Meritage Homes (MTH) Tax Rate (2010 - 2026)
Meritage Homes (MTH) reported Tax Rate of 23.74% for Q1 2026, up 41.0% year-over-year from 16.83% in Q1 2025, and up 28.16% quarter-over-quarter 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.
- Tax Rate for Q1 2026 came in at 23.74%, up 41.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.43% (up 25.0% YoY), and the FY2025 annual result was 22.51%, up 90.0% from the prior year.
- Tax Rate grew to 23.74% in Q1 2026 per MTH's latest filing, from 18.52% in the prior quarter.
- Over five years, Tax Rate peaked at 24.6% in Q2 2022 and troughed at 18.52% in Q4 2025.
- A 5-year average of 22.28% and a median of 22.39% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2025: Tax Rate soared 344 bps in 2022, then sank 355 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 23.34% in 2022, then decreased by 1 bps to 23.18% in 2023, then declined by 5 bps to 22.08% in 2024, then dropped by 16 bps to 18.52% in 2025, then increased by 28 bps to 23.74% in 2026.
- Business Quant data shows MTH's Tax Rate at 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 | 41.60 Bn | 40.25 Bn | 1.70 Bn | 24.14% |
| 2 | Pultegroup | 22.64 Bn | 20.83 Bn | 881.27 Mn | 22.79% |
| 3 | Lennar | 22.34 Bn | 20.15 Bn | 6.36 Bn | - |
| 4 | Nvr | 17.27 Bn | 15.62 Bn | 1.31 Bn | 21.19% |
| 5 | Toll Brothers | 13.05 Bn | 11.95 Bn | 604.89 Mn | 25.63% |
| 6 | Taylor Morrison Home | 6.86 Bn | 6.86 Bn | 290.64 Mn | 23.15% |
| 7 | Installed Building Products | 5.39 Bn | 4.91 Bn | 212.30 Mn | 26.11% |
| 8 | Meritage Homes | 4.60 Bn | 3.84 Bn | -269,000.00 | 23.74% |
| 9 | Cavco Industries | 4.47 Bn | 4.44 Bn | 135.92 Mn | 23.49% |
| 10 | Champion Homes | 4.25 Bn | 3.59 Bn | 172.19 Mn | 18.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.74% |
| Mar 31, 2026 | 23.74% |
| Dec 31, 2025 | 18.52% |
| Dec 31, 2025 | 18.52% |
| Sep 30, 2025 | 22.57% |
| Sep 30, 2025 | 22.57% |
| Jun 30, 2025 | 23.92% |
| Jun 30, 2025 | 23.92% |
| Mar 31, 2025 | 23.32% |
| Mar 31, 2025 | 23.32% |
| Dec 31, 2024 | 22.08% |
| Dec 31, 2024 | 22.08% |
| Sep 30, 2024 | 21.59% |
| Sep 30, 2024 | 21.59% |
| Jun 30, 2024 | 22.13% |
| Jun 30, 2024 | 22.13% |
| Mar 31, 2024 | 20.51% |
| Mar 31, 2024 | 20.51% |
| Dec 31, 2023 | 23.18% |
| Dec 31, 2023 | 23.18% |