PHM Financials PulteGroup

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 55 d ago Overview →

Growth & profitability

Revenue has grown 9.4% per year over the past 5 years.
Net income has grown in line with revenue (9.5% vs 9.4% per year).
Free cash flow has grown 0.3% per year over the past 5 years.

Financial health

The company holds more cash ($2.0B) than total debt ($44M).
Total debt has grown slower than revenue (-9.0% vs 9.4% per year).

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 8.0% of earnings and 10.1% of free cash flow.
The dividend has grown 6.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$17.3B	$2.2B	0.0%	0.0%	17.1%	12.3%	$1.7B	$44M	$2.0B
2024	$17.9B	$3.1B	0.0%	0.0%	25.4%	17.8%	$1.6B	$31M	$1.6B
2023	$16.1B	$2.6B	0.0%	0.0%	25.1%	16.2%	$2.1B	$74M	$1.8B
2022	$16.0B	$2.6B	0.0%	0.0%	29.4%	17.7%	$556M	$77M	$1.1B
2021	$13.7B	$1.9B	0.0%	0.0%	26.0%	14.6%	$931M	$64M	$1.8B
2020	$11.0B	$1.4B	0.0%	0.0%	21.4%	11.5%	$1.7B	—	$2.6B
2019	$10.2B	$1.0B	0.0%	0.0%	18.6%	9.5%	$1.0B	—	$1.2B
2018	$10.2B	$1.0B	0.0%	0.0%	21.2%	10.0%	$1.4B	—	$1.1B
2017	$8.6B	$447M	0.0%	0.0%	10.8%	4.6%	$631M	—	$273M
2016	$7.7B	$603M	0.0%	0.0%	12.9%	5.9%	$29M	—	$699M
2015	—	$494M	—	—	10.4%	5.4%	-$383M	—	$754M
2014	—	$474M	—	—	9.9%	5.5%	$259M	—	$1.3B
2013	—	$2.6B	—	—	56.4%	30.0%	$852M	—	$1.6B
2012	—	$206M	—	—	9.4%	3.1%	$746M	—	$1.4B
2011	—	-$210M	—	—	-10.9%	-3.1%	-$4M	—	$1.1B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$4.0B	$472M	26.6%	0.0%	3.6%	2.6%	-$13M	—	$1.3B
Mar '26	$3.4B	$347M	25.9%	0.0%	2.7%	1.9%	$134M	—	$1.8B
Dec '25	$4.6B	$502M	0.0%	0.0%	3.9%	2.8%	$740M	$44M	$2.0B
Sep '25	$4.4B	$586M	27.8%	0.0%	4.6%	3.3%	$651M	—	$1.5B
Jun '25	$4.4B	$608M	28.6%	0.0%	4.8%	3.5%	$253M	—	$1.2B
Mar '25	$3.9B	$523M	28.8%	0.0%	4.3%	3.0%	$105M	—	$1.2B
Dec '24	$4.9B	$913M	0.0%	0.0%	7.5%	5.3%	$543M	$31M	$1.6B
Sep '24	$4.5B	$698M	30.4%	0.0%	6.0%	4.1%	$417M	—	$1.4B
Jun '24	$4.6B	$809M	31.4%	0.0%	7.2%	4.9%	$386M	—	$1.4B
Mar '24	$3.9B	$663M	31.0%	0.0%	6.2%	4.0%	$216M	—	$1.7B
Dec '23	—	$711M	—	—	6.8%	4.4%	$264M	$74M	$1.8B
Sep '23	—	$639M	—	—	6.4%	4.1%	$435M	—	$1.8B
Jun '23	—	$720M	—	—	7.4%	4.7%	$718M	—	$1.7B
Mar '23	—	$532M	—	—	5.7%	3.6%	$688M	—	$1.3B
Dec '22	—	$882M	—	—	9.9%	6.0%	$948M	$77M	$1.1B
Sep '22	—	$628M	—	—	7.7%	4.4%	-$432M	—	$231M
Jun '22	—	$652M	—	—	8.4%	4.8%	-$137M	—	$663M
Mar '22	—	$455M	—	—	6.1%	3.5%	$177M	—	$1.1B
Dec '21	—	$663M	—	—	8.9%	5.0%	$435M	$64M	$1.8B
Sep '21	—	$476M	—	—	6.7%	3.8%	$96M	—	$1.6B

Valuation over time

How the market has priced PHM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 4.2× (Mar '23) to 10.5× (Sep '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 1.3× (Sep '26).
The dividend yield has fallen from 1.3% (Mar '23) to 0.8% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is PHM growing its revenue and profit?

Over the past 5 years, PulteGroup's revenue has grown 9.4% per year, and net income grown 9.5% per year. These are computed facts, not advice.

How much debt does PHM have?

As of FY2025, PulteGroup reported $44M of total debt against $2.0B of cash.

What is PHM's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 12.8%.

What is PHM's P/E ratio?

As of Sep '26, PulteGroup traded at a price-to-earnings ratio of about 10.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.