Meritage Corporation (MTH)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 537,477 | 668,724 | 779,726 | 884,013 | 958,345 | 996,695 | 1,030,755 | 970,923 | 902,389 | 995,117 | 1,051,372 | 1,156,863 | 1,286,645 | 1,260,207 | 1,191,162 | 1,091,548 | 970,576 | 875,197 | 749,050 | 632,964 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,195,640 | 5,287,520 | 5,269,170 | 5,194,740 | 5,141,570 | 5,029,790 | 4,882,530 | 4,720,570 | 4,611,900 | 4,421,040 | 4,248,300 | 4,067,210 | 3,949,610 | 3,681,810 | 3,412,470 | 3,168,320 | 3,044,390 | 2,825,270 | 2,628,140 | 2,476,690 |
| Return on total capital | 10.34% | 12.65% | 14.80% | 17.02% | 18.64% | 19.82% | 21.11% | 20.57% | 19.57% | 22.51% | 24.75% | 28.44% | 32.58% | 34.23% | 34.91% | 34.45% | 31.88% | 30.98% | 28.50% | 25.56% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $537,477K ÷ ($—K + $5,195,640K)
= 10.34%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Meritage Corporation
MTH
10.34%
DR Horton Inc
DHI
19.59%
KB Home
KBH
14.21%
Lennar Corporation
LEN
12.81%
M/I Homes Inc
MHO
19.06%
NVR Inc
NVR
47.75%
PulteGroup Inc
PHM
22.42%
Toll Brothers Inc
TOL
21.26%