Companies /Consumer Cyclical

Meritage Homes Corp

NYSE: MTH Residential Construction
$69.02
▲ $4.55 (+7.06%) today
Markets open · 4:17pm ET

24/7 Wall St. View

MTH at a Glance

Valuation
Market cap
$4.2B
P/E ratio
14.5
Dividend yield
2.90%
Profitability
Revenue (TTM)
$5.1B
Profit margin
5.8%
EPS (TTM)
$4.44
Price
52-week range
$57 – $85
24/7 target
$74.21
Street target
$71.50
Earnings
Next report
Jan 26, 2027

Headquartered in Scottsdale, AZ Fiscal year ends December NYSE: MTH meritagehomes.com

About Meritage Homes

Meritage Homes Corporation (NYSE: MTH) describes itself as the fifth-largest public homebuilder in the United States, based on homes closed in 2025. It designs and builds energy-efficient, affordable entry-level and first move-up single-family homes. Its homebuilding operations are organized into three reportable segments:
- West: Arizona, California, Colorado and Utah
- Central: Tennessee and Texas
- East: Alabama, Florida, Georgia, Mississippi, North Carolina and South Carolina

The company also runs a Financial Services business, including interests in unconsolidated entities, that supports homebuyers through the financing and closing process. Meritage has delivered over 220,000 homes in its 41-year history. It is an eleven-time recipient of the EPA ENERGY STAR Partner of the Year for Sustained Excellence Award and a four-time recipient of the EPA Indoor airPLUS Leader Award. As of September 30, 2026, it operated 348 active communities and owned or controlled about 71,800 lots. In the current high-rate environment, the company leans heavily on incentives, including mortgage rate buy-downs, to support affordability. It is managing land spend tightly while returning capital through dividends and share repurchases. Updated

Latest Activity

MTHMeritage Homes
Q3 2026
EPS
$1.11
est $1.14-2.5%
Revenue
$1.17B
est $1.29B-9.6%

Meritage is choosing margin over volume, cutting land spending 40% year over year as closings fell and both lines missed expectations. Management offered no numeric guidance and warned conditions stay unpredictable for several more quarters, leaning on $677 million of cash and no revolver borrowings.

Quarterly EPS — reported vs estimate

MTH Coverage

Frequently Asked Questions

What does Meritage Homes do?

Meritage Homes Corporation (NYSE: MTH) describes itself as the fifth-largest public homebuilder in the United States, based on homes closed in 2025. It designs and builds energy-efficient, affordable entry-level and first move-up single-family homes.

What is the MTH stock price target?

24/7 Wall St.'s 12-month price target for MTH is $74.21, rated Buy. The Wall Street consensus target is $71.50. MTH price prediction →