• Meritage Homes average operating margin for 2023 was 16.2%, a 23.08% decline from 2022.
• Meritage Homes average operating margin for 2022 was 21.06%, a 33.04% decline from 2021.
• Meritage Homes average operating margin for 2021 was 15.83%, a 52.07% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.