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About the company
Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. Its segments include Homebuilding and Financial Services. The Homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The Financial Services segment offer title and escrow, mortgage, and insurance services. It has operations in three regions: West, Central and East, which are comprised of 10 states: Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. These three regions are its principal homebuilding reporting segments. Its homebuilding activities are conducted under the name of Meritage Homes in each of its homebuilding markets. It also operates Carefree Title Agency, Inc., its wholly owned title company, which provides title insurance and closing/settlement services to its homebuyers in certain states.
- Revenue in USD (TTM)6.33bn
- Net income in USD793.46m
- Incorporated1988
- Employees1.84k
- LocationMeritage Homes Corp18655 North Claret Drive, Suite 400SCOTTSDALE 85255United StatesUSA
- Phone+1 (480) 515-8100
- Fax+1 (480) 998-9162
- Websitehttps://www.meritagehomes.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AC Partners Inc | 1.81m | 133.10k | 3.24bn | 1.00 | -- | -- | -- | 1,789.44 | 0.0808 | 0.0808 | 1.10 | 0.3744 | -- | -- | -- | -- | -- | -- | -- | -- | 51.04 | -- | 7.34 | -- | 14.22 | -- | 0.1188 | -- | 41.88 | -- | -131.61 | -- | -- | -- |
| Sterling Infrastructure Inc | 1.97bn | 138.66m | 3.30bn | 3.00k | 23.85 | 5.29 | 16.47 | 1.67 | 4.44 | 4.44 | 63.27 | 20.01 | 1.23 | -- | 5.53 | 657,409.70 | 8.88 | 6.84 | 13.70 | 10.08 | 17.12 | 14.69 | 7.24 | 5.19 | -- | 13.61 | 0.3538 | -- | 11.46 | 13.71 | 43.36 | 40.97 | -- | -- |
| M/I Homes Inc | 4.08bn | 500.36m | 3.33bn | 1.61k | 6.92 | 1.26 | 6.46 | 0.8169 | 17.36 | 17.36 | 141.51 | 95.07 | 1.02 | 1.11 | -- | 2,538,690.00 | 12.55 | 11.68 | 13.67 | 13.04 | 26.17 | 23.78 | 12.26 | 9.85 | -- | -- | 0.2582 | 0.00 | -2.37 | 12.02 | -5.16 | 34.01 | -6.66 | -- |
| Dream Finders Homes Inc | 3.75bn | 282.42m | 3.40bn | 1.24k | 13.55 | 3.65 | 11.15 | 0.9074 | 2.68 | 2.68 | 35.45 | 11.53 | 1.52 | 2.05 | 100.82 | 3,032,837.00 | 12.48 | 12.12 | 15.86 | 15.94 | 22.93 | 19.83 | 8.21 | 7.77 | -- | 4.91 | 0.4315 | -- | 12.15 | 48.32 | 13.97 | 76.00 | -14.00 | -- |
| Tri Pointe Homes Inc (Delaware) | 3.72bn | 343.70m | 3.64bn | 1.44k | 10.94 | 1.20 | 9.67 | 0.9785 | 3.46 | 3.46 | 37.27 | 31.52 | 0.7712 | 0.8756 | 27.35 | 2,583,591.00 | 7.25 | 8.86 | 8.09 | 9.92 | 23.27 | 24.03 | 9.40 | 10.28 | -- | 4,558.42 | 0.3145 | 0.00 | -14.56 | 2.63 | -40.34 | 5.01 | -4.32 | -- |
| Dycom Industries Inc | 4.18bn | 218.92m | 4.15bn | 15.61k | 19.36 | 3.94 | 10.87 | 0.9946 | 7.37 | 7.37 | 140.66 | 36.25 | 1.73 | 30.08 | 3.59 | 267,476.40 | 9.06 | 4.58 | 11.36 | 5.63 | 19.49 | 17.42 | 5.24 | 2.83 | 2.85 | 6.14 | 0.4341 | 0.00 | 9.64 | 5.95 | 53.94 | 28.33 | 5.78 | -- |
