Income Statement - Meritage Homes CORP (MTH)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 5,857.64 | 6,395.04 | 6,113.01 | 6,292.20 | 5,141.32 | 4,501.22 | 3,666.94 | 3,528.58 | 3,240.98 | 3,041.73 | 2,579.46 | 2,179.76 | 1,820.70 | 1,194.45 | 861.24 | 941.66 | 970.31 | 1,523.07 | 2,343.59 | 3,461.32 |
| Cost of revenue | 4,688.24 | 4,796.77 | 4,610.90 | 4,489.31 | 3,703.89 | 3,500.32 | 2,959.45 | 2,868.68 | 2,645.72 | 2,484.82 | 2,064.88 | 1,707.27 | 1,407.32 | 964.00 | 720.14 | 773.96 | 966.26 | 1,559.98 | 2,330.55 | 2,748.69 |
| Gross profit | 1,153.64 | 1,598.27 | 1,502.11 | 1,802.90 | 1,437.43 | 1,000.90 | 707.49 | 659.90 | 595.25 | 556.91 | 514.58 | 472.50 | 413.37 | 230.45 | 141.11 | 167.70 | 4.05 | -36.92 | 13.05 | 712.63 |
| Total operating expenses | 616.17 | 639.93 | 231.72 | 516.25 | 466.85 | 446.92 | 392.82 | 380.38 | 345.69 | 338.90 | 301.27 | 261.34 | 218.23 | 177.36 | 139.10 | 136.58 | 141.83 | 205.09 | 302.63 | 380.82 |
| Operating income | 537.48 | 958.35 | 1,270.39 | 1,286.65 | 970.58 | 553.98 | 314.67 | 279.52 | 249.57 | 218.02 | 213.31 | 211.16 | 195.15 | 67.44 | 2.01 | 31.11 | -133.77 | -242.01 | -289.58 | 331.81 |
| Non-operating income (net) | 47.12 | 44.53 | -320.96 | 2.67 | -15.74 | -20.42 | -11.73 | 3.73 | -2.05 | 0.04 | -23.85 | -2.74 | -17.47 | -38.58 | -22.39 | -28.63 | -21.03 | -33.96 | -166.90 | 32.20 |
| Income before tax | 584.60 | 1,002.87 | 949.43 | 1,289.32 | 954.83 | 533.57 | 302.95 | 283.25 | 247.52 | 218.06 | 189.46 | 208.42 | 177.67 | 28.85 | -20.38 | 2.48 | -154.80 | -275.97 | -456.48 | 364.01 |
| Income tax expense | 131.59 | 216.68 | -210.68 | 297.13 | 217.39 | 110.09 | 53.28 | 55.92 | 104.26 | 68.52 | 60.73 | 66.18 | 53.21 | -76.31 | 0.73 | -4.67 | -88.34 | 15.97 | -167.63 | 138.66 |
| Net income | 453.01 | 786.19 | 738.75 | 992.19 | 737.44 | 423.48 | 249.66 | 227.33 | 143.26 | 149.54 | 128.74 | 142.24 | 124.46 | 105.16 | -21.11 | 7.15 | -66.46 | -291.94 | -288.85 | 225.35 |
Show Quarterly Income Statement
Income Statement - Meritage Homes CORP (MTH)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,123.47 | 1,435.76 | 1,424.19 | 1,633.41 | 1,364.61 | 1,621.71 | 1,596.52 | 1,702.05 | 1,474.75 | 1,660.41 | 1,619.21 | 1,573.61 | 1,285.04 | 1,998.75 | 1,584.33 | 1,417.52 | 1,291.61 | 1,504.41 | 1,265.11 | 1,283.26 | 1,088.53 | 1,415.71 | 1,143.03 | 1,037.56 | 904.93 | 1,141.60 | 945.20 | 868.77 | 711.37 | 1,013.19 | 888.41 | 881.37 | 745.61 | 950.49 | 809.15 | 805.63 | 675.72 | 884.10 | 756.00 | 801.37 | 600.27 | 784.71 | 672.96 | 600.54 | 521.25 | 701.94 | 559.53 | 508.06 | 410.24 | 538.27 | 493.76 | 451.38 | 337.28 | 365.11 | 342.90 | 282.10 | 204.35 | 245.99 | 217.53 | 220.13 | 177.59 | 214.64 | 233.80 | 291.41 | 201.80 | 285.82 | 231.82 | 221.54 | 231.14 | 399.58 | 374.77 | 375.30 | 373.43 | 618.91 | 578.57 | 568.67 | 577.45 | 821.19 | 878.20 | 914.66 | 847.27 |
