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PulteGroup (PHM) stock

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NYSE: PHM NYSE Homebuilding Next results ~January 28, 2027

B Fundamentals grade

PulteGroup is a US-listed company in the homebuilding industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$110

Cash-flow model

Base case. Range ~$87–$150 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 15% above our base value.

Price used: $131.29, November 2, 2026

PulteGroup valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds469 adding, 505 cuttingOf 74 active managers that changed their stake, 38 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter PulteGroup files

10-Q filed October 22: PulteGroup

Model value +1.5%

Revenue for the twelve months to September 2026 reached $16.0bn, down 9.3% on a year earlier. That marks a slowdown from the prior quarter, when the decline was 7.3%, and ranks the company 919 of 934 for growth across our coverage. Free cash flow margin held at 8.1%. The diluted share count fell 5.1% over the year, lifting the value of each remaining share. On that basis our model value edges up from $118 to $120, against a share price of $119, and the rating stays Hold. At $119, the market is pricing in roughly 2.3% a year of cash flow growth over five years. That sits close to the 3.1% a year revenue growth already delivered.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where PulteGroup stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $16.4bn, down 7.3% on a year earlier, slower than -5.9% a quarter earlier. That puts it 909 of 931 for growth among all the companies we cover. Free-cash-flow margin rose to 9.2% from 7.4% a year earlier. The diluted share count is down 5.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. Our cash-flow model value is $118 a share, against a share price of $114. At that price, our model says the market is pricing in about 1.4% a year of cash-flow growth for five years, slower than the 3.6% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

PulteGroup's trailing-twelve-month revenue fell 9.3% year on year, with a free-cash-flow margin of 8.1%. Where it stands out: long-term debt as % of assets of 0.2% ranks 1 of 8 homebuilding companies we cover.

Our discounted-cash-flow model values the business at ~$110 per share in the base case (~$87–$150 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 16.3% while net income fell 31.7%: a 15pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 5.1% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 9.3% over the last 12 months.
  • Insiders selling. 7 insiders sold $26M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Growth easing. The growth rate is 2.1 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was 72% of net income over the last 12 months.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 16.1% over 90 days.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$2.53 against an average estimate of $2.62: missed by 3.5%
Revenue
$3.97bn, down 9.8% on a year earlier
Share reaction
+7.4% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
October 22, 2026; average EPS estimate $2.52

PulteGroup's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.3%
  • 1 week+8.2%
  • 1 month+13.4%
  • This year+12.7%
  • 1 year+10.5%
  • 5 years+184.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$16B
Net margin
11.2%
EPS (TTM, diluted)
$9.36

Growth

Revenue growth
−9.3%
Change in growth rate
−2.1 pts
Share count change
−5.1%

Cash

Free cash flow (TTM)
$1.3B
FCF margin
8.1%
Stock pay % of revenue
0.4%

Earnings

Last results
October 22, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Product
  4. Dividend
  5. Agreement
  6. Announcement
  7. Product
  8. Announcement
  9. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

PulteGroup valuation models and calculator

What the price is pricing in

The share price implies about 3.5% a year of cash-flow growth for five years.That is close to the 3.1% a year revenue growth PulteGroup has delivered.

  • Priced in3.5%
  • Last 12 months-9.3%
  • 3 years a year-1.8%
  • 5 years a year3.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($127.28, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$110
Price used
$127.28close November 3, 2026
Implied change
▼ 10%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of PulteGroup's free cash flow after stock-based pay with after-tax interest added back ($1.2B, FY2026 Q3 TTM), growing -0.7% and 1.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$87–~$150 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of PulteGroup's free cash flow after stock-based pay ( $1.2B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value PulteGroup as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$110 ~$87–$150 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$150 ~$120–$200 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$420 ~$290–$620 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$270 ~$230–$330 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$210 ~$110–$420 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare PulteGroup with Homebuilding in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −12%
  • Last year's free-cash-flow margin change, if it persists ▼ −7%
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $103$137$183$242$320$421
8.5% $81$105$138$181$236$308
10% $67$86$111$144$186$241

