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PulteGroup (PHM) Financials

PulteGroup logo
$117.52 +0.70 (+0.60%)
Closing price 03:59 PM Eastern
Extended Trading
$117.54 +0.03 (+0.02%)
As of 07:48 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for PulteGroup

Annual Income Statements for PulteGroup

This table shows PulteGroup's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 494 603 447 1,022 1,017 1,407 1,946 2,567 2,602 3,039 2,219
Consolidated Net Income / (Loss)		 494 603 447 1,022 1,017 1,407 1,946 2,617 2,602 3,083 2,219
Net Income / (Loss) Continuing Operations		 494 603 447 1,022 1,017 1,407 1,946 2,567 2,602 3,039 2,219
Total Pre-Tax Income 		816 934 939 1,348 1,340 1,729 2,510 3,440 3,449 4,006 2,911
Total Operating Income		 833 991 971 1,361 1,353 1,747 2,574 3,453 3,407 3,900 2,999
Total Gross Profit		 1,628 1,948 1,863 2,373 2,397 2,954 3,951 5,015 4,907 5,445 4,804
Total Revenue		 5,982 7,677 8,578 10,188 10,213 11,036 13,737 16,003 16,062 17,947 17,312
Operating Revenue		 5,982 7,677 8,578 10,188 10,213 11,036 13,737 16,003 16,062 17,947 17,312
Total Cost of Revenue		 4,354 5,729 6,715 7,815 7,816 8,082 9,786 10,988 11,155 12,502 12,507
Operating Cost of Revenue		 4,354 5,729 6,715 7,815 7,816 8,082 9,786 10,988 11,155 12,502 12,507
Total Operating Expenses		 795 957 892 1,012 1,044 1,207 1,377 1,562 1,500 1,545 1,806
Selling, General & Admin Expense		 795 957 892 1,012 1,044 1,011 1,209 1,381 1,313 1,321 1,574
Other Operating Expenses / (Income)		 - - - - - 175 168 181 187 224 232
Total Other Income / (Expense), net		 -17 -57 -32 -14 -8.55 -18 -81 -64 38 62 -92
Other Income / (Expense), net		 -17 -57 -32 -14 -8.55 -18 -20 -64 38 62 -92
Income Tax Expense		 322 331 492 326 323 322 564 822 847 923 693
Basic Earnings per Share		 $1.38 $1.76 $1.45 $3.56 $3.67 $5.19 $7.44 $11.07 $11.79 $14.82 $11.21
Weighted Average Basic Shares Outstanding		 356.58M 339.75M 305.09M 283.58M 274.50M 268.55M 259.29M 235.01M 219.96M 208.11M 197.97M
Diluted Earnings per Share		 $1.36 $1.75 $1.44 $3.55 $3.66 $5.18 $7.43 $11.01 $11.72 $14.69 $11.12
Weighted Average Diluted Shares Outstanding		 359.79M 342.12M 306.81M 284.87M 275.30M 269.41M 259.93M 236.17M 221.16M 209.83M 199.54M
Weighted Average Basic & Diluted Shares Outstanding		 358M 342.40M 308.40M 283.58M 269.98M 265.89M 248.65M 225.60M 212.11M 202.46M 192.33M
Cash Dividends to Common per Share		 $0.33 $0.36 $0.36 $0.38 $0.45 $0.50 $0.57 $0.61 $0.68 $0.82 $0.92

Quarterly Income Statements for PulteGroup

This table shows PulteGroup's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 639 711 663 809 698 869 523 608 586 502 347
Consolidated Net Income / (Loss)		 639 711 663 809 698 913 523 608 586 502 347
Net Income / (Loss) Continuing Operations		 639 711 663 809 698 869 523 608 586 502 347
Total Pre-Tax Income 		847 947 869 1,048 906 1,183 681 807 768 655 449
Total Operating Income		 829 941 814 1,033 894 1,159 674 808 764 753 442
Total Gross Profit		 1,182 1,437 1,172 1,394 1,301 1,579 1,068 1,198 1,164 1,374 822
Total Revenue		 4,004 4,294 3,949 4,600 4,476 4,922 3,893 4,404 4,405 4,611 3,409
Operating Revenue		 4,004 4,294 3,949 4,600 4,476 4,922 3,893 4,404 4,405 4,611 3,409
Total Cost of Revenue		 2,821 2,857 2,778 3,206 3,175 3,343 2,825 3,206 3,241 3,236 2,586
Operating Cost of Revenue		 2,821 2,857 2,778 3,206 3,175 3,343 2,825 3,206 3,241 3,236 2,586
Total Operating Expenses		 353 496 358 361 407 420 393 390 401 621 380
Selling, General & Admin Expense		 353 308 358 361 407 196 393 390 401 389 380
Total Other Income / (Expense), net		 18 0.66 55 15 12 -20 6.86 -0.60 4.18 -102 7.62
Interest & Investment Income		 0.89 - 38 2.17 2.51 - 0.50 0.41 2.42 - 0.88
Other Income / (Expense), net		 17 5.37 17 13 9.70 22 6.36 -1.01 1.76 -99 6.75
Income Tax Expense		 209 236 206 239 208 269 158 199 182 154 102
Basic Earnings per Share		 $2.92 $3.29 $3.13 $3.86 $3.38 $4.45 $2.59 $3.05 $2.98 $2.59 $1.81
Weighted Average Basic Shares Outstanding		 218.29M 219.96M 211.84M 209.55M 206.77M 208.11M 202.06M 199.24M 196.54M 197.97M 192.09M
Diluted Earnings per Share		 $2.90 $3.26 $3.10 $3.83 $3.35 $4.41 $2.57 $3.03 $2.96 $2.56 $1.79
Weighted Average Diluted Shares Outstanding		 219.68M 221.16M 213.55M 211.20M 208.46M 209.83M 203.66M 200.68M 198.14M 199.54M 193.40M
Weighted Average Basic & Diluted Shares Outstanding		 219.68M 212.11M 210.34M 207.52M 205.08M 202.46M 200.43M 197.30M 194.92M 192.33M 190.49M
Cash Dividends to Common per Share		 $0.16 $0.20 $0.20 $0.20 $0.20 $0.22 $0.22 $0.22 $0.22 $0.26 $0.26

