Meritage Homes Corporation reported its financial results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter (Q4) 2025, net earnings totaled USD 84.0 million with basic earnings per share at USD 1.21 and diluted earnings per share at USD 1.20. For the full year (FY) 2025, net earnings were USD 453.0 million, representing a 42 percent decrease. Basic earnings per share for the full year were USD 6.40, down 41 percent, while diluted earnings per share were USD 6.35, also a 41 percent decrease. Home closing revenue for the fourth quarter was USD 1.4 billion. The company achieved an adjusted home closing gross margin of 19.3 percent, excluding USD 38.9 million of non-recurring charges related to terminated land deals and real estate inventory impairments. Adjusted diluted earnings per share for the quarter were USD 1.67, excluding USD 42.9 million of non-recurring charges. Meritage Homes delivered 3,755 home closings during the quarter, with approximately 63 percent of these deliveries coming from intra-quarter sales, resulting in a backlog conversion rate of 2.2 times. The company expects full year 2026 home closing volume and revenue to be consistent with full year 2025 results, assuming no further deterioration from current market conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meritage Homes Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9644671) on January 28, 2026, and is solely responsible for the information contained therein.