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PulteGroup (PHM)

Market Price (4/21/2026): $127.39 | Market Cap: $24.7 Bil
Sector: Consumer Discretionary | Industry: Homebuilding

PulteGroup (PHM)

Market Price (4/21/2026): $127.39
Market Cap: $24.7 Bil
Sector: Consumer Discretionary
Industry: Homebuilding

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.5%, FCF Yield is 7.1%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%

Stock buyback support
Stock Buyback 3Y Total is 3.5 Bil

Low stock price volatility
Vol 12M is 35%

Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and Electrification of Everything. Themes include IoT for Buildings, Show more.

Weak multi-year price returns
2Y Excs Rtn is -22%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.5%, Rev Chg QQuarterly Revenue Change % is -6.3%

Key risks
PHM key risks include [1] margin pressure from an increased use of sales incentives, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.5%, FCF Yield is 7.1%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Stock buyback support
Stock Buyback 3Y Total is 3.5 Bil
3 Low stock price volatility
Vol 12M is 35%
4 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and Electrification of Everything. Themes include IoT for Buildings, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -22%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.5%, Rev Chg QQuarterly Revenue Change % is -6.3%
7 Key risks
PHM key risks include [1] margin pressure from an increased use of sales incentives, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

PulteGroup (PHM) stock has gained about 10% since 12/31/2025 because of the following key factors:

1. PulteGroup's Fourth Quarter 2025 Results and Shareholder Returns. The company reported net new orders increased 4% year-over-year to 6,428 homes when it released its Q4 2025 earnings on January 29, 2026. PulteGroup also demonstrated a commitment to shareholder returns by repurchasing 2.4 million common shares for $300 million in Q4 2025. Following this earnings release, the stock rose 1.39% in premarket trading.

2. Improving Macroeconomic Housing Market Conditions. A key macroeconomic factor contributing to the positive trend was the decline in mortgage rates, with the average rate for a 30-year fixed-rate mortgage falling below 6.0% in February 2026 for the first time since 2022. This improvement in housing affordability is anticipated to boost buyer demand and stimulate a gradual rebound in housing activity in 2026.

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Stock Movement Drivers

Fundamental Drivers

The 8.9% change in PHM stock from 12/31/2025 to 4/20/2026 was primarily driven by a 27.5% change in the company's P/E Multiple.
(LTM values as of)123120254202026Change
Stock Price ($)117.01127.408.9%
Change Contribution By: 
Total Revenues ($ Mil)17,62317,312-1.8%
Net Income Margin (%)14.9%12.8%-14.1%
P/E Multiple8.711.127.5%
Shares Outstanding (Mil)1971941.3%
Cumulative Contribution8.9%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/20/2026
ReturnCorrelation
PHM8.9% 
Market (SPY)-5.4%34.4%
Sector (XLY)0.4%56.1%

Fundamental Drivers

The -3.2% change in PHM stock from 9/30/2025 to 4/20/2026 was primarily driven by a -17.3% change in the company's Net Income Margin (%).
(LTM values as of)93020254202026Change
Stock Price ($)131.58127.40-3.2%
Change Contribution By: 
Total Revenues ($ Mil)17,69517,312-2.2%
Net Income Margin (%)15.5%12.8%-17.3%
P/E Multiple9.611.116.6%
Shares Outstanding (Mil)1991942.7%
Cumulative Contribution-3.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/20/2026
ReturnCorrelation
PHM-3.2% 
Market (SPY)-2.9%31.6%
Sector (XLY)0.2%51.3%

Fundamental Drivers

The 24.9% change in PHM stock from 3/31/2025 to 4/20/2026 was primarily driven by a 64.9% change in the company's P/E Multiple.
(LTM values as of)33120254202026Change
Stock Price ($)101.98127.4024.9%
Change Contribution By: 
Total Revenues ($ Mil)17,94717,312-3.5%
Net Income Margin (%)17.2%12.8%-25.4%
P/E Multiple6.811.164.9%
Shares Outstanding (Mil)2041945.3%
Cumulative Contribution24.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/20/2026
ReturnCorrelation
PHM24.9% 
Market (SPY)16.3%38.2%
Sector (XLY)22.1%53.5%

Fundamental Drivers

The 123.7% change in PHM stock from 3/31/2023 to 4/20/2026 was primarily driven by a 125.5% change in the company's P/E Multiple.
(LTM values as of)33120234202026Change
Stock Price ($)56.95127.40123.7%
Change Contribution By: 
Total Revenues ($ Mil)16,00317,3128.2%
Net Income Margin (%)16.4%12.8%-21.6%
P/E Multiple4.911.1125.5%
Shares Outstanding (Mil)22719417.0%
Cumulative Contribution123.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/20/2026
ReturnCorrelation
PHM123.7% 
Market (SPY)63.3%40.4%
Sector (XLY)64.0%49.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PHM Return34%-19%129%6%9%8%209%
Peers Return52%-21%75%8%-5%1%119%
S&P 500 Return27%-19%24%23%16%4%90%