Annual Cash Flow Statements for PulteGroup

This table details how cash moves in and out of PulteGroup's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -534 -52 -417 828 118 1,381 -799 -739 755 -195 355
Net Cash From Operating Activities		 -338 68 663 1,448 1,076 1,784 1,004 668 2,197 1,681 1,871
Net Cash From Continuing Operating Activities		 -338 68 663 1,448 1,076 1,784 1,004 668 2,197 1,681 1,871
Net Income / (Loss) Continuing Operations		 494 603 447 1,022 1,017 1,407 1,946 2,617 2,602 3,083 2,219
Consolidated Net Income / (Loss)		 494 603 447 1,022 1,017 1,407 1,946 2,617 2,602 3,083 2,219
Depreciation Expense		 46 54 51 49 54 66 70 71 81 89 113
Non-Cash Adjustments To Reconcile Net Income		 31 44 224 124 62 72 97 110 90 34 260
Changes in Operating Assets and Liabilities, net		 -909 -632 -59 253 -56 239 -1,109 -2,129 -576 -1,526 -720
Net Cash From Investing Activities		 -35 -471 -50 -40 -225 -108 -124 -172 -129 -94 -80
Net Cash From Continuing Investing Activities		 -35 -471 -50 -40 -225 -108 -124 -172 -129 -94 -80
Purchase of Property, Plant & Equipment		 -45 -39 -32 -59 -58 -58 -73 -113 -92 -119 -123
Acquisitions		 -0.45 -445 -23 -1.00 -173 -84 -112 -75 -23 -16 -16
Sale and/or Maturity of Investments		 - - - 11 0.21 28 54 22 3.27 9.18 64
Other Investing Activities, net		 11 13 4.85 8.29 6.46 6.47 6.71 -5.69 -17 31 -5.71
Net Cash From Financing Activities		 -162 351 -1,030 -580 -734 -296 -1,679 -1,236 -1,313 -1,782 -1,436
Net Cash From Continuing Financing Activities		 -162 351 -1,030 -580 -734 -296 -1,679 -1,236 -1,313 -1,782 -1,436
Repayment of Debt		 -237 -1,542 -2,855 -1,657 -332 -680 -623 -2,924 -212 -330 -21
Repurchase of Preferred Equity		 - - - - - - - 0.00 0.00 -9.69 -12
Repurchase of Common Equity		 -443 -603 -910 -295 -274 -171 -897 -1,075 -1,000 -1,200 -1,200
Payment of Dividends		 -116 -125 -113 -104 -122 -130 -148 -144 -142 -168 -177
Other Financing Activities, net		 - - -6.00 -97 -11 -15 -11 38 41 -74 -27
Cash Interest Paid		 -4.19 -27 - - 5.61 3.06 11 1.80 11 26 17
Cash Income Taxes Paid		 -5.65 2.74 15 89 137 264 457 642 784 740 699

Quarterly Cash Flow Statements for PulteGroup

This table details how cash moves in and out of PulteGroup's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 122 -50 -83 -320 9.17 199 -378 -8.56 212 529 -165
Net Cash From Operating Activities		 458 288 240 417 456 568 134 288 678 771 160
Net Cash From Continuing Operating Activities		 458 288 240 417 456 568 134 288 678 771 160
Net Income / (Loss) Continuing Operations		 639 711 663 809 698 913 523 608 586 502 347
Consolidated Net Income / (Loss)		 639 711 663 809 698 913 523 608 586 502 347
Depreciation Expense		 21 21 21 22 22 24 25 25 26 37 25
Non-Cash Adjustments To Reconcile Net Income		 16 35 -16 16 20 15 43 32 37 148 32
Changes in Operating Assets and Liabilities, net		 -217 -479 -428 -429 -284 -385 -456 -378 30 84 -244
Net Cash From Investing Activities		 -41 -34 -27 -39 -42 14 -40 0.55 -25 -16 -25
Net Cash From Continuing Investing Activities		 -41 -34 -27 -39 -42 14 -40 0.55 -25 -16 -25
Purchase of Property, Plant & Equipment		 -22 -25 -24 -31 -39 -24 -30 -35 -27 -31 -25
Acquisitions		 -10 -5.34 -3.96 -5.14 -6.01 -0.93 -6.68 -1.28 -1.22 -6.57 -2.92
Sale and/or Maturity of Investments		 0.10 0.95 3.40 0.08 5.54 0.16 0.00 39 6.25 18 3.01
Other Investing Activities, net		 -8.45 -5.03 -2.26 -3.01 -2.94 39 -3.45 -3.06 -2.69 3.49 0.38
Net Cash From Financing Activities		 -295 -305 -296 -698 -405 -383 -472 -297 -441 -226 -300
Net Cash From Continuing Financing Activities		 -295 -305 -296 -698 -405 -383 -472 -297 -441 -226 -300
Repayment of Debt		 39 38 24 -317 -32 -4.09 -103 65 -96 113 -700
Repurchase of Common Equity		 -300 -300 -246 -314 -320 -320 -300 -300 -300 -300 -308
Payment of Dividends		 -35 -35 -43 -42 -42 -41 -46 -44 -44 -43 -52
Issuance of Debt		 - - - - - - 0.00 - - - 795
Other Financing Activities, net		 1.53 -7.56 -31 -24 -11 -8.01 -24 -5.84 -2.08 4.66 -35
Cash Interest Paid		 8.29 -0.26 7.25 5.96 6.93 5.91 3.34 4.75 4.82 4.34 4.51
Cash Income Taxes Paid		 166 238 1.02 364 181 193 70 323 141 165 3.91

Annual Balance Sheets for PulteGroup

This table presents PulteGroup's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 9,189 10,178 9,687 10,173 10,716 12,205 13,353 14,797 16,087 17,364 18,048
Total Current Assets		 6,307 7,526 7,522 8,424 8,956 10,382 10,881 12,421 13,645 14,347 14,934
Cash & Equivalents		 754 699 273 1,110 1,218 2,582 1,779 1,053 1,807 1,613 1,981
Restricted Cash		 21 24 33 24 34 50 54 41 43 40 28
Inventories, net		 5,532 6,802 7,216 7,290 7,705 7,750 9,048 11,326 11,795 12,693 12,925
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 2,882 2,653 2,165 1,749 1,760 1,824 2,471 2,376 2,443 3,017 3,114
Long-Term Investments		 41 51 63 55 60 36 98 147 167 215 167
Noncurrent Note & Lease Receivables		 443 539 571 461 509 565 947 677 516 630 614
Goodwill		 - - - - - - - 69 69 69 40
Intangible Assets		 110 155 141 127 125 163 147 67 56 46 26
Noncurrent Deferred & Refundable Income Taxes		 1,395 1,049 645 276 170 136 139 82 65 55 49
Other Noncurrent Operating Assets		 893 857 745 830 896 923 1,140 1,334 1,569 2,002 2,217
Total Liabilities & Shareholders' Equity		 9,189 10,178 9,687 10,173 10,716 12,205 13,353 14,797 16,087 17,364 18,048
Total Liabilities		 4,430 5,519 5,533 5,355 5,257 5,636 5,863 5,882 5,704 5,242 5,063
Total Current Liabilities		 2,088 2,058 2,088 1,979 1,871 2,368 2,198 2,251 2,265 2,140 2,512
Accounts Payable		 328 405 394 352 436 511 621 566 619 728 725
Accrued Expenses		 1,517 1,430 1,356 1,360 1,435 1,407 1,576 1,685 1,646 1,412 1,338
Current Deferred & Payable Income Tax Liabilities		 57 35 87 12 - - - - - - 448
Total Noncurrent Liabilities		 2,342 3,461 3,445 3,376 3,386 3,268 3,665 3,631 3,439 3,102 2,551
Long-Term Debt		 2,342 3,461 3,445 3,376 3,092 3,164 2,029 2,046 1,962 1,619 1,631
Noncurrent Deferred Revenue		 - - - - 294 - 845 784 675 513 388
Other Noncurrent Operating Liabilities		 - - - - - - 626 587 500 527 532
Total Equity & Noncontrolling Interests		 4,759 4,659 4,154 4,818 5,458 6,570 7,490 8,914 10,383 12,122 12,985
Total Preferred & Common Equity		 4,759 4,659 4,154 4,818 5,458 6,570 7,490 8,914 10,383 12,122 12,985
Total Common Equity		 4,759 4,659 4,154 4,818 5,458 6,570 7,490 8,914 10,383 12,122 12,985
Common Stock		 3,097 3,120 3,174 3,204 3,238 3,264 3,293 3,332 3,371 3,427 12,985

