MTH on NYSE

Meritage Homes Corporation

Logo: Meritage Homes web site, Non-free logo, via Wikipedia5

U.S. homebuilding company

Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the fifth largest home builder in the United States, based on 2023 home sales.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

1985Founded1

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  • TickerMTH on NYSE1
  • IndustryOperative Builders1
  • HeadquartersScottsdale1
  • Websitewww.meritagehomes.com
  • Incorporated inMD6
  • Business address18655 North Claret Drive, Suite 400, Scottsdale, Az 852556
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI52990044W9UMFJO2FB974
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered address7 ST. PAUL STREET , SUITE 820, 21202 Baltimore, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D025662224

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Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the fifth largest home builder in the United States, based on 2023 home sales. The company also develops active adult communities and luxury real estate in Arizona.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Home Building brought in 98% of the revenue Meritage Homes Corporation broke down this way in fiscal 2025.

  1. Home Building$5.8B898%down 9% from 2024
  2. Land$60.8M81%up 172% from 2024
  3. Financial Service$33.2M81%up 7% from 2024
Products and services by year
Products and services202320242025
Home Building$6.1B$6.3B$5.8B
Land$56.2M$22.3M$60.8M
Financial Service$25.2M$31.2M$33.2M

Financial statements

Net income91011128$453.0M in 2025+81% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $249.7M$249.7M20192020: $423.5M$423.5M2020+70%2021: $737.4M$737.4M2021+74%2022: $992.2M$992.2M2022+35%2023: $738.7M$738.7M2023−26%2024: $786.2M$786.2M2024+6%2025: $453.0M$453.0M2025−42%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Commissions and other sales costs-$404.4M-$409.1M-$384.9M
General and administrative expenses-$211.8M-$230.9M-$231.7M
Interest expense$0$0$0
Other income, net$44.1M$45.2M$47.9M
Loss on early extinguishment of debt$0-$631.0K-$907.0K
Earnings before income taxes$584.6M$1.0B$949.4M
Provision for income taxes-$131.6M-$216.7M-$210.7M
Net earnings$453.0M$786.2M$738.7M
Basic (in dollars per share)$6.40$10.85$10.09
Diluted (in dollars per share)$6.35$10.72$9.96
Basic (in shares)70.8M shares72.5M shares73.2M shares
Diluted (in shares)71.3M shares73.3M shares74.1M shares

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The story

Meritage Homes was founded in 1985 as Monterey Homes in Scottsdale, Arizona, by Steve Hilton and William "Bill" Cleverly.

In 1997, the company changed its name to Meritage Homes Corp, and began trading on the New York Stock Exchange under the symbol MTH.

In 2011, the company unveiled its first net-zero energy homes, in Buckeye, Arizona.

In July 2014, the company acquired Douglasville, Georgia-based Legendary Communities, the owner operator of almost 4,000 home sites, for nearly $130 million.

In 2015, the company promoted its Sierra Crest development in Fontana, CA as California's first net-zero energy community.

In April 2019, the company built its first all-electric, zero-net-energy townhome community, in Irvine California. In December, the Wall Street Journal reported how large home builders like Meritage were targeting millennials by producing a larger number of less expensive, entry-level homes.

From Wikipedia’s article on Meritage Homes Corporation, shared under CC BY-SA 4.0.7

Leadership

Who has led Meritage Homes Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John R. Landon2006
  2. Phillippe Lord2021–now

Chief financial officer

  1. Larry Wayne Seay2006–2016
  2. Hilla Sferruzza2017–now

Chief operating officer

  1. Phillippe Lord2016–2020
  2. Clinton Szubinski2021–now
1990200020102020
Board members and other officers (25)

Products and brands

Meritage is headquartered in Scottsdale, Arizona, and divides its operations into four regions: West, Central, East and South. It develops homes for entry level and first move-up buyers, including "net zero" energy efficient homes that provide as much power as they consume. The company trades on the NY Stock Exchange under the symbol MTH, and is also listed in the S&P SmallCap 600 Index.

From Wikipedia’s article on Meritage Homes Corporation, shared under CC BY-SA 4.0.7

Former names

  • MERITAGE CORPNov 13, 1998 to Sep 15, 20046
  • MONTEREY HOMES CORPMay 30, 1997 to Jul 9, 19986
  • HOMEPLEX MORTGAGE INVESTMENTS CORPAug 11, 1994 to May 8, 19966

Timeline

  1. Mar 3, 2021New chief executive Phillippe Lord becomes CEO16
  2. Jan 27, 2006New chief executive John R. Landon becomes CEO17
  3. Jan 2, 1990Went public Listed on NYSE1
  4. 1985Founded Founded1

Filings

357 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 188 insider forms, 18 large holders, 80 other. The latest 20:

