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PulteGroup (PHM) Financials

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$134.04 -0.71 (-0.52%)
As of 10:06 AM Eastern
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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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 711 663 809 698 869 523 608 586 502 347 472
Consolidated Net Income / (Loss)		 711 663 809 698 913 523 608 586 502 347 472
Net Income / (Loss) Continuing Operations		 711 663 809 698 869 523 608 586 502 347 472
Total Pre-Tax Income 		947 869 1,048 906 1,183 681 807 768 655 449 622
Total Operating Income		 941 814 1,033 894 1,159 674 808 764 753 442 615
Total Gross Profit		 1,437 1,172 1,394 1,301 1,579 1,068 1,198 1,164 1,374 822 998
Total Revenue		 4,294 3,949 4,600 4,476 4,922 3,893 4,404 4,405 4,611 3,409 3,983
Operating Revenue		 4,294 3,949 4,600 4,476 4,922 3,893 4,404 4,405 4,611 3,409 3,983
Total Cost of Revenue		 2,857 2,778 3,206 3,175 3,343 2,825 3,206 3,241 3,236 2,586 2,985
Operating Cost of Revenue		 2,857 2,778 3,206 3,175 3,343 2,825 3,206 3,241 3,236 2,586 2,985
Total Operating Expenses		 496 358 361 407 420 393 390 401 621 380 383
Selling, General & Admin Expense		 308 358 361 407 196 393 390 401 389 380 383
Total Other Income / (Expense), net		 0.66 55 15 12 -20 6.86 -0.60 4.18 -102 7.62 7.88
Interest & Investment Income		 - 38 2.17 2.51 - 0.50 0.41 2.42 - 0.88 3.96
Other Income / (Expense), net		 5.37 17 13 9.70 22 6.36 -1.01 1.76 -99 6.75 3.92
Income Tax Expense		 236 206 239 208 269 158 199 182 154 102 150
Basic Earnings per Share		 $3.29 $3.13 $3.86 $3.38 $4.45 $2.59 $3.05 $2.98 $2.59 $1.81 $2.49
Weighted Average Basic Shares Outstanding		 219.96M 211.84M 209.55M 206.77M 208.11M 202.06M 199.24M 196.54M 197.97M 192.09M 189.39M
Diluted Earnings per Share		 $3.26 $3.10 $3.83 $3.35 $4.41 $2.57 $3.03 $2.96 $2.56 $1.79 $2.48
Weighted Average Diluted Shares Outstanding		 221.16M 213.55M 211.20M 208.46M 209.83M 203.66M 200.68M 198.14M 199.54M 193.40M 190.58M
Weighted Average Basic & Diluted Shares Outstanding		 212.11M 210.34M 207.52M 205.08M 202.46M 200.43M 197.30M 194.92M 192.33M 190.49M 187.45M
Cash Dividends to Common per Share		 $0.20 $0.20 $0.20 $0.20 $0.22 $0.22 $0.22 $0.22 $0.26 $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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -50 -83 -320 9.17 199 -378 -8.56 212 529 -165 -466
Net Cash From Operating Activities		 288 240 417 456 568 134 288 678 771 160 17
Net Cash From Continuing Operating Activities		 288 240 417 456 568 134 288 678 771 160 17
Net Income / (Loss) Continuing Operations		 711 663 809 698 913 523 608 586 502 347 472
Consolidated Net Income / (Loss)		 711 663 809 698 913 523 608 586 502 347 472
Depreciation Expense		 21 21 22 22 24 25 25 26 37 25 25
Non-Cash Adjustments To Reconcile Net Income		 35 -16 16 20 15 43 32 37 148 32 33
Changes in Operating Assets and Liabilities, net		 -479 -428 -429 -284 -385 -456 -378 30 84 -244 -513
Net Cash From Investing Activities		 -34 -27 -39 -42 14 -40 0.55 -25 -16 -25 -63
Net Cash From Continuing Investing Activities		 -34 -27 -39 -42 14 -40 0.55 -25 -16 -25 -63
Purchase of Property, Plant & Equipment		 -25 -24 -31 -39 -24 -30 -35 -27 -31 -25 -30
Acquisitions		 -5.34 -3.96 -5.14 -6.01 -0.93 -6.68 -1.28 -1.22 -6.57 -2.92 -38
Sale and/or Maturity of Investments		 0.95 3.40 0.08 5.54 0.16 0.00 39 6.25 18 3.01 2.50
Other Investing Activities, net		 -5.03 -2.26 -3.01 -2.94 39 -3.45 -3.06 -2.69 3.49 0.38 2.52
Net Cash From Financing Activities		 -305 -296 -698 -405 -383 -472 -297 -441 -226 -300 -420
Net Cash From Continuing Financing Activities		 -305 -296 -698 -405 -383 -472 -297 -441 -226 -300 -420
Repayment of Debt		 38 24 -317 -32 -4.09 -103 65 -96 113 -700 22
Repurchase of Common Equity		 -300 -246 -314 -320 -320 -300 -300 -300 -300 -308 -373
Payment of Dividends		 -35 -43 -42 -42 -41 -46 -44 -44 -43 -52 -50
Other Financing Activities, net		 -7.56 -31 -24 -11 -8.01 -24 -5.84 -2.08 4.66 -35 -7.70
Cash Interest Paid		 -0.26 7.25 5.96 6.93 5.91 3.34 4.75 4.82 4.34 4.51 1.37
Cash Income Taxes Paid		 238 1.02 364 181 193 70 323 141 165 3.91 266

