PHMNYSEOperative BuildersFiscal year ends December 31
PULTEGROUP INC/MI/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 22, 2026
$110.90−2.65 (-2.33%)
Close on Oct 19, 2026
- Market cap
- $21.14B
- P/E (TTM)
- 11.3
- Dividend yield
- 0.83%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
12.8%+0.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.5% | +2.7% | +9.4% | +11.2% | |
| Net income | -28.0% | -5.4% | +9.5% | +16.2% | |
| EPS, diluted | -24.3% | +0.3% | +16.5% | +23.4% | |
| Free cash flow | +11.9% | +46.5% | +0.3% | – | |
| Dividend per share | +12.2% | +14.7% | +13.0% | +10.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.8% | 23.4% | 17.7% | |
| Return on assets | 6.2% | 12.3% | 12.5% | |
| Capex to revenue | 0.5% | 0.5% | 0.7% | |
| Diluted shares | 342M | 269M | 200M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Pultegroup generated $7.42B from operations and spent $6.67B on capital expenditure, dividends and share buybacks. 8% of that went back into the business.
Generated
$7.42B
Used
$6.67B
Capital expenditure$518.90M8%Dividends$778.80M12%Share buybacks$5.37B81%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.8%
×Asset turnover0.98×
×Equity multiplier1.41×
=Return on equity, FY202517.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.8% | 0.98× | 1.41× | 17.7% |
| FY2024 | 17.2% | 1.07× | 1.49× | 27.4% |
| FY2023 | 16.2% | 1.04× | 1.60× | 27.0% |
| FY2022 | 16.4% | 1.14× | 1.72× | 31.9% |
| FY2021 | 14.2% | 1.07× | 1.82× | 27.7% |
| FY2020 | 12.7% | 0.96× | 1.91× | 23.4% |
| FY2019 | 10.0% | 0.98× | 2.03× | 19.8% |
| FY2018 | 10.0% | 1.03× | 2.21× | 22.8% |
| FY2017 | 5.2% | 0.86× | 2.25× | 10.1% |
| FY2016 | 7.9% | 0.79× | 2.06× | 12.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.22B
- Cash generatingOperating cash flow above zero$1.87B
- Return on assets improvedROA up on the prior year19.2% → 12.8%
- Earnings backed by cashOperating cash flow above net income$1.87B vs $2.22B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise210M → 200M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.12 → 1.00