Meritage Homes Corp
meritagehomes.comWhat Do They Do?
Builds affordable single-family homes for entry-level and move-up buyers, and offers title, escrow, mortgage and insurance services to its homebuyers.
10-K for FY2025, filed Feb 13, 2026
Who Are Their Customers?
Homebuyers buy homes through Meritage sales associates and third-party real estate brokers; buyers can choose any mortgage provider, while preferred brokers and lenders help arrange financing.
10-K for FY2025, filed Feb 13, 2026Our homes generally are sold by our commissioned local sales associate employees and third-party real estate brokers. At December 31, 2025…View ↗
Third-party real estate agents who sell our homes and are paid a sales commission, usually based on the price of the home. Our strategy…View ↗
Most of our homebuyers require financing to purchase their home. While our homebuyers may obtain financing from any mortgage provider of…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 31, 2026
$90.6MView ↗
- ▼ −38%
- vs $146.9M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
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Jul 29, 2026
Reiterates full-year community count growth expectation
Management reiterated its expectation for community count growth of 5-10% year-over-year in full-year 2026.
Sources
8-K, filed Jul 29, 2026
"We remain committed to a disciplined capital allocation strategy that balances growth and shareholder returns while ensuring sufficient…View ↗
Focus on real estate agents
The older report describes its sales strategy around buyers and a simplified purchase process; the latest report says it shifted its focus to real estate agents as its primary customer, with agent-focused digital tools and rewards.
10-K for FY2022, filed Feb 15, 2023 10-K for FY2025, filed Feb 13, 2026
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