Monthly Win Rates [3]
PHM Win Rate67%42%58%58%50%75% 
Peers Win Rate77%38%63%62%40%70% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PHM Max Drawdown-5%-36%0%-3%-15%-3% 
Peers Max Drawdown-5%-42%-0%-6%-20%-9% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: DHI, LEN, NVR, TOL, TMHC. 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 4/20/2026 (YTD)

How Low Can It Go

Unique KeyEventPHMS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-41.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven72.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven305 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-62.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven164.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven151 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-40.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven68.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven326 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-79.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven393.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,349 days1,480 days

Compare to DHI, LEN, NVR, TOL, TMHC

In The Past

PulteGroup's stock fell -41.9% during the 2022 Inflation Shock from a high on 5/10/2021. A -41.9% loss requires a 72.0% gain to breakeven.

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Asset Allocation

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About PulteGroup (PHM)

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2021, it controlled 228,296 lots, of which 109,078 were owned and 119,218 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. The company was founded in 1950 and is headquartered in Atlanta, Georgia.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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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.
```

AI Analysis | Feedback

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.

AI Analysis | Feedback

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AI Analysis | Feedback

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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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AI Analysis | Feedback

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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%.

Better Bets vs. PulteGroup (PHM)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1PulteGroup Earnings Notes12/26/2025
2PHM Stock Falls -7% In A 6-day Losing Spree On Negative Analyst Outlook12/24/2025
3PulteGroup Stock Slides 5.7% With A 5-Day Losing Spree12/23/2025
4PulteGroup Stock Drop Looks Sharp, But How Deep Can It Go?10/17/2025
5Day 5 of Loss Streak for PulteGroup Stock with -13% Return (vs. 11% YTD) [10/10/2025]10/11/2025
6Day 7 of Gains Streak for PulteGroup Stock with 7.9% Return (vs. 30% YTD) [9/8/2025]09/09/2025
7Day 6 of Gains Streak for PulteGroup Stock with 6.9% Return (vs. 30% YTD) [9/6/2025]09/07/2025
8Day 6 of Gains Streak for PulteGroup Stock with 6.9% Return (vs. 30% YTD) [9/5/2025]09/06/2025
9ARTICLES 
10Can PulteGroup Outrun Lennar in the Next Rally?01/15/2026
11Between PulteGroup and D.R. Horton, Which Stock Looks Set to Break Out?01/14/2026
12Is PulteGroup a Better Buy Than Lennar?12/24/2025
13PulteGroup Stock Slides -7% With A 6-Day Losing Spree12/24/2025
145-Day Sell-Off Sends PulteGroup Stock Down -5.7%12/23/2025
Title
0DASHBOARDS
1PulteGroup Earnings Notes
2PHM Stock Falls -7% In A 6-day Losing Spree On Negative Analyst Outlook
3PulteGroup Stock Slides 5.7% With A 5-Day Losing Spree
