MTH vs. LEN

Last updated Apr 1, 2026

Compare and contrast key facts about Meritage Homes Corporation (MTH) and Lennar Corporation (LEN).

Performance

MTH vs. LEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meritage Homes Corporation (MTH) and Lennar Corporation (LEN). The values are adjusted to include any dividend payments, if applicable.

MTH vs. LEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTH Meritage Homes Corporation	-5.31%	-12.32%	-10.16%	90.53%	-24.46%	47.38%	35.53%	66.42%	-28.28%	47.13%
LEN Lennar Corporation	-15.15%	-20.80%	-7.32%	66.92%	-20.64%	53.99%	37.97%	42.96%	-37.91%	50.28%

Fundamentals

EPS MTH : $6.42 LEN : $8.10
PE Ratio MTH : 9.63 LEN : 10.72
PS Ratio MTH : 0.75 LEN : 0.65
Total Revenue (TTM) MTH : $5.84B LEN : $34.13B
Gross Profit (TTM) MTH : $1.15B LEN : $6.01B
EBITDA (TTM) MTH : $664.18M LEN : $2.95B

Returns By Period

In the year-to-date period, MTH achieves a -5.31% return, which is significantly higher than LEN's -15.15% return. Over the past 10 years, MTH has outperformed LEN with an annualized return of 13.63%, while LEN has yielded a comparatively lower 7.81% annualized return.

MTH

• 1D: 2.95%
• 1M: -17.39%
• YTD: -5.31%
• 6M: -13.44%
• 1Y: -10.46%
• 3Y*: 3.83%
• 5Y*: 6.80%
• 10Y*: 13.63%

LEN

• 1D: 2.31%
• 1M: -24.06%
• YTD: -15.15%
• 6M: -30.50%
• 1Y: -22.99%
• 3Y*: -3.75%
• 5Y*: -1.37%
• 10Y*: 7.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MTH vs. LEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTH

MTH Risk / Return Rank: 29
MTH Sharpe Ratio Rank: 30
MTH Sortino Ratio Rank: 27
MTH Omega Ratio Rank: 28
MTH Calmar Ratio Rank: 31
MTH Martin Ratio Rank: 29

LEN

LEN Risk / Return Rank: 16
LEN Sharpe Ratio Rank: 15
LEN Sortino Ratio Rank: 16
LEN Omega Ratio Rank: 17
LEN Calmar Ratio Rank: 23
LEN Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTH vs. LEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meritage Homes Corporation (MTH) and Lennar Corporation (LEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MTH	LEN	Difference
Sharpe ratio Return per unit of total volatility	-0.26	-0.61	+0.35
Sortino ratio Return per unit of downside risk	-0.13	-0.73	+0.61
Omega ratio Gain probability vs. loss probability	0.99	0.92	+0.07
Calmar ratio Return relative to maximum drawdown	-0.35	-0.56	+0.21
Martin ratio Return relative to average drawdown	-0.80	-1.48	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTH vs. LEN - Sharpe Ratio Comparison

The current MTH Sharpe Ratio is -0.26, which is higher than the LEN Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of MTH and LEN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MTH	LEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	-0.61	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	-0.04	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.21	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.25	-0.07

Correlation

The correlation between MTH and LEN is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MTH vs. LEN - Dividend Comparison

MTH's dividend yield for the trailing twelve months is around 2.86%, more than LEN's 2.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTH Meritage Homes Corporation	2.86%	2.61%	1.95%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LEN Lennar Corporation	2.30%	1.95%	1.47%	1.01%	1.66%	0.86%	0.82%	0.29%	0.41%	0.25%	0.37%	0.33%

Drawdowns

MTH vs. LEN - Drawdown Comparison

The maximum MTH drawdown since its inception was -93.22%, roughly equal to the maximum LEN drawdown of -94.28%. Use the drawdown chart below to compare losses from any high point for MTH and LEN.

Drawdown Indicators

	MTH	LEN	Difference
Max Drawdown Largest peak-to-trough decline	-93.22%	-94.28%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	-27.68%	-39.87%	+12.19%
Max Drawdown (5Y) Largest decline over 5 years	-46.77%	-53.33%	+6.56%
Max Drawdown (10Y) Largest decline over 10 years	-64.27%	-58.80%	-5.47%
Current Drawdown Current decline from peak	-39.96%	-52.25%	+12.29%
Average Drawdown Average peak-to-trough decline	-47.64%	-27.58%	-20.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.21%	15.13%	-2.92%

Volatility

MTH vs. LEN - Volatility Comparison

Meritage Homes Corporation (MTH) and Lennar Corporation (LEN) have volatilities of 10.17% and 10.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTH	LEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	10.41%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	25.41%	26.44%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	39.79%	37.57%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.92%	34.36%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.51%	37.04%	+5.47%

Financials

MTH vs. LEN - Profitability Comparison

The chart below illustrates the profitability comparison between Meritage Homes Corporation and Lennar Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MTH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Meritage Homes Corporation reported a gross profit of 232.26M and revenue of 1.43B. Therefore, the gross margin over that period was 16.3%.

LEN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lennar Corporation reported a gross profit of 1.53B and revenue of 9.37B. Therefore, the gross margin over that period was 16.3%.

MTH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Meritage Homes Corporation reported an operating income of 376.39M and revenue of 1.43B, resulting in an operating margin of 26.4%.

LEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lennar Corporation reported an operating income of 666.96M and revenue of 9.37B, resulting in an operating margin of 7.1%.

MTH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Meritage Homes Corporation reported a net income of 84.03M and revenue of 1.43B, resulting in a net margin of 5.9%.

LEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lennar Corporation reported a net income of 490.24M and revenue of 9.37B, resulting in a net margin of 5.2%.