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 2,900
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
Customer Deposits		 186 188 251 255 - 449 - - - - 388
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 2,163
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
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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 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 3/31/2026 6/30/2026
Total Assets		 15,717 16,087 16,496 16,544 16,955 17,364 17,337 17,588 17,851 18,196 18,263
Total Current Assets		 13,485 13,645 13,873 13,770 14,122 14,319 14,235 14,483 14,832 15,144 15,093
Cash & Equivalents		 1,848 1,807 1,720 1,393 1,398 1,613 1,236 1,234 1,452 1,807 1,336
Restricted Cash		 51 43 47 53 57 40 40 33 28 36 42
Inventories, net		 11,585 11,795 12,107 12,324 12,667 12,666 12,959 13,216 13,352 13,301 13,715
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		 2,232 2,443 2,623 2,774 2,833 3,044 3,101 3,104 3,019 3,052 3,170
Long-Term Investments		 162 167 204 210 213 215 221 182 179 168 203
Noncurrent Note & Lease Receivables		 414 516 571 569 557 630 643 582 486 509 550
Goodwill		 69 69 69 69 69 69 69 69 69 40 40
Intangible Assets		 59 56 54 51 49 46 44 42 39 25 23
Noncurrent Deferred & Refundable Income Taxes		 66 65 62 54 48 55 53 52 50 48 47
Other Noncurrent Operating Assets		 1,462 1,569 1,663 1,820 1,898 2,029 2,072 2,179 2,196 2,261 2,307
Total Liabilities & Shareholders' Equity		 15,717 16,087 16,496 16,544 16,955 17,364 17,337 17,588 17,851 18,196 18,263
Total Liabilities		 5,705 5,704 5,734 5,321 5,391 5,242 5,036 5,013 5,025 5,242 5,249
Total Current Liabilities		 2,528 2,265 2,544 2,493 2,645 2,140 2,442 2,891 2,997 2,966 2,951
Accounts Payable		 568 619 575 652 705 728 682 713 731 689 718
Accrued Expenses		 1,629 1,646 1,632 1,460 1,539 1,412 1,297 1,198 1,305 1,354 1,262
Customer Deposits		 - - - - - - - 521 471 467 512
Current Deferred & Payable Income Tax Liabilities		 331 - 337 381 401 - 462 460 490 457 460
Total Noncurrent Liabilities		 3,177 3,439 3,190 2,829 2,746 3,102 2,594 2,121 2,028 2,276 2,298
Long-Term Debt		 1,981 1,962 1,957 1,650 1,624 1,619 1,626 1,623 1,623 1,821 1,820
Other Noncurrent Operating Liabilities		 425 500 534 524 524 527 427 498 404 455 478
Total Equity & Noncontrolling Interests		 10,013 10,383 10,762 11,223 11,564 12,122 12,301 12,575 12,826 12,954 13,014
Total Preferred & Common Equity		 10,013 10,383 10,762 11,223 11,564 12,122 12,301 12,575 12,826 12,954 13,014
Total Common Equity		 10,013 10,383 10,762 11,223 11,564 12,122 12,301 12,575 12,826 12,954 13,014
Common Stock		 10,013 3,371 10,762 11,223 11,564 3,427 12,301 12,575 12,826 12,954 13,014