4PulteGroup Stock Drop Looks Sharp, But How Deep Can It Go?
5Day 5 of Loss Streak for PulteGroup Stock with -13% Return (vs. 11% YTD) [10/10/2025]
6Day 7 of Gains Streak for PulteGroup Stock with 7.9% Return (vs. 30% YTD) [9/8/2025]
7Day 6 of Gains Streak for PulteGroup Stock with 6.9% Return (vs. 30% YTD) [9/6/2025]
8Day 6 of Gains Streak for PulteGroup Stock with 6.9% Return (vs. 30% YTD) [9/5/2025]
9ARTICLES
10Can PulteGroup Outrun Lennar in the Next Rally?
11Between PulteGroup and D.R. Horton, Which Stock Looks Set to Break Out?
12Is PulteGroup a Better Buy Than Lennar?
13PulteGroup Stock Slides -7% With A 6-Day Losing Spree
145-Day Sell-Off Sends PulteGroup Stock Down -5.7%

Trade Ideas

Select ideas related to PHM.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
SKY_3312026_Dip_Buyer_FCFYield03312026SKYChampion HomesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		0.0%0.0%0.0%
DPZ_3272026_Dip_Buyer_FCFYield03272026DPZDomino's PizzaDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		3.1%3.1%0.0%
ETSY_3272026_Dip_Buyer_FCFYield03272026ETSYEtsyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		5.6%5.6%0.0%
OLLI_3272026_Dip_Buyer_ValueBuy03272026OLLIOllie's Bargain OutletDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		3.1%3.1%0.0%
PATK_3272026_Insider_Buying_GTE_1Mil_EBITp+DE_V203272026PATKPatrick IndustriesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		3.4%3.4%-1.6%
PHM_9302022_Dip_Buyer_FCFYield09302022PHMPulteGroupDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		56.4%99.6%-2.4%
PHM_3312022_Dip_Buyer_FCFYield03312022PHMPulteGroupDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-8.3%41.0%-13.2%

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Peer Comparisons

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Financials

PHMDHILENNVRTOLTMHCMedian
NamePulteGro.D.R. Hor.Lennar NVR Toll Bro.Taylor M. 
Mkt Price127.40153.3494.127,096.97147.2961.87137.34
Mkt Cap24.744.823.020.114.16.021.5
Rev LTM17,31233,52433,17510,34211,2538,12114,283
Op Inc LTM2,9794,1222,2701,6891,7211,1351,995
FCF LTM1,7493,477-901,0971,4537771,275
FCF 3Y Avg1,8053,1701,9681,3051,1745701,555
CFO LTM1,8713,628721,1211,5408171,331
CFO 3Y Avg1,9163,3132,1291,3311,2516111,624

Growth & Margins

PHMDHILENNVRTOLTMHCMedian
NamePulteGro.D.R. Hor.Lennar NVR Toll Bro.Taylor M. 
Rev Chg LTM-3.5%-8.6%-7.2%-1.9%4.6%-0.6%-2.7%
Rev Chg 3Y Avg2.9%0.1%-0.7%-0.3%3.2%-0.1%-0.0%
Rev Chg Q-6.3%-9.5%-13.3%-4.7%15.4%-10.9%-7.9%
QoQ Delta Rev Chg LTM-1.8%-2.1%-3.0%-1.3%2.6%-3.1%-1.9%
Op Inc Chg LTM-23.4%-28.9%-51.1%-15.3%-11.8%-6.5%-19.4%
Op Inc Chg 3Y Avg-3.4%-16.8%-27.5%-8.2%4.0%-6.6%-7.4%
Op Mgn LTM17.2%12.3%6.8%16.3%15.3%14.0%14.6%
Op Mgn 3Y Avg20.0%15.0%11.9%18.1%17.1%14.5%16.0%
QoQ Delta Op Mgn LTM-2.1%-0.6%-1.2%-0.7%-0.4%-0.7%-0.7%
CFO/Rev LTM10.8%10.8%0.2%10.8%13.7%10.1%10.8%
CFO/Rev 3Y Avg11.3%9.4%6.0%13.2%11.7%7.8%10.3%
FCF/Rev LTM10.1%10.4%-0.3%10.6%12.9%9.6%10.2%
FCF/Rev 3Y Avg10.6%9.0%5.6%12.9%10.9%7.3%9.8%

Valuation

PHMDHILENNVRTOLTMHCMedian
NamePulteGro.D.R. Hor.Lennar NVR Toll Bro.Taylor M. 
Mkt Cap24.744.823.020.114.16.021.5
P/S1.41.30.71.91.30.71.3
P/Op Inc8.310.910.111.98.25.39.2
P/EBIT8.510.910.111.28.25.39.3
P/E11.113.412.915.010.27.712.0
P/CFO13.212.4318.017.99.27.312.8
Total Yield9.7%8.6%10.0%6.7%10.1%13.0%9.8%
Dividend Yield0.7%1.1%2.2%0.0%0.3%0.0%0.5%
FCF Yield 3Y Avg8.1%7.0%4.7%5.8%9.7%9.9%7.5%
D/E0.10.10.20.10.20.40.2
Net D/E-0.00.10.1-0.00.10.30.1

Returns

PHMDHILENNVRTOLTMHCMedian
NamePulteGro.D.R. Hor.Lennar NVR Toll Bro.Taylor M. 
1M Rtn11.2%15.2%3.9%11.4%11.8%8.0%11.3%
3M Rtn-2.0%-1.4%-20.3%-6.1%0.6%-2.2%-2.1%
6M Rtn3.8%0.3%-24.9%-7.6%8.9%-0.4%-0.0%