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$15.68$16.48$30.23$23.96$36.25$40.80$54.69$44.17$101.05$107.34$116.51$131.29
Market value$5.6bn$5.6bn$9.3bn$6.8bn$10.0bn$11.0bn$14.2bn$10.4bn$22.3bn$22.5bn$23.2bn$25.2bn
+ Net debt (− = net cash)−$754m−$699m−$273m−$1.1bn−$1.2bn−$2.6bn−$1.7bn−$976m−$1.7bn−$1.6bn−$1.9bn−$1.4bn
Enterprise value$4.9bn$4.9bn$9.0bn$5.7bn$8.8bn$8.4bn$12.5bn$9.5bn$20.6bn$20.9bn$21.3bn$23.8bn
Multiples
Price / sales 0.9x0.7x1.1x0.7x1.0x1.0x1.0x0.7x1.4x1.3x1.3x1.6x
Price / earnings 11.4x9.4x20.7x6.7x9.8x7.8x7.3x4.0x8.6x7.3x10.5x14.0x
Price / free cash flow —194.6x14.7x4.9x9.8x6.4x15.3x18.8x10.6x14.4x13.3x19.4x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

77 /100

Strong moat

How hard PulteGroup's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 12.6% of total assets over 10 years.

  • Durability 7 / 20

    Net margin has been a median 12.7%; its worst year was 3.8%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 8.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 27.3% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.31 −16% $15.5bn −10%
Next $9.43 +1% $15.7bn +1%

Next year's EPS estimate has moved −16.1% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −8.5% on 90 days ago. In the last 30 days, 0 analysts raised PulteGroup's forecast and 4 cut it.

Consensus EPS forecast PulteGroup, last 90 days
$9.00 $9.50 $10.00 $10.50 $11.00 $11.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $10.18 Current fiscal year, 60 days ago: $10.18 Current fiscal year, 30 days ago: $10.09 Current fiscal year, 7 days ago: $10.04 Current fiscal year, Now: $9.31 $9.31 Next fiscal year, 90 days ago: $11.24 Next fiscal year, 60 days ago: $11.24 Next fiscal year, 30 days ago: $11.02 Next fiscal year, 7 days ago: $10.85 Next fiscal year, Now: $9.43 $9.43

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $10.18$11.24
60 days ago $10.18$11.24
30 days ago $10.09$11.02
7 days ago $10.04$10.85
Now $9.31$9.43

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.62 $2.53 −3.5%
Jun 2026 $2.36 $2.48 +5.3%
Mar 2026 $1.81 $1.79 −1.1%
Dec 2025 $2.83 $2.56 −9.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in PulteGroup's latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows PulteGroup's revenue by -0.7% next year and +1.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-1.9%, weight 68%) and the company's own record (+2.0%, weight 32%) . How the weights are set.

Analyst recommendations

18 analysts, Oct 2026
Buy1056%
Hold739%
Sell16%

Monthly trend

  1. Oct 202628718
  2. Sep 202628516
  3. Aug 202627515
  4. Jul 202626615

Counts of recommendations published by analysts covering PulteGroup, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
4.35
at average volume
Short interest, 1 month
−9%
to October 15, 2026
Held by institutions
100%
of shares
Held by insiders
0.7%
of shares
Employees
6,506
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +10.5%

$118.86 on October 31, 2025 to $131.29

ThenNowEffect
Revenue (last 12 months) $17.7bn $16.4bn −7.3%
Net margin 15.5% 11.6% −25.0%
P/E multiple 8.9x 13.4x +50.9%
Share count 205m 194m +5.3%

Biggest factor: p/e multiple.

Last 3 years +61.2%

$81.46 on November 3, 2023 to $131.29

ThenNowEffect
Revenue (last 12 months) $16.7bn $16.4bn −2.0%
Net margin 16.5% 11.6% −29.6%
P/E multiple 6.7x 13.4x +99.7%
Share count 227m 194m +16.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PHM+34%−19%+129%+6%+9%+13%
Industry peers (median)+54%−29%+88%−3%−12%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PHM67%42%58%58%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PHM−26%−36%−19%−27%−22%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 62% from February 11, 2020 to March 23, 2020. Getting back needed a 164% gain, reached on August 21, 2020, 151 days after the low.

