PulteGroup (PHM) Financials

$100.98 -2.69 (-2.59%)

Closing price 03:59 PM Eastern

Extended Trading

$100.40 -0.59 (-0.58%)

As of 07:18 PM Eastern

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
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
Net Income / (Loss) Attributable to Common Shareholders	494	603	447	1,022	1,017	1,407	1,946	2,567	2,602	3,039
Consolidated Net Income / (Loss)	494	603	447	1,022	1,017	1,407	1,946	2,617	2,602	3,083
Net Income / (Loss) Continuing Operations	494	603	447	1,022	1,017	1,407	1,946	2,567	2,602	3,039
Total Pre-Tax Income	816	934	939	1,348	1,340	1,729	2,510	3,440	3,449	4,006
Total Operating Income	833	991	971	1,361	1,353	1,747	2,574	3,453	3,407	3,900
Total Gross Profit	1,628	1,948	1,863	2,373	2,397	2,954	3,951	5,015	4,907	5,445
Total Revenue	5,982	7,677	8,578	10,188	10,213	11,036	13,737	16,003	16,062	17,947
Operating Revenue	5,982	7,677	8,578	10,188	10,213	11,036	13,737	16,003	16,062	17,947
Total Cost of Revenue	4,354	5,729	6,715	7,815	7,816	8,082	9,786	10,988	11,155	12,502
Operating Cost of Revenue	4,354	5,729	6,715	7,815	7,816	8,082	9,786	10,988	11,155	12,502
Total Operating Expenses	795	957	892	1,012	1,044	1,207	1,377	1,562	1,500	1,545
Selling, General & Admin Expense	795	957	892	1,012	1,044	1,011	1,209	1,381	1,313	1,321
Other Operating Expenses / (Income)	-	-	-	-	-	175	168	181	187	224
Total Other Income / (Expense), net	-17	-57	-32	-14	-8.55	-18	-81	-64	38	62
Other Income / (Expense), net	-17	-57	-32	-14	-8.55	-18	-20	-64	38	62
Income Tax Expense	322	331	492	326	323	322	564	822	847	923
Basic Earnings per Share	$1.38	$1.76	$1.45	$3.56	$3.67	$5.19	$7.44	$11.07	$11.79	$14.82
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
Diluted Earnings per Share	$1.36	$1.75	$1.44	$3.55	$3.66	$5.18	$7.43	$11.01	$11.72	$14.69
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
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
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

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	628	832	532	720	639	711	663	809	698	869	523
Consolidated Net Income / (Loss)	628	882	532	720	639	711	663	809	698	913	523
Net Income / (Loss) Continuing Operations	627	833	532	720	639	711	663	809	698	869	523
Total Pre-Tax Income	811	1,165	702	953	847	947	869	1,048	906	1,183	681
Total Operating Income	836	1,147	698	938	829	941	814	1,033	894	1,159	674
Total Gross Profit	1,232	1,546	1,034	1,253	1,182	1,437	1,172	1,394	1,301	1,579	1,068
Total Revenue	3,895	5,079	3,576	4,189	4,004	4,294	3,949	4,600	4,476	4,922	3,893
Operating Revenue	3,895	5,079	3,576	4,189	4,004	4,294	3,949	4,600	4,476	4,922	3,893
Total Cost of Revenue	2,663	3,533	2,541	2,936	2,821	2,857	2,778	3,206	3,175	3,343	2,825
Operating Cost of Revenue	2,663	3,533	2,541	2,936	2,821	2,857	2,778	3,206	3,175	3,343	2,825
Total Operating Expenses	395	399	337	315	353	496	358	361	407	420	393
Selling, General & Admin Expense	350	351	337	315	353	308	358	361	407	196	393
Total Other Income / (Expense), net	-26	-31	4.33	15	18	0.66	55	15	12	-20	6.86
Interest & Investment Income	-	-	2.51	0.94	0.89	-	38	2.17	2.51	-	0.50
Other Income / (Expense), net	-26	-31	1.82	14	17	5.37	17	13	9.70	22	6.36
Income Tax Expense	183	282	170	233	209	236	206	239	208	269	158
Basic Earnings per Share	$2.70	$3.79	$2.35	$3.23	$2.92	$3.29	$3.13	$3.86	$3.38	$4.45	$2.59
Weighted Average Basic Shares Outstanding	230.97M	235.01M	225.13M	222.16M	218.29M	219.96M	211.84M	209.55M	206.77M	208.11M	202.06M
Diluted Earnings per Share	$2.69	$3.76	$2.35	$3.21	$2.90	$3.26	$3.10	$3.83	$3.35	$4.41	$2.57
Weighted Average Diluted Shares Outstanding	232.30M	236.17M	225.96M	223.39M	219.68M	221.16M	213.55M	211.20M	208.46M	209.83M	203.66M
Weighted Average Basic & Diluted Shares Outstanding	232.30M	225.60M	225.96M	223.39M	219.68M	212.11M	210.34M	207.52M	205.08M	202.46M	200.43M
Cash Dividends to Common per Share	$0.15	$0.16	$0.16	$0.16	$0.16	$0.20	$0.20	$0.20	$0.20	$0.22	$0.22

