PulteGroup (PHM)
Market Price (11/14/2026): $127.015 | Market Cap: $23.4 BilInvestor Relations Sector: Consumer Discretionary | Industry: Homebuilding
PulteGroup (PHM)
Market Price (11/14/2026): $127.015Market Cap: $23.4 BilSector: Consumer DiscretionaryIndustry: Homebuilding
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, FCF Yield is 5.5% Stock buyback supportStock Buyback 3Y Total is 3.8 Bil Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and Electrification of Everything. Themes include IoT for Buildings, Show more. | Weak multi-year price returns2Y Excs Rtn is -30%, 3Y Excs Rtn is -15% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.6%, Rev Chg QQuarterly Revenue Change % is -9.8% Key risksPHM key risks include [1] margin pressure from an increased use of sales incentives, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, FCF Yield is 5.5% |
| Stock buyback supportStock Buyback 3Y Total is 3.8 Bil |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and Electrification of Everything. Themes include IoT for Buildings, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -30%, 3Y Excs Rtn is -15% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.6%, Rev Chg QQuarterly Revenue Change % is -9.8% |
| Key risksPHM key risks include [1] margin pressure from an increased use of sales incentives, Show more. |
Qualitative Assessment
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Prices as of 11/13/2026
Nov 4: up 7.2% in one day (S&P 500 up 1.7%)
The stock gained on a strong market day, which headlines attributed to a "Blue Wave" painting the market green. This move occurred without specific company news.
Up 24.3% from its Oct 14 low to Nov 4, down 6.6% since (S&P 500 down 0.4%)
The stock saw a strong run, primarily driven by the positive market reaction to its third quarter 2026 financial results on October 22. Key gains also occurred on November 2 without company news, and on November 4 due to a strong market.
Oct 22: up 5.8% on its earnings report (S&P 500 down 1.2%)
The stock rose after PulteGroup reported its third quarter 2026 financial results, which showed net income and revenue falling and earnings per share missing estimates. These results included $3.97 billion in revenue and $476 million in net income.
Nov 4: up 7.2% in one day (S&P 500 up 1.7%)
The stock gained on a strong market day, which headlines attributed to a "Blue Wave" painting the market green. This move occurred without specific company news.
Up 24.3% from its Oct 14 low to Nov 4, down 6.6% since (S&P 500 down 0.4%)
The stock saw a strong run, primarily driven by the positive market reaction to its third quarter 2026 financial results on October 22. Key gains also occurred on November 2 without company news, and on November 4 due to a strong market.
Oct 22: up 5.8% on its earnings report (S&P 500 down 1.2%)
The stock rose after PulteGroup reported its third quarter 2026 financial results, which showed net income and revenue falling and earnings per share missing estimates. These results included $3.97 billion in revenue and $476 million in net income.
Prices as of 11/13/2026
Nov 4: up 7.2% in one day (S&P 500 up 1.7%)
The stock gained on a strong market day, which headlines attributed to a "Blue Wave" painting the market green. This move occurred without specific company news.
Up 24.3% from its Oct 14 low to Nov 4, down 6.6% since (S&P 500 down 0.4%)
The stock saw a strong run, primarily driven by the positive market reaction to its third quarter 2026 financial results on October 22. Key gains also occurred on November 2 without company news, and on November 4 due to a strong market.
Oct 22: up 5.8% on its earnings report (S&P 500 down 1.2%)
The stock rose after PulteGroup reported its third quarter 2026 financial results, which showed net income and revenue falling and earnings per share missing estimates. These results included $3.97 billion in revenue and $476 million in net income.
Show less
Nov 4: up 7.2% in one day (S&P 500 up 1.7%)
The stock gained on a strong market day, which headlines attributed to a "Blue Wave" painting the market green. This move occurred without specific company news.
Up 24.3% from its Oct 14 low to Nov 4, down 6.6% since (S&P 500 down 0.4%)
The stock saw a strong run, primarily driven by the positive market reaction to its third quarter 2026 financial results on October 22. Key gains also occurred on November 2 without company news, and on November 4 due to a strong market.
