Meritage Homes (MTH) Return on Invested Capital [ROIC] (2009 - 2026)
Meritage Homes (MTH) recorded Return on Invested Capital [ROIC] of 19.14% in Q2 2026, down 9.26 percentage points from 28.40% a year earlier and down 1.73 percentage points from the prior quarter.
Powered by 
Analysis
Meritage Homes (MTH) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Meritage Homes reported Return on Invested Capital [ROIC] of 23.91%, down 14.34 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three straight years, with a five-year change of -20.43 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 38.25% in FY2024 (-2.31 pp), 40.56% in FY2023 (-15.59 pp), 56.15% in FY2022 (+1.66 pp) and 54.49% in FY2021 (+10.15 pp).
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since Q4 2019.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for 14 consecutive quarters, with an average year-over-year change of -9.40 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 12.47 percentage points in Q2 2022, against a drop of 13.26 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.87% (Q1 2026), 22.83% (Q4 2025) and 25.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Pultegroup | 96.17 Bn | 89.53 Bn | 1.07 Bn | 13.65% |
| 2 | Horton D R | 42.03 Bn | 42.63 Bn | - | - |
| 3 | Lennar | 18.02 Bn | 8.18 Bn | 618.54 Mn | -31.37% |
| 4 | Nvr | 15.97 Bn | 10.10 Bn | 482.36 Mn | 24.78% |
| 5 | Toll Brothers | 14.02 Bn | 9.41 Bn | 625.22 Mn | 9.93% |
| 6 | Cavco Industries | 5.03 Bn | 3.98 Bn | 147.61 Mn | - |
| 7 | Champion Homes | 4.99 Bn | 2.21 Bn | 185.60 Mn | 10.35% |
| 8 | Meritage Homes | 4.33 Bn | 1.30 Bn | 410.22 Mn | 17.95% |
| 9 | M | 3.26 Bn | 442.92 Mn | 229.20 Mn | 8.22% |
| 10 | Kb Home | 3.07 Bn | 2.27 Bn | -857.09 Mn | 2.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.95% |
| Jun 30, 2026 | 19.14% |
| Mar 31, 2026 | 20.87% |
| Dec 31, 2025 | 22.83% |
| Sep 30, 2025 | 25.46% |
| Jun 30, 2025 | 28.40% |
| Mar 31, 2025 | 32.16% |
| Dec 31, 2024 | 36.09% |
| Sep 30, 2024 | 37.80% |
| Jun 30, 2024 | 40.61% |
| Mar 31, 2024 | 40.88% |
| Dec 31, 2023 | 39.36% |
| Sep 30, 2023 | 42.66% |
| Jun 30, 2023 | 44.68% |
| Mar 31, 2023 | 41.00% |
| Dec 31, 2022 | 45.61% |
| Sep 30, 2022 | 45.97% |
| Jun 30, 2022 | 45.39% |
| Mar 31, 2022 | 45.94% |
| Dec 31, 2021 | 43.78% |
API Access
Meritage Homes Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();