PulteGroup, Inc. (PHM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.81	$1.79	-1.1%	—	—	—
Q2 26	$2.89	$2.96	+2.4%	—	—	—
Q1 26	$2.97	$3.03	+2.0%	—	—	—
Q4 25	$2.42	$2.57	+6.2%	—	—	—
Q3 25	$3.27	$4.43	+35.5%	—	—	—
Q2 25	$3.18	$3.35	+5.3%	—	—	—
Q1 25	$3.27	$3.58	+9.5%	—	—	—
Q4 24	$2.36	$3.1	+31.4%	—	—	—
Q3 24	$3.23	$3.52	+9.0%	—	—	—
Q2 24	$2.82	$2.9	+2.8%	—	—	—
Q1 24	$2.54	$3	+18.1%	—	—	—
Q4 23	$1.82	$2.35	+29.1%	—	—	—
Q3 23	$2.92	$3.85	+31.8%	—	—	—
Q2 23	$2.81	$2.69	-4.3%	—	—	—
Q1 23	$2.63	$2.73	+3.8%	—	—	—
Q4 22	$1.73	$1.83	+5.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$11.2	—	—	$17.3B	—
FY24	—	$14.8	—	—	$17.9B	—
FY23	—	$11.8	—	—	$16.1B	—
FY22	—	$11.1	—	—	$16B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.7B	$8.6B	$10.2B	$10.2B	$11B	$13.7B	$16B	$16.1B	$17.9B	$17.3B
YoY change	+28.3%	+11.7%	+18.8%	+0.24%	+8.06%	+24.5%	+16.5%	+0.37%	+11.7%	-3.54%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.7B	8.6B	10.2B	10.2B	11B	13.7B	16B	16.1B	17.9B	17.3B
Cost of revenue	5.7B	6.7B	7.8B	7.8B	8.3B	10B	11.2B	11.3B	12.7B	12.7B
Gross profit	1.9B	1.9B	2.4B	2.4B	2.8B	3.8B	4.8B	4.7B	5.2B	4.6B
Gross margin	25.4%	21.7%	23.3%	23.5%	25.2%	27.5%	30.2%	29.4%	29.1%	26.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	957.1M	891.6M	1B	1B	1B	1.2B	1.4B	1.3B	1.3B	1.6B
Operating expenses	957.1M	891.6M	1B	1B	1B	1.2B	1.4B	1.3B	1.3B	1.6B
Operating income	976.9M	957.4M	1.3B	1.3B	1.7B	2.6B	3.4B	3.4B	3.9B	3B
Operating margin	12.7%	11.2%	13.2%	13.1%	15.8%	18.6%	21.5%	21.1%	21.7%	17.2%
Non-operating income, net	-45.6M	-20.6M	-7M	-15.4M	-20.9M	-48.8M	-4.3M	-8.1M	57M	-111.1M
Pretax income	933.9M	938.8M	1.3B	1.3B	1.7B	2.5B	3.4B	3.4B	4B	2.9B
Income tax	331.1M	491.6M	325.5M	322.9M	321.9M	563.5M	822.2M	846.9M	922.6M	692.6M
Net income	602.7M	447.2M	1B	1B	1.4B	1.9B	2.6B	2.6B	3.1B	2.2B
Net margin	7.85%	5.21%	10%	9.96%	12.7%	14.2%	16.4%	16.2%	17.2%	12.8%
EBITDA	1B	1B	1.4B	1.4B	1.8B	2.7B	3.6B	3.6B	4.1B	3.2B
EPS	1.76	1.45	3.56	3.67	5.19	7.44	11.1	11.8	14.8	11.2
Diluted EPS	1.75	1.44	3.55	3.66	5.18	7.43	11	11.7	14.7	11.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	4B	4.3B	3.9B	4.6B	4.5B	4.9B	3.9B	4.4B	4.4B	4.6B	3.4B	4B
Cost of revenue	2.8B	3B	2.8B	3.2B	3.2B	3.6B	2.8B	3.2B	3.2B	3.5B	2.6B	3B
Gross profit	1.2B	1.2B	1.2B	1.4B	1.3B	1.4B	1.1B	1.2B	1.2B	1.1B	822.1M	997.5M
Gross margin	29.5%	29.1%	29.7%	30.3%	29.1%	27.5%	27.4%	27.2%	26.4%	24.8%	24.1%	25%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	353.2M	308.3M	357.6M	361.1M	406.9M	195.6M	393.3M	390.5M	400.7M	389.5M	380.3M	383M
Operating expenses	353.2M	308.3M	357.6M	361.1M	406.9M	195.6M	393.3M	390.5M	400.7M	389.5M	380.3M	383M
Operating income	826.7M	938.6M	811.5M	1B	891.5M	1.2B	671.9M	805.5M	761.3M	739.9M	440.4M	613.1M
Operating margin	20.6%	21.9%	20.5%	22.4%	19.9%	23.5%	17.3%	18.3%	17.3%	16%	12.9%	15.4%
Non-operating income, net	1.4M	-11.5M	39.9M	965K	1.1M	15.1M	-904K	-7.7M	-5.2M	-97.3M	-4M	-1M
Pretax income	847.3M	946.8M	868.6M	1B	906.2M	1.2B	681.1M	807.2M	767.8M	655.2M	449.4M	622.4M
Income tax	208.5M	235.8M	205.7M	239.2M	208.3M	269.5M	158.3M	198.7M	182M	153.6M	102.4M	150.4M
Net income	638.8M	711M	663M	809.1M	697.9M	913.2M	522.8M	608.5M	585.8M	501.6M	347M	472M
Net margin	16%	16.6%	16.8%	17.6%	15.6%	18.6%	13.4%	13.8%	13.3%	10.9%	10.2%	11.9%
EBITDA	870.1M	981.6M	893.9M	1.1B	933.1M	1.2B	710.3M	843.7M	804.6M	792.5M	481.7M	654.5M
EPS	2.92	3.3	3.13	3.86	3.38	4.47	2.59	3.05	2.98	2.58	1.81	2.49
Diluted EPS	2.9	3.28	3.1	3.83	3.35	4.43	2.57	3.03	2.96	2.56	1.79	2.48

