---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-25-000087"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:42:30.917562+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes Q1 2025: EPS $1.69 (-33% YoY), revenue down 8%, gross margin 22.0%

## Summary
- Diluted EPS $1.69 vs $2.53 Q1 2024; net earnings $123M, down 34% YoY.
- Home closing revenue $1.34B (-8% YoY); 3,416 closings (-3%) at ASP $393K (-6%).
- Home closing gross margin 22.0%, down 380 bps from 25.8% due to incentives and higher lot costs.
- Issued $500M of 5.650% senior notes due 2035; net debt-to-capital 13.7% vs 11.7% Q4 2024.
- Reiterated FY2025 guidance: 16,250-16,750 closings, revenue $6.6-6.9B.

## SEC filing metadata
- accession: 0000833079-25-000087
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2025-04-23T23:59:59+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/833079/000083307925000087/0000833079-25-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307925000087/mth-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-25-000087
- JSON: https://secwatch.observer/filing/0000833079-25-000087.json
- Plain text: https://secwatch.observer/filing/0000833079-25-000087.txt

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