MTH · XBRL financial data

Meritage Homes financial statements, every fiscal year

The same tables from 6 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 years (MTH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
General and administrative	159	181	193	232	231	212
Interest expense	2	0	0	0	0	0
Other income (expense)	7	5	3	48	45	44
Income tax expense (benefit)	110	217	297	211	217	132
Net income (loss)	423	737	992	739	786	453
Earnings per share, basic‡ USD per share	5.62	9.81	13.52	10.09	5.43	6.40
Earnings per share, diluted‡ USD per share	5.50	9.65	13.37	9.97	5.36	6.35
Weighted average shares, basic‡ millions of shares	75	75	73	73	145	71
Weighted average shares, diluted‡ millions of shares	77	76	74	74	147	71

‡ 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.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	746	618	862	921	652	775
Property and equipment, net	39	37	39	49	47	47
Right-of-use asset	22	21	19	51	53	57
Goodwill	33	33	33	33	33	33
Total assets	3,864	4,808	5,772	6,353	7,163	7,622
Total liabilities	1,517	1,763	1,822	1,741	2,021	2,427
Retained earnings	1,892	2,629	3,621	4,321	4,998	5,195
Total stockholders' equity	2,348	3,044	3,950	4,612	5,142	5,196
Total liabilities and equity	3,864	4,808	5,772	6,353	7,163	7,622
Common shares outstanding (cover page)‡ millions of shares	75	74	73	72	144	67

‡ 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.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	423	737	992	739	786	453
Stock-based compensation	20	20	22	23	26	20
Depreciation and amortization	31	26	25	25	26	25
Net cash from operating activities	530	(152)	405	356	(228)	118
Purchases of property and equipment	20	26	27	38	29	26
Net cash from investing activities	(18)	(27)	(32)	(44)	(44)	(58)
Share repurchases	70	61	109	59	126	295
Dividends paid	—	0	0	40	109	121
Net cash from financing activities	(86)	52	(130)	(252)	2	63
Net change in cash	426	(127)	243	60	(270)	124

† 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.

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.