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Meritage Homes Corporation MTH

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73.43 USD +6.35 (+9.47%)

Nov 4, 2026, 3:43 PM EST

70.74 Day range 73.69
56.66 52-week range 85.38
YTD
+11.60%
1 year
+12.43%

Financial health

Altman Z-Score

3.96 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 1
  • Return on Equity 3
  • Return on Assets 3
  • Debt / Equity 3
  • P/E 3
  • P/B 5

Valuation

P/E 10.3×
FY 2016: 9.3×FY 2017: 14.4×FY 2018: 6.5×FY 2019: 9.3×FY 2020: 7.4×FY 2021: 6.2×FY 2022: 3.4×FY 2023: 8.6×FY 2024: 7.1×FY 2025: 10.3×
FY 2016 5y median 7.1× FY 2025
P/S 0.8×
FY 2016: 0.5×FY 2017: 0.6×FY 2018: 0.4×FY 2019: 0.6×FY 2020: 0.7×FY 2021: 0.9×FY 2022: 0.5×FY 2023: 1.0×FY 2024: 0.9×FY 2025: 0.8×
FY 2016 5y median 0.9× FY 2025
P/B 0.9×
FY 2016: 1.0×FY 2017: 1.3×FY 2018: 0.9×FY 2019: 1.2×FY 2020: 1.3×FY 2021: 1.5×FY 2022: 0.9×FY 2023: 1.4×FY 2024: 1.1×FY 2025: 0.9×
FY 2016 5y median 1.1× FY 2025
P/FCF 50.3×
FY 2016: -11.6×FY 2017: -19.6×FY 2018: 6.4×FY 2019: 7.2×FY 2020: 6.1×FY 2021: -25.8×FY 2022: 8.9×FY 2023: 20.1×FY 2024: -21.8×FY 2025: 50.3×
FY 2016 5y median 8.9× FY 2025
EV/EBITDA 9.5×
FY 2016: 10.2×FY 2017: 11.9×FY 2018: 8.1×FY 2019: 9.0×FY 2020: 5.9×FY 2021: 5.3×FY 2022: 2.8×FY 2023: 6.7×FY 2024: 6.1×FY 2025: 9.5×
FY 2016 5y median 6.1× FY 2025
EV/Sales 1.0×
FY 2016: 0.8×FY 2017: 1.0×FY 2018: 0.7×FY 2019: 0.8×FY 2020: 0.8×FY 2021: 1.0×FY 2022: 0.6×FY 2023: 1.1×FY 2024: 1.0×FY 2025: 1.0×
FY 2016 5y median 1.0× FY 2025
FCF Yield 2.0%
FY 2016: -8.6%FY 2017: -5.1%FY 2018: 15.5%FY 2019: 13.8%FY 2020: 16.3%FY 2021: -3.9%FY 2022: 11.2%FY 2023: 5.0%FY 2024: -4.6%FY 2025: 2.0%
FY 2016 5y median 2.0% FY 2025

Profitability

Gross Margin 19.7%
FY 2016: 18.3%FY 2017: 18.4%FY 2018: 18.7%FY 2019: 19.3%FY 2020: 22.2%FY 2021: 28.0%FY 2022: 28.7%FY 2023: 24.7%FY 2024: 25.0%FY 2025: 19.7%
FY 2016 5y median 25.0% FY 2025
Operating Margin 9.2%
FY 2016: 7.2%FY 2017: 7.7%FY 2018: 7.9%FY 2019: 8.6%FY 2020: 12.3%FY 2021: 18.9%FY 2022: 20.4%FY 2023: 14.7%FY 2024: 15.0%FY 2025: 9.2%
FY 2016 5y median 15.0% FY 2025
Net Margin 7.7%
FY 2016: 4.9%FY 2017: 4.4%FY 2018: 6.4%FY 2019: 6.8%FY 2020: 9.4%FY 2021: 14.3%FY 2022: 15.8%FY 2023: 12.0%FY 2024: 12.3%FY 2025: 7.7%
FY 2016 5y median 12.3% FY 2025
ROE 8.7%
FY 2016: 10.5%FY 2017: 9.1%FY 2018: 13.2%FY 2019: 12.6%FY 2020: 18.0%FY 2021: 24.2%FY 2022: 25.1%FY 2023: 16.0%FY 2024: 15.3%FY 2025: 8.7%
FY 2016 5y median 16.0% FY 2025
ROIC 5.9%
FY 2016: 5.9%FY 2017: 5.0%FY 2018: 7.4%FY 2019: 8.4%FY 2020: 12.8%FY 2021: 17.5%FY 2022: 19.2%FY 2023: 12.3%FY 2024: 11.4%FY 2025: 5.9%
FY 2016 5y median 12.3% FY 2025
ROA 5.9%
FY 2016: 5.2%FY 2017: 4.4%FY 2018: 6.8%FY 2019: 7.3%FY 2020: 11.0%FY 2021: 15.3%FY 2022: 17.2%FY 2023: 11.6%FY 2024: 11.0%FY 2025: 5.9%
FY 2016 5y median 11.6% FY 2025