Quarterly Balance Sheets for PulteGroup

This table presents PulteGroup's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 15,226 15,717 16,087 16,496 16,544 16,955 17,364 17,337 17,588 17,851 18,196
Total Current Assets		 13,113 13,485 13,645 13,873 13,770 14,122 14,319 14,235 14,483 14,832 15,144
Cash & Equivalents		 1,729 1,848 1,807 1,720 1,393 1,398 1,613 1,236 1,234 1,452 1,807
Restricted Cash		 49 51 43 47 53 57 40 40 33 28 36
Inventories, net		 11,335 11,585 11,795 12,107 12,324 12,667 12,666 12,959 13,216 13,352 13,301
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 2,113 2,232 2,443 2,623 2,774 2,833 3,044 3,101 3,104 3,019 3,052
Long-Term Investments		 151 162 167 204 210 213 215 221 182 179 168
Noncurrent Note & Lease Receivables		 432 414 516 571 569 557 630 643 582 486 509
Goodwill		 69 69 69 69 69 69 69 69 69 69 40
Intangible Assets		 62 59 56 54 51 49 46 44 42 39 25
Noncurrent Deferred & Refundable Income Taxes		 69 66 65 62 54 48 55 53 52 50 48
Other Noncurrent Operating Assets		 1,330 1,462 1,569 1,663 1,820 1,898 2,029 2,072 2,179 2,196 2,261
Total Liabilities & Shareholders' Equity		 15,226 15,717 16,087 16,496 16,544 16,955 17,364 17,337 17,588 17,851 18,196
Total Liabilities		 5,521 5,705 5,704 5,734 5,321 5,391 5,242 5,036 5,013 5,025 5,242
Total Current Liabilities		 2,375 2,528 2,265 2,544 2,493 2,645 2,140 2,442 2,891 2,997 2,966
Accounts Payable		 543 568 619 575 652 705 728 682 713 731 689
Accrued Expenses		 1,536 1,629 1,646 1,632 1,460 1,539 1,412 1,297 1,198 1,305 1,354
Customer Deposits		 - - - - - - - - 521 471 467
Current Deferred & Payable Income Tax Liabilities		 295 331 - 337 381 401 - 462 460 490 457
Total Noncurrent Liabilities		 3,146 3,177 3,439 3,190 2,829 2,746 3,102 2,594 2,121 2,028 2,276
Long-Term Debt		 2,033 1,981 1,962 1,957 1,650 1,624 1,619 1,626 1,623 1,623 1,821
Other Noncurrent Operating Liabilities		 316 425 500 534 524 524 527 427 498 404 455
Total Equity & Noncontrolling Interests		 9,705 10,013 10,383 10,762 11,223 11,564 12,122 12,301 12,575 12,826 12,954
Total Preferred & Common Equity		 9,705 10,013 10,383 10,762 11,223 11,564 12,122 12,301 12,575 12,826 12,954
Total Common Equity		 9,705 10,013 10,383 10,762 11,223 11,564 12,122 12,301 12,575 12,826 12,954
Common Stock		 9,705 10,013 3,371 10,762 11,223 11,564 3,427 12,301 12,575 12,826 12,954

