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Meritage Homes Corporation  (MTH)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 

MTH's Revenue Growth by Quarter and Year

Meritage Homes's Revenue results by quarter and year




MTH Revenue (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 419.64 502.96 435.02
III Quarter September - 431.82 453.85 374.75
II Quarter June - 380.13 447.97 347.34
I Quarter March 380.97 286.97 390.95 269.37
FY   380.97 1,518.56 1,795.73 1,426.48



MTH Revenue first quarter 2024 Y/Y Growth Comment
Meritage Homes Corporation achieved in the first quarter 2024, above Company average Revenue growth of 32.75% year on year, to $ 380.97 millions.

Looking into first quarter 2024 results within Construction Services industry 11 other companies have achieved higher Revenue growth. While Meritage Homes Corporation' s Revenue rise of 32.75% ranks overall at the positon no. 423 in the first quarter 2024.




MTH Revenue ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - -16.57 % 15.62 % 27.71 %
III Quarter September - -4.85 % 21.11 % 52.28 %
II Quarter June - -15.14 % 28.97 % 57.16 %
I Quarter March 32.75 % -26.6 % 45.13 % 49.25 %
FY   - -15.43 % 25.89 % 44.35 %

Financial Statements
Meritage Homes's first quarter 2024 Revenue $ 380.97 millions MTH's Income Statement
Meritage Homes's first quarter 2023 Revenue $ 286.97 millions Quarterly MTH's Income Statement
New: More MTH's historic Revenue Growth >>


MTH Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - -2.82 % 10.82 % 16.08 %
III Quarter September - 13.6 % 1.31 % 7.89 %
II Quarter June - 32.46 % 14.58 % 28.95 %
I Quarter March -9.22 % -42.94 % -10.13 % -20.92 %
FY (Year on Year)   - -15.43 % 25.89 % 44.35 %




Revenue first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Construction Services Industry #12
Capital Goods Sector #51
Overall #423

Revenue Y/Y Growth Statistics
High Average Low
152.21 % 6.08 % -75.69 %
(Sep. 30, 2015)   (Dec 31 2019)
Revenue first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Construction Services Industry #12
Capital Goods Sector #51
Overall #423
Revenue Y/Y Growth Statistics
High Average Low
152.21 % 6.08 % -75.69 %
(Sep. 30, 2015)   (Dec 31 2019)

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Meritage Homes's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
553.97 % 16.58 % -88.71 %
(Dec 31 2018)  


MTH's I. Quarter Q/Q Revenue Comment
In the I. Quarter 2024 Meritage Homes Corporation disclosed drop in Revenue sequentially by -9.22% to $ 380.97 millions, from $ 419.64 millions declared a quarter before.

But that's not important concern, as Revenue generally seem to slow in the I. Quarter Austin Nelson, a business contributor wrote.

Within Construction Services industry 8 other companies have achieved higher Revenue quarter on quarter growth. While Meritage Homes's Revenue growth quarter on quarter, overall rank is 447.


Revenue Q/Q Growth Company Ranking
Within: No.
Construction Services Industry #9
Capital Goods Sector #47
Overall #447
Revenue Q/Q Growth Company Ranking
Within: No.
Construction Services Industry #9
Capital Goods Sector #47
Overall #447
Revenue Q/Q Growth Statistics
High Average Low
553.97 % 16.58 % -88.71 %
(Dec 31 2018)  


MTH's I. Quarter Q/Q Revenue Comment
In the I. Quarter 2024 Meritage Homes Corporation reported drop in Revenue sequentially by -9.22% to $ 380.97 millions, from $ 419.64 millions released in the previous reporting period.

It's not huge issue, as I. Quarter Revenue generally seem to slow in the I. Quarter Austin Nelson, a business contributor wrote.

Within Construction Services industry 8 other companies have achieved higher Revenue quarter on quarter growth. While Meritage Homes's Revenue growth quarter on quarter, overall rank is 447.


Meritage Homes's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Revenue 12 Months Ending $ 1,612.55 $ 1,518.56 $ 1,601.88 $ 1,623.91 $ 1,691.75
Y / Y Revenue Growth (TTM) -4.68 % -15.44 % -7.29 % -1.5 % 9.28 %
Year on Year Revenue Growth Overall Ranking # 174 # 83 # 142 # 51 # 42
Seqeuential Revenue Change (TTM) 6.19 % -5.2 % -1.36 % -4.01 % -5.79 %
Seq. Revenue Growth (TTM) Overall Ranking # 423 # 396 # 427 # 1946 # 268




Cumulative Revenue growth Comment
Meritage Homes showed decline, but improvement compare to trailing twelve month Revenue decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, Meritage Homes's annual Revenue decline would be -4.68% year on year to $1,613 millions.

Among companies within the Capital Goods sector 18 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 83 to 174.

Revenue TTM Q/Q Growth Statistics
High Average Low
152.21 %
6.08 %
-75.69 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Construction Services Industry # 12
Capital Goods Sector # 19
Overall # 174

Revenue TTM Y/Y Growth Statistics
High Average Low
152.21 %
6.08 %
-75.69 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 12
Sector # 51
S&P 500 # 423
Cumulative Revenue growth Comment
Meritage Homes showed decline, but improvement compare to trailing twelve month Revenue decrease in Dec 31 2023. If the fiscal year would end in Mar 31 2024, Meritage Homes's annual Revenue drop would be -4.68% year on year to $1,613 millions.

Among companies within the Capital Goods sector 18 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 83 to 174.

Revenue TTM Q/Q Growth Statistics
High Average Low
152.21 %
6.08 %
-75.69 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Construction Services Industry # 12
Capital Goods Sector # 19
Overall # 174

Revenue TTM Y/Y Growth Statistics
High Average Low
152.21 %
6.08 %
-75.69 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 12
Sector # 51
S&P 500 # 423




Other Revenue Growth
Construction Services Industry Revenue Growth Trends and Statistics
Capital Goods Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
MTH's Revenue Growth Ratio versus Construction Services Industry, Capital Goods Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for MTH's Competitors
Revenue Growth for Meritage Homes's Suppliers
Revenue Growth for MTH's Customers

You may also want to know
MTH's Annual Growth Rates MTH's Profitability Ratios MTH's Asset Turnover Ratio MTH's Dividend Growth
MTH's Roe MTH's Valuation Ratios MTH's Financial Strength Ratios MTH's Dividend Payout Ratio
MTH's Roa MTH's Inventory Turnover Ratio MTH's Growth Rates MTH's Dividend Comparisons



Companies with similar Revenue drop for the quarter ending Mar 31 2024 within Capital Goods SectorY/Y Change %Revenue for the quarter ending Mar 31 2024
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Redwire Corporation50.72%$ 50.725 millions
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Xylem Inc 40.40%$ 40.401 millions
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Axon Enterprise inc 34.11%$ 34.107 millions
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Ies Holdings Inc 24.06%$ 24.056 millions
Miller Industries Inc 23.72%$ 23.724 millions
Landsea Homes Corporation21.40%$ 21.395 millions
Tri Pointe Homes Inc 21.11%$ 21.106 millions
Leonardo Drs Inc 20.91%$ 20.914 millions
The St Joe Company20.27%$ 20.271 millions
Granite Construction Inc19.86%$ 19.858 millions
Kratos Defense and Security Solutions inc 19.50%$ 19.500 millions
Willdan Group inc 19.31%$ 19.312 millions
Distribution Solutions Group Inc 19.28%$ 19.278 millions
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