Meritage Homes (MTH) Net Margin (2010 - 2026)
Meritage Homes (MTH) recorded Net Margin of 3.23% in Q2 2026, down 1.28 percentage points from 4.51% a year earlier but up 0.76 percentage points from the prior quarter.
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Analysis
Meritage Homes (MTH) Net Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Meritage Homes' Net Margin came in at 3.06% as of Jun 30, 2026, down 2.09 percentage points year-over-year; for FY2025, it came in at 3.88%, down 2.28 percentage points from FY2024.
- Annual Net Margin has a five-year change of -0.84 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 6.16% in FY2024 (+0.13 pp), 6.03% in FY2023 (-1.87 pp), 7.90% in FY2022 (+0.71 pp) and 7.19% in FY2021 (+2.47 pp).
- Quarterly Net Margin has ranged from 2.47% in Q1 2026 to 17.71% in Q2 2022 over the past five years.
- On a year-over-year basis, Net Margin has declined for eight consecutive quarters, with an average year-over-year change of -1.73 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 4.60 percentage points in Q2 2022, against a drop of 11.76 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.47% (Q1 2026), 2.93% (Q4 2025) and 3.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 9.81% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 11.85% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | 3.84% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 10.16% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 10.54% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 7.11% |
| 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 | 3.23% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | 7.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.23% |
| Mar 31, 2026 | 2.47% |
| Dec 31, 2025 | 2.93% |
| Sep 30, 2025 | 3.50% |
| Jun 30, 2025 | 4.51% |
| Mar 31, 2025 | 4.51% |
| Dec 31, 2024 | 5.34% |
| Sep 30, 2024 | 6.15% |
| Jun 30, 2024 | 6.82% |
| Mar 31, 2024 | 6.32% |
| Dec 31, 2023 | 6.00% |
| Sep 30, 2023 | 6.86% |
| Jun 30, 2023 | 5.95% |
| Mar 31, 2023 | 5.12% |
| Dec 31, 2022 | 6.58% |
| Sep 30, 2022 | 8.30% |
| Jun 30, 2022 | 17.71% |
| Mar 31, 2022 | 8.43% |
| Dec 31, 2021 | 7.91% |
| Sep 30, 2021 | 7.95% |
API Access
Meritage Homes Net 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=net-margin&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();