Meritage Homes (MTH) EBITDA Margin (2010 - 2026)
Meritage Homes (MTH) recorded EBITDA Margin of 16.64% in Q2 2026, down 2.96 percentage points from 19.60% a year earlier but up 1.26 percentage points from the prior quarter.
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Analysis
Meritage Homes (MTH) EBITDA Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Meritage Homes' EBITDA Margin came in at 16.10% as of Jun 30, 2026, down 5.01 percentage points year-over-year; for FY2025, it came in at 18.05%, down 5.29 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -2.08 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 23.33% in FY2024 (+0.32 pp), 23.01% in FY2023 (-4.21 pp), 27.22% in FY2022 (+0.93 pp) and 26.29% in FY2021 (+6.16 pp).
- Quarterly EBITDA Margin has ranged from 14.90% in Q4 2025 to 28.93% in Q1 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for eight consecutive quarters, with an average year-over-year change of -4.12 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 7.90 percentage points in Q3 2021, against a drop of 8.32 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.38% (Q1 2026), 14.90% (Q4 2025) and 17.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 12.83% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 17.59% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | -84.37% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 14.65% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 14.30% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 17.48% |
| 7 | Champion Homes | 4.80 Bn | 2.28 Bn | - | - |
| 8 | Cavco Industries | 4.31 Bn | 3.07 Bn | - | - |
| 9 | Meritage Homes | 4.24 Bn | 1.16 Bn | 513.60 Mn | 16.64% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | -67.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.64% |
| Mar 31, 2026 | 15.38% |
| Dec 31, 2025 | 14.90% |
| Sep 30, 2025 | 17.36% |
| Jun 30, 2025 | 19.60% |
| Mar 31, 2025 | 20.21% |
| Dec 31, 2024 | 21.40% |
| Sep 30, 2024 | 23.14% |
| Jun 30, 2024 | 24.66% |
| Mar 31, 2024 | 24.14% |
| Dec 31, 2023 | 23.43% |
| Sep 30, 2023 | 25.02% |
| Jun 30, 2023 | 22.46% |
| Mar 31, 2023 | 20.61% |
| Dec 31, 2022 | 23.96% |
| Sep 30, 2022 | 27.33% |
| Jun 30, 2022 | 28.56% |
| Mar 31, 2022 | 28.93% |
| Dec 31, 2021 | 27.44% |
| Sep 30, 2021 | 28.05% |
API Access
Meritage Homes EBITDA Margin 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=ebitda-margin&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();