— Know what they know.
/
Not Investment Advice

PHM

NYSE · USD
PulteGroup, Inc.
Consumer Cyclical · Residential Construction
CEO Ryan R. Marshall Employees 6,506 R&D / revenue 0.0%
Last price
$113.55+0.50%last session
Market cap
$21.6B
P/E (TTM)
11.6x
From 52w high
−21.4%
From 52w low
+6.0%
1-year return
−7.5%
RSI 14 · vs SMA200
43.9 · −8.3%
IS score
48.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

PHM   SPY   XLY (sector ETF) · weekly closes
90100110Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97PHM 92

Score DNA

Each bar is a 0-100 score within the scored universe
45
Profitability
16
Growth
79
Value
38
Momentum
100
Risk (safety)
61
Quality
86
Balance sheet
86
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
None of the computed warning flags fires for PHM (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 3 / 9Altman Z 5.9Beta 1.203 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $1.3M
Form 144 notices (12m): 9, $27.6M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-09-11
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+10
120 new holders, 101 closed
1,047 filers hold 93.9% · 362 added, 416 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+108
1,060 funds adding shares
952 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
37.0%
20-day avg 55.0%, 50-day avg 61.9%
Latest 18.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$17.3B
Revenue growth YoY−3.5%
Gross margin26.4%
Operating income$3.0B
Operating margin17.3%
Net income$2.2B
Net margin12.8%
EPS (diluted)$11.12
Cash flow
Operating cash flow$1.9B
Capital expenditure$122.7M
Free cash flow$1.7B
FCF conversion (FCF / OCF)93.4%
Stock-based compensation$54.8M
FCF less SBC$1.7B
Buybacks$1.2B
Dividends$176.7M
Balance sheet & returns
Cash & short-term investments$2.0B
Total debt$2.3B
Net debt$287.9M
Shareholders' equity$13.0B
Goodwill & intangibles$66.6M
Debt / equity0.18
ROE (TTM)14.7%
ROIC (TTM)11.6%
Operating margin by fiscal year
18.4%FY202121.4%FY202221.1%FY202321.7%FY202417.3%FY2025
Revenue $13.7B (FY2021) to $17.3B (FY2025), a 6.0% CAGR.

Valuation

P/E (TTM)11.6x
EV / EBITDA9.3x
Price / sales1.32x
Price / FCF14.3x
FCF yield6.99%
Buyback yield5.66%
SBC / revenue0.4%
Price / book1.67x
Forward P/E FY202611.3x
Forward P/E FY202710.4x
Forward P/E FY20289.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $137.62 across 13 analysts last quarter is theirs, not ours.

PHM vs industry median

52 companies in Residential Construction
Gross margin 24.5% 18.7% Operating margin 14.6% 7.5% Net margin 11.6% 4.6% ROIC 11.6% 9.0%
PHM (TTM)Industry median Asset turnover 0.90 vs industry 0.92 · financial leverage 1.40

Earnings delivery

Next report 2026-10-22 · consensus EPS $2.65
83%
beat rate, 10 of 12 quarters
+4.2%
median EPS surprise
10
longest beat streak
+20+2+2+25+15+8+7+6+3+2-8-1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-07-25 to 2026-04-23. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
PHM PulteGroup, Inc. $21.6B11.6x14.7%11.6%−3.5% −7.5%
LEN Lennar Corporation $18.3B14.6x5.9%3.5%−8.1% −35.9%
NVR NVR, Inc. $15.9B14.6x31.5%10.2%−10.6% −22.2%
TOL Toll Brothers, Inc. $12.3B10.7x14.4%10.5%−1.1% +0.3%
DHI D.R. Horton, Inc. $39.0B13.2x12.8%9.8%−3.5% −7.8%
TMHC Taylor Morrison Home Corpora $6.7B10.6x11.0%7.2%−9.0% —
IBP Installed Building Products, $4.9B19.9x38.5%8.3%+0.3% —
MDC M.D.C. Holdings, Inc. $4.7B54.8x2.5%2.2%+5,346.9% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-08-12Material Agreement; Financial Obligation; Exhibits
2026-07-22Earnings Release; Exhibits
2026-05-01Shareholder Vote
2026-04-23Earnings Release; Other Events; Exhibits
2026-02-20Entry into Material Definitive Agreement; Financial Statements and Exhibits
2026-02-11Other Events; Financial Statements and Exhibits

