Company
Meritage Homes Corporation
Headquarters: Scottsdale, AZ, United States
Founded: 1985
Employees: 1,773
CEO: Mr. Phillippe Lord
Market Cap
$5.95 Billion
USD as of Jan. 1, 2025
Meritage Homes Corporation Categories
United States Consumer Discretionary Residential ConstructionUnited States Consumer Discretionary United States Residential Construction
Top Competitors by Market Capitalization
Industry: Residential Construction
| Company | Market Cap (USD) |
|---|---|
| D.R. Horton, Inc. | $46.60 B |
| Lennar Corporation | $35.51 B |
| NVR, Inc. | $25.57 B |
| PulteGroup, Inc. | $23.90 B |
| Sekisui House Ltd | $14.93 B |
Detailed Description
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
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Financials
| Last Financial Reports Date | Sept. 30, 2024 |
| Revenue TTM | $6.43 B |
| EBITDA | $1.07 B |
| Gross Profit TTM | $1.64 B |
| Profit Margin | 12.63% |
| Operating Margin | 14.99% |
| Quarterly Revenue Growth | -1.40% |
Stocks & Indices
Meritage Homes Corporation has the following listings and related stock indices.
Stock: NYSE: MTH wb_incandescent
Stock: FSX: MEY wb_incandescent
Key People
Founder(s): Steve Hilton, William " Bill" Cleverly
Steven J. Hilton (Founder, Executive Chairman of the Board, Emeritus CEO) Phillippe Lord (CEO) Larry W. Seay (Former CFO and Executive VP)