| Cost of revenue | 923.39 | 1,200.49 | 1,148.45 | 1,287.19 | 1,062.23 | 1,241.41 | 1,200.17 | 1,257.71 | 1,097.48 | 1,238.33 | 1,183.69 | 1,199.01 | 998.22 | 1,492.99 | 1,128.44 | 968.05 | 899.83 | 1,064.19 | 888.45 | 933.68 | 817.57 | 1,067.86 | 894.64 | 814.52 | 723.34 | 910.73 | 753.52 | 705.36 | 589.84 | 809.95 | 723.58 | 716.89 | 618.27 | 765.87 | 657.43 | 659.16 | 561.66 | 716.73 | 618.17 | 657.51 | 492.42 | 620.29 | 541.11 | 481.66 | 421.83 | 552.72 | 444.47 | 394.44 | 315.65 | 409.18 | 376.29 | 352.17 | 269.69 | 292.22 | 277.07 | 230.53 | 169.11 | 212.80 | 179.59 | 180.54 | 147.20 | 180.66 | 191.24 | 238.51 | 163.55 | 282.77 | 208.91 | 260.76 | 213.82 | 448.01 | 381.03 | 358.68 | 372.26 | 642.92 | 641.61 | 558.91 | 487.11 | 721.23 | 700.19 | 694.04 | 633.23 |
| Gross profit | 196.19 | 235.26 | 271.63 | 346.22 | 302.38 | 380.31 | 396.35 | 444.34 | 377.28 | 422.08 | 435.52 | 374.60 | 286.82 | 505.76 | 455.89 | 449.47 | 391.78 | 440.22 | 376.66 | 349.58 | 270.96 | 347.84 | 248.39 | 223.04 | 181.58 | 230.88 | 191.67 | 163.41 | 121.53 | 203.24 | 164.84 | 164.48 | 127.34 | 184.62 | 151.72 | 146.47 | 114.05 | 167.38 | 137.83 | 143.87 | 107.84 | 164.43 | 131.85 | 118.89 | 99.42 | 149.22 | 115.06 | 113.62 | 94.60 | 129.09 | 117.48 | 99.22 | 67.59 | 72.89 | 65.83 | 51.57 | 35.24 | 33.19 | 37.94 | 39.59 | 30.39 | 33.98 | 42.56 | 52.90 | 38.26 | 3.05 | 22.90 | -39.23 | 17.32 | -48.43 | -6.26 | 16.62 | 1.17 | -24.01 | -63.04 | 9.76 | 90.34 | 99.96 | 178.01 | 220.62 | 214.04 |
| Total operating expenses | 130.87 | 148.93 | 151.51 | 164.01 | 151.72 | 172.70 | 157.10 | 157.85 | 152.28 | 176.12 | 162.21 | 147.94 | 130.37 | 167.07 | 126.33 | 117.32 | 105.54 | 127.97 | 116.14 | 117.05 | 105.69 | 130.98 | 114.02 | 106.58 | 95.34 | 111.16 | 100.64 | 94.90 | 86.12 | 105.51 | 96.19 | 95.03 | 83.65 | 95.97 | 87.48 | 84.29 | 77.94 | 92.09 | 85.74 | 85.28 | 75.80 | 77.22 | 76.87 | 72.82 | 71.26 | 78.63 | 69.43 | 60.68 | 52.61 | 61.11 | 57.88 | 56.16 | 45.99 | 43.77 | 53.83 | 39.63 | 33.70 | 38.64 | 36.17 | 33.84 | 30.44 | 31.03 | 35.30 | 38.34 | 31.92 | 40.28 | 32.65 | 31.87 | 33.01 | 51.34 | 54.58 | 10.45 | 55.06 | 81.24 | 70.91 | 104.43 | 74.00 | 95.60 | 90.28 | 104.19 | 90.75 |
| Operating income | 65.32 | 86.34 | 120.12 | 182.21 | 150.66 | 207.61 | 239.25 | 286.49 | 224.99 | 245.96 | 273.31 | 226.66 | 156.46 | 338.69 | 329.57 | 332.15 | 286.24 | 312.25 | 260.52 | 232.54 | 165.27 | 216.87 | 134.37 | 116.45 | 86.24 | 119.72 | 91.03 | 68.50 | 35.41 | 97.73 | 68.65 | 69.45 | 43.70 | 88.65 | 64.23 | 62.18 | 36.11 | 75.29 | 52.09 | 58.59 | 32.05 | 87.21 | 54.97 | 46.07 | 28.16 | 70.59 | 45.63 | 52.94 | 41.99 | 67.98 | 59.60 | 45.59 | 21.99 | 28.27 | 20.76 | 11.93 | 1.54 | -5.45 | 1.77 | 5.74 | -0.05 | 2.95 | 7.26 | 14.56 | 6.34 | -37.23 | -9.75 | -71.10 | -15.69 | -99.77 | -60.84 | 6.16 | -53.89 | -105.25 | -133.95 | -94.67 | 16.34 | 4.37 | 87.73 | 116.43 | 123.29 |
