MTH
Income statement / Annual
Last year (2024), Meritage Homes Corporation's total revenue was $6.40 B,
an increase of 4.18% from the previous year.
In 2024, Meritage Homes Corporation's net income was $786.19 M.
See Meritage Homes Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$6.40 B |
$6.14 B |
$6.29 B |
$5.14 B |
$4.50 B |
$3.67 B |
$3.53 B |
$3.24 B |
$3.04 B |
$2.58 B |
| Cost of Revenue |
$4.80 B
|
$4.62 B
|
$4.49 B
|
$3.70 B
|
$3.50 B
|
$2.96 B
|
$2.87 B
|
$2.65 B
|
$2.48 B
|
$2.06 B
|
| Gross Profit |
$1.60 B
|
$1.52 B
|
$1.80 B
|
$1.44 B
|
$1.00 B
|
$707.49 M
|
$659.90 M
|
$595.25 M
|
$556.91 M
|
$514.58 M
|
| Gross Profit Ratio |
0.25
|
0.25
|
0.29
|
0.28
|
0.22
|
0.19
|
0.19
|
0.18
|
0.18
|
0.2
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$230.86 M
|
$231.72 M
|
$192.98 M
|
$181.45 M
|
$159.02 M
|
$146.09 M
|
$138.48 M
|
$124.04 M
|
$123.80 M
|
$112.85 M
|
| Selling & Marketing Expenses |
$409.07 M
|
$384.91 M
|
$323.27 M
|
$285.40 M
|
$287.90 M
|
$246.73 M
|
$241.90 M
|
$221.65 M
|
$215.09 M
|
$188.42 M
|
| Selling, General & Administrative Expenses |
$639.93 M
|
$616.63 M
|
$516.25 M
|
$466.85 M
|
$446.92 M
|
$392.82 M
|
$380.38 M
|
$345.69 M
|
$338.90 M
|
$301.27 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$639.93 M
|
$616.63 M
|
$516.25 M
|
$466.85 M
|
$446.92 M
|
$392.82 M
|
$380.38 M
|
$345.69 M
|
$338.90 M
|
$301.27 M
|
| Cost And Expenses |
$5.44 B
|
$5.24 B
|
$5.01 B
|
$4.17 B
|
$3.95 B
|
$3.35 B
|
$3.25 B
|
$2.99 B
|
$2.82 B
|
$2.37 B
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$0.00
|
$0.00
|
$41.00 K
|
$318.00 K
|
$2.18 M
|
$8.37 M
|
$785.00 K
|
$3.85 M
|
$5.17 M
|
$15.97 M
|
| Depreciation & Amortization |
$25.96 M
|
$25.33 M
|
$24.75 M
|
$26.25 M
|
$31.05 M
|
$27.92 M
|
$26.97 M
|
$16.70 M
|
$15.98 M
|
$14.24 M
|
| EBITDA |
$984.30 M |
$927.72 M |
$1.31 B |
$996.82 M |
$585.03 M |
$342.60 M |
$306.49 M |
$266.27 M |
$234.00 M |
$227.55 M |
| EBITDA Ratio |
0.15
|
0.15
|
0.21
|
0.19
|
0.13
|
0.09
|
0.09
|
0.08
|
0.08
|
0.09
|
| Operating Income Ratio |
0.15
|
0.15
|
0.2
|
0.19
|
0.12
|
0.09
|
0.08
|
0.08
|
0.07
|
0.08
|
| Total Other Income/Expenses Net |
$44.53 M
|
$47.04 M
|
$2.67 M
|
-$15.74 M
|
-$20.42 M
|
-$11.73 M
|
$3.73 M
|
-$2.05 M
|
$41.00 K
|
-$23.85 M
|
| Income Before Tax |
$1.00 B
|
$949.43 M
|
$1.29 B
|
$954.83 M
|
$533.57 M
|
$302.95 M
|
$283.25 M
|
$247.52 M
|
$218.06 M
|
$189.46 M
|
| Income Before Tax Ratio |
0.16
|
0.15
|
0.2
|
0.19
|
0.12
|
0.08
|
0.08
|
0.08
|
0.07
|
0.07
|
| Income Tax Expense |
$216.68 M
|
$210.68 M
|
$297.13 M
|
$217.39 M
|
$110.09 M
|
$53.28 M
|
$55.92 M
|
$104.26 M
|
$68.52 M
|
$60.73 M
|
| Net Income |
$786.19 M
|
$738.75 M
|
$992.19 M
|
$737.44 M
|
$423.48 M
|
$249.66 M
|
$227.33 M
|
$143.26 M
|
$149.54 M
|
$128.74 M
|
| Net Income Ratio |
0.12
|
0.12
|
0.16
|
0.14
|
0.09
|
0.07
|
0.06
|
0.04
|
0.05
|
0.05
|
| EPS |
10.85 |
10.085 |
13.52 |
9.805 |
5.615 |
3.275 |
2.835 |
1.78 |
1.87 |
1.625 |
| EPS Diluted |
10.72 |
9.965 |
13.37 |
9.645 |
5.5 |
3.21 |
2.79 |
1.705 |
1.775 |
1.545 |
| Weighted Average Shares Out |
$72.48 M
|
$73.24 M
|
$73.39 M
|
$75.22 M
|
$75.44 M
|
$76.20 M
|
$80.21 M
|
$80.57 M
|
$79.95 M
|
$79.19 M
|
| Weighted Average Shares Out Diluted |
$73.33 M
|
$74.14 M
|
$74.20 M
|
$76.47 M
|
$76.97 M
|
$77.78 M
|
$81.46 M
|
$84.46 M
|
$85.17 M
|
$84.33 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
