← Meritage Homes CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $131.7m | $170.7m | $311.5m | $319.5m | $745.6m | $618.3m | $861.6m | $921.2m | $651.6m | $775.2m | |
| Cash and cash equivalents | $131.7m | $170.7m | $311.5m | $319.5m | $745.6m | $618.3m | $861.6m | $921.2m | $651.6m | $775.2m | |
| Other receivables | $70.4m | $79.3m | $77.3m | $88.5m | $98.6m | $147.5m | $215.0m | $267.0m | $256.3m | $307.0m | |
| Prepaids, other assets and goodwill | $75.4m | $85.1m | $84.2m | $114.1m | $103.3m | $124.8m | $164.7m | $218.6m | $203.1m | $221.7m | |
| Property, Plant and Equipment, Net | $33.2m | $33.6m | $54.6m | $50.6m | $38.9m | $37.3m | $38.6m | $49.0m | $47.3m | $46.6m | |
| Goodwill | $33.0m | $33.0m | $33.0m | $33.0m | $33.0m | $33.0m | $33.0m | $33.0m | $33.0m | $33.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $26.3m | $21.6m | $21.0m | $19.1m | $51.3m | $52.9m | $57.0m | |
| Real estate | $2.4b | $2.7b | $2.7b | $2.7b | $2.8b | $3.7b | $4.4b | $4.7b | $5.7b | $6.0b | |
| Real estate not owned | $0 | $38.9m | $0 | — | $0 | $8.0m | $0 | $0 | $0 | $0 | |
| Deposits on real estate under option or contract | $85.6m | $59.9m | $51.4m | $50.9m | $59.5m | $90.7m | $76.7m | $111.4m | $192.4m | $174.2m | |
| Investments in unconsolidated entities | $17.1m | $17.1m | $17.5m | $4.4m | $4.3m | $5.8m | $11.8m | $17.2m | $28.7m | $57.3m | |
| Deferred tax assets, net | — | — | — | $25.9m | $36.0m | $40.7m | $45.5m | $47.6m | $54.5m | $53.3m | |
| Home sale deposits | $28.3m | $34.1m | $28.6m | $24.2m | $25.1m | $42.6m | $38.0m | $36.6m | $20.5m | $9.2m | |
| Loans payable and other borrowings | $32.2m | $17.4m | $14.8m | $22.9m | $23.1m | $17.6m | $7.1m | $13.5m | $29.3m | $24.3m | |
| Senior and convertible senior notes, net | $1.1b | $1.3b | $1.3b | $996.1m | $997.0m | $1.1b | $1.1b | $994.7m | $1.3b | $1.8b | |
| Total stockholders’ equity | $1.4b | $1.6b | $1.7b | $2.0b | $2.3b | $3.0b | $3.9b | $4.6b | $5.1b | $5.2b | |
| Assets | $2.9b | $3.3b | $3.4b | $3.4b | $3.9b | $4.8b | $5.8b | $6.4b | $7.2b | $7.6b | |
| Total assets | $2.9b | $3.3b | $3.4b | $3.4b | $3.9b | $4.8b | $5.8b | $6.4b | $7.2b | $7.6b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders’ equity | $2.9b | $3.3b | $3.4b | $3.4b | $3.9b | $4.8b | $5.8b | $6.4b | $7.2b | $7.6b | |
| Accounts payable | $140.7m | $140.5m | $128.2m | $155.0m | $175.2m | $216.0m | $273.3m | $271.6m | $212.5m | $200.7m | |
| Accrued liabilities | $170.9m | $181.1m | $177.9m | $226.0m | $296.1m | $337.3m | $360.6m | $424.8m | $452.2m | $387.7m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | — | — | — | $8.0m | — | — | |
| Liabilities | $1.5b | $1.7b | $1.6b | $1.4b | $1.5b | $1.8b | $1.8b | $1.7b | $2.0b | $2.4b | |
| Total liabilities | $1.5b | $1.7b | $1.6b | $1.4b | $1.5b | $1.8b | $1.8b | $1.7b | $2.0b | $2.4b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $400k | $403k | $381k | $382k | $375k | $373k | $366k | $364k | $360k | $682k | |
| Retained Earnings (Accumulated Deficit) | $848.6m | $991.8m | $1.2b | $1.5b | $1.9b | $2.6b | $3.6b | $4.3b | $5.0b | $5.2b | |
| Additional Paid in Capital, Common Stock | $572.5m | $584.6m | $501.8m | $505.4m | $455.8m | $414.8m | $327.9m | $291.0m | $143.0m | $0 | |
| Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.01. Authorized 125,000,000 shares; 68,168,923 and 71,921,972 shares issued and outstanding at December 31, 2025 and 2024, respectively | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.4m | 682k | |
| Additional paid-in capital | $572.5m | $584.6m | $501.8m | $505.4m | $455.8m | $414.8m | $327.9m | $291.0m | $143.0m | $0 | |
| Stockholders' Equity Attributable to Parent | $1.4b | $1.6b | $1.7b | $2.0b | $2.3b | $3.0b | $3.9b | $4.6b | $5.1b | $5.2b | |
| Liabilities and Equity | $2.9b | $3.3b | $3.4b | $3.4b | $3.9b | $4.8b | $5.8b | $6.4b | $7.2b | $7.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.