← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total closing revenue | $3.0b | $3.2b | $7.0b | $7.3b | $9.0b | $10.3b | $12.6b | $12.3b | $12.8b | $11.7b | |
| Cost of goods and services sold | ($5.0b) |
($5.3b)
-6.50%
|
($5.8b)
-8.42%
|
($5.9b)
-3.00%
|
($7.0b)
-18.57%
|
($7.4b)
-5.12%
|
($9.0b)
-21.10%
|
($9.2b)
-2.73%
|
($9.6b)
-3.77%
|
($9.4b)
+1.96%
|
|
| Cost of revenue | ($5.6m) |
($6.0m)
-7.50%
|
($6.5m)
-7.46%
|
($6.8m)
-5.07%
|
($7.8m)
-14.98%
|
($9.2m)
-17.76%
|
($11.1m)
-21.25%
|
($12.1m)
-8.94%
|
($14.7m)
-20.85%
|
($17.6m)
-19.82%
|
|
| Gross Profit | $531.2m |
$566.5m
+6.64%
|
$1.3b
+126.36%
|
$1.4b
+7.60%
|
$1.9b
+40.28%
|
$2.9b
+47.38%
|
$3.6b
+25.76%
|
$3.0b
-15.66%
|
$3.2b
+5.17%
|
$2.3b
-27.89%
|
|
| Selling and Marketing Expense | $215.1m | $221.6m | $241.9m | $246.7m | $287.9m | $285.4m | $323.3m | $384.9m | $409.1m | $404.4m | |
| General and Administrative Expense | $123.8m | $124.0m | $138.5m | $146.1m | $159.0m | $181.4m | $193.0m | $231.7m | $230.9m | $211.8m | |
| Operating Lease, Expense | — | — | — | $7.0m | $7.7m | $7.6m | $7.8m | $8.7m | $9.8m | $10.6m | |
| Interest Expense | $5.2m | $3.9m | $785k | $8.4m | $2.2m | $318k | $41k | $0 | $0 | $0 | |
| Other Nonoperating Income (Expense) | $5.0m | $6.4m | $10.6m | $9.6m | $6.7m | $4.9m | $2.7m | $47.9m | $45.2m | $44.1m | |
| Income (Loss) from Equity Method Investments | $19.0m | $16.0m | $16.3m | $11.9m | $4.5m | $4.7m | $6.1m | $6.4m | $9.2m | $4.0m | |
| Other income, net | $5.0m | $6.4m | $10.6m | $9.6m | $6.7m | $4.9m | $2.7m | $47.9m | $45.2m | $44.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $218.1m | $247.5m | $283.3m | $302.9m | $533.6m | $954.8m | $1.3b | $949.4m | $1.0b | $584.6m | |
| Current Income Tax Expense (Benefit) | $62.6m | $85.0m | $47.1m | $52.7m | $120.2m | $220.4m | $300.7m | $212.1m | $207.1m | $130.6m | |
| Provision for income taxes | ($68.5m) | ($104.3m) | ($55.9m) | ($53.3m) | ($110.1m) | ($217.4m) | ($297.1m) | ($210.7m) | ($216.7m) | ($131.6m) | |
| Net earnings | $149.5m |
$143.3m
-4.20%
|
$227.3m
+58.69%
|
$249.7m
+9.82%
|
$423.5m
+69.62%
|
$737.4m
+74.14%
|
$992.2m
+34.54%
|
$738.7m
-25.54%
|
$786.2m
+6.42%
|
$453.0m
-42.38%
|
|
| Net Income (Loss) Attributable to Parent | $149.5m |
$143.3m
-4.20%
|
$227.3m
+58.69%
|
$249.7m
+9.82%
|
$423.5m
+69.62%
|
$737.4m
+74.14%
|
$992.2m
+34.54%
|
$738.7m
-25.54%
|
$786.2m
+6.42%
|
$453.0m
-42.38%
|
|
| Earnings Per Share, Basic | $0.94 | $0.89 | $1.42 | $1.64 | $2.81 | $4.90 | $6.76 | $5.04 | $2.71 | $6.40 | |
| Earnings Per Share, Diluted | $0.89 | $0.85 | $1.40 | $1.60 | $2.75 | $4.82 | $6.68 | $4.98 | $2.68 | $6.35 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.38 | $0.43 | |
| Weighted Average Number of Shares Outstanding, Basic | 159.9m | 161.1m | 160.4m | 152.4m | 150.9m | 150.4m | 146.8m | 146.5m | 289.9m | 70.8m | |
| Basic (in shares) | $40.0m | $40.3m | $40.1m | $38.1m | $37.7m | $37.6m | $36.7m | $36.6m | $72.5m | $70.8m | |
| Diluted (in shares) | $42.6m | $42.2m | $40.7m | $38.9m | $38.5m | $38.2m | $37.1m | $37.1m | $73.3m | $71.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 170.3m | 168.9m | 162.9m | 155.6m | 153.9m | 152.9m | 148.4m | 148.3m | 293.3m | 71.3m | |
| Additional Financial Items | |||||||||||
| Earnings/(loss) from financial services unconsolidated entities and other, net | — | — | — | $10.9m | $5.1m | $6.0m | $6.0m | ($656k) | ($2.1m) | $3.0m | |
| Commissions and other sales costs | ($215.1m) | ($221.6m) | ($241.9m) | ($246.7m) | ($287.9m) | ($285.4m) | ($323.3m) | ($384.9m) | ($409.1m) | ($404.4m) | |
| Loss on early extinguishment of debt | — | ($278k) | $0 | ($5.6m) | $0 | ($18.2m) | $0 | ($907k) | ($631k) | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.