Meritage Homes CORP
MTH· NYSE
MTHMeritage Homes CORP
Released Oct 28, 2026, after the close
10-Q filed Oct 30, 2026, 30 days after period end · 0000833079-26-000135
Meritage Homes reports third quarter 2026 results SCOTTSDALE, Ariz., October 28, 2026 - Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2026.
The release| Metric | Q3 2026 | Q3 2025 | Q3 2024 | Q3 2023 |
|---|---|---|---|---|
| Net Income | $67.78M | $99.30M | $195.97M | $221.76M |
| EPS Diluted | $1.04 | $1.39 |
Meritage Homes CORP · CIK 833079 · Engraved from SEC EDGAR
| $2.67 |
| $5.98 |
The same fiscal quarter, prior years. Thaler holds no estimates to compare against.
Net earnings were $68 million ($1.04 per diluted share) for the third quarter of 2026, a 32% decrease from $99 million ($1.39 per diluted share) for the third quarter of 2025.¶2
Home closing revenue decreased 17% year-over-year in the third quarter of 2026 to $1.2 billion, and home closing gross margin was 17.4%, 170 bps lower than 19.1% in the prior year.¶3¶4
Net earnings were $214 million ($3.22 per diluted share) for the first nine months of 2026, a 42% decrease from $369 million ($5.13 per diluted share) for the first nine months of 2025.¶5
Cash and cash equivalents at September 30, 2026 totaled $677 million, and the net debt-to-capital ratio was 18.9%, compared to 16.9% at December 31, 2025.¶6¶7
For the first nine months of 2026, the Company repurchased 4,101,288 shares of stock for $285 million, up 97% from $145 million in the prior year, with $229 million remaining available to repurchase.¶8
