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PHMPulteGroup, Inc.
$118.71$22.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PHM logo

PulteGroup, Inc.

PHM
NYSE · Homebuilders
$118.71
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$22.91B
P/E10.7x
52W High$144.50
Volume1.58M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Compression and Cash Squeeze Test Shareholder Returns

PulteGroup's fundamental outlook is challenged by a deepening revenue contraction (-9.6% YoY in 2026Q2) and accelerating gross margin erosion (down 650 bps YoY to 20.7%), signaling waning pricing power and rising input costs. The company's land-light strategy ...

GrowthDecelerating
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PHM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-31% Peers

P/E is 31% below peer median

03

Market leadership

RS 43 · Lag

Laggard (Underperforming 57% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 22
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue declined 9.6% YoY in 2026Q2, marking the fourth consecutive quarter of contraction, while gross margin compressed to 20.7% from 27.2% a year earlier, driving operating margin down to 11.1%.

Analyst Consensus+21.2% target
Hold(44 analysts)
20 Buy21 Hold3 Sell

The Bull Case

Upside Catalysts

Quality business model

PulteGroup is described as a high-quality business with persistent performance, which academic research shows tends to outperform by 4-6% annually over long periods.

Strong momentum

The stock has a momentum score of 55/100, indicating market recognition and the tendency for momentum to persist.

Attractive valuation metrics

PulteGroup screens well on Peter Lynch-style metrics such as earnings growth and PEG ratio, highlighting its valuation appeal.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PHM+0.35%
S&P 500 (^GSPC)+12.39%
1-Year Return
PHM-7.92%
S&P 500 (^GSPC)+15.77%
3-Year Return
PHM+64.25%
S&P 500 (^GSPC)+72.66%
5-Year Return
PHM+159.02%
S&P 500 (^GSPC)+69.92%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
10.7x
Forward P/E
11.7x
EV/EBITDA80th %ile
7.5x
FCF YieldCash Flow
7.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.7x
7.7x
100th· High
EV/EBITDA
7.5x
6.0x
80th· High
Price/FCF
13.1x
14.6x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$107.71-9.3%
Base (Fair)$168.85+44.0%
Bull$257.32+116.8%
$107.71 Bear$168.85 Base$257.32 Bull
Current Market Price: $118.71
Trades at a 29.7% discount to Base DCF ($168.85)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$17.31B-3.5% YoY
Net income
$2.22B-28.0% YoY
Free cash flow
$1.75B+11.9% YoY
Operating margin
17.3%-4.4 pts YoY
ROIC (TTM)17.2%
Avg ROIC 5Y-
ROE (TTM)17.7%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 22, 2026
$2.48+5.1%
vs $2.36
$4.0B+1.0%
vs $3.9B
Q2 2026
Apr 23, 2026
$1.79-1.1%
vs $1.81
$3.4B+1.0%
vs $3.4B
Q1 2026
Jan 29, 2026
$2.58-8.2%
vs $2.81
$4.6B+6.4%
vs $4.3B
Q4 2025
Oct 21, 2025
$2.96+2.4%
vs $2.89
$4.4B+2.4%
vs $4.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·1d ago
Investors Heavily Search PulteGroup, Inc. (PHM): Here is What You Need to Know

Zacks.com users have recently been watching PulteGroup (PHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Zacks Investment Research·Sep 16, 2026
PulteGroup (PHM) Falls More Steeply Than Broader Market: What Investors Need to Know

The latest trading day saw PulteGroup (PHM) settling at $117.55, representing a -1.61% change from its previous close.

Seeking Alpha·Sep 16, 2026
Baron Real Estate Fund Q2 2026 Portfolio Activity

Baron Real Estate Fund delivered strong results in the second quarter. The Fund increased 11.89% (Institutional Shares). Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results and an Investor Day in May that outlined strong long-term growth targets. Shares of AAON, Inc. rose during the quarter following an exceptionally strong earnings report which saw the company see drastically faster growth in its data center business, BasX, than expected.

MarketBeat·Sep 16, 2026
Homebuilders Are Down for the Year, Is Wall Street in Denial?

Two recent data points are shaking homebuilder stocks. The 10-year Treasury note briefly hit 5%, and the rate on a 30-year fixed mortgage climbed back to 7%.

Filtered for PulteGroup, Inc.More Headlines
04

Compare before deciding

Benchmark PHM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for PulteGroup, Inc. (PHM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PHM logoPHMPulteGroup, Inc.Current
$118.71$22.91B10.68-3.54%12.82%17.67%0.75%
DHI logoDHID.R. Horton, Inc.
$140.17$39.21B12.12-6.93%9.15%12.47%—
LEN logoLENLennar Corporation
$81.52$20.24B10.22-3.54%4.1%5.99%—
NVR logoNVRNVR, Inc.
$6246.31$16.86B14.31-2.08%12.11%31.02%—
TOL logoTOLToll Brothers, Inc.
$135.29$12.65B10.031.11%11.14%14.21%—
MHO logoMHOM/I Homes, Inc.
$137.77$3.55B9.35-1.93%7.44%9.97%—

Compare PHM vs Peers

PulteGroup, Inc. (PHM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DHI

Most directly comparable listed peer for PHM.

Scale Benchmark

vs RKT

Larger-name benchmark to compare PHM against a more recognizable public peer.

Peer Set

Compare Top 5

vs DHI, LEN, NVR, TOL

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PHM SEC Filings & Documents

PulteGroup, Inc. (PHM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 22, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 23, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 4, 2026·SEC

FY 2025

Feb 6, 2025·SEC

FY 2024

Feb 5, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 22, 2026·SEC

FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 21, 2025·SEC

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PHM Frequently Asked Questions

PulteGroup, Inc. (PHM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is PulteGroup, Inc.'s revenue?

PulteGroup, Inc. (PHM) reported $16.41B in revenue for fiscal year 2025. This represents a 588% increase from $2.38B in 1996.

How fast is PulteGroup, Inc. growing?

PulteGroup, Inc. (PHM) saw revenue decline by 3.5% over the past year.

Is PHM profitable?

Yes, PulteGroup, Inc. (PHM) is profitable, generating $1.91B in net income for fiscal year 2025 (12.8% net margin).

Dividend & Returns
Does PHM pay dividends?

Yes, PulteGroup, Inc. (PHM) pays a dividend with a yield of 0.75%. This makes it attractive for income-focused investors.

What is PHM's return on equity?

PulteGroup, Inc. (PHM) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.

What is PulteGroup, Inc.'s free cash flow?

PulteGroup, Inc. (PHM) generated $1.51B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in PHM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →