Meritage Homes Stock Income Statements

Meritage Homes Quarterly Income Statements Chart

Quarterly

Annual

Revenue

Meritage Homes Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2005-09-30	2004-03-31	2003-09-30	2003-06-30

homebuilding:
home closing revenue	1,615,709,000	1,342,104,000	1,595,928,000	1,585,784,000	1,693,738,000	1,466,096,000	1,641,523,000	1,610,317,000	1,543,021,000	1,261,923,000	1,984,063,000	1,569,032,000	1,408,947,000	1,245,456,000	1,498,813,000	1,251,435,000	1,264,643,000	1,079,982,000	1,409,160,000	1,133,221,000	1,031,591,000	890,417,000	1,103,741,000	939,185,000	863,053,000	698,650,000	996,063,000	877,734,000	872,383,000	728,532,000	923,370,000	805,008,000	797,780,000	660,617,000	876,094,000	735,870,000	795,845,000	595,617,000	761,372,000	661,884,000	591,027,000	517,273,000	688,288,000	545,524,000	502,800,000	405,779,000	533,492,000	483,147,000	436,040,000	330,710,000	364,118,000	334,880,000	281,340,000	204,022,000	217,534,000	217,534,000	220,131,000	177,489,000	214,616,000	233,803,000	291,405,000	200,582,000	279,589,000	231,816,000	220,414,000	230,978,000	386,631,000	372,907,000	373,923,000	371,656,000	615,611,000	574,667,000	567,748,000	753,505,000	423,502,000
land closing revenue	8,277,000	15,421,000	17,356,000	2,665,000		2,305,000	11,682,000	2,783,000	24,379,000	17,385,000	7,328,000	8,989,000	3,434,000	41,478,000	12,000	8,470,000	12,956,000	3,799,000	777,000	4,870,000	1,488,000	10,596,000	33,107,000	1,695,000	1,557,000	9,495,000	12,716,000	6,847,000	5,112,000	14,032,000	23,055,000	589,000	4,198,000	12,155,000	4,614,000	16,987,000	2,051,000	2,149,000	20,241,000	8,072,000	6,774,000	1,439,000	10,630,000	11,252,000	2,804,000	2,566,000	2,702,000	8,933,000	13,910,000	5,725,000	468,000	7,763,000	755,000	328,000	0	0	0	100,000	28,000	0	0	1,222,000	6,231,000		1,125,000	160,000	12,944,000	1,859,000	1,375,000	1,773,000	3,297,000	3,902,000	919,000	1,945,000
total closing revenue	1,623,986,000	1,357,525,000	1,613,284,000	1,588,449,000	1,693,738,000	1,468,401,000	1,653,205,000	1,613,100,000	1,567,400,000	1,279,308,000	1,991,391,000	1,578,021,000	1,412,381,000	1,286,934,000	1,498,825,000	1,259,905,000	1,277,599,000	1,083,781,000	1,409,937,000	1,138,091,000	1,033,079,000	901,013,000	1,136,848,000	940,880,000	864,610,000	708,145,000	1,008,779,000	884,581,000	877,495,000	742,564,000	946,425,000	805,597,000	801,978,000	672,772,000	880,708,000	752,857,000	797,896,000	597,766,000	781,613,000	669,956,000	597,801,000	518,712,000	698,918,000	556,776,000	505,604,000	408,345,000	536,194,000	492,080,000	449,950,000	336,435,000	364,586,000	342,643,000	282,095,000	204,350,000	217,534,000	217,534,000	220,131,000	177,589,000	214,644,000	233,803,000	291,405,000	201,804,000	285,820,000	231,816,000	221,539,000	231,138,000	399,575,000	374,766,000	375,298,000	373,429,000	618,908,000	578,569,000	568,667,000
cost of home closings	-1,274,381,000	-1,046,454,000	-1,226,114,000	-1,193,219,000	-1,254,232,000	-1,088,138,000	-1,228,426,000	-1,180,742,000	-1,166,041,000	-979,462,000	-1,484,071,000	-1,118,394,000	-964,208,000	-867,807,000	-1,064,068,000	-879,759,000	-919,342,000	-813,327,000	-1,071,375,000	-889,654,000	-810,895,000	-712,057,000	-884,778,000	-753,068,000	-703,935,000	-582,188,000	-806,550,000	-719,142,000	-712,868,000	-604,202,000	-755,067,000	-659,350,000	-656,870,000	-553,349,000	-719,324,000	-604,891,000	-658,099,000	-492,270,000	-614,794,000	-536,267,000	-476,790,000	-421,786,000	-548,371,000	-434,286,000	-392,839,000	-313,180,000	-409,568,000	-372,772,000	-342,435,000	-266,350,000	-294,919,000	-272,309,000	-229,200,000	-168,616,000	-178,544,000	-178,544,000	-179,954,000	-146,445,000	-175,707,000	-190,562,000	-238,205,000	-162,042,000												575,494,000