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 192,327,885.00 190,486,353.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 192,327,885.00 190,486,353.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.80 2.48
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -15.46% 10.45% 9.81% 11.81% 14.63% -1.43% -4.26% -1.60% -6.32% -12.44% -9.56%
EBITDA Growth		 -14.71% 18.51% 9.86% 6.78% 24.56% -17.20% -22.11% -14.54% -42.64% -32.93% -22.59%
EBIT Growth		 -15.14% 18.74% 9.88% 6.77% 24.77% -18.07% -22.88% -15.31% -44.59% -34.10% -23.34%
NOPAT Growth		 -18.72% 17.46% 12.38% 10.12% 26.62% -16.70% -23.61% -15.38% -35.59% -34.09% -23.47%
Net Income Growth		 -19.41% 24.56% 12.33% 9.26% 28.45% -21.14% -24.80% -16.06% -45.07% -33.63% -22.43%
EPS Growth		 -13.30% 31.91% 19.31% 15.52% 35.28% -17.10% -20.89% -11.64% -41.95% -30.35% -18.15%
Operating Cash Flow Growth		 -70.34% -66.29% -43.52% -0.40% 96.80% -44.02% -31.13% 48.80% 35.86% 19.01% -94.07%
Free Cash Flow Firm Growth		 107.59% 62.55% -358.93% -216.49% -775.97% -296.73% -51.22% 23.47% 101.16% 100.66% 95.78%
Invested Capital Growth		 6.29% 9.30% 14.35% 15.99% 14.93% 15.64% 13.66% 11.03% 4.79% 2.68% 3.96%
Revenue Q/Q Growth		 7.25% -8.02% 16.47% -2.68% 9.95% -20.91% 13.13% 0.02% 4.68% -26.07% 16.85%
EBITDA Q/Q Growth		 11.61% -11.95% 25.38% -13.32% 30.19% -41.48% 17.93% -4.88% -12.62% -31.58% 36.11%
EBIT Q/Q Growth		 11.84% -12.21% 25.93% -13.62% 30.70% -42.37% 18.53% -5.13% -14.50% -31.46% 37.89%
NOPAT Q/Q Growth		 13.05% -12.12% 28.30% -13.63% 29.99% -42.17% 17.66% -4.32% -1.06% -40.83% 36.62%
Net Income Q/Q Growth		 11.31% -6.75% 22.05% -13.75% 30.85% -42.75% 16.39% -3.72% -14.38% -30.82% 36.03%
EPS Q/Q Growth		 12.41% -4.91% 23.55% -12.53% 31.64% -41.72% 17.90% -2.31% -13.51% -30.08% 38.55%
Operating Cash Flow Q/Q Growth		 -36.99% -16.86% 74.10% 9.21% 24.50% -76.35% 114.19% 135.96% 13.67% -79.28% -89.33%
Free Cash Flow Firm Q/Q Growth		 -87.60% -405.74% -108.10% -47.31% 28.04% -79.85% 20.68% 25.45% 101.09% 2.26% -607.04%
Invested Capital Q/Q Growth		 4.00% 4.06% 4.36% 2.70% 3.05% 4.70% 2.57% 0.33% -2.74% 2.60% 3.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 33.46% 29.67% 30.31% 29.06% 32.08% 27.43% 27.21% 26.43% 29.81% 24.12% 25.04%
EBITDA Margin		 22.54% 21.57% 23.22% 20.68% 24.49% 18.12% 18.89% 17.96% 15.00% 13.88% 16.17%
Operating Margin		 21.92% 20.61% 22.45% 19.97% 23.55% 17.32% 18.34% 17.34% 16.33% 12.96% 15.43%
EBIT Margin		 22.05% 21.04% 22.74% 20.19% 24.00% 17.49% 18.32% 17.38% 14.19% 13.16% 15.53%
Profit (Net Income) Margin		 16.56% 16.79% 17.59% 15.59% 18.56% 13.43% 13.82% 13.30% 10.88% 10.18% 11.85%
Tax Burden Percent		 75.09% 76.32% 77.18% 77.02% 77.21% 76.75% 75.39% 76.30% 76.55% 77.21% 75.83%
Interest Burden Percent		 100.02% 104.56% 100.21% 100.28% 100.14% 100.07% 100.05% 100.32% 100.12% 100.20% 100.64%
Effective Tax Rate		 24.91% 23.68% 22.82% 22.98% 22.79% 23.25% 24.61% 23.70% 23.45% 22.79% 24.17%
Return on Invested Capital (ROIC)		 26.38% 25.13% 27.77% 24.84% 29.40% 20.52% 20.42% 19.18% 17.81% 13.37% 14.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 27.49% 40.09% 52.15% 9.79% 17.39% 29.63% 19.88% 11.20% 36.63% -5.70% 17.65%
