Meritage Homes Full Year 2024 Earnings: EPS Beats Expectations

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editorial-team@simplywallst.com (Simply Wall St)

Tue, Feb 4, 2025, 3:48 AM 1 min read

Meritage Homes (NYSE:MTH) Full Year 2024 Results

Key Financial Results

Revenue: US$6.40b (up 4.2% from FY 2023).
Net income: US$786.2m (up 6.4% from FY 2023).
Profit margin: 12% (in line with FY 2023).
EPS: US$10.85 (up from US$10.09 in FY 2023).

revenue-and-expenses-breakdown — NYSE:MTH Revenue and Expenses Breakdown February 4th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Meritage Homes EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 102%.

The primary driver behind last 12 months revenue was the Home Closed - East segment contributing a total revenue of US$2.38b (37% of total revenue). Notably, cost of sales worth US$4.78b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$409.1m (50% of total expenses). Explore how MTH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 8.1% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Meritage Homes could be a good place to look. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.