Price behaviour

52-week range
$109.35 – $141.65
From 52-week high
−7.3%
vs 50-day average
+10.1%
vs 200-day average
+6.2%
Volatility (1 year)
34%
Beta vs S&P 500
0.85

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±3.9%
After a week
7 up, 5 down
typical move ±6.2%
After a month
7 up, 4 down
typical move ±7.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +7.4% −1.7% +10.2% —
July 22, 2026 +0.3% −1.3% +6.5% +2.7%
April 23, 2026 0.0% +0.4% −4.1% −8.7%
January 29, 2026 +1.5% −0.5% +8.7% +8.5%
October 21, 2025 −2.5% −0.5% −2.1% −7.7%
July 22, 2025 +9.8% +0.9% +7.7% +16.5%
April 22, 2025 +8.5% +4.2% +9.3% +6.4%
January 30, 2025 +0.7% 0.0% −2.6% −9.7%
October 22, 2024 −7.7% −1.0% −10.2% −11.2%
July 23, 2024 −2.5% −2.4% +6.0% +2.3%
April 23, 2024 +4.1% +1.1% +3.3% +5.9%
January 30, 2024 −1.4% −1.7% −3.3% +2.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How PulteGroup’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.21× the last 60 days’ realised volatility , richer than 58% of the 229 stocks we screen today.
  • Puts are priced 4 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

PHM PulteGroup Grade B $131.26

Own 100 shares, sell the $140 call expiring December 18, 2026 (46 days) for $3.10 a share — $310 per contract.

Previous session · Bid $3.10, ask $3.50, quoted Mon 2 Nov, 17:33 New York time with PHM at $131.26. Option prices move with the shares: check the live chain at your broker before trading.

  • If PHM ends below $140: you keep your shares and the $310 — 2.4% extra on the position, 18.7% a year at that pace.
  • If it ends above $140: your shares are sold at $140, a total return of 9.0% including the premium — at or above our value of ~$110.
$1.2k $0 −$2.6k Our value $110 Break-even $128.16 Price $131.26
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$310
Annualised
18.7%
Break-even
$128.16
Max gain
$1,184
Chance of selling
~34%

Collar

Own the shares, buy the $120 put and sell the $140 call, both expiring December 18, 2026 (46 days).

  • Net credit of $0.20 a share ($20.00 per contract of 100 shares).
  • Worst case at expiry: -8.4%, if the shares fall below $120 (-8.6% from today).
  • Best case at expiry: +6.8%, if the shares rise above $140 (+6.7%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $110: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