Annual Metrics And Ratios for PulteGroup

This table displays calculated financial ratios and metrics derived from PulteGroup's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.74% 28.33% 11.74% 18.78% 0.24% 8.06% 24.47% 16.50% 0.37% 11.74% -3.54%
EBITDA Growth		 18.18% 14.57% 0.20% 41.13% 0.11% 28.34% 46.21% 31.85% 1.90% 14.90% -25.46%
EBIT Growth		 18.31% 14.44% 0.53% 43.53% -0.23% 28.57% 47.75% 32.68% 1.65% 15.01% -26.62%
NOPAT Growth		 2.41% 26.71% -27.64% 123.18% -0.54% 38.41% 40.42% 31.66% -2.18% 16.78% -23.87%
Net Income Growth		 4.16% 21.98% -25.80% 128.53% -0.52% 38.37% 38.35% 34.48% -0.57% 18.48% -28.04%
EPS Growth		 7.94% 28.68% -17.71% 146.53% 3.10% 41.53% 43.44% 48.18% 6.45% 25.34% -24.30%
Operating Cash Flow Growth		 -209.65% 120.22% 871.26% 118.42% -25.70% 65.83% -43.73% -33.42% 228.63% -23.49% 11.33%
Free Cash Flow Firm Growth		 -289.79% -15.00% 237.37% 117.13% -36.77% 100.62% -7.42% -66.36% 294.80% -25.50% 17.59%
Invested Capital Growth		 16.08% 16.87% -1.58% -3.09% 3.32% -2.38% 7.37% 28.09% 6.29% 14.93% 4.79%
Revenue Q/Q Growth		 4.16% 6.07% 3.55% 2.05% 0.17% 2.13% 7.19% 6.03% -4.66% 3.63% -1.77%
EBITDA Q/Q Growth		 12.74% 4.41% -0.65% -5.34% 8.74% 5.36% 13.38% 8.77% -4.52% 6.25% -14.54%
EBIT Q/Q Growth		 13.32% 4.52% -0.53% -5.56% 9.03% 5.33% 13.83% 8.89% -4.67% 6.31% -15.34%
NOPAT Q/Q Growth		 -0.48% 10.22% -31.18% 18.92% 10.31% 8.19% 11.87% 8.70% -5.95% 6.68% -12.25%
Net Income Q/Q Growth		 2.26% 8.10% -30.45% 18.59% 10.69% 7.84% 13.08% 9.13% -6.17% 7.02% -15.65%
EPS Q/Q Growth		 3.03% 10.76% -27.27% 19.13% 11.93% 8.14% 15.02% 12.00% -4.09% 8.49% -14.26%
Operating Cash Flow Q/Q Growth		 -143.13% 117.10% 5.71% 1.59% 5.90% 1.39% -5.81% 340.15% -23.74% 19.92% 12.20%
Free Cash Flow Firm Q/Q Growth		 -156.79% 52.48% -12.05% 10.31% 4.73% 3.08% 62.67% 51.33% -31.96% 19.05% 28.72%
Invested Capital Q/Q Growth		 5.42% -1.11% -2.86% -2.31% -1.44% -0.64% -5.04% -3.58% 4.00% 3.05% -2.74%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.22% 25.37% 21.72% 23.30% 23.47% 26.76% 28.76% 31.34% 30.55% 30.34% 27.75%
EBITDA Margin		 14.41% 12.87% 11.54% 13.71% 13.69% 16.26% 19.10% 21.62% 21.95% 22.57% 17.44%
Operating Margin		 13.93% 12.91% 11.32% 13.36% 13.25% 15.83% 18.74% 21.58% 21.21% 21.73% 17.32%
EBIT Margin		 13.64% 12.17% 10.95% 13.23% 13.16% 15.66% 18.59% 21.18% 21.45% 22.07% 16.79%
Profit (Net Income) Margin		 8.26% 7.85% 5.21% 10.03% 9.96% 12.75% 14.17% 16.36% 16.20% 17.18% 12.82%
Tax Burden Percent		 60.55% 64.54% 47.64% 75.84% 75.90% 81.38% 77.55% 76.09% 75.45% 76.97% 76.21%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 99.63% 100.00% 98.27% 101.50% 100.13% 101.12% 100.14%
Effective Tax Rate		 39.45% 35.46% 52.36% 24.16% 24.10% 18.62% 22.45% 23.91% 24.55% 23.03% 23.79%
Return on Invested Capital (ROIC)		 8.63% 9.38% 6.35% 14.51% 14.42% 19.87% 27.24% 30.37% 25.64% 27.04% 18.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.64% 7.64% 5.81% 14.11% 13.90% 18.60% 10.55% 28.05% 34.17% -26.54% 35.54%
Return on Net Nonoperating Assets (RNNOA)		 1.71% 3.42% 3.80% 8.28% 5.37% 3.52% 0.45% 1.54% 1.33% 0.36% -1.13%
Return on Equity (ROE)		 10.33% 12.80% 10.15% 22.78% 19.79% 23.39% 27.69% 31.91% 26.97% 27.40% 17.67%
Cash Return on Invested Capital (CROIC)		 -6.26% -6.18% 7.94% 17.65% 11.15% 22.28% 20.14% 5.74% 19.55% 13.15% 14.12%
Operating Return on Assets (OROA)		 9.19% 9.64% 9.45% 13.57% 12.87% 15.08% 19.99% 24.08% 22.31% 23.69% 16.42%
Return on Assets (ROA)		 5.56% 6.22% 4.50% 10.29% 9.73% 12.28% 15.23% 18.60% 16.85% 18.43% 12.53%
Return on Common Equity (ROCE)		 10.33% 12.80% 10.15% 22.78% 19.79% 23.39% 27.69% 31.91% 26.97% 27.40% 17.67%
Return on Equity Simple (ROE_SIMPLE)		 10.38% 12.94% 10.77% 21.21% 18.63% 21.41% 25.99% 29.36% 25.06% 25.44% 0.00%
Net Operating Profit after Tax (NOPAT)		 505 639 463 1,033 1,027 1,421 1,996 2,628 2,570 3,002 2,285
NOPAT Margin		 8.44% 8.33% 5.39% 10.13% 10.06% 12.88% 14.53% 16.42% 16.00% 16.73% 13.20%
Net Nonoperating Expense Percent (NNEP)		 0.98% 1.74% 0.54% 0.40% 0.52% 1.27% 16.69% 2.32% -8.53% 53.58% -16.74%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 23.98% 20.82% 21.85% 15.64%
Cost of Revenue to Revenue		 72.78% 74.63% 78.28% 76.70% 76.53% 73.24% 71.24% 68.66% 69.45% 69.66% 72.25%
SG&A Expenses to Revenue		 13.29% 12.47% 10.39% 9.93% 10.23% 9.16% 8.80% 8.63% 8.17% 7.36% 9.09%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 13.29% 12.47% 10.39% 9.93% 10.23% 10.94% 10.03% 9.76% 9.34% 8.61% 10.43%
Earnings before Interest and Taxes (EBIT)		 816 934 939 1,348 1,345 1,729 2,554 3,389 3,445 3,962 2,907
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 862 988 990 1,397 1,399 1,795 2,624 3,460 3,526 4,051 3,020
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.17 1.19 2.18 1.42 1.83 1.69 1.88 1.15 2.13 1.84 1.76
Price to Tangible Book Value (P/TBV)		 1.20 1.23 2.25 1.46 1.88 1.74 1.92 1.16 2.15 1.86 1.77
Price to Revenue (P/Rev)		 0.93 0.72 1.05 0.67 0.98 1.01 1.03 0.64 1.38 1.24 1.32
Price to Earnings (P/E)		 11.28 9.21 20.23 6.70 9.84 7.91 7.24 3.98 8.49 7.35 10.30
Dividend Yield		 2.07% 2.15% 1.17% 1.56% 1.22% 1.20% 1.02% 1.36% 0.66% 0.75% 0.78%
Earnings Yield		 8.87% 10.86% 4.94% 14.92% 10.17% 12.64% 13.81% 25.14% 11.77% 13.61% 9.71%
Enterprise Value to Invested Capital (EV/IC)		 1.13 1.12 1.68 1.29 1.63 1.65 1.87 1.13 2.13 1.86 1.79
Enterprise Value to Revenue (EV/Rev)		 1.19 1.07 1.41 0.89 1.15 1.05 1.03 0.69 1.37 1.23 1.29
Enterprise Value to EBITDA (EV/EBITDA)		 8.23 8.34 12.25 6.47 8.42 6.48 5.41 3.18 6.25 5.45 7.39
Enterprise Value to EBIT (EV/EBIT)		 8.70 8.82 12.91 6.71 8.76 6.73 5.56 3.25 6.40 5.57 7.67
Enterprise Value to NOPAT (EV/NOPAT)		 14.06 12.88 26.20 8.75 11.47 8.18 7.11 4.19 8.58 7.36 9.76
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 120.62 18.28 6.24 10.95 6.52 14.13 16.48 10.04 13.14 11.92
