Meritage Homes (MTH) Gross Margin (2010 - 2026)
Meritage Homes (MTH) posted quarterly Gross Margin of 18.14% for Q2 2026, down 287.0% year-over-year from 9.7% in Q2 2025, and up 4.6% on a QoQ basis from 17.35% in Q1 2026.
Meritage Homes (MTH) Gross Margin (2010 - 2026) Analysis & Trends
Meritage Homes has reported Gross Margin for 17 years, with the latest figure at 18.14% in Q2 2026.
- Gross Margin for Q2 2026 came in at 18.14%, down 287.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 17.66% (down 509.0% YoY), and the FY2025 annual result was 19.54%, down 535.0% from the prior year.
- Gross Margin grew to 18.14% in Q2 2026, from 17.35% in the prior quarter.
- Over five years, Gross Margin peaked at 31.53% in Q2 2022 and troughed at 16.21% in Q4 2025.
- A 5-year average of 23.7% and a median of 24.41% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin soared 553 bps; it then plunged 799 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 25.09% in 2022, then rose by 0 bps to 25.14% in 2023, then fell by 8 bps to 23.13% in 2024, then slipped by 30 bps to 16.21% in 2025, then grew by 12 bps to 18.14% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 18.14% in Q2 2026, 17.35% in Q1 2026, and 16.21% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 33.29% |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 18.14% |
| 10 | Cavco Industries | 4.53 Bn | 4.28 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.14% |
| Mar 31, 2026 | 6.19% |
| Dec 31, 2025 | 0.07% |
| Sep 30, 2025 | 590.09% |
| Jun 30, 2025 | 1,453.17% |
| Mar 31, 2025 | 0.27% |
| Dec 31, 2024 | -29.59% |
| Dec 31, 2023 | -98.10% |
| Sep 30, 2023 | 27,892.47% |
| Jun 30, 2023 | 3,862.50% |
| Mar 31, 2023 | 65.39% |
| Dec 31, 2022 | 52.95% |
| Sep 30, 2022 | 90.02% |
| Jun 30, 2022 | 12,951.05% |
| Mar 31, 2022 | 14,524.96% |
| Dec 31, 2021 | -249.14% |
| Jun 30, 2021 | 27.00% |
| Mar 31, 2021 | 0.35% |
| Dec 31, 2020 | 22.52% |
| Sep 30, 2020 | 15,523.71% |