Return on Net Nonoperating Assets (RNNOA)		 1.07% 1.11% 0.24% -0.06% -0.24% 0.15% 0.14% -0.04% -1.16% 0.01% 0.29%
Return on Equity (ROE)		 27.45% 26.24% 28.02% 24.78% 29.16% 20.67% 20.56% 19.14% 16.65% 13.38% 15.05%
Cash Return on Invested Capital (CROIC)		 19.55% 16.99% 12.78% 11.43% 13.15% 10.50% 9.83% 10.97% 14.12% 14.10% 11.24%
Operating Return on Assets (OROA)		 22.93% 22.07% 24.12% 21.40% 25.75% 18.49% 18.99% 17.60% 13.88% 12.46% 14.21%
Return on Assets (ROA)		 17.22% 17.61% 18.66% 16.53% 19.91% 14.20% 14.33% 13.47% 10.64% 9.64% 10.85%
Return on Common Equity (ROCE)		 27.45% 26.24% 28.02% 24.78% 29.16% 20.67% 20.56% 19.14% 16.65% 13.38% 15.05%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 25.40% 25.14% 24.91% 0.00% 23.93% 21.81% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 707 621 797 689 895 518 609 583 576 341 466
NOPAT Margin		 16.46% 15.73% 17.33% 15.38% 18.18% 13.30% 13.83% 13.23% 12.50% 10.01% 11.70%
Net Nonoperating Expense Percent (NNEP)		 -1.12% -14.97% -24.38% 15.05% 12.01% -9.11% 0.54% 7.98% -18.82% 19.06% -2.89%
Return On Investment Capital (ROIC_SIMPLE)		 5.73% - - - 6.51% 3.72% 4.29% 4.03% 3.94% 2.31% 3.14%
Cost of Revenue to Revenue		 66.54% 70.33% 69.69% 70.94% 67.92% 72.57% 72.79% 73.57% 70.19% 75.88% 74.96%
SG&A Expenses to Revenue		 7.18% 9.05% 7.85% 9.09% 3.98% 10.10% 8.87% 9.10% 8.45% 11.16% 9.62%
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		 11.54% 9.05% 7.85% 9.09% 8.53% 10.10% 8.87% 9.10% 13.48% 11.16% 9.62%
Earnings before Interest and Taxes (EBIT)		 947 831 1,046 904 1,181 681 807 765 654 449 618
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 968 852 1,068 926 1,205 705 832 791 691 473 644
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.13 2.41 2.06 2.58 1.84 1.69 1.68 2.03 1.76 1.75 2.01
Price to Tangible Book Value (P/TBV)		 2.15 2.44 2.09 2.60 1.86 1.71 1.70 2.05 1.77 1.76 2.02
Price to Revenue (P/Rev)		 1.38 1.58 1.37 1.72 1.24 1.16 1.19 1.48 1.32 1.34 1.59
Price to Earnings (P/E)		 8.49 9.50 8.21 10.34 7.35 7.18 7.83 10.08 10.30 11.07 13.71
Dividend Yield		 0.66% 0.60% 0.69% 0.56% 0.75% 0.82% 0.82% 0.67% 0.78% 0.82% 0.73%
Earnings Yield		 11.77% 10.53% 12.19% 9.67% 13.61% 13.93% 12.77% 9.92% 9.71% 9.03% 7.29%
Enterprise Value to Invested Capital (EV/IC)		 2.13 2.41 2.06 2.58 1.86 1.68 1.67 2.04 1.79 1.76 1.99
Enterprise Value to Revenue (EV/Rev)		 1.37 1.58 1.37 1.72 1.23 1.17 1.20 1.48 1.29 1.33 1.61
Enterprise Value to EBITDA (EV/EBITDA)		 6.25 7.09 6.17 7.80 5.45 5.36 5.81 7.37 7.39 8.05 10.15
Enterprise Value to EBIT (EV/EBIT)		 6.40 7.26 6.31 7.98 5.57 5.49 5.97 7.58 7.67 8.38 10.61
Enterprise Value to NOPAT (EV/NOPAT)		 8.58 9.74 8.42 10.57 7.36 7.23 7.86 10.00 9.76 10.64 13.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.04 15.04 16.50 21.22 13.14 13.29 14.75 15.61 11.92 11.82 16.22
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.25 14.84 17.24 24.26 15.13 17.21 18.09 19.52 13.00 12.63 18.05
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.19 0.18 0.15 0.14 0.13 0.13 0.13 0.13 0.13 0.14 0.14
Long-Term Debt to Equity		 0.19 0.18 0.15 0.14 0.13 0.13 0.13 0.13 0.13 0.14 0.14
Financial Leverage		 0.04 0.03 0.00 -0.01 -0.01 0.01 0.01 0.00 -0.03 0.00 0.02
Leverage Ratio		 1.60 1.56 1.52 1.51 1.49 1.47 1.43 1.43 1.41 1.41 1.40
Compound Leverage Factor		 1.60 1.64 1.52 1.52 1.49 1.47 1.44 1.43 1.41 1.41 1.41
Debt to Total Capital		 15.89% 15.39% 12.82% 12.31% 11.78% 11.67% 11.43% 11.23% 11.16% 12.32% 12.27%
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		 15.89% 15.39% 12.82% 12.31% 11.78% 11.67% 11.43% 11.23% 11.16% 12.32% 12.27%
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		 84.11% 84.61% 87.18% 87.69% 88.22% 88.33% 88.57% 88.77% 88.84% 87.68% 87.73%
Debt to EBITDA		 0.56 0.54 0.44 0.43 0.40 0.42 0.44 0.46 0.54 0.65 0.70
Net Debt to EBITDA		 -0.02 0.00 0.00 -0.01 -0.06 0.03 0.05 -0.01 -0.18 -0.07 0.09
Long-Term Debt to EBITDA		 0.56 0.54 0.44 0.43 0.40 0.42 0.44 0.46 0.54 0.65 0.70
Debt to NOPAT		 0.76 0.73 0.60 0.58 0.54 0.56 0.60 0.62 0.71 0.86 0.93
Net Debt to NOPAT		 -0.02 -0.01 0.00 -0.02 -0.08 0.04 0.06 -0.01 -0.24 -0.09 0.12
Long-Term Debt to NOPAT		 0.76 0.73 0.60 0.58 0.54 0.56 0.60 0.62 0.71 0.86 0.93
Altman Z-Score		 4.98 4.70 4.66 5.32 5.36 4.46 4.48 5.04 5.35 4.40 4.80
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		 6.02 5.45 5.52 5.34 6.69 5.83 5.01 4.95 6.09 5.11 5.11
Quick Ratio		 0.80 0.68 0.56 0.53 0.75 0.51 0.43 0.48 0.81 0.61 0.45
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 96 -293 -610 -899 -647 -1,164 -923 -688 7.52 7.69 -39
Operating Cash Flow to CapEx		 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% 57.02%
Free Cash Flow to Firm to Interest Expense		 0.00 -4,583.72 -3,863.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 3,746.67 2,642.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 3,370.48 2,444.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.04 1.05 1.06 1.06 1.07 1.06 1.04 1.01 0.98 0.95 0.92
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		 0.96 0.97 0.99 0.99 1.02 1.00 0.98 0.97 0.98 0.93 0.89
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		 18.83 21.42 19.52 18.89 18.56 19.96 18.39 17.57 17.22 17.90 16.84
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)		 378.28 377.90 370.27 368.36 357.09 364.54 371.42 376.44 373.80 390.63 407.92
Days Payable Outstanding (DPO)		 19.39 17.04 18.70 19.32 19.66 18.28 19.84 20.77 21.20 20.39 21.67
Cash Conversion Cycle (CCC)		 358.89 360.86 351.57 349.04 337.42 346.26 351.58 355.67 352.60 370.24 386.25
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 10,329 10,749 11,217 11,520 11,871 12,430 12,749 12,791 12,440 12,763 13,254
Invested Capital Turnover		 1.60 1.60 1.60 1.61 1.62 1.54 1.48 1.45 1.42 1.34 1.26
Increase / (Decrease) in Invested Capital		 611 915 1,408 1,588 1,542 1,681 1,532 1,271 569 333 505
Enterprise Value (EV)		 22,049 25,946 23,153 29,741 22,083 20,942 21,311 26,034 22,311 22,429 26,377
Market Capitalization		 22,103 25,960 23,159 29,786 22,333 20,813 21,137 26,069 22,856 22,620 26,137
Book Value per Share		 $48.16 $50.80 $53.36 $55.72 $59.11 $60.76 $62.74 $65.01 $66.62 $67.35 $68.32
Tangible Book Value per Share		 $47.58 $50.22 $52.78 $55.16 $58.55 $60.20 $62.19 $64.46 $66.28 $67.02 $67.98
Total Capital		 12,345 12,719 12,873 13,188 13,741 13,927 14,198 14,449 14,617 14,775 14,834
Total Debt		 1,962 1,957 1,650 1,624 1,619 1,626 1,623 1,623 1,631 1,821 1,820
Total Long-Term Debt		 1,962 1,957 1,650 1,624 1,619 1,626 1,623 1,623 1,631 1,821 1,820
Net Debt		 -54 -13 -6.03 -44 -251 129 174 -35 -545 -191 240
Capital Expenditures (CapEx)		 25 24 31 39 24 30 35 27 31 25 30
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 9,531 9,563 9,831 10,022 10,526 10,518 10,325 10,355 10,474 10,335 10,764
Debt-free Net Working Capital (DFNWC)		 11,380 11,329 11,277 11,477 12,179 11,794 11,592 11,834 12,483 12,178 12,141
Net Working Capital (NWC)		 11,380 11,329 11,277 11,477 12,179 11,794 11,592 11,834 12,483 12,178 12,141
Net Nonoperating Expense (NNE)		 -4.19 -42 -12 -9.40 -18 -5.27 0.45 -3.19 75 -5.89 -5.98
Net Nonoperating Obligations (NNO)		 -54 -13 -6.03 -44 -251 129 174 -35 -545 -191 240
Total Depreciation and Amortization (D&A)		 21 21 22 22 24 25 25 26 37 25 25
Debt-free, Cash-free Net Working Capital to Revenue		 59.34% 58.19% 58.36% 57.87% 58.65% 58.79% 58.35% 58.76% 60.50% 61.42% 65.61%
Debt-free Net Working Capital to Revenue		 70.85% 68.93% 66.94% 66.27% 67.86% 65.92% 65.51% 67.15% 72.11% 72.37% 74.00%
Net Working Capital to Revenue		 70.85% 68.93% 66.94% 66.27% 67.86% 65.92% 65.51% 67.15% 72.11% 72.37% 74.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.29 $3.13 $3.86 $3.38 $4.45 $2.59 $3.05 $2.98 $2.59 $1.81 $2.49
Adjusted Weighted Average Basic Shares Outstanding		 219.96M 211.84M 209.55M 206.77M 208.11M 202.06M 199.24M 196.54M 197.97M 192.09M 189.39M
Adjusted Diluted Earnings per Share		 $3.26 $3.10 $3.83 $3.35 $4.41 $2.57 $3.03 $2.96 $2.56 $1.79 $2.48
Adjusted Weighted Average Diluted Shares Outstanding		 221.16M 213.55M 211.20M 208.46M 209.83M 203.66M 200.68M 198.14M 199.54M 193.40M 190.58M
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		 212.11M 210.34M 207.52M 205.08M 202.46M 200.43M 197.30M 194.92M 192.33M 190.49M 187.45M
Normalized Net Operating Profit after Tax (NOPAT)		 707 621 797 689 895 518 609 583 576 341 466
Normalized NOPAT Margin		 16.46% 15.73% 17.33% 15.38% 18.18% 13.30% 13.83% 13.23% 12.50% 10.01% 11.70%
Pre Tax Income Margin		 22.05% 22.00% 22.79% 20.24% 24.03% 17.50% 18.33% 17.43% 14.21% 13.18% 15.63%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 12,980.33 6,621.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 9,708.05 5,045.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 12,604.14 6,423.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 9,331.86 4,847.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 5.47% 5.44% 5.49% 5.60% 5.44% 5.81% 6.30% 6.65% 7.96% 8.95% 9.88%
Augmented Payout Ratio		 43.90% 45.54% 46.60% 46.56% 44.36% 48.42% 51.52% 53.03% 62.05% 68.09% 77.09%

