Loading…
Major US homebuilder constructing single-family and active-adult homes across multiple price points.
Major US homebuilder constructing single-family and active-adult homes across multiple price points.
Builds and sells homes under three brands aimed at different buyers, Centex for first-time buyers, Pulte for move-up buyers and Del Webb for those aged 55 and over, booking revenue when each house closes. Profit depends on turning bought land into finished homes quickly, and its mortgage arm lends to a share of its own buyers.
Moat: narrow (scale, brand). National scale plus a leading active-adult brand (Del Webb) versus smaller regional builders.
Headquarters: Atlanta, Georgia, US · Founded: 1950 · Employees: 6,506
Size PulteGroup (PHM) is a United States Consumer Discretionary company (Homebuilding) with a market value of $24.4B, the 433rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $132.49 on 6 Nov 2026.
Performance Over six months the shares gained 12.9%, against +5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 6 in its peer set.
Growth Revenue fell 9.3% over the last twelve months (peer median -3.5%); the operating margin is 15.0% (peer median 12.6%).
Valuation It trades at 14.3× forward earnings against a peer median of 18.6× (2nd cheapest of 6).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (10.3% WACC).
Credit PulteGroup has 5 bonds outstanding ($1.80B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 88 bp.
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $16.0B | $17.3B | $17.9B | $16.1B | $16.0B |
| Revenue growth | — | -4% | +12% | 0% | — |
| Gross profit | $3.95B | $4.55B | $5.21B | $4.71B | $4.82B |
| EBITDA | $2.51B | $3.09B | $3.98B | $3.48B | $3.51B |
| Net income | $1.80B | $2.22B | $3.08B | $2.59B | $2.60B |
| Free cash flow | $1.34B | $1.81B | $1.57B | $2.11B | $578M |
| Capital expenditure | $110M | $123M | $119M | $92.2M | $113M |
| Total debt | $2.32B | $2.30B | $2.25B | $2.55B | $2.72B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PulteGroup PHM | $24.4B | +13% | -9% | 15% | 14.3× | 4.7% |
| D. R. Horton DHI | $41.3B | +3% | -4% | 11% | 17.4× | 7.8% |
| Lennar LEN | $21.1B | 0% | -8% | 5% | 18.9× | 11.4% |
| Toll Brothers TOL | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PHM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.7% | +13.2% | 2nd highest of 6 |
| 6-month return | +12.9% | +5.4% | 2nd highest of 6 |
| Distance from 52-week high | -7.9% | -10.8% | 2nd highest of 6 |
| Revenue growth (TTM) | -9.3% | -3.5% | 2nd lowest of 6 |
| Operating margin | 15.0% | 12.6% | 2nd highest of 6 |
| Forward P/E | 14.3× | 18.6× | 2nd cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | 4.7% | 7.8% | 3rd least demanding of 6 |
| Growth delivered (Del g) | +9.4% | +7.3% | highest of 6 |
| Hurdle (Req g minus delivered) | -4.7 pp | +2.6 pp | 2nd least demanding of 6 |
| ROIC minus cost of capital | +3.3 pp | +1.5 pp | 3rd highest of 6 |
| EV / EBITDA | 10.1× | 12.8× | 2nd cheapest of 5 |
| Net debt / EBITDA | 0.4× | 1.1× | least indebted of 5 |
| Bond spread | 88 bp | 86 bp | 2nd widest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PulteGroup PHM | United States | $24.4B | +13% | -9% | 15% | 14.3× | 4.7% | +9.4% |
| Lennar LEN | United States | $21.1B | 0% | -8% | 5% | 18.9× | 11.4% | +8.7% |
| NVR NVR | United States | $16.8B | +5% | -10% | 13% | 18.6× | 4.0% | +6.5% |
| D. R. Horton DHI | United States | $41.3B | +3% | -4% | 11% | 17.4× | 7.8% | +3.5% |
| Toll Brothers TOL | United States | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% | +9.2% |
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
PulteGroup has 5 bonds outstanding with $1.80B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.61%, a spread of 88 bp over government bonds.