MTH · XBRL financial data

Meritage Homes financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MTH's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24†Dec 31, 2024	Q1 FY25†Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
General and administrative	69*	51	53	59	68*	57	55	52	48*	51	52	45
Interest expense	0*	0	0	0	0*	0	0	0	0*	1	2	1
Other income (expense)	13*	9	11	11	14*	9	11	8	16*	7	7	6
Income tax expense (benefit)	60*	48	66	54	49*	37	46	29	19*	17	30	17
Net income (loss)	199*	186	232	196	173*	123	147	99	84*	55	91	68
Earnings per share, basic‡ USD per share	2.73*	2.56	3.19	2.71	—	1.71	2.06	1.40	1.21*	0.82	1.38	1.05
Earnings per share, diluted‡ USD per share	2.70*	2.53	3.16	2.67	—	1.69	2.04	1.39	1.21*	0.82	1.37	1.04
Weighted average shares, basic‡ millions of shares	73*	73	73	72	—	72	71	71	69*	67	66	65
Weighted average shares, diluted‡ millions of shares	74*	74	73	73	—	73	72	71	70*	68	66	65

‡ Per-share figures and share counts are adjusted for the 2-for-1 stock split (January 2025); filings made before it reported them unadjusted.
† Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/2 in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (MTH's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24†Dec 31, 2024	Q1 FY25†Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	921	905	993	832	652	1,012	930	729	775	767	807	677
Property and equipment, net	49	48	47	47	47	47	46	48	47	46	46	45
Right-of-use asset	51	49	52	55	53	55	53	59	57	57	56	54
Goodwill	33	33	33	33	33	33	33	33	33	33	33	33
Total assets	6,353	6,489	6,924	7,103	7,163	7,700	7,756	7,759	7,622	7,555	7,555	7,590
Total liabilities	1,741	1,769	2,041	2,074	2,021	2,505	2,487	2,471	2,427	2,461	2,497	2,545
Retained earnings	4,321	4,479	4,684	4,852	4,998	5,090	5,206	5,275	5,195	5,093	5,057	5,044
Total stockholders' equity	4,612	4,721	4,883	5,030	5,142	5,195	5,269	5,288	5,196	5,094	5,058	5,044
Total liabilities and equity	6,353	6,489	6,924	7,103	7,163	7,700	7,756	7,759	7,622	7,555	7,555	7,590
Common shares outstanding (cover page)‡ millions of shares	72	73	73	72	144	72	71	70	67	67	65	64

‡ Per-share figures and share counts are adjusted for the 2-for-1 stock split (January 2025); filings made before it reported them unadjusted.
† Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/2 in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (MTH's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24†Dec 31, 2024	Q1 FY25†Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	199*	186	232	196	173*	123	147	99	84*	55	91	68
Stock-based compensation	6*	6	5*	8*	7*	6	4*	5*	5*	6	6*	5*
Depreciation and amortization	8*	6	7*	7*	7*	6	7*	6*	7*	5	6*	6*
Net cash from operating activities	(105)*	82	(118)*	(92)*	(100)*	(43)	14*	(97)*	year only	101	189*	(31)*
Purchases of property and equipment	7*	6	7*	8*	7*	6	7*	8*	6*	4	6*	4*
Net cash from investing activities	(9)*	(8)	(12)*	(12)*	(13)*	(11)	(10)*	(19)*	(17)*	(8)	(18)*	(9)*
Share repurchases	4*	56	0*	30*	40*	45	45*	55*	150*	130	100*	55*
Dividends paid	10*	27	27*	27*	27*	31	31*	30*	29*	32	31*	31*
Net cash from financing activities	(14)*	(90)	217*	(58)*	(68)*	414	(85)*	(86)*	(181)*	(102)	(131)*	(89)*
Net change in cash	(128)*	(16)	88*	(161)*	(180)*	360	(81)*	(202)*	46*	(9)	41*	(130)*

† Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/2 in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 1531 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 1531 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Meritage Homes	677	not reported	(31)*	64.4M	—	Q3 FY26 10-QSep 30, 2026
Taylor Morrison Home	653	1,387	(10)	93.4M	62.6 quarters	Q1 FY26 10-QMar 31, 2026
KB Home	160	1,297	(135)*	60.8M	—	Q3 FY26 10-QAug 31, 2026
M/I Homes	621	1,076	(13)*	25.0M	—	Q3 FY26 10-QSep 30, 2026
Everus Construction Group	177	1,232	53*	51.1M	—	Q2 FY26 10-QJun 30, 2026
Toll Brothers	1,058	2,659	250*	92.1M	—	Q3 FY26 10-QJul 31, 2026
Green Brick Partners	100	448	(52)*	42.4M	35.4 quarters	Q3 FY26 10-QSep 30, 2026
Century Communities	86	864	(135)*	28.3M	0.9 quarters	Q3 FY26 10-QSep 30, 2026
LGI Homes	69	444	39*	23.3M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.