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Meritage Corp (MTH)

Meritage Corp (MTH)
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Meritage Homes Corp. is one of the leading designers and builders of single-family homes. The company primarily engages in building and selling single-family homes for entry-level, first-time, move-up, luxury and active adult buyers in historically high-growth regions of the U.S. It acquired the homebuilding operations of its predecessor company through a merger. It operates as a holding company and has no independent assets or operations. Meritage operates through 2 principal business segments: Homebuilding and Financial Services. The Homebuilding segment engages in acquiring and developing land, constructing homes, marketing and selling these constructed homes, and providing warranty and customer services in West, Central and East, across Arizona, California, Colorado, Texas, Florida, Georgia, N. Carolina, S. Carolina, and Tennessee. It also operates Carefree Title Agency, Inc. The company's Financial Services segment includes revenues and expenses from Carefree Title.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 6,395,040 6,138,260 6,292,200 5,141,320 4,501,220
Sales Growth +4.18% -2.45% +22.38% +14.22% +22.75%
Net Income 786,190 738,750 992,190 737,440 423,480
Net Income Growth +6.42% -25.54% +34.55% +74.14% +69.62%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 7,162,650 6,353,130 5,772,100 4,807,530 3,864,400
Total Assets Growth +12.74% +10.07% +20.06% +24.41% +13.72%
Total Liabilities 2,021,080 1,741,230 1,822,490 1,763,140 1,516,530
Total Liabilities Growth +16.07% -4.46% +3.37% +16.26% +6.48%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow -227,580 355,570 405,270 -152,090 530,360
Operating Cash Flow Growth -164.00% -12.26% +366.47% -128.68% +52.92%
Net Cash Flow -269,670 59,670 243,230 -127,290 426,160
Change in Net Cash Flow -551.94% -75.47% +291.08% -129.87% +5,227.00%
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