12M Rtn35.2%28.0%-8.5%-1.3%58.0%9.6%18.8%
3Y Rtn107.5%48.2%-11.6%19.8%144.3%57.0%52.6%
1M Excs Rtn0.5%3.5%-7.2%3.0%0.4%-1.9%0.5%
3M Excs Rtn-4.4%-3.8%-22.7%-8.6%-1.8%-4.6%-4.5%
6M Excs Rtn-4.0%-6.4%-30.3%-13.9%2.8%-7.0%-6.7%
12M Excs Rtn3.5%-2.8%-41.5%-34.0%26.9%-22.1%-12.4%
3Y Excs Rtn48.7%-10.3%-76.8%-44.3%81.3%-8.3%-9.3%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Homebuilding segment16,36615,24713,92412,27011,513
Financial Services9988408721,082692
Total17,36416,08714,79713,35312,205


Price Behavior

Price Behavior
Market Price$127.40 
Market Cap ($ Bil)24.7 
First Trading Date07/01/1985 
Distance from 52W High-10.4% 
   50 Days200 Days
DMA Price$126.49$124.38
DMA Trendupdown
Distance from DMA0.7%2.4%
 3M1YR
Volatility33.0%34.7%
Downside Capture0.020.36
Upside Capture-7.8791.21
Correlation (SPY)26.6%35.9%
PHM Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.380.660.940.790.720.87
Up Beta4.330.861.130.930.750.90
Down Beta1.091.401.440.870.480.54
Up Capture55%12%74%52%85%122%
Bmk +ve Days7162765139424
Stock +ve Days6192952118377
Down Capture164%55%61%87%93%99%
Bmk -ve Days12233358110323
Stock -ve Days16233473132370

[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
PHM38.5%34.7%0.98-
Sector ETF (XLY)31.0%19.4%1.2752.3%
Equity (SPY)23.9%12.7%1.5337.4%
Gold (GLD)44.9%27.4%1.346.4%
Commodities (DBC)23.7%16.2%1.32-8.2%
Real Estate (VNQ)18.0%13.7%0.9656.4%
Bitcoin (BTCUSD)-8.3%42.7%-0.0913.1%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PHM
PHM19.9%34.7%0.59-
Sector ETF (XLY)6.8%23.8%0.2557.3%
Equity (SPY)10.7%17.1%0.4854.1%
Gold (GLD)22.2%17.8%1.0211.1%
Commodities (DBC)11.4%18.8%0.506.1%
Real Estate (VNQ)4.4%18.8%0.1457.7%
Bitcoin (BTCUSD)4.0%56.4%0.2921.7%

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
PHM23.4%36.4%0.68-
Sector ETF (XLY)13.1%22.0%0.5558.9%
Equity (SPY)14.0%17.9%0.6756.1%
Gold (GLD)14.0%15.9%0.7312.0%
Commodities (DBC)8.4%17.6%0.4015.3%
Real Estate (VNQ)5.7%20.7%0.2458.7%
Bitcoin (BTCUSD)68.4%66.9%1.0714.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity7.9 Mil
Short Interest: % Change Since 3152026-1.3%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest4.1 days
Basic Shares Quantity194.1 Mil
Short % of Basic Shares4.1%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/29/20263.2%9.2%11.3%
10/21/20250.0%-2.4%-7.9%
7/22/202511.5%7.5%20.0%
4/22/20258.4%10.0%8.8%
1/30/20254.9%-1.5%-8.6%
10/22/2024-7.2%-7.2%-10.9%
7/23/20240.0%5.8%-0.7%
4/23/20244.6%6.2%9.3%
...
SUMMARY STATS   
# Positive171516
# Negative798
Median Positive4.3%7.5%8.4%
Median Negative-4.3%-2.4%-6.5%
Max Positive11.5%25.8%35.8%
Max Negative-7.2%-7.3%-10.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/04/202610-K
09/30/202510/21/202510-Q
06/30/202507/22/202510-Q
03/31/202504/22/202510-Q
12/31/202402/06/202510-K
09/30/202410/22/202410-Q
06/30/202407/23/202410-Q
03/31/202404/23/202410-Q
12/31/202302/05/202410-K
09/30/202310/24/202310-Q
06/30/202307/25/202310-Q
03/31/202304/25/202310-Q
12/31/202202/06/202310-K
09/30/202210/25/202210-Q
06/30/202207/26/202210-Q
03/31/202204/28/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Oshaughnessy, RobertExec. VPDirectSell8152025128.0321,9272,807,2488,227,527Form
2O'Meara, Brien PVice President & ControllerDirectSell8152025127.97814104,1701,351,139Form
3O'Meara, Brien PVice President & ControllerDirectSell2132025106.403,500372,3861,209,934Form
4Sheldon, Todd NEVP, Gen Counsel, Corp Sec'yDirectSell2132025106.5015,1911,617,8427,961,727Form
5Anderson, Brian P DirectSell2112025106.452,500266,1226,026,823Form

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