MTH Meritage Homes margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 35

Gross margin

17.8%

Operating margin

7.1%

EBITDA margin

7.9%

Net margin

5.8%

The Meritage Homes shows a gross margin of 17.8%, an operating margin of 7.1%, an EBITDA margin of 7.9%, and a net margin of 5.8%. Operating margin drove the decline across the available margins, decreasing by 4.1 percentage points.

MTH margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Meritage Homes's margins averaged 22.68% gross, 12.36% operating, 13.26% EBITDA, and 9.98% net. Each of the four current margins is below its three-year average.

MTH margin expansion

Year-over-year margin changes in percentage points

Operating and EBITDA margins led the decline, falling by 4.1 percentage points, while the other available margins also decreased.

Gross margin expansion

-4pp

Operating margin expansion

-4.1pp

EBITDA margin expansion

-4.1pp

Net margin expansion

-3.2pp

MTH Gross margin

Meritage Homes's gross margin averaged 22.68% during the last 3 years. Compared with its three-year average, Meritage Homes's current gross margin is 17.8% and is 4.9 percentage points below its three-year average. Over the last 3 years, Meritage Homes's gross margin peaked at 26.2% in Jun 2024 and reached a low of 17.8% in Sep 2026.

MTH Operating margin

Throughout the last 3 years, Meritage Homes had an average operating margin of 12.36%. Against its three-year average, Meritage Homes's operating margin is currently 7.1%, 5.3 percentage points below its three-year average. Looking back over the last 3 years, Meritage Homes's operating margin reached 16.2% at its highest point in Jun 2024 and 7.1% at its lowest in Sep 2026.

MTH EBITDA margin

Meritage Homes recorded an average EBITDA margin of 13.26% across the last 3 years. Meritage Homes's current EBITDA margin is 7.9% and is 5.4 percentage points below its three-year average. The highest EBITDA margin for Meritage Homes was 17.1% in Jun 2024, while the lowest was 7.9% in Sep 2026.

MTH Net margin

Over the last 3 years, the average net margin for Meritage Homes was 9.98%. The current net margin stands at 5.8%, 4.2 percentage points below its three-year average. Meritage Homes's net margin ranged from a low of 5.8% in Sep 2026 to a high of 13% in Jun 2024.

MTH margin group comparison

Margins compared with peer-group, industry and sector averages

Meritage Homes's gross margin of 17.8% is lower than the Consumer Cyclical sector, the industry and its peers average. Looking at the Consumer Cyclical sector average of 36.3%, Meritage Homes's gross margin is 51% lower.

MTH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Meritage Homes's gross margin?

For the period ending Sep 30, 2026, MTH recorded a gross margin of 17.8%.

What is Meritage Homes's operating margin?

For the period ending Sep 30, 2026, MTH recorded an operating margin of 7.1%.

What is Meritage Homes's EBITDA margin?

As of Sep 30, 2026, MTH has an EBITDA margin of 7.9%.

What is Meritage Homes's net margin?

For the period ending Sep 30, 2026, MTH recorded a net margin of 5.8%.

What are the average margins of MTH?

Looking back over 3 years, MTH recorded average margins of 22.7% gross, 12.4% operating, 13.3% EBITDA, and 10.0% net.

What are the highest historical margins of MTH?

In the last 5 years, the highest margins reported by MTH were 30.4% gross in Jun 2022, 21.9% operating in Sep 2022, 22.2% EBITDA in Jun 2022, and 16.7% net in Sep 2022.

What are the lowest historical margins of MTH?

Meritage Homes's lowest recorded margins during the past 5 years were 17.8% gross in Sep 2026, 7.1% operating in Sep 2026, 7.9% EBITDA in Sep 2026, and 5.8% net in Sep 2026.