Meritage Homes (MTH) Gross Margin (2010 - 2026)
Meritage Homes' (MTH) quarterly Gross Margin came in at 18.14% in Q2 2026, down 287.0% year-over-year from 9.7% in Q2 2025, and up 4.6% quarter-over-quarter from 17.35% in Q1 2026.
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Meritage Homes (MTH) Gross Margin (2010 - 2026) Analysis & Trends
Meritage Homes (MTH) has reported Gross Margin for 17 consecutive years, with 18.14% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 287.0% year-over-year to 18.14% in Q2 2026; TTM through Jun 2026 was 17.66%, a 509.0% decrease from a year earlier, with the FY2025 full-year figure at 19.54%, down 535.0% from the prior year.
- Gross Margin was 18.14% for Q2 2026 at Meritage Homes, up 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.
- Across the five-year window, Gross Margin jumped 553 bps in 2022 and sank 799 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 25.09% in 2022, then grew by 0 bps to 25.14% in 2023, then dropped by 8 bps to 23.13% in 2024, then retreated by 30 bps to 16.21% in 2025, then advanced by 12 bps to 18.14% in 2026.
- The last three Gross Margin figures came in at 18.14% (Q2 2026), 17.35% (Q1 2026), and 16.21% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 37.01 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 22.45 Bn | 21.07 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 19.43 Bn | 17.25 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 16.68 Bn | 15.59 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.67 Bn | 11.61 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Meritage Homes | 4.20 Bn | 3.39 Bn | 254.14 Mn | 18.14% |
| 8 | M | 3.64 Bn | 2.91 Bn | 235.50 Mn | 22.15% |
| 9 | Kb Home | 3.06 Bn | 3.00 Bn | 174.03 Mn | 15.64% |
| 10 | Green Brick Partners | 2.95 Bn | 2.82 Bn | 157.52 Mn | 31.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.14% |
| Mar 31, 2026 | 17.35% |
| Dec 31, 2025 | 16.21% |
| Sep 30, 2025 | 18.87% |
| Jun 30, 2025 | 21.02% |
| Mar 31, 2025 | 22.01% |
| Dec 31, 2024 | 23.13% |
| Sep 30, 2024 | 24.76% |
| Jun 30, 2024 | 25.95% |
| Mar 31, 2024 | 25.74% |
| Dec 31, 2023 | 25.14% |
| Sep 30, 2023 | 26.65% |
| Jun 30, 2023 | 24.06% |
| Mar 31, 2023 | 22.19% |
| Dec 31, 2022 | 25.09% |
| Sep 30, 2022 | 28.58% |
| Jun 30, 2022 | 31.53% |
| Mar 31, 2022 | 30.18% |
| Dec 31, 2021 | 28.94% |
| Sep 30, 2021 | 29.56% |