Context

Shares outstanding190,486,353
Free float97.7%
Institutional ownership93.9%
Beta1.20
Dividend yield0.92%
Last dividend$0.26 on 2026-09-15
50 / 200-day average$121.74 / $124.33
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where PHM sits among 20 scored companies in Residential Construction (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasurePHMIndustry medianIndustry percentileSector median
P/E (TTM) 11.3x 12.8x
22nd		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.3x 0.8x
68th		 1.0x
Price / book 1.7x 1.1x
74th		 2.4x
Price / tangible book 2.1x 1.2x
83rd		 4.2x
Price / free cash flow 14.3x 15.8x
35th		 15.2x
Price / operating cash flow 13.3x 14.0x
39th		 10.2x
Enterprise value $22.0B $3.7B
95th		 $5.6B
EV / sales 1.3x 1.2x
68th		 1.4x
EV / EBITDA 9.1x 10.7x
28th		 11.4x
EV / EBIT 9.5x 11.3x
17th		 16.0x
EV / free cash flow 14.6x 16.2x
29th		 21.0x
Earnings yield 8.8% 7.5%
79th		 4.8%
FCF yield 7.0% 6.1%
68th		 5.9%
Operating cash flow yield 7.5% 6.9%
63rd		 9.3%
Graham number (per share) $121.88 $91.95
72nd		 $33.39

Profitability (TTM)

MeasurePHMIndustry medianIndustry percentileSector median
Gross margin 24.5% 22.4%
68th		 34.2%
EBITDA margin 14.8% 10.2%
74th		 11.7%
Operating margin 14.6% 9.5%
74th		 8.7%
EBIT margin 14.1% 9.3%
79th		 8.2%
Net margin 11.6% 6.6%
84th		 4.9%
NOPAT margin 11.2% 7.3%
74th		 6.8%
FCF margin 9.2% 7.0%
68th		 6.5%
Operating cash flow margin 9.9% 7.8%
68th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 7.1% 11.4%
11th		 17.2%
Stock comp / revenue 0.4% 0.4%
33rd		 0.6%
Effective tax rate 23.6% 23.2%
58th		 22.4%

Returns on capital

MeasurePHMIndustry medianIndustry percentileSector median
ROE (on average equity) 14.9% 9.6%
79th		 12.8%
ROA 10.6% 5.5%
79th		 4.4%
ROIC 13.6% 9.7%
63rd		 9.3%
ROCE 15.1% 8.8%
74th		 9.9%
Return on tangible assets 12.9% 8.3%
79th		 7.4%
Cash ROIC (OCF / invested capital) 12.1% 6.5%
74th		 14.4%
Gross profitability (GP / assets) 22.0% 18.3%
63rd		 31.6%
ROIC, 3-yr average 16.1% 11.1%
68th		 7.4%
ROIC, 5-yr average 22.7% 15.7%
79th		 9.1%
ROE, 5-yr average 23.8% 19.0%
74th		 15.8%
Incremental ROIC -42.9% 13.2%
26th		 11.2%

Growth

MeasurePHMIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -7.3% -8.4%
63rd		 6.0%
Revenue growth (QoQ) 16.9% 16.7%
53rd		 6.6%
Revenue CAGR, 3 yr -0.8% -0.4%
47th		 3.0%
Revenue CAGR, 5 yr 6.0% 4.2%
74th		 5.9%
Gross profit CAGR, 3 yr -6.9% -5.5%
47th		 3.3%
Operating income CAGR, 3 yr -12.7% -13.5%
56th		 2.1%
Net income growth (TTM YoY) -30.5% -37.9%
56th		 4.7%
Net income CAGR, 3 yr -11.6% -17.1%
67th		 1.4%
EPS growth (TTM YoY) -28.0% -34.4%
56th		 7.6%
EPS CAGR, 3 yr -7.4% -15.0%
67th		 3.4%
EPS CAGR, 5 yr 9.2% 1.0%
67th		 2.9%
FCF growth (TTM YoY) 14.8% 18.5%
38th		 26.3%
FCF CAGR, 3 yr -7.7% -22.0%
87th		 6.5%
Operating cash flow CAGR, 3 yr -6.9% -23.2%
88th		 6.7%
Book value CAGR, 3 yr 15.6% 9.6%
79th		 8.1%
Dividend CAGR, 3 yr 7.9% 5.2%
83rd		 3.2%
Sustainable growth rate 13.4% 9.5%
78th		 12.2%

