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Companies / Consumer Discretionary / Meritage Homes CORP
MTH

Meritage Homes CORP

Ticker MTHSCOTTSDALE, AZFiscal year ends DecemberBook value per share $75.57Diluted shares 66.9M

Meritage Homes Corporation (NYSE: MTH) operates as a leading designer and builder of single-family attached and detached homes across the United States. The company maintains its corporate presence at www.meritagehomes.com and conducts homebuilding operations under the Meritage Homes brand name. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$11.68BFY2025
Last 12 mo $10.75B
0.00%FY2025
$453.01MFY2025
−42.4% year over year
Last 12 mo $329.27M
8.72%FY2025
−6.6 percentage points
Last 12 mo 6.51%
Cash & financing
$118.29MFY2025
+152.0% year over year
Last 12 mo $437.94M
$92.57MFY2025
+136.1% year over year
Last 12 mo $414.71M
0.35FY2025
Was 0.26× a year earlier
Last 12 mo 0.37
71.3MFY2025
−2.7% year over year
Last 12 mo 66.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Meritage Homes CORP does

In the company’s own words

Meritage Homes Corporation (NYSE: MTH) operates as a leading designer and builder of single-family attached and detached homes across the United States. The company maintains its corporate presence at www.meritagehomes.com and conducts homebuilding operations under the Meritage Homes brand name.

The company's primary business involves acquiring and developing land, constructing homes, and selling them to homebuyers, with a strategic focus on entry-level and first move-up price points. Meritage operates through three homebuilding reporting segments organized by geography: West, Central, and East regions, spanning twelve states including Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. As of December 31, 2025, the company actively sold homes in 336 communities with base prices ranging from approximately $161,000 to $1,000,000.

Beyond homebuilding, Meritage operates a financial services segment providing title and escrow services through Carefree Title Agency, Inc., insurance services through Meritage Homes Insurance Agency, Inc., and mortgage services through an unconsolidated joint venture. These ancillary operations generate additional revenue while enhancing customer experience throughout the home purchase process.

The company employs approximately 1,860 full-time employees distributed across management and administration, title and insurance operations, sales and marketing, and construction and warranty functions. Meritage's operational strategy emphasizes building affordable, move-in ready homes with simplified construction processes designed to compete effectively with the resale home market. The company maintains a 100 percent speculative home building strategy, pre-starting homes with preselected plans and features to minimize variability and create construction efficiencies.

Meritage differentiates itself through energy-efficient construction meeting or exceeding ENERGY STAR Version 3.1 standards, inclusion of smart home automation technology through the M.Connected Home Automation Suite, and a 60-day closing ready guarantee. The company has established relationships with external real estate brokers, with more than 90 percent of closings co-brokered, positioning it competitively within the residential real estate market. Founded through predecessor company Monterey Homes in 1985 and incorporated as Meritage Homes Corporation in 1996, the company has grown to become the fifth largest homebuilder in America.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Construction
Headquarters
SCOTTSDALE, AZ
Fiscal year end
December
CIK
833079
SIC
1531

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.17B$2.34B$5.84B$9.35B$12.85B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Meritage Homes CORP — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

348
funds hold it
0 of 35
superinvestors hold it
$2.72B
held by funds, at market
53.8%
of shares held by funds
4
bond issues held by funds

Largest fund holders · Meritage Homes CORP’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.30%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.18%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.17%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Meritage Homes CORP’s bonds, as funds hold them

Funds report holding 4 issues of Meritage Homes CORP’s debt, $470.72M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.97%, maturing 2027 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Meritage Homes CORP and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Meritage Homes CORP's earnings go — cash, debt, buybacks, reinvestment?”
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