PHMPulteGroup

Consumer discretionary · Homebuilders · NYSE

Employees: 6,506
Headquarters: Atlanta, GA
Next results: around Jan 28, 2027

All key numbers (36, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	9.36	Sales (ttm)	16.0B	Net income (ttm)	1.8B	Sales growth	-3.5%	EPS growth	-24.3%	Sales Q/Q	-9.8%
Free cash flow	1.3B	Gross margin	-	Oper. margin	-	Net margin	11.2%	FCF margin	8.1%	ROE	13.7%
ROA	9.7%	R&D / sales	-	Dividend	0.92	Debt/Eq	0.00	Curr. ratio	-	Cash	1.4B
Op. cash flow (ttm)	1.4B	Net debt	-1.3B	Payout ratio	8.3%	Tax rate	23.8%	Stock pay / sales	0.3%	Shares out.	184.1M
Shares Y/Y	-4.9%	Book / share	71.14	Cash / share	7.44	Sales / share	86.79	Asset turnover	0.86	Days sales out.	0
Sales 3Y CAGR	+2.7%	Sales 5Y CAGR	+9.4%	EPS 3Y CAGR	+0.3%	EPS 5Y CAGR	+16.5%	Employees	6,506	Sales / employee	2.5M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Revenue growth slowed to -3.5%+11.7% → -3.5% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗

What management wrote about it → · Every company →

PHM against Consumer discretionary peers

Ten years, side by side → · All 47 →

PHMPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 47 companies, the better end on the right. Hover a dot for the company.

Sales growth

-3.5%45th of 47 · median +5.4%

Net margin

11.2%22nd of 47 · median 10.8%

Return on equity

13.7%26th of 34 · median 32.5%

Free cash flow margin

8.1%28th of 45 · median 9.4%

Debt / equity (less is better)

0.003rd of 28 · median 0.73

PHM and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
PHM PulteGroup	$16.0B	-3.5%	-	11.2%	13.7%	8.1%	0.00
MGM MGM Resorts	$17.7B	+1.7%	-	3.9%	27.7%	7.9%	2.26
DASH DoorDash	$17.1B	+27.9%	-	6.2%	9.9%	15.8%	-
EXPE Expedia Group	$16.2B	+7.6%	-	13.0%	127.5%	23.1%	3.31
TSCO Tractor Supply	$15.9B	+4.3%	36.2%	6.1%	36.7%	1.8%	0.84
ABNB Airbnb	$13.9B	+10.3%	83.1%	23.0%	34.4%	-	0.25

Profitability

2 of 3

✓
Net margin above the peer median11.2% vs 10.8%
!
Return on equity below 15%13.7%
✓
A profit in every one of 10 years

Net margin, FY2016 to FY2025: 7.9% → 12.8%

Balance sheet

2 of 2

✓
Debt smaller than equityDebt / equity 0.00 on the latest balance sheet (peer median 0.73)
✓
More cash than debtNet cash $1.3B

Debt / equity at each year end, FY2016 to FY2025: 0.01 → 0.00

Cash and shareholders

3 of 4

✓
Free cash flow positive in every one of 10 years$1.7B last year
✓
Share count down over 5 years−25.9%
✓
Dividend per share up over 5 years$0.50 → $0.92
!
Cash from operations below net income$1.9B vs $2.2B

Free cash flow, FY2016 to FY2025: 29.0M → 1.7B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2016 to FY2025

Revenue 17.3B Net income 2.2B

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $17.3B of revenue came from

by segment, year to Dec 31, 2025

Home Building $16.9B · 98%
Financial Services $388.7M · 2%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

PHM's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue17.3B

Net income2.2B

Free cash flow1.7B

EPS (diluted)11.12

Dividend per share0.92

Diluted shares199.5M

Revenue by business segment

year to Dec 31, 2025

	Revenue	Share	vs year before
Home Building	16.9B	97.8%	-3.4%
Financial Services	388.7M	2.2%	-10.2%

