Meritage Homes Corporation
Income Statement
| Line Item | Jun 2022 | Jun 2021 | Jun 2018 | Mar 2018 | Dec 2017 | Sep 2017 | Jun 2017 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.28B | $877.5M | $742.6M | $946.4M | $805.6M | $802.0M | $672.8M |
| Cost of Revenue | $967.0M | $932.6M | — | — | — | — | — | — |
| Gross Profit | $445.4M | $345.0M | $158.8M | $123.1M | $171.2M | $144.6M | $140.9M | $109.8M |
| Gross Margin | 31.5% | 27.0% | 18.1% | 16.6% | 18.1% | 17.9% | 17.6% | 16.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $47.9M | $43.2M | $34.2M | $30.9M | $33.2M | $31.6M | $29.6M | $29.6M |
| Operating Income | $331.7M | $215.7M | $71.2M | $49.0M | $84.4M | $64.6M | $64.8M | $37.6M |
| Operating Margin | 23.5% | 16.9% | 8.1% | 6.6% | 8.9% | 8.0% | 8.1% | 5.6% |
| Interest Expense | $0 | $77.0K | $44.0K | $136.0K | $292.0K | $1.1M | $1.6M | $825.0K |
| Pretax Income | $331.7M | $215.7M | $71.2M | $48.9M | $84.1M | $63.5M | $63.2M | $36.8M |
| Income Tax Expense | $81.6M | $48.3M | $17.3M | $5.0M | $48.5M | $20.9M | $21.6M | $13.2M |
| Net Income | $250.1M | $167.4M | $53.8M | $43.9M | $35.6M | $42.6M | $41.6M | $23.6M |
| Net Margin | 17.7% | 13.1% | 6.1% | 5.9% | 3.8% | 5.3% | 5.2% | 3.5% |
| EPS (Basic) | $6.82 | $4.43 | $1.32 | $1.08 | $0.88 | $1.06 | $1.03 | $0.59 |
| EPS (Diluted) | $6.77 | $4.36 | $1.31 | $1.07 | $0.87 | $1.02 | $0.98 | $0.56 |
| Shares Outstanding (Basic) | 36.6M | 37.8M | 40.6M | 40.5M | 40.3M | 40.3M | 40.3M | 40.2M |
| Shares Outstanding (Diluted) | 37.0M | 38.4M | 41.2M | 41.1M | 42.2M | 42.0M | 42.8M | 42.8M |
| Dividends Per Share | $0.00 | — | — | — | — | — | — | — |