  1. Aug 25, 20268-K EDGAR
  2. Jul 31, 202610-Q EDGAR
  3. Jul 29, 20268-K EDGAR
  4. Jun 29, 20268-K EDGAR
  5. May 21, 20268-K EDGAR
  6. May 13, 20264 EDGAR
  7. May 13, 20264 EDGAR
  8. May 12, 2026144 EDGAR
  9. Apr 30, 2026SCHEDULE 13G EDGAR
  10. Apr 29, 2026SCHEDULE 13G EDGAR
  11. Apr 24, 202610-Q EDGAR
  12. Apr 22, 20268-K EDGAR
  13. Apr 7, 2026ARS EDGAR
  14. Apr 7, 2026DEFA14A EDGAR
  15. Apr 7, 2026DEF 14A EDGAR
  16. Mar 27, 2026SCHEDULE 13G/A EDGAR
  17. Mar 26, 20268-K EDGAR
  18. Mar 26, 2026PRE 14A EDGAR
  19. Mar 25, 20264 EDGAR
  20. Mar 25, 20264 EDGAR

The 357 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

91 open-market trades by officers, directors and large owners since October 2021: 5 buys and 86 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 12, 2026Sasser AlisonSVP - Chief Accounting OfficerSale1,273$62.11$79.1KForm 4
Feb 24, 2026Sasser AlisonSVP - Chief Accounting OfficerSale151$76.80$11.6KForm 4
Feb 24, 2026Woffinden Austin MEVP, Corp. Ops & StrategySale143$76.80$11.0KForm 4
Feb 23, 2026HILTON STEVEN JExecutive ChairmanSale4,835$76.13$368.1KForm 4
Feb 23, 2026Clinton MalissiaEVP - Gen. Counsel, SecretarySale5,185$76.11$394.6KForm 4
Feb 23, 2026Feliciano JavierEVP Chief People OfficerSale3,580$76.24$272.9KForm 4
Feb 23, 2026Sferruzza HillaEVP- Chief Financial OfficerSale10,928$76.35$834.3KForm 4
Feb 23, 2026Lord PhillippeChief Executive OfficerSale32,820$76.49$2.5MForm 4
Feb 20, 2026Woffinden Austin MEVP, Corp. Ops & StrategySale263$78.16$20.6KForm 4
Feb 20, 2026Sasser AlisonSVP - Chief Accounting OfficerSale158$78.16$12.3KForm 4
Feb 18, 2026Woffinden Austin MEVP, Corp. Ops & StrategySale647$79.46$51.4KForm 4
Feb 18, 2026Lord PhillippeChief Executive OfficerSale5,000$80.07$400.4KForm 4
Feb 18, 2026Sasser AlisonSVP - Chief Accounting OfficerSale680$79.46$54.0KForm 4
Aug 22, 2025Lord PhillippeChief Executive OfficerSale6,950$80.01$556.1KForm 4
Aug 12, 2025Clinton MalissiaEVP - Gen. Counsel, SecretarySale6,518$71.59$466.6KForm 4
Jul 25, 2025ARRIOLA DENNIS VDirectorBuy2,200$70.00$154.0KForm 4
Jun 12, 2025Keough JosephDirectorBuy4,000$66.16$264.6KForm 4
Mar 13, 2025Keough JosephDirectorBuy5,000$69.28$346.4KForm 4
Mar 3, 2025Feliciano JavierEVP Chief People OfficerSale4,862$72.07$350.4KForm 4
Mar 3, 2025Lord PhillippeChief Executive OfficerSale36,167$71.30$2.6MForm 4

All 91 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.12,228,015$1.0B0.0%+503,452
Vanguard Portfolio Management LLC4,046,067$339.3M0.0%+78,631
Fmr LLC3,916,619$328.4M0.0%+328,569
State Street Corp3,594,997$301.4M0.0%+140,265
Vanguard Capital Management LLC2,896,044$242.8M0.0%+13,234
Dimensional Fund Advisors LP2,873,406$240.9M0.0%−4,562
Capital World Investors2,042,101$171.2M0.0%+54,251
Two Sigma Investments, LP1,839,080$154.2M0.1%+438,051
Geode Capital Management, LLC1,718,277$144.1M0.0%+56,536
Goldman Sachs Group Inc1,443,063$121.0M0.0%+45,274
Bamco Inc /ny/1,341,653$112.5M0.2%New
Greenhaven Associates Inc1,297,494$108.8M1.3%−157,355
Earnest Partners LLC1,296,501$108.7M0.4%−50,712
UBS Group AG1,155,013$96.8M0.0%+463,423
Millennium Management LLC1,120,468$94.0M0.1%+270,044
Charles Schwab Investment Management Inc1,036,907$86.9M0.0%+54,698
Norges Bank931,561$78.1M0.0%New
Bank of New York Mellon Corp821,387$68.9M0.0%−1,935
Morgan Stanley804,790$67.5M0.0%−148,183
Northern Trust Corp793,553$66.5M0.0%+68,520
Wellington Management Group Llp772,275$64.8M0.0%+94,656
Ameriprise Financial Inc665,083$55.8M0.0%+61,014
Nomura Asset Management International Inc.638,872$53.6M0.1%−36,321
BNP PARIBAS ASSET MANAGEMENT Holding S.A.614,232$51.5M0.1%−3,270
Barclays PLC612,251$51.3M0.0%+45,719

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 4, 2019Donna Shalala, HouseSale$1,001 - $15,000+42.5%Report
May 15, 2019Donna Shalala, HousePartial sale$1,001 - $15,000+38.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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