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 20.95 7.19 14.83 7.30 9.62 22.19 11.25 15.13 13.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.49 0.74 0.83 0.70 0.57 0.48 0.27 0.23 0.19 0.13 0.13
Long-Term Debt to Equity		 0.49 0.74 0.83 0.70 0.57 0.48 0.27 0.23 0.19 0.13 0.13
Financial Leverage		 0.22 0.45 0.65 0.59 0.39 0.19 0.04 0.06 0.04 -0.01 -0.03
Leverage Ratio		 1.86 2.06 2.25 2.21 2.03 1.91 1.82 1.72 1.60 1.49 1.41
Compound Leverage Factor		 1.86 2.06 2.25 2.21 2.03 1.91 1.79 1.74 1.60 1.50 1.41
Debt to Total Capital		 32.98% 42.62% 45.33% 41.21% 36.16% 32.51% 21.32% 18.66% 15.89% 11.78% 11.16%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.98% 42.62% 45.33% 41.21% 36.16% 32.51% 21.32% 18.66% 15.89% 11.78% 11.16%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 67.02% 57.38% 54.67% 58.79% 63.84% 67.49% 78.68% 81.34% 84.11% 88.22% 88.84%
Debt to EBITDA		 2.72 3.50 3.48 2.42 2.21 1.76 0.77 0.59 0.56 0.40 0.54
Net Debt to EBITDA		 1.77 2.72 3.11 1.57 1.27 0.28 0.04 0.23 -0.02 -0.06 -0.18
Long-Term Debt to EBITDA		 2.72 3.50 3.48 2.42 2.21 1.76 0.77 0.59 0.56 0.40 0.54
Debt to NOPAT		 4.64 5.41 7.45 3.27 3.01 2.23 1.02 0.78 0.76 0.54 0.71
Net Debt to NOPAT		 3.02 4.20 6.65 2.12 1.73 0.35 0.05 0.31 -0.02 -0.08 -0.24
Long-Term Debt to NOPAT		 4.64 5.41 7.45 3.27 3.01 2.23 1.02 0.78 0.76 0.54 0.71
Altman Z-Score		 2.50 2.52 3.00 3.19 3.59 3.72 4.32 4.23 5.49 5.89 5.77
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.02 3.66 3.60 4.26 4.79 4.38 4.95 5.52 6.02 6.69 6.09
Quick Ratio		 0.36 0.34 0.13 0.56 0.65 1.09 0.81 0.47 0.80 0.75 0.81
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -366 -421 579 1,256 794 1,594 1,475 496 1,959 1,460 1,716
Operating Cash Flow to CapEx		 -742.94% 173.74% 2,068.83% 2,453.09% 1,851.38% 3,057.79% 1,379.51% 593.34% 2,382.58% 1,417.85% 1,524.86%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 24.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 16.33 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 15.15 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.67 0.79 0.86 1.03 0.98 0.96 1.08 1.14 1.04 1.07 0.98
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.87 0.93 0.96 1.08 1.04 1.05 1.17 1.08 0.96 1.02 0.98
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 14.56 15.63 16.80 20.96 19.84 17.07 17.28 18.51 18.83 18.56 17.22
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 420.21 392.93 380.98 338.75 350.14 348.96 313.25 338.39 378.28 357.09 373.80
Days Payable Outstanding (DPO)		 25.08 23.36 21.72 17.42 18.40 21.39 21.12 19.72 19.39 19.66 21.20
Cash Conversion Cycle (CCC)		 395.13 369.57 359.26 321.33 331.74 327.57 292.13 318.67 358.89 337.42 352.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,285 7,346 7,230 7,006 7,239 7,066 7,587 9,718 10,329 11,871 12,440
Invested Capital Turnover		 1.02 1.13 1.18 1.43 1.43 1.54 1.88 1.85 1.60 1.62 1.42
Increase / (Decrease) in Invested Capital		 871 1,061 -116 -224 233 -172 521 2,131 611 1,542 569
Enterprise Value (EV)		 7,097 8,235 12,122 9,037 11,780 11,631 14,191 11,014 22,049 22,083 22,311
Market Capitalization		 5,571 5,549 9,046 6,849 10,000 11,134 14,094 10,210 22,103 22,333 22,856
Book Value per Share		 $13.63 $14.09 $14.13 $17.15 $20.14 $24.51 $29.58 $39.13 $48.16 $59.11 $66.62
Tangible Book Value per Share		 $13.32 $13.62 $13.65 $16.70 $19.68 $23.90 $29.00 $38.53 $47.58 $58.55 $66.28
Total Capital		 7,102 8,120 7,599 8,194 8,550 9,734 9,519 10,960 12,345 13,741 14,617
Total Debt		 2,342 3,461 3,445 3,376 3,092 3,164 2,029 2,046 1,962 1,619 1,631
Total Long-Term Debt		 2,342 3,461 3,445 3,376 3,092 3,164 2,029 2,046 1,962 1,619 1,631
Net Debt		 1,526 2,686 3,076 2,188 1,780 496 97 804 -54 -251 -545
Capital Expenditures (CapEx)		 45 39 32 59 58 58 73 113 92 119 123
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3,444 4,744 5,128 5,311 5,833 5,382 6,850 9,075 9,531 10,526 10,474
Debt-free Net Working Capital (DFNWC)		 4,219 5,468 5,434 6,445 7,085 8,014 8,683 10,169 11,380 12,179 12,483
Net Working Capital (NWC)		 4,219 5,468 5,434 6,445 7,085 8,014 8,683 10,169 11,380 12,179 12,483
Net Nonoperating Expense (NNE)		 11 37 15 11 10 15 50 10 -32 -82 67
Net Nonoperating Obligations (NNO)		 1,526 2,686 3,076 2,188 1,780 496 97 804 -54 -251 -545
Total Depreciation and Amortization (D&A)		 46 54 51 49 54 66 70 71 81 89 113
Debt-free, Cash-free Net Working Capital to Revenue		 57.57% 61.80% 59.78% 52.13% 57.12% 48.77% 49.86% 56.71% 59.34% 58.65% 60.50%
Debt-free Net Working Capital to Revenue		 70.53% 71.23% 63.35% 63.26% 69.37% 72.62% 63.21% 63.55% 70.85% 67.86% 72.11%
Net Working Capital to Revenue		 70.53% 71.23% 63.35% 63.26% 69.37% 72.62% 63.21% 63.55% 70.85% 67.86% 72.11%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.67 $5.19 $7.44 $11.07 $11.79 $14.82 $11.21
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 274.50M 268.55M 259.29M 235.01M 219.96M 208.11M 197.97M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.66 $5.18 $7.43 $11.01 $11.72 $14.69 $11.12
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 275.30M 269.41M 259.93M 236.17M 221.16M 209.83M 199.54M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 269.98M 265.89M 248.65M 225.60M 212.11M 202.46M 192.33M
Normalized Net Operating Profit after Tax (NOPAT)		 505 639 680 1,033 1,027 1,438 1,996 2,628 2,570 3,002 2,285
Normalized NOPAT Margin		 8.44% 8.33% 7.93% 10.13% 10.06% 13.03% 14.53% 16.42% 16.00% 16.73% 13.20%
Pre Tax Income Margin		 13.64% 12.17% 10.95% 13.23% 13.12% 15.66% 18.27% 21.49% 21.48% 22.32% 16.82%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 41.55 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 32.47 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 40.37 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 31.29 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 23.47% 20.68% 25.21% 10.18% 12.03% 9.25% 7.60% 5.51% 5.47% 5.44% 7.96%
Augmented Payout Ratio		 113.08% 120.77% 228.76% 39.00% 39.02% 21.39% 53.70% 46.57% 43.90% 44.36% 62.05%