Margin history & stability

MeasurePHMIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 27.3% 23.4%
84th		 34.9%
Operating margin, 3-yr average 18.6% 9.9%
89th		 8.0%
Net margin, 3-yr average 14.6% 8.1%
89th		 4.8%
FCF margin, 3-yr average 8.1% 4.1%
74th		 5.7%
Revenue stability (0-1) 0.61 0.44
58th		 0.80
Earnings stability (0-1) 0.09 0.36
26th		 0.43
Margin stability (0-1) 0.92 0.89
74th		 0.92

Liquidity (latest quarter)

MeasurePHMIndustry medianIndustry percentileSector median
Cash & short-term investments $1.9B $328.0M
95th		 $278.1M
Net cash (− = net debt) −$412.8M −$740.8M
63rd		 −$1.2B
Working capital $12.7B $2.4B
84th		 $298.0M
Current ratio 5.27 4.60
53rd		 1.49
Quick ratio 0.65 1.17
32nd		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.63 0.61
53rd		 0.31
Defensive interval (days) 427 days 411 days
53rd		 290 days

Leverage & solvency (latest quarter)

MeasurePHMIndustry medianIndustry percentileSector median
Total debt $2.3B $1.3B
79th		 $1.8B
Debt / equity 0.18 0.33
21st		 1.04
Net debt / equity 0.03 0.21
21st		 0.78
Debt / assets 12.6% 19.8%
21st		 39.7%
Debt / capital 15.0% 24.6%
21st		 51.0%
Debt / EBITDA 0.95 1.95
28th		 3.26
Net debt / EBITDA 0.17 1.24
22nd		 2.42
Interest coverage (EBIT / interest) 4,619.9x 32.9x
100th		 5.1x
Cash interest coverage 3,245.5x 36.7x
100th		 6.0x
Debt payback (years of OCF) 1.4 yrs 4.1 yrs
24th		 3.8 yrs
Liabilities / assets 28.7% 36.5%
21st		 68.1%
IS credit model rating AAA — —
Implied credit spread (bps) 50 80
0th		 275

Efficiency

MeasurePHMIndustry medianIndustry percentileSector median
Asset turnover 0.92 0.92
53rd		 1.00
Fixed asset turnover —
Inventory turnover 0.9 1.1
37th		 5.3
Receivables turnover —
Days sales outstanding 0 days 7 days
0th		 18 days
Days inventory outstanding 397 days 332 days
63rd		 68 days
Days payables outstanding 21 days 21 days
53rd		 42 days
Cash conversion cycle (days) 375 days 223 days
63rd		 44 days
Capex / revenue 0.7% 0.6%
53rd		 3.1%
Capex / depreciation 1.01 1.15
42nd		 0.89
Operating expense ratio 9.6% 12.3%
11th		 24.8%

Cash flow & earnings quality

MeasurePHMIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.85 0.93
44th		 1.76
FCF / net income 0.79 0.79
50th		 1.18
FCF / operating cash flow 93.0% 90.4%
65th		 70.1%
Capex / operating cash flow 7.0% 9.6%
35th		 29.9%
Accruals ratio 1.6% 0.5%
74th		 -5.7%
Sloan accruals ratio -0.4% -0.3%
47th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
44th		 0.75

Dividends & buybacks

MeasurePHMIndustry medianIndustry percentileSector median
Dividend yield 0.9% 0.0%
63rd		 0.8%
Dividend per share (TTM) $1.04 $0.00
68th		 $0.40
Payout ratio (dividends / net income) 9.9% 9.9%
50th		 17.8%
Dividends / FCF 12.5% 7.2%
59th		 11.6%
Dividend growth (YoY) 12.8% 5.5%
83rd		 4.8%
Buyback yield 6.1% 5.4%
63rd		 1.6%
Shareholder yield (dividends + buybacks) 7.0% 6.7%
53rd		 3.7%
Share count change (YoY) -3.4% -4.7%
58th		 -0.9%
Buybacks, last 5 years $6.3B $615.5M
95th		 $198.3M

