Meritage Homes (MTH) Operating Margin (2010 - 2026)
Meritage Homes' Operating Margin came in at 16.42% for Q2 2026, down 2.97 percentage points from 19.39% a year earlier but up 1.28 percentage points from the prior quarter.
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Analysis
Meritage Homes (MTH) Operating Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Meritage Homes reported Operating Margin of 15.88%, down 5.02 percentage points year-over-year; for FY2025, it came in at 17.83%, down 5.30 percentage points from FY2024.
- Operating Margin carries a five-year change of -1.95 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 23.13% in FY2024 (+0.33 pp), 22.80% in FY2023 (-4.22 pp), 27.02% in FY2022 (+0.99 pp) and 26.03% in FY2021 (+6.25 pp).
- The five-year range for quarterly Operating Margin is 14.67% (Q4 2025) to 28.71% (Q1 2022).
- Year-over-year, Operating Margin has declined for eight consecutive quarters, with an average year-over-year change of -4.13 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2021 (a gain of 8.10 percentage points), and the weakest in Q1 2023 (a drop of 8.30 percentage points).
- Business Quant data shows MTH's Operating Margin at 15.14% (Q1 2026), 14.67% (Q4 2025) and 17.15% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 12.52% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 16.95% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | -84.82% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 14.38% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 13.51% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 16.70% |
| 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 | 16.42% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | -68.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.42% |
| Mar 31, 2026 | 15.14% |
| Dec 31, 2025 | 14.67% |
| Sep 30, 2025 | 17.15% |
| Jun 30, 2025 | 19.39% |
| Mar 31, 2025 | 19.99% |
| Dec 31, 2024 | 21.20% |
| Sep 30, 2024 | 22.93% |
| Jun 30, 2024 | 24.46% |
| Mar 31, 2024 | 23.94% |
| Dec 31, 2023 | 23.20% |
| Sep 30, 2023 | 24.82% |
| Jun 30, 2023 | 22.27% |
| Mar 31, 2023 | 20.40% |
| Dec 31, 2022 | 23.78% |
| Sep 30, 2022 | 27.15% |
| Jun 30, 2022 | 28.14% |
| Mar 31, 2022 | 28.71% |
| Dec 31, 2021 | 27.23% |
| Sep 30, 2021 | 27.80% |
API Access
Meritage Homes Operating 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=operating-margin&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();