Meritage Homes CORP (MTH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	5.2B	5.9B	6.4B	6.1B	6.3B
Cost of Revenue	4.2B	4.7B	4.8B	4.6B	4.5B
Gross Profit	962.4M	1.2B	1.6B	1.5B	1.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	472.1M	211.8M	639.9M	616.6M	516.3M
General & Admin Expense	196.7M	211.8M	230.9M	231.7M	193.0M
Selling & Marketing Expense	275.4M	—	409.1M	384.9M	323.3M
Other Expenses	79.5M	404.4M	—	—	—
Total Operating Expenses	551.6M	616.2M	639.9M	616.6M	516.3M
Cost and Expenses	4.8B	5.3B	5.4B	5.2B	5.0B
Operating Income (EBIT)	410.8M	537.5M	958.3M	902.4M	1.3B
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	4.1M	—	—	—	41.0K
Net Interest Income	(4.1M)	—	—	—	(41.0K)
Other Non-Op Income/Expense	(29.7M)	47.1M	44.5M	47.0M	2.7M
Non-Operating Income (excl Interest)	(27.8M)	(47.1M)	(44.5M)	(47.0M)	(2.7M)
EBT (Pre-Tax Income)	381.0M	584.6M	1.0B	949.4M	1.3B
Income Tax Expense	83.3M	131.6M	216.7M	210.7M	297.1M
Bottom Line
Net Income	297.8M	453.0M	786.2M	738.7M	992.2M
Earnings from Cont. Ops	297.8M	453.0M	786.2M	738.7M	992.2M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	297.8M	453.0M	786.2M	738.7M	992.2M
Per Share
Basic EPS	$4.45	$6.40	$10.85	$10.09	$13.52
Diluted EPS	$4.43	$6.40	$10.72	$9.97	$13.37
Revenue Per Share	$80.36	$82.71	$88.24	$83.81	$85.74
Shares
Basic Shares Outstanding	64.7M	70.8M	72.5M	73.2M	73.4M
Diluted Shares Outstanding	65.1M	70.8M	73.3M	74.1M	74.2M
Profitability Metrics
EBITDA	462.3M	609.9M	1.0B	974.8M	1.3B
D&A	23.7M	25.3M	26.0M	25.3M	24.7M
EBIT	438.6M	584.6M	1.0B	949.4M	1.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026