Scores & forensic checks

MeasurePHMIndustry medianIndustry percentileSector median
IS score 48 41
68th		 50
IS profitability 45 31
79th		 38
IS growth 16 16
53rd		 53
IS value 79 79
47th		 50
IS momentum 38 38
47th		 72
IS risk (safety) 100 95
53rd		 65
IS quality 61 58
63rd		 63
IS balance sheet 86 72
79th		 48
IS earnings quality 86 83
68th		 77
IS cash flow 58 56
63rd		 56
Piotroski F-score (0-9) 3 4
0th		 6
Altman Z-score 5.9 4.0
74th		 2.8
Beneish M-score −2.33 −2.46
58th		 −2.69
Ohlson O-score −10.90 −9.71
11th		 −6.83
IS credit score 96 87
79th		 58

Per share

MeasurePHMIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $9.83 $5.23
74th		 $2.05
Book value per share $67.13 $85.63
37th		 $14.46
Tangible book per share $67.55 $76.78
37th		 $3.70
Revenue per share $84.64 $111.77
42nd		 $46.29
FCF per share $7.80 $5.23
68th		 $2.72
Operating cash flow per share $8.39 $5.58
68th		 $4.86
Cash per share $9.73 $8.47
53rd		 $3.59

Size (TTM)

MeasurePHMIndustry medianIndustry percentileSector median
Market cap $21.6B $3.5B
95th		 $3.6B
Revenue $16.4B $4.0B
84th		 $3.9B
EBITDA $2.4B $361.3M
95th		 $442.3M
Net income $1.9B $239.1M
95th		 $178.6M
Free cash flow $1.5B $199.4M
95th		 $206.3M
Total assets $18.3B $4.3B
84th		 $4.4B
Shareholders' equity $13.0B $2.3B
84th		 $957.6M
Employees 6,506 2,014
68th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-07-30Blair Bryce
Director
 Gift 7,639——126,733
2026-07-30Blair Bryce
Director
 Gift 7,639——16,800
2026-06-22Henry Kevin A
EVP and Chief People Officer
 Tax withholding 2,093$126.02$263,74912,580
2026-05-27Koart Matthew William
Exec. VP & COO
 Open-market sale 7,457$120.00$894,84028,100
2026-05-18Koart Matthew William
Exec. VP & COO
 Tax withholding 6,861$111.77$766,85435,557
2026-05-08Snyder Lila
Director
 Open-market sale 3,339$117.18$391,2643,540
2026-04-29Schall Benjamin
Director
 Award / grant 1,507——1,507
2026-04-29Blair Bryce
Director
 Award / grant 1,507——134,372
2026-04-29Grise Cheryl W
Director
 Award / grant 1,507——12,410
2026-04-29Hawaux Andre J
Director
 Award / grant 1,507——75,326
2026-04-29Gannon Kristin F.
Director
 Award / grant 1,507——1,799
2026-04-29Actis-Grande Kristen
Director
 Award / grant 1,507——4,867

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprMayJunJul

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1015,070—
GiftDisposed17,639—
GiftAcquired17,639—
Open-market saleDisposed210,796$1.3M
Tax withholdingDisposed28,954$1.0M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 9 notices · 206,746 shares · $27.6M
FiledFilerShares proposedEst. proceeds
2026-07-30Peshkin John R.8,998$1.2M
2026-05-27Koart Matthew William7,457$894,840
2026-05-08Snyder Lila3,339$391,264
2026-02-24Henry Kevin A5,173$729,575
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-11Ro KhannaHousePurchase$15,001 - $50,0002026-10-09
2025-05-11Jefferson ShreveHouseSale (Full)$15,001 - $50,0002025-06-23
2025-02-24Jefferson ShreveHousePurchase$15,001 - $50,0002025-03-10
2025-02-23Jefferson ShreveHousePurchase$15,001 - $50,0002025-03-09
2024-04-04Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-05-15
2024-04-04Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-05-14
2024-04-04Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-05-14
2023-10-17Tommy TubervilleSenatePurchase$1,001 - $15,0002023-11-16
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.18,734,222$2.6B9.83%
FRANKLIN RESOURCES INC15,558,920$2.1B8.17%
VANGUARD CAPITAL MANAGEMENT LLC12,457,824$1.7B6.54%
STATE STREET CORP9,174,111$1.3B4.82%
VANGUARD PORTFOLIO MANAGEMENT LLC8,158,644$1.1B4.28%
FMR LLC6,037,176$828.4M3.17%
GREENHAVEN ASSOCIATES INC5,455,949$748.6M2.86%
GEODE CAPITAL MANAGEMENT, LLC5,272,775$720.7M2.77%
NORGES BANK4,339,538$595.4M2.28%
PRICE T ROWE ASSOCIATES INC /MD/3,576,416$490.7M1.88%
DIMENSIONAL FUND ADVISORS LP3,218,932$441.7M1.69%
FIRST TRUST ADVISORS LP3,162,716$434.0M1.66%
LSV ASSET MANAGEMENT2,734,765$375.2M1.44%
GOLDMAN SACHS GROUP INC2,317,393$318.0M1.22%
Invesco Ltd.2,305,346$316.3M1.21%

