049,000Source | 60,821,000Source | 274,052,000Source | 979,254,000Source | 357,408,000Source | 624,522,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 969,000Source | 9,555,000Source | -1,461,000Source | -3,527,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 101,309,000Source | -42,576,000Source | 118,288,000Source | -227,576,000Source | 355,572,000Source | 405,270,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -7,731,000Source | -11,413,000Source | -57,699,000Source | -44,074,000Source | -43,623,000Source | -32,286,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 4,308,000Source | 5,592,000Source | 25,722,000Source | 28,658,000Source | 38,192,000Source | 26,971,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 130,000,000Source | 44,999,000Source | 294,999,000Source | 125,932,000Source | 59,067,000Source | 109,303,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -102,103,000Source | 414,086,000Source | 63,013,000Source | 1,978,000Source | -252,283,000Source | -129,758,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -8,525,000Source | 360,097,000Source | 123,602,000Source | -269,672,000Source | 59,666,000Source | 243,226,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 728,937,000Source | 831,559,000Source | 807,267,000Source | 930,463,000Source | 766,632,000Source | 1,011,652,000Source | 775,157,000Source | 651,555,000Source | 921,227,000Source | 861,561,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 4,972,000Source | 14,385,000Source | — | — | -1,454,000Source | -2,279,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 154,230,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 4,858,000Source | 8,473,000Source | 5,822,000Source | 3,597,000Source | 5,860,000Source | 6,325,000Source | 19,683,000Source | 25,809,000Source | 22,511,000Source | 22,333,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 21,700,000Source | 23,600,000Source | 23,500,000Source | 23,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source | — | 0Source | — | 160,159,000Source | 0Source | -631,000Source | -907,000Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 51,787,000Source | 59,198,000Source | 52,380,000Source | 55,183,000Source | 51,402,000Source | 56,997,000Source | 211,762,000Source | 230,856,000Source | 231,722,000Source | 192,984,000Source |
| GoodwillUSD | — | — | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source | 32,962,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | — | — | — | 656,000Source | 626,000Source | 3,973,000Source | 9,225,000Source | 6,371,000Source | 6,093,000Source |
| Income Tax Expense (Benefit)USD | — | — | 28,951,000Source | 53,966,000Source | 29,934,000Source | 46,181,000Source | 17,215,000Source | 37,353,000Source | 131,587,000Source | 216,684,000Source | 210,682,000Source | 297,126,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 99,297,000Source | 195,966,000Source | 90,630,000Source | 146,879,000Source | 55,309,000Source | 122,806,000Source | 453,013,000Source | 786,186,000Source | 738,748,000Source | 992,192,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 10,567,000Source | 9,834,000Source | 8,708,000Source | 7,819,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 8,128,000Source | 10,682,000Source | 7,472,000Source | 10,853,000Source | 6,963,000Source | 9,498,000Source | 44,145,000Source | 45,156,000Source | 47,948,000Source | 2,714,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Nonoperating Income (Expense)USD | — | — | 8,128,000Source | 10,682,000Source | 7,472,000Source | 10,853,000Source | 6,963,000Source | 9,498,000Source | 44,145,000Source | 45,156,000Source | 47,948,000Source | 2,714,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 128,248,000Source | 249,932,000Source | 120,564,000Source | 193,060,000Source | 72,524,000Source | 160,159,000Source | 584,600,000Source | 1,002,870,000Source | 949,430,000Source | 1,289,318,000Source |
| Income Tax Expense (Benefit)USD | — | — | 28,951,000Source | 53,966,000Source | 29,934,000Source | 46,181,000Source | 17,215,000Source | 37,353,000Source | 131,587,000Source | 216,684,000Source | 210,682,000Source | 297,126,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 99,297,000Source | 195,966,000Source | 90,630,000Source | 146,879,000Source | 55,309,000Source | 122,806,000Source | 453,013,000Source | 786,186,000Source | 738,748,000Source | 992,192,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.4Source | 2.7Source | 1.38Source | 2.06Source | 0.82Source | 1.71Source | 6.4Source | 10.85Source | 20.17Source | 27.04Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.39Source | 2.67Source | 1.37Source | 2.04Source | 0.82Source | 1.69Source | 6.35Source | 10.72Source | 19.93Source | 26.74Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 70,680,000Source | 72,452,000Source | 65,787,000Source | 71,456,000Source | 67,367,000Source | 71,915,000Source | 70,819,000Source | 72,476,000Source | 36,619,000Source | 36,694,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 71,188,000Source | 73,338,000Source | 66,131,000Source | 71,900,000Source | 67,806,000Source | 72,650,000Source | 71,348,000Source | 73,332,000Source | 37,069,000Source | 37,101,000Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.43Source | 0.38Source | 0.48Source | 0.43Source | 0.48Source | 0.43Source | 0.43Source | 1.5Source | 1.08Source | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 130,618,000Source | 207,129,000Source | 212,143,000Source | 300,653,000Source |
