Meritage Homes CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Meritage Homes CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $171.23M | Feb 12, 2018 |
| FY2017 | Sep 30, 2017 | $144.60M | Feb 12, 2018 |
| FY2017 | Jun 30, 2017 | $140.91M | Feb 12, 2018 |
| FY2017 | Mar 31, 2017 | $109.76M | Feb 12, 2018 |
| FY2017 | Dec 31, 2016 | $157.44M | Feb 12, 2018 |
| FY2017 | Sep 30, 2016 | $131.87M | Feb 12, 2018 |
| FY2017 | Jun 30, 2016 | $138.10M | Feb 12, 2018 |
| FY2017 | Mar 31, 2016 | $103.80M | Feb 12, 2018 |
| FY2016 | Dec 31, 2015 | $152.08M | Feb 17, 2017 |
| FY2016 | Sep 30, 2015 | $126.24M | Feb 17, 2017 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $453.01M | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $786.19M | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | $738.75M | Feb 13, 2026 |
| FY2024 | Dec 31, 2022 | $992.19M | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $737.44M | Feb 14, 2024 |
| FY2020 | Dec 31, 2020 | $152.53M | Feb 12, 2021 |
| FY2020 | Sep 30, 2020 | $109.12M | Feb 12, 2021 |
| FY2020 | Jun 30, 2020 | $90.68M | Feb 12, 2021 |
| FY2020 | Mar 31, 2020 | $71.15M | Feb 12, 2021 |
| FY2020 | Dec 31, 2019 | $103.61M | Feb 12, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2014 | Dec 31, 2014 | $224.52M | Feb 17, 2015 |
| FY2014 | Dec 31, 2013 | $209.41M | Feb 17, 2015 |
| FY2014 | Dec 31, 2012 | $77.80M | Feb 17, 2015 |
| FY2013 | Dec 31, 2011 | $22.94M | Feb 19, 2014 |
| FY2012 | Dec 31, 2010 | $51.54M | Feb 22, 2013 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $118.29M | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | ($227.58M) | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | $355.57M | Feb 13, 2026 |
| FY2024 | Dec 31, 2022 | $405.27M | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | ($152.09M) | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $530.36M | Feb 15, 2023 |
| FY2021 | Dec 31, 2019 | $346.82M | Feb 16, 2022 |
| FY2020 | Dec 31, 2018 | $262.20M | Feb 12, 2021 |
| FY2019 | Dec 31, 2017 | ($87.13M) | Feb 18, 2020 |
| FY2018 | Dec 31, 2016 | ($103.40M) | Feb 15, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $25.72M | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $28.66M | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | $38.19M | Feb 13, 2026 |
| FY2024 | Dec 31, 2022 | $26.97M | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $25.66M | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $19.93M | Feb 15, 2023 |
| FY2021 | Dec 31, 2019 | $24.39M | Feb 16, 2022 |
| FY2020 | Dec 31, 2018 | $33.42M | Feb 12, 2021 |
| FY2019 | Dec 31, 2017 | $18.10M | Feb 18, 2020 |
| FY2018 | Dec 31, 2016 | $16.66M | Feb 15, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.62B | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $7.16B | Feb 13, 2026 |
| FY2024 | Dec 31, 2023 | $6.35B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $5.77B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $4.81B | Feb 15, 2023 |
| FY2021 | Dec 31, 2020 | $3.86B | Feb 16, 2022 |
| FY2020 | Dec 31, 2019 | $3.40B | Feb 12, 2021 |
| FY2019 | Dec 31, 2018 | $3.37B | Feb 18, 2020 |
| FY2018 | Dec 31, 2017 | $3.25B | Feb 15, 2019 |
| FY2017 | Dec 31, 2016 | $2.89B | Feb 12, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.43B | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $2.02B | Feb 13, 2026 |
| FY2024 | Dec 31, 2023 | $1.74B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $1.82B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $1.76B | Feb 15, 2023 |
| FY2021 | Dec 31, 2020 | $1.52B | Feb 16, 2022 |
| FY2020 | Dec 31, 2019 | $1.42B | Feb 12, 2021 |
| FY2019 | Dec 31, 2018 | $1.64B | Feb 18, 2020 |
| FY2018 | Dec 31, 2017 | $1.67B | Feb 15, 2019 |
