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MTH (Meritage Homes) Tax Rate % : 22.08% (As of Dec. 2024)


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What is Meritage Homes Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Meritage Homes's Tax Expense for the three months ended in Dec. 2024 was $49 Mil. Meritage Homes's Pre-Tax Income for the three months ended in Dec. 2024 was $222 Mil. Therefore, Meritage Homes's Tax Rate % for the quarter that ended in Dec. 2024 was 22.08%.

Meritage Homes Tax Rate % Historical Data

The historical data trend for Meritage Homes's Tax Rate % 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.

* Premium members only.

Meritage Homes Tax Rate % Chart

Meritage Homes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.63 22.77 23.05 22.19 21.61

Meritage Homes Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.18 20.51 22.13 21.59 22.08

Meritage Homes Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Meritage Homes's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=216.684/1002.87
=21.61 %

Meritage Homes's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=48.913/221.562
=22.08 %

* 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.

Meritage Homes Tax Rate % Related Terms

Thank you for viewing the detailed overview of Meritage Homes's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Meritage Homes Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (NYSE:MTH) » Definitions » Tax Rate %
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Traded in Other Exchanges
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, which are comprised of 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 offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Executives
Clinton Szubinski officer: EVP - Chief Operating Officer 8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260
Alison Sasser officer: SVP - Chief Accounting Officer 8800 E RAINTREE DRIVE, SUITE 300, 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
Phillippe Lord officer: EXECUTIVE VICE PRESIDENT 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Peter L Ax director
Javier Feliciano officer: EVP Chief Human Resources Off 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
Dana Bradford director BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112