Meritage Homes CORP financial data

Symbol
MTH on NYSE
Industry
Operative Builders
Location
18655 North Claret Drive, Suite 400, Scottsdale, Arizona
State of incorporation
Maryland
Fiscal year end
December 31
Former names
MERITAGE CORP (to 9/15/2004), MONTEREY HOMES CORP (to 7/9/1998), HOMEPLEX MORTGAGE INVESTMENTS CORP (to 5/8/1996)
Latest financial report
Q1 2024 - Apr 26, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 39.4 % -19.7%
Return On Equity 17.6 % -26.5%
Return On Assets 12.7 % -21.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 36.3M shares -1.21%
Common Stock, Shares, Outstanding 36.3M shares -1.21%
Entity Public Float 5.1B USD +88.9%
Common Stock, Value, Issued 363K USD -1.36%
Weighted Average Number of Shares Outstanding, Basic 36.3M shares -0.96%
Weighted Average Number of Shares Outstanding, Diluted 36.8M shares -0.92%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.41B USD +10.6%
Selling and Marketing Expense 404M USD +18.5%
General and Administrative Expense 235M USD +17.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.02B USD -12.9%
Income Tax Expense (Benefit) 225M USD -14.4%
Net Income (Loss) Attributable to Parent 793M USD -12.4%
Earnings Per Share, Basic 21.7 USD/shares -12.3%
Earnings Per Share, Diluted 21.5 USD/shares -12.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 905M USD -5.42%
Deferred Income Tax Assets, Net 47M USD +4.91%
Property, Plant and Equipment, Net 47.9M USD +14.8%
Operating Lease, Right-of-Use Asset 49.4M USD +142%
Goodwill 33M USD 0%
Assets 6.49B USD +10.5%
Deferred Income Tax Liabilities, Net 8M USD
Liabilities 1.77B USD -1.95%
Retained Earnings (Accumulated Deficit) 4.48B USD +19.7%
Stockholders' Equity Attributable to Parent 4.72B USD +16.1%
Liabilities and Equity 6.49B USD +10.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 81.9M USD -34.2%
Net Cash Provided by (Used in) Financing Activities -90.1M USD -348%
Net Cash Provided by (Used in) Investing Activities -7.77M USD +11%
Common Stock, Shares Authorized 125M shares 0%
Common Stock, Shares, Issued 36.3M shares -1.21%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -15.9M USD -117%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 905M USD -5.42%
Interest Paid, Excluding Capitalized Interest, Operating Activities 12.8M USD -13.3%
Deferred Tax Assets, Valuation Allowance 0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 61.4M USD +9%
Operating Lease, Liability 52.1M USD +122%
Depreciation 23.5M USD +2.17%
Payments to Acquire Property, Plant, and Equipment 6.26M USD -29.7%
Lessee, Operating Lease, Liability, to be Paid 63.3M USD +152%
Property, Plant and Equipment, Gross 123M USD -0.43%
Lessee, Operating Lease, Liability, to be Paid, Year Two 8.69M USD +58.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 9.52M USD +17.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure -22.5%
Deferred Income Tax Expense (Benefit) -1.46M USD +58.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 9.31M USD +300%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.4M USD +75.3%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -1.89M USD +58.7%
Current Income Tax Expense (Benefit) 212M USD -29.4%
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 6.43M USD +126%
Operating Lease, Payments 9.89M USD +7.97%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 41.8M USD -23.3%
Current Federal Tax Expense (Benefit) 170M USD -30.8%
Depreciation, Depletion and Amortization 6.04M USD +15.9%
Share-based Payment Arrangement, Expense 22.4M USD -0.81%
Deferred State and Local Income Tax Expense (Benefit) 427K USD -59.2%
Interest Expense 0 USD
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%