Meritage Homes (MTH) Return on Invested Capital [ROIC] (2015 - 2026)
Meritage Homes (MTH) recorded Return on Invested Capital [ROIC] of 19.24% in Q2 2026, down 9.28 percentage points from 28.52% a year earlier and down 1.72 percentage points from the prior quarter.
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Analysis
Meritage Homes (MTH) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, Meritage Homes reported Return on Invested Capital [ROIC] of 24.00%, down 14.38 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three straight years, with a five-year change of -20.65 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 38.39% in FY2024 (-2.25 pp), 40.63% in FY2023 (-15.66 pp), 56.30% in FY2022 (+1.52 pp) and 54.78% in FY2021 (+10.13 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 -9.39 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 13.29 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.96% (Q1 2026), 22.91% (Q4 2025) and 25.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 37.89 Bn | 28.78 Bn | 2.15 Bn | - |
| 2 | Pultegroup | 21.69 Bn | 14.98 Bn | 1.06 Bn | - |
| 3 | Lennar | 16.59 Bn | 6.36 Bn | 618.54 Mn | - |
| 4 | Nvr | 15.98 Bn | 9.26 Bn | 485.14 Mn | 26.53% |
| 5 | Toll Brothers | 12.59 Bn | 7.97 Bn | 625.22 Mn | 10.68% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 14.03% |
| 7 | Champion Homes | 4.87 Bn | 2.35 Bn | - | - |
| 8 | Cavco Industries | 4.53 Bn | 3.28 Bn | - | - |
| 9 | Meritage Homes | 4.16 Bn | 1.08 Bn | 513.60 Mn | 19.24% |
| 10 | M | 3.41 Bn | 480.42 Mn | 235.50 Mn | -91.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.24% |
| Mar 31, 2026 | 20.96% |
| Dec 31, 2025 | 22.91% |
| Sep 30, 2025 | 25.55% |
| Jun 30, 2025 | 28.52% |
| Mar 31, 2025 | 32.31% |
| Dec 31, 2024 | 36.20% |
| Sep 30, 2024 | 37.85% |
| Jun 30, 2024 | 40.66% |
| Mar 31, 2024 | 40.96% |
| Dec 31, 2023 | 39.45% |
| Sep 30, 2023 | 42.75% |
| Jun 30, 2023 | 44.75% |
| Mar 31, 2023 | 41.06% |
| Dec 31, 2022 | 45.70% |
| Sep 30, 2022 | 46.11% |
| Jun 30, 2022 | 45.58% |
| Mar 31, 2022 | 46.16% |
| Dec 31, 2021 | 43.98% |
| Sep 30, 2021 | 35.67% |
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();