Institutional ownership by quarter

2023-092026-0693.9%
% of shares held by 13F filers
2023-092026-061,047
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,04793.9%120362416101
2026-03-311,03792.1%11338937791
2025-12-311,03593.4%16634537193
2025-09-3098793.7%13334335281
2025-06-3095196.7%103338381107
2025-03-3196797.2%127327383129
2024-12-3198897.2%133351383134
2024-09-301,00897.9%15934239287
2024-06-3094297.4%12535134283
2024-03-3191598.9%12830737172
2023-12-3187299.7%18725034662
2023-09-30762104.6%9527927687

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%14,428,435
2026-04-29SCHEDULE 13G/APUTNAM INVESTMENT MANAGEMENT LLC5.9%11,234,872
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-11-04SCHEDULE 13G/ARupert H. Johnson, Jr.0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$691.3M
VTI0.03%$691.3M
VTSAX0.03%$691.3M
VSMPX0.03%$691.3M
VFFSX0.03%$571.3M
VFINX0.03%$571.3M

Share structure

Shares outstanding190,486,353
Float186,196,877
Free float97.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$13.7B$16.0B$16.1B$17.9B$17.3B
Cost of revenue$10.0B$11.2B$11.3B$12.7B$12.7B
Gross profit$3.8B$4.8B$4.7B$5.2B$4.6B
R&D$0$0$0$0$0
SG&A$1.2B$1.4B$1.3B$1.3B$1.6M
Operating income$2.6B$3.4B$3.4B$3.9B$3.0B
EBITDA$2.6B$3.5B$3.5B$4.1B$3.0B
Pretax income$2.5B$3.4B$3.4B$4.0B$2.9B
Income tax$563.5M$822.2M$846.9M$922.6M$692.6M
Net income$1.9B$2.6B$2.6B$3.1B$2.2B
EPS, diluted$7.43$11.01$11.72$14.69$11.12
Diluted shares259.9M236.2M221.2M209.8M199.5M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$2.7B$1.7B$2.3B$2.2B$2.0B
Receivables$290.0M$261.1M$236.1M$260.0M$265.9M
Inventory$9.0B$11.3B$11.8B$12.7B$12.9B
Total current assets$12.7B$14.1B$15.4B$16.6B$15.2B
PP&E, net$223.5M$273.7M$298.9M$347.0M$348.3M
Goodwill & intangibles$146.9M$135.8M$125.3M$115.2M$66.6M
Total assets$13.4B$14.8B$16.1B$17.4B$18.0B
Accounts payable$621.2M$566.0M$619.0M$728.0M$724.9M
Total current liabilities$1.6B$1.6B$1.6B$1.5B$2.6B
Long-term debt$2.7B$2.6B$2.5B$2.1B$1.7B
Total liabilities$5.9B$5.9B$5.7B$5.2B$5.1B
Shareholders' equity$7.5B$8.9B$10.4B$12.1B$13.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.9B$2.6B$2.6B$3.1B$2.2B
Depreciation & amortization$70.0M$70.9M$80.8M$89.2M$112.5M
Stock-based compensation$36.7M$43.0M$48.2M$54.7M$54.8M
Change in working capital−$1.2B−$2.2B−$680.6M−$1.7B−$731.1M
Operating cash flow$1.0B$668.5M$2.2B$1.7B$1.9B
Capital expenditure−$72.8M−$112.7M−$92.2M−$118.5M−$122.7M
Free cash flow$931.2M$555.8M$2.1B$1.6B$1.7B
Investing cash flow−$124.1M−$171.7M−$129.1M−$94.5M−$80.4M
Net debt issued / repaid−$622.6M−$44.3M−$210.4M−$328.5M−$19.1M
Buybacks−$908.1M−$1.1B−$1.0B−$1.2B−$1.2B
Dividends paid−$147.8M−$144.1M−$142.5M−$167.7M−$176.7M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin27.2%30.0%29.4%29.1%26.8%
Operating margin18.4%21.4%21.1%21.7%17.3%
Net margin14.0%16.3%16.2%17.2%12.8%
FCF margin6.7%3.5%13.1%8.7%10.1%
ROE27.7%31.9%27.0%27.4%17.7%
ROIC26.4%26.4%24.1%24.7%17.0%
ROA15.2%18.6%16.9%18.4%12.5%
Debt / equity0.370.310.250.190.19
Interest coverage4,990.7x12,112.1x7,355.5x8,364.0x4,812.6x
Current ratio7.858.829.8711.085.91
Revenue growth+26.2%+15.6%−0.2%+11.7%−3.5%
EPS growth+47.1%+48.7%+5.1%+24.0%−24.2%
P/E at year end7.1x3.9x8.4x7.2x10.3x
EV / EBITDA at year end5.4x3.2x6.3x5.4x7.7x
FCF yield at year end6.71%5.48%9.59%7.01%7.62%
Dividend payout7.6%5.5%5.5%5.4%8.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Home Building Segment$26.9B$15.9B$15.6B$17.5B$16.9B
Financial Service$389.5M$311.7M$187.3M$433.0M$388.7M