cost of land closings	-8,996,000	-12,256,000	-14,026,000	-1,985,000		-2,298,000	-9,104,000	-2,535,000	-24,202,000	-15,945,000	-7,600,000	-8,577,000	-2,784,000	-30,685,000	-2,074,000	-7,706,000	-13,288,000	-3,252,000	-21,016,000	-4,360,000	-2,936,000	-10,213,000	-32,750,000	-1,721,000	-3,299,000	-9,129,000	-13,541,000	-6,922,000	-5,799,000	-15,242,000	-20,133,000	-1,646,000	-4,198,000	-9,660,000	-3,946,000	-16,092,000	-1,693,000	-1,700,000	-14,744,000	-7,445,000	-6,262,000	-1,285,000	-10,266,000	-11,729,000	-2,762,000	-3,593,000	-1,990,000	-6,126,000	-12,463,000	-5,550,000	-258,000	-7,493,000	-466,000	-205,000	0	0	0	-91,000	-29,000	0	0	-964,000												1,888,000
total cost of closings	-1,283,377,000	-1,058,710,000	-1,240,140,000	-1,195,204,000	-1,254,232,000	-1,090,436,000	-1,237,530,000	-1,183,277,000	-1,190,243,000	-995,407,000	-1,491,671,000	-1,126,971,000	-966,992,000	-898,492,000	-1,066,142,000	-887,465,000	-932,630,000	-816,579,000	-1,092,391,000	-894,014,000	-813,831,000	-722,270,000	-917,528,000	-754,789,000	-707,234,000	-591,317,000	-820,091,000	-726,064,000	-718,667,000	-619,444,000	-775,200,000	-660,996,000	-661,068,000	-563,009,000	-723,270,000	-620,983,000	-659,792,000	-493,970,000	-629,538,000	-543,712,000	-483,052,000	-423,071,000	-558,637,000	-446,015,000	-395,601,000	-316,773,000	-251,424,000	-378,898,000	-354,898,000	-271,900,000
home closing gross profit	341,328,000	295,650,000	369,814,000	392,565,000	439,506,000	377,958,000	413,097,000	429,575,000	376,980,000	282,461,000	499,992,000	450,638,000	444,739,000	377,649,000	434,745,000	371,676,000	345,301,000	266,655,000	337,785,000	243,567,000	220,696,000	178,360,000	218,963,000	186,117,000	159,118,000	116,462,000	189,513,000	158,592,000	159,515,000	124,330,000	168,303,000	145,658,000	140,910,000	107,268,000	156,770,000	130,979,000	137,746,000	103,347,000	146,578,000	125,617,000	114,237,000	95,487,000	139,917,000	111,238,000	109,961,000	92,599,000	123,574,000	110,375,000	93,605,000	64,360,000	68,763,000	62,154,000	51,946,000	35,113,000	38,070,000	38,070,000	39,587,000	30,380,000	34,001,000	42,561,000		37,998,000	17,244,000	23,183,000		17,350,000			23,268,000	1,081,000			9,588,000	178,011,000	83,163,000
land closing gross (loss)/profit	-719,000																-332,000										-825,000	-75,000	-687,000	-1,210,000	359,500	-1,057,000											364,000	-477,000		-1,027,000							-380,000		-127,000	-127,000			64,500	0	0
total closing gross profit	340,609,000	298,815,000	373,144,000	393,245,000	439,506,000	377,965,000	415,675,000	429,823,000	377,157,000	283,901,000	499,720,000	451,050,000	445,389,000	388,442,000	432,683,000	372,440,000	344,969,000	267,202,000	317,546,000	244,077,000	219,248,000	178,743,000	219,320,000	186,091,000	157,376,000	116,828,000	188,688,000	158,517,000	158,828,000	123,120,000	171,225,000	144,601,000	140,910,000	109,763,000	157,438,000	131,874,000	138,104,000	103,796,000	152,075,000	126,244,000	114,749,000	95,641,000	140,281,000	110,761,000	110,003,000	91,572,000	123,649,000	113,182,000	95,052,000	64,535,000	68,973,000	62,424,000	51,566,000	35,236,000	37,943,000	37,943,000	39,587,000	30,389,000	33,428,250	42,561,000		38,256,000				17,322,000			16,616,000	1,167,000			9,759,000
financial services:
revenue	9,425,000	7,082,000	8,429,000	8,070,000	8,311,000	6,353,000	7,200,000	6,109,000	6,210,000	5,731,000	7,357,000	6,308,000	5,139,000	4,672,000	5,583,000	5,208,000	5,665,000	4,751,000	5,768,000	4,939,000	4,478,000	3,912,000	4,756,000	4,317,000	4,160,000	3,228,000	4,412,000	3,832,000	3,870,000	3,048,000	4,061,000	3,549,000	3,649,000	2,944,000	3,392,000	3,139,000	3,476,000	2,500,000	3,101,000	3,000,000	2,741,000	2,535,000	3,022,000	2,749,000	2,451,000	1,899,000	2,077,000	1,684,000	1,434,000	842,000
