Meritage Homes (MTH) Change in Inventory (2010 - 2026)
Meritage Homes (MTH) reported Change in Inventory of -$34.0 million for Q1 2026, down 155.98% year-over-year from $60.8 million in Q1 2025, and up 75.53% quarter-over-quarter from -$139.2 million in Q4 2025.
Meritage Homes (MTH) Change in Inventory (2010 - 2026) Analysis & Trends
Meritage Homes (MTH) has 17 years of Change in Inventory data on file, last reported at -$34.0 million in Q1 2026.
- Change in Inventory for Q1 2026 came in at -$34.0 million, down 155.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $179.2 million (down 78.84% YoY), and the FY2025 annual result was $274.1 million, down 72.01% from the prior year.
- Change in Inventory grew to -$34.0 million in Q1 2026 per MTH's latest filing, from -$139.2 million in the prior quarter.
- Over five years, Change in Inventory peaked at $445.6 million in Q2 2022 and troughed at -$365.6 million in Q4 2022.
- A 5-year average of $129.5 million and a median of $188.6 million in 2025 frame the typical range for Change in Inventory.
- The sharpest annual moves came in 2022 and 2024: Change in Inventory slumped 366.22% in 2022, then jumped 6549.85% in 2024.
- A 5-year view of Change in Inventory shows it stood at -$365.6 million in 2022, then soared by 160.14% to $219.9 million in 2023, then climbed by 16.17% to $255.4 million in 2024, then slumped by 154.49% to -$139.2 million in 2025, then jumped by 75.53% to -$34.0 million in 2026.
- Business Quant data shows MTH's Change in Inventory at -$34.0 million in Q1 2026, -$139.2 million in Q4 2025, and $188.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.54 Bn | 42.20 Bn | 1.70 Bn | 1.28 Bn |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 376.39 Mn |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | 652.02 Mn |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 214.95 Mn |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 175.80 Mn |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 127.34 Mn |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 2.10 Mn |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | -34.05 Mn |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | -15.74 Mn |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | -11.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -34.05 Mn |
| Mar 31, 2026 | -34.05 Mn |
| Dec 31, 2025 | -139.17 Mn |
| Dec 31, 2025 | -139.17 Mn |
| Sep 30, 2025 | 188.61 Mn |
| Sep 30, 2025 | 188.61 Mn |
| Jun 30, 2025 | 163.80 Mn |
| Jun 30, 2025 | 163.80 Mn |
| Mar 31, 2025 | 60.82 Mn |
| Mar 31, 2025 | 60.82 Mn |
| Dec 31, 2024 | 255.42 Mn |
| Dec 31, 2024 | 255.42 Mn |
| Sep 30, 2024 | 273.28 Mn |
| Sep 30, 2024 | 273.28 Mn |
| Jun 30, 2024 | 257.12 Mn |
| Jun 30, 2024 | 257.12 Mn |
| Mar 31, 2024 | 193.43 Mn |
| Mar 31, 2024 | 193.43 Mn |
| Dec 31, 2023 | 219.87 Mn |
| Dec 31, 2023 | 219.87 Mn |