MTH
Income statement / Annual
Last year (2023), Meritage Homes Corporation's total revenue was $6.14 B,
a decrease of 2.54% from the previous year.
In 2023, Meritage Homes Corporation's net income was $738.75 M.
See Meritage Homes Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$6.14 B
|
$6.30 B
|
$5.15 B
|
$4.51 B
|
$3.68 B
|
$3.54 B
|
$3.25 B
|
$3.06 B
|
$2.59 B
|
$2.19 B
|
| Cost of Revenue |
$4.61 B |
$4.50 B |
$3.71 B |
$3.53 B |
$2.98 B |
$2.89 B |
$2.67 B |
$2.50 B |
$2.08 B |
$1.72 B |
| Gross Profit |
$1.53 B |
$1.80 B |
$1.44 B |
$976.00 M |
$700.19 M |
$653.20 M |
$588.55 M |
$553.11 M |
$507.98 M |
$468.80 M |
| Gross Profit Ratio |
0.25 |
0.29 |
0.28 |
0.22 |
0.19 |
0.18 |
0.18 |
0.18 |
0.2 |
0.21 |
| 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 |
$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
|
$104.60 M
|
| Selling & Marketing
Expenses |
$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
|
$156.74 M
|
| Selling, General &
Administrative Expenses |
$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
|
$261.34 M
|
| Other Expenses |
$0.00 |
$2.71 M |
$4.86 M |
$6.66 M |
$9.58 M |
$10.62 M |
$6.41 M |
$4.95 M |
-$946,000.00 |
$6.57 M |
| Operating Expenses |
$231.72 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 |
$261.34 M |
| Cost And Expenses |
$4.84 B |
$5.01 B |
$4.18 B |
$3.98 B |
$3.37 B |
$3.27 B |
$3.01 B |
$2.84 B |
$2.39 B |
$1.98 B |
| Interest Income |
$0.00 |
$41,000.00 |
$318,000.00 |
$2.18 M |
$8.37 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$0.00 |
$41,000.00 |
$318,000.00 |
$2.18 M |
$8.37 M |
$785,000.00 |
$3.85 M |
$5.17 M |
$15.97 M |
$5.16 M |
| Depreciation &
Amortization |
$23.50 M
|
$24.75 M
|
$26.25 M
|
$31.05 M
|
$22.72 M
|
$26.97 M
|
$16.70 M
|
$14.30 M
|
$14.24 M
|
$11.61 M
|
| EBITDA |
$927.72 M
|
$1.31 B
|
$999.59 M
|
$566.80 M
|
$328.62 M
|
$311.01 M
|
$268.08 M
|
$237.53 M
|
$227.55 M
|
$225.19 M
|
| EBITDA Ratio |
0.15 |
0.21 |
0.19 |
0.13 |
0.09 |
0.09 |
0.08 |
0.08 |
0.08 |
0.1 |
| Operating Income Ratio
|
0.21
|
0.2
|
0.19
|
0.12
|
0.09
|
0.08
|
0.07
|
0.07
|
0.08
|
0.09
|
| Total Other
Income/Expenses Net |
-$320.96 M
|
-$290.72 M
|
-$13.64 M
|
-$287.82 M
|
-$4.43 M
|
-$210.22 M
|
$4.65 M
|
$3.84 M
|
-$17.25 M
|
$962,000.00
|
| Income Before Tax |
$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 |
$208.42 M |
| Income Before Tax Ratio
|
0.15
|
0.2
|
0.19
|
0.12
|
0.08
|
0.08
|
0.08
|
0.07
|
0.07
|
0.1
|
| Income Tax Expense |
$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 |
$66.18 M |
| Net Income |
$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 |
$142.24 M |
| Net Income Ratio |
0.12 |
0.16 |
0.14 |
0.09 |
0.07 |
0.06 |
0.04 |
0.05 |
0.05 |
0.06 |
| EPS |
20.17 |
27.04 |
19.61 |
11.23 |
6.55 |
5.67 |
3.56 |
3.74 |
3.25 |
3.65 |
| EPS Diluted |
19.93 |
26.74 |
19.29 |
11 |
6.42 |
5.58 |
3.41 |
3.55 |
3.09 |
3.46 |
| Weighted Average Shares
Out |
$36.62 M
|
$36.69 M
|
$37.61 M
|
$37.72 M
|
$38.10 M
|
$40.11 M
|
$40.29 M
|
$39.98 M
|
$39.59 M
|
$39.02 M
|
| Weighted Average Shares
Out Diluted |
$37.07 M
|
$37.10 M
|
$38.23 M
|
$38.48 M
|
$38.89 M
|
$40.73 M
|
$42.23 M
|
$42.59 M
|
$42.16 M
|
$41.61 M
|
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