Meritage Homes (MTH) Cost of Revenue (2010 - 2026)
Meritage Homes (MTH) reported Cost of Revenue of $2.29 billion for Q2 2026, down 10.7% from $2.57 billion a year earlier but up 24.1% from the prior quarter.
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Analysis
Meritage Homes (MTH) Cost of Revenue (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Meritage Homes' Cost of Revenue came in at $8.83 billion, down 7.6% year-over-year; for FY2025, it was $9.37 billion, down 2.0% from FY2024.
- Cost of Revenue has a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $9.56 billion in FY2024 (+3.8%), $9.21 billion in FY2023 (+2.7%), $8.97 billion in FY2022 (+21.1%) and $7.41 billion in FY2021 (+5.1%).
- Five-year quarterly Cost of Revenue spans a low of $966.99 million in Q2 2022 and a high of $2.98 billion in Q4 2022.
- Year over year, Cost of Revenue has now declined in each of the last four quarters, with an average decline of 3.8% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q2 2023 (growth of 146.2%); the low point was Q4 2023 (a decline of 17.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.85 billion (Q1 2026), $2.39 billion (Q4 2025) and $2.3 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 37.89 Bn | 28.78 Bn | 2.15 Bn | 7.08 Bn |
| 2 | Pultegroup | 21.69 Bn | 14.98 Bn | 1.06 Bn | 2.92 Bn |
| 3 | Lennar | 16.59 Bn | 6.36 Bn | 618.54 Mn | 7.43 Bn |
| 4 | Nvr | 15.98 Bn | 9.26 Bn | 485.14 Mn | 1.84 Bn |
| 5 | Toll Brothers | 12.59 Bn | 7.97 Bn | 625.22 Mn | 2.03 Bn |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 1.10 Bn |
| 7 | Champion Homes | 4.87 Bn | 2.35 Bn | - | - |
| 8 | Cavco Industries | 4.53 Bn | 3.28 Bn | - | - |
| 9 | Meritage Homes | 4.16 Bn | 1.08 Bn | 513.60 Mn | 2.29 Bn |
| 10 | M | 3.41 Bn | 480.42 Mn | 235.50 Mn | 827.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.29 Bn |
| Mar 31, 2026 | 1.85 Bn |
| Dec 31, 2025 | 2.39 Bn |
| Sep 30, 2025 | 2.30 Bn |
| Jun 30, 2025 | 2.57 Bn |
| Mar 31, 2025 | 2.12 Bn |
| Dec 31, 2024 | 2.48 Bn |
| Sep 30, 2024 | 2.39 Bn |
| Jun 30, 2024 | 2.51 Bn |
| Mar 31, 2024 | 2.18 Bn |
| Dec 31, 2023 | 2.48 Bn |
| Sep 30, 2023 | 2.37 Bn |
| Jun 30, 2023 | 2.38 Bn |
| Mar 31, 2023 | 1.99 Bn |
| Dec 31, 2022 | 2.98 Bn |
| Sep 30, 2022 | 2.25 Bn |
| Jun 30, 2022 | 966.99 Mn |
| Mar 31, 2022 | 1.80 Bn |
| Dec 31, 2021 | 2.13 Bn |
| Sep 30, 2021 | 1.77 Bn |
API Access
Meritage Homes Cost of Revenue 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=cost-of-revenue&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();