Meritage Homes (MTH) Tax Rate (2010 - 2026)
Meritage Homes' (MTH) quarterly Tax Rate came in at 23.74% in Q1 2026, up 41.0% year-on-year from 16.83% in Q1 2025, and up 28.16% on a QoQ basis from 18.52% in Q4 2025.
Meritage Homes (MTH) Tax Rate (2010 - 2026) Analysis & Trends
Meritage Homes (MTH) has 17 years of Tax Rate data on file, last reported at 23.74% in Q1 2026.
- On a quarterly basis, Tax Rate rose 41.0% year-over-year to 23.74% in Q1 2026; TTM through Mar 2026 was 22.43%, a 25.0% increase from a year earlier, with the FY2025 full-year figure at 22.51%, up 90.0% from the prior year.
- Tax Rate for Q1 2026 stood at 23.74%, up from 18.52% in the prior quarter.
- Over the last five years, Tax Rate for MTH reached as high as 24.6% in Q2 2022 and fell as low as 18.52% in Q4 2025.
- Historically, Tax Rate has averaged 22.28% across 5 years, with a median of 22.39% in 2023.
- Across the five-year window, Tax Rate jumped 344 bps in 2022 and tumbled 355 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 23.34% in 2022, then declined by 1 bps to 23.18% in 2023, then decreased by 5 bps to 22.08% in 2024, then retreated by 16 bps to 18.52% in 2025, then advanced by 28 bps to 23.74% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 23.74% in Q1 2026, 18.52% in Q4 2025, and 22.57% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.90 Bn | 39.56 Bn | 2.15 Bn | 25.08% |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 24.17% |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | - |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 21.19% |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 25.62% |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 23.15% |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 26.11% |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | 23.74% |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | 18.34% |
| 10 | M | 4.43 Bn | 3.66 Bn | 202.59 Mn | 23.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.74% |
| Mar 31, 2026 | 23.74% |
| Mar 31, 2026 | 23.74% |
| Dec 31, 2025 | 18.52% |
| Dec 31, 2025 | 18.52% |
| Dec 31, 2025 | 18.52% |
| Sep 30, 2025 | 22.57% |
| Sep 30, 2025 | 22.57% |
| Sep 30, 2025 | 22.57% |
| Jun 30, 2025 | 23.92% |
| Jun 30, 2025 | 23.92% |
| Jun 30, 2025 | 23.92% |
| Mar 31, 2025 | 23.32% |
| Mar 31, 2025 | 23.32% |
| Mar 31, 2025 | 23.32% |
| Dec 31, 2024 | 22.08% |
| Dec 31, 2024 | 22.08% |
| Dec 31, 2024 | 22.08% |
| Sep 30, 2024 | 21.59% |
| Sep 30, 2024 | 21.59% |