yoy	13.40%	11.47%	17.07%	32.10%	33.83%	10.85%	-2.13%	-3.15%	20.84%	22.67%	31.78%	21.12%	-9.29%	-1.66%	-3.21%	5.45%	26.51%	21.45%	21.28%	14.41%	7.64%	21.19%	7.80%	12.66%	7.49%	5.91%	8.64%	7.97%	6.06%	3.53%	19.72%	13.06%	4.98%	17.76%	9.38%	4.63%	26.82%	-1.38%	2.61%	9.13%	11.83%	33.49%	45.50%	63.24%	70.92%	125.53%
qoq	33.08%	-15.98%	4.45%	-2.90%	30.82%	-11.76%	17.86%	-1.63%	8.36%	-22.10%	16.63%	22.75%	10.00%	-16.32%	7.20%	-8.07%	19.24%	-17.63%	16.78%	10.29%	14.47%	-17.75%	10.17%	3.77%	28.87%	-26.84%	15.14%	-0.98%	26.97%	-24.94%	14.43%	-2.74%	23.95%	-13.21%	8.06%	-9.70%	39.04%	-19.38%	3.37%	9.45%	8.13%	-16.12%	9.93%	12.16%	29.07%	-8.57%	23.34%	17.43%	70.31%
expense	-4,656,000	-4,192,000	-4,024,000	-3,706,000	-3,924,000	-3,003,000	-3,218,000	-2,871,000	-2,972,000	-3,067,000	-3,236,000	-2,804,000	-2,581,000	-2,512,000	-2,336,000	-2,308,000	-2,367,000	-2,171,000	-2,278,000	-2,026,000	-1,758,000	-1,735,000	-1,832,000	-1,725,000	-1,720,000	-1,504,000	-1,618,000	-1,659,000	-1,693,000	-1,484,000	-1,552,000	-1,524,000	-1,551,000	-1,379,000	-1,435,000	-1,398,000	-1,508,000	-1,246,000	-1,289,000	-1,253,000	-1,362,000	-1,299,000	-1,368,000	-1,238,000	-1,131,000	-1,075,000	-557,250	-901,000	-755,000	-573,000
earnings/(loss) from financial services unconsolidated entities and other	842,000	673,000			450,000		-768,500	2,462,000
financial services profit	5,611,000		7,162,000	3,101,000			6,400,000	5,700,000		2,923,000	6,039,000	4,842,000	4,079,000	3,334,000	5,435,000	4,224,000	4,615,000	3,760,000	5,446,000	4,315,000	3,789,000	2,838,000	4,264,000	5,582,000	6,031,000	4,702,000	7,852,000	6,321,000	5,651,000	4,220,000	6,694,000	5,514,000	5,557,000	4,290,000	6,137,000	5,956,000	5,763,000	4,046,000	5,754,000	5,601,000	4,136,000	3,780,000	5,242,000	4,294,000	3,617,000	3,025,000	4,439,000	4,294,000	4,165,000	3,056,000
commissions and other sales costs	-108,830,000	-94,720,000	-104,956,000	-97,898,000	-104,665,000	-101,550,000	-107,145,000	-99,122,000	-95,798,000	-82,846,000	-110,459,000	-77,884,000	-69,383,000	-65,540,000	-74,818,000	-68,952,000	-73,889,000	-67,744,000	-83,038,000	-73,282,000	-70,408,000	-61,173,000	-70,598,000	-63,450,000	-60,125,000	-52,555,000	-68,040,000	-60,282,000	-60,823,000	-52,752,000	-62,781,000	-55,845,000	-54,701,000	-48,320,000	-60,058,000	-52,478,000	-56,379,000	-46,177,000	-53,542,000	-48,097,000	-45,167,000	-41,612,000	-49,492,000	-40,211,000	-36,105,000	-30,934,000	-36,190,000	-33,467,000	-31,180,000	-25,879,000	-26,883,000	-25,855,000	-23,118,000	-18,977,000			-18,853,000	-15,315,000	-18,346,000	-19,624,000	-21,606,000	-17,222,000															-21,328,000
general and administrative expenses	-55,183,000	-56,997,000	-67,742,000	-59,198,000	-53,184,000	-50,732,000	-68,972,000	-63,091,000	-52,140,000	-47,519,000	-56,614,000	-48,443,000	-47,932,000	-39,995,000	-53,152,000	-47,192,000	-43,156,000	-37,949,000	-47,937,000	-40,737,000	-36,176,000	-34,170,000	-40,557,000	-37,191,000	-34,779,000	-33,566,000	-37,474,000	-35,906,000	-34,205,000	-30,893,000	-33,192,000	-31,636,000	-29,591,000	-29,622,000	-32,029,000	-33,258,000	-28,898,000	-29,618,000	-26,775,000	-28,774,000	-27,650,000	-29,650,000	-29,138,000	-29,218,000	-24,571,000	-21,671,000	-24,923,000	-24,412,000	-22,451,000	-19,724,000	-17,739,000	-19,209,000	-16,516,000	-14,721,000			-14,990,000	-15,126,000	-12,684,000	-15,678,000	-16,729,000	-14,693,000
interest expense														-41,000	-72,000	-79,000	-77,000	-90,000	-1,000	-55,000	-2,105,000	-16,000	-20,000	-1,068,000	-3,197,000	-4,085,000	-552,000	-53,000	-44,000	-136,000	-292,000	-1,116,000	-1,620,000	-825,000	-45,000	-167,000	-1,672,000	-3,288,000	-4,003,000	-4,187,000	-4,621,000	-3,154,000	-594,000	-460,000	-1,396,000	-2,713,000	-1,979,000	-3,462,000	-4,523,000	-5,128,000	-5,526,000	-5,009,000	-6,338,000	-7,371,000	-19,708,000	-19,708,000	-7,496,000	-8,023,000	-8,449,000	-8,425,000	-8,553,000	-8,295,000