Quarterly Metrics And Ratios for PulteGroup

This table displays calculated financial ratios and metrics derived from PulteGroup's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 192,327,885.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 192,327,885.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.80
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.78% -15.46% 10.45% 9.81% 11.81% 14.63% -1.43% -4.26% -1.60% -6.32% -12.44%
EBITDA Growth		 4.54% -14.71% 18.51% 9.86% 6.78% 24.56% -17.20% -22.11% -14.54% -42.64% -32.93%
EBIT Growth		 4.39% -15.14% 18.74% 9.88% 6.77% 24.77% -18.07% -22.88% -15.31% -44.59% -34.10%
NOPAT Growth		 -3.41% -18.72% 17.46% 12.38% 10.12% 26.62% -16.70% -23.61% -15.38% -35.59% -34.09%
Net Income Growth		 1.73% -19.41% 24.56% 12.33% 9.26% 28.45% -21.14% -24.80% -16.06% -45.07% -33.63%
EPS Growth		 7.81% -13.30% 31.91% 19.31% 15.52% 35.28% -17.10% -20.89% -11.64% -41.95% -30.35%
Operating Cash Flow Growth		 212.67% -70.34% -66.29% -43.52% -0.40% 96.80% -44.02% -31.13% 48.80% 35.86% 19.01%
Free Cash Flow Firm Growth		 153.53% 107.59% 62.55% -358.93% -216.49% -775.97% -296.73% -51.22% 23.47% 101.16% 100.66%
Invested Capital Growth		 -1.46% 6.29% 9.30% 14.35% 15.99% 14.93% 15.64% 13.66% 11.03% 4.79% 2.68%
Revenue Q/Q Growth		 -4.42% 7.25% -8.02% 16.47% -2.68% 9.95% -20.91% 13.13% 0.02% 4.68% -26.07%
EBITDA Q/Q Growth		 -10.82% 11.61% -11.95% 25.38% -13.32% 30.19% -41.48% 17.93% -4.88% -12.62% -31.58%
EBIT Q/Q Growth		 -11.10% 11.84% -12.21% 25.93% -13.62% 30.70% -42.37% 18.53% -5.13% -14.50% -31.46%
NOPAT Q/Q Growth		 -11.86% 13.05% -12.12% 28.30% -13.63% 29.99% -42.17% 17.66% -4.32% -1.06% -40.83%
Net Income Q/Q Growth		 -11.32% 11.31% -6.75% 22.05% -13.75% 30.85% -42.75% 16.39% -3.72% -14.38% -30.82%
EPS Q/Q Growth		 -9.66% 12.41% -4.91% 23.55% -12.53% 31.64% -41.72% 17.90% -2.31% -13.51% -30.08%
Operating Cash Flow Q/Q Growth		 -38.07% -36.99% -16.86% 74.10% 9.21% 24.50% -76.35% 114.19% 135.96% 13.67% -79.28%
Free Cash Flow Firm Q/Q Growth		 227.42% -87.60% -405.74% -108.10% -47.31% 28.04% -79.85% 20.68% 25.45% 101.09% 2.26%
Invested Capital Q/Q Growth		 1.25% 4.00% 4.06% 4.36% 2.70% 3.05% 4.70% 2.57% 0.33% -2.74% 2.60%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.54% 33.46% 29.67% 30.31% 29.06% 32.08% 27.43% 27.21% 26.43% 29.81% 24.12%
EBITDA Margin		 21.66% 22.54% 21.57% 23.22% 20.68% 24.49% 18.12% 18.89% 17.96% 15.00% 13.88%
Operating Margin		 20.72% 21.92% 20.61% 22.45% 19.97% 23.55% 17.32% 18.34% 17.34% 16.33% 12.96%
EBIT Margin		 21.14% 22.05% 21.04% 22.74% 20.19% 24.00% 17.49% 18.32% 17.38% 14.19% 13.16%
Profit (Net Income) Margin		 15.96% 16.56% 16.79% 17.59% 15.59% 18.56% 13.43% 13.82% 13.30% 10.88% 10.18%
Tax Burden Percent		 75.39% 75.09% 76.32% 77.18% 77.02% 77.21% 76.75% 75.39% 76.30% 76.55% 77.21%
Interest Burden Percent		 100.11% 100.02% 104.56% 100.21% 100.28% 100.14% 100.07% 100.05% 100.32% 100.12% 100.20%
Effective Tax Rate		 24.61% 24.91% 23.68% 22.82% 22.98% 22.79% 23.25% 24.61% 23.70% 23.45% 22.79%
Return on Invested Capital (ROIC)		 26.29% 26.38% 25.13% 27.77% 24.84% 29.40% 20.52% 20.42% 19.18% 17.81% 13.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 27.77% 27.49% 40.09% 52.15% 9.79% 17.39% 29.63% 19.88% 11.20% 36.63% -5.70%
Return on Net Nonoperating Assets (RNNOA)		 2.80% 1.07% 1.11% 0.24% -0.06% -0.24% 0.15% 0.14% -0.04% -1.16% 0.01%
Return on Equity (ROE)		 29.10% 27.45% 26.24% 28.02% 24.78% 29.16% 20.67% 20.56% 19.14% 16.65% 13.38%
Cash Return on Invested Capital (CROIC)		 28.78% 19.55% 16.99% 12.78% 11.43% 13.15% 10.50% 9.83% 10.97% 14.12% 14.10%
Operating Return on Assets (OROA)		 23.80% 22.93% 22.07% 24.12% 21.40% 25.75% 18.49% 18.99% 17.60% 13.88% 12.46%
Return on Assets (ROA)		 17.96% 17.22% 17.61% 18.66% 16.53% 19.91% 14.20% 14.33% 13.47% 10.64% 9.64%
Return on Common Equity (ROCE)		 29.10% 27.45% 26.24% 28.02% 24.78% 29.16% 20.67% 20.56% 19.14% 16.65% 13.38%
Return on Equity Simple (ROE_SIMPLE)		 27.70% 0.00% 25.40% 25.14% 24.91% 0.00% 23.93% 21.81% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 625 707 621 797 689 895 518 609 583 576 341
NOPAT Margin		 15.62% 16.46% 15.73% 17.33% 15.38% 18.18% 13.30% 13.83% 13.23% 12.50% 10.01%
Net Nonoperating Expense Percent (NNEP)		 -1.48% -1.12% -14.97% -24.38% 15.05% 12.01% -9.11% 0.54% 7.98% -18.82% 19.06%
Return On Investment Capital (ROIC_SIMPLE)		 - 5.73% - - - 6.51% 3.72% 4.29% 4.03% 3.94% 2.31%
Cost of Revenue to Revenue		 70.46% 66.54% 70.33% 69.69% 70.94% 67.92% 72.57% 72.79% 73.57% 70.19% 75.88%
SG&A Expenses to Revenue		 8.82% 7.18% 9.05% 7.85% 9.09% 3.98% 10.10% 8.87% 9.10% 8.45% 11.16%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 8.82% 11.54% 9.05% 7.85% 9.09% 8.53% 10.10% 8.87% 9.10% 13.48% 11.16%
Earnings before Interest and Taxes (EBIT)		 846 947 831 1,046 904 1,181 681 807 765 654 449
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 867 968 852 1,068 926 1,205 705 832 791 691 473
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.61 2.13 2.41 2.06 2.58 1.84 1.69 1.68 2.03 1.76 1.75
Price to Tangible Book Value (P/TBV)		 1.63 2.15 2.44 2.09 2.60 1.86 1.71 1.70 2.05 1.77 1.76
Price to Revenue (P/Rev)		 0.96 1.38 1.58 1.37 1.72 1.24 1.16 1.19 1.48 1.32 1.34
Price to Earnings (P/E)		 5.93 8.49 9.50 8.21 10.34 7.35 7.18 7.83 10.08 10.30 11.07
Dividend Yield		 0.87% 0.66% 0.60% 0.69% 0.56% 0.75% 0.82% 0.82% 0.67% 0.78% 0.82%
Earnings Yield		 16.87% 11.77% 10.53% 12.19% 9.67% 13.61% 13.93% 12.77% 9.92% 9.71% 9.03%
Enterprise Value to Invested Capital (EV/IC)		 1.62 2.13 2.41 2.06 2.58 1.86 1.68 1.67 2.04 1.79 1.76
Enterprise Value to Revenue (EV/Rev)		 0.95 1.37 1.58 1.37 1.72 1.23 1.17 1.20 1.48 1.29 1.33
Enterprise Value to EBITDA (EV/EBITDA)		 4.35 6.25 7.09 6.17 7.80 5.45 5.36 5.81 7.37 7.39 8.05
Enterprise Value to EBIT (EV/EBIT)		 4.44 6.40 7.26 6.31 7.98 5.57 5.49 5.97 7.58 7.67 8.38
Enterprise Value to NOPAT (EV/NOPAT)		 5.88 8.58 9.74 8.42 10.57 7.36 7.23 7.86 10.00 9.76 10.64
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.57 10.04 15.04 16.50 21.22 13.14 13.29 14.75 15.61 11.92 11.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.58 11.25 14.84 17.24 24.26 15.13 17.21 18.09 19.52 13.00 12.63