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
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
Net Change in Cash & Equivalents	-534	-52	-417	828	118	1,381	-799	-739	755	-195
Net Cash From Operating Activities	-338	68	663	1,448	1,076	1,784	1,004	668	2,197	1,681
Net Cash From Continuing Operating Activities	-338	68	663	1,448	1,076	1,784	1,004	668	2,197	1,681
Net Income / (Loss) Continuing Operations	494	603	447	1,022	1,017	1,407	1,946	2,617	2,602	3,083
Consolidated Net Income / (Loss)	494	603	447	1,022	1,017	1,407	1,946	2,617	2,602	3,083
Depreciation Expense	46	54	51	49	54	66	70	71	81	89
Non-Cash Adjustments To Reconcile Net Income	31	44	224	124	62	72	97	110	90	34
Changes in Operating Assets and Liabilities, net	-909	-632	-59	253	-56	239	-1,109	-2,129	-576	-1,526
Net Cash From Investing Activities	-35	-471	-50	-40	-225	-108	-124	-172	-129	-94
Net Cash From Continuing Investing Activities	-35	-471	-50	-40	-225	-108	-124	-172	-129	-94
Purchase of Property, Plant & Equipment	-45	-39	-32	-59	-58	-58	-73	-113	-92	-119
Acquisitions	-0.45	-445	-23	-1.00	-173	-84	-112	-75	-23	-16
Sale and/or Maturity of Investments	-	-	-	11	0.21	28	54	22	3.27	9.18
Other Investing Activities, net	11	13	4.85	8.29	6.46	6.47	6.71	-5.69	-17	31
Net Cash From Financing Activities	-162	351	-1,030	-580	-734	-296	-1,679	-1,236	-1,313	-1,782
Net Cash From Continuing Financing Activities	-162	351	-1,030	-580	-734	-296	-1,679	-1,236	-1,313	-1,782
Repayment of Debt	-237	-1,542	-2,855	-1,657	-332	-680	-623	-2,924	-212	-330
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-9.69
Repurchase of Common Equity	-443	-603	-910	-295	-274	-171	-897	-1,075	-1,000	-1,200
Payment of Dividends	-116	-125	-113	-104	-122	-130	-148	-144	-142	-168
Issuance of Debt	623	2,615	2,826	1,566	0.00	700	0.00	2,869	0.00	0.00
Other Financing Activities, net	-	-	-6.00	-97	-11	-15	-11	38	41	-74
Cash Interest Paid	-4.19	-27	-	-	5.61	3.06	11	1.80	11	26
Cash Income Taxes Paid	-5.65	2.74	15	89	137	264	457	642	784	740

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-441	803	232	451	122	-50	-83	-320	9.17	199	-378
Net Cash From Operating Activities	-406	972	711	739	458	288	240	417	456	568	134
Net Cash From Continuing Operating Activities	-406	972	711	739	458	288	240	417	456	568	134
Net Income / (Loss) Continuing Operations	628	882	532	720	639	711	663	809	698	913	523
Consolidated Net Income / (Loss)	628	882	532	720	639	711	663	809	698	913	523
Depreciation Expense	19	19	19	20	21	21	21	22	22	24	25
Non-Cash Adjustments To Reconcile Net Income	34	38	19	20	16	35	-16	16	20	15	43
Changes in Operating Assets and Liabilities, net	-1,087	33	141	-21	-217	-479	-428	-429	-284	-385	-456
Net Cash From Investing Activities	-32	-17	-24	-30	-41	-34	-27	-39	-42	14	-40
Net Cash From Continuing Investing Activities	-32	-17	-24	-30	-41	-34	-27	-39	-42	14	-40
Purchase of Property, Plant & Equipment	-26	-24	-24	-21	-22	-25	-24	-31	-39	-24	-30
Acquisitions	-7.67	-6.55	-1.12	-6.74	-10	-5.34	-3.96	-5.14	-6.01	-0.93	-6.68
Sale and/or Maturity of Investments	0.40	18	2.22	-	0.10	0.95	3.40	0.08	5.54	0.16	0.00
Other Investing Activities, net	1.75	-4.72	-1.57	-1.71	-8.45	-5.03	-2.26	-3.01	-2.94	39	-3.45
Net Cash From Financing Activities	-2.89	-152	-455	-259	-295	-305	-296	-698	-405	-383	-472
Net Cash From Continuing Financing Activities	-2.89	-152	-455	-259	-295	-305	-296	-698	-405	-383	-472
Repayment of Debt	-1,601	-1,014	-267	-22	39	38	24	-317	-32	-4.09	-103
Repurchase of Common Equity	-180	-100	-150	-250	-300	-300	-246	-314	-320	-320	-300
Payment of Dividends	-35	-35	-36	-36	-35	-35	-43	-42	-42	-41	-46
Other Financing Activities, net	-0.71	53	-1.71	49	1.53	-7.56	-31	-24	-11	-8.01	-24
Cash Interest Paid	5.41	-3.85	6.21	-3.45	8.29	-0.26	7.25	5.96	6.93	5.91	3.34
Cash Income Taxes Paid	203	148	0.21	380	166	238	1.02	364	181	193	70

