Meritage Homes showed strong operational achievements such as record community count and improved cycle times, alongside proactive shareholder returns. However, these were offset by significant challenges including a decline in home closing revenue, gross margin pressure, and increased SG&A expenses due to market conditions.

Company Guidance -

Q3 2025

During the Meritage Homes Second Quarter 2025 Analyst Call, the company reported several key metrics and strategic insights. Meritage secured orders for 3,914 homes and delivered 4,170 homes in Q2 2025, achieving a home closing revenue of $1.6 billion. They reported an adjusted home closing gross margin of 21.4%, excluding terminated land deal charges. The company's diluted EPS for the quarter was $2.04, and they saw a 10% year-over-year increase in book value per share. Community count reached 312, marking the highest in company history. The average absorption pace was 4.3 net sales per month, with a cancellation rate of 10%. Average selling price (ASP) on orders was $395,000, down 5% from the previous year due to increased financing incentives. Meritage aims for double-digit year-over-year growth in community count by the end of 2025. Additionally, land acquisition and development spend was reduced to $509 million, with plans to lower full-year land spend from $2.5 billion to $2 billion. The company maintained a healthy balance sheet with $930 million in cash and a net debt-to-capitalization ratio of 14.6%.

Record Community Count

Meritage Homes achieved a community count of 312 active stores, marking the highest in company history with plans for further growth.

Improved Cycle Times

The company reduced construction times from approximately 120 days to 110 days, enhancing operational efficiency.

Strong Absorption Pace

Meritage Homes maintained a strong absorption rate of 4.3 net sales per month during Q2 2025.

Backlog Conversion

Achieved over 200% backlog conversion, improving inventory turnover and cycle times.

Shareholder Returns

Increased quarterly cash dividend by 15% year-over-year and spent $45 million on share buybacks during Q2 2025.

Meritage (MTH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MTH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.63 / -	2.67	―	―	―
Jul 23, 2025	2025 (Q2)	1.97 / 2.04	3.155	-35.34% (-1.11)
Apr 23, 2025	2025 (Q1)	1.69 / 1.69	2.53	-33.20% (-0.84)
Jan 29, 2025	2024 (Q4)	2.24 / 2.36	2.69	-12.27% (-0.33)
Oct 29, 2024	2024 (Q3)	2.49 / 2.67	2.99	-10.70% (-0.32)
Jul 24, 2024	2024 (Q2)	2.57 / 3.15	2.51	25.70% (+0.65)
Apr 24, 2024	2024 (Q1)	1.78 / 2.53	1.77	42.94% (+0.76)
Jan 31, 2024	2023 (Q4)	2.58 / 2.69	3.545	-24.12% (-0.85)
Oct 31, 2023	2023 (Q3)	2.56 / 2.99	3.55	-15.77% (-0.56)
Jul 27, 2023	2023 (Q2)	1.73 / 2.51	3.385	-25.85% (-0.88)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MTH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$74.78	$71.05	-4.99%
Apr 23, 2025	$67.76	$68.46	+1.03%
Jan 29, 2025	$77.82	$79.99	+2.79%
Oct 29, 2024	$88.72	$87.25	-1.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Meritage Homes Corp (MTH) report earnings?

Meritage Homes Corp (MTH) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Meritage Homes Corp (MTH) earnings time?

Meritage Homes Corp (MTH) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MTH EPS forecast?

MTH EPS forecast for the fiscal quarter 2025 (Q3) is 1.63.

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