Meritage Homes (MTH) Operating Income (2010 - 2026)
Meritage Homes (MTH) reported Operating Income of -$51.7 million for Q1 2026, up 4.01% year-over-year from -$49.7 million in Q1 2025, and down 297.31% quarter-over-quarter from $26.2 million in Q4 2025.
Meritage Homes (MTH) Operating Income (2010 - 2026) Analysis & Trends
Meritage Homes (MTH) has 17 years of Operating Income data on file, last reported at -$51.7 million in Q1 2026.
- Operating Income for Q1 2026 came in at -$51.7 million, up 4.01% year-over-year; the trailing twelve-month figure through Mar 2026 was -$50.0 million (up 34.06% YoY), and the FY2025 annual result was $172.1 million, up 179.53% from the prior year.
- Operating Income declined to -$51.7 million in Q1 2026 per MTH's latest filing, from $26.2 million in the prior quarter.
- Over five years, Operating Income peaked at $366.5 million in Q3 2023 and troughed at -$703.3 million in Q4 2022.
- A 5-year average of -$35.0 million and a median of -$48.0 million in 2022 frame the typical range for Operating Income.
- On a YoY basis, Operating Income climbed as much as 1031.63% in 2022 and fell as far as 1373.95% in 2022.
- A 5-year view of Operating Income shows it stood at -$703.3 million in 2022, then increased by 12.43% to -$615.9 million in 2023, then surged by 91.33% to -$53.4 million in 2024, then surged by 149.07% to $26.2 million in 2025, then slumped by 297.31% to -$51.7 million in 2026.
- Business Quant data shows MTH's Operating Income at -$51.7 million in Q1 2026, $26.2 million in Q4 2025, and $30.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.54 Bn | 42.20 Bn | 1.70 Bn | 800.00 Mn |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 500.94 Mn |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | -42.15 Mn |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 1.15 Bn |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 346.64 Mn |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 231.67 Mn |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 57.60 Mn |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | -51.67 Mn |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | 54.56 Mn |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | 62.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -51.67 Mn |
| Dec 31, 2025 | 26.19 Mn |
| Sep 30, 2025 | 30.66 Mn |
| Jun 30, 2025 | -55.18 Mn |
| Mar 31, 2025 | -53.83 Mn |
| Dec 31, 2024 | -53.37 Mn |
| Sep 30, 2024 | -58.55 Mn |
| Jun 30, 2024 | 89.93 Mn |
| Mar 31, 2024 | -50.73 Mn |
| Dec 31, 2023 | -615.88 Mn |
| Sep 30, 2023 | 366.48 Mn |
| Jun 30, 2023 | 325.02 Mn |
| Mar 31, 2023 | -44.60 Mn |
| Dec 31, 2022 | -703.32 Mn |
| Sep 30, 2022 | -48.03 Mn |
| Jun 30, 2022 | -47.28 Mn |
| Mar 31, 2022 | 348.45 Mn |
| Dec 31, 2021 | -47.72 Mn |
| Sep 30, 2021 | 324.48 Mn |
| Jun 30, 2021 | 301.81 Mn |