other income	10,853,000	9,498,000	13,954,000	10,682,000	11,498,000	9,022,000									1,421,000	1,268,000	1,377,000	798,000	3,349,000	1,188,000	1,514,000	611,000	3,761,000	2,402,000	2,368,000	1,046,000	1,393,000	1,918,000	1,934,000	5,371,000	1,304,500	2,028,000	2,080,000	1,110,000			1,545,000				136,000		1,598,750	1,998,000	3,749,000	648,000	440,000	605,000	685,000				792,000		-16,466,000	-16,466,000	1,273,000	723,000	-1,334,000	654,000	51,000	3,932,000	-403,000	1,862,000	3,099,000	1,551,000	824,000	3,770,000	973,000	2,297,000				2,369,000	2,189,000	1,839,000	863,000
loss on early extinguishment of debt					-631,000			-907,000									-18,188,000																																-3,096,000	-700,000					-7,517,000	-7,517,000
earnings before income taxes	193,060,000	160,159,000	221,562,000	249,932,000	297,361,000	234,015,000	258,869,000	285,734,000	239,524,000	165,303,000	342,249,000	329,491,000	331,695,000	285,883,000	311,497,000	261,709,000	215,651,000	165,977,000	195,365,000	135,506,000	115,862,000	86,833,000	110,535,000	92,366,000	67,674,000	32,370,000	91,776,000	71,409,000	71,185,000	48,884,000	84,090,000	63,455,000	63,205,000	36,769,000	76,337,000	53,802,000	59,036,000	28,885,000	76,085,000	46,668,000	41,414,000	25,297,000	66,393,000	47,030,000	55,236,000	39,758,000	27,948,250	56,786,000							876,000	876,000																			43,463,000	40,714,000	34,064,000
benefit from income taxes	-46,181,000	-37,353,000	-48,913,000	-53,966,000	-65,806,000	-47,999,000	-60,018,000	-63,974,000	-52,688,000	-34,002,000	-79,884,000	-67,002,000	-81,611,000	-68,629,000	-74,037,000	-60,957,000	-48,262,000	-34,134,000	-42,838,000	-26,388,000	-25,184,000	-15,681,000	-6,921,000	-22,557,000	-16,846,000	-6,958,000	-16,291,000	-17,274,000	-17,347,000	-5,010,000	-48,537,000	-20,905,000	-21,625,000	-13,197,000	-24,530,000	-16,915,000	-19,158,000	-7,916,000	-23,188,000	-16,360,000	-12,281,000	-8,897,000	-12,247,750	-14,453,000	-20,157,000	-14,381,000				-4,434,000				-180,000			-185,000	-215,000			-225,000	-121,000
net earnings	146,879,000	122,806,000	172,649,000	195,966,000	231,555,000	186,016,000	198,851,000	221,760,000	186,836,000	131,301,000	262,365,000	262,489,000	250,084,000	217,254,000	237,460,000	200,752,000	167,389,000	131,843,000	152,527,000	109,118,000	90,678,000	71,152,000	103,614,000	69,809,000	50,828,000	25,412,000	75,485,000	54,135,000	53,838,000	43,874,000	35,553,000	42,550,000	41,580,000	23,572,000	51,807,000	36,887,000	39,878,000	20,969,000	52,897,000	30,308,000	29,133,000	16,400,000	49,208,000	32,577,000	35,079,000	25,377,000	19,593,750	38,191,000	28,143,000																								-56,576,000	70,253,000	26,919,000	25,755,000	21,312,000
earnings per common share:
basic	2,060	1,710	-6,060	5,410	6,380	5,120	5,450	6,060	5,080	3,580	7,170	7,180	6,820	5,870	6,350	5,330	4,430	3,500	4,060	2,900	2,410	1,870	2,720	1,820	1,330	660	1,920	1,340	1,320	1,080	890	1,060	1,030	590	1,290	920	1,000	530	1,330	760	730	420	1,260	830	900	660	542.5	1,050	780																								-2,160	2,570
diluted	2,040	1,690	-6,000	5,340	6,310	5,060	5,380	5,980	5,020	3,540	7,090	7,100	6,770	5,790	6,230	5,250	4,360	3,440	3,960	2,840	2,380	1,830	2,660	1,790	1,310	650	1,890	1,330	1,310	1,070	860	1,020	980	560	1,220	880	950	500	1,260	730	700	400	1,190	790	850	620	512.5	990	740																								-2,160	2,400
weighted-average number of shares:
