Meritage (MTH) Reports Q3 Earnings: What Key Metrics Have to Say

Meritage Homes (MTH) reported $1.42 billion in revenue for the quarter ended September 2025, representing a year-over-year decline of 10.9%. EPS of $1.39 for the same period compares to $2.67 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.52 billion, representing a surprise of -6.85%. The company delivered an EPS surprise of -18.71%, with the consensus EPS estimate being $1.71.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Meritage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Homes ordered - Total: 3,636 versus the nine-analyst average estimate of 3,716.
• Home Closing Revenue - Average sales price - Total: $380.00 versus the nine-analyst average estimate of $390.27.
• Order Backlog - Total: 1,699 compared to the 1,677 average estimate based on nine analysts.
• Homes closed - Total: 3,685 versus 3,787 estimated by nine analysts on average.
• Order Backlog - Average sales price - Total: $394.00 compared to the $407.27 average estimate based on seven analysts.
• Order Backlog Value - Total: $670.01 million versus $724.95 million estimated by six analysts on average.
• Active Communities - Ending - Total: 334 versus 316 estimated by six analysts on average.
• Home Orders - Average sales price - Total: $389.00 versus the five-analyst average estimate of $395.70.
• Revenue- Total closing revenue (Homebuilding): $1.42 billion versus $1.52 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -10.9% change.
• Revenue- Home closing: $1.4 billion versus the 10-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of -11.8%.
• Revenue- Land closing: $16.07 million versus $5.6 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +502.9% change.
• Revenue- Financial Services: $8.46 million versus the nine-analyst average estimate of $8.4 million. The reported number represents a year-over-year change of +4.8%.

View all Key Company Metrics for Meritage here>>>

Shares of Meritage have returned -1.8% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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