PulteGroup, Inc.

PHM

Consumer CyclicalLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

PulteGroup, Inc., through its subsidiaries, engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes, as well as construction of housing; and sale of single-family detached homes; and attached homes, such as townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brands. It also engages in the mortgage banking, title, and insurance agency operations. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.

Valuation

Market Cap$22.5B

Current Price$126.46as of Jun 23, 2026

P/E Ratio10.15

P/B Ratio1.73

EV / EBITDA7.55

EV / Sales1.32

Profitability

Operating Margin17.2%

Net Profit Margin12.8%

EBITDA Margin17.5%

Returns

ROE17.1%

ROCE17.9%

ROIC %-

ROA12.3%

Solvency

Current Ratio12.64

Debt / Equity0.18

Debt / Assets0.13

CFO / Net Profit0.84

Price History▲ 20.62% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$17.3B▼ 3.5%

EBITDA$3.0B▼ 26.2%

Net Profit$2.2B▼ 28.0%

Cash from Ops (CFO)$1.9B▲ 11.3%

Free Cash Flow (FCF)$1.7B▲ 11.9%

Revenue CAGR 3Y2.7%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-5.4%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$17.3B	$3.0B	$2.2B	$1.7B	17.1%	-3.5%	-28.0%
2024	$17.9B	$4.1B	$3.1B	$1.6B	25.4%	11.7%	18.5%
2023	$16.1B	$3.5B	$2.6B	$2.1B	25.1%	0.4%	-0.6%
2022	$16.0B	$3.5B	$2.6B	$556M	29.4%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	16,002.98	16,061.58	17,946.95	17,311.95
Operating Revenue	-	16,002.98	16,061.58	17,946.95	17,311.95
Cost Of Revenue	-	11,168.48	11,342.09	12,725.74	12,739.35
Gross Profit	-	4,834.50	4,719.48	5,221.20	4,572.60
Operating Expense	-	1,392.34	1,323.18	1,331.31	1,594.02
Selling General And Administration	-	1,381.22	1,312.64	1,321.28	1,573.93
Total Expenses	-	12,560.82	12,665.27	14,057.06	14,333.37
Operating Income	-	3,442.16	3,396.30	3,889.90	2,978.58
EBITDA	-	3,510.76	3,530.56	4,095.52	3,024.43
Normalized EBITDA	-	3,574.32	3,553.41	4,114.01	3,151.06
EBIT	-	3,439.84	3,449.74	4,006.36	2,911.93
Interest Income	-	1.97	61.53	59.49	44.43
Interest Expense	-	0.28	0.47	0.48	0.60
Net Interest Income	-	1.69	61.06	59.01	43.82
Other Non Operating Income Expenses	-	8.59	10.19	31.26	11.39
Other Income Expense	-	-4.29	-8.10	56.98	-111.08
Interest Income Non Operating	-	1.97	61.53	59.49	44.43
Interest Expense Non Operating	-	0.28	0.47	0.48	0.60
Net Non Operating Interest Income Expense	-	1.69	61.06	59.01	43.82
Pretax Income	-	3,439.56	3,449.27	4,005.88	2,911.32
Tax Provision	-	822.24	846.90	922.62	692.59
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-15.19	-5.61	-4.25	-30.14
Net Income Continuous Operations	-	2,617.32	2,602.37	3,083.26	2,218.73
Net Income From Continuing And Discontinued Operation	-	2,617.32	2,602.37	3,083.26	2,218.73
Net Income From Continuing Operation Net Minority Interest	-	2,617.32	2,602.37	3,083.26	2,218.73
Net Income	-	2,617.32	2,602.37	3,083.26	2,218.73
Net Income Common Stockholders	-	2,601.14	2,592.87	3,083.26	2,218.73
Net Income Including Noncontrolling Interests	-	2,617.32	2,602.37	3,083.26	2,218.73
Normalized Income	-	2,665.69	2,619.61	3,097.50	2,315.22
Diluted NI Availto Com Stockholders	-	2,601.24	2,592.94	3,083.26	2,218.73
Basic Average Shares	-	235.01	219.96	208.11	197.97
Diluted Average Shares	-	236.17	221.16	209.83	199.54
Reconciled Depreciation	-	70.92	80.82	89.16	112.51
Reconciled Cost Of Revenue	-	11,108.68	11,271.81	12,646.62	12,646.94
Total Unusual Items	-	-63.56	-22.85	-18.49	-126.62
Total Unusual Items Excluding Goodwill	-	-63.56	-22.85	-18.49	-126.62
Special Income Charges	-	-63.56	-22.85	-18.49	-126.62
Other Special Charges	61.47	-	-0.66	0.22	-
Write Off	-	63.56	23.51	18.27	48.44
Impairment Of Capital Assets	-	0	0	0	78.18
Depreciation Amortization Depletion Income Statement	-	11.12	10.54	10.03	20.09
Depreciation And Amortization In Income Statement	-	11.12	10.54	10.03	20.09
Otherunder Preferred Stock Dividend	16.34	16.18	9.50	-	-
Earnings From Equity Interest	-	50.68	4.56	44.20	4.15
Average Dilution Earnings	0.04	0.10	0.07	-	-
Amortization	-	11.12	10.54	10.03	20.09
Amortization Of Intangibles Income Statement	-	11.12	10.54	10.03	20.09