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
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
Total Assets	9,189	10,178	9,687	10,173	10,716	12,205	13,353	14,797	16,087	17,364
Total Current Assets	6,307	7,526	7,522	8,424	8,956	10,382	10,881	12,421	13,645	14,319
Cash & Equivalents	754	699	273	1,110	1,218	2,582	1,779	1,053	1,807	1,613
Restricted Cash	21	24	33	24	34	50	54	41	43	40
Inventories, net	5,532	6,802	7,216	7,290	7,705	7,750	9,048	11,326	11,795	12,666
Plant, Property, & Equipment, net	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	3,044
Long-Term Investments	41	51	63	55	60	36	98	147	167	215
Noncurrent Note & Lease Receivables	443	539	571	461	509	565	947	677	516	630
Goodwill	-	-	-	-	-	-	-	69	69	69
Intangible Assets	110	155	141	127	125	163	147	67	56	46
Noncurrent Deferred & Refundable Income Taxes	1,395	1,049	645	276	170	136	139	82	65	55
Other Noncurrent Operating Assets	893	857	745	830	896	923	1,140	1,334	1,569	2,029
Total Liabilities & Shareholders' Equity	9,189	10,178	9,687	10,173	10,716	12,205	13,353	14,797	16,087	17,364
Total Liabilities	4,430	5,519	5,533	5,355	5,257	5,636	5,863	5,882	5,704	5,242
Total Current Liabilities	2,088	2,058	2,088	1,979	1,871	2,368	2,198	2,251	2,265	2,140
Accounts Payable	328	405	394	352	436	511	621	566	619	728
Accrued Expenses	1,517	1,430	1,356	1,360	1,435	1,407	1,576	1,685	1,646	1,412
Total Noncurrent Liabilities	2,342	3,461	3,445	3,376	3,386	3,268	3,665	3,631	3,439	3,102
Long-Term Debt	2,342	3,461	3,445	3,376	3,092	3,164	2,029	2,046	1,962	1,619
Noncurrent Deferred Revenue	-	-	-	-	294	-	845	784	675	513
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	104	166	215	302	444
Other Noncurrent Operating Liabilities	-	-	-	-	-	-	626	587	500	527
Total Equity & Noncontrolling Interests	4,759	4,659	4,154	4,818	5,458	6,570	7,490	8,914	10,383	12,122
Total Preferred & Common Equity	4,759	4,659	4,154	4,818	5,458	6,570	7,490	8,914	10,383	12,122
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,759	4,659	4,154	4,818	5,458	6,570	7,490	8,914	10,383	12,122
Common Stock	3,097	3,120	3,174	3,204	3,238	3,264	3,293	3,332	3,371	3,427
Retained Earnings	1,663	1,540	980	1,614	2,221	3,306	4,196	5,582	7,013	8,695

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	14,212	14,797	14,831	15,226	15,717	16,087	16,496	16,544	16,955	17,364	17,337
Total Current Assets	12,101	12,421	12,807	13,113	13,485	13,645	13,873	13,770	14,122	14,319	14,235
Cash & Equivalents	231	1,053	1,278	1,729	1,848	1,807	1,720	1,393	1,398	1,613	1,236
Restricted Cash	60	41	49	49	51	43	47	53	57	40	40
Inventories, net	11,810	11,326	11,480	11,335	11,585	11,795	12,107	12,324	12,667	12,666	12,959
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	2,110	2,376	2,024	2,113	2,232	2,443	2,623	2,774	2,833	3,044	3,101
Long-Term Investments	158	147	145	151	162	167	204	210	213	215	221
Noncurrent Note & Lease Receivables	438	677	421	432	414	516	571	569	557	630	643
Goodwill	139	69	69	69	69	69	69	69	69	69	69
Intangible Assets	-	67	64	62	59	56	54	51	49	46	44
Noncurrent Deferred & Refundable Income Taxes	109	82	79	69	66	65	62	54	48	55	53
Other Noncurrent Operating Assets	1,266	1,334	1,246	1,330	1,462	1,569	1,663	1,820	1,898	2,029	2,072
Total Liabilities & Shareholders' Equity	14,212	14,797	14,831	15,226	15,717	16,087	16,496	16,544	16,955	17,364	17,337
Total Liabilities	6,048	5,882	5,567	5,521	5,705	5,704	5,734	5,321	5,391	5,242	5,036
Total Current Liabilities	3,345	2,251	3,201	2,375	2,528	2,265	2,544	2,493	2,645	2,140	2,442
Accounts Payable	599	566	489	543	568	619	575	652	705	728	682
Accrued Expenses	1,587	1,685	1,675	1,536	1,629	1,646	1,632	1,460	1,539	1,412	1,297
Current Deferred & Payable Income Tax Liabilities	179	-	241	295	331	-	337	381	401	-	462
Total Noncurrent Liabilities	2,702	3,631	2,366	3,146	3,177	3,439	3,190	2,829	2,746	3,102	2,594
Long-Term Debt	2,364	2,046	2,042	2,033	1,981	1,962	1,957	1,650	1,624	1,619	1,626
Noncurrent Deferred Revenue	-	784	-	797	770	675	699	654	598	513	541
Other Noncurrent Operating Liabilities	338	587	324	316	425	500	534	524	524	527	427
Total Equity & Noncontrolling Interests	8,164	8,914	9,264	9,705	10,013	10,383	10,762	11,223	11,564	12,122	12,301
Total Preferred & Common Equity	8,164	8,914	9,264	9,705	10,013	10,383	10,762	11,223	11,564	12,122	12,301
Total Common Equity	8,164	8,914	9,264	9,705	10,013	10,383	10,762	11,223	11,564	12,122	12,301
Common Stock	8,164	3,332	9,264	9,705	10,013	3,371	10,762	11,223	11,564	3,427	12,301

