Meritage Homes Corp
NYSE:MTH

Watchlist Manager
Meritage Homes Corp Logo
Meritage Homes Corp
NYSE:MTH
Watchlist
Price: 154.45 USD -0.1%
Market Cap: 5.6B USD
Have any thoughts about
Meritage Homes Corp?
Write Note

Income Statement

Earnings Waterfall
Meritage Homes Corp

Revenue
6.4B USD
Cost of Revenue
-5.2B USD
Gross Profit
1.2B USD
Operating Expenses
-188m USD
Operating Income
1B USD
Other Expenses
-230.9m USD
Net Income
812.4m USD

Income Statement
Meritage Homes Corp

Rotate your device to view
Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
2 016
N/A
2 180
+8%
2 291
+5%
2 383
+4%
2 497
+5%
2 580
+3%
2 659
+3%
2 859
+8%
2 942
+3%
3 042
+3%
3 117
+2%
3 121
+0%
3 175
+2%
3 241
+2%
3 311
+2%
3 387
+2%
3 466
+2%
3 529
+2%
3 494
-1%
3 482
0%
3 539
+2%
3 667
+4%
3 861
+5%
4 029
+4%
4 227
+5%
4 501
+6%
4 685
+4%
4 931
+5%
5 053
+2%
5 141
+2%
5 344
+4%
5 479
+3%
5 798
+6%
6 292
+9%
6 286
0%
6 442
+2%
6 477
+1%
6 138
-5%
6 328
+3%
6 456
+2%
6 434
0%
Gross Profit
Cost of Revenue
(1 719)
(1 879)
(1 996)
(2 093)
(2 198)
(2 273)
(2 349)
(2 537)
(2 618)
(2 719)
(2 790)
(2 790)
(2 833)
(2 888)
(2 949)
(3 013)
(3 082)
(3 133)
(3 104)
(3 092)
(3 124)
(3 224)
(3 364)
(3 481)
(3 631)
(3 818)
(3 920)
(4 042)
(4 032)
(3 997)
(4 077)
(4 108)
(4 357)
(4 819)
(4 933)
(5 183)
(5 261)
(5 003)
(5 117)
(5 191)
(5 203)
Gross Profit
297
N/A
301
+1%
295
-2%
291
-1%
299
+3%
307
+3%
310
+1%
323
+4%
324
+0%
323
0%
327
+1%
332
+1%
341
+3%
353
+3%
362
+3%
374
+3%
384
+3%
396
+3%
390
-2%
390
0%
414
+6%
443
+7%
496
+12%
548
+10%
597
+9%
683
+14%
765
+12%
888
+16%
1 021
+15%
1 144
+12%
1 267
+11%
1 371
+8%
1 442
+5%
1 474
+2%
1 352
-8%
1 258
-7%
1 216
-3%
1 135
-7%
1 211
+7%
1 265
+5%
1 231
-3%
Operating Income
Operating Expenses
(93)
(98)
(106)
(113)
(118)
(114)
(114)
(114)
(113)
(119)
(118)
(118)
(116)
(118)
(115)
(119)
(124)
(128)
(135)
(135)
(136)
(137)
(143)
(145)
(150)
(152)
(156)
(163)
(169)
(177)
(198)
(186)
(189)
(190)
(188)
(179)
(181)
(184)
(188)
(189)
(188)
Selling, General & Administrative
(100)
(105)
(113)
(116)
(115)
(113)
(113)
(114)
(119)
(124)
(124)
(125)
(123)
(124)
(125)
(130)
(134)
(139)
(141)
(142)
(143)
(146)
(147)
(148)
(152)
(159)
(163)
(170)
(176)
(181)
(184)
(188)
(190)
(193)
(200)
(205)
(219)
(232)
(235)
(236)
(232)
Other Operating Expenses
7
7
6
3
(3)
(1)
(1)
0
6
5
6
6
7
