Meritage Homes Corporation
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida… Read more
Meritage Homes Corporation (MEY) - Net Assets
Latest net assets as of December 2025: €5.20 Billion EUR
Based on the latest financial reports, Meritage Homes Corporation (MEY) has net assets worth €5.20 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.62 Billion) and total liabilities (€2.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.20 Billion |
| % of Total Assets | 68.16% |
| Annual Growth Rate | 15.49% |
| 5-Year Change | 70.66% |
| 10-Year Change | N/A |
| Growth Volatility | 8.84 |
Meritage Homes Corporation - Net Assets Trend (2016–2025)
This chart illustrates how Meritage Homes Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Meritage Homes Corporation (2016–2025)
The table below shows the annual net assets of Meritage Homes Corporation from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.20 Billion | +1.05% |
| 2024-12-31 | €5.14 Billion | +11.48% |
| 2023-12-31 | €4.61 Billion | +16.77% |
| 2022-12-31 | €3.95 Billion | +29.73% |
| 2021-12-31 | €3.04 Billion | +29.67% |
| 2020-12-31 | €2.35 Billion | +18.94% |
| 2019-12-31 | €1.97 Billion | +14.72% |
| 2018-12-31 | €1.72 Billion | +9.13% |
| 2017-12-31 | €1.58 Billion | +10.93% |
| 2016-12-31 | €1.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meritage Homes Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 512.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.19 Billion | 99.99% |
| Other Components | €682.00K | 0.01% |
| Total Equity | €5.20 Billion | 100.00% |
Meritage Homes Corporation Competitors by Market Cap
The table below lists competitors of Meritage Homes Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kontoor Brands Inc
NYSE:KTB
|
$3.68 Billion |
|
Clear Secure Inc
NYSE:YOU
|
$3.68 Billion |
|
Apogee Therapeutics, Inc. Common Stock
NASDAQ:APGE
|
$3.68 Billion |
|
easyJet plc
OTCQX:EJTTF
|
$3.69 Billion |
|
Jiangsu Nata Opto Electr Material
SHE:300346
|
$3.68 Billion |
|
Taiwan Union Technology
TWO:6274
|
$3.67 Billion |
|
Huaxin Cement Co Ltd A
SHG:600801
|
$3.67 Billion |
|
Hamilton Lane Inc
NASDAQ:HLNE
|
$3.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meritage Homes Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,141,573,000 to 5,195,643,000, a change of 54,070,000 (1.1%).
- Net income of 453,013,000 contributed positively to equity growth.
- Dividend payments of 121,072,000 reduced retained earnings.
- Share repurchases of 294,999,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €453.01 Million | +8.72% |
| Dividends Paid | €121.07 Million | -2.33% |
| Share Repurchases | €295.00 Million | -5.68% |
| Other Changes | €17.13 Million | +0.33% |
| Total Change | €- | 1.05% |
Book Value vs Market Value Analysis
This analysis compares Meritage Homes Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.72x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.41x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €39.10 | €55.00 | x |
| 2018-12-31 | €45.20 | €55.00 | x |
| 2019-12-31 | €51.68 | €55.00 | x |
| 2020-12-31 | €62.59 | €55.00 | x |
| 2021-12-31 | €81.59 | €55.00 | x |
| 2022-12-31 | €108.00 | €55.00 | x |
| 2023-12-31 | €63.31 | €55.00 | x |
| 2024-12-31 | €71.49 | €55.00 | x |
| 2025-12-31 | €76.22 | €55.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meritage Homes Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.73%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.47x
- Recent ROE (8.72%) is below the historical average (15.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.52% | 4.89% | 1.06x | 2.03x | €7.39 Million |
| 2017 | 9.09% | 4.40% | 1.00x | 2.06x | €-14.43 Million |
| 2018 | 13.21% | 6.41% | 1.05x | 1.96x | €55.26 Million |
| 2019 | 12.65% | 6.79% | 1.08x | 1.72x | €52.26 Million |
| 2020 | 18.04% | 9.40% | 1.17x | 1.65x | €188.69 Million |
| 2021 | 24.22% | 14.33% | 1.07x | 1.58x | €433.01 Million |
| 2022 | 25.12% | 15.75% | 1.09x | 1.46x | €597.23 Million |
| 2023 | 16.02% | 12.04% | 0.97x | 1.38x | €277.56 Million |
| 2024 | 15.29% | 12.30% | 0.89x | 1.39x | €272.03 Million |
| 2025 | 8.72% | 7.73% | 0.77x | 1.47x | €-66.55 Million |
Industry Comparison
This section compares Meritage Homes Corporation's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $265,334,815,200
- Average return on equity (ROE) among peers: 13.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meritage Homes Corporation (MEY) | €5.20 Billion | 10.52% | 0.47x | $3.68 Billion |
| Kaufman & Broad S.A (3GH) | $275.42 Million | 14.57% | 4.24x | $421.70 Million |
| Bellway p.l.c (41B) | $1.37 Billion | 14.01% | 0.44x | $3.24 Billion |
| HELMA Eigenheimbau Aktiengesellschaft (H5E) | $108.59 Million | 14.87% | 2.50x | $113.89K |
| HASEKO Corporation (HS6) | $394.37 Billion | 12.24% | 1.42x | $3.03 Billion |
| Iida Group Holdings Co. Ltd (IIO) | $930.56 Billion | 11.11% | 0.82x | $1.99 Billion |