Revenue by region · FY2025

Florida Geographic Segment$4.3B · 25%
West$3.9B · 23%
Southeast$3.0B · 18%
MidWest$2.7B · 16%
Texas Geographic Segment$1.7B · 10%
Northeast$1.2B · 7%

Street estimates by fiscal year

Next report 2026-10-22 · consensus EPS $2.65 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$16.3B$16.2B – $16.5B$10.06$9.74 – $10.321111.3x
2027$16.9B$16.5B – $17.2B$10.92$10.26 – $11.381110.4x
2028$17.9B$17.2B – $19.3B$12.43$10.72 – $13.8049.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-23$1.80$1.79−0.6%$3.4B$3.4B+1.0%
2026-01-29$2.81$2.58−8.2%$4.3B$4.6B+6.4%
2025-10-21$2.89$2.96+2.4%$4.3B$4.4B+2.4%
2025-07-22$2.95$3.03+2.7%$4.4B$4.4B+0.6%
2025-04-22$2.43$2.57+5.8%$3.8B$3.9B+1.9%
2025-01-30$3.28$3.50+6.7%$4.6B$4.9B+6.2%
2024-10-22$3.11$3.35+7.7%$4.3B$4.5B+4.8%
2024-07-23$3.27$3.77+15.3%$4.5B$4.6B+2.4%
2024-04-23$2.36$2.96+25.4%$3.6B$3.9B+10.3%
2024-01-30$3.22$3.28+1.9%$4.5B$4.3B−4.1%
2023-10-24$2.84$2.91+2.5%$4.0B$4.0B−0.3%
2023-07-25$2.51$3.00+19.5%$4.0B$4.2B+4.9%
2023-04-25$1.81$2.35+29.8%$3.3B$3.6B+9.2%
2023-01-31$2.93$3.63+23.9%$4.6B$5.2B+12.8%
2022-10-25$2.82$2.69−4.6%$4.0B$3.9B−2.2%
2022-07-26$2.63$2.73+3.8%$4.1B$3.9B−3.2%
2022-04-28$1.71$1.83+7.0%$3.1B$3.2B+3.8%
2022-02-01$2.31$2.51+8.7%$4.2B$4.4B+3.6%
2021-10-26$1.79$1.82+1.7%$3.6B$3.5B−2.0%
2021-07-27$1.74$1.72−1.1%$3.7B$3.4B−9.7%
2021-04-27$1.20$1.28+6.7%$2.9B$2.7B−6.7%
2021-01-28$1.40$1.62+15.7%$2.7B$3.2B+18.6%
2020-10-22$1.12$1.34+19.6%$2.1B$3.0B+37.5%
2020-07-23$0.87$1.15+32.2%$1.7B$2.6B+48.3%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.406-220.206-290.207-060.307-130.507-200.307-270.208-030.208-100.308-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$203.8M1,633,06749,490
2026-08-24$196.5M1,521,97442,873
2026-08-17$260.5M2,019,76253,777
2026-08-10$222.6M1,711,16950,655
2026-08-03$187.5M1,431,10248,116
2026-07-27$341.0M2,594,12470,184