PulteGroup in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) PulteGroup
$15.5B $16B $16.5B $17B $17.5B $18B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $16.1B Revenue (TTM), FY24 Q1: $16.4B Revenue (TTM), FY24 Q2: $16.8B Revenue (TTM), FY24 Q3: $17.3B Revenue (TTM), FY24 Q4: $17.9B Revenue (TTM), FY25 Q1: $17.9B Revenue (TTM), FY25 Q2: $17.7B Revenue (TTM), FY25 Q3: $17.6B Revenue (TTM), FY25 Q4: $17.3B Revenue (TTM), FY26 Q1: $16.8B Revenue (TTM), FY26 Q2: $16.4B Revenue (TTM), FY26 Q3: $16B $16B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $16.1B
FY24 Q1 $16.4B
FY24 Q2 $16.8B
FY24 Q3 $17.3B
FY24 Q4 $17.9B
FY25 Q1 $17.9B
FY25 Q2 $17.7B
FY25 Q3 $17.6B
FY25 Q4 $17.3B
FY26 Q1 $16.8B
FY26 Q2 $16.4B
FY26 Q3 $16B
Revenue growth, TTM YoY PulteGroup
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 0.4% Revenue growth, TTM YoY, FY24 Q1: 0.0% Revenue growth, TTM YoY, FY24 Q2: 0.6% Revenue growth, TTM YoY, FY24 Q3: 2.8% Revenue growth, TTM YoY, FY24 Q4: 11.7% Revenue growth, TTM YoY, FY25 Q1: 8.9% Revenue growth, TTM YoY, FY25 Q2: 5.0% Revenue growth, TTM YoY, FY25 Q3: 1.8% Revenue growth, TTM YoY, FY25 Q4: -3.5% Revenue growth, TTM YoY, FY26 Q1: -5.9% Revenue growth, TTM YoY, FY26 Q2: -7.3% Revenue growth, TTM YoY, FY26 Q3: -9.3% -9.3%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 0.4%
FY24 Q1 0.0%
FY24 Q2 0.6%
FY24 Q3 2.8%
FY24 Q4 11.7%
FY25 Q1 8.9%
FY25 Q2 5.0%
FY25 Q3 1.8%
FY25 Q4 -3.5%
FY26 Q1 -5.9%
FY26 Q2 -7.3%
FY26 Q3 -9.3%
FCF margin (TTM) PulteGroup
6% 8% 10% 12% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 13.1% FCF margin (TTM), FY24 Q1: 9.9% FCF margin (TTM), FY24 Q2: 7.7% FCF margin (TTM), FY24 Q3: 7.4% FCF margin (TTM), FY24 Q4: 8.7% FCF margin (TTM), FY25 Q1: 8.1% FCF margin (TTM), FY25 Q2: 7.4% FCF margin (TTM), FY25 Q3: 8.8% FCF margin (TTM), FY25 Q4: 10.1% FCF margin (TTM), FY26 Q1: 10.6% FCF margin (TTM), FY26 Q2: 9.2% FCF margin (TTM), FY26 Q3: 8.1% 8.1%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 13.1%
FY24 Q1 9.9%
FY24 Q2 7.7%
FY24 Q3 7.4%
FY24 Q4 8.7%
FY25 Q1 8.1%
FY25 Q2 7.4%
FY25 Q3 8.8%
FY25 Q4 10.1%
FY26 Q1 10.6%
FY26 Q2 9.2%
FY26 Q3 8.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 4.1 4.6 4.1 4.8 5.7 5.8 6.0 7.7 8.6 10.2 10.2 11.0 13.7 16.0 16.1 17.9 17.3 16.0
Net income −1.2 −1.1 −0.2 0.2 2.6 0.5 0.5 0.6 0.4 1.0 1.0 1.4 1.9 2.6 2.6 3.1 2.2 1.8
Diluted EPS −$3.94 −$2.90 −$0.55 $0.54 $6.72 $1.26 $1.36 $1.75 $1.44 $3.55 $3.66 $5.18 $7.43 $11.01 $11.72 $14.69 $11.12 $9.36
Growth (year on year)
Revenue −34.8% +11.9% −9.5% +16.5% +17.8% +2.5% +2.7% +28.2% +11.8% +18.8% +0.2% +8.1% +24.5% +16.5% +0.4% +11.7% −3.5% −9.3%
Net income — — — — +>999% −81.9% +4.2% +22.0% −25.8% +128.5% −0.5% +38.4% +38.3% +34.5% −0.6% +18.5% −28.0% −31.7%
Diluted EPS — — — — +>999% −81.3% +7.9% +28.7% −17.7% +146.5% +3.1% +41.5% +43.4% +48.2% +6.4% +25.3% −24.3% −28.0%
Margins
Net margin −29.0% −24.0% −5.1% 4.3% 46.1% 8.1% 8.3% 7.9% 5.2% 10.0% 10.0% 12.7% 14.2% 16.4% 16.2% 17.2% 12.8% 11.2%
Free-cash-flow margin 16.9% 12.6% −0.1% 15.5% 15.0% 4.4% −6.4% 0.4% 7.4% 13.6% 10.0% 15.6% 6.8% 3.5% 13.1% 8.7% 10.1% 8.1%
Cash flow
Cash from operations 0.7 0.6 0.0 0.8 0.9 0.3 −0.3 0.1 0.7 1.4 1.1 1.8 1.0 0.7 2.2 1.7 1.9 1.4
Capital spending 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow 0.7 0.6 −0.0 0.7 0.9 0.3 −0.4 0.0 0.6 1.4 1.0 1.7 0.9 0.6 2.1 1.6 1.7 1.3
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1
Free cash flow after stock pay 0.6 0.5 −0.0 0.7 0.8 0.2 −0.4 0.0 0.6 1.4 1.0 1.7 0.9 0.5 2.1 1.5 1.7 1.2
Balance sheet
Cash 1.9 1.5 1.1 1.4 1.6 1.3 0.8 0.7 0.3 1.1 1.2 2.6 1.8 1.1 1.8 1.6 2.0 1.4
Total debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.0 —
Net debt (negative = net cash) −1.9 −1.5 −1.1 −1.4 −1.6 −1.3 −0.8 −0.7 −0.3 −1.1 −1.2 −2.6 −1.7 −1.0 −1.7 −1.6 −1.9 −1.4
Diluted shares 300m 379m 380m 385m 387m 374m 360m 342m 307m 285m 275m 269m 260m 236m 221m 210m 200m 192m
Returned to shareholders
Dividends — — 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2
Buybacks 0.0 0.0 0.0 0.0 0.1 0.3 0.4 0.6 0.9 0.3 0.3 0.2 0.9 1.1 1.0 1.2 1.2 1.3
Total returned 0.0 0.0 0.0 0.0 0.2 0.3 0.6 0.7 1.0 0.4 0.4 0.3 1.0 1.2 1.1 1.4 1.4 1.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 0 checks passed · September 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From PulteGroup's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.3B
Dividends (TTM)
$194M
Returned to shareholders
117%
of free cash flow
Buybacks, last 3 fiscal years
$3.4B
Diluted share count
−5.1%
year over year
Total shareholder yield
6.2%
dividends 0.8% + buybacks 5.4% of market value
Dividend payout ratio
11%
of net income paid out
Sales & admin spending
9.7%
of revenue

Competitors: side by side with peers

Closest by revenue in homebuilding
Last 12 months unless stated PHM TOL NVR LEN DHI KBH Median
Revenue, last 12 months $16.0bn $10.8bn $9.5bn $32.0bn $33.3bn $5.2bn $3.8bn
Revenue growth, last 12 months −9.3% −1.1% −9.9% −8.0% −3.5% −20.8% −7.1%
Revenue growth, 3-year average −1.8% 0.2% −1.6% −1.5% −1.2% −8.1% −0.6%
Revenue growth, latest quarter −9.8% −9.7% −10.5% −8.7% 0.0% −20.0% −6.2%
Gross margin — 23.7% — 21.1% 22.6% 19.1% 21.1%
Operating margin — 13.8% — 22.9% — 7.6% 9.1%
Operating margin, 3-year average — 16.3% — 17.0% — 6.1% 12.0%
Net margin 11.2% 11.1% 12.0% 4.1% 9.2% 4.4% 7.2%
Cash from operations / revenue 8.8% 11.1% 11.2% 2.9% 10.1% 1.4% 7.8%
Free-cash-flow margin 8.1% 10.1% 11.0% 2.5% 9.6% 0.6% 7.7%
Free-cash-flow margin, 3-year average 8.1% 8.9% 12.5% 3.7% 7.8% 3.3% 5.8%
Stock pay / revenue 0.4% 0.3% 0.7% 0.4% 0.4% 0.6% 0.5%
Change in share count −5.1% −5.0% −7.9% −6.7% −8.4% −11.8% −4.8%

Median of all 17 companies we cover in homebuilding. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 homebuilding companies
Measure Company Peer median Rank
Revenue growth Growth -9.3% -7.1% 13 of 17
Change in growth rate Growth -2.1pp -0.6pp 12 of 17
Net margin Profitability 11.2% 7.2% 4 of 17
Free-cash-flow margin Cash generation 8.1% 7.7% 8 of 17
Stock pay as % of revenue Cash generation 0.4% 0.5% 3 of 17
Long-term debt as % of assets Balance sheet 0.2% 17.1% 1 of 8
Change in share count Balance sheet -5.1% -4.8% 6 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Home Building $16.9B 97.8% ▼ 3.4%
Financial Services $389M 2.2% ▼ 10.2%

From PulteGroup's 10-K filed February 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$24.5B
Institutions reporting
1,037
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
106 / 96