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.2B	—	7.4B	10.7B	11.6B	14.8B	10.7B	22.7B	22.7B	23.2B	22.7B
Enterprise value	8.5B	—	9.2B	12.1B	11.7B	14.8B	11.7B	22.9B	22.7B	22.9B	23.6B
Shares outstanding	339.7M	305.1M	283.6M	274.5M	268.6M	259.3M	235M	220M	208.1M	198M	198M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	10.4	—	7.21	10.5	8.23	7.61	4.09	8.72	7.35	10.5	12.2
P/S	0.81	—	0.72	1.04	1.05	1.08	0.67	1.41	1.26	1.34	1.38
P/B	1.34	—	1.53	1.95	1.76	1.98	1.2	2.19	1.87	1.79	1.72
EV/EBITDA	8.45	—	6.52	8.59	6.39	5.59	3.27	6.45	5.51	7.27	8.57
EV/Sales	1.11	—	0.91	1.19	1.06	1.08	0.73	1.43	1.26	1.32	1.44
Earnings yield	9.65%	—	13.9%	9.55%	12.1%	13.1%	24.5%	11.5%	13.6%	9.56%	8.22%
FCF yield	0.46%	—	18.8%	9.56%	14.9%	6.28%	5.19%	9.27%	6.89%	7.53%	4.75%
PEG	—	—	—	—	—	—	—	—	—	—	-0.66

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.4%	21.7%	23.3%	23.5%	25.2%	27.5%	30.2%	29.4%	29.1%	26.4%	25%
Operating margin	12.7%	11.2%	13.2%	13.1%	15.8%	18.6%	21.5%	21.1%	21.7%	17.2%	15.7%
Net margin	7.85%	5.21%	10%	9.96%	12.7%	14.2%	16.4%	16.2%	17.2%	12.8%	11.6%
ROE	12.9%	10.8%	21.2%	18.6%	21.4%	26%	29.4%	25.1%	25.4%	17.1%	14.9%
ROA	5.92%	4.62%	10%	9.49%	11.5%	14.6%	17.7%	16.2%	17.8%	12.3%	9.21%
ROIC	9.12%	6.72%	15.3%	14.6%	21.3%	26.4%	26.4%	24.1%	24.7%	17.9%	14.5%
Return on tangible assets	6.11%	4.76%	10.3%	9.71%	11.8%	14.9%	18%	16.4%	18%	12.4%	10.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	13	11.2	14.3	13	11.5	7.85	8.82	9.87	11.1	12.6	7.27
Quick ratio	2.99	2.02	3.47	3.16	3.87	2.26	1.74	2.3	2.62	3.25	0.77
Debt / equity	0.75	0.84	0.71	0.59	0.5	0.37	0.31	0.25	0.19	0.18	0.19
Debt / assets	0.34	0.36	0.34	0.3	0.27	0.21	0.18	0.16	0.13	0.13	0.13
Net debt / EBITDA	2.24	2.63	1.31	1.05	0.07	0.01	0.28	0.06	0	-0.09	0.15
Interest coverage	1.4K	1.9K	2.2K	2.3K	407.9	5K	12.1K	7.4K	8.4K	4.8K	4.1K
Effective tax rate	35.5%	52.4%	24.2%	24.1%	18.6%	22.5%	23.9%	24.6%	23%	23.8%	23.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	22.6	28.1	35.9	37.2	41.1	53	68.1	73	86.2	87.4	85
EPS (basic)	1.76	1.45	3.56	3.67	5.19	7.44	11.1	11.8	14.8	11.2	11.2
EPS (diluted)	1.75	1.44	3.55	3.66	5.18	7.43	11	11.7	14.7	11.1	9.79
Book value per share	13.7	13.6	17	19.9	24.5	28.9	37.9	47.2	58.2	65.6	69.3
FCF per share	0.09	2.07	4.9	3.71	6.43	3.59	2.37	9.57	7.51	8.83	7.94
Cash per share	3.65	2.76	5.54	6.29	11.7	10.5	7.36	10.6	10.8	13.1	7.13
Capex per share	—	—	—	—	—	—	—	—	—	0.62	0.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	0.71%	0.69%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	6.56%	7%
Payout ratio	20.7%	25.2%	10.2%	12%	9.25%	7.6%	5.51%	5.47%	5.44%	7.96%	10.2%
Dividend yield	2%	—	1.41%	1.15%	1.12%	1%	1.35%	0.63%	0.74%	0.76%	0.87%

