Meritage Homes Corporation
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, market…
Residential Construction
US, Scottsdale [HQ]
MTH/Financial Reporting
Income Statements
15 Sheets · Starting from 2009In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 970.00 | 941.00 | 861.00 | 1,193.00 | 1,833.00 | 2,190.00 | 2,592.00 | 3,056.00 | 3,254.00 | 3,543.00 | 3,677.00 | 4,506.00 | 5,147.00 | 6,298.00 | 6,137.00 | |
|
EPS
|
-2.12 | 0.22 | -0.65 | 3.09 | 3.45 | 3.65 | 3.25 | 3.74 | 3.56 | 5.67 | 6.55 | 11.23 | 19.61 | 27.04 | 20.17 | |
| Diluted in mil. | -2.12 | 0.22 | -0.65 | 3.00 | 3.25 | 3.46 | 3.09 | 3.55 | 3.41 | 5.58 | 6.42 | 11.00 | 19.29 | 26.74 | 19.93 | |
|
Profit
|
4.00 | 167.00 | 141.00 | 218.00 | 412.00 | 468.00 | 507.00 | 553.00 | 588.00 | 653.00 | 700.00 | 976.00 | 1,435.00 | 1,802.00 | 1,519.00 | |
| Gross Margin | 0.42 | 17.81 | 16.38 | 18.28 | 22.49 | 21.40 | 19.59 | 18.10 | 18.08 | 18.43 | 19.04 | 21.66 | 27.88 | 28.63 | 24.75 | |
| Pre Tax | -154.00 | 2.00 | -20.00 | 28.00 | 177.00 | 208.00 | 189.00 | 218.00 | 247.00 | 283.00 | 302.00 | 533.00 | 954.00 | 1,289.00 | 949.00 | |
| Profit Margin | -15.95 | 0.26 | -2.37 | 2.42 | 9.69 | 9.51 | 7.31 | 7.13 | 7.60 | 7.99 | 8.24 | 11.84 | 18.55 | 20.47 | 15.47 | |
| ETR | 57.07 | -187.84 | -3.58 | -264.47 | 29.95 | 31.75 | 32.05 | 31.42 | 42.12 | 19.74 | 17.59 | 20.63 | 22.77 | 23.05 | 22.19 | |
| Net | -66.00 | 7.00 | -21.00 | 105.00 | 124.00 | 142.00 | 128.00 | 149.00 | 143.00 | 227.00 | 249.00 | 423.00 | 737.00 | 992.00 | 738.00 | |
| Profit Margin | -6.85 | 0.76 | -2.45 | 8.81 | 6.79 | 6.49 | 4.97 | 4.89 | 4.40 | 6.41 | 6.79 | 9.40 | 14.33 | 15.75 | 12.04 | |
| EBITDA | -137.00 | 31.00 | 2.00 | 58.00 | 206.00 | 225.00 | 219.00 | 239.00 | 268.00 | 311.00 | 344.00 | 566.00 | 999.00 | 1,314.00 | 975.00 | |
| EBITDA Margin | -14.20 | 3.30 | 0.23 | 4.93 | 11.26 | 10.28 | 8.47 | 7.83 | 8.24 | 8.78 | 9.38 | 12.58 | 19.42 | 20.86 | 15.90 | |
| Operating Income | -133.00 | 31.00 | 2.00 | 55.00 | 194.00 | 207.00 | 206.00 | 214.00 | 242.00 | 284.00 | 316.00 | 535.00 | 973.00 | 1,289.00 | 1,270.00 | |
| Operating Margin | -13.79 | 3.30 | 0.23 | 4.62 | 10.59 | 9.47 | 7.97 | 7.01 | 7.46 | 8.01 | 8.62 | 11.89 | 18.91 | 20.47 | 20.70 | |
| Interest Income | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | 8.00 | 2.00 | - - | - - | - - | |
| Loss | -1,108.00 | -910.00 | -859.00 | -1,138.00 | -1,639.00 | -1,983.00 | -2,385.00 | -2,842.00 | -3,011.00 | -3,271.00 | -3,370.00 | -3,977.00 | -4,178.00 | -5,011.00 | -5,235.00 | |
| Cost of Revenue | -966.00 | -773.00 | -720.00 | -975.00 | -1,421.00 | -1,721.00 | -2,084.00 | -2,503.00 | -2,666.00 | -2,890.00 | -2,977.00 | -3,530.00 | -3,711.00 | -4,495.00 | -4,618.00 | |
|
Operating Expenses
|
-141.00 | -136.00 | -139.00 | -163.00 | -218.00 | -261.00 | -301.00 | -338.00 | -345.00 | -380.00 | -392.00 | -446.00 | -466.00 | -516.00 | -616.00 | |
| R&D | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| G&A | -63.00 | -59.00 | -64.00 | -68.00 | -91.00 | -104.00 | -112.00 | -123.00 | -124.00 | -138.00 | -146.00 | -159.00 | -181.00 | -192.00 | -231.00 | |
| SG&A | -141.00 | -136.00 | -139.00 | -163.00 | -218.00 | -261.00 | -301.00 | -338.00 | -345.00 | -380.00 | -392.00 | -446.00 | -466.00 | -516.00 | -616.00 | |
| S&M | -78.00 | -76.00 | -74.00 | -94.00 | -126.00 | -156.00 | -188.00 | -215.00 | -221.00 | -241.00 | -246.00 | -287.00 | -285.00 | -323.00 | -384.00 | |
| Depreciation and Amortization | -8.00 | -7.00 | -7.00 | -8.00 | -9.00 | -11.00 | -14.00 | -15.00 | -16.00 | -26.00 | -27.00 | -31.00 | -26.00 | -24.00 | -25.00 | |
| Interest Expenses | -36.00 | -33.00 | -30.00 | -24.00 | -15.00 | -5.00 | -15.00 | -5.00 | -3.00 | - - | -8.00 | -2.00 | - - | - - | - - | |
| Other Expenses | -19.00 | -5.00 | -8.00 | -2.00 | -1.00 | -6.00 | -1.00 | -9.00 | -8.00 | - - | -14.00 | -2.00 | -18.00 | - - | -47.00 | |
|
WA Shares Outstanding
|
31.00 | 32.00 | 32.00 | 34.00 | 36.00 | 39.00 | 39.00 | 39.00 | 40.00 | 40.00 | 38.00 | 37.00 | 37.00 | 36.00 | 36.00 | |
| Diluted | 31.00 | 32.00 | 32.00 | 35.00 | 38.00 | 41.00 | 42.00 | 42.00 | 42.00 | 40.00 | 38.00 | 38.00 | 38.00 | 37.00 | 37.00 |