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Meritage Homes Valuation Multiples
Discover revenue and EBITDA valuation multiples for Meritage Homes and similar public comparables like Makkah Construction, Allreal Holding, Dexus, Kiler Holding and more.
Meritage Homes Overview
About Meritage Homes
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, comprising twelve states: Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina. The company operates with two principal business segments: homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services, and the financial services segment offers title and escrow, mortgage, and insurance services. The company generates key revenue from the Homebuilding segment.
Founded
1988
HQ

Employees
1.9K
Website
Sectors
Financials (LTM)
EV
$6B
Meritage Homes Financials
Meritage Homes reported last 12-month revenue of $6B and EBITDA of $657M.
In the same LTM period, Meritage Homes generated $1B in gross profit, $657M in EBITDA, and $430M in net income.
Revenue (LTM)
Meritage Homes P&L
In the most recent fiscal year, Meritage Homes reported revenue of $6B and EBITDA of $677M.
Meritage Homes expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 19% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $657M | XXX | $677M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $430M | XXX | $453M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Meritage Homes Stock Performance
Meritage Homes has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Meritage Homes' stock price is $68.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | 0.0% | XXX | XXX | XXX | $6.79 |
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Start Free TrialMeritage Homes Valuation Multiples
Meritage Homes trades at 1.0x EV/Revenue multiple, and 8.6x EV/EBITDA.
EV / Revenue (LTM)
Meritage Homes Financial Valuation Multiples
As of April 20, 2026, Meritage Homes has market cap of $5B and EV of $6B.
Equity research analysts estimate Meritage Homes' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Meritage Homes has a P/E ratio of 10.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.6x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 11.2x | XXX | 10.5x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 10.6x | XXX | 10.0x | XXX | XXX | XXX |
| EV/FCF | 28.5x | XXX | 26.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Meritage Homes Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Meritage Homes Margins & Growth Rates
Meritage Homes' revenue in the last 12 month grew by 1%.
Meritage Homes' revenue per employee in the last FY averaged $3.2M, while opex per employee averaged $0.3M for the same period.
Meritage Homes' rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Meritage Homes' rule of X is 2% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Meritage Homes Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 7% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 2% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Meritage Homes Public Comps
See public comps and valuation multiples for other Real Estate Development comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Meritage Homes | XXX | XXX | XXX | XXX | XXX | XXX |
| Makkah Construction | XXX | XXX | XXX | XXX | XXX | XXX |
| Allreal Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Dexus | XXX | XXX | XXX | XXX | XXX | XXX |
| Kiler Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Berkeley Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Meritage Homes M&A Activity
Meritage Homes acquired XXX companies to date.
Last acquisition by Meritage Homes was on XXXXXXXX, XXXXX. Meritage Homes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Meritage Homes
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMeritage Homes Investment Activity
Meritage Homes invested in XXX companies to date.
Meritage Homes made its latest investment on XXXXXXXX, XXXXX. Meritage Homes invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Meritage Homes
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Meritage Homes
| When was Meritage Homes founded? | Meritage Homes was founded in 1988. |
| Where is Meritage Homes headquartered? | Meritage Homes is headquartered in United States. |
| How many employees does Meritage Homes have? | As of today, Meritage Homes has over 1K employees. |
| Who is the CEO of Meritage Homes? | Meritage Homes' CEO is Phillippe Lord. |
| Is Meritage Homes publicly listed? | Yes, Meritage Homes is a public company listed on NYSE. |
| What is the stock symbol of Meritage Homes? | Meritage Homes trades under MTH ticker. |
| When did Meritage Homes go public? | Meritage Homes went public in 1988. |
| Who are competitors of Meritage Homes? | Meritage Homes main competitors are Makkah Construction, Allreal Holding, Dexus, Kiler Holding. |
| What is the current market cap of Meritage Homes? | Meritage Homes' current market cap is $5B. |
| What is the current revenue of Meritage Homes? | Meritage Homes' last 12 months revenue is $6B. |
| What is the current revenue growth of Meritage Homes? | Meritage Homes revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Meritage Homes? | Current revenue multiple of Meritage Homes is 1.0x. |
| Is Meritage Homes profitable? | Yes, Meritage Homes is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Meritage Homes? | Meritage Homes' last 12 months EBITDA is $657M. |
| What is Meritage Homes' EBITDA margin? | Meritage Homes' last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Meritage Homes? | Current EBITDA multiple of Meritage Homes is 8.6x. |
| What is the current FCF of Meritage Homes? | Meritage Homes' last 12 months FCF is $199M. |
| What is Meritage Homes' FCF margin? | Meritage Homes' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Meritage Homes? | Current FCF multiple of Meritage Homes is 28.5x. |
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