---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-23-000005"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:29:40.700866+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes reports record Q4 EPS $7.09, but orders plunge 46% YoY with 39% cancellation rate

## Summary
- Q4 GAAP diluted EPS $7.09, up 13% YoY; full year EPS $26.74, up 39% YoY.
- Home closing revenue $2.0B (+32% YoY) on 4,540 closings (+29%); ASP $437K (+3%).
- Q4 home orders 1,808 units (-46% YoY); cancellation rate 39% as company validated backlog.
- Home closing gross margin 25.2% (adj. 25.7%) vs 29.0% (adj. 29.2%) a year ago.
- Cash $861.6M; net debt-to-capital 6.8%; repurchased 1.17M shares ($109.3M) in FY 2022.

## SEC filing metadata
- accession: 0000833079-23-000005
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000083307923000005/0000833079-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307923000005/mth-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-23-000005
- JSON: https://secwatch.observer/filing/0000833079-23-000005.json
- Plain text: https://secwatch.observer/filing/0000833079-23-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.