Meritage Homes CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | $0 | $0 | $0 | $41,000 | $318,000 |
| Pretax income | $584.6M | $1.0B | $949.4M | $1.3B | $954.8M |
| Income tax expense | $131.6M | $216.7M | $210.7M | $297.1M | $217.4M |
| Net income | $453.0M | $786.2M | $738.7M | $992.2M | $737.4M |
| Balance Sheet | |||||
| Cash and equivalents | $775.2M | $651.6M | $921.2M | $861.6M | $618.3M |
| Total assets | $7.6B | $7.2B | $6.4B | $5.8B | $4.8B |
| Total liabilities | $2.4B | $2.0B | $1.7B | $1.8B | $1.8B |
| Stockholders' equity | $5.2B | $5.1B | $4.6B | $3.9B | $3.0B |
| Cash Flow Statement | |||||
| Cash from operations | $118.3M | -$227.6M | $355.6M | $405.3M | -$152.1M |
| Depreciation and amortization | $25.3M | $26.0M | $25.3M | $24.7M | $26.2M |
| Stock-based compensation | $19.7M | $25.8M | $22.5M | $22.3M | $20.1M |
| Capital expenditure | $25.7M | $28.7M | $38.2M | $27.0M | $25.7M |
| Free cash flow | $92.6M | -$256.2M | $317.4M | $378.3M | -$177.8M |
| Dividends paid | $121.1M | $108.6M | $39.5M | $0 | $0 |
| Share repurchases | $295.0M | $125.9M | $59.1M | $109.3M | $61.0M |
Shares outstanding 66.7M · Free float 92.6%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.