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
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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.74%	28.33%	11.74%	18.78%	0.24%	8.06%	24.47%	16.50%	0.37%	11.74%
EBITDA Growth	18.18%	14.57%	0.20%	41.13%	0.11%	28.34%	46.21%	31.85%	1.90%	14.90%
EBIT Growth	18.31%	14.44%	0.53%	43.53%	-0.23%	28.57%	47.75%	32.68%	1.65%	15.01%
NOPAT Growth	2.41%	26.71%	-27.64%	123.18%	-0.54%	38.41%	40.42%	31.66%	-2.18%	16.78%
Net Income Growth	4.16%	21.98%	-25.80%	128.53%	-0.52%	38.37%	38.35%	34.48%	-0.57%	18.48%
EPS Growth	7.94%	28.68%	-17.71%	146.53%	3.10%	41.53%	43.44%	48.18%	6.45%	25.34%
Operating Cash Flow Growth	-209.65%	120.22%	871.26%	118.42%	-25.70%	65.83%	-43.73%	-33.42%	228.63%	-23.49%
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%
Invested Capital Growth	16.08%	16.87%	-1.58%	-3.09%	3.32%	-2.38%	7.37%	28.09%	6.29%	14.93%
Revenue Q/Q Growth	4.16%	6.07%	3.55%	2.05%	0.17%	2.13%	7.19%	6.03%	-4.66%	3.63%
EBITDA Q/Q Growth	12.74%	4.41%	-0.65%	-5.34%	8.74%	5.36%	13.38%	8.77%	-4.52%	6.25%
EBIT Q/Q Growth	13.32%	4.52%	-0.53%	-5.56%	9.03%	5.33%	13.83%	8.89%	-4.67%	6.31%
NOPAT Q/Q Growth	-0.48%	10.22%	-31.18%	18.92%	10.31%	8.19%	11.87%	8.70%	-5.95%	6.68%
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%
EPS Q/Q Growth	3.03%	10.76%	-27.27%	19.13%	11.93%	8.14%	15.02%	12.00%	-4.09%	8.49%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.22%	25.37%	21.72%	23.30%	23.47%	26.76%	28.76%	31.34%	30.55%	30.34%
EBITDA Margin	14.41%	12.87%	11.54%	13.71%	13.69%	16.26%	19.10%	21.62%	21.95%	22.57%
Operating Margin	13.93%	12.91%	11.32%	13.36%	13.25%	15.83%	18.74%	21.58%	21.21%	21.73%
EBIT Margin	13.64%	12.17%	10.95%	13.23%	13.16%	15.66%	18.59%	21.18%	21.45%	22.07%
Profit (Net Income) Margin	8.26%	7.85%	5.21%	10.03%	9.96%	12.75%	14.17%	16.36%	16.20%	17.18%
Tax Burden Percent	60.55%	64.54%	47.64%	75.84%	75.90%	81.38%	77.55%	76.09%	75.45%	76.97%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	99.63%	100.00%	98.27%	101.50%	100.13%	101.12%
Effective Tax Rate	39.45%	35.46%	52.36%	24.16%	24.10%	18.62%	22.45%	23.91%	24.55%	23.03%
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%
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%
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%
Return on Equity (ROE)	10.33%	12.80%	10.15%	22.78%	19.79%	23.39%	27.69%	31.91%	26.97%	27.40%
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%
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%
Return on Assets (ROA)	5.56%	6.22%	4.50%	10.29%	9.73%	12.28%	15.23%	18.60%	16.85%	18.43%
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%
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%
Net Operating Profit after Tax (NOPAT)	505	639	463	1,033	1,027	1,421	1,996	2,628	2,570	3,002
NOPAT Margin	8.44%	8.33%	5.39%	10.13%	10.06%	12.88%	14.53%	16.42%	16.00%	16.73%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	23.98%	20.82%	21.85%
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%
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%
R&D to Revenue	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%
Earnings before Interest and Taxes (EBIT)	816	934	939	1,348	1,345	1,729	2,554	3,389	3,445	3,962
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
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
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
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
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
Dividend Yield	2.07%	2.15%	1.17%	1.56%	1.22%	1.20%	1.02%	1.36%	0.66%	0.75%
Earnings Yield	8.87%	10.86%	4.94%	14.92%	10.17%	12.64%	13.81%	25.14%	11.77%	13.61%
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
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
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
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
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
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
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
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
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
Financial Leverage	0.22	0.45	0.65	0.59	0.39	0.19	0.04	0.06	0.04	-0.01
Leverage Ratio	1.86	2.06	2.25	2.21	2.03	1.91	1.82	1.72	1.60	1.49
Compound Leverage Factor	1.86	2.06	2.25	2.21	2.03	1.91	1.79	1.74	1.60	1.50
Debt to Total Capital	32.98%	42.62%	45.33%	41.21%	36.16%	32.51%	21.32%	18.66%	15.89%	11.78%
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%
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%
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%
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%
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%
Debt to EBITDA	2.72	3.50	3.48	2.42	2.21	1.76	0.77	0.59	0.56	0.40
Net Debt to EBITDA	1.77	2.72	3.11	1.57	1.27	0.28	0.04	0.23	-0.02	-0.06
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
Debt to NOPAT	4.64	5.41	7.45	3.27	3.01	2.23	1.02	0.78	0.76	0.54
