Overview
Meritage Homes
Meritage Homes is a leading designer and builder of single-family attached and detached homes and the fifth-largest public homebuilder in the US. It primarily builds houses in historically high-growth areas of the western, eastern, and central US. Targeting first-time, and first-move-up homebuyers, the builder constructs single-family homes in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South
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Read More Carolina, and Tennessee. Sold under the Meritage Homes, its houses are priced from approximately $203,000 to $1,089,000 and at an average of approximately $406,200 and $407,400, respectively. Founded in 1985, more than 70% of the company's homebuilding revenue comes from the Western and Eastern US.
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Read More Carolina, and Tennessee. Sold under the Meritage Homes, its houses are priced from approximately $203,000 to $1,089,000 and at an average of approximately $406,200 and $407,400, respectively. Founded in 1985, more than 70% of the company's homebuilding revenue comes from the Western and Eastern US.
Read Less
#
554
Fortune 1000 Revenue Rank
Phillippe Lord
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Residential Building Construction
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Agencies, Brokerages, and Other Insurance Related Activities
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Construction of Buildings
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Construction
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Operative builders
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Building Finishing Contractors
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Foundation, Structure, and Building Exterior Contractors
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Highway, Street, and Bridge Construction
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Land Subdivision
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Nonresidential Building Construction
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Actual
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Actual
$6.40 billion
Actual
4.16%
6.42%
$7,162
DEC
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NYSE:MTH
Contacts
Get in Touch with 6 Principals* and 1,002 Contacts
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Phillippe LordChief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$6.40 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$228 | $356 | $405 |
| Net Investing Cash | -$44 | -$44 | -$32 |
| Net Financing Cash | $2 | -$252 | -$130 |
| Net Change in Cash | -$270 | $60 | $243 |
| Cash at Beginning of Period | $921 | $862 | $618 |
| Cash at End of Period | $652 | $921 | $862 |
| Capital Expenditure | -$29 | -$38 | -$27 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $652 | $921 | $862 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $5,729 | $4,721 | $4,358 |
| Other Current Assets | $449 | $378 | $292 |
| Asset Summary | |||
| Total Current Assets | $6,829 | $6,021 | $5,512 |
| Tangible Fixed Assets | $47 | $49 | $39 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $7,163 | $6,353 | $5,772 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $212 | $272 | $273 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $384 | $370 | $340 |
| Liability Summary | |||
| Total Current Liabilities | $597 | $642 | $613 |
| Long-Term Debt | $1,336 | $1,008 | $1,151 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $2,021 | $1,741 | $1,822 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $4,998 | $4,321 | $3,621 |
| Equity Summary | |||
| Total Equity | $5,142 | $4,612 | $3,950 |
| Shares Outstanding | 71,921,972 | 72,850,074 | 73,142,786 |