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
PulteGroup, Inc.this co.	PHM	$22.5B	10.15↓ discount	1.73	17.1%	7.55
Williams-Sonoma, Inc.	WSM	$24.5B	22.51	11.77	52.3%	15.14
Lennar Corporation	LEN	$22.6B	10.89	1.03	9.5%	8.58
Rollins, Inc.	ROL	$22.4B	42.51	16.29	38.3%	27.31
Smurfit Westrock Plc	SW	$22.2B	31.72

Learn while you research

Hand-picked academy chapters to deepen your understanding of PulteGroup, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$17.3B

$3.0B

$2.2B

$1.7B

17.1%

-3.5%

-28.0%

2024

$17.9B

$4.1B

$3.1B

$1.6B

25.4%

11.7%

18.5%

2023

$16.1B

$3.5B

$2.6B

$2.1B

25.1%

0.4%

-0.6%

2022

$16.0B

$3.5B

$2.6B

$556M

29.4%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

16,002.98

16,061.58

17,946.95

17,311.95

Operating Revenue

16,002.98

16,061.58

17,946.95

17,311.95

Cost Of Revenue

11,168.48

11,342.09

12,725.74

12,739.35

Gross Profit

4,834.50

4,719.48

5,221.20

4,572.60

Operating Expense

1,392.34

1,323.18

1,331.31

1,594.02

Selling General And Administration

1,381.22

1,312.64

1,321.28

1,573.93

Total Expenses

12,560.82

12,665.27

14,057.06

14,333.37

Operating Income

3,442.16

3,396.30

3,889.90

2,978.58

EBITDA

3,510.76

3,530.56

4,095.52

3,024.43

Normalized EBITDA

3,574.32

3,553.41

4,114.01

3,151.06

EBIT

3,439.84

3,449.74

4,006.36

2,911.93

Interest Income

1.97

61.53

59.49

44.43

Interest Expense

0.28

0.47

0.48

0.60

Net Interest Income

1.69

61.06

59.01

43.82

Other Non Operating Income Expenses

8.59

10.19

31.26

11.39

Other Income Expense

-4.29

-8.10

56.98

-111.08

Interest Income Non Operating

1.97

61.53

59.49

44.43

Interest Expense Non Operating

0.28

0.47

0.48

0.60

Net Non Operating Interest Income Expense

1.69

61.06

59.01

43.82

Pretax Income

3,439.56

3,449.27

4,005.88

2,911.32

Tax Provision

822.24

846.90

922.62

692.59

Tax Rate For Calcs

Tax Effect Of Unusual Items

-15.19

-5.61

-4.25

-30.14

Net Income Continuous Operations

2,617.32

2,602.37

3,083.26

2,218.73

Net Income From Continuing And Discontinued Operation

2,617.32

2,602.37

3,083.26

2,218.73

Net Income From Continuing Operation Net Minority Interest

2,617.32

2,602.37

3,083.26

2,218.73

Net Income

2,617.32

2,602.37

3,083.26

2,218.73

Net Income Common Stockholders

2,601.14

2,592.87

3,083.26

2,218.73

Net Income Including Noncontrolling Interests

2,617.32

2,602.37

3,083.26

2,218.73

Normalized Income

2,665.69

2,619.61

3,097.50

2,315.22

Diluted NI Availto Com Stockholders

2,601.24

2,592.94

3,083.26

2,218.73

Basic Average Shares

235.01

219.96

208.11

197.97

Diluted Average Shares

236.17

221.16

209.83

199.54

Reconciled Depreciation

70.92

80.82

89.16

112.51

Reconciled Cost Of Revenue

11,108.68

11,271.81

12,646.62

12,646.94

Total Unusual Items

-63.56

-22.85

-18.49

-126.62

Total Unusual Items Excluding Goodwill

-63.56

-22.85

-18.49

-126.62

Special Income Charges

-63.56

-22.85

-18.49

-126.62

Other Special Charges

61.47

-0.66

0.22

Write Off

63.56

23.51

18.27

48.44

Impairment Of Capital Assets

78.18

Depreciation Amortization Depletion Income Statement

11.12

10.54

10.03

20.09

Depreciation And Amortization In Income Statement

11.12

10.54

10.03

20.09

Otherunder Preferred Stock Dividend

16.34

16.18

9.50

Earnings From Equity Interest

50.68

4.56

44.20

4.15

Average Dilution Earnings

0.04

0.10

0.07

Amortization

11.12

10.54

10.03

20.09

Amortization Of Intangibles Income Statement

11.12

10.54

10.03

20.09

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

PulteGroup, Inc.this co.

PHM

$22.5B

10.15↓ discount

1.73

17.1%

7.55

Williams-Sonoma, Inc.

WSM

$24.5B

22.51

11.77

52.3%

15.14

Lennar Corporation

LEN

$22.6B

10.89

1.03

9.5%

8.58

Rollins, Inc.

ROL

$22.4B

42.51

16.29

38.3%

27.31

Smurfit Westrock Plc

$22.2B

31.72

PulteGroup, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

PulteGroup, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on