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1537.0%
DateShort shareShort volumeTotal volume
2026-10-1537.0%266,711719,877
2026-10-1442.9%338,293787,789
2026-10-1353.4%288,288540,309
2026-10-1241.6%173,531417,494
2026-10-0936.9%168,472456,456
2026-10-0840.1%391,836976,095
2026-10-0756.6%463,253818,941
2026-10-0660.6%330,136544,517
2026-10-0557.6%314,274545,199
2026-10-0265.3%373,169571,042
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+7.3Jan-2.4Feb+1.3Mar+4.0Apr-1.4May-2.0Jun+4.1Jul+0.8Aug-2.6Sep-0.2Oct+3.6Nov+2.7Dec
MonthAvg returnUp yearsYears
Jan+7.3%75%20
Feb−2.4%45%20
Mar+1.3%67%21
Apr+4.0%55%20
May−1.4%50%20
Jun−2.0%45%20
Jul+4.1%55%20
Aug+0.8%50%20
Sep−2.6%45%20
Oct−0.2%55%20
Nov+3.6%80%20
Dec+2.7%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1443.9
MFI44.9
ADX19.1
Stochastic %K / %D36.2 / 23.1
Williams %R-48.8
CCI-39
TSI / signal-22.1 / -21.0
Chaikin money flow0.03
ATR$3.21
Bollinger width11.7%
Volume vs 20-day avg1.22x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$115.52 (−1.7%)
SMA 50$121.28 (−6.4%)
SMA 200$123.85 (−8.3%)
EMA 21$115.19 (−1.4%)
EMA 50$119.13 (−4.7%)
EMA 200$122.09 (−7.0%)
Bollinger upper$122.28 (−7.1%)
Bollinger lower$108.77 (+4.4%)
Parabolic SAR$115.65 (−1.8%)
Open the live chart, 110+ indicators

About PulteGroup, Inc.

PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment is composed of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

https://www.pultegroupinc.com

Key executives

NameTitlePayBorn
Ryan R. MarshallPresident, Chief Executive Officer & Director$6.3M1975
Matthew KoartExecutive Vice President & Chief Operating Officer$3.0M1964
James L. OssowskiExecutive Vice President & Chief Financial Officer$2.1M1968
Todd N. SheldonExecutive Vice President, General Counsel & Corporate Secretary$1.4M1968
Kevin Alan HenryExecutive Vice President & Chief People Officer$1.0M1968
Lisa Johnson SharpVice President of Compliance——
Manish ShrivastavaVice President & Chief Marketing Officer—1970
Mike GuhlSenior Vice President & Chief Information Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
RYAN R. MARSHALL President and CEO2025$1.0M$9.1M$5.3M$15.4M
MATTHEW KOART EVP & COO2025$794,780$2.7M$2.0M$5.7M
ROBERT T. O’SHAUGHNESSY Former EVP & CFO2025$800,000$1.4M$1.9M$4.2M
JAMES L. OSSOWSKI EVP & CFO2025$650,000$1.8M$1.4M$3.9M
TODD N. SHELDON EVP GC & Corp Secretary2025$594,780$1.3M$726,658$2.7M
KEVIN A. HENRY EVP & Chief People Officer2025$550,000$1.0M$445,788$2.0M

Employees

5k20185k20195k20206k20217k20226k20237k20247k2025

Dividends

Ex-dateAmountPaid
2026-09-15$0.262026-10-02
2026-06-16$0.262026-07-02
2026-03-17$0.262026-04-02
2025-12-16$0.262026-01-06
2025-09-16$0.222025-10-02
2025-06-17$0.222025-07-02
2025-03-18$0.222025-04-02
2024-12-17$0.222025-01-03

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage67
Intangibles35
Switching costs31
Network effect40
Efficient scale95
Our component scores (0-100) and overall 50.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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