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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M/I Homes Inc | 4.08bn | 500.36m | 4.18bn | 1.61k | 8.67 | 1.58 | 8.12 | 1.02 | 17.36 | 17.36 | 141.51 | 95.09 | 1.02 | 1.11 | -- | 2,538,690.00 | 12.55 | 11.68 | 13.84 | 13.04 | 26.17 | 23.78 | 12.26 | 9.85 | -- | -- | 0.2582 | 0.00 | -2.37 | 12.02 | -5.16 | 34.01 | -6.66 | -- |
| Tri Pointe Homes Inc (Delaware) | 3.87bn | 368.02m | 4.19bn | 1.44k | 11.75 | 1.37 | 10.50 | 1.08 | 3.76 | 3.76 | 39.45 | 32.14 | 0.7982 | 0.906 | 53.88 | 2,694,677.00 | 7.67 | 8.86 | 8.55 | 9.92 | 23.25 | 24.03 | 9.61 | 10.28 | -- | 1,729.49 | 0.3121 | 0.00 | -14.56 | 2.63 | -40.34 | 5.01 | -4.32 | -- |
| Arcosa Inc | 2.36bn | 142.70m | 4.36bn | 4.80k | 30.66 | 1.84 | 14.23 | 1.85 | 2.93 | 2.93 | 48.33 | 48.84 | 0.6654 | 5.22 | 6.21 | 491,616.30 | 4.03 | 4.84 | 4.55 | 5.47 | 18.95 | 18.98 | 6.05 | 6.77 | 1.36 | 8.41 | 0.2037 | 7.10 | 2.90 | 9.58 | -34.97 | 16.50 | 35.35 | -- |
| Skyline Champion Corp | 2.02bn | 146.70m | 4.42bn | 8.60k | 30.18 | 3.11 | 23.45 | 2.19 | 2.54 | 2.54 | 34.93 | 24.60 | 1.16 | 5.91 | 30.70 | 235,444.50 | 8.82 | 16.30 | 10.80 | 21.22 | 23.99 | 25.55 | 7.59 | 9.83 | 1.54 | -- | 0.0754 | 0.00 | -22.32 | 8.28 | -63.49 | -- | 34.34 | -- |
| CSW Industrials Inc | 792.84m | 102.14m | 4.54bn | 2.60k | 44.58 | 7.36 | 32.28 | 5.73 | 6.56 | 6.53 | 50.89 | 39.69 | 0.7599 | 2.83 | 5.97 | 304,938.50 | 9.87 | 8.87 | 11.29 | 10.12 | 44.24 | 43.13 | 12.99 | 11.86 | 1.56 | 12.40 | 0.2072 | 13.74 | 4.61 | 17.76 | 4.93 | 17.02 | 17.14 | -- |
| Dycom Industries Inc | 4.27bn | 229.95m | 5.08bn | 15.61k | 22.49 | 4.70 | 12.67 | 1.19 | 7.76 | 7.76 | 144.20 | 37.15 | 1.74 | 31.23 | 3.28 | 273,686.70 | 9.34 | 4.58 | 11.57 | 5.63 | 19.72 | 17.42 | 5.38 | 2.83 | 2.97 | 6.13 | 0.4431 | 0.00 | 9.64 | 5.95 | 53.94 | 28.33 | 5.78 | -- |
| Valmont Industries, Inc. | 4.09bn | 164.13m | 5.79bn | 11.13k | 36.20 | 4.11 | 22.34 | 1.42 | 7.92 | 7.92 | 196.48 | 69.74 | 1.16 | 4.10 | 4.93 | 367,635.50 | 4.57 | 5.68 | 5.87 | 7.33 | 30.16 | 26.55 | 3.95 | 5.06 | 1.65 | 12.75 | 0.4329 | 23.77 | -3.93 | 8.65 | -39.87 | 9.68 | 6.10 | 9.86 |
| KB Home | 6.44bn | 602.74m | 6.07bn | 2.21k | 10.68 | 1.66 | 9.41 | 0.9428 | 7.56 | 7.56 | 80.65 | 48.73 | 0.969 | 0.9651 | 32.88 | 2,919,990.00 | 9.14 | 8.83 | 10.82 | 10.66 | 21.57 | 21.50 | 9.43 | 9.13 | -- | -- | 0.2981 | 8.79 | -7.14 | 7.11 | -27.89 | 15.76 | 36.92 | 45.41 |
| Taylor Morrison Home Corp | 7.46bn | 768.15m | 6.81bn | 2.80k | 9.20 | 1.26 | 8.44 | 0.9131 | 7.00 | 7.00 | 67.93 | 50.99 | 0.8626 | 0.9973 | 38.64 | 2,662,759.00 | 8.90 | 8.11 | 10.30 | 9.44 | 24.31 | 21.49 | 10.32 | 8.85 | -- | -- | 0.2784 | -- | -9.81 | 11.90 | -26.96 | 30.09 | 10.32 | -- |
| Installed Building Products Inc | 2.81bn | 250.33m | 6.86bn | 10.60k | 27.31 | 10.10 | 19.75 | 2.44 | 8.84 | 8.84 | 99.26 | 23.88 | 1.49 | 10.89 | 6.29 | 265,301.00 | 13.24 | 10.54 | 16.01 | 13.00 | 33.95 | 31.12 | 8.90 | 7.10 | 2.67 | 9.74 | 0.5657 | 21.50 | 4.07 | 15.76 | 9.07 | 35.20 | 11.82 | -- |
| Meritage Homes Corp | 6.33bn | 793.46m | 6.90bn | 1.84k | 8.86 | 1.46 | 8.42 | 1.09 | 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 | -- |
| MasTec Inc | 12.10bn | -10.59m | 8.22bn | 32.00k | -- | 3.07 | 13.83 | 0.6791 | -0.1381 | -0.1381 | 154.78 | 33.66 | 1.36 | 76.67 | 4.01 | 355,827.20 | -0.0136 | 3.08 | -0.0189 | 4.21 | 12.15 | 13.63 | -0.01 | 2.39 | 1.27 | 1.26 | 0.5026 | -- | 22.68 | 11.67 | -249.75 | -- | 1.35 | -- |
| Fluor Corp | 15.46bn | 257.00m | 8.33bn | 30.19k | 29.35 | 4.27 | 27.50 | 0.5392 | 1.66 | 1.66 | 93.25 | 11.40 | 2.32 | -- | 7.27 | 512,008.50 | 3.74 | -4.80 | 7.18 | -9.61 | 3.97 | 1.96 | 1.61 | -2.38 | -- | -- | 0.3599 | -- | 12.59 | -3.87 | -21.70 | -11.36 | -12.06 | -- |
Data as of Jul 19 2024. Currency figures normalised to Meritage Homes Corp's reporting currency: US Dollar USD
49.18%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 5.59m | 15.40% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 4.02m | 11.08% |
| Dimensional Fund Advisors LPas of 31 Mar 2024 | 1.62m | 4.46% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 1.39m | 3.83% |
| T. Rowe Price Investment Management, Inc.as of 31 Mar 2024 | 1.33m | 3.65% |
| Macquarie Investment Management Business Trustas of 31 Mar 2024 | 842.44k | 2.32% |
| Geode Capital Management LLCas of 31 Mar 2024 | 823.85k | 2.27% |
| Greenhaven Associates, Inc.as of 30 Jun 2024 | 772.15k | 2.13% |
| Wellington Management Co. LLPas of 31 Mar 2024 | 739.19k | 2.04% |
| Fisher Asset Management LLCas of 31 Mar 2024 | 732.15k | 2.02% |
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Data from 31 Mar 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
