Meritage Corporation (MTH)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,002,870 | 949,430 | 1,289,320 | 954,834 | 533,566 |
| Revenue | US$ in thousands | 6,363,870 | 6,113,010 | 6,298,150 | 5,147,330 | 4,506,300 |
| Pretax margin | 15.76% | 15.53% | 20.47% | 18.55% | 11.84% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,002,870K ÷ $6,363,870K
= 15.76%
The pretax margin of Meritage Corporation has shown a positive trend over the years, increasing from 11.84% at the end of 2020 to 18.55% at the end of 2021, further improving to 20.47% by the end of 2022. However, there was a slight decrease to 15.53% at the end of 2023, followed by a minor increase to 15.76% by the end of 2024. Overall, the company has been able to maintain healthy levels of pretax profitability, with 2022 showing the highest margin during the period under review. It is important for management to continue monitoring and analyzing the factors contributing to these fluctuations to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2024