Oct 22: up 5.8% on its earnings report (S&P 500 down 1.2%)
The stock rose after PulteGroup reported its third quarter 2026 financial results, which showed net income and revenue falling and earnings per share missing estimates. These results included $3.97 billion in revenue and $476 million in net income.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 0.6% change in PHM stock from 7/31/2026 to 11/13/2026 was primarily driven by a 5.3% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11132026 | Change |
|---|---|---|---|
| Stock Price ($) | 126.19 | 127.01 | 0.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,407 | 15,976 | -2.6% |
| Net Income Margin (%) | 11.6% | 11.2% | -3.2% |
| P/E Multiple | 12.5 | 13.2 | 5.3% |
| Shares Outstanding (Mil) | 189 | 187 | 1.5% |
| Cumulative Contribution | 0.6% |
Market Drivers
7/31/2026 to 11/13/2026| Return | Correlation | |
|---|---|---|
| PHM | 0.6% | |
| Market (SPY) | 1.2% | 23.9% |
| Sector (XLY) | 3.4% | 58.1% |
Fundamental Drivers
The 4.2% change in PHM stock from 4/30/2026 to 11/13/2026 was primarily driven by a 15.2% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11132026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.83 | 127.01 | 4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,828 | 15,976 | -5.1% |
| Net Income Margin (%) | 12.1% | 11.2% | -7.4% |
| P/E Multiple | 11.5 | 13.2 | 15.2% |
| Shares Outstanding (Mil) | 192 | 187 | 2.9% |
| Cumulative Contribution | 4.2% |
Market Drivers
4/30/2026 to 11/13/2026| Return | Correlation | |
|---|---|---|
| PHM | 4.2% | |
| Market (SPY) | 5.5% | 26.1% |
| Sector (XLY) | 1.6% | 52.9% |
Fundamental Drivers
The 6.9% change in PHM stock from 10/31/2025 to 11/13/2026 was primarily driven by a 48.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11132026 | Change |
|---|---|---|---|
| Stock Price ($) | 118.86 | 127.01 | 6.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,623 | 15,976 | -9.3% |
| Net Income Margin (%) | 14.9% | 11.2% | -24.7% |
| P/E Multiple | 8.9 | 13.2 | 48.6% |
| Shares Outstanding (Mil) | 197 | 187 | 5.3% |
| Cumulative Contribution | 6.9% |
Market Drivers
10/31/2025 to 11/13/2026| Return | Correlation | |
|---|---|---|
| PHM | 6.9% | |
| Market (SPY) | 11.8% | 32.6% |
| Sector (XLY) | 0.6% | 52.8% |
Fundamental Drivers
The 76.6% change in PHM stock from 10/31/2023 to 11/13/2026 was primarily driven by a 133.2% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11132026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.91 | 127.01 | 76.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,847 | 15,976 | -5.2% |
| Net Income Margin (%) | 16.5% | 11.2% | -31.7% |
| P/E Multiple | 5.7 | 13.2 | 133.2% |
| Shares Outstanding (Mil) | 218 | 187 | 17.0% |
| Cumulative Contribution | 76.6% |
Market Drivers
10/31/2023 to 11/13/2026| Return | Correlation | |
|---|---|---|
| PHM | 76.6% | |
| Market (SPY) | 87.0% | 38.1% |
| Sector (XLY) | 61.4% | 49.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PHM Return | 34% | -19% | 129% | 6% | 9% | 9% | 211% |
| Peers Return | 55% | -23% | 78% | 3% | -7% | -5% | 95% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| PHM Win Rate | 67% | 42% | 58% | 58% | 50% | 55% | |
| Peers Win Rate | 77% | 42% | 65% | 58% | 42% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| PHM Max Drawdown | -26% | -36% | -19% | -27% | -22% | -23% | |
| Peers Max Drawdown | -19% | -43% | -22% | -26% | -27% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DHI, LEN, NVR, TOL, MTH. See PHM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/13/2026 (YTD)
How Low Can It Go
| Event | PHM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.1% | -18.8% |
| % Gain to Breakeven | 13.7% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.3% | -9.5% |
| % Gain to Breakeven | 19.5% | 10.5% |
| Time to Breakeven | 14 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.9% | -24.5% |
| % Gain to Breakeven | 53.7% | 32.4% |
| Time to Breakeven | 228 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.8% | -33.7% |
| % Gain to Breakeven | 161.5% | 50.9% |
| Time to Breakeven | 147 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.3% | -19.2% |
| % Gain to Breakeven | 15.4% | 23.8% |
| Time to Breakeven | 8 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.6% | -3.7% |
| % Gain to Breakeven | 11.8% | 3.9% |
| Time to Breakeven | 82 days | 6 days |
In The Past
PulteGroup's stock fell -12.1% during the 2025 US Tariff Shock. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | PHM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.9% | -24.5% |
| % Gain to Breakeven | 53.7% | 32.4% |
| Time to Breakeven | 228 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.8% | -33.7% |
| % Gain to Breakeven | 161.5% | 50.9% |