| General and Administrative ExpenseUSD | — | — | 51,787,000Source | 59,198,000Source | 52,380,000Source | 55,183,000Source | 51,402,000Source | 56,997,000Source | 211,762,000Source | 230,856,000Source | 231,722,000Source | 192,984,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | — | — | — | 656,000Source | 626,000Source | 3,973,000Source | 9,225,000Source | 6,371,000Source | 6,093,000Source |
| Interest ExpenseUSD | — | — | 0Source | 0Source | 2,187,000Source | 0Source | 587,000Source | 0Source | 0Source | 0Source | 0Source | 41,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 10,567,000Source | 9,834,000Source | 8,708,000Source | 7,819,000Source |
| Selling and Marketing ExpenseUSD | — | — | 99,722,000Source | 97,898,000Source | 91,805,000Source | 108,830,000Source | 79,472,000Source | 94,720,000Source | 404,405,000Source | 409,069,000Source | 384,911,000Source | 323,266,000Source |
Filing attachments
ex42descriptionofsecuritie.htm · 10-K · 2026-02-13
Exhibit 4.2 DESCRIPTION OF SECURITIES OF MERITAGE HOMES CORPORATION REGISTERED UNDER SECTION 12 OF THE EXCHANGE ACT The following description of the material terms of the shares of Meritage Homes Corporation registered under the Section 12 of the Securities Exchange Act of 1934, as amended, is only a summary and is subject to, and qualified in its entirety by reference to, the more complete descriptions of such shares in the following documents: (a) Meritage Homes Corporation’s charter, whi…
Read attachment ↗ex436sixthsupplementalinde.htm · 10-K · 2026-02-13
Exhibit 4.3.6 SIXTH SUPPLEMENTAL INDENTURE, dated as of February 6, 2026 (the “Sixth Supplemental Indenture”) between Meritage Homes Corporation, a corporation organized under the laws of the State of Maryland (the “Issuer”), the Guarantors named therein, Carefree Title Agency of Alabama, Inc., a corporation organized under the laws of the State of Alabama (the “Additional Guarantor”), and Regions Bank, as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”) under the…
Read attachment ↗ex443thirdsupplementalinde.htm · 10-K · 2026-02-13
Exhibit 4.4.3 THIRD SUPPLEMENTAL INDENTURE, dated as of February 6, 2026 (the “Third Supplemental Indenture”) between Meritage Homes Corporation, a corporation organized under the laws of the State of Maryland (the “Issuer”), the Guarantors named therein, Carefree Title Agency of Alabama, Inc., a corporation organized under the laws of the State of Alabama (the “Additional Guarantor”), and Regions Bank, as trustee (the “Trustee”) under the Indenture (as defined below). Capitalized terms used an…
Read attachment ↗ex453thirdsupplementalinde.htm · 10-K · 2026-02-13
Exhibit 4.5.3 THIRD SUPPLEMENTAL INDENTURE Third Supplemental Indenture, dated as of February 6, 2026 (this “Supplemental Indenture”), among CAREFREE TITLE AGENCY OF ALABAMA, INC., an Alabama corporation (the “Additional Subsidiary Guarantor”), a subsidiary of MERITAGE HOMES CORPORATION, a Maryland corporation (or its permitted successor) (the “Company”), the Company, the other Subsidiary Guarantors (as defined in the Indenture referred to herein) and REGIONS BANK, an Alabama banking corporati…
Read attachment ↗ex461firstsupplementtofirs.htm · 10-K · 2026-02-13
Exhibit 4.6.1 SUPPLEMENTAL INDENTURE DELIVERED BY NEW GUARANTOR This First Supplement to the First Supplemental Indenture (this “Supplement”), dated as of February 6, 2026, is entered into by and between Carefree Title Agency of Alabama, Inc., an Alabama corporation (the “New Guarantor”), and Regions Bank, an Alabama state bank, as trustee (the “Trustee”). W I T N E S E T H WHEREAS, Meritage Homes Corporation, a Maryland corporation (the “Issuer”) has executed and delivered to the Trustee th…
Read attachment ↗d926662dex41.htm · 8-K · 2025-03-06
EX-4.1 3 d926662dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 MERITAGE HOMES CORPORATION AND REGIONS BANK AS TRUSTEE GUARANTEED TO THE EXTENT SET FORTH THEREIN BY THE GUARANTORS NAMED HEREIN. INDENTURE DATED AS OF March 6, 2025 CROSS REFERENCE SHEET* Provisions of the Trust Indenture Act of 1939 and the Indenture (the “Indenture”), dated as of March 6, 2025, by and among Meritage Homes Corporation, a Maryland corporation, the guarantors listed on Schedule 1 to the Indenture, and Regions Ban…
Read attachment ↗