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Meritage Homes Corporation

MTH

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
6,395
Cost of Revenue
4,797
Gross Profit
1,598
Gross Margin
25.0%
Operating Income
958
Operating Margin
15.0%
Net Income
786
Net Margin
12.3%
EPS (Basic)
$10.85
EPS (Diluted)
$10.72
EBITDA
984
EBITDA Margin
15.4%

2023

12/31/2023

Revenue
6,138
Cost of Revenue
4,619
Gross Profit
1,519
Gross Margin
24.7%
Operating Income
902
Operating Margin
14.7%
Net Income
739
Net Margin
12.0%
EPS (Basic)
$10.09
EPS (Diluted)
$9.96
EBITDA
928
EBITDA Margin
15.1%

2022

12/31/2022

Revenue
6,292
Cost of Revenue
4,489
Gross Profit
1,803
Gross Margin
28.7%
Operating Income
1,287
Operating Margin
20.4%
Net Income
992
Net Margin
15.8%
EPS (Basic)
$13.52
EPS (Diluted)
$13.37
EBITDA
1,311
EBITDA Margin
20.8%

2021

12/31/2021

Revenue
5,141
Cost of Revenue
3,704
Gross Profit
1,437
Gross Margin
28.0%
Operating Income
971
Operating Margin
18.9%
Net Income
737
Net Margin
14.3%
EPS (Basic)
$9.80
EPS (Diluted)
$9.64
EBITDA
997
EBITDA Margin
19.4%

2020

12/31/2020

Revenue
4,501
Cost of Revenue
3,500
Gross Profit
1,001
Gross Margin
22.2%
Operating Income
554
Operating Margin
12.3%
Net Income
423
Net Margin
9.4%
EPS (Basic)
$5.62
EPS (Diluted)
$5.50
EBITDA
585
EBITDA Margin
13.0%