Meritage Homes Corporation (MTH)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-11-04
$73.29+9.26%
Close 2026-11-04 · 1-day change
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-11-04
QuarterlyIQ Insights · MTH
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 0% of the last 1 guided quarters · -25.2% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
"In today's volatile market, prudently managing capital is a key priority, as we continue to focus on maintaining sufficient liquidity.
Stated in 3 of 3 supplied quarters. Management reported: “"In today's volatile market, prudently managing capital is a key priority, as we continue to focus on maintaining sufficient liquidity.” “During the quarter, we pulled back our land investments by almost 40% year-over-year to $329 million and returned $86 million to shareholders via share repurchases and dividends.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 45% of the time over the next year (vs 59% for the rest of the cohort, n=6999).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“"In today's volatile market, prudently managing capital is a key priority, as we continue to focus on maintaining sufficient liquidity.”
“"We remain committed to a disciplined capital allocation strategy that balances growth and shareholder returns while ensuring sufficient liquidity in a volatile interest rate environment.”
“"We also maintained our objective of balance sheet preservation in uncertain times while continuing to execute on our shareholder returns commitment.”
"In light of current market conditions, we intentionally focused on preserving margins rather than pursuing a higher sales pace."
Stated in 2 of 3 supplied quarters. Management reported: “"In light of current market conditions, we intentionally focused on preserving margins rather than pursuing a higher sales pace."” “"Third quarter 2026 home closing revenue of $1.2 billion generated adjusted home closing gross margin of 17.9%, excluding $6.0 million of real estate inventory impairments and terminated land deal walk-away charges, and SG&A as a percentage of home closing revenue of 11.0%, nearly in line with the prior year period as we were able to leverage our larger size and cost control initiatives to maximize profitability."”
“"In light of current market conditions, we intentionally focused on preserving margins rather than pursuing a higher sales pace."”
“"In this environment, we acknowledge that capturing demand requires higher than anticipated incentive utilization, even as we look to optimize every asset while balancing pace and margin."”
4 GUIDANCE Based on current market conditions and year-to-date results, we are updating our guidance for full year 2026 home closing volume and revenue to around 5% below full year 2025 results, alth…
Stated in 2 of 3 supplied quarters. Management reported: “4 GUIDANCE Based on current market conditions and year-to-date results, we are updating our guidance for full year 2026 home closing volume and revenue to around 5% below full year 2025 results, although home closing revenue could trend lower if market conditions require higher incentives.” “"Third quarter 2026 home closing revenue of $1.2 billion generated adjusted home closing gross margin of 17.9%, excluding $6.0 million of real estate inventory impairments and terminated land deal walk-away charges, and SG&A as a percentage of home closing revenue of 11.0%, nearly in line with the prior year period as we were able to leverage our larger size and cost control initiatives to maximize profitability."”
“4 GUIDANCE Based on current market conditions and year-to-date results, we are updating our guidance for full year 2026 home closing volume and revenue to around 5% below full year 2025 results, alth…”
“We are proud of another year-over-year improvement in our cycle times driving 2,967 closings this quarter, and, with nearly 70% of these deliveries coming from intra-quarter sales, a backlog conversi…”
Expand the active community base while calibrating land spending and lot additions to market conditions.
Continue share repurchases and dividends as part of management's stated shareholder-return commitment.
Over the trailing year it converted 0.06x of net income into operating cash flow. Historically, Consumer Discretionary names rated fragile grew net income 40% of the time over the next year (vs 53% for the rest of the cohort, n=3629).
Most sensitive to the US dollar and the broad stock market.
Not enough signal to read sensitivity to Fed net liquidity (low R² over the window).
11 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated neutral grew net income 53% of the time over the next year (vs 54% for the rest of the cohort, n=6802).
Not investment advice. As of 2026-11-04.