• Meritage Homes average return on tangible equity for 2023 was 20.34, a 28.76% decline from 2022.
• Meritage Homes average return on tangible equity for 2022 was 28.55, a 17.93% decline from 2021.
• Meritage Homes average return on tangible equity for 2021 was 24.21, a 37.71% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.