Meritage Homes Corporation

MTHNYSEConsumer Cyclical● Active

$68.97

+$0.64(+0.93%)

Market Cap$4.6B

P/E Ratio—

52W High$84.74

52W Low$58.03

Avg Volume955K

Open$68.30

Beta1.41

Free Cash Flow Financials Revenue

Meritage Homes Corporation (MTH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MTH · free cash flow · updated Jun 8, 2026

Core FCF metrics

MTH · FCF · TTM · margin & CAGR

Free cash flow was $92.6M for FY2025 (fiscal year ending 2025-12-31), up 136.1% year-over-year The FCF margin was 1.6%. Five-year CAGR stands at -28.9%.

FY2025 Free Cash Flow$92.6M▲ +136.1% YoY

Trailing 12M (TTM)$237.7Mtrailing 4 quarters sum

FCF Margin1.6%$92.6M ÷ revenue

3-Year CAGR-37.5%FY2022 → FY2025

5-Year CAGR-28.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MTH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$118.3M(26M)$92.6M▲ +136.1%1.6%

FY2024−$227.6M(29M)−$256.2M▼ 180.7%-4.0%

FY2023$355.6M(38M)$317.4M▼ 16.1%5.2%

FY2022$405.3M(27M)$378.3M▲ +312.8%6.0%

FY2021−$152.1M(26M)−$177.8M▼ 134.8%-3.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MTH · P/FCF · FCF yield · FCF per share

Meritage Homes Corporation (MTH) trades at a FCF yield of 5.16% and a price-to-free-cash-flow ratio of 20.5x. FCF per share stands at $3.36, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.16%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.36

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x23.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MTH · cash flow statement · operating / investing / financing

For FY2025, Meritage Homes Corporation generated $118.3M in operating cash flow and spent 26M in capital expenditures, yielding $92.6M in free cash flow.

Operating Activities

+$118.3M

Cash from core business operations

2025-12-31

Investing Activities

−$57.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$63.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($118.3M) − |CapEx| (26M) = FCF ($92.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MTH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Meritage Homes CorporationYOU

MTH

$92.6M+136.1%1.6%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Meritage Homes Corporation (MTH) reported free cash flow of $92.6M for FY2025 (fiscal year ending 2025-12-31), up 136.1% year-over-year. The FCF margin was 1.6%.

Based on available data, Meritage Homes Corporation has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $510.4M in FY2020. The 5-year CAGR stands at -28.9%.

Meritage Homes Corporation's FCF yield is 5.16% and price-to-FCF ratio is 20.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MTH free cash flow · 8 questions

Meritage Homes Corporation free cash flow was $92.6M for FY2025, up 136.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $237.7M.

MTH free cash flowMTH FCFMTH FCF 2025MTH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Meritage Homes Corporation · Meritage Homes Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026