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Meritage Homes Corp  (MTH)
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    Sector  Capital Goods    Industry Construction Services

Meritage Homes's

Competitiveness


 

MTH Sales vs. its Competitors Q3 2018



Comparing the results to its competitors, Meritage Homes reported Total Revenue decrease in the 3 quarter 2018 year on year by -80.11 %, despite revenue increase by most of its competitors of 5.28 %, recorded in the same quarter.

List of MTH Competitors

With net margin of 33.78 % company achieved higher profitability than its competitors.

More on MTH Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Meritage Homes Corp Net Income in the 3 quarter 2018 grew year on year by 27.23 %, slower than its competitors income growth of 34.48 %

<<  More on MTH Income Comparisons


Meritage Homes's Comment on Competitors and Industry Peers


The construction and sale of homes is a highly-competitive industry. We compete for sales in each of our markets with national, regional and local developers and homebuilders, as well as existing resale homes, foreclosures, and to a lesser extent, condominiums and rental housing. Some of our competitors have significantly greater financial resources and may have lower costs than we do. Competition among residential homebuilders of all sizes is based on a number of interrelated factors, including location, reputation, product type, amenities, design, innovation, quality and price. We believe that we compare favorably to other homebuilders in the markets in which we operate due to our:

experience within our geographic markets which allows us to develop and offer products that provide superior design and quality and are in line with the needs and desires of the targeted demographic;

streamlined construction processes that allow us to save on material, labor and time and pass those savings to our customers in the form of lower prices;

ENERGY STAR® standards in all of our communities (except for markets in which we had a recent company acquisition) and incremental energy-efficient features that create a variety of benefits to our customers and differentiate our product from competing new and existing home inventories;

ability to recognize and adapt to changing market conditions, from both a capital and human resource perspective;

ability to capitalize on opportunities to acquire land on favorable terms; and

reputation for outstanding service and quality products and our exceptional customer and warranty service.

Our product offerings and strategic locations are successfully competing with both existing homes inventory and surrounding new-home communities as evidenced by our relative orders volume and market share in most of our divisions. We expect that the strengths noted above will continue to provide us with long-term competitive advantages.
We have an extensive market research department that assists our operating divisions in each of our markets to better compete with other homebuilders, and the inventory of re-sale homes in surrounding neighborhoods. Our strategic operations team conducts in-depth community-level reviews in each of our markets, including a detailed analysis of existing inventory, pricing, buyer demographics and the identification of each location’s key buyer metrics. This analysis and resulting analytical tools assist in decision-making regarding product designs, positioning, and pricing and underwriting standards for land purchases and land development. Additionally, our market research department is focused on evaluating and identifying new market opportunities. The analysis of entry into a new market includes comprehensive research and surveys of buyer demographics and demands, competitor composition and performance, the surrounding job market and employment statistics, foreclosure activity and desirability of the market in general.





  

Total Segment Market Share Q3 2018

Total segment, revenue fell by -80.11 % and company lost market share, to approximate 2.08 %.





<<  More on MTH Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.

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MTH's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Meritage Homes Corp MTH 1,510 2,727 187 1,409
Horton D R Inc DHI 13,459 16,068 1,462 5,621
Kb Home KBH 1,990 4,602 158 1,590
Lgi Homes, Inc. LGIH 1,021 1,484 148 390
William Lyon Homes WLH 450 2,052 88 585
New Home Co Inc. NWHM 127 762 12 234
Nvr Inc NVR 8 6,993 690 4,300
Beazer Homes Usa Inc BZH 667 2,107 -45 1,063
Mdc Holdings Inc MDC 1,571 2,839 181 905
M I Homes Inc MHO 651 2,185 91 1,008
Hovnanian Enterprises Inc HOV 137 2,098 -30 2,078
Toll Brothers Inc TOL 4,935 6,716 629 3,900
Lennar Corp LEN 12,201 14,744 841 6,825
Av Homes, Inc. AVHI 455 855 -24 214
Taylor Morrison Home Corp TMHC 1,875 4,099 232 113
Tri Pointe Group, Inc. TPH 1,664 3,468 245 1,036
Ucp, Inc. UCP -181 412 16 173
Wci Communities, Inc. WCIC 0 0 0 689
Century Communities, Inc. CCS 562 2,019 87 510
Green Brick Partners, Inc. BIOF 0 570 43 200
Calatlantic Group, Inc. CAA 6,611 2,451 172 2,850
Deer Valley Corp DVLY 0 0 0 200
Ryland Group Inc RYL 0 0 0 1,502
Vanjia Corporation VNJA 0 0 0 1
Nobility Homes Inc NOBH 85 40 4 129
SUBTOTAL 49,797 79,293 5,189 37,525


     
       
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