Meritage Homes (MTH) Capital Expenditures (2009 - 2026)
Meritage Homes (MTH) posted Capital Expenditures of $4.04 million for Q3 2026, down 48.1% from $7.79 million a year earlier and down 27.4% from the prior quarter.
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Analysis
Meritage Homes (MTH) Capital Expenditures (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Capital Expenditures at Meritage Homes was $19.49 million, down 29.4% year-over-year; for FY2025, it came in at $25.72 million, down 10.2% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of 5.2% (FY2020 to FY2025).
- In prior years, Meritage Homes' Capital Expenditures was $28.66 million in FY2024 (-25.0%), $38.19 million in FY2023 (+41.6%), $26.97 million in FY2022 (+5.1%) and $25.66 million in FY2021 (+28.8%).
- The Q3 2026 figure stands as the lowest quarterly Capital Expenditures since Q3 2017.
- On a year-over-year basis, Capital Expenditures has declined in each of the last seven quarters, with an average decline of 15.3% over the last eight quarters.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q2 2023, with growth of 90.3%; the weakest was Q3 2026, with a decline of 48.1%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $5.57 million (Q2 2026), $4.31 million (Q1 2026) and $5.58 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Pultegroup | 96.17 Bn | 89.53 Bn | 1.07 Bn | 22.92 Mn |
| 2 | Horton D R | 42.03 Bn | 42.63 Bn | - | 53.80 Mn |
| 3 | Lennar | 18.02 Bn | 8.18 Bn | 618.54 Mn | -8.02 Mn |
| 4 | Nvr | 15.97 Bn | 10.10 Bn | 482.36 Mn | 18.86 Mn |
| 5 | Toll Brothers | 14.02 Bn | 9.41 Bn | 625.22 Mn | 30.70 Mn |
| 6 | Cavco Industries | 5.03 Bn | 3.98 Bn | 147.61 Mn | 29.70 Mn |
| 7 | Champion Homes | 4.99 Bn | 2.21 Bn | 185.60 Mn | 12.11 Mn |
| 8 | Meritage Homes | 4.33 Bn | 1.30 Bn | 410.22 Mn | 4.04 Mn |
| 9 | M | 3.26 Bn | 442.92 Mn | 229.20 Mn | 3.63 Mn |
| 10 | Kb Home | 3.07 Bn | 2.27 Bn | -857.09 Mn | 9.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.04 Mn |
| Jun 30, 2026 | 5.57 Mn |
| Mar 31, 2026 | 4.31 Mn |
| Dec 31, 2025 | 5.58 Mn |
| Sep 30, 2025 | 7.79 Mn |
| Jun 30, 2025 | 6.77 Mn |
| Mar 31, 2025 | 5.59 Mn |
| Dec 31, 2024 | 7.48 Mn |
| Sep 30, 2024 | 8.02 Mn |
| Jun 30, 2024 | 6.90 Mn |
| Mar 31, 2024 | 6.26 Mn |
| Dec 31, 2023 | 6.97 Mn |
| Sep 30, 2023 | 10.09 Mn |
| Jun 30, 2023 | 12.24 Mn |
| Mar 31, 2023 | 8.90 Mn |
| Dec 31, 2022 | 7.43 Mn |
| Sep 30, 2022 | 6.69 Mn |
| Jun 30, 2022 | 6.43 Mn |
| Mar 31, 2022 | 6.42 Mn |
| Dec 31, 2021 | 7.75 Mn |
API Access
Meritage Homes Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "MTH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();