Meritage Homes Corporation

Meritage Homes Corporationverified

MTH

Price:

$184.44

Market Cap:

$6.67B

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.[Read more]

Industry

Residential Construction

IPO Date

1988-07-26

Stock Exchange

NYSE

Ticker

MTH

The Current Ratio as of November 2024 (TTM) for Meritage Homes Corporation (MTH) is 3.89

According to Meritage Homes Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 3.89. This represents a change of -48.76% compared to the average of 7.59 of the last 4 quarters.

Meritage Homes Corporation (MTH) Historical Current Ratio (quarterly & annually)

How has MTH Current Ratio performed in the past?

The mean historical Current Ratio of Meritage Homes Corporation over the last ten years is 8.93. The current 3.89 Current Ratio has changed 4.26% with respect to the historical average. Over the past ten years (40 quarters), MTH's Current Ratio was at its highest in in the December 2018 quarter at 9.51. The Current Ratio was at its lowest in in the December 2019 quarter at 1.13.

Quarterly (TTM)
Annual

Average

8.93

Median

8.12

Minimum

1.13

Maximum

22.16

Meritage Homes Corporation (MTH) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Meritage Homes Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 555.03%

Maximum Annual Current Ratio = 22.16

Minimum Annual Increase = -88.09%

Minimum Annual Current Ratio = 1.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
202322.16162.33%
20228.456.76%
20217.916.71%
20207.42555.03%
20191.13-88.09%
20189.5111.21%
20178.557.27%
20167.97-3.34%
20158.253.31%
20147.9815.75%

Meritage Homes Corporation (MTH) Average Current Ratio

How has MTH Current Ratio performed in the past?

The current Current Ratio of Meritage Homes Corporation (MTH) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.84

5-year avg

9.41

10-year avg

8.93

Meritage Homes Corporation (MTH) Current Ratio vs. Peers

How is MTH’s Current Ratio compared to its peers?

Meritage Homes Corporation’s Current Ratio is less than Tri Pointe Homes, Inc. (56.25), less than M/I Homes, Inc. (15.95), less than Beazer Homes USA, Inc. (14.29), less than Century Communities, Inc. (23.43), less than Taylor Morrison Home Corporation (10.84), less than LGI Homes, Inc. (66.58), less than Hovnanian Enterprises, Inc. (3.97), less than KB Home (15.99),

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