MTH (Meritage Homes) COGS-to-Revenue : 0.78 (As of Mar. 2025)

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What is Meritage Homes COGS-to-Revenue?

Meritage Homes's Cost of Goods Sold for the three months ended in Mar. 2025 was $1,063 Mil. Its Revenue for the three months ended in Mar. 2025 was $1,365 Mil.

Meritage Homes's COGS to Revenue for the three months ended in Mar. 2025 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meritage Homes's Gross Margin % for the three months ended in Mar. 2025 was 22.15%.

Meritage Homes COGS-to-Revenue Historical Data

The historical data trend for Meritage Homes's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meritage Homes COGS-to-Revenue Chart

Meritage Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.78

0.72

0.71

0.75

Meritage Homes Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.74	0.74	0.75	0.77	0.78

Meritage Homes COGS-to-Revenue Calculation

Meritage Homes's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4794.669	/	6392.939
	=	0.75

Meritage Homes's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1062.902	/	1365.28
	=	0.78

Meritage Homes (NYSE:MTH) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Meritage Homes's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1062.902 / 1365.28
	=	22.15 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Meritage Homes COGS-to-Revenue Related Terms

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Meritage Homes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (NYSE:MTH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MEY:Germany MEY:Germany

Address

18655 North Claret Drive, Suite 400, Scottsdale, AZ, USA, 85255

Website

https://www.meritagehomes.com

Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, comprising ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments: homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services, and the financial services segment offers title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.

Executives

Joseph Keough	director	3715 NORTHSIDE PKWY NW, SUITE 4-600, ATLANTA GA 30327
Alison Sasser	officer: SVP - Chief Accounting Officer	8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Clinton Szubinski	officer: EVP - Chief Operating Officer	8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260
Steven J Hilton	officer: Chief Executive Officer	6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250
R. Odell Michael	director	3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130
Hilla Sferruzza	officer: Chief Accounting Officer	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
Peter L Ax	director
Javier Feliciano	officer: EVP Chief Human Resources Off	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Phillippe Lord	officer: EXECUTIVE VICE PRESIDENT	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Dennis V Arriola	director	162 CANCO ROAD, PORTLAND ME 04103
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Raymond Oppel	director
Malissia Clinton	officer: EVP - Gen. Counsel, Secretary	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
C Timothy White	officer: EVP - Gen. Counsel, Secretary