earnings
confidence high
sentiment negative
materiality 0.80
Meritage Q2 EPS $2.04 vs $3.15 YoY; revenue down 5%; home closing gross margin 21.1%
Meritage Homes CORP
2025-Q2 EPS reported
$3.73
- Net earnings $147M (-37% YoY); diluted EPS $2.04 (-35%).
- Home closing revenue $1.62B (-5%); ASP on closings $387K (-6%).
- Home closing gross margin 21.1% (480 bps decline); adjusted margin 21.4% excluding land deal charges.
- Orders up 3% to 3,914 units; backlog value $695M (-37%).
- Full-year land spend guidance cut to ~$2.0B from $2.5B; dividend $0.43/sh, $45M in buybacks in Q2.