MARKETS / NYSE / PHM

NYSE · OPERATIVE BUILDERS · LARGE CAP

Pultegroup Inc. PHM

18 fiscal years on record · USD · FY2025 reported · SEC filings only

8 YEARS OF DIVIDEND GROWTH

Revenue

$17.3B

▼ 3.5% YoY

Net income

$2.2B

▼ 28.0% YoY

Free cash flow

$1.7B

▲ 11.9% YoY

In brief

What this company does

PulteGroup, Inc. acquires and develops land for residential purposes within the United States and constructs housing on that land, describing homebuilding as its core business. As of December 31, 2025, it operated out of 1,014 active communities in 47 markets across 26 states. During 2025 it delivered closings totaling 29,572 homes, and single-family detached homes represented 83% of its home closings in each of 2025, 2024 and 2023. Its subsidiaries engage primarily in the homebuilding business, and it also has financial services businesses that include mortgage banking, title, and insurance agency operations, conducted through Pulte Mortgage LLC and other subsidiaries. Through brands that include Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, it offers a variety of home designs and options to first-time, move-up, and active adult customer groups. Pulte Mortgage arranges financing through the origination of mortgage loans primarily for the benefit of the company's homebuyers. PulteGroup, Inc. is a Michigan corporation organized in 1956, though it dates its founding to 1950, when its founder, Bill Pulte, built its first home. At December 31, 2025, it employed 6,506 people, of which 1,034 were employed in its Financial Services operations.

Written from the business description in PULTEGROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 4 February 2026. Every sentence was checked against that document before publication.

Growth

USD 17.3B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 17.3 · Net income 2.2

Compound annual growth

Revenue

+2.7%

+9.4%

+11.2%

+9.3%

Net income

−5.4%

+9.5%

+16.2%

EPS, diluted

+0.3%

+16.5%

+23.4%

Dividend / share

+14.7%

+13.0%

+10.8%

Returned to shareholders

+4.1%

+35.6%

+9.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.4% a year over five years — but profit grew faster: net income at +9.5%, earnings per share at +16.5%.

The share count fell from 0.27B to 0.19B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Net 12.8%

ROE

FY2025 · ROE 17.7%

Gross margin—

Operating margin—

Net margin12.8%

Return on assets12.5%

EBITDA—

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

USD 1.4B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.7

Net buybacks $B Dividends $B

FY2025 · Dividends 0.2 · Net buybacks 1.2

Dividends paidUSD 176.7M

Net buybacksUSD 1.2B

Share of profit62.0%

Consecutive raises8 years

USD 176.7M in dividends and USD 1.2B in buybacks — 62% of the year's profit went back to shareholders.

Total assetsUSD 18.0B

EquityUSD 13.0B

CashUSD 2.0B

Gross debtUSD 43.9M

Net debtUSD -1.9B

The company holds more cash than debt.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	17.3	17.9	16.1	16.0	13.7	11.0	10.2	10.2	8.6	7.7	6.0	5.8	5.7	4.8	4.1	4.6	4.1	6.3
Operating income $B	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
EBITDA $B	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Income tax $B	0.7	0.9	0.8	0.8	0.6	0.3	0.3	0.3	0.5	0.3	0.3	0.2	−2.1	−0.0	−0.1	−0.1	−0.8	−0.2
Net income $B	2.2	3.1	2.6	2.6	1.9	1.4	1.0	1.0	0.4	0.6	0.5	0.5	2.6	0.2	−0.2	−1.1	−1.2	−1.5
Free cash flow $B	1.7	1.6	2.1	0.6	0.9	1.7	1.0	1.4	0.6	0.0	−0.4	0.3	0.9	0.7	−0.0	0.6	0.7	1.2
EPS, diluted $	11.12	14.69	11.72	11.01	7.43	5.18	3.66	3.55	1.44	1.75	1.36	1.26	6.72	0.54	−0.55	−2.90	−3.94	−5.81
Dividend / sh $	0.92	0.82	0.68	0.61	0.57	0.50	0.45	0.38	0.36	0.36	0.33	0.23	0.15	0.00	0.00	0.00	0.00	0.16
Payout %	8	5	5	6	8	9	12	10	25	21	23	16	1	0	−0	·	·	−3
ROE %	17.7	27.4	27.0	31.9	27.7	23.4	19.8	22.8	10.1	12.8	10.3	10.0	76.6	10.0	−10.3	−41.2	−39.2	−51.9
Shares out B	0.19	0.20	0.21	0.23	0.25	0.27	0.27	0.28	0.29	0.32	0.35	0.37	0.38	0.39	0.38	0.38	0.38	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityOperative Builders

Listed onNYSE

Incorporated inMichigan

Fiscal year endsDecember 31

Data on record since2008