basic	71,456,000	71,915,000	72,476,000	36,226,000	36,322,000	36,311,000	36,619,000	36,603,000	36,765,000	36,664,000	36,694,000	36,569,000	36,647,000	36,996,000	37,610,000	37,647,000	37,818,000	37,644,000	37,718,000	37,607,000	37,599,000	38,085,000	38,100,000	38,296,000	38,266,000	38,215,000	40,107,000	40,283,000	40,647,000	40,488,000	40,287,000	40,323,000	40,317,000	40,178,000	39,976,000	40,022,000	40,012,000	39,839,000	39,593,000	39,663,000	39,648,000	39,390,000	39,017,000	39,123,000	39,118,000	38,687,000	36,105,000	36,226,000	36,151,000	35,798,000	34,057	35,216,000	32,755,000				32,395,000	32,260,000	32,060	32,095,000	32,077,000	31,940,000					29,330		29,594,000	26,313,000	26,225	26,249,000	26,232,000	27,311,000	13,234,000	13,033,000	12,985,000
diluted	71,900,000	72,650,000	73,332,000	36,669,000	36,718,000	36,779,000	37,069,000	37,078,000	37,191,000	37,121,000	37,101,000	36,946,000	36,962,000	37,527,000	38,233,000	38,229,000	38,377,000	38,339,000	38,484,000	38,405,000	38,169,000	38,817,000	38,891,000	39,079,000	38,889,000	38,849,000	40,728,000	40,855,000	41,164,000	41,140,000	42,228,000	42,011,000	42,781,000	42,808,000	42,585,000	42,608,000	42,533,000	42,363,000	42,164,000	42,192,000	42,145,000	41,948,000	41,614,000	41,656,000	41,598,000	41,308,000	38,801,000	38,865,000	38,758,000	38,440,000	35,172	35,761,000	33,104,000				32,638,000	32,260,000	32,322	32,297,000	32,287,000	32,197,000					29,330		29,594,000	26,313,000	26,225	26,249,000	26,232,000	29,217,000	14,052,000	13,837,000	13,747,000
land closing gross profit		3,165,000	3,330,000	680,000		7,000	466,250	248,000	177,000	1,440,000	2,963,750	412,000		10,793,000				547,000				383,000												2,495,000	425,500	895,000	358,000	449,000									1,107,250	2,807,000		175,000				123,000	32,417,000	32,417,000	0	9,000												86,000			171,000	57,000
financial services profit/		3,563,000			4,837,000																																																		32,417,000	32,417,000
(loss)/earnings from financial services unconsolidated entities and other			2,757,000	-1,263,000		-4,040,000			-5,795,000
financial services (loss)/profit						-690,000			-2,557,000
other income/(expense)							8,759,250	13,331,000	12,862,000	8,844,000																									1,690,000	1,435,000														470,000
earnings from financial services unconsolidated entities and other										259,000	1,918,000	1,338,000	1,521,000	1,174,000	2,188,000	1,324,000	1,317,000	1,180,000	1,956,000	1,402,000	1,069,000	661,000	1,340,000	2,990,000	3,591,000	2,978,000	5,058,000	4,148,000	3,474,000	2,656,000	4,185,000	3,489,000	3,459,000	2,725,000	4,180,000	4,215,000	3,795,000	2,792,000	3,942,000	3,854,000	2,757,000	2,544,000	3,588,000	2,783,000	2,297,000	2,201,000	3,399,000	3,511,000	3,486,000	2,787,000
other (expense)/income											-212,250	-74,000	-458,000																										-861,250	-3,996,000											-1,928,000	-8,340,000
land closing gross profit/													650,000		244,750	764,000			-138,750	510,000						366,000													5,497,000	627,000	512,000	154,000			42,000				1,447,000		210,000	270,000
other (expense)/ income														-317,000
land closing gross loss																					-1,448,000		-350,500	-26,000	-1,742,000
earnings/(loss) from other unconsolidated entities																											173,000	894,000						373,000	3,204,000	440,000	573,000										-57,250	46,000
(loss)/earnings from other unconsolidated entities																													-156,000	-46,000	213,000	-91,000											-91,000	-134,000
earnings from other unconsolidated entities																																	570,000
income from other unconsolidated entities																																						-157,000	77,000	-123,000	-169,000	-123,000			-61,000	-169,000			-120,000	-155,000
other income/(loss)																																						283,000				415,000
