Meritage Homes
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Meritage Homes's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 3% to $6,138,263,000. Profit margin reached 12%. Total operating expenses were $616,633,000.
Profit Margin
| 2014 | 2.19B | 142.24M | 6.49% |
|---|---|---|---|
| 2015 | 2.59B | 128.73M | 4.97% |
| 2016 | 3.05B | 149.54M | 4.89% |
| 2017 | 3.25B | 143.25M | 4.4% |
| 2018 | 3.54B | 227.33M | 6.41% |
| 2019 | 3.67B | 249.66M | 6.79% |
| 2020 | 4.50B | 423.47M | 9.4% |
| 2021 | 5.14B | 737.44M | 14.33% |
| 2022 | 6.29B | 992.19M | 15.75% |
| 2023 | 6.13B | 738.74M | 12.04% |
MTH Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 6.13B | 6.29B | 5.14B | 4.50B | 3.67B | 3.54B | 3.25B | 3.05B | 2.59B | 2.19B |
Cost of revenue | 4.61B | 4.49B | 3.71B | 3.53B | 2.97B | 2.89B | 2.66B | 2.50B | 2.08B | 1.72B |
Gross profit | 1.51B | 1.80B | 1.43B | 976.00M | 700.19M | 653.19M | 588.55M | 553.11M | 507.98M | 468.79M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 384.91M | 323.26M | 285.40M | 287.90M | 246.72M | 241.89M | 221.64M | 215.09M | 188.41M | 156.74M |
Total operating expenses | 616.63M | 516.25M | 466.85M | 446.92M | 392.82M | 380.37M | 345.68M | 338.89M | 301.26M | 261.34M |
Operating income | 902.38M | 1.28B | 973.34M | 535.74M | 316.95M | 284.03M | 242.86M | 214.21M | 206.71M | 207.45M |
Other income (expenses), net | 47.04M | -41K | -18.50M | -287.82M | -14.00M | -785K | 4.65M | 9.01M | -17.24M | 962K |
Income before tax | 949.43M | 1.28B | 954.83M | 533.56M | 302.94M | 283.25M | 247.51M | 218.06M | 189.46M | 208.41M |
Income tax expense | 210.68M | 297.12M | 217.39M | 110.09M | 53.28M | 55.92M | 104.26M | 68.51M | 60.72M | 66.17M |
Net income | 738.74M | 992.19M | 737.44M | 423.47M | 249.66M | 227.33M | 143.25M | 149.54M | 128.73M | 142.24M |
Earnings per share | ||||||||||
Basic EPS | 20.17 | 27.04 | 19.61 | 11.23 | 6.55 | 5.67 | 3.56 | 3.74 | 3.25 | 3.65 |
Diluted EPS | 19.93 | 26.74 | 19.29 | 11 | 6.42 | 5.58 | 3.41 | 3.55 | 3.09 | 3.46 |
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