Yield

0.87%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.26

ex-dividend Sep 15, 2026

Payout ratio

10%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.26
Jun 16, 2026	$0.26
Mar 17, 2026	$0.26

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$4B	$4.3B	$3.9B	$4.6B	$4.5B	$4.9B	$3.9B	$4.4B	$4.4B	$4.6B	$3.4B	$4B
YoY change	+2.78%	-17%	+10.4%	+9.81%	+11.8%	+14.6%	-1.43%	-4.26%	-1.6%	-6.32%	-12.4%	-9.56%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.2B	843.3M	1.6B	1.7B	3.1B	2.7B	1.7B	2.3B	2.2B	2.6B
Receivables	307.3M	213.4M	153M	118.4M	69.5M	57.5M	43.7M	26.9M	6.6M	252.3M
Inventory	6.8B	7.1B	7.3B	7.7B	7.7B	9B	11.3B	11.8B	12.7B	12.9B
Total current assets	8.8B	8.7B	9.6B	10.1B	11.6B	12.7B	14.1B	15.4B	16.6B	17.4B
Property, plant & equipment	77.4M	70.7M	92.9M	181.7M	203M	223.5M	273.7M	298.9M	347M	348.3M
Goodwill & intangibles	309.6M	282M	254.4M	250M	326.9M	293.8M	271.6M	250.5M	230.5M	133.2M
Total assets	10.2B	9.7B	10.2B	10.7B	12.2B	13.4B	14.8B	16.1B	17.4B	18B
Accounts payable	405.5M	393.8M	352M	435.9M	511.3M	621.2M	566M	619M	728M	646.3M
Short-term debt	35.1M	34.6M	50.3M	25.2M	12M	—	—	—	—	—
Total current liabilities	679M	782.1M	670.8M	778.8M	1B	1.6B	1.6B	1.6B	1.5B	1.4B
Long-term debt	3.5B	3.4B	3.4B	3.2B	3.3B	2.7B	2.7B	2.6B	2.3B	2.3B
Total liabilities	5.5B	5.5B	5.4B	5.3B	5.6B	5.9B	5.9B	5.7B	5.2B	5.1B
Shareholders' equity	4.7B	4.2B	4.8B	5.5B	6.6B	7.5B	8.9B	10.4B	12.1B	13B
Total debt	3.5B	3.5B	3.4B	3.2B	3.3B	2.7B	2.7B	2.6B	2.3B	2.3B
Net debt	2.8B	3.2B	2.3B	2B	685.3M	968.7M	1.7B	746.8M	641.2M	315.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.8B	1.8B	1.7B	1.4B	1.4B	1.6B	1.2B	1.2B	1.9B	2.6B	2.3B	1.9B
Receivables	—	—	—	—	—	—	—	—	—	252.3M	—	—
Inventory	—	—	—	—	—	—	—	—	13.4B	12.9B	13.3B	13.7B
Total current assets	—	—	—	—	—	—	—	—	15.3B	17.4B	15.7B	15.6B
Property, plant & equipment	—	—	—	—	—	—	—	—	—	348.3M	—	—
Goodwill & intangibles	127.9M	—	122.7M	120.2M	—	115.2M	112.9M	110.6M	216.5M	133.2M	130.3M	127.5M
Total assets	—	—	—	—	—	—	—	—	17.9B	18B	18.2B	18.3B
Accounts payable	—	—	—	—	—	—	—	—	731.1M	646.3M	688.5M	717.9M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	2.5B	1.4B	2.5B	2.5B
Long-term debt	—	—	—	—	—	—	—	—	2B	2.3B	2.3B	2.3B
Total liabilities	—	—	—	—	—	—	—	—	5B	5.1B	5.2B	5.2B
Shareholders' equity	—	—	—	—	—	—	—	—	12.8B	13B	13B	13B
Total debt	—	—	—	—	—	—	—	—	2B	2.3B	2.3B	2.3B