| Time to Breakeven | 147 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.5% | -12.2% |
| % Gain to Breakeven | 37.9% | 13.9% |
| Time to Breakeven | 161 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -27.5% | -0.2% |
| % Gain to Breakeven | 37.9% | 0.2% |
| Time to Breakeven | 196 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -51.8% | -17.9% |
| % Gain to Breakeven | 107.3% | 21.8% |
| Time to Breakeven | 99 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -64.7% | -15.4% |
| % Gain to Breakeven | 183.2% | 18.2% |
| Time to Breakeven | 1022 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -32.4% | -53.4% |
| % Gain to Breakeven | 47.9% | 114.4% |
| Time to Breakeven | 5 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -33.1% | -8.6% |
| % Gain to Breakeven | 49.5% | 9.5% |
| Time to Breakeven | 955 days | 47 days |
In The Past
PulteGroup's stock fell -12.1% during the 2025 US Tariff Shock. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About PulteGroup (PHM)
PulteGroup, Inc. (NYSE: PHM) is a prominent homebuilding company operating across the United States. Its core business involves acquiring and developing land specifically for residential purposes, followed by the construction of new homes on these sites. This integrated approach ensures control over the entire development process, from land acquisition to the final build.
The company offers a wide array of housing products designed to meet diverse buyer needs, including single-family detached homes, townhouses, condominiums, and duplexes. These homes are marketed through a portfolio of well-established brands like Pulte Homes, Centex, and Del Webb, each often targeting distinct consumer segments. In addition to home construction, PulteGroup enhances the homebuying experience by offering ancillary services such as arranging mortgage financing for its customers and providing title insurance, examination, and closing services.
PulteGroup primarily serves individual homebuyers across various demographics and price points within the U.S. residential market. With brands catering to entry-level, move-up, and active adult buyers, the company aims to capture a broad spectrum of the housing market. As of late 2021, the company controlled a significant number of land lots, positioning it to continue addressing the demand for new housing across the country.
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Here are 1-2 brief analogies for PulteGroup (PHM):
- PulteGroup is like a General Motors for houses, building a variety of homes under different brand names for various market segments across the country.
- It's akin to a Nike or Adidas, but for homes, designing, branding, and constructing houses for different lifestyles and price points.
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- Residential Home Construction and Sales: Builds and sells various types of homes including single-family detached, townhomes, condominiums, and duplexes under multiple brand names.
- Mortgage Loan Origination: Arranges financing by originating mortgage loans primarily for its homebuyers.
- Title and Closing Services: Offers title insurance policies, examination, and closing services to its homebuyers.
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PulteGroup (PHM) primarily sells to individuals.
The company serves the following categories of homebuyers:
- First-time and Value-Oriented Homebuyers: This category includes individuals or families seeking more affordable, entry-level homes or homes that offer strong value for their investment. Brands like Centex often cater to this segment.
- Move-Up and Family Homebuyers: These customers are typically seeking larger homes, more features, and often more desirable locations, suitable for growing families or those looking to upgrade their current living situation. Brands like Pulte Homes frequently target this demographic.
- Active Adult Homebuyers: Comprising individuals aged 55 and over, this segment seeks communities and homes designed with specific amenities, lifestyle programs, and features tailored to their active adult lifestyles. The Del Webb brand is a prime example of PulteGroup's offering for this customer category.
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Ryan R. Marshall, President and Chief Executive Officer
Ryan R. Marshall was promoted to President and Chief Executive Officer of PulteGroup, Inc. in September 2016. He joined PulteGroup in 2001 and has held various leadership roles within the company, including Executive Vice President of Homebuilding Operations, Area President for the Southeast Area and Florida, Division President in South Florida and Orlando, and Area Vice President of Finance. His early experience includes assisting with his family's beef cattle operation and managing a gas station during college.