6
11
11
10
11
6
7
7
10
4
3
2
7
7
7
7
5
(14)
2
1
3
12
25
39
48
48
47
44
Operating Income
204
N/A
203
-1%
189
-7%
178
-6%
180
+1%
193
+7%
196
+2%
209
+7%
211
+1%
204
-3%
209
+2%
214
+2%
226
+6%
235
+4%
247
+5%
255
+3%
260
+2%
268
+3%
255
-5%
255
0%
279
+9%
306
+10%
353
+15%
403
+14%
447
+11%
531
+19%
609
+15%
725
+19%
852
+17%
967
+14%
1 069
+11%
1 185
+11%
1 253
+6%
1 283
+2%
1 164
-9%
1 079
-7%
1 035
-4%
951
-8%
1 023
+8%
1 076
+5%
1 043
-3%
Pre-Tax Income
Interest Income Expense
4
5
5
2
(0)
(3)
(3)
2
7
14
17
17
14
12
12
13
16
15
12
9
6
3
4
3
2
3
3
6
6
6
6
6
6
6
5
(2)
(1)
(1)
(5)
1
(2)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(6)
0
0
0
0
0
(18)
(18)
(18)
0
0
0
0
0
0
(1)
(1)
0
(2)
(1)
Pre-Tax Income
208
N/A
208
+0%
194
-7%
180
-7%
180
0%
190
+5%
193
+2%
211
+9%
218
+3%
218
+0%
226
+4%
230
+2%
240
+4%
248
+3%
260
+5%
268
+3%
276
+3%
283
+3%
267
-6%
263
-1%
284
+8%
303
+7%
357
+18%
406
+13%
449
+11%
534
+19%
613
+15%
713
+16%
839
+18%
955
+14%
1 075
+13%
1 191
+11%
1 259
+6%
1 289
+2%
1 169
-9%
1 077
-8%
1 033
-4%
949
-8%
1 018
+7%
1 076
+6%
1 040
-3%
Net Income
Tax Provision
(69)
(66)
(61)
(53)
(55)
(61)
(60)
(67)
(67)
(69)
(74)
(76)
(80)
(85)
(76)
(72)
(69)
(59)
(61)
(60)
(65)
(53)
(62)
(70)
(74)
(110)
(129)
(152)
(186)
(217)
(252)
(285)
(291)
(297)
(263)
(234)
(231)
(211)
(225)
(238)
(228)
Income from Continuing Operations
139
142
133
127
125
129
133
144
151
150
152
154
160
163
183
196
207
225
206
203
219
250
295
335
375
424
484
561
653
737
823
906
967
992
906
843
802
739
793
838
812
Net Income (Common)
139
N/A
142
+2%
133
-6%
127
-5%
125
-2%
129
+3%
133
+4%
144
+8%
151
+5%
150
-1%
152
+2%
154
+1%
160
+4%
143
-10%
164
+14%
176
+7%
187
+7%
227
+21%
209
-8%
206
-1%
222
+8%
250
+13%
295
+18%
335
+14%
375
+12%
424
+13%
484
+14%
561
+16%
653
+16%
737
+13%
823
+12%
906
+10%
967
+7%
992
+3%
906
-9%
843
-7%
802
-5%
739
-8%
793
+7%
838
+6%
812
-3%
EPS (Diluted)
3.33
N/A
3.41
+2%
3.18
-7%
3.02
-5%
2.96
-2%
3.04
+3%
3.14
+3%
3.39
+8%
3.53
+4%
3.5
-1%
3.55
+1%
3.59
+1%
3.8
+6%
3.39
-11%
3.98
+17%
4.26
+7%
4.58
+8%
5.58
+22%
5.38
-4%
5.29
-2%
5.66
+7%
6.42
+13%
7.61
+19%
8.77
+15%
9.75
+11%
11
+13%
12.63
+15%
14.61
+16%
17.08
+17%
19.29
+13%
21.94
+14%
24.47
+12%
26.21
+7%
26.74
+2%
24.42
-9%
22.66
-7%
21.63
-5%
19.93
-8%
21.57
+8%
22.82
+6%
22.15
-3%

See Also

Discover More