Net Debt to NOPAT	3.02	4.20	6.65	2.12	1.73	0.35	0.05	0.31	-0.02	-0.08
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
Altman Z-Score	2.50	2.52	3.00	3.19	3.59	3.72	4.32	4.23	5.49	5.89
Noncontrolling Interest Sharing Ratio	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
Quick Ratio	0.36	0.34	0.13	0.56	0.65	1.09	0.81	0.47	0.80	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-366	-421	579	1,256	794	1,594	1,475	496	1,959	1,460
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.79	0.86	1.03	0.98	0.96	1.08	1.14	1.04	1.07
Accounts Receivable Turnover	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
Fixed Asset Turnover	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
Days Sales Outstanding (DSO)	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
Days Payable Outstanding (DPO)	25.08	23.36	21.72	17.42	18.40	21.39	21.12	19.72	19.39	19.66
Cash Conversion Cycle (CCC)	395.13	369.57	359.26	321.33	331.74	327.57	292.13	318.67	358.89	337.42
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
Invested Capital Turnover	1.02	1.13	1.18	1.43	1.43	1.54	1.88	1.85	1.60	1.62
Increase / (Decrease) in Invested Capital	871	1,061	-116	-224	233	-172	521	2,131	611	1,542
Enterprise Value (EV)	7,097	8,235	12,122	9,037	11,780	11,631	14,191	11,014	22,049	22,083
Market Capitalization	5,571	5,549	9,046	6,849	10,000	11,134	14,094	10,210	22,103	22,333
Book Value per Share	$13.63	$14.09	$14.13	$17.15	$20.14	$24.51	$29.58	$39.13	$48.16	$59.11
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
Total Capital	7,102	8,120	7,599	8,194	8,550	9,734	9,519	10,960	12,345	13,741
Total Debt	2,342	3,461	3,445	3,376	3,092	3,164	2,029	2,046	1,962	1,619
Total Long-Term Debt	2,342	3,461	3,445	3,376	3,092	3,164	2,029	2,046	1,962	1,619
Net Debt	1,526	2,686	3,076	2,188	1,780	496	97	804	-54	-251
Capital Expenditures (CapEx)	45	39	32	59	58	58	73	113	92	119
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
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
Net Working Capital (NWC)	4,219	5,468	5,434	6,445	7,085	8,014	8,683	10,169	11,380	12,179
Net Nonoperating Expense (NNE)	11	37	15	11	10	15	50	10	-32	-82
Net Nonoperating Obligations (NNO)	1,526	2,686	3,076	2,188	1,780	496	97	804	-54	-251
Total Depreciation and Amortization (D&A)	46	54	51	49	54	66	70	71	81	89
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%
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%
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%
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	505	639	680	1,033	1,027	1,438	1,996	2,628	2,570	3,002
Normalized NOPAT Margin	8.44%	8.33%	7.93%	10.13%	10.06%	13.03%	14.53%	16.42%	16.00%	16.73%
Pre Tax Income Margin	13.64%	12.17%	10.95%	13.23%	13.12%	15.66%	18.27%	21.49%	21.48%	22.32%
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
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	32.47	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
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
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%
Augmented Payout Ratio	113.08%	120.77%	228.76%	39.00%	39.02%	21.39%	53.70%	46.57%	43.90%	44.36%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.96%	21.83%	13.53%	7.96%	2.78%	-15.46%	10.45%	9.81%	11.81%	14.63%	-1.43%
EBITDA Growth	29.99%	32.59%	16.90%	10.34%	4.54%	-14.71%	18.51%	9.86%	6.78%	24.56%	-17.20%
EBIT Growth	30.69%	33.00%	16.86%	10.21%	4.39%	-15.14%	18.74%	9.88%	6.77%	24.77%	-18.07%
NOPAT Growth	35.09%	31.96%	15.92%	8.32%	-3.41%	-18.72%	17.46%	12.38%	10.12%	26.62%	-16.70%
Net Income Growth	32.04%	33.01%	17.05%	10.41%	1.73%	-19.41%	24.56%	12.33%	9.26%	28.45%	-21.14%
EPS Growth	47.80%	45.74%	28.42%	17.58%	7.81%	-13.30%	31.91%	19.31%	15.52%	35.28%	-17.10%
Operating Cash Flow Growth	-449.76%	113.34%	242.55%	801.86%	212.67%	-70.34%	-66.29%	-43.52%	-0.40%	96.80%	-44.02%
Free Cash Flow Firm Growth	-262.38%	-1,011.80%	-2.96%	121.65%	153.53%	107.59%	62.55%	-358.93%	-216.49%	-775.97%	-296.73%
Invested Capital Growth	26.15%	28.09%	15.40%	5.07%	-1.46%	6.29%	9.30%	14.35%	15.99%	14.93%	15.64%
Revenue Q/Q Growth	0.39%	30.39%	-29.59%	17.15%	-4.42%	7.25%	-8.02%	16.47%	-2.68%	9.95%	-20.91%
EBITDA Q/Q Growth	-5.87%	36.79%	-36.65%	35.25%	-10.82%	11.61%	-11.95%	25.38%	-13.32%	30.19%	-41.48%
EBIT Q/Q Growth	-6.14%	37.58%	-37.28%	36.09%	-11.10%	11.84%	-12.21%	25.93%	-13.62%	30.70%	-42.37%
NOPAT Q/Q Growth	-1.16%	34.33%	-39.17%	34.10%	-11.86%	13.05%	-12.12%	28.30%	-13.63%	29.99%	-42.17%
Net Income Q/Q Growth	-3.76%	40.50%	-39.67%	35.34%	-11.32%	11.31%	-6.75%	22.05%	-13.75%	30.85%	-42.75%
EPS Q/Q Growth	-1.47%	39.78%	-37.50%	36.60%	-9.66%	12.41%	-4.91%	23.55%	-12.53%	31.64%	-41.72%
Operating Cash Flow Q/Q Growth	-285.74%	339.35%	-26.84%	3.91%	-38.07%	-36.99%	-16.86%	74.10%	9.21%	24.50%	-76.35%
Free Cash Flow Firm Q/Q Growth	-32.41%	12.49%	37.92%	130.10%	227.42%	-87.60%	-405.74%	-108.10%	-47.31%	28.04%	-79.85%
Invested Capital Q/Q Growth	7.96%	-3.58%	1.19%	-0.25%	1.25%	4.00%	4.06%	4.36%	2.70%	3.05%	4.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.63%	30.43%	28.93%	29.92%	29.54%	33.46%	29.67%	30.31%	29.06%	32.08%	27.43%
