[MTH] YoY Annual Result on 31-Dec-2023 [#FY]

Stock
[MTH] Meritage Homes Corporation
Announcement Date
14-Feb-2024
Financial Year
2023
Quarter
31-Dec-2023 [#FY]
Profit Trend
YoY- -25.54%
Quarter Report
MTH's Result
MTH's Financial Summary
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Annual Result
31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 CAGR
Revenue 6,138,263 6,298,154 5,147,326 4,506,305 3,677,843 3,543,917 3,254,833 11.14%
PBT 949,430 1,289,318 954,834 533,566 302,945 283,254 247,519 25.10%
Tax 210,682 297,126 217,390 110,091 53,282 55,922 104,264 12.43%
NP 738,748 992,192 737,444 423,475 249,663 227,332 143,255 31.42%
Tax Rate -22.19% -23.05% -22.77% -20.63% -17.59% -19.74% -42.12% -
Total Cost 5,399,515 5,305,962 4,409,882 4,082,830 3,428,180 3,316,585 3,111,578 9.61%
Ratio Analysis
31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 CAGR
NP Margin 12.04 15.75 14.33 9.40 6.79 6.41 4.40 18.25%
Per Share
31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 CAGR
EPS 20.17 27.04 19.61 11.23 6.55 5.67 3.56 33.50%
EPS Diluted 19.93 26.74 19.29 11.00 6.42 5.58 3.41 34.19%

PBT = Profit before Tax, NP = Net Profit, NP Margin = Net Profit Margin, EPS = Earning Per Share, EPS Diluted = Earning Per Share Diluted.

NP Margin, QoQ ⃤ & YoY ⃤ figures in Percentage; EPS & EPS Diluted figures in Cent.

All figures in '000 unless specified.