Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Meritage Homes presented a comprehensive examination of their third-quarter results for 2025, which highlighted both achievements and challenges.</li><li>The company's performance was influenced by softer consumer demand and affordability issues, resulting in a mixed outcome for stakeholders.</li><li>On the positive side, Meritage Homes reported a 4% year-over-year increase in orders to 3,636 units, bolstered by expanding their community count by 20% to 334 communities.</li></ul>

Meritage Homes presented a comprehensive examination of their third-quarter results for 2025, which highlighted both achievements and challenges.The company's performance was influenced by softer consumer demand and affordability issues, resulting in a mixed outcome for stakeholders.On the positive side, Meritage Homes reported a 4% year-over-year increase in orders to 3,636 units, bolstered by expanding their community count by 20% to 334 communities.

Meritage Homes’ Lean and Mean Strategy: Lower Specs, Higher Returns?

<ul><li>Meritage Homes reported its second-quarter 2025 financial results, reflecting both strengths and areas of concern.</li><li>The company secured orders for 3,914 homes, thanks to a strategy focused on move-in ready inventory and the use of financing incentives.</li><li>Despite a challenging macroeconomic environment marked by rising mortgage rates and consumer hesitancy, Meritage Homes demonstrated agility in managing its operations.</li></ul>

Meritage Homes reported its second-quarter 2025 financial results, reflecting both strengths and areas of concern.The company secured orders for 3,914 homes, thanks to a strategy focused on move-in ready inventory and the use of financing incentives.Despite a challenging macroeconomic environment marked by rising mortgage rates and consumer hesitancy, Meritage Homes demonstrated agility in managing its operations.

Meritage Homes: An Insight Into Its Inventory

<ul><li>M/I Homes recently reported its first-quarter results, reflecting a blend of solid performance and challenges posed by the current macroeconomic climate.</li><li>During the quarter, the company navigated fluctuating market conditions influenced by rising mortgage rates and economic uncertainty, which have directly impacted housing demand and consumer confidence.</li><li>A key highlight of the report was the company's ability to maintain a strong gross margin of 25.9%, though this figure was a decrease of 120 basis points compared to the same period last year.</li></ul>

M/I Homes recently reported its first-quarter results, reflecting a blend of solid performance and challenges posed by the current macroeconomic climate.During the quarter, the company navigated fluctuating market conditions influenced by rising mortgage rates and economic uncertainty, which have directly impacted housing demand and consumer confidence.A key highlight of the report was the company's ability to maintain a strong gross margin of 25.9%, though this figure was a decrease of 120 basis points compared to the same period last year.

M/I Homes: Is Its Speculative Home Sales Strategy Paying Off?

<ul><li>Meritage Homes showed a resilient performance in the first quarter of 2025, balancing the challenging macroeconomic landscape with strategic operational adjustments.</li><li>Despite encountering a slower-than-expected start to the year, the company managed to achieve its second-highest first-quarter orders and closings in its history, reflecting its adaptability and strategic pivot towards a 60-day closing-ready inventory.</li><li>The company sold nearly 3,900 homes in Q1, achieving a 22% home closing gross margin and $1.3 billion in home closing revenue.</li></ul>

Meritage Homes showed a resilient performance in the first quarter of 2025, balancing the challenging macroeconomic landscape with strategic operational adjustments.Despite encountering a slower-than-expected start to the year, the company managed to achieve its second-highest first-quarter orders and closings in its history, reflecting its adaptability and strategic pivot towards a 60-day closing-ready inventory.The company sold nearly 3,900 homes in Q1, achieving a 22% home closing gross margin and $1.3 billion in home closing revenue.

Meritage Homes: Partnerships & Realtor Engagement to Enhance Market Reach & Sales Effectiveness!

<ul><li>Meritage Homes concluded the fourth quarter of 2024, showcasing a dynamic performance amidst a challenging housing market environment characterized by fluctuating mortgage rates and macroeconomic uncertainties.</li><li>The company reported home closings totaling 4,044 units with home closing gross margins standing at 23.2%, contributing to a diluted earnings per share (EPS) of $4.72 for the quarter.</li><li>This performance highlights both the resilience and adaptability of Meritage Homes in the face of industry volatility.</li></ul>

Meritage Homes concluded the fourth quarter of 2024, showcasing a dynamic performance amidst a challenging housing market environment characterized by fluctuating mortgage rates and macroeconomic uncertainties.The company reported home closings totaling 4,044 units with home closing gross margins standing at 23.2%, contributing to a diluted earnings per share (EPS) of $4.72 for the quarter.This performance highlights both the resilience and adaptability of Meritage Homes in the face of industry volatility.

Meritage Homes: Recent Market Expansion & Demand Dynamics Driving Our Optimism! - Major Drivers

United States

Meritage Homes Corporation designs, builds, and sells single-family homes ranging from entry level to semi-custom luxury.  The Company operates in the South and West of the United States.

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Meritage Homes (MTH US)

Meritage Homes’ Lean and Mean Strategy: Lower Specs, Higher Returns?

Meritage Homes presented a comprehensive examination of their third-quarter results for 2025, which highlighted both achievements and...

Baptista Research

Meritage Homes: An Insight Into Its Inventory

Meritage Homes reported its second-quarter 2025 financial results, reflecting both strengths and areas of concern. The company secured orders for...

Baptista Research

M/I Homes: Is Its Speculative Home Sales Strategy Paying Off?

M/I Homes recently reported its first-quarter results, reflecting a blend of solid performance and challenges posed by the current macroeconomic...

Baptista Research

Meritage Homes: Partnerships & Realtor Engagement to Enhance Market Reach & Sales Effectiveness!

Meritage Homes showed a resilient performance in the first quarter of 2025, balancing the challenging macroeconomic landscape with strategic...

Baptista Research

Meritage Homes: Recent Market Expansion & Demand Dynamics Driving Our Optimism! - Major Drivers

Meritage Homes concluded the fourth quarter of 2024, showcasing a dynamic performance amidst a challenging housing market environment...

Baptista Research

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