---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-25-000117"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:55:30.866641+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Meritage Q2 EPS $2.04 vs $3.15 YoY; revenue down 5%; home closing gross margin 21.1%

## Summary
- 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.

## SEC filing metadata
- accession: 0000833079-25-000117
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2025-07-23T23:59:59+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/833079/000083307925000117/0000833079-25-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307925000117/mth-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-25-000117
- JSON: https://secwatch.observer/filing/0000833079-25-000117.json
- Plain text: https://secwatch.observer/filing/0000833079-25-000117.txt

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