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Meritage Homes CORP (MTH)

For the quarter ending 2025-06-30.

Overview

Net Income
$146,879K
EPS
$2.04
Unit: Thousand (K) dollars

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Revenue- - 1,585,784 1,693,738
Expense- - 3,706 3,924
Cost of closings- - 1,193,219 1,254,232
(loss)earnings from financial services unconsolidated entities and other, net- - -1,263 450
Gross profit- - 392,565 439,506
Commissions and other sales costs108,830 - 97,898 104,665
Other income, net10,853 - 10,682 11,498
Interest expense- - - -
Gross profit-Real Estate340,609 - - -
Revenue9,425 - - -
Expense4,656 - - -
Earnings/(loss) from financial services unconsolidated entities and other, net842 - - -
Gross profit-Financial Service5,611 - - -
General and administrative expenses55,183 - 59,198 53,184
Loss on early extinguishment of debt- - - -631
Earnings before income taxes193,060 160,159 249,932 297,361
Provision for income taxes46,181 37,353 53,966 65,806
Net earnings146,879 122,806 195,966 231,555
Basic (in dollars per share)2.06 1.71 5.41 6.38
Basic (in shares)71,456,000 71,915,000 36,226,000 36,322,000
Diluted (in dollars per share)2.04 1.69 5.34 6.31
Diluted (in shares)71,900,000 72,650,000 36,669,000 36,718,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Earnings/(loss) from financialservices unconsolidated...$842K Revenue$9,425K Grossprofit-Financial Service$5,611K Gross profit-RealEstate$340,609K Expense$4,656K Other income, net$10,853K (-5.61%↓ Y/Y)Earnings before incometaxes$193,060K (-35.08%↓ Y/Y)General andadministrative expenses$55,183K (3.76%↑ Y/Y)Commissions and other salescosts$108,830K (3.98%↑ Y/Y)Net earnings$146,879K (-36.57%↓ Y/Y)Provision for income taxes$46,181K (-29.82%↓ Y/Y)