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.20 0.19 0.18 0.15 0.14 0.13 0.13 0.13 0.13 0.13 0.14
Long-Term Debt to Equity		 0.20 0.19 0.18 0.15 0.14 0.13 0.13 0.13 0.13 0.13 0.14
Financial Leverage		 0.10 0.04 0.03 0.00 -0.01 -0.01 0.01 0.01 0.00 -0.03 0.00
Leverage Ratio		 1.65 1.60 1.56 1.52 1.51 1.49 1.47 1.43 1.43 1.41 1.41
Compound Leverage Factor		 1.65 1.60 1.64 1.52 1.52 1.49 1.47 1.44 1.43 1.41 1.41
Debt to Total Capital		 16.52% 15.89% 15.39% 12.82% 12.31% 11.78% 11.67% 11.43% 11.23% 11.16% 12.32%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 16.52% 15.89% 15.39% 12.82% 12.31% 11.78% 11.67% 11.43% 11.23% 11.16% 12.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 83.48% 84.11% 84.61% 87.18% 87.69% 88.22% 88.33% 88.57% 88.77% 88.84% 87.68%
Debt to EBITDA		 0.54 0.56 0.54 0.44 0.43 0.40 0.42 0.44 0.46 0.54 0.65
Net Debt to EBITDA		 -0.02 -0.02 0.00 0.00 -0.01 -0.06 0.03 0.05 -0.01 -0.18 -0.07
Long-Term Debt to EBITDA		 0.54 0.56 0.54 0.44 0.43 0.40 0.42 0.44 0.46 0.54 0.65
Debt to NOPAT		 0.72 0.76 0.73 0.60 0.58 0.54 0.56 0.60 0.62 0.71 0.86
Net Debt to NOPAT		 -0.03 -0.02 -0.01 0.00 -0.02 -0.08 0.04 0.06 -0.01 -0.24 -0.09
Long-Term Debt to NOPAT		 0.72 0.76 0.73 0.60 0.58 0.54 0.56 0.60 0.62 0.71 0.86
Altman Z-Score		 3.78 4.98 4.70 4.66 5.32 5.36 4.46 4.48 5.04 5.35 4.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.33 6.02 5.45 5.52 5.34 6.69 5.83 5.01 4.95 6.09 5.11
Quick Ratio		 0.73 0.80 0.68 0.56 0.53 0.75 0.51 0.43 0.48 0.81 0.61
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 772 96 -293 -610 -899 -647 -1,164 -923 -688 7.52 7.69
Operating Cash Flow to CapEx		 2,035.85% 1,170.53% 995.96% 1,336.31% 1,176.63% 2,318.67% 453.38% 832.58% 2,488.31% 2,462.48% 629.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -4,583.72 -3,863.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 3,746.67 2,642.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 3,370.48 2,444.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.13 1.04 1.05 1.06 1.06 1.07 1.06 1.04 1.01 0.98 0.95
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 1.01 0.96 0.97 0.99 0.99 1.02 1.00 0.98 0.97 0.98 0.93
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 20.28 18.83 21.42 19.52 18.89 18.56 19.96 18.39 17.57 17.22 17.90
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 360.89 378.28 377.90 370.27 368.36 357.09 364.54 371.42 376.44 373.80 390.63
Days Payable Outstanding (DPO)		 18.00 19.39 17.04 18.70 19.32 19.66 18.28 19.84 20.77 21.20 20.39
Cash Conversion Cycle (CCC)		 342.89 358.89 360.86 351.57 349.04 337.42 346.26 351.58 355.67 352.60 370.24
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 9,932 10,329 10,749 11,217 11,520 11,871 12,430 12,749 12,791 12,440 12,763
Invested Capital Turnover		 1.68 1.60 1.60 1.60 1.61 1.62 1.54 1.48 1.45 1.42 1.34
Increase / (Decrease) in Invested Capital		 -147 611 915 1,408 1,588 1,542 1,681 1,532 1,271 569 333
Enterprise Value (EV)		 16,058 22,049 25,946 23,153 29,741 22,083 20,942 21,311 26,034 22,311 22,429
Market Capitalization		 16,138 22,103 25,960 23,159 29,786 22,333 20,813 21,137 26,069 22,856 22,620
Book Value per Share		 $45.63 $48.16 $50.80 $53.36 $55.72 $59.11 $60.76 $62.74 $65.01 $66.62 $67.35
Tangible Book Value per Share		 $45.04 $47.58 $50.22 $52.78 $55.16 $58.55 $60.20 $62.19 $64.46 $66.28 $67.02
Total Capital		 11,994 12,345 12,719 12,873 13,188 13,741 13,927 14,198 14,449 14,617 14,775
Total Debt		 1,981 1,962 1,957 1,650 1,624 1,619 1,626 1,623 1,623 1,631 1,821
Total Long-Term Debt		 1,981 1,962 1,957 1,650 1,624 1,619 1,626 1,623 1,623 1,631 1,821
Net Debt		 -81 -54 -13 -6.03 -44 -251 129 174 -35 -545 -191
Capital Expenditures (CapEx)		 22 25 24 31 39 24 30 35 27 31 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 9,057 9,531 9,563 9,831 10,022 10,526 10,518 10,325 10,355 10,474 10,335
Debt-free Net Working Capital (DFNWC)		 10,957 11,380 11,329 11,277 11,477 12,179 11,794 11,592 11,834 12,483 12,178
Net Working Capital (NWC)		 10,957 11,380 11,329 11,277 11,477 12,179 11,794 11,592 11,834 12,483 12,178
Net Nonoperating Expense (NNE)		 -14 -4.19 -42 -12 -9.40 -18 -5.27 0.45 -3.19 75 -5.89
Net Nonoperating Obligations (NNO)		 -81 -54 -13 -6.03 -44 -251 129 174 -35 -545 -191
Total Depreciation and Amortization (D&A)		 21 21 21 22 22 24 25 25 26 37 25
Debt-free, Cash-free Net Working Capital to Revenue		 53.76% 59.34% 58.19% 58.36% 57.87% 58.65% 58.79% 58.35% 58.76% 60.50% 61.42%
Debt-free Net Working Capital to Revenue		 65.04% 70.85% 68.93% 66.94% 66.27% 67.86% 65.92% 65.51% 67.15% 72.11% 72.37%
Net Working Capital to Revenue		 65.04% 70.85% 68.93% 66.94% 66.27% 67.86% 65.92% 65.51% 67.15% 72.11% 72.37%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.92 $3.29 $3.13 $3.86 $3.38 $4.45 $2.59 $3.05 $2.98 $2.59 $1.81
Adjusted Weighted Average Basic Shares Outstanding		 218.29M 219.96M 211.84M 209.55M 206.77M 208.11M 202.06M 199.24M 196.54M 197.97M 192.09M
Adjusted Diluted Earnings per Share		 $2.90 $3.26 $3.10 $3.83 $3.35 $4.41 $2.57 $3.03 $2.96 $2.56 $1.79
Adjusted Weighted Average Diluted Shares Outstanding		 219.68M 221.16M 213.55M 211.20M 208.46M 209.83M 203.66M 200.68M 198.14M 199.54M 193.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 219.68M 212.11M 210.34M 207.52M 205.08M 202.46M 200.43M 197.30M 194.92M 192.33M 190.49M
Normalized Net Operating Profit after Tax (NOPAT)		 625 707 621 797 689 895 518 609 583 576 341
Normalized NOPAT Margin		 15.62% 16.46% 15.73% 17.33% 15.38% 18.18% 13.30% 13.83% 13.23% 12.50% 10.01%
Pre Tax Income Margin		 21.16% 22.05% 22.00% 22.79% 20.24% 24.03% 17.50% 18.33% 17.43% 14.21% 13.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 12,980.33 6,621.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 9,708.05 5,045.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 12,604.14 6,423.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 9,331.86 4,847.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 5.13% 5.47% 5.44% 5.49% 5.60% 5.44% 5.81% 6.30% 6.65% 7.96% 8.95%
Augmented Payout Ratio		 33.97% 43.90% 45.54% 46.60% 46.56% 44.36% 48.42% 51.52% 53.03% 62.05% 68.09%