| FY2017 | Dec 31, 2016 | $1.47B | Feb 12, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.20B | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $5.14B | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | $4.61B | Feb 13, 2026 |
| FY2025 | Dec 31, 2022 | $3.95B | Feb 13, 2026 |
| FY2024 | Dec 31, 2021 | $3.04B | Feb 20, 2025 |
| FY2023 | Dec 31, 2020 | $2.35B | Feb 14, 2024 |
| FY2022 | Dec 31, 2019 | $1.97B | Feb 15, 2023 |
| FY2021 | Dec 31, 2018 | $1.72B | Feb 16, 2022 |
| FY2020 | Dec 31, 2017 | $1.58B | Feb 12, 2021 |
| FY2019 | Dec 31, 2016 | $1.42B | Feb 18, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $32.96M | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $32.96M | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | $32.96M | Feb 13, 2026 |
| FY2024 | Dec 31, 2022 | $32.96M | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $32.96M | Feb 14, 2024 |
| FY2022 | Dec 31, 2020 | $32.96M | Feb 15, 2023 |
| FY2021 | Dec 31, 2019 | $32.96M | Feb 16, 2022 |
| FY2020 | Dec 31, 2018 | $32.96M | Feb 12, 2021 |
| FY2019 | Dec 31, 2017 | $32.96M | Feb 18, 2020 |
| FY2018 | Dec 31, 2016 | $32.96M | Feb 15, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.19B | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $5.00B | Feb 13, 2026 |
| FY2024 | Dec 31, 2023 | $4.32B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $3.62B | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $2.63B | Feb 15, 2023 |
| FY2021 | Dec 31, 2020 | $1.89B | Feb 16, 2022 |
| FY2020 | Dec 31, 2019 | $1.47B | Feb 12, 2021 |
| FY2019 | Dec 31, 2018 | $1.22B | Feb 18, 2020 |
| FY2018 | Dec 31, 2017 | $991.84M | Feb 15, 2019 |
| FY2017 | Dec 31, 2016 | $848.59M | Feb 12, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $775.16M | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | $651.56M | Feb 13, 2026 |
| FY2024 | Dec 31, 2023 | $921.23M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $861.56M | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | $618.34M | Feb 15, 2023 |
| FY2021 | Dec 31, 2020 | $745.62M | Feb 16, 2022 |
| FY2020 | Dec 31, 2019 | $319.47M | Feb 12, 2021 |
| FY2019 | Dec 31, 2018 | $311.47M | Feb 18, 2020 |
| FY2018 | Dec 31, 2017 | $170.75M | Feb 15, 2019 |
| FY2018 | Dec 31, 2016 | $131.70M | Feb 15, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2013 | Dec 31, 2013 | $905.06M | Feb 19, 2014 |
| FY2012 | Dec 31, 2012 | $726.33M | Feb 22, 2013 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6 | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | 10 | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | 10 | Feb 13, 2026 |
| FY2024 | Dec 31, 2022 | 13 | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | 19 | Feb 14, 2024 |
| FY2020 | Dec 31, 2020 | 4 | Feb 12, 2021 |
| FY2020 | Sep 30, 2020 | 2 | Feb 12, 2021 |
| FY2020 | Jun 30, 2020 | 2 | Feb 12, 2021 |
| FY2020 | Mar 31, 2020 | 1 | Feb 12, 2021 |
| FY2020 | Dec 31, 2019 | 2 | Feb 12, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6 | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | 10 | Feb 13, 2026 |
| FY2025 | Dec 31, 2023 | 9 | Feb 13, 2026 |
| FY2024 | Dec 31, 2022 | 13 | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | 19 | Feb 14, 2024 |
| FY2020 | Dec 31, 2020 | 3 | Feb 12, 2021 |
| FY2020 | Sep 30, 2020 | 2 | Feb 12, 2021 |
| FY2020 | Jun 30, 2020 | 2 | Feb 12, 2021 |
| FY2020 | Mar 31, 2020 | 1 | Feb 12, 2021 |
| FY2020 | Dec 31, 2019 | 2 | Feb 12, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 68.17M | Feb 13, 2026 |
| FY2025 | Dec 31, 2024 | 71.92M | Feb 13, 2026 |
| FY2024 | Dec 31, 2023 | 72.85M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | 36.57M | Feb 14, 2024 |
| FY2022 | Dec 31, 2021 | 37.34M | Feb 15, 2023 |
| FY2021 | Dec 31, 2020 | 37.51M | Feb 16, 2022 |
| FY2020 | Dec 31, 2019 | 38.20M | Feb 12, 2021 |
| FY2019 | Dec 31, 2018 | 38.07M | Feb 18, 2020 |