Meritage Homes (MTH) Operating Expenses (2010 - 2026)
Meritage Homes (MTH) posted quarterly Operating Expenses of $144.2 million for Q2 2026, down 12.09% year-over-year from $164.0 million in Q2 2025, and up 10.17% on a QoQ basis from $130.9 million in Q1 2026.
Meritage Homes (MTH) Operating Expenses (2010 - 2026) Analysis & Trends
Meritage Homes has reported Operating Expenses for 17 years, with the latest figure at $144.2 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $144.2 million, down 12.09% year-over-year; the trailing twelve-month figure through Jun 2026 was $575.5 million (down 10.85% YoY), and the FY2025 annual result was $616.2 million, down 3.71% from the prior year.
- Operating Expenses advanced to $144.2 million in Q2 2026, from $130.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $176.1 million in Q4 2023 and troughed at $105.5 million in Q1 2022.
- A 5-year average of $148.0 million and a median of $151.6 million in 2025 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses soared 30.56%; it then declined 13.76% in 2025.
- A 5-year view of Operating Expenses shows it stood at $167.1 million in 2022, then grew by 5.41% to $176.1 million in 2023, then slipped by 1.94% to $172.7 million in 2024, then declined by 13.76% to $148.9 million in 2025, then slipped by 3.18% to $144.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $144.2 million in Q2 2026, $130.9 million in Q1 2026, and $148.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.75 Bn | 39.61 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 24.22 Bn | 22.84 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 20.63 Bn | 18.45 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 17.05 Bn | 15.96 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 13.82 Bn | 12.72 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Installed Building Products | 6.51 Bn | 6.12 Bn | 258.90 Mn | 164.30 Mn |
| 8 | Champion Homes | 5.01 Bn | 4.37 Bn | - | - |
| 9 | Meritage Homes | 4.69 Bn | 3.88 Bn | 254.14 Mn | 144.19 Mn |
| 10 | Cavco Industries | 4.53 Bn | 4.28 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 144.19 Mn |
| Mar 31, 2026 | 130.87 Mn |
| Dec 31, 2025 | 148.93 Mn |
| Sep 30, 2025 | 151.51 Mn |
| Jun 30, 2025 | 164.01 Mn |
| Mar 31, 2025 | 151.72 Mn |
| Dec 31, 2024 | 172.70 Mn |
| Sep 30, 2024 | 157.10 Mn |
| Jun 30, 2024 | 157.85 Mn |
| Mar 31, 2024 | 152.28 Mn |
| Dec 31, 2023 | 176.12 Mn |
| Sep 30, 2023 | 162.21 Mn |
| Jun 30, 2023 | 147.94 Mn |
| Mar 31, 2023 | 130.37 Mn |
| Dec 31, 2022 | 167.07 Mn |
| Sep 30, 2022 | 126.33 Mn |
| Jun 30, 2022 | 117.32 Mn |
| Mar 31, 2022 | 105.54 Mn |
| Dec 31, 2021 | 127.97 Mn |
| Sep 30, 2021 | 116.14 Mn |