James L. Ossowski, Executive Vice President and Chief Financial Officer
James L. Ossowski was named Executive Vice President and Chief Financial Officer in February 2025, succeeding Bob O'Shaughnessy. He joined PulteGroup in 2002 and has progressed through several financial roles, including Senior Vice President-Finance, Vice President-Finance and Controller, Vice President-Finance Homebuilding Operations, and Area Vice President-Finance. Ossowski began his career at Arthur Andersen.
Matt Koart, Executive Vice President and Chief Operating Officer
Matt Koart was appointed Executive Vice President and Chief Operating Officer of PulteGroup, Inc. in May 2023. Prior to this, he founded Koart Residential, Inc. in 2011, a company focused on residential real estate acquisition, entitlement, development, and construction. Before establishing his own company, Koart served as CEO of Shapell Industries, a diversified real estate company based in California. He also previously spent 12 years with PulteGroup from 1996 to 2008, advancing through roles as a division, region, and area president.
Kevin Henry, Executive Vice President and Chief People Officer
Kevin Henry was named Executive Vice President and Chief People Officer of PulteGroup, Inc. in June 2023. His previous experience includes serving as Chief People Officer for BlueLinx Corporation and Extended Stay America. He has also held increasingly senior human resource positions at companies such as Snyder-Lance, Inc., Coca-Cola Bottling Co. Consolidated, and Nationwide Credit.
Todd Sheldon, Executive Vice President, General Counsel and Corporate Secretary
Todd Sheldon is the Executive Vice President, General Counsel and Corporate Secretary of PulteGroup, Inc. He joined PulteGroup from Americold, where he served as Executive Vice President and General Counsel, overseeing legal department and administrative functions including real estate, mergers and acquisitions, and risk management.
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PulteGroup (PHM) faces several key risks inherent to the homebuilding industry. The most significant risks include:
- Adverse Economic Conditions and Weak Housing Demand: The residential homebuilding industry is highly sensitive to changes in economic conditions, consumer confidence, employment levels, and interest rates. A persistent lack of demand recovery due to weak consumer confidence and ongoing affordability challenges can lead to suppressed sales and increased pressure to offer incentives, thereby eroding profit margins.
- Rising Input Costs and Margin Pressure: PulteGroup's profitability is significantly impacted by the availability and cost of land, building materials (such as lumber, steel, and concrete), and skilled labor. Increases in these input costs, coupled with competitive pressures that may necessitate higher sales incentives, can lead to substantial margin compression and affect the company's financial performance.
- Uncertainty in the Mortgage Lending Industry: The availability and terms of mortgage financing directly influence homebuyers' ability to purchase homes. Risks include revisions to underwriting standards, fluctuations in interest rates, and potential difficulties in selling originated mortgage loans into the secondary market, all of which can affect demand and the company's financial services segment.
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PulteGroup (PHM) operates within the substantial U.S. homebuilding and related financial services markets. The addressable markets for its main products and services are as follows:
Homebuilding
The U.S. residential construction market, which encompasses homebuilding, is estimated to be USD 1.41 trillion in 2026. This market size is for the United States.Mortgage Origination
The total single-family mortgage origination volume in the United States is projected to reach USD 2.2 trillion in 2026.Title Insurance
The U.S. title insurance industry generated USD 4.5 billion in title insurance premiums during the second quarter of 2025. Annualizing this figure suggests an approximate market size of USD 18 billion for the United States.AI Analysis | Feedback
PulteGroup (PHM) anticipates several key drivers for its future revenue growth over the next two to three years:
- Increased Community Count: PulteGroup projects a 3% to 5% increase in its average community count for all four quarters of 2026 compared to 2025. This growth is supported by prior investments in its land pipeline, leading to a higher number of available homes and increased sales opportunities.
- Strategic Focus on Diverse Buyer Segments, particularly Active Adults: The company continues to cater to various buyer groups including first-time, move-up, and active adult purchasers. The active adult segment, served by brands like Del Webb and DiVosta, has demonstrated strong performance, with net new orders for this group increasing by 7% over the third quarter of last year. This segment is expected to grow its contribution to revenues from approximately 20% to 24-25% in fiscal year 2026, positively influencing gross margins.
- Strategic Land Management and Capital Efficiency: PulteGroup's disciplined approach to land management, including optimizing its land pipeline and increasing its lot option percentage to 70%, aims to enhance capital efficiency and maintain strong margins. This strategy supports future homebuilding activity and revenue generation by ensuring a continuous and efficiently managed supply of land.
