profit from every $100 of sales.
$0$100
Meritage Homes
$67.25-4.39% today
+0.3% in 1 year
1-year low $57.851-year high $85.18
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $9.56 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Meritage Homes sold, what it kept, and what it did with the cash.
Sales went from $6.30 billion in 2022 to $5.86 billion in 2025, with $453 million of profit last year.
SalesProfit
Meritage Homes handed back more cash to shareholders than it generated last year.
Buybacks $295M$121M
Free cash flow 2025$93M
Bought back its own shares$295M
Paid as dividends$121M
Cash vs. debt$775M vs. $1.9B
Meritage Homes vs. similar companies
Meritage Homes grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Meritage Homes | 9.6× · Cheap | ||
 D.R. Horton | 11.3× · Cheap | ||
 PulteGroup | 11.2× · Cheap | ||
 Lennar | 9.9× · Cheap | ||
 NVR | 11.9× · Cheap |
AI analysis
An AI analyst reads Meritage Homes's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6,298 | 6,138 | 6,393 | 5,861 | |
| 1,803 | 1,519 | 1,598 | 1,157 | |
| 1,287 | 902 | 958 | 540 | |
| 1,314 | 975 | 1,029 | 610 | |
| 992 | 739 | 786 | 453 | |
| 13.37 | 9.97 | 10.72 | 6.35 | |
| 28.6% | 24.7% | 25.0% | 19.7% | |
| 20.4% | 14.7% | 15.0% | 9.2% | |
| 15.8% | 12.0% | 12.3% | 7.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,772 | 6,353 | 7,163 | 7,622 |
| Cash | 862 | 921 | 652 | 775 |
| Total debt | 1,173 | 1,062 | 1,392 | 1,890 |
| Total liabilities | 1,822 | 1,741 | 2,021 | 2,427 |
| 3,950 | 4,612 | 5,142 | 5,196 | |
| 74 | 74 | 73 | 71 | |
| 19.9% | 13.2% | 12.1% | 6.5% | |
| 25.1% | 16.0% | 15.3% | 8.7% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 405 | 356 | -228 | 118 | |
| 27 | 38 | 29 | 26 | |
| 378 | 317 | -256 | 93 | |
| Dividends paid | 0 | 40 | 109 | 121 |
| 109 | 59 | 126 | 295 | |
| 22 | 23 | 26 | 20 |
Valuation
- 9.6×
- 13.4×
- –
- 0.9×
- 0.7×
- 46.8×
- 8.9×
- 2.1%
- 10.5%
- 3.0%
Profitability
- 19.7%
- 9.2%
- 7.7%
- 9.0%
- 6.7%
- 13.3%
- 7.4%
- 5.1%
- 6.2%
- –
Growth
- −2.4%
- −22.0%
- +136.1%
- –
- −1.3%
Financial health
- 1.8×
- 0.36
- 23.9%
- 773.4×
- 14.19
- -25.41
- 0.74
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 42%of 976
Top 44%of 991
Top 14%of 856
Bottom 14%of 992
Bottom 30%of 979
What analysts expect
- Average price target
- $83.25
- Range
- $77.00 – $90.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 0.86 | 0.98 | −11.9% |
| Jan 28, 2026 | 1.67 | 1.55 | +7.7% |
| Oct 28, 2025 | 1.39 | 1.63 | −14.7% |
| Jul 23, 2025 | 2.04 | 1.99 | +2.5% |
| Apr 23, 2025 | 1.69 | 1.71 | −1.2% |
| Jan 29, 2025 | 4.72 | 4.55 | +3.7% |
| Oct 29, 2024 | 2.67 | 4.97 | −46.3% |
| Jul 24, 2024 | 3.16 | 2.59 | +22.0% |
3.0%of the share price, paid each year
On $1,000 invested$30a year at today's yield, before tax
–per share
Raised2 yearsin a row, in our data
Paid per share, each year
$0.34 in 2023 → $1.72 in 2025
How safe it looks
26.7% of its profit
Room to growStretchedMore than it earns: 130.8%
News
Corn prices fall to 4-mth low ahead of USDA supply reportSeeking Alpha · Nov 9, 2026Fortive jumps to 16-mth high as earnings beat estimates, outlook raisedSeeking Alpha · Oct 28, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
45No pass
Benjamin Graham
92Pass
Philip Fisher
31No pass
Peter Lynch
21No pass
Joel Greenblatt
49No pass
Charlie Munger
38No pass
Terry Smith
23No pass
Questions about Meritage Homes
Is Meritage Homes a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Meritage Homes AI analysis
What does Meritage Homes do?
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It is in Residential Construction, based in Scottsdale, AZ, United States, with 1,860 employees.
Does Meritage Homes pay a dividend?
Yes. At today's price the dividend is 3.0% a year, about 27% of its yearly profit. In 2025 it paid out $121 million in dividends.
Is Meritage Homes stock halal?
No. Meritage Homes does not pass our halal screen: its debt is 44% of its market value, at or above the 33% limit. How we check
How has Meritage Homes stock done over the past year?
Up 0.3% over the past twelve months, to $67.25. It traded between $57.85 and $85.18 and is 21.0% below its high.
Who are Meritage Homes's competitors?
The largest listed companies in the same industry are D.R. Horton, PulteGroup, Lennar and NVR. The peers table on this page compares their profit, growth and price with Meritage Homes's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.