LEN vs PHM
Lennar Corp. and PulteGroup Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LEN | PHM |
|---|---|---|
| Revenue | $34.2B | $17.3B |
| Net income | $2.1B | $2.2B |
| Gross margin | · | · |
| Net margin | 6.2% | 12.8% |
| Return on equity | 8.3% | 17.7% |
| Diluted EPS | · | $11.12 |
| Dividend / share | · | $0.92 |
| Payout ratio | 25.1% | 8.0% |
| Free cash flow | $28.2M | $1.7B |
| Equity | $22.0B | $13.0B |
| Net debt / equity | 0.10× | −0.15× |
| Current ratio | · | · |
| Revenue CAGR 5y | 8.7% | 9.4% |
| Profit CAGR 5y | −3.4% | 9.5% |
LEN bills 2.0× the revenue of PHM, and PHM keeps more of each dollar of revenue as profit (12.8% against 6.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | LEN | PHM |
|---|---|---|
| FY2025 | $34.2B | $17.3B |
| FY2024 | $35.4B | $17.9B |
| FY2023 | $34.2B | $16.1B |
| FY2022 | $33.7B | $16.0B |
| FY2021 | $27.1B | $13.7B |
| FY2020 | $22.5B | $11.0B |
| FY2019 | $22.3B | $10.2B |
| FY2018 | $20.6B | $10.2B |
| FY2017 | $12.6B | $8.6B |
| FY2016 | $10.9B | $7.7B |
Bottom line
| Fiscal year | LEN | PHM |
|---|---|---|
| FY2025 | $2.1B | $2.2B |
| FY2024 | $3.9B | $3.1B |
| FY2023 | $3.9B | $2.6B |
| FY2022 | $4.6B | $2.6B |
| FY2021 | $4.4B | $1.9B |
| FY2020 | $2.5B | $1.4B |
| FY2019 | $1.8B | $1.0B |
| FY2018 | $1.7B | $1.0B |
| FY2017 | $810.5M | $447.2M |
| FY2016 | $911.8M | $602.7M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$16,874,981,000 | LEN |
| FY2024 | +$17,494,502,000 | LEN |
| FY2023 | +$18,171,788,000 | LEN |
| FY2022 | +$17,668,031,000 | LEN |
| FY2021 | +$13,393,681,000 | LEN |
| FY2020 | +$11,452,772,000 | LEN |
| FY2019 | +$12,046,604,000 | LEN |
| FY2018 | +$10,383,300,000 | LEN |
| FY2017 | +$4,068,679,000 | LEN |
| FY2016 | +$3,273,469,000 | LEN |
| FY2015 | +$3,492,044,000 | LEN |
| FY2014 | +$1,957,449,000 | LEN |
| FY2013 | +$255,500,000 | LEN |
| FY2012 | −$714,866,000 | PHM |
| FY2011 | −$1,041,305,000 | PHM |
| FY2010 | −$1,495,268,000 | PHM |
| FY2009 | −$965,002,000 | PHM |
| FY2008 | −$1,687,637,000 | PHM |
The higher-revenue side has changed between LEN and PHM over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.6 pp | PHM |
| FY2024 | −6.0 pp | PHM |
| FY2023 | −4.6 pp | PHM |
| FY2022 | −2.5 pp | PHM |
| FY2021 | +2.3 pp | LEN |
| FY2020 | −1.8 pp | PHM |
| FY2019 | −1.7 pp | PHM |
| FY2018 | −1.7 pp | PHM |
| FY2017 | +0.9 pp | LEN |
| FY2016 | +0.5 pp | LEN |
| FY2015 | +0.4 pp | LEN |
| FY2014 | −0.1 pp | PHM |
| FY2013 | −37.6 pp | PHM |
| FY2012 | +11.7 pp | LEN |
| FY2011 | +8.7 pp | LEN |
| FY2010 | +27.9 pp | LEN |
| FY2009 | +14.7 pp | LEN |
| FY2008 | −0.8 pp | PHM |
The higher net margin has changed hands between LEN and PHM over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PHM's net margin has been more volatile than LEN's over the 18 comparable fiscal years — 17.1 percentage points of standard deviation against 9.8.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LEN and PHM over these 18 fiscal years — LEN led in 8 and PHM in 10.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PHM's return on equity has been more volatile than LEN's over the 18 comparable fiscal years — 29.5 percentage points of standard deviation against 14.6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LEN and PHM over these 18 fiscal years — LEN led in 9 and PHM in 9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.