Meritage Homes (MTH) Operating Income (2010 - 2026)
Meritage Homes (MTH) recorded Operating Income of $461.22 million in Q2 2026, down 27.0% from $631.65 million a year earlier but up 36.0% from the prior quarter.
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Analysis
Meritage Homes (MTH) Operating Income (2010 - 2026) Analysis & Trends
On a TTM basis, Meritage Homes' Operating Income came in at $1.71 billion as of Jun 30, 2026, down 34.1% year-over-year; for FY2025, it was $2.08 billion, down 29.4% from FY2024.
- Annual Operating Income has a five-year compound annual growth rate of 3.2% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $2.95 billion in FY2024 (+5.6%), $2.79 billion in FY2023 (-17.7%), $3.39 billion in FY2022 (+27.1%) and $2.67 billion in FY2021 (+50.4%).
- Quarterly Operating Income has ranged from $339.15 million in Q1 2026 to $948.87 million in Q4 2022 over the past five years.
- On a year-over-year basis, Operating Income has declined for eight consecutive quarters, with an average decline of 25.4% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 203.3% in Q4 2021, against a decline of 38.7% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $339.15 million (Q1 2026), $420.03 million (Q4 2025) and $486.99 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 1.16 Bn |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 675.23 Mn |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | -6.73 Bn |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 334.42 Mn |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 359.15 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 231.67 Mn |
| 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 | 461.22 Mn |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | -723.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 461.22 Mn |
| Mar 31, 2026 | 339.15 Mn |
| Dec 31, 2025 | 420.03 Mn |
| Sep 30, 2025 | 486.99 Mn |
| Jun 30, 2025 | 631.65 Mn |
| Mar 31, 2025 | 544.20 Mn |
| Dec 31, 2024 | 685.71 Mn |
| Sep 30, 2024 | 730.39 Mn |
| Jun 30, 2024 | 830.67 Mn |
| Mar 31, 2024 | 704.51 Mn |
| Dec 31, 2023 | 768.78 Mn |
| Sep 30, 2023 | 802.26 Mn |
| Jun 30, 2023 | 699.62 Mn |
| Mar 31, 2023 | 523.21 Mn |
| Dec 31, 2022 | 948.87 Mn |
| Sep 30, 2022 | 858.50 Mn |
| Jun 30, 2022 | 397.46 Mn |
| Mar 31, 2022 | 740.22 Mn |
| Dec 31, 2021 | 817.65 Mn |
| Sep 30, 2021 | 701.91 Mn |
API Access
Meritage Homes Operating Income 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=operating-income&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();