- Strength in Key Regional Markets: The company has observed sustained demand and better-than-expected market conditions in specific regions, notably Florida, the Midwest, and the Northeast. This regional strength is crucial for offsetting potential weaknesses in other markets and contributing to overall revenue expansion.
- Growth in Home Closings (Unit Volume): PulteGroup's home sale revenues in the first quarter of 2024 rose by 10% over the previous year, driven by an 11% increase in home closings. The company forecasts 28,500–29,000 closings for 2026, indicating an expectation of continued growth in unit volume.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- PulteGroup announced a $1.5 billion increase to its share repurchase authorization on January 30, 2025, bringing the remaining authorization to $2.1 billion.
- The company returned $1.2 billion to shareholders through share repurchases in 2025.
- In 2023, PulteGroup repurchased 13.8 million common shares for $1.0 billion.
Share Issuance
- Participants in share-based compensation plans surrendered shares valued at $13.6 million in the first three months of 2022 and $10.6 million in the first three months of 2021, primarily for minimum tax obligations.
Inbound Investments
- No significant inbound investments by third-parties were identified in the provided information.
Outbound Investments
- No significant outbound strategic investments in other companies were identified in the provided information, as the company's primary investment focus is on land acquisition and development.
Capital Expenditures
- For the five-year period of 2021-2025, PulteGroup invested over $25 billion in land acquisition and development.
- PulteGroup invested $5.2 billion in land acquisition and development in 2025, and expects to invest approximately $5.0 billion to $5.2 billion in 2024.
- The primary focus of capital expenditures is disciplined land underwriting and strategic land management, including increasing the percentage of land controlled via option agreements, with a target of 70%.
Peer Outperformance in Homebuilding
PHM has outperformed 100% of its 16 Homebuilding peers over 5Y. Homebuilding ranks 2nd of 22 industries in Consumer Discretionary by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Homebuilding constituents that PHM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
75%
of 16 industry peers · 8.2% return
3Y
75%
of 16 industry peers · 48.0% return
5Y
100%
of 16 industry peers · 159.2% return
No Homebuilding peer with a comparable growth profile has beaten PHM by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Homebuilding is PHM's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 15 | -16.9% | 30.8% | 62.5% | LAUR 271% · CVSA 259% · GHC 119% |
| Homebuilding ← | 17 | -4.1% | 16.9% | 21.5% | PHM 159% · TOL 143% · GRBK 128% |
| Hotels, Resorts & Cruise Lines | 21 | 23.8% | 63.4% | 13.7% | RCL 295% · MAR 182% · HLT 164% |
| Automotive Retail | 17 | -7.6% | 5.5% | 6.7% | MUSA 204% · PAG 114% · ORLY 113% |
| Home Improvement Retail | 5 | -2.6% | -3.1% | 5.7% | LOW 6% · HD 6% · FND -64% |
| Home Furnishings | 3 | 8.7% | 54.9% | -2.3% | SGI 43% · MHK -17% |
| Footwear | 9 | 74.4% | 92.3% | -9.3% | DECK 22% · SHOO -5% · CROX -9% |
| Restaurants | 36 | 12.2% | -4.8% | -19.8% | EAT 364% · CAKE 178% · TXRH 124% |
| Distributors | 4 | -4.9% | -18.2% | -27.1% | ARMK 108% · GPC 5% · POOL -59% |