10-K 0000822416-26-000007, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	7.7B	8.6B	10.2B	10.2B	11.0B	13.7B	16.0B	16.1B	17.9B	17.3B
SG&A	957.1M	891.6M	1.0B	1.0B	1.0B	1.2B	1.4B	1.3B	1.3B	1.6B
Interest expense	686K	503K	618K	584K	4.2M	502K	284K	469K	479K	605K
Pretax income	933.9M	938.8M	1.3B	1.3B	1.7B	2.5B	3.4B	3.4B	4.0B	2.9B
Income tax	331.1M	491.6M	325.5M	322.9M	321.9M	563.5M	822.2M	846.9M	922.6M	692.6M
Net income	602.7M	447.2M	1.0B	1.0B	1.4B	1.9B	2.6B	2.6B	3.1B	2.2B
EPS (diluted)	1.75	1.44	3.55	3.66	5.18	7.43	11.01	11.72	14.69	11.12
Diluted shares	342.1M	306.8M	284.9M	275.3M	269.4M	259.9M	236.2M	221.2M	209.8M	199.5M
Depreciation & amortization	54.0M	51.0M	49.4M	54.0M	66.1M	70.0M	70.9M	80.8M	89.2M	112.5M
Net margin	7.9%	5.2%	10.0%	10.0%	12.7%	14.2%	16.4%	16.2%	17.2%	12.8%
Revenue growth	-	+11.7%	+18.8%	+0.2%	+8.1%	+24.5%	+16.5%	+0.4%	+11.7%	-3.5%
EPS growth	-	-17.7%	+147%	+3.1%	+41.5%	+43.4%	+48.2%	+6.4%	+25.3%	-24.3%

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	698.9M	272.7M	1.1B	1.2B	2.6B	1.8B	1.1B	1.8B	1.6B	2.0B
Receivables	66.5M	80.3M	40.9M	6.2M	-	-	-	-	-	-
Property & equipment	77.4M	70.7M	92.9M	111.7M	131.7M	149.2M	200.3M	221.5M	253.1M	238.6M
Goodwill	-	-	-	-	-	-	68.9M	68.9M	68.9M	40.4M
Total assets	10.2B	9.7B	10.2B	10.7B	12.2B	13.4B	14.8B	16.1B	17.4B	18.0B
Total debt	-	-	-	-	-	63.9M	77.3M	73.5M	31.1M	43.9M
Total liabilities	5.5B	5.5B	5.4B	5.3B	5.6B	5.9B	5.9B	5.7B	5.2B	5.1B
Shareholders' equity	4.7B	4.2B	4.8B	5.5B	6.6B	7.5B	8.9B	10.4B	12.1B	13.0B
Retained earnings	1.5B	980.1M	1.6B	2.2B	3.3B	4.2B	5.6B	7.0B	8.7B	9.5B

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	68.3M	663.1M	1.4B	1.1B	1.8B	1.0B	668.5M	2.2B	1.7B	1.9B
Capital spending	39.3M	32.1M	59.0M	58.1M	58.4M	72.8M	112.7M	92.2M	118.5M	122.7M
Free cash flow	29.0M	631.0M	1.4B	1.0B	1.7B	931.2M	555.8M	2.1B	1.6B	1.7B
Stock-based pay (added back)	22.2M	33.7M	28.3M	28.4M	32.8M	36.7M	43.0M	48.2M	54.7M	54.8M
Dividends paid	124.7M	112.7M	104.0M	122.3M	130.2M	147.8M	144.1M	142.5M	167.7M	176.7M
Buybacks	603.2M	910.3M	294.6M	274.3M	170.7M	897.3M	1.1B	1.0B	1.2B	1.2B
Acquisitions	430.5M	0	0	163.7M	83.3M	10.4M	10.4M	0	0	-
Debt raised	2.0B	0	-	-	-	-	-	-	-	-
Debt repaid	986.9M	134.7M	82.8M	310.0M	65.3M	836.9M	4.9M	123.3M	355.8M	24.5M
Investing cash flow	-471.2M	-50.2M	-40.5M	-224.7M	-107.9M	-124.1M	-171.7M	-129.1M	-94.5M	-80.4M
Financing cash flow	350.7M	-1.0B	-580.3M	-733.6M	-295.6M	-1.7B	-1.2B	-1.3B	-1.8B	-1.4B
Dividend per share	0.36	0.36	0.38	0.45	0.50	0.57	0.61	0.68	0.82	0.92

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	22.2M	33.7M	28.3M	28.4M	32.8M	36.7M	43.0M	48.2M	54.7M	54.8M
Stock-based pay / revenue	0.3%	0.4%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%
Operating lease cash paid	-	-	-	23.4M	19.8M	20.8M	21.9M	23.4M	23.1M	23.4M
Right-of-use assets	-	-	-	70.0M	71.3M	74.3M	73.5M	77.4M	93.9M	109.7M
Operating lease liabilities	-	-	-	91.4M	91.4M	92.7M	90.1M	91.6M	109.0M	133.2M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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