(benefit from)/benefit from income taxes																																															-19,790,000	-18,595,000	-10,389,000		1,195,250	-202,000
earnings/(loss) before income taxes																																																	38,532,000	16,475,000												2,781,000
net earnings/																																																		12,041,000					-160,000	-160,000						2,660,000
earnings/(loss) per common share:
basic																																																		340												80
diluted																																																		320												80
real estate impairments																																																			-436,000	-417,000	-194,000	-293,000			-590,000	-664,000	-381,500	-680,000	-304,000
land impairments																																																					-669,000						-17,000	0	0	0
total cost of closings and impairments																																																			-295,613,000	-280,219,000	-230,529,000	-169,114,000	-920,000	-920,000	-180,544,000	-147,200,000	-180,661,000	-191,242,000	-238,509,000	-163,548,000
earnings from unconsolidated entities																																																			3,607,000	2,975,000	2,228,000	1,423,000			1,226,000	908,000			1,786,000	803,000											1,800,000	3,594,000
loss on extinguishment of debt																																																					-5,772,000		-179,591,000	-179,591,000	0
income/(loss) before income taxes																																																			1,313,500	6,986,000	2,842,000		1,797,000	1,797,000	747,000		1,975,750	731,000	4,391,000
net income/																																																			95,128,000	6,784,000	8,005,000		0	0	562,000		-895,000	1,219,000	4,166,000
income/(loss) per common share:
basic																																																			75	190	240				20		62.5	40	130
diluted																																																			75	190	240				20		62.5	40	130
benefit from/(benefit from) income taxes																																																					5,163,000						35,500	488,000
other (loss)/income																																																						-164,000
income before income taxes																																																						-4,574,000
net income																																																						-4,754,000									43,286,000	-17,785,000	-73,602,000	-18,355,000	-53,196,500	-144,013,000	-23,468,000
yoy																																																															-181.37%	-87.65%	213.63%
qoq																																																															-343.38%	-75.84%	300.99%	-65.50%	-63.06%	513.66%
net income margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
loss per common share:
basic and diluted																																																						-150									-880	-560	-2,370	-600	-1,842.5	-4,690
weighted-average number of shares:
basic and diluted																																																						32,634,000									31,350	31,718,000	31,055,000	30,808,000		30,690,000
land impairment
(loss)/income before income taxes																																																										-6,444,000
net (loss)/income																																																										-6,659,000
(loss)/income per common share:
basic
diluted																																																							-127,000	-127,000
(loss)/earnings per common share:																																																							-3,075,000	-3,075,000
basic																																																							-3,235,000	-3,235,000		-210												-1,720	6,088.99	-4,520
diluted																																																										-210												-1,720	6,088.99	-4,520
earnings/(loss) from unconsolidated entities																																																							-100	-100			1,411,000	1,243,000					852,000	1,397,000		1,322,000
(loss)/gain on extinguishment of debt																																																							-100	-100				0	-3,454,000
home closing gross profit/																																																													52,896,000						7,783,750	6,786,000
total closing gross profit/																																																													52,896,000		3,052,000	22,902,000
home impairments																																																														-542,000
land closing profit/																																																														258,000
gain on extinguishment of debt																																																														0			6,585,000	2,805,000
land closing loss
(loss)/earnings from unconsolidated entities																																																															337,500
home closing gross (loss)/profit																																																																							9,364,000
land closing gross
total closing gross (loss)/profit																																																																			2,879,750				9,264,250
(provision)/benefit for income taxes
land closing (loss)/profit
goodwill and related impairments
income before benefit for income taxes
benefit for income taxes																																																																					10,692,000
loss per common share:
basic																																																																					-790
diluted																																																																					-790
(loss)/earnings before benefit/(provision) for income taxes
benefit/(provision) for income taxes																																																																						25,479,000	68,640,000	73,865,000
net (loss)/earnings																																																																						-45,305,000
interest expense and other income																																																																							1,943,750	972,000	3,670,000
(loss)/earnings before income taxes
net/earnings																																																																							-40,003,000	-118,552,000
earnings before benefit for income taxes
(benefit) benefit from income taxes																																																																									32,628,000
earnings before benefit from income taxes																																																																										112,502,000
general and administrative costs																																																																													-12,076,000
income taxes																																																																												38,753,000	-12,752,000
net earnings per common share:
basic																																																																											2,030	1,980	1,640
diluted																																																																											1,920	1,860	1,550
cash flows from operating activities:
adjustments to reconcile net earnings to net cash from operating activities:
depreciation and amortization																																																																											2,747,000	5,731,000
increase in deferred tax asset
tax benefit from stock option exercises																																																																											900,000
equity in earnings of unconsolidated entities
net increase in liabilities over assets not owned																																																																											96,000
changes in assets and liabilities, net of effect of acquisition in 2004:
increase in real estate
increase in deposits on real estate under option or contract
increase in receivables and prepaid expenses and other assets
increase in accounts payable and accrued liabilities																																																																												42,588,000
increase in home sale deposits																																																																											3,269,000	12,857,000
net cash from operating activities																																																																											8,662,000
cash flows from investing activities:
investments in unconsolidated entities
distributions from unconsolidated entities																																																																											916,000
purchases of property and equipment
cash paid for acquisition
increase in goodwill
net cash from investing activities
cash flows from financing activities:
proceeds from loans payable																																																																											466,800,000	865,335,000
repayments of loans payable
proceeds from issuance of senior notes																																																																												133,260,000
purchase of treasury stock
proceeds from stock option exercises																																																																											1,150,000	1,270,000
net cash from financing activities																																																																											31,650,000	114,974,000
net increase in cash and cash equivalents																																																																											6,891,000	310,000
cash and cash equivalents, beginning of period																																																																											4,799,000
cash and cash equivalents, end of period																																																																											11,690,000
home sales revenue																																																																												380,752,000	325,733,000
land sales revenue																																																																													8,100,000
cost of home sales																																																																													-260,369,000
cost of land sales																																																																													-6,859,000
home sales gross profit																																																																												76,739,000	65,364,000
land sales gross profit																																																																													1,241,000
changes in operating assets and liabilities, excluding the effects of 2002 acquisitions:
decrease in receivables and prepaid expenses and other assets																																																																												11,000
investments in and distributions from unconsolidated entities
cash paid for acquisitions
proceeds from sale of common stock
cash and cash equivalents at beginning of period																																																																												6,600,000
cash and cash equivalents at end of period																																																																												6,910,000
supplemental disclosure of cash flow information:
cash paid during the period for:
interest																																																																												13,101,000
supplemental disclosure of non-cash flow activity:
increase in consolidated real estate not owned																																																																												-31,675,000
changes in assets and liabilities:
supplemental disclosure of non-cash activity:

We provide you with 20 years income statements for Meritage Homes stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Meritage Homes stock. Explore the full financial landscape of Meritage Homes stock with our expertly curated income statements.

The information provided in this report about Meritage Homes stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.