| Computer & Electronics Retail | 3 | 43.9% | 81.2% | -27.3% | BBY -3% · GME -49% |
| Household Appliances | 17 | 31.0% | 22.4% | -28.4% | |
| Specialized Consumer Services | 10 | -12.1% | 29.9% | -35.2% | FTDR 159% · HRB 141% · ADT 24% |
| Leisure Facilities | 12 | 24.5% | 4.0% | -35.3% | OSW 152% · LTH 135% · PLNT -34% |
| Leisure Products | 14 | -20.7% | -12.6% | -36.0% | GOLF 62% · HAS 49% · BC -16% |
| Apparel, Accessories & Luxury Goods | 29 | 6.8% | 15.5% | -36.9% | RL 241% · TPR 230% · KTB 63% |
| Broadline Retail | 13 | -11.5% | 21.8% | -42.9% | EBAY 79% · AMZN 51% · OLLI 45% |
| Casinos & Gaming | 21 | -30.9% | -17.8% | -50.4% | BYD 30% · RRR 22% · LVS 9% |
| Automotive Parts & Equipment | 37 | -12.7% | -30.4% | -51.8% | GTX 189% · PATK 63% · ALV 36% |
| Apparel Retail | 28 | -8.8% | -0.4% | -54.8% | ANF 226% · ROST 112% · TJX 110% |
| Other Specialty Retail | 25 | -6.7% | -13.2% | -58.7% | ULTA 67% · ASO 50% · DKS 28% |
| Consumer Electronics | 11 | -34.7% | -19.7% | -79.7% | GRMN 119% · SONO -47% |
| Automobile Manufacturers | 9 | -62.2% | -46.6% | -90.6% | GM 42% · TSLA 13% · F -16% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 136.31 |
| Mkt Cap | 17.7 |
| Rev LTM | 13,368 |
| Op Inc LTM | 1,644 |
| FCF LTM | 954 |
| FCF 3Y Avg | 1,208 |
| CFO LTM | 1,065 |
| CFO 3Y Avg | 1,298 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -8.7% |
| Rev Chg 3Y Avg | -1.3% |
| Rev Chg Q | -9.2% |
| QoQ Delta Rev Chg LTM | -2.5% |
| Op Inc Chg LTM | -27.5% |
| Op Inc Chg 3Y Avg | -13.0% |
| Op Mgn LTM | 12.6% |
| Op Mgn 3Y Avg | 15.2% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 9.4% |
| CFO/Rev 3Y Avg | 8.5% |
| FCF/Rev LTM | 9.1% |
| FCF/Rev 3Y Avg | 7.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.7 |
| P/S | 1.3 |
| P/Op Inc | 10.9 |
| P/EBIT | 10.8 |
| P/E | 13.7 |
| P/CFO | 14.5 |
| Total Yield | 8.9% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 5.1% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 12.2% |
| 3M Rtn | -2.8% |
| 6M Rtn | 9.4% |
| 12M Rtn | 1.2% |
| 3Y Rtn | 5.9% |
| 1M Excs Rtn | 8.7% |
| 3M Excs Rtn | -0.7% |
| 6M Excs Rtn | 6.5% |
| 12M Excs Rtn | -11.7% |
| 3Y Excs Rtn | -60.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Homebuilding segment | 16,923 | 17,514 | 15,741 | 15,691 | 13,347 |
| Financial Services | 389 | 433 | 321 | 312 | 390 |
| Total | 17,312 | 17,947 | 16,062 | 16,003 | 13,737 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Homebuilding segment | 17,156 | 16,366 | 15,247 | 13,924 | 12,270 |
| Financial Services | 893 | 998 | 840 | 872 | 1,082 |
| Total | 18,048 | 17,364 | 16,087 | 14,797 | 13,353 |
Price Behavior
Price Behavior
| Market Price | $127.01 | |
| Market Cap ($ Bil) | 23.7 | |
| First Trading Date | 07/01/1985 | |
| Distance from 52W High | -10.3% | |
| 50 Days | 200 Days | |
| DMA Price | $120.03 | $123.84 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 5.8% | 2.6% |
| 3M | 1YR | |
| Volatility | 36.3% | 35.1% |
| Downside Capture | 56.14 | 89.23 |
| Upside Capture | 60.73 | 87.38 |
| Correlation (S&P 500) | 19.5% | 33.5% |
PHM Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.78 | 0.31 | 0.62 | 0.72 | 0.87 | 0.85 |
| Up Beta | -3.74 | 0.41 | 0.81 | 0.55 | 1.13 | 0.95 |
| Down Beta | -0.91 | -0.63 | -0.42 | 0.54 | 0.75 | 0.49 |
| Up Capture | 4% | 57% | 79% | 82% | 73% | 88% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 23 | 34 | 68 | 124 | 372 |