EBITDA Margin	21.29%	22.34%	20.10%	23.21%	21.66%	22.54%	21.57%	23.22%	20.68%	24.49%	18.12%
Operating Margin	21.48%	22.58%	19.52%	22.40%	20.72%	21.92%	20.61%	22.45%	19.97%	23.55%	17.32%
EBIT Margin	20.82%	21.97%	19.57%	22.73%	21.14%	22.05%	21.04%	22.74%	20.19%	24.00%	17.49%
Profit (Net Income) Margin	16.12%	17.37%	14.89%	17.20%	15.96%	16.56%	16.79%	17.59%	15.59%	18.56%	13.43%
Tax Burden Percent	77.44%	75.73%	75.81%	75.59%	75.39%	75.09%	76.32%	77.18%	77.02%	77.21%	76.75%
Interest Burden Percent	100.00%	104.43%	100.36%	100.10%	100.11%	100.02%	104.56%	100.21%	100.28%	100.14%	100.07%
Effective Tax Rate	22.61%	24.17%	24.19%	24.41%	24.61%	24.91%	23.68%	22.82%	22.98%	22.79%	23.25%
Return on Invested Capital (ROIC)	27.77%	31.67%	26.48%	29.61%	26.29%	26.38%	25.13%	27.77%	24.84%	29.40%	20.52%
ROIC Less NNEP Spread (ROIC-NNEP)	26.36%	34.48%	26.87%	30.91%	27.77%	27.49%	40.09%	52.15%	9.79%	17.39%	29.63%
Return on Net Nonoperating Assets (RNNOA)	4.76%	1.90%	2.70%	3.00%	2.80%	1.07%	1.11%	0.24%	-0.06%	-0.24%	0.15%
Return on Equity (ROE)	32.52%	33.56%	29.19%	32.61%	29.10%	27.45%	26.24%	28.02%	24.78%	29.16%	20.67%
Cash Return on Invested Capital (CROIC)	3.63%	5.74%	15.12%	23.83%	28.78%	19.55%	16.99%	12.78%	11.43%	13.15%	10.50%
Operating Return on Assets (OROA)	23.46%	24.97%	22.96%	26.30%	23.80%	22.93%	22.07%	24.12%	21.40%	25.75%	18.49%
Return on Assets (ROA)	18.17%	19.75%	17.47%	19.90%	17.96%	17.22%	17.61%	18.66%	16.53%	19.91%	14.20%
Return on Common Equity (ROCE)	32.52%	33.56%	29.19%	32.61%	29.10%	27.45%	26.24%	28.02%	24.78%	29.16%	20.67%
Return on Equity Simple (ROE_SIMPLE)	29.38%	0.00%	29.09%	28.47%	27.70%	0.00%	25.40%	25.14%	24.91%	0.00%	23.93%
Net Operating Profit after Tax (NOPAT)	647	870	529	709	625	707	621	797	689	895	518
NOPAT Margin	16.62%	17.12%	14.79%	16.93%	15.62%	16.46%	15.73%	17.33%	15.38%	18.18%	13.30%
Net Nonoperating Expense Percent (NNEP)	1.40%	-2.82%	-0.39%	-1.30%	-1.48%	-1.12%	-14.97%	-24.38%	15.05%	12.01%	-9.11%
Return On Investment Capital (ROIC_SIMPLE)	-	7.93%	-	-	-	5.73%	-	-	-	6.51%	3.72%
Cost of Revenue to Revenue	68.37%	69.57%	71.07%	70.08%	70.46%	66.54%	70.33%	69.69%	70.94%	67.92%	72.57%
SG&A Expenses to Revenue	8.99%	6.91%	9.41%	7.51%	8.82%	7.18%	9.05%	7.85%	9.09%	3.98%	10.10%
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	10.15%	7.85%	9.41%	7.51%	8.82%	11.54%	9.05%	7.85%	9.09%	8.53%	10.10%
Earnings before Interest and Taxes (EBIT)	811	1,116	700	952	846	947	831	1,046	904	1,181	681
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	829	1,135	719	972	867	968	852	1,068	926	1,205	705
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	1.15	1.41	1.77	1.61	2.13	2.41	2.06	2.58	1.84	1.69
Price to Tangible Book Value (P/TBV)	1.06	1.16	1.43	1.80	1.63	2.15	2.44	2.09	2.60	1.86	1.71
Price to Revenue (P/Rev)	0.57	0.64	0.79	1.03	0.96	1.38	1.58	1.37	1.72	1.24	1.16
Price to Earnings (P/E)	3.56	3.98	4.92	6.35	5.93	8.49	9.50	8.21	10.34	7.35	7.18
Dividend Yield	1.63%	1.36%	1.07%	0.82%	0.87%	0.66%	0.60%	0.69%	0.56%	0.75%	0.82%
Earnings Yield	28.08%	25.14%	20.31%	15.76%	16.87%	11.77%	10.53%	12.19%	9.67%	13.61%	13.93%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.13	1.38	1.77	1.62	2.13	2.41	2.06	2.58	1.86	1.68
Enterprise Value to Revenue (EV/Rev)	0.69	0.69	0.83	1.03	0.95	1.37	1.58	1.37	1.72	1.23	1.17
Enterprise Value to EBITDA (EV/EBITDA)	3.29	3.18	3.81	4.74	4.35	6.25	7.09	6.17	7.80	5.45	5.36
Enterprise Value to EBIT (EV/EBIT)	3.36	3.25	3.89	4.84	4.44	6.40	7.26	6.31	7.98	5.57	5.49
Enterprise Value to NOPAT (EV/NOPAT)	4.33	4.19	5.03	6.29	5.88	8.58	9.74	8.42	10.57	7.36	7.23
Enterprise Value to Operating Cash Flow (EV/OCF)	68.86	16.48	11.60	8.59	5.57	10.04	15.04	16.50	21.22	13.14	13.29
Enterprise Value to Free Cash Flow (EV/FCFF)	31.89	22.19	9.79	7.59	5.58	11.25	14.84	17.24	24.26	15.13	17.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.23	0.22	0.21	0.20	0.19	0.18	0.15	0.14	0.13	0.13
Long-Term Debt to Equity	0.29	0.23	0.22	0.21	0.20	0.19	0.18	0.15	0.14	0.13	0.13
Financial Leverage	0.18	0.06	0.10	0.10	0.10	0.04	0.03	0.00	-0.01	-0.01	0.01
Leverage Ratio	1.75	1.72	1.68	1.66	1.65	1.60	1.56	1.52	1.51	1.49	1.47
Compound Leverage Factor	1.75	1.79	1.68	1.66	1.65	1.60	1.64	1.52	1.52	1.49	1.47
Debt to Total Capital	22.46%	18.66%	18.06%	17.32%	16.52%	15.89%	15.39%	12.82%	12.31%	11.78%	11.67%
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	22.46%	18.66%	18.06%	17.32%	16.52%	15.89%	15.39%	12.82%	12.31%	11.78%	11.67%
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	77.54%	81.34%	81.94%	82.68%	83.48%	84.11%	84.61%	87.18%	87.69%	88.22%	88.33%
Debt to EBITDA	0.74	0.59	0.57	0.56	0.54	0.56	0.54	0.44	0.43	0.40	0.42
Net Debt to EBITDA	0.60	0.23	0.16	0.03	-0.02	-0.02	0.00	0.00	-0.01	-0.06	0.03
Long-Term Debt to EBITDA	0.74	0.59	0.57	0.56	0.54	0.56	0.54	0.44	0.43	0.40	0.42
Debt to NOPAT	0.98	0.78	0.76	0.74	0.72	0.76	0.73	0.60	0.58	0.54	0.56
