MTH Meritage Homes CORP

Q3 2025 10-Q

Filed: Oct 31, 2025Period ending Sep 30, 2025

Industrials

Operative BuildersSEC EDGAR

Meritage Homes CORP (MTH) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $1.4B Q3 2025, down 11.8% YoY from $1.6B due to lower closings (3,685 vs 3,942 homes) and ASP decline (5.6%)
• Home closing gross margin 19.1% Q3 2025 vs 24.8% YoY, adjusted margin 20.1% vs 24.9%, driven by higher incentives, lot costs, lower revenue leverage

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Risk Factors

• No new or changed risk factors since last Annual Report on Form 10-K
• Carried-forward risk: housing market volatility impacting revenue and profitability

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Quarterly Financial Summary
XBRL

Net Income

$99M

▼ -49.3% YoY▼ -32.4% QoQ

ROE

1.9%

Total Assets

$7.8B

EPS (Diluted)

$1.40

▼ -73.8% YoY▼ -31.4% QoQ

Operating Cash Flow

-$97M

▼ -4.9% YoY▼ -804.4% QoQ

Source: XBRL data from Meritage Homes CORP Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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