Net debt	—	—	—	—	—	—	—	—	576M	315.8M	468.8M	962.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	602.7M	447.2M	1B	1B	1.4B	1.9B	2.6B	2.6B	3.1B	2.2B
Depreciation & amortization	54M	51M	49.4M	54M	66.1M	70M	70.9M	80.8M	89.2M	112.5M
Stock-based compensation	22.2M	33.7M	28.3M	28.4M	32.8M	36.7M	43M	48.2M	54.7M	54.8M
Change in working capital	-1.1B	-459.2M	-68.4M	-226.6M	-1.4M	-1.2B	-2.1B	-483.7M	-1.7B	-731.1M
Operating cash flow	-97M	493.3M	1.4B	979M	1.6B	957.6M	774.8M	2.4B	1.7B	1.9B
Capital expenditure	—	—	—	—	—	—	—	—	—	-122.7M
Investing cash flow	-431.9M	-18.2M	7.3M	-166.8M	-77.5M	-105.3M	-80.8M	-40.2M	14.9M	-144.2M
Dividends paid	-124.7M	-112.7M	-104M	-122.3M	-130.2M	-147.8M	-144.1M	-142.5M	-167.7M	-176.7M
Share repurchases	-603.2M	-916.3M	-302.5M	-285.8M	-185.5M	-908.1M	-1.1B	-1B	-1.2B	-1.2B
Financing cash flow	344.9M	-1.1B	-586.8M	-751.4M	-995.7M	-1.7B	-1.2B	-1.3B	-1.8B	-1.4B
Net change in cash	-184M	-588.6M	810.9M	60.9M	568.9M	-826.2M	-541.8M	1B	-44.5M	291.4M
Free cash flow	29M	631M	1.4B	1B	1.7B	931.2M	555.8M	2.1B	1.6B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	638.8M	711M	663M	809.1M	697.9M	913.2M	522.8M	608.5M	585.8M	501.6M	347M	472M
Depreciation & amortization	20.6M	21.1M	21.1M	21.8M	22.1M	24.2M	24.7M	25M	25.8M	37M	24.5M	25.4M
Stock-based compensation	10.4M	9.8M	16.6M	12.5M	10.2M	15.4M	18.1M	12.8M	12.2M	11.6M	19.4M	14.9M
Change in working capital	-256.3M	-430.8M	-465.2M	-481.1M	-310.6M	-420M	-476.7M	-377.3M	-2.5M	125.4M	-253M	-517.4M
Operating cash flow	458.7M	308.8M	276.4M	418.5M	458.2M	569.2M	132.9M	286.7M	678.4M	771.1M	159.8M	17.1M
Capital expenditure	—	—	—	—	—	—	—	—	-27.3M	-31.3M	-25.4M	-29.9M
Investing cash flow	-18.6M	-10.4M	-6.2M	-8.1M	-8.9M	38.2M	-10.1M	-4.3M	-31.2M	-34.4M	-27.9M	-65.3M
Dividends paid	-35.4M	-34.8M	-42.7M	-42.2M	-41.7M	-41.1M	-45.8M	-44.3M	-43.6M	-43M	-52M	-49.8M
Share repurchases	-300M	-301.6M	-263.4M	-314.2M	-320.8M	-320.1M	-323.4M	-300.3M	-300.5M	-300M	-345M	-374.2M
Financing cash flow	-294.9M	-304.7M	-296M	-688M	-404.6M	-382.9M	-472.3M	-296.6M	-441.2M	-231M	-300.2M	-420.3M
Net change in cash	145.1M	-6.3M	-25.8M	-277.6M	44.7M	224.5M	-349.5M	-14.3M	206M	505.7M	-168.4M	-468.5M
Free cash flow	435.3M	263.8M	215.7M	386.2M	417.2M	543.1M	104.6M	253M	651.1M	739.8M	134.4M	-12.8M

Date	Ratio
Sep 2, 2005	2:1
Jan 5, 2004	2:1
Jun 2, 1998	2:1
May 31, 1983	2:1
Dec 16, 1982	2:1
Sep 8, 1980	2:1

PulteGroup, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history