Net Debt to NOPAT	0.79	0.31	0.21	0.04	-0.03	-0.02	-0.01	0.00	-0.02	-0.08	0.04
Long-Term Debt to NOPAT	0.98	0.78	0.76	0.74	0.72	0.76	0.73	0.60	0.58	0.54	0.56
Altman Z-Score	2.84	3.72	3.44	4.02	3.78	4.98	4.70	4.66	5.32	5.36	4.46
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	3.62	5.52	4.00	5.52	5.33	6.02	5.45	5.52	5.34	6.69	5.83
Quick Ratio	0.07	0.47	0.40	0.73	0.73	0.80	0.68	0.56	0.53	0.75	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,442	-1,262	-783	236	772	96	-293	-610	-899	-647	-1,164
Operating Cash Flow to CapEx	-1,560.89%	4,038.84%	2,996.12%	3,465.12%	2,035.85%	1,170.53%	995.96%	1,336.31%	1,176.63%	2,318.67%	453.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-4,583.72	-3,863.74	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	3,746.67	2,642.26	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	3,370.48	2,444.53	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.13	1.14	1.17	1.16	1.13	1.04	1.05	1.06	1.06	1.07	1.06
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	1.00	1.08	1.06	1.06	1.01	0.96	0.97	0.99	0.99	1.02	1.00
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	19.05	18.51	20.32	18.04	20.28	18.83	21.42	19.52	18.89	18.56	19.96
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)	364.31	338.39	343.54	345.47	360.89	378.28	377.90	370.27	368.36	357.09	364.54
Days Payable Outstanding (DPO)	19.16	19.72	17.96	20.23	18.00	19.39	17.04	18.70	19.32	19.66	18.28
Cash Conversion Cycle (CCC)	345.15	318.67	325.58	325.24	342.89	358.89	360.86	351.57	349.04	337.42	346.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,079	9,718	9,834	9,809	9,932	10,329	10,749	11,217	11,520	11,871	12,430
Invested Capital Turnover	1.67	1.85	1.79	1.75	1.68	1.60	1.60	1.60	1.61	1.62	1.54
Increase / (Decrease) in Invested Capital	2,089	2,131	1,312	474	-147	611	915	1,408	1,588	1,542	1,681
Enterprise Value (EV)	10,457	11,014	13,592	17,315	16,058	22,049	25,946	23,153	29,741	22,083	20,942
Market Capitalization	8,543	10,210	13,021	17,211	16,138	22,103	25,960	23,159	29,786	22,333	20,813
Book Value per Share	$35.27	$39.13	$41.06	$43.48	$45.63	$48.16	$50.80	$53.36	$55.72	$59.11	$60.76
Tangible Book Value per Share	$34.67	$38.53	$40.47	$42.89	$45.04	$47.58	$50.22	$52.78	$55.16	$58.55	$60.20
Total Capital	10,528	10,960	11,305	11,738	11,994	12,345	12,719	12,873	13,188	13,741	13,927
Total Debt	2,364	2,046	2,042	2,033	1,981	1,962	1,957	1,650	1,624	1,619	1,626
Total Long-Term Debt	2,364	2,046	2,042	2,033	1,981	1,962	1,957	1,650	1,624	1,619	1,626
Net Debt	1,915	804	570	104	-81	-54	-13	-6.03	-44	-251	129
Capital Expenditures (CapEx)	26	24	24	21	22	25	24	31	39	24	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8,465	9,075	8,279	8,960	9,057	9,531	9,563	9,831	10,022	10,526	10,518
Debt-free Net Working Capital (DFNWC)	8,756	10,169	9,606	10,738	10,957	11,380	11,329	11,277	11,477	12,179	11,794
Net Working Capital (NWC)	8,756	10,169	9,606	10,738	10,957	11,380	11,329	11,277	11,477	12,179	11,794
Net Nonoperating Expense (NNE)	19	-13	-3.28	-11	-14	-4.19	-42	-12	-9.40	-18	-5.27
Net Nonoperating Obligations (NNO)	1,915	804	570	104	-81	-54	-13	-6.03	-44	-251	129
Total Depreciation and Amortization (D&A)	19	19	19	20	21	21	21	22	22	24	25
Debt-free, Cash-free Net Working Capital to Revenue	56.08%	56.71%	50.39%	53.53%	53.76%	59.34%	58.19%	58.36%	57.87%	58.65%	58.79%
Debt-free Net Working Capital to Revenue	58.01%	63.55%	58.47%	64.15%	65.04%	70.85%	68.93%	66.94%	66.27%	67.86%	65.92%
Net Working Capital to Revenue	58.01%	63.55%	58.47%	64.15%	65.04%	70.85%	68.93%	66.94%	66.27%	67.86%	65.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.70	$3.79	$2.35	$3.23	$2.92	$3.29	$3.13	$3.86	$3.38	$4.45	$2.59
Adjusted Weighted Average Basic Shares Outstanding	230.97M	235.01M	225.13M	222.16M	218.29M	219.96M	211.84M	209.55M	206.77M	208.11M	202.06M
Adjusted Diluted Earnings per Share	$2.69	$3.76	$2.35	$3.21	$2.90	$3.26	$3.10	$3.83	$3.35	$4.41	$2.57
Adjusted Weighted Average Diluted Shares Outstanding	232.30M	236.17M	225.96M	223.39M	219.68M	221.16M	213.55M	211.20M	208.46M	209.83M	203.66M
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	232.30M	225.60M	225.96M	223.39M	219.68M	212.11M	210.34M	207.52M	205.08M	202.46M	200.43M
Normalized Net Operating Profit after Tax (NOPAT)	647	870	529	709	625	707	621	797	689	895	518
Normalized NOPAT Margin	16.62%	17.12%	14.79%	16.93%	15.62%	16.46%	15.73%	17.33%	15.38%	18.18%	13.30%
Pre Tax Income Margin	20.82%	22.94%	19.64%	22.75%	21.16%	22.05%	22.00%	22.79%	20.24%	24.03%	17.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	12,980.33	6,621.17	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	9,708.05	5,045.42	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	12,604.14	6,423.44	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	9,331.86	4,847.69	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.08%	5.51%	5.30%	5.15%	5.13%	5.47%	5.44%	5.49%	5.60%	5.44%	5.81%
Augmented Payout Ratio	58.52%	46.57%	32.19%	29.78%	33.97%	43.90%	45.54%	46.60%	46.56%	44.36%	48.42%

