Meritage Corporation (MTH)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	738,748	802,262	842,991	906,239	992,192	967,287	905,550	822,855	737,444	652,511	560,877	484,166	423,475	374,562	335,253	295,403	249,663	221,534	205,860	208,870
Revenue (ttm)	US$ in thousands	6,137,610	6,475,460	6,439,460	6,284,020	6,285,610	5,791,540	5,472,310	5,319,250	5,116,050	5,027,110	4,905,100	4,684,410	4,506,306	4,231,586	4,035,343	3,869,074	3,677,839	2,534,947	2,479,321	2,488,325
Net profit margin		12.04%	12.39%	13.09%	14.42%	15.79%	16.70%	16.55%	15.47%	14.41%	12.98%	11.43%	10.34%	9.40%	8.85%	8.31%	7.63%	6.79%	8.74%	8.30%	8.39%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $738,748K ÷ $6,137,610K
= 12.04%

The net profit margin of Meritage Homes Corp. has shown a steady decline over the past 8 quarters, decreasing from 15.83% in Q4 2022 to 12.08% in Q4 2023. This downward trend indicates that the company's profitability relative to its revenue has been weakening. Despite a slight increase in Q3 2023, the overall trend suggests that Meritage Homes Corp. may be experiencing challenges in controlling costs or generating sufficient revenue to maintain its profit margins. Further analysis of the company's financial performance and operational efficiency may be warranted to address the declining profitability trend.