Meritage Homes (MTH) Cost of Revenue (2010 - 2026)
Meritage Homes (MTH) posted quarterly Cost of Revenue of $1.1 billion for Q2 2026, down 10.67% year-over-year from $1.3 billion in Q2 2025, and up 24.13% on a QoQ basis from $923.7 million in Q1 2026.
Meritage Homes (MTH) Cost of Revenue (2010 - 2026) Analysis & Trends
Meritage Homes has reported Cost of Revenue for 17 years, with the latest figure at $1.1 billion in Q2 2026.
- Cost of Revenue for Q2 2026 came in at $1.1 billion, down 10.67% year-over-year; the trailing twelve-month figure through Jun 2026 was $4.4 billion (down 7.6% YoY), and the FY2025 annual result was $4.7 billion, down 1.96% from the prior year.
- Cost of Revenue rose to $1.1 billion in Q2 2026, from $923.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.5 billion in Q4 2022 and troughed at $898.5 million in Q1 2022.
- A 5-year average of $1.1 billion and a median of $1.2 billion in 2023 frame the typical range for Cost of Revenue.
- The widest annual swing landed in 2022, when Cost of Revenue jumped 39.91%; it then decreased 17.04% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $1.5 billion in 2022, then decreased by 17.04% to $1.2 billion in 2023, then increased by 0.21% to $1.2 billion in 2024, then declined by 3.55% to $1.2 billion in 2025, then slipped by 4.15% to $1.1 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.1 billion in Q2 2026, $923.7 million in Q1 2026, and $1.2 billion in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 7.08 Bn |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 2.92 Bn |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 252.35 Mn |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 1.84 Bn |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 1.93 Bn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 1.10 Bn |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 518.90 Mn |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 1.15 Bn |
| 10 | Cavco Industries | 4.53 Bn | 4.28 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.15 Bn |
| Jun 30, 2026 | 1.15 Bn |
| Mar 31, 2026 | 923.65 Mn |
| Mar 31, 2026 | 923.65 Mn |
| Dec 31, 2025 | 3.34 Bn |
| Dec 31, 2025 | 3.34 Bn |
| Jun 30, 2025 | 434.74 Mn |
| Jun 30, 2025 | 434.74 Mn |
| Mar 31, 2025 | 142,000.00 |
| Mar 31, 2025 | 142,000.00 |
| Dec 31, 2024 | -3.54 Bn |
| Dec 31, 2024 | -3.54 Bn |
| Sep 30, 2024 | 1.99 Mn |
| Sep 30, 2024 | 1.99 Mn |
| Jun 30, 2024 | 385.27 Mn |
| Jun 30, 2024 | 385.27 Mn |
| Dec 31, 2023 | -1.86 Bn |
| Dec 31, 2023 | -1.86 Bn |
| Sep 30, 2023 | 2.54 Mn |
| Sep 30, 2023 | 2.54 Mn |