| Down Capture | -109% | 62% | 93% | 86% | 90% | 99% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 20 | 30 | 58 | 127 | 376 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PHM | |
|---|---|---|---|---|
| PHM | 6.2% | 35.1% | 0.22 | - |
| Sector ETF (XLY) | 1.5% | 19.8% | -0.05 | 53.8% |
| Equity (SPY) | 11.6% | 13.7% | 0.54 | 33.0% |
| Gold (GLD) | -7.9% | 28.9% | -0.29 | 20.6% |
| Commodities (DBC) | 33.8% | 21.3% | 1.26 | -35.8% |
| Real Estate (VNQ) | 10.7% | 14.2% | 0.47 | 57.5% |
| Bitcoin (BTCUSD) | -30.9% | 43.5% | -0.73 | 2.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PHM | |
|---|---|---|---|---|
| PHM | 21.4% | 35.3% | 0.62 | - |
| Sector ETF (XLY) | 3.4% | 24.2% | 0.10 | 57.2% |
| Equity (SPY) | 11.5% | 17.3% | 0.49 | 51.9% |
| Gold (GLD) | 15.9% | 19.2% | 0.66 | 13.3% |
| Commodities (DBC) | 7.8% | 19.6% | 0.28 | -3.4% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 59.4% |
| Bitcoin (BTCUSD) | 2.8% | 51.5% | 0.24 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PHM | |
|---|---|---|---|---|
| PHM | 23.0% | 36.9% | 0.67 | - |
| Sector ETF (XLY) | 13.2% | 22.3% | 0.54 | 58.5% |
| Equity (SPY) | 15.5% | 18.0% | 0.73 | 54.7% |
| Gold (GLD) | 11.1% | 16.6% | 0.54 | 14.3% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 9.5% |
| Real Estate (VNQ) | 6.3% | 20.7% | 0.26 | 59.3% |
| Bitcoin (BTCUSD) | 58.8% | 66.2% | 0.99 | 15.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/1/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2026 | 5.8% | 6.0% | |
| 7/22/2026 | 2.0% | 8.4% | 5.2% |
| 4/23/2026 | 2.4% | -5.4% | -8.8% |
| 1/29/2026 | 3.2% | 9.2% | 11.3% |
| 10/21/2025 | 0.0% | -2.4% | -7.9% |
| 7/22/2025 | 11.5% | 7.5% | 20.0% |
| 4/22/2025 | 8.4% | 10.0% | 8.8% |
| 1/30/2025 | 4.9% | -1.5% | -8.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 19 | 15 | 15 |
| # Negative | 5 | 9 | 8 |
| Median Positive | 4.2% | 7.5% | 6.1% |
| Median Negative | -4.3% | -2.4% | -7.9% |
| Max Positive | 11.5% | 10.6% | 23.7% |
| Max Negative | -7.2% | -7.3% | -10.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2026 | 5.8% | 6.0% | |
| 7/22/2026 | 2.0% | 8.4% | 5.2% |
| 4/23/2026 | 2.4% | -5.4% | -8.8% |
| 1/29/2026 | 3.2% | 9.2% | 11.3% |
| 10/21/2025 | 0.0% | -2.4% | -7.9% |
| 7/22/2025 | 11.5% | 7.5% | 20.0% |
| 4/22/2025 | 8.4% | 10.0% | 8.8% |
| 1/30/2025 | 4.9% | -1.5% | -8.6% |
| 10/22/2024 | -7.2% | -7.2% | -10.9% |
| 7/23/2024 | 0.0% | 5.8% | -0.7% |
| 4/23/2024 | 4.6% | 6.2% | 9.3% |
| 1/30/2024 | -0.5% | -1.6% | 0.3% |
| 10/24/2023 | 1.5% | 2.4% | 23.7% |
| 7/25/2023 | 6.2% | 7.5% | 0.4% |
| 4/25/2023 | 1.7% | 3.0% | 2.9% |
| 1/31/2023 | 9.4% | 10.6% | 4.3% |
| 10/25/2022 | 4.2% | 5.3% | 15.2% |
| 7/26/2022 | -4.3% | -1.2% | -7.9% |
| 4/28/2022 | 4.5% | 10.1% | 8.0% |
| 2/1/2022 | 0.9% | -7.3% | -5.0% |
| 10/26/2021 | -2.4% | -2.4% | 6.1% |
| 7/27/2021 | 0.1% | 3.0% | 0.4% |
| 4/27/2021 | 4.3% | 10.1% | 3.2% |
| 1/28/2021 | -5.7% | -1.9% | -4.5% |
| SUMMARY STATS | |||
| # Positive | 19 | 15 | 15 |
| # Negative | 5 | 9 | 8 |
| Median Positive | 4.2% | 7.5% | 6.1% |
| Median Negative | -4.3% | -2.4% | -7.9% |
| Max Positive | 11.5% | 10.6% | 23.7% |
| Max Negative | -7.2% | -7.3% | -10.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/22/2026 | 10-Q |
| 06/30/2026 | 07/22/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/04/2026 | 10-K |
