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Side-by-side financial comparison of Meritage Homes CORP (MTH) and Nomad Foods Ltd (NOMD). Click either name above to swap in a different company.

Meritage Homes CORP is the larger business by last-quarter revenue ($1.4B vs $834.9M, roughly 1.7× Nomad Foods Ltd). On growth, Meritage Homes CORP posted the faster year-over-year revenue change (10.5% vs -2.6%). Nomad Foods Ltd produced more free cash flow last quarter ($272.4M vs $-225.4M).

Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the fifth largest home builder in the United States, based on 2023 home sales. The company also develops active adult communities and luxury real estate in Arizona.

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

MTH vs NOMD — Head-to-Head

Bigger by revenue
MTH
MTH
1.7× larger
MTH
$1.4B
$834.9M
NOMD
Growing faster (revenue YoY)
MTH
MTH
+13.1% gap
MTH
10.5%
-2.6%
NOMD
More free cash flow
NOMD
NOMD
$497.8M more FCF
NOMD
$272.4M
$-225.4M
MTH

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
MTH
MTH
NOMD
NOMD
Revenue
$1.4B
$834.9M
Net Profit
$250.1M
Gross Margin
31.5%
25.6%
Operating Margin
23.5%
9.1%
Net Margin
17.7%
Revenue YoY
10.5%
-2.6%
Net Profit YoY
49.4%
EPS (diluted)
$6.77

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTH
MTH
NOMD
NOMD
Q4 25
$834.9M
Q4 24
$856.9M
Q4 23
$821.7M
Q4 22
$810.2M
Q2 22
$1.4B
Net Profit
MTH
MTH
NOMD
NOMD
Q4 25
Q4 24
$55.5M
Q4 23
$26.7M
Q4 22
$40.1M
Q2 22
$250.1M
Gross Margin
MTH
MTH
NOMD
NOMD
Q4 25
25.6%
Q4 24
28.5%
Q4 23
27.3%
Q4 22
25.7%
Q2 22
31.5%
Operating Margin
MTH
MTH
NOMD
NOMD
Q4 25
9.1%
Q4 24
11.5%
Q4 23
8.8%
Q4 22
8.7%
Q2 22
23.5%
Net Margin
MTH
MTH
NOMD
NOMD
Q4 25
Q4 24
6.5%
Q4 23
3.2%
Q4 22
4.9%
Q2 22
17.7%
EPS (diluted)
MTH
MTH
NOMD
NOMD
Q4 25
Q4 24
Q4 23
Q4 22
Q2 22
$6.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTH
MTH
NOMD
NOMD
Cash + ST InvestmentsLiquidity on hand
$272.1M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$3.4B
$2.7B
Total Assets
$5.3B
$6.8B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTH
MTH
NOMD
NOMD
Q4 25
Q4 24
Q4 23
Q4 22
$399.0M
Q2 22
$272.1M
Total Debt
MTH
MTH
NOMD
NOMD
Q4 25
$2.5B
Q4 24
$2.4B
Q4 23
$2.3B
Q4 22
$2.3B
Q2 22
Stockholders' Equity
MTH
MTH
NOMD
NOMD
Q4 25
$2.7B
Q4 24
$2.9B
Q4 23
$2.8B
Q4 22
$2.8B
Q2 22
$3.4B
Total Assets
MTH
MTH
NOMD
NOMD
Q4 25
$6.8B
Q4 24
$6.9B
Q4 23
$6.9B
Q4 22
$6.8B
Q2 22
$5.3B
Debt / Equity
MTH
MTH
NOMD
NOMD
Q4 25
0.92×
Q4 24
0.82×
Q4 23
0.82×
Q4 22
0.83×
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MTH
MTH
NOMD
NOMD
Operating Cash FlowLast quarter
$-219.0M
$357.2M
Free Cash FlowOCF − Capex
$-225.4M
$272.4M
FCF MarginFCF / Revenue
-16.0%
32.6%
Capex IntensityCapex / Revenue
0.5%
10.2%
Cash ConversionOCF / Net Profit
-0.88×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTH
MTH
NOMD
NOMD
Q4 25
$357.2M
Q4 24
$470.2M
Q4 23
$465.3M
Q4 22
$328.1M
Q2 22
$-219.0M
Free Cash Flow
MTH
MTH
NOMD
NOMD
Q4 25
$272.4M
Q4 24
$383.5M
Q4 23
$376.3M
Q4 22
$242.7M
Q2 22
$-225.4M
FCF Margin
MTH
MTH
NOMD
NOMD
Q4 25
32.6%
Q4 24
44.8%
Q4 23
45.8%
Q4 22
30.0%
Q2 22
-16.0%
Capex Intensity
MTH
MTH
NOMD
NOMD
Q4 25
10.2%
Q4 24
10.1%
Q4 23
10.8%
Q4 22
10.5%
Q2 22
0.5%
Cash Conversion
MTH
MTH
NOMD
NOMD
Q4 25
Q4 24
8.47×
Q4 23
17.44×
Q4 22
8.19×
Q2 22
-0.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTH
MTH

Home Building$1.4B100%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$9.8M1%
Financial Service$5.1M0%
Land Closing$3.4M0%

NOMD
NOMD

Segment breakdown not available.

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