| Exponent Inc | 541.39m | 101.36m | 4.81bn | 1.32k | 48.43 | 12.86 | 43.52 | 8.89 | 1.97 | 1.97 | 10.50 | 7.40 | 0.9055 | -- | 3.22 | 410,143.90 | 16.95 | 15.78 | 20.84 | 20.49 | 93.41 | 92.81 | 18.72 | 20.09 | -- | -- | -- | 47.32 | 4.57 | 7.18 | -1.95 | 6.79 | 0.0711 | 14.87 |
| KB Home | 6.49bn | 598.85m | 4.98bn | 2.21k | 8.88 | 1.40 | 7.78 | 0.7669 | 7.39 | 7.39 | 79.91 | 46.99 | 0.9841 | 0.9532 | 34.66 | 2,945,162.00 | 9.14 | 8.83 | 10.83 | 10.66 | 21.56 | 21.50 | 9.29 | 9.13 | -- | -- | 0.3036 | 8.79 | -7.14 | 7.11 | -27.89 | 15.76 | 36.92 | 45.41 |
| Taylor Morrison Home Corp | 7.42bn | 768.93m | 6.11bn | 2.80k | 8.25 | 1.16 | 7.60 | 0.823 | 6.98 | 6.98 | 67.36 | 49.71 | 0.8654 | 1.03 | 39.45 | 2,649,225.00 | 8.98 | 8.11 | 10.46 | 9.44 | 24.04 | 21.49 | 10.38 | 8.85 | -- | -- | 0.2745 | -- | -9.81 | 11.90 | -26.96 | 30.09 | 10.32 | -- |
| Meritage Homes Corp | 6.33bn | 793.46m | 6.16bn | 1.84k | 7.90 | 1.30 | 7.51 | 0.9727 | 21.44 | 21.44 | 171.03 | 129.98 | 1.02 | 1.10 | 27.96 | 3,442,861.00 | 12.84 | 13.84 | 14.51 | 15.71 | 19.13 | 18.95 | 12.54 | 12.20 | -- | 206.66 | 0.175 | 1.26 | -2.45 | 11.71 | -25.54 | 26.89 | 2.71 | -- |
| Installed Building Products Inc | 2.78bn | 243.70m | 6.82bn | 10.60k | 27.84 | 10.14 | 20.02 | 2.45 | 8.61 | 8.61 | 98.16 | 23.63 | 1.48 | 10.89 | 6.30 | 262,132.10 | 12.96 | 10.54 | 15.80 | 13.00 | 33.50 | 31.12 | 8.77 | 7.10 | 2.62 | 10.03 | 0.5667 | 21.50 | 4.07 | 15.76 | 9.07 | 35.20 | 11.82 | -- |
| Fluor Corp | 15.47bn | 81.00m | 6.97bn | 30.19k | 82.97 | 3.60 | 56.65 | 0.4503 | 0.4936 | 0.4936 | 97.94 | 11.38 | 2.24 | -- | 7.45 | 512,604.80 | 1.14 | -4.80 | 2.23 | -9.61 | 3.08 | 1.96 | 0.5105 | -2.38 | -- | -- | 0.3608 | -- | 12.59 | -3.87 | -21.70 | -11.36 | -12.06 | -- |
| MasTec Inc | 12.00bn | -49.95m | 7.08bn | 34.00k | -- | 2.61 | 12.73 | 0.590 | -0.656 | -0.656 | 153.94 | 34.13 | 1.29 | 93.81 | 3.83 | 352,821.60 | -0.5067 | 3.08 | -0.7104 | 4.21 | 11.59 | 13.63 | -0.3943 | 2.39 | 1.36 | 0.947 | 0.5297 | -- | 22.68 | 11.67 | -249.75 | -- | 1.35 | -- |
Data as of Apr 26 2024. Currency figures normalised to Meritage Homes Corp's reporting currency: US Dollar USD
49.60%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Dec 2023 | 5.58m | 15.42% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 4.05m | 11.20% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 1.68m | 4.64% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 1.37m | 3.80% |
| T. Rowe Price Investment Management, Inc.as of 31 Dec 2023 | 1.18m | 3.26% |
| Geode Capital Management LLCas of 31 Dec 2023 | 861.85k | 2.38% |
| Macquarie Investment Management Business Trustas of 31 Dec 2023 | 828.66k | 2.29% |
| Greenhaven Associates, Inc.as of 31 Dec 2023 | 826.79k | 2.29% |
| Fisher Asset Management LLCas of 31 Dec 2023 | 782.32k | 2.16% |
| Pacer Advisors, Inc.as of 31 Dec 2023 | 779.55k | 2.16% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
