Meritage Homes Corporation announced its fourth quarter and full year results for the periods ended December 31, 2025. The company reported a home closing gross margin of 16.5% and adjusted gross margin of 19.3% excluding non-recurring charges. Net earnings for the quarter decreased by 51% to $84.0 million, with diluted EPS at $1.20.

Meritage Homes experienced a decline in earnings and revenue in Q1 2025, impacted by lower home closings and average selling prices. However, strong operational execution resulted in a record-high backlog conversion rate, reflecting the company's strategic pivot towards move-in ready inventory and affordability.

Meritage Homes reported a decrease in home closing revenue and diluted EPS for Q4 2024 compared to Q4 2023. However, home orders increased by 14% year-over-year. The company's focus on affordability and move-in ready homes contributed to a company-record backlog conversion rate.

Meritage Homes reported a slight year-over-year increase in home closings and a record backlog conversion rate, driven by a pivot to affordable, quick-turning move-in ready homes. Despite a decrease in average sales price, the company achieved solid financial results, including diluted EPS of $5.34. The company continued to invest in growth through land acquisition and development while also returning cash to shareholders through dividends and share repurchases.

Meritage Homes reported a robust second quarter in 2024, with significant growth in home closings, revenue, and earnings per share. The company's focus on quick-turning, move-in ready homes and affordable entry-level products drove strong order volume and backlog conversion.

Meritage Homes reported a strong start to the year with record-high quarterly sales orders and a significant increase in diluted EPS. The company's performance was driven by a healthy supply of available inventory and strong market conditions.

Meritage Homes reported a 60% year-over-year increase in sales orders for Q4 2023, driven by decreasing interest rates and recovering consumer confidence. Home closing revenue was $1.6 billion, and diluted EPS was $5.38. The company's backlog conversion reached a record 110%.

Meritage Homes reported a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory. Home closing revenue increased by 3% to $1.6 billion. Diluted EPS decreased by 16% to $5.98.

Meritage Homes Corporation reported strong second quarter 2023 results, with home closings up 8% year-over-year, leading to a 10% increase in home closing revenue. The company's diluted EPS was $5.02, driven by a solid home closing gross margin of 24.4% and SG&A leverage of 9.6%.

Meritage Homes reported first quarter 2023 results, featuring a slight increase in home closing revenue and closings compared to the prior year. The company's focus on move-in ready homes and strategic use of price cuts and incentives drove sales, while diluted EPS decreased due to lower gross margin and overhead leverage.

Meritage Homes reported a strong fourth quarter in 2022, with a 29% increase in home closings and a 32% increase in home closing revenue. Diluted EPS was $7.09, a 13% year-over-year increase. However, the company noted that ongoing economic uncertainty continued to impact buyer psychology and undermine housing demand, leading to a 46% decrease in fourth quarter orders.

Meritage Homes reported a strong third quarter with a 35% increase in diluted EPS, driven by record home closing revenue and SG&A leverage. Despite a challenging housing market, the company achieved significant growth in earnings and maintained a healthy balance sheet.

Meritage Homes reported strong second quarter 2022 results, with a 6% increase in sales orders, an 11% increase in home closing revenue to $1.4 billion, and a 430 bps improvement in home closing gross margin to 31.6%. Diluted EPS increased by 55% year-over-year to $6.77.

Meritage Homes reported strong first-quarter results for 2022, including a 68% increase in diluted EPS, a 560 bps increase in home closing gross margin, and a 12% increase in orders over the prior year. The company's performance was driven by sustained demand, favorable pricing power, and strategic focus on entry-level and first move-up homes.

Meritage Homes reported strong Q4 2021 results with record quarterly home closing revenue, home closing gross profit, and diluted EPS. The company's success was attributed to strong demand in the homebuilding market and effective execution by the team.

Meritage Homes reported a strong third quarter in 2021, with a record gross margin of 29.7% and diluted EPS of $5.25. The company delivered 3,112 homes, resulting in a 10% year-over-year increase in home closing revenue to $1.3 billion.

Meritage Homes reported strong second-quarter results, driven by robust homebuying demand and operational efficiencies. The company achieved a record gross margin of 27.3% and an 83% increase in diluted EPS. Home closing revenue increased by 23% year-over-year, reaching $1.3 billion.

Meritage Homes reported strong first-quarter results with significant growth in diluted EPS, home closing gross margin, and closings. The company's strategy centered on affordable entry-level and first move-up homes drove the highest first quarter of orders and closings in the company's history.

Meritage Homes announced record fourth-quarter results, achieving its highest quarterly home closings and revenue in the company's history. The company's strategic focus on entry-level and first move-up markets allowed it to capitalize on significant demand, driving volume, profitability, and return on equity.

Meritage Homes reported a remarkable third quarter in 2020, achieving record sales orders, the strongest absorptions since 2005, record home closing revenue, and the best quarterly gross margin since 2014. The company's net earnings increased by 56% compared to the third quarter of 2019, driven by a 21% increase in home closing revenue and a 21.5% gross margin. These results reflect the strength of the housing market and the success of Meritage's strategy of focusing on affordable entry-level and first move-up homes.

Meritage Homes reported a strong second quarter with record orders, a 20% increase in revenue, and a 78% increase in net earnings. The company's strategic focus on the entry-level market and efficient operations drove significant improvements in gross margin and overhead leverage, resulting in a strong balance sheet.

Meritage Homes reported a significant increase in net earnings and revenue for Q1 2020. Net earnings increased by 180% and revenue grew by 27%. The company's diluted EPS also saw a substantial increase, rising by 182%.

Meritage Homes reported a strong fourth quarter in 2019, driven by a strategic shift to entry-level homes. Total orders increased by 27%, and diluted earnings per share increased by 39%. The company also improved its home closing gross margin and strengthened its balance sheet.