Financials Breakdown Chart

Key Financial Trends

Here are the four-year trends for PulteGroup (PHM) based on quarterly income statements, cash flow statements, and balance sheets. The focus is on major, investible-style takeaways for retail investors.

  • Net Cash From Continuing Operating Activities in Q4 2025: $771,127,000, signaling solid quarterly cash generation and a positive operating cash flow trend into year-end 2025.
  • Gross margin remains in a stable, low-30% range across the period (roughly 29%–32%), reflecting a consistent profitability framework despite revenue swings.
  • Q4 2025 net income attributable to common shareholders: $501,614,000 with basic EPS of $2.59 and diluted EPS of $2.56, indicating continued profitability in the latest quarter.
  • Cash dividends per share rose to $0.26 in Q4 2025, reinforcing ongoing shareholder returns.
  • Balance sheet strength: Total equity around $12.8B–$12.9B versus Total liabilities around $5.0B, with Total assets near $17.5B–$18.0B across the period, signaling a solid financial cushion.
  • Revenue has shown a four-year pattern of fluctuation: peak around $5.08B in 2022, a dip in 2023, a rebound toward $4.9–$5.0B in 2024, and a softer first look at about $4.6B in 2025.
  • Long-term debt has remained relatively modest and stable (roughly $1.6B–$2.0B range in recent quarters), supporting a balanced leverage profile.
  • Operating cash flow has varied quarter to quarter in 2025 but stayed positive in every reported quarter, culminating in the strong Q4 reading above.
  • Q4 2025 diluted EPS of $2.56 is notably below Q4 2024’s $4.41, indicating a meaningful quarterly earnings pullback year-over-year.
  • Net cash from financing activities was negative in Q4 2025 (~$225.6M), reflecting ongoing cash outflows related to debt, repurchases, and dividends rather than additive financing liquidity.
05/08/26 08:42 PM ETAI Generated. May Contain Errors.

PulteGroup Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PulteGroup's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

PulteGroup's net income appears to be on an upward trend, with a most recent value of $2.22 billion in 2025, rising from $494.09 million in 2015. The previous period was $3.08 billion in 2024. Check out PulteGroup's forecast to explore projected trends and price targets.

PulteGroup's total operating income in 2025 was $3.00 billion, based on the following breakdown:
  • Total Gross Profit: $4.80 billion
  • Total Operating Expenses: $1.81 billion

Over the last 10 years, PulteGroup's total revenue changed from $5.98 billion in 2015 to $17.31 billion in 2025, a change of 189.4%.

PulteGroup's total liabilities were at $5.06 billion at the end of 2025, a 3.4% decrease from 2024, and a 14.3% increase since 2015.

In the past 10 years, PulteGroup's cash and equivalents has ranged from $272.68 million in 2017 to $2.58 billion in 2020, and is currently $1.98 billion as of their latest financial filing in 2025.

Over the last 10 years, PulteGroup's book value per share changed from 13.63 in 2015 to 66.62 in 2025, a change of 388.7%.


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Financial statements for NYSE:PHM last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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