Growth (YoY)

Revenue -8.4%
FY 2016: 17.9%FY 2017: 6.6%FY 2018: 8.9%FY 2019: 3.9%FY 2020: 22.8%FY 2021: 14.2%FY 2022: 22.4%FY 2023: -2.4%FY 2024: 4.2%FY 2025: -8.4%
FY 2016 FY 2025
Operating Income -43.9%
FY 2016: 2.2%FY 2017: 14.5%FY 2018: 12.0%FY 2019: 12.6%FY 2020: 76.0%FY 2021: 75.2%FY 2022: 32.6%FY 2023: -29.9%FY 2024: 6.2%FY 2025: -43.9%
FY 2016 FY 2025
EPS (diluted) -40.3%
FY 2016: 14.9%FY 2017: -3.9%FY 2018: 63.6%FY 2019: 15.1%FY 2020: 71.3%FY 2021: 75.5%FY 2022: 38.5%FY 2023: -25.4%FY 2024: 7.5%FY 2025: -40.3%
FY 2016 FY 2025
Free Cash Flow 136.1%
FY 2016: -518.0%FY 2017: 12.4%FY 2018: 317.4%FY 2019: 40.9%FY 2020: 58.3%FY 2021: -134.8%FY 2022: 312.8%FY 2023: -16.1%FY 2024: -180.7%FY 2025: 136.1%
FY 2016 FY 2025

Financial Health

Current Ratio 12.1×
FY 2016: 8.0×FY 2017: 8.6×FY 2018: 9.5×FY 2019: 1.3×FY 2020: 8.3×FY 2021: 8.5×FY 2022: 9.0×FY 2023: 9.4×FY 2024: 11.4×FY 2025: 12.1×
FY 2016 5y median 9.4× FY 2025
Quick Ratio 2.1×
FY 2016: 0.8×FY 2017: 0.9×FY 2018: 1.3×FY 2019: -6.5×FY 2020: 2.0×FY 2021: 1.4×FY 2022: 1.9×FY 2023: 2.0×FY 2024: 1.8×FY 2025: 2.1×
FY 2016 5y median 1.9× FY 2025
Debt / Equity 0.4×
FY 2016: 0.8×FY 2017: 0.8×FY 2018: 0.8×FY 2019: 0.6×FY 2020: 0.5×FY 2021: 0.4×FY 2022: 0.3×FY 2023: 0.2×FY 2024: 0.3×FY 2025: 0.4×
FY 2016 5y median 0.3× FY 2025
Net Debt / EBITDA 1.8×
FY 2016: 4.3×FY 2017: 4.2×FY 2018: 3.3×FY 2019: 2.2×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.2×FY 2023: 0.1×FY 2024: 0.7×FY 2025: 1.8×
FY 2016 5y median 0.6× FY 2025
Interest Coverage 0.0×
FY 2016: 42.2×FY 2017: 64.8×FY 2018: 356×FY 2019: 37.6×FY 2020: 254×FY 2021: 3052×FY 2022: 31382×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025

Dividends

Dividend Yield 2.6%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.6%FY 2024: 1.9%FY 2025: 2.6%
FY 2016 5y median 0.6% FY 2025
Payout Ratio 26.7%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 5.4%FY 2024: 13.8%FY 2025: 26.7%
FY 2016 5y median 5.4% FY 2025

Annual · latest fiscal year ends 2025-12-31