| 09/30/2025 | 10/21/2025 | 10-Q |
| 06/30/2025 | 07/22/2025 | 10-Q |
| 03/31/2025 | 04/22/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/22/2024 | 10-Q |
| 06/30/2024 | 07/23/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 02/05/2024 | 10-K |
| 09/30/2023 | 10/24/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/25/2023 | 10-Q |
| 12/31/2022 | 02/06/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/22/2026 | 10-Q |
| 06/30/2026 | 07/22/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/04/2026 | 10-K |
| 09/30/2025 | 10/21/2025 | 10-Q |
| 06/30/2025 | 07/22/2025 | 10-Q |
| 03/31/2025 | 04/22/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/22/2024 | 10-Q |
| 06/30/2024 | 07/23/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 02/05/2024 | 10-K |
| 09/30/2023 | 10/24/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/25/2023 | 10-Q |
| 12/31/2022 | 02/06/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/07/2022 | 10-K |
| 09/30/2021 | 10/26/2021 | 10-Q |
| 06/30/2021 | 07/27/2021 | 10-Q |
| 03/31/2021 | 04/27/2021 | 10-Q |
| 12/31/2020 | 02/02/2021 | 10-K |
| 09/30/2020 | 10/22/2020 | 10-Q |
| 06/30/2020 | 07/23/2020 | 10-Q |
| 03/31/2020 | 04/23/2020 | 10-Q |
| 12/31/2019 | 01/30/2020 | 10-K |
Insider Activity
Updated 11/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Koart, Matthew William | Exec. VP & COO | Direct | Sell | 5272026 | 120.00 | 7,457 | 894,840 | 3,372,000 | Form |
| 2 | Snyder, Lila | Direct | Sell | 5082026 | 117.18 | 3,339 | 391,264 | 414,817 | Form | |
| 3 | Henry, Kevin A | EVP and Chief People Officer | Direct | Sell | 2242026 | 141.03 | 5,173 | 729,574 | 2,069,407 | Form |
| 4 | Sheldon, Todd N | EVP, Gen Counsel, Corp Sec'y | Direct | Sell | 2062026 | 135.01 | 14,220 | 1,919,785 | 9,417,074 | Form |
| 5 | Koart, Matthew William | Exec. VP & COO | Direct | Sell | 2062026 | 135.79 | 15,309 | 2,078,855 | 5,760,067 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Koart, Matthew William | Exec. VP & COO | Direct | Sell | 5272026 | 120.00 | 7,457 | 894,840 | 3,372,000 | Form |
| 2 | Snyder, Lila | Direct | Sell | 5082026 | 117.18 | 3,339 | 391,264 | 414,817 | Form | |
| 3 | Henry, Kevin A | EVP and Chief People Officer | Direct | Sell | 2242026 | 141.03 | 5,173 | 729,574 | 2,069,407 | Form |
| 4 | Sheldon, Todd N | EVP, Gen Counsel, Corp Sec'y | Direct | Sell | 2062026 | 135.01 | 14,220 | 1,919,785 | 9,417,074 | Form |
| 5 | Koart, Matthew William | Exec. VP & COO | Direct | Sell | 2062026 | 135.79 | 15,309 | 2,078,855 | 5,760,067 | Form |
| 6 | O'Meara, Brien P | Vice President & Controller | Direct | Sell | 2062026 | 135.51 | 4,000 | 542,040 | 1,165,522 | Form |
| 7 | Marshall, Ryan | Chief Exec Officer, President | Direct | Sell | 2062026 | 133.86 | 111,250 | 14,892,036 | 88,266,873 | Form |
| 8 | Folliard, Thomas J | Direct | Sell | 2062026 | 134.04 | 37,000 | 4,959,406 | 1,103,133 | Form |
Investor Activity (13F)
Updated Nov 14, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
| Active Manager |
|---|
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Leadership
CHRO Sylvia Taylor on International Organizations #employeeperformance #humanresourcestips
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Homebuilding Resources |
| Builder Online |
| Professional Builder |
| HousingWire |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/13/2026