PulteGroup vs Toll Brothers
PulteGroup is the larger business, with $17.31bn of revenue in fiscal 2025 against $10.97bn for Toll Brothers (1.6 times as much). Toll Brothers grew faster (1.1% against -3.5%). PulteGroup kept more of each dollar of sales as profit: a net margin of 12.8% against 12.3%. PulteGroup carries less debt relative to equity (0.3% against 3.0%).
| Latest fiscal year | PulteGroupPHM, 2025 | Toll BrothersTOL, 2025 |
|---|---|---|
| Revenue | $17.31bn | $10.97bn |
| Revenue growth | -3.5% | 1.1% |
| Net income | $2.22bn | $1.35bn |
| Operating margin | — | 15.7% |
| Net margin | 12.8% | 12.3% |
| Return on equity | 17.7% | 16.9% |
| Free cash flow | $1.75bn | $1.03bn |
| Cash | $1.98bn | $1.26bn |
| Total debt | $43.9m | $249m |
| Debt to equity | 0.3% | 3.0% |
| Dividend per share | $0.92 | $0.98 |
| Dividend yield | 0.8% | 0.7% |
| Share buybacks | $1.20bn | $651m |
| Employees | 6,506 | — |
| Market value | $23.85bn | $14.13bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 77 (Strong) | 65 (Moderate) |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 9 sales |