Meritage Homes (MTH) Change in Inventory (2010 - 2026)
Meritage Homes' (MTH) quarterly Change in Inventory came in at -$34.0 million in Q1 2026, down 155.98% year-on-year from $60.8 million in Q1 2025, and up 75.53% on a QoQ basis 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.
- On a quarterly basis, Change in Inventory fell 155.98% year-over-year to -$34.0 million in Q1 2026; TTM through Mar 2026 was $179.2 million, a 78.84% decrease from a year earlier, with the FY2025 full-year figure at $274.1 million, down 72.01% from the prior year.
- Change in Inventory for Q1 2026 stood at -$34.0 million, up from -$139.2 million in the prior quarter.
- Over the last five years, Change in Inventory for MTH reached as high as $445.6 million in Q2 2022 and fell as low as -$365.6 million in Q4 2022.
- Historically, Change in Inventory has averaged $129.5 million across 5 years, with a median of $188.6 million in 2025.
- Across the five-year window, Change in Inventory plunged 366.22% in 2022 and surged 6549.85% in 2024, its largest moves.
- Year by year, Change in Inventory stood at -$365.6 million in 2022, then soared by 160.14% to $219.9 million in 2023, then rose by 16.17% to $255.4 million in 2024, then tumbled by 154.49% to -$139.2 million in 2025, then jumped by 75.53% to -$34.0 million in 2026.
- Per Business Quant data, the three most recent Change in Inventory figures were -$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 | 40.90 Bn | 39.56 Bn | 2.15 Bn | 532.90 Mn |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 430.91 Mn |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | 436.85 Mn |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 214.95 Mn |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 175.80 Mn |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 127.34 Mn |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 2.10 Mn |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | -34.05 Mn |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | -11.15 Mn |
| 10 | M | 4.43 Bn | 3.66 Bn | 202.59 Mn | -41.77 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 |