Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | $531M | $566M | — | — | — | — | — | — | — | — |
| Net income | $150M | $143M | $227M | $250M | $423M | $737M | $992M | $739M | $786M | $453M |
| EPS (diluted) | $3.55 | $3.41 | $5.58 | $6.42 | $11.00 | $19.29 | $13.37 | $9.96 | $10.72 | $6.35 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$103M | -$87.1M | $262M | $347M | $530M | -$152M | $405M | $356M | -$228M | $118M |
| Capital expenditures | $16.7M | $18.1M | $33.4M | $24.4M | $19.9M | $25.7M | $27.0M | $38.2M | $28.7M | $25.7M |
| Free cash flow | -$120M | -$105M | $229M | $322M | $510M | -$178M | $378M | $317M | -$256M | $92.6M |
| Share buybacks | $0.00 | $0.00 | $100M | $16.0M | $69.6M | $61.0M | $109M | $59.1M | $126M | $295M |
| Dividends paid | — | — | — | — | — | $0.00 | $0.00 | $39.5M | $109M | $121M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $132M | $171M | $311M | $319M | $746M | $618M | $862M | $921M | $652M | $775M |
| Total assets | $2.89B | $3.25B | $3.37B | $3.40B | $3.86B | $4.81B | $5.77B | $6.35B | $7.16B | $7.62B |
| Total liabilities | $1.47B | $1.67B | $1.64B | $1.42B | $1.52B | $1.76B | $1.82B | $1.74B | $2.02B | $2.43B |
| Shareholders' equity | $1.42B | $1.58B | $1.72B | $1.97B | $2.35B | $3.04B | $3.95B | $4.61B | $5.14B | $5.20B |
| Retained earnings | $849M | $992M | $1.22B | $1.47B | $1.89B | $2.63B | $3.62B | $4.32B | $5.00B | $5.19B |
| Shares (wtd avg diluted) | 42.6M | 42.2M | 40.7M | 38.9M | 38.5M | 38.2M | 74.2M | 74.1M | 73.3M | 71.3M |
Every figure is extracted from Meritage Homes CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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