Financials Breakdown Chart

Key Financial Trends

PulteGroup’s latest quarter shows a business that is still highly profitable, but operating momentum cooled versus the very strong second half of 2024. In Q1 2026, revenue came in at $3.41 billion, down from $4.61 billion in Q4 2025 and $3.89 billion in Q1 2025. Net income was $347.0 million, also below the prior quarter’s $501.6 million and the year-ago quarter’s $523.0 million. Even so, the company remains solidly in the black and continues to generate positive operating cash flow.

Margins look more pressured than they were during 2024. Gross profit in Q1 2026 was $822.1 million, which works out to a gross margin of about 24.1%, down from 29.8% in Q4 2025 and 27.4% in Q1 2025. Operating income fell to $441.8 million, with operating margin at roughly 13.0%, compared with 16.3% in Q4 2025 and 17.3% a year earlier. That suggests a tougher pricing or cost backdrop than last year’s peak periods.

Cash generation was positive, but noticeably weaker than the latest strong quarter. Operating cash flow in Q1 2026 was $159.8 million versus $771.1 million in Q4 2025. The quarter also saw a $243.7 million drag from changes in operating assets and liabilities, which weighed on cash conversion. Free cash flow was helped by low capital spending, but the overall cash picture was softer than recent quarters.

The balance sheet remains healthy, with substantial equity and manageable debt. As of March 31, 2026, PulteGroup had $1.81 billion in cash and equivalents and $36.4 million in restricted cash, against $5.24 billion in total liabilities. Long-term debt stood at $1.82 billion, which is modest relative to $12.95 billion in common equity. The company still has a strong net asset base and plenty of liquidity.

One notable change is the increase in debt and reduction in cash versus late 2025. Long-term debt rose from $1.62 billion at Q4 2025 to $1.82 billion in Q1 2026, while cash declined from $1.61 billion to $1.81 billion on a quarter-to-quarter basis after adjusting for the capital structure changes. At the same time, the company continued to return capital through buybacks and dividends.

Over the last four years, the trend is still impressive. PulteGroup has grown from roughly $3.57 billion in Q1 2023 revenue to $3.41 billion in Q1 2026, with much stronger peaks in 2024 and 2025. Net income has remained consistently profitable across every quarter provided, often above $500 million in strong periods. That shows a resilient homebuilding franchise, even though results can be cyclical quarter to quarter.

  • Consistent profitability: PHM has posted positive net income in every quarter shown, including $347.0 million in Q1 2026.
  • Strong liquidity position: The company held $1.81 billion in cash and equivalents at the end of Q1 2026.
  • Low leverage relative to equity: Long-term debt of $1.82 billion remains modest versus $12.95 billion of common equity.
  • Still generating operating cash flow: Q1 2026 operating cash flow was positive at $159.8 million.
  • Ongoing shareholder returns: The company continued repurchasing stock and paying a dividend.
  • Inventory remains large: Inventories were $13.30 billion in Q1 2026, reflecting the capital-intensive nature of homebuilding.
  • Interest and other income helped pre-tax results: Non-operating income contributed $7.6 million in Q1 2026.
  • EPS remains strong on an absolute basis: Diluted EPS was $1.79 in Q1 2026.
  • Revenue declined sequentially: Q1 2026 revenue fell from $4.61 billion in Q4 2025.
  • Margins compressed year over year: Gross margin and operating margin were both below Q1 2025 levels.

Bottom line: PulteGroup remains financially sound and highly profitable, but the latest quarter points to some cooling from the stronger results seen in 2024 and late 2025. Investors will likely focus on whether margins and cash generation stabilize as the year progresses, especially given the company’s continued buybacks and debt activity.

07/29/26 08:58 AM ETAI Generated. May Contain Errors.

PulteGroup Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PulteGroup's financial year ends in December. Their financial 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. View PulteGroup's forecast to see where analysts expect PulteGroup to go next.

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 7/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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