Top buyers and sellers, Q2 2026: 469 institutions bought and 505 sold ; the biggest buyer was Capital Research Global Investors (+855K shares) and the biggest seller Price T Rowe Associates Inc (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.6B 18.7M 10.5% ▼ 2.7%
Franklin Resources Inc $2.1B 15.6M 8.7% ▲ 3.9%
Vanguard Capital Management LLC $1.7B 12.5M 7.0% ▼ 0.4%
State Street Corp $1.3B 9.2M 5.2% ▲ 3.2%
Vanguard Portfolio Management LLC $1.1B 8.2M 4.6% ▼ 0.2%
FMR LLC $828M 6.0M 3.4% ▲ 12.3%
Greenhaven Associates Inc $749M 5.5M 3.1% ▼ 0.7%
Geode Capital Management, LLC $721M 5.3M 2.9% ▲ 0.1%
Norges Bank $595M 4.3M 2.4% —
Price T Rowe Associates Inc $491M 3.6M 2.0% ▼ 34.8%
Dimensional Fund Advisors LP $442M 3.2M 1.8% ▲ 2.3%
First Trust Advisors LP $434M 3.2M 1.8% ▼ 26.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not PulteGroup's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $26.4M 8 trades by 7 insiders · 0% under pre-set plans
Net ▼ $26.4M net selling
Insider Date Trade Shares Price Value
Koart Matthew William Exec. VP & COO May 27, 2026 Sell 7,457 $120.00 $894,840
Snyder Lila Director May 8, 2026 Sell 3,339 $117.18 $391,264
Henry Kevin A EVP and Chief People Officer February 24, 2026 Sell 5,173 $141.03 $729,574
O'Meara Brien P. Vice President & Controller February 6, 2026 Sell 4,000 $135.51 $542,040
Koart Matthew William Exec. VP & COO February 6, 2026 Sell 15,309 $135.79 $2.1M
Sheldon Todd N EVP, Gen Counsel, Corp Sec'y February 6, 2026 Sell 14,220 $135.01 $1.9M
Folliard Thomas J Director February 5, 2026 Sell 37,000 $134.04 $5M
Marshall Ryan Chief Exec Officer, President February 5, 2026 Sell 111,250 $133.86 $14.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 15 trades and filings

No trades in PulteGroup disclosed in the last 12 months; 15 earlier trades on record.

  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded May 12, 2025, filed June 22, 2025
  • Jefferson Shreve(R-IN 6):Purchase, $15,001 - $50,000, traded February 24, 2025, filed March 9, 2025
  • Kathy E. Manning(D-NC 6):Sale (full), $1,001 - $15,000, traded August 3, 2022, filed September 14, 2022

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 22, 2026
  • April 23, 2026
  • January 29, 2026
  • October 21, 2025
  • July 22, 2025

Recent SEC filings

Data status

When each part of this page on PulteGroup was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

PulteGroup in brief

What does PulteGroup do?
PulteGroup is a US-listed company in the homebuilding industry. Its financial year ends in December.
What is PulteGroup's stock ticker?
PulteGroup trades under the ticker PHM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is PulteGroup's revenue, and how fast is it growing?
Over its most recent trailing twelve months, PulteGroup reported revenue of $16B, 9.3% lower than a year earlier, according to its SEC filings.
What is PulteGroup's free cash flow?
PulteGroup's free-cash-flow margin is 8.1% of revenue over the trailing twelve months, ranking 8 of the 17 homebuilding companies we cover.
What is PulteGroup's fair value (intrinsic value) per share?
Our discounted-cash-flow model of PulteGroup's free cash flow after stock-based pay gives ~$110 per share in the base case, and ~$87–$150 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are PulteGroup's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Franklin Resources Inc and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is PulteGroup buying back stock, and does it pay a dividend?
PulteGroup spent $1.3B on share repurchases over the trailing twelve months, and its diluted share count fell 5.1% over the year.
What is PulteGroup's market cap?
On November 2, 2026, PulteGroup's market capitalisation was about $25.2B, with a price-to-earnings ratio of 14.0 and net debt of -$1.4B. Market figures come from third-party market data and may be delayed.
Does PulteGroup pay a dividend?
Yes: PulteGroup paid $194M in dividends over the trailing twelve months, a dividend yield of 0.79% and a payout ratio of 10.8%.
Who are PulteGroup's competitors?
In our Homebuilding peer group, the companies closest to PulteGroup are Toll Brothers, Inc., NVR, Inc., Lennar, D. R. Horton and KB Home. The side-by-side comparison below sets their revenue, margins and growth against PulteGroup's.
Are insiders buying or selling PulteGroup stock?
Over the last 12 months, PulteGroup's directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is PulteGroup's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — PulteGroup announces its own schedule.