PulteGroup, Inc.PHM
NYSE•Consumer Cyclical•Residential Construction
PulteGroup, Inc., through its subsidiaries, engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes, as well as construction of housing; and sale of single-family detached homes; and attached homes, such as townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brands. It also engages in the mortgage banking, title, and insurance agency operations. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.
PulteGroup, Inc. (PHM) reported trailing twelve months revenue of $16.83B as of March 2026, a 5.9% decline year-over-year. Quarterly revenue reached $3.41B, reflecting a contraction in sales.
PulteGroup, Inc. generated $2.04B in TTM net income, with quarterly EBITDA of $467.19M. The operating margin contracted from 17.3% to 13.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (13.0%) and net margin (10.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 13.4% a year ago, reflecting increased costs or interest expense.
PHM trades at a P/E of 10.7x (below the broader market average) and a P/S of 1.3x. The price-to-book ratio of 1.7x reflects a moderate premium to book value.
The company generated $134.35M in free cash flow over the trailing twelve months, a 28.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $18.20B in total assets with no in long-term debt against $12.95B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~18.6% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 21.8% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 22.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF consistently trails net income (avg 0.7x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue has softened, declining in 5 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 8.3% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation