Meritage Homes (MTH) Gross Margin (2010 - 2026)
Meritage Homes (MTH) posted Gross Margin of 18.28% for Q2 2026, down 2.80 percentage points from 21.09% a year earlier but up 0.85 percentage points from the prior quarter.
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Analysis
Meritage Homes (MTH) Gross Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Meritage Homes was 17.77%, down 5.06 percentage points year-over-year; for FY2025, it came in at 19.64%, down 5.30 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -1.90 percentage points (FY2020 to FY2025).
- In prior years, Meritage Homes' Gross Margin was 24.94% in FY2024 (+0.24 pp), 24.70% in FY2023 (-3.86 pp), 28.56% in FY2022 (+0.76 pp) and 27.80% in FY2021 (+6.25 pp).
- Quarterly Gross Margin has run from a low of 16.34% in Q4 2025 to a high of 31.53% in Q2 2022 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last eight quarters, with an average year-over-year change of -4.09 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2021, with a gain of 8.08 percentage points; the weakest was Q1 2023, with a drop of 8.00 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 17.43% (Q1 2026), 16.34% (Q4 2025) and 18.98% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | 10.17% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 20.95% |
| 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 | 18.28% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | 22.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.28% |
| Mar 31, 2026 | 17.43% |
| Dec 31, 2025 | 16.34% |
| Sep 30, 2025 | 18.98% |
| Jun 30, 2025 | 21.09% |
| Mar 31, 2025 | 22.09% |
| Dec 31, 2024 | 23.29% |
| Sep 30, 2024 | 24.79% |
| Jun 30, 2024 | 26.03% |
| Mar 31, 2024 | 25.66% |
| Dec 31, 2023 | 25.28% |
| Sep 30, 2023 | 26.77% |
| Jun 30, 2023 | 23.93% |
| Mar 31, 2023 | 22.26% |
| Dec 31, 2022 | 25.20% |
| Sep 30, 2022 | 28.68% |
| Jun 30, 2022 | 31.53% |
| Mar 31, 2022 | 30.26% |
| Dec 31, 2021 | 29.00% |
| Sep 30, 2021 | 29.67% |
API Access
Meritage Homes Gross 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=gross-margin&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();