Meritage Homes Corporation

Some might say it's important to tell you that we've been around since 1985. Or that we've won a slew of awards ranging from Forbes' Platinum 400 Best Big Companies of America to being the recipient of Texas' Builder of the Year five times, or being named ENERGY STAR® Partner of the Year. But we're about practicality and doing things that actually make a difference in your life and the way you live. For instance, you're probably a lot more interested in knowing that Meritage builds new, beautifully designed, energy-efficient homes that can save you as much as 50% on your utility bills.* Or, that we were the first national top 10 homebuilder to have every home we build be 100% ENERGY STAR certified. That means it saves you energy and money. With more than 90,000 homes built, our focus, since day one, has been to build incredible new homes and communities in prime locations for fantastic prices. We build them for real people: People with families and those without; people with everyday, busy lives, and those who are now enjoying a more relaxed lifestyle. But more than anything, we build energy-efficient homes and communities for people who appreciate a home being built the way it can, and should, be built. For you it means having a new home that comes standard with ENERGY STAR features that save money and energy, month after month, at no extra cost to you
Company Growth (employees)
Type
Public
HQ
Scottsdale, US
Founded
1985
Size (employees)
1,485 (est)+6%
Meritage Homes Corporation was founded in 1985 and is headquartered in Scottsdale, US

Meritage Homes Corporation Office Locations

Meritage Homes Corporation has an office in Scottsdale
Scottsdale, US (HQ)
300 8800 E Raintree Dr

Meritage Homes Corporation Data and Metrics

Meritage Homes Corporation Financial Metrics

Meritage Homes Corporation's revenue was reported to be $3 b in FY, 2016 which is a 18% increase from the previous period.
USD

Revenue (FY, 2016)

3 b

Revenue growth (FY, 2015 - FY, 2016), %

18%

Gross profit (FY, 2016)

531.2 m

Gross profit margin (FY, 2016), %

18%

Net income (FY, 2016)

149.5 m

Market capitalization (27-Jun-2017)

1.7 b

Closing share price (27-Jun-2017)

40.9

Cash (31-Dec-2016)

131.7 m

EV

2.6 b
Meritage Homes Corporation's current market capitalization is $1.7 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.8 b2.2 b2.6 b3 b

Revenue growth, %

20%18%18%

Cost of goods sold

1.7 b2.1 b2.5 b

Gross profit

452.6 m488.7 m531.2 m

Gross profit Margin, %

21%19%18%

Pre tax profit

208.4 m189.5 m218.1 m

Net Income

124.5 m142.2 m128.7 m149.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

274.1 m103.3 m262.2 m131.7 m

Accounts Receivable

39 m56.8 m57.3 m70.4 m

PP&E

22.1 m32.4 m34 m33.2 m

Goodwill

39.2 m71.1 m80.4 m75.4 m

Total Assets

2 b2.3 b2.7 b2.9 b

Accounts Payable

68 m83.6 m106.4 m140.7 m

Total Debt

1.1 b

Common Stock

400 k

Additional Paid-in Capital

413 m538.8 m559.5 m572.5 m

Retained Earnings

428.1 m570.3 m699 m848.6 m

Total Equity

1.3 b1.4 b

Debt to Equity Ratio

0.8 x

Debt to Assets Ratio

0.4 x

Financial Leverage

2.1 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

142.2 m128.7 m149.5 m

Depreciation and Amortization

9.9 m11.6 m14.2 m16 m

Accounts Receivable

(25 m)(7.1 m)(18 m)

Inventories

(280 m)(340 m)(210 m)(310 m)

Accounts Payable

86.6 m14.7 m31.9 m43.4 m

Cash From Operating Activities

(86.3 m)(211.2 m)(3.3 m)(103.4 m)

Purchases of PP&E

(15.8 m)(20.8 m)(16.1 m)(16.7 m)

Cash From Investing Activities

1 m(62.9 m)(16.5 m)(20.1 m)

Long-term Borrowings

(10.4 m)(23.2 m)(21.3 m)

Cash From Financing Activities

188.9 m103.3 m178.7 m(7 m)
USDY, 2016

EV/CFO

-25.6 x

Revenue/Employee

2.1 m

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2 x

Meritage Homes Corporation Market Value History

Meritage Homes Corporation Online and Social Media Presence

Meritage Homes Corporation Company Life and Culture

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