Meritage Homes Corporation (MTH)
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About
Business overview of Meritage Homes Corporation (MTH)
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Key Insights
Critical company metrics and information
Share Price
$184.30Market Cap
$6.67 BillionTotal Outstanding Shares
36.18 Million SharesTotal Employees
1,838Dividend
$0.75 Per Share QuarterlyIPO Date
December 16, 1988SIC Description
Operative BuildersHomepage
https://www.meritagehomes.com
Historical Stock Splits
If you bought 1 share of MTH before January 3, 2025, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| January 3, 2025 | 2-for-1 |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $-232.53 Million |
| Net Cash Flow From Operating Activities | $-232.53 Million |
| Net Cash Flow From Financing Activities | $55.69 Million |
| Net Cash Flow From Investing Activities, Continuing | $-40.36 Million |
| Net Cash Flow, Continuing | $-217.20 Million |
| Net Cash Flow From Investing Activities | $-40.36 Million |
| Net Cash Flow | $-217.20 Million |
| Net Cash Flow From Financing Activities, Continuing | $55.69 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Basic Earnings Per Share | $22.36 |
| Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
| Net Income/Loss Attributable To Parent | $812.39 Million |
| Income/Loss From Continuing Operations After Tax | $812.39 Million |
| Income/Loss Before Equity Method Investments | $1.03 Billion |
| Diluted Earnings Per Share | $22.10 |
| Basic Average Shares | $36.23 Million |
| Income Tax Expense/Benefit | $227.79 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $812.39 Million |
| Income/Loss From Equity Method Investments | $5.64 Million |
| Net Income/Loss | $812.39 Million |
| Interest Expense, Operating | $0.00 |
| Income/Loss From Continuing Operations Before Tax | $1.04 Billion |
| Diluted Average Shares | $36.66 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Noncurrent Liabilities | $0.00 |
| Equity Attributable To Parent | $5.03 Billion |
| Assets | $7.10 Billion |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Current Assets | $7.10 Billion |
| Current Liabilities | $2.07 Billion |
| Liabilities | $2.07 Billion |
| Fixed Assets | $47.23 Million |
| Liabilities And Equity | $7.10 Billion |
| Noncurrent Assets | $0.00 |
| Equity | $5.03 Billion |
Historical Dividends
Current dividend: $0.75 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Nov 21, 2024 | Dec 31, 2024 | Dec 17, 2024 | $0.75 | Quarterly |
| Aug 29, 2024 | Sep 30, 2024 | Sep 16, 2024 | $0.75 | Quarterly |
| May 16, 2024 | Jun 28, 2024 | Jun 14, 2024 | $0.75 | Quarterly |
| Feb 22, 2024 | Mar 29, 2024 | Mar 15, 2024 | $0.75 | Quarterly |
| Nov 16, 2023 | Dec 29, 2023 | Dec 15, 2023 | $0.27 | Quarterly |
| Aug 23, 2023 | Sep 29, 2023 | Sep 15, 2023 | $0.27 | Quarterly |
| May 18, 2023 | Jun 30, 2023 | Jun 15, 2023 | $0.27 | Quarterly |
| Feb 16, 2023 | Mar 31, 2023 | Mar 15, 2023 | $0.27 | Quarterly |
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