Homebuilding was Meritage Homes’s largest product and service line in fiscal 2025, bringing in $5.82B of $11.68B (50%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Homebuilding | $6.27B | $6.11B | $6.36B | $5.82B | ||||||
| Real Estate | — | — | — | — | ||||||
| Home Closings | $6.21B | $6.06B | $6.34B | $5.76B | ||||||
| Home Building | — | — | — | — | ||||||
| Land | $61.23M | $56.23M | $22.33M | $60.84M | ||||||
| Financial Service | $23.48M | $25.25M | $31.16M | $33.20M | ||||||
| Total | $12.56B | $12.25B | $12.76B | $11.68B |
Meritage Homes brought in $11.68B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 8.4% from $12.76B in fiscal 2024. Homebuilding was the largest at $5.82B (49.9%), ahead of Home Closings at $5.76B (49.3%) and Land at $60.84M (0.5%). The remaining line, Financial Service, brought in $33.20M.
Compared with fiscal 2024, Homebuilding fell 8.5% to $5.82B and Home Closings fell 9.1% to $5.76B. From fiscal 2022 to 2025, combined revenue from these lines fell from $12.56B to $11.68B, a compound annual decline of 2.4%. Homebuilding's share held steady at about 49.9%.
West was Meritage Homes’s largest region in fiscal 2012, bringing in $600.23M of $1.19B (50%).
| Geography | FY 2010 | FY 2011 | FY 2012 |
|---|---|---|---|
| West | $368.14M | $366.27M | $600.23M |
| Central | $489.05M | $395.64M | $392.68M |
| East | $84.47M | $99.34M | $200.77M |
| Total | $941.66M | $861.24M | $1.19B |
Meritage Homes brought in $1.19B from its three regions in fiscal 2012, the year ended December 31, 2012. That was up 38.6% from $861.24M in fiscal 2011. West was the largest at $600.23M (50.3%), ahead of Central at $392.68M (32.9%) and East at $200.77M (16.8%).
Compared with fiscal 2011, East grew fastest, up 102.1% to $200.77M, while Central fell the most, down 0.7% to $392.68M. From fiscal 2010 to 2012, combined revenue from these regions grew from $941.66M to $1.19B, a compound annual growth rate of 12.6%. West's share of the total rose from 39.1% to 50.3%.
West was Meritage Homes’s largest segment in fiscal 2020, bringing in $1.80B of $4.48B (40%).
| Subsegments | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 |
|---|---|---|---|---|---|---|---|
| West | $1.44B | $1.44B | $1.80B | ||||
| East | $884.00M | $1.06B | $1.40B | ||||
| Central | $904.91M | $1.01B | $1.28B | ||||
| Total | $3.23B | $3.51B | $4.48B |
Meritage Homes brought in $4.48B from its three segments in fiscal 2020, the year ended December 31, 2020. That was up 27.6% from $3.51B in fiscal 2018, the previous year with figures. West was the largest at $1.80B (40.2%), ahead of East at $1.40B (31.2%) and Central at $1.28B (28.6%).
Compared with fiscal 2018, the previous year with figures, East grew fastest, up 31.6% to $1.40B. Every segment above 2% of revenue grew. From fiscal 2017 to 2020, combined revenue from these segments grew from $3.23B to $4.48B, a compound annual growth rate of 11.6%. West's share of the total fell from 44.6% to 40.2%.
Meritage Homes (MTH) reports its revenue by product and service, by geography and by subsegments. In fiscal 2025, Homebuilding was its largest product and service line, bringing in $5.82B (49.9% of the total), followed by Home Closings at $5.76B (49.3%).
Homebuilding was Meritage Homes' largest product and service line in fiscal 2025, bringing in $5.82B, or 49.9% of the $11.68B total across its four product and service lines.
West was Meritage Homes' largest region in fiscal 2012, bringing in $600.23M, or 50.3% of the $1.19B total across its three regions.
West was Meritage Homes' largest segment in fiscal 2020, bringing in $1.80B, or 40.2% of the $4.48B total across its three segments.
Among Meritage Homes' regions that make up at least 2% of revenue, East grew fastest in fiscal 2012, up 102.1% from $99.34M to $200.77M.
Every figure comes from Meritage Homes' annual financial filings, as reported. Each line keeps the name Meritage Homes gives it, and years follow its fiscal calendar.
Meritage Homes' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.