Frequently Asked Questions About PulteGroup's Financials

When does PulteGroup's fiscal year end?

According to the most recent income statement we have on file, PulteGroup's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PulteGroup's net income changed over the last 9 years?

PulteGroup's net income appears to be on an upward trend, with a most recent value of $3.08 billion in 2024, rising from $494.09 million in 2015. The previous period was $2.60 billion in 2023. View PulteGroup's forecast to see where analysts expect PulteGroup to go next.

What is PulteGroup's operating income?

PulteGroup's total operating income in 2024 was $3.90 billion, based on the following breakdown:

Total Gross Profit: $5.45 billion
Total Operating Expenses: $1.55 billion

How has PulteGroup revenue changed over the last 9 years?

Over the last 9 years, PulteGroup's total revenue changed from $5.98 billion in 2015 to $17.95 billion in 2024, a change of 200.0%.

How much debt does PulteGroup have?

PulteGroup's total liabilities were at $5.24 billion at the end of 2024, a 8.1% decrease from 2023, and a 18.3% increase since 2015.

How much cash does PulteGroup have?

In the past 9 years, PulteGroup's cash and equivalents has ranged from $272.68 million in 2017 to $2.58 billion in 2020, and is currently $1.61 billion as of their latest financial filing in 2024.

How has PulteGroup's book value per share changed over the last 9 years?

Over the last 9 years, PulteGroup's book value per share changed from 13.63 in 2015 to 59.11 in 2024, a change of 333.6%.

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This page (NYSE:PHM) was last updated on 5/6/2025 by MarketBeat.com Staff

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PulteGroup (PHM) Financials

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