Meritage Homes Corp
Research Meritage Homes Corp (MTH) on Bullrun: valuation model: 32.6% undervalued, market cap USD 4.79B, P/E 15.3, dividend yield 2.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMTH
- ExchangeNYSE
- CountryUnited States
- SectorConsumer Cyclical
- IndustryResidential Construction
- CurrencyUSD
- Valuation signal32.6% undervalued
- Market capUSD 4.79B
- P/E15.3
- Dividend yield2.6%
- Financial periodQ2 2026
- RevenueUSD 1.41B
- Net incomeUSD 90.63M
- Free cash flowUSD 183.90M
- Gross margin18.4%
Valuation Snapshot
Bullrun's latest valuation model marks Meritage Homes Corp as 32.6% undervalued; latest market cap is USD 4.79B; P/E is 15.3; dividend yield is 2.6%.
Peer valuation comparison
Latest P/E is 15.35x versus a Consumer Cyclical sector median of 17.59x (12.7% below).
Latest dividend yield is 2.58% versus a Consumer Cyclical sector median of 2.89% (10.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.86B | USD 453.01M | USD 92.57M | 19.7% | 6.35 | USD 775.16M | USD 1.89B | USD 5.20B |
| FY2024 | USD 6.39B | USD 786.19M | -USD 256.23M | 25.0% | 10.72 | USD 651.56M | USD 1.39B | USD 5.14B |
| FY2023 | USD 6.14B | USD 738.75M | USD 317.38M | 24.7% | 9.96 | USD 921.23M | USD 1.06B | USD 4.61B |
| FY2022 | n/a | USD 992.19M | USD 378.30M | n/a | 13.37 | USD 861.56M | USD 1.16B | USD 3.95B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 4.79B | 15.3 | 2.5% | 1.82 |
| 2025 | 2025-12-31 | USD 4.49B | 10.4 | 2.6% | 1.72 |
| 2024 | 2024-12-31 | USD 5.53B | 4.0 | 3.4% | 2.63 |
| 2023 | 2023-12-29 | USD 6.35B | 4.0 | 0.6% | 0.56 |
| 2022 | 2022-12-30 | USD 3.37B | 1.8 | n/a | n/a |
| 2021 | 2021-12-31 | USD 4.56B | 3.2 | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.82 USD, yield 2.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.43 USD |
| FY2024 | 0.38 USD |
| FY2023 | 0.14 USD |
About Meritage Homes Corp
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee.
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Frequently asked questions
Is Meritage Homes Corp overvalued or undervalued?
Bullrun's valuation model currently marks Meritage Homes Corp as 32.6% undervalued.
What is Meritage Homes Corp's market cap?
Meritage Homes Corp's market capitalization is USD 4.79B.
What is Meritage Homes Corp's P/E ratio?
Meritage Homes Corp's price-to-earnings (P/E) ratio is 15.3.
Does Meritage Homes Corp pay a dividend?
Meritage Homes Corp has a dividend yield of 2.6%.
What does Meritage Homes Corp do?
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee.