Meritage Homes (MTH) Revenue & Revenue Breakdown
Meritage Homes Revenue Highlights
Latest Revenue (Y)
$6.14B
Latest Revenue (Q)
$1.70B
Main Segment (Y)
Real Estate
Meritage Homes Revenue by Period
Meritage Homes Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $6.14B | -2.55% |
| 2022-12-31 | $6.30B | 22.36% |
| 2021-12-31 | $5.15B | 14.22% |
| 2020-12-31 | $4.51B | 22.53% |
| 2019-12-31 | $3.68B | 3.78% |
| 2018-12-31 | $3.54B | 8.88% |
| 2017-12-31 | $3.25B | 6.48% |
| 2016-12-31 | $3.06B | 17.90% |
| 2015-12-31 | $2.59B | 18.35% |
| 2014-12-31 | $2.19B | 19.45% |
| 2013-12-31 | $1.83B | 53.63% |
| 2012-12-31 | $1.19B | 38.60% |
| 2011-12-31 | $861.24M | -8.54% |
| 2010-12-31 | $941.66M | -2.95% |
| 2009-12-31 | $970.31M | -36.29% |
| 2008-12-31 | $1.52B | -35.01% |
| 2007-12-31 | $2.34B | -32.29% |
| 2006-12-31 | $3.46B | 15.33% |
| 2005-12-31 | $3.00B | 47.11% |
| 2004-12-31 | $2.04B | 38.68% |
| 2003-12-31 | $1.47B | 31.36% |
| 2002-12-31 | $1.12B | 50.48% |
| 2001-12-31 | $744.17M | 42.98% |
| 2000-12-31 | $520.47M | 52.28% |
| 1999-12-31 | $341.79M | 33.52% |
| 1998-12-31 | $255.98M | 71.08% |
| 1997-12-31 | $149.63M | 6701.34% |
| 1996-12-31 | $2.20M | -38.89% |
| 1995-12-31 | $3.60M | 71.43% |
| 1994-12-31 | $2.10M | 320.00% |
| 1993-12-31 | $500.00K | - |
Meritage Homes generated $6.14B in revenue during NA 2023, up -2.55% compared to the previous quarter, and up 173.19% compared to the same period a year ago.
Meritage Homes Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.70B | 15.41% |
| 2024-03-31 | $1.47B | -11.31% |
| 2023-12-31 | $1.66B | 2.54% |
| 2023-09-30 | $1.62B | 3.44% |
| 2023-06-30 | $1.57B | 21.98% |
| 2023-03-31 | $1.29B | -35.76% |
| 2022-12-31 | $2.00B | 26.17% |
| 2022-09-30 | $1.59B | 11.74% |
| 2022-06-30 | $1.42B | 9.77% |
| 2022-03-31 | $1.29B | -14.19% |
| 2021-12-31 | $1.51B | 18.96% |
| 2021-09-30 | $1.27B | -1.41% |
| 2021-06-30 | $1.28B | 17.88% |
| 2021-03-31 | $1.09B | -23.13% |
| 2020-12-31 | $1.42B | 23.87% |
| 2020-09-30 | $1.14B | 10.19% |
| 2020-06-30 | $1.04B | 14.69% |
| 2020-03-31 | $905.59M | -20.77% |
| 2019-12-31 | $1.14B | 20.54% |
| 2019-09-30 | $948.19M | 8.69% |
| 2019-06-30 | $872.36M | 22.12% |
| 2019-03-31 | $714.35M | -29.85% |
| 2018-12-31 | $1.02B | 14.08% |
| 2018-09-30 | $892.56M | 0.87% |
| 2018-06-30 | $884.84M | 18.25% |
| 2018-03-31 | $748.27M | -21.62% |
| 2017-12-31 | $954.67M | 17.48% |
| 2017-09-30 | $812.63M | 0.44% |
| 2017-06-30 | $809.09M | 19.26% |
| 2017-03-31 | $678.44M | -23.62% |
| 2016-12-31 | $888.28M | 16.85% |
| 2016-09-30 | $760.21M | -5.58% |
| 2016-06-30 | $805.17M | 33.51% |
| 2016-03-31 | $603.06M | -23.53% |
| 2015-12-31 | $788.66M | 16.53% |
| 2015-09-30 | $676.81M | 12.18% |
| 2015-06-30 | $603.30M | 15.18% |
| 2015-03-31 | $523.79M | -25.76% |
| 2014-12-31 | $705.53M | 25.47% |
| 2014-09-30 | $562.31M | 10.18% |
| 2014-06-30 | $510.35M | 23.74% |
| 2014-03-31 | $412.44M | -23.86% |
| 2013-12-31 | $541.67M | 8.93% |
| 2013-09-30 | $497.27M | 9.32% |
| 2013-06-30 | $454.87M | 33.76% |
| 2013-03-31 | $340.06M | -6.73% |
| 2012-12-31 | $364.59M | 6.40% |
| 2012-09-30 | $342.64M | 21.46% |
| 2012-06-30 | $282.10M | 38.05% |
| 2012-03-31 | $204.35M | -16.93% |
| 2011-12-31 | $245.99M | 13.08% |
| 2011-09-30 | $217.53M | -1.18% |
| 2011-06-30 | $220.13M | 23.96% |
| 2011-03-31 | $177.59M | -17.26% |
| 2010-12-31 | $214.64M | -8.19% |
| 2010-09-30 | $233.80M | -19.77% |
| 2010-06-30 | $291.40M | 44.40% |
| 2010-03-31 | $201.80M | -29.39% |
| 2009-12-31 | $285.82M | 23.30% |
| 2009-09-30 | $231.82M | 4.64% |
| 2009-06-30 | $221.54M | -4.15% |
| 2009-03-31 | $231.14M | -42.15% |
| 2008-12-31 | $399.57M | 6.62% |
| 2008-09-30 | $374.77M | -0.14% |
| 2008-06-30 | $375.30M | 0.50% |
| 2008-03-31 | $373.43M | - |
Meritage Homes generated $1.70B in revenue during Q2 2024, up 15.41% compared to the previous quarter, and up 132.42% compared to the same period a year ago.
Meritage Homes Revenue Breakdown
Meritage Homes Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Real Estate | $6.11B | $6.27B | $5.12B | $4.48B | $3.65B |
| Financial Service | $25.25M | $23.48M | $21.21M | $19.10M | $16.46M |
| Land | $56.23M | $61.23M | $25.24M | $17.73M | $45.85M |
| Home Building | $6.06B | $6.21B | $5.09B | $3.60B | - |
| Homebuilding Segment | - | - | - | $4.46B | - |
Meritage Homes's latest annual revenue breakdown by segment (product or service), as of Dec 23: Real Estate (49.90%), Home Building (49.44%), Land (0.46%), and Financial Service (0.21%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Service | $8.31M | $6.35M | $7.20M | $6.11M | $6.21M | $5.73M | $7.36M | $6.31M | $2.58M | $4.67M | $5.58M | $5.21M | $5.67M | $4.75M | $5.77M | $4.94M | $4.48M | $3.91M | $4.76M | $4.32M |
| Land | - | $2.31M | $11.68M | $2.78M | $24.38M | $17.39M | $7.33M | $8.99M | $3.43M | $41.48M | $12.00K | $8.47M | $12.96M | $3.80M | $777.00K | $4.87M | $1.49M | $10.60M | $33.11M | $1.70M |
| Home Building | $1.69B | $1.47B | $1.64B | $1.61B | $1.54B | $1.26B | $1.98B | $1.57B | $1.41B | $1.25B | $1.50B | $1.25B | $1.26B | $1.08B | $1.13B | $1.03B | $890.42M | $1.10B | $939.18M | - |
| Real Estate | $1.69B | $1.47B | $1.65B | $1.61B | $1.57B | $1.28B | $1.99B | $1.58B | $1.29B | $1.50B | $1.26B | $1.28B | $1.08B | $1.41B | $1.14B | $1.03B | $901.01M | $1.14B | $940.88M | - |
Meritage Homes's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Home Building (49.88%), Real Estate (49.88%), and Financial Service (0.24%).
Meritage Homes Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TMHC | Taylor Morrison Home | $7.42B | $1.99B |
| KBH | KB Home | $6.41B | $1.71B |
| MTH | Meritage Homes | $6.14B | $1.70B |
| MHO | M/I Homes | $4.03B | $1.11B |
| TPH | Tri Pointe Homes | $3.72B | $1.14B |
| CCS | Century Communities | $3.69B | $1.04B |
| HOV | Hovnanian Enterprises | $2.76B | $722.70M |
| LGIH | LGI Homes | $2.36B | $1.05B |
| BZH | Beazer Homes USA | $2.21B | $595.68M |
MTH Revenue FAQ
What is Meritage Homes’s yearly revenue?
Meritage Homes's yearly revenue for 2023 was $6.14B, representing a decrease of -2.55% compared to 2022. The company's yearly revenue for 2022 was $6.3B, representing an increase of 22.36% compared to 2021. MTH's yearly revenue for 2021 was $5.15B, representing an increase of 14.22% compared to 2020.
What is Meritage Homes’s quarterly revenue?
Meritage Homes's quarterly revenue for Q2 2024 was $1.7B, a 15.41% increase from the previous quarter (Q1 2024), and a 8.56% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.47B, a -11.31% decrease from the previous quarter (Q4 2023), and a 14.74% increase year-over-year (Q1 2023). MTH's quarterly revenue for Q4 2023 was $1.66B, a 2.54% increase from the previous quarter (Q3 2023), and a -16.89% decrease year-over-year (Q4 2022).
What is Meritage Homes’s revenue growth rate?
Meritage Homes's revenue growth rate for the last 3 years (2021-2023) was 19.24%, and for the last 5 years (2019-2023) was 66.88%.
What are Meritage Homes’s revenue streams?
Meritage Homes's revenue streams in c 23 are Real Estate, Financial Service, Land, and Home Building. Real Estate generated $6.11B in revenue, accounting 49.90% of the company's total revenue, down -2.48% year-over-year. Financial Service generated $25.25M in revenue, accounting 0.21% of the company's total revenue, up 7.56% year-over-year. Land generated $56.23M in revenue, accounting 0.46% of the company's total revenue, down -8.17% year-over-year. Home Building generated $6.06B in revenue, accounting 49.44% of the company's total revenue, down -2.43% year-over-year.
What is Meritage Homes’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Meritage Homes was Real Estate. This segment made a revenue of $6.11B, representing 49.90% of the company's total revenue.