Meritage Homes Corporation (MTH) Financials
Key financial figures for Meritage Homes Corporation (Q3 2026).
Meritage Q3 2026 diluted EPS fell 25% to $1.04 as closings dropped 14% to 3,187 homes and home closing gross margin slid 170 bps to 17.4%. Home closing revenue was $1,162.4 million, down 17% from $1,399.3 million, on 14% fewer closings (3,187 vs 3,685) and a 4% lower closing average sales price ($365,000 vs $380,000), which the company attributes to incentives, rate buy-downs and geographic mix. Home closing gross margin was 17.4% vs 19.1% a year earlier (GAAP). Excluding $6.6 million of inventory impairments and a $0.6 million net credit on terminated land deals, adjusted home closing gross margin was 17.9% vs 20.1%. Figures are for Q3 2026, as Meritage Homes Corporation reported them.
- Revenue
- $1.2B
- Net Income
- $68M
- EPS
- $1.05
- Total Assets
- $7.6B
- Operating Cash Flow
- -$31M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.2B | $68M | $1.04 | -$35M | |
| Q2 FY2026 | $1.5B | $91M | $1.37 | $184M | |
| Q1 FY2026 | $1.1B | $55M | $0.82 | $97M | |
| Q4 FY2025 | $1.4B | $84M | $1.20 | $238M | |
| Q3 FY2025 | $1.4B | $99M | $1.39 | -$104M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $5.9B | $453M | $6.35 | $93M | |
| FY2024 | $6.4B | $786M | $10.72 | -$256M | |
| FY2023 | $6.1B | $739M | $9.96 | $317M |
Frequently asked questions
What was Meritage Homes Corporation's revenue last quarter?
Meritage Homes Corporation reported revenue of $1.17 billion for Q3 FY2026, down 18.0% from the same period a year earlier.
Is Meritage Homes Corporation profitable?
Yes. Meritage Homes Corporation reported net income of $67.8 million for Q3 FY2026, a net margin of 5.8% on revenue.
How much free cash flow did Meritage Homes Corporation generate?
Meritage Homes Corporation generated free cash flow of -$35.3 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Meritage Homes Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.