Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Meritage Homes's gross profit for the
three
months ended in Jun. 2026 was $259 Mil. Meritage Homes's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $965 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Meritage Homes's gross profit for the
three
months ended in Jun. 2026 was $259 Mil. Meritage Homes's Revenue for the
three
months ended in Jun. 2026 was $1,410 Mil. Therefore, Meritage Homes's Gross Margin % for the quarter that ended in Jun. 2026 was 18.40%.
Meritage Homes had a gross margin of 18.40% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Meritage Homes was 28.63%. The lowest was 17.88%. And the median was 20.70%.
Warning Sign:
Meritage Homes Corp gross margin has been in long-term decline. The average rate of decline per year is -2.6%.
Meritage Homes (NYSE:MTH) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Meritage Homes had a gross margin of 18.40% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage
Meritage Homes Gross Profit Related Terms
Meritage Homes Gross Profit Historical Data
* Premium members only.
The historical data trend for Meritage Homes's Gross Profit 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.
For the Residential Construction subindustry, Meritage Homes's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Meritage Homes Gross Profit vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Gross Profit distribution charts can be found below:
* The bar in red indicates where Meritage Homes's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $965 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Meritage Homes (MTH) has a Gross Profit of $965 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Meritage Homes and its competitors.
Is Meritage Homes' Gross Profit too high?
Meritage Homes' current Gross Profit is $965 Mil. Overall, Meritage Homes has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meritage Homes' Gross Profit compare to SKY and CVCO?
Meritage Homes' Gross Profit of $965 Mil can be compared against companies in the Homebuilding & Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Homebuilding & Construction company?
A good Gross Profit depends on the Homebuilding & Construction industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Meritage Homes and its competitors. Meritage Homes's current Gross Profit is $965 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meritage Homes stock overvalued right now?
Based on GuruFocus' analysis, Meritage Homes (MTH) is currently considered Fairly Valued. The stock's GF Value™ is $69.96, compared to a current price of $73.62 — trading 5.2% above its estimated fair value. The current Gross Profit is $965 Mil. Meritage Homes' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Meritage Homes (MTH), the current Gross Profit is $965 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Meritage Homes (MTH) Overvalued in 2026?
Based on GuruFocus' analysis, Meritage Homes stock appears to be overvalued.
The current stock price of $73.62 is trading 5.2% above its estimated GF Value™ of $69.96.
GuruFocus considers Meritage Homes to be Fairly Valued.
Key valuation signals for MTH:
Gross Profit: $965 Mil
GF Value™: $69.96 vs. price of $73.62 (5.2% above fair value)
No single metric tells the full story. See the MTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 twelve states: Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. 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.
79GF Score
Get the complete analysis for MTH
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MTH has been successfully added to your 