| Non-operating income (net) | 7.21 | 16.80 | 8.13 | 10.85 | 9.50 | 13.95 | 10.68 | 10.87 | 9.02 | 12.91 | 12.42 | 12.86 | 8.84 | 3.56 | -0.07 | -0.46 | -0.36 | -0.75 | 1.19 | -16.89 | 0.71 | -21.50 | 1.13 | -0.59 | 0.60 | -9.19 | 1.33 | -0.83 | -3.04 | -5.95 | 2.76 | 1.73 | 5.19 | -4.56 | -0.78 | 1.03 | 0.66 | 1.05 | 1.71 | 0.45 | -3.16 | -11.13 | -8.31 | -4.65 | -2.86 | -4.20 | 1.40 | 2.29 | -2.23 | -2.10 | -2.81 | -7.05 | -5.51 | -4.67 | -13.78 | -9.09 | -6.11 | -6.16 | -4.84 | -5.00 | -6.39 | -8.37 | -6.53 | -10.17 | -3.56 | -9.77 | -7.89 | -0.80 | -2.58 | -9.67 | -0.74 | -40.32 | -16.89 | -92.23 | -58.47 | 5.47 | 6.28 | 9.25 | 6.72 | 8.73 | 7.50 |
| Income before tax | 72.52 | 103.13 | 128.25 | 193.06 | 160.16 | 221.56 | 249.93 | 297.36 | 234.02 | 258.87 | 285.73 | 239.52 | 165.30 | 342.25 | 329.49 | 331.70 | 285.88 | 311.50 | 261.71 | 215.65 | 165.98 | 195.37 | 135.51 | 115.86 | 86.83 | 110.54 | 92.37 | 67.67 | 32.37 | 91.78 | 71.41 | 71.19 | 48.88 | 84.09 | 63.46 | 63.21 | 36.77 | 76.34 | 53.80 | 59.04 | 28.89 | 76.09 | 46.67 | 41.41 | 25.30 | 66.39 | 47.03 | 55.24 | 39.76 | 65.88 | 56.79 | 38.53 | 16.48 | 23.60 | 6.99 | 2.84 | -4.57 | -11.60 | -3.08 | 0.75 | -6.44 | -5.42 | 0.73 | 4.39 | 2.78 | -47.00 | -17.64 | -71.89 | -18.27 | -109.44 | -61.58 | -34.16 | -70.78 | -197.48 | -192.42 | -89.20 | 22.62 | 13.62 | 94.45 | 125.15 | 130.79 |
| Income tax expense | 17.22 | 19.10 | 28.95 | 46.18 | 37.35 | 48.91 | 53.97 | 65.81 | 48.00 | 60.02 | 63.97 | 52.69 | 34.00 | 79.88 | 67.00 | 81.61 | 68.63 | 74.04 | 60.96 | 48.26 | 34.13 | 42.84 | 26.39 | 25.18 | 15.68 | 6.92 | 22.56 | 16.85 | 6.96 | 16.29 | 17.27 | 17.35 | 5.01 | 48.54 | 20.91 | 21.63 | 13.20 | 24.53 | 16.92 | 19.16 | 7.92 | 23.19 | 16.36 | 12.28 | 8.90 | 17.19 | 14.45 | 20.16 | 14.38 | 19.79 | 18.60 | 10.39 | 4.43 | -71.53 | 0.20 | -5.16 | 0.18 | 0.17 | 0.16 | 0.19 | 0.22 | -4.52 | -0.49 | 0.23 | 0.12 | -90.28 | 0.15 | 1.71 | 0.09 | -30.29 | 82.43 | -10.69 | -25.48 | -68.64 | -73.87 | -32.63 | 7.50 | 4.60 | 34.91 | 48.10 | 51.06 |
| Net income | 55.31 | 84.03 | 99.30 | 146.88 | 122.81 | 172.65 | 195.97 | 231.56 | 186.02 | 198.85 | 221.76 | 186.84 | 131.30 | 262.37 | 262.49 | 250.08 | 217.25 | 237.46 | 200.75 | 167.39 | 131.84 | 152.53 | 109.12 | 90.68 | 71.15 | 103.61 | 69.81 | 50.83 | 25.41 | 75.49 | 54.14 | 53.84 | 43.87 | 35.55 | 42.55 | 41.58 | 23.57 | 51.81 | 36.89 | 39.88 | 20.97 | 52.90 | 30.31 | 29.13 | 16.40 | 49.21 | 32.58 | 35.08 | 25.38 | 46.09 | 38.19 | 28.14 | 12.04 | 95.13 | 6.78 | 8.01 | -4.75 | -11.77 | -3.24 | 0.56 | -6.66 | -0.90 | 1.22 | 4.17 | 2.66 | 43.29 | -17.79 | -73.60 | -18.36 | -79.15 | -144.01 | -23.47 | -45.31 | -128.84 | -118.55 | -56.58 | 15.12 | 9.02 | 59.54 | 77.06 | 79.74 |