Meritage Homes Corporation balance sheet MTH

Annual Quarterly

As of Sep 30, 2026, Meritage Homes Corporation had total assets of $7.6 billion and total liabilities of $2.5 billion. Total assets were down 2.2% from a year earlier. Stockholders' equity was $5.0 billion. It held $677.5 million in cash and investments against $57.7 million of total debt, net cash of $619.8 million.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Assets
Cash
677
-7.1%
775
+19.0%
652
-29.3%
921
+6.9%
862
+39.3%
618
-17.1%
746
+133.4%
319
+2.6%
311
+82.4%
171
+29.6%
132
-49.8%
Cash and investments
677
-7.1%
775
+19.0%
652
-29.3%
921
+6.9%
862
+39.3%
618
-17.1%
746
+133.4%
319
+2.6%
311
+82.4%
171
+29.6%
132
-49.8%
Property and equipment, net
45
-6.1%
47
-1.3%
47
-3.4%
49
+26.7%
39
+3.5%
37
-4.1%
39
-23.1%
51
-7.3%
55
+62.3%
34
+1.3%
33
-2.3%
Goodwill
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
33
+0.0%
Total assets
7,590
-2.2%
7,622
+6.4%
7,163
+12.7%
6,353
+10.1%
5,772
+20.1%
4,808
+24.4%
3,864
+13.7%
3,398
+1.0%
3,365
+3.5%
3,251
+12.6%
2,889
+7.8%
Liabilities and equity
Total liabilities
2,545
+3.0%
2,427
+20.1%
2,021
+16.1%
1,741
-4.5%
1,822
+3.4%
1,763
+16.3%
1,517
+6.5%
1,424
-13.4%
1,645
-1.8%
1,674
+14.1%
1,467
+3.3%
Stockholders' equity
5,044
-4.6%
5,196
+1.1%
5,142
+11.5%
4,612
+16.8%
3,950
+29.7%
3,044
+29.7%
2,348
+18.9%
1,974
+14.7%
1,721
+9.1%
1,577
+10.9%
1,421
+12.9%
Debt
Lease liabilities
58
-7.0%
60
+8.3%
56
+3.3%
54
+137.2%
23
-12.9%
26
-7.4%
28
-17.5%
34
—
—
—
Total debt
58
-7.0%
60
+8.3%
56
+3.3%
54
+137.2%
23
-12.9%
26
-7.4%
28
-17.5%
34
—
—
—
Net cash
620
-7.1%
715
+20.0%
596
-31.3%
867
+3.4%
839
+41.6%
592
-17.5%
717
+151.5%
285
—
—
—
Ratios
Debt to equity
0.01x
0.01x
0.01x
0.01x
0.01x
0.01x
0.01x
0.02x
—
—
—
Return on equity
5.90%
8.72%
15.29%
16.02%
25.12%
24.22%
18.04%
12.65%
13.21%
9.09%
10.52%
Return on assets
3.92%
5.94%
10.98%
11.63%
17.19%
15.34%
10.96%
7.35%
6.75%
4.41%
5.18%
Book value per share
78.30
76.22
71.49
63.31
108.00
81.53
62.59
51.68
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry
Operative Builders (SIC 1531)
Listed as
MTH (NYSE)
Fiscal year ends
December 31
Incorporated in
MD
Headquarters
Scottsdale, AZ
SEC filer status
Large accelerated filer
SEC CIK
833079
Former names
MERITAGE CORP (until Sep 15, 2004); MONTEREY HOMES CORP (until Jul 9, 1998); HOMEPLEX MORTGAGE INVESTMENTS CORP (until May 8, 1996)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.