Meritage Homes Q3 net income falls 31.7% to $67.8M as closings drop 13.5% and margins compress

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 31, 2025 · ~1 min read

Key Changes

• high

  Home closing revenue fell 16.9% to $1.2 billion on a 13.5% drop in closings and 4.0% lower average sales price.

  MD&A: Home closing revenue verify on EDGAR →
• high

  Home closing gross margin compressed 170 bps to 17.4% on higher incentives, lot costs, and lost leverage.

  MD&A: Gross margin verify on EDGAR →
• high

  Net earnings declined 31.7% to $67.8 million, with diluted EPS down 25.2% to $1.04.

  MD&A: Net earnings verify on EDGAR →