Meritage Homes (MTH) Operating Income (2010 - 2026)
Meritage Homes' (MTH) quarterly Operating Income came in at -$62.3 million in Q1 2026, up 57.97% year-on-year from -$39.4 million in Q1 2025, and up 58.7% on a QoQ basis from -$150.8 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 -$62.3 million in Q1 2026.
- On a quarterly basis, Operating Income rose 57.97% year-over-year to -$62.3 million in Q1 2026; TTM through Mar 2026 was -$313.5 million, a 10906.39% decrease from a year earlier, with the FY2025 full-year figure at -$617.5 million, down 368.11% from the prior year.
- Operating Income for Q1 2026 stood at -$62.3 million, up from -$150.8 million in the prior quarter.
- Over the last five years, Operating Income for MTH reached as high as $335.3 million in Q4 2024 and fell as low as -$721.2 million in Q4 2023.
- Historically, Operating Income has averaged $41.5 million across 5 years, with a median of -$32.1 million in 2024.
- Across the five-year window, Operating Income soared 381.08% in 2022 and slumped 324.62% in 2023, its largest moves.
- Year by year, Operating Income stood at $321.1 million in 2022, then slumped by 324.62% to -$721.2 million in 2023, then jumped by 146.49% to $335.3 million in 2024, then tumbled by 144.97% to -$150.8 million in 2025, then surged by 58.7% to -$62.3 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$62.3 million in Q1 2026, -$150.8 million in Q4 2025, and -$56.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.90 Bn | 39.56 Bn | 2.15 Bn | 1.16 Bn |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 3.54 Bn |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | 145.95 Mn |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 1.15 Bn |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 346.64 Mn |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 141.79 Mn |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 57.60 Mn |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | -62.27 Mn |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | 62.47 Mn |
| 10 | M | 4.43 Bn | 3.66 Bn | 202.59 Mn | -628.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -62.27 Mn |
| Dec 31, 2025 | -150.77 Mn |
| Sep 30, 2025 | -56.69 Mn |
| Jun 30, 2025 | -43.73 Mn |
| Mar 31, 2025 | -148.15 Mn |
| Dec 31, 2024 | 335.28 Mn |
| Sep 30, 2024 | -32.13 Mn |
| Jun 30, 2024 | -157.85 Mn |
| Mar 31, 2024 | -152.28 Mn |
| Dec 31, 2023 | -721.16 Mn |
| Sep 30, 2023 | 267.61 Mn |
| Jun 30, 2023 | 229.04 Mn |
| Mar 31, 2023 | 153.54 Mn |
| Dec 31, 2022 | 321.06 Mn |
| Sep 30, 2022 | 324.31 Mn |
| Jun 30, 2022 | 327.42 Mn |
| Mar 31, 2022 | 272.11 Mn |
| Dec 31, 2021 | -1.11 Bn |
| Sep 30, 2021 | -115.38 Mn |
| Jun 30, 2021 | 227.92 Mn |