PulteGroup (PHM) stock
Consumer Discretionary · Homebuilding
PulteGroup (PHM) is a Homebuilding company in the Consumer Discretionary sector, headquartered in Atlanta, Georgia. As of October 23, 2026, PHM closed at $121.19, a market capitalization of $23.09 billion, the 377th largest company in the S&P 500. Over the last twelve months it generated $15.98 billion in revenue (-10% year over year) and $1.51 billion in free cash flow. The stock trades at 12.9x trailing earnings and 12.7x forward earnings.
- 1-year total return: +1.1% (dividends reinvested)
- 5-year return: +20.6% a year
- 52-week range: $107.16 – $144.50
- Gross margin 25.3%, operating margin 16.0%
- Dividend yield: 0.86%, 8 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 32nd largest of 47 Consumer Discretionary stocks in the S&P 500
PHM price chart
1Y price change: +0.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PHM | +2.1% | +4.0% | +1.1% | +20.7% | +20.6% | +21.7% | +15.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
PHM key statistics
- Market cap
- $23.1B
- #377 in S&P 500
- P/E (TTM)
- 12.9x
- Forward P/E
- 12.7x
- EPS (TTM)
- $9.36
- Revenue (TTM)
- $16.0B
- -10%
- Free cash flow
- $1.5B
- Gross margin
- 25.3%
- Operating margin
- 16.0%
- Return on equity
- 13.9%
- Dividend yield
- 0.86%
- 52-week range
- $107.16 – $144.50
- Beta
- 1.16
- Price / sales
- 1.4x
- EV / EBITDA
- 9.0x
- Debt / equity
- 0.18x
- Employees
- 6,506
PHM report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-9.8%F
- Gross margin25.3%C
- Operating margin16.0%C
- FCF margin9.5%C
- Return on equity13.9%C
- Net debt / EBITDA0.4xB
- Forward P/E12.7xA
- PEG ratio1.0xB
- Shareholder yield6.1%A
- Share count change / yr-5.8%A
PulteGroup financials
Revenue went from $7.7B in fiscal 2016 to $17.3B in fiscal 2025, growing 9.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7B | $8.6B | $10.2B | $10.2B | $11.0B | $13.7B | $16.0B | $16.1B | $17.9B | $17.3B |
| Net income | $602.7M | $447.2M | $1.0B | $1.0B | $1.4B | $1.9B | $2.6B | $2.6B | $3.1B | $2.2B |
| EPS (diluted) | $1.75 | $1.44 | $3.55 | $3.66 | $5.18 | $7.43 | $11.01 | $11.72 | $14.69 | $11.12 |
| Free cash flow | $29.0M | $631.0M | $1.4B | $1.0B | $1.7B | $931.2M | $555.8M | $2.1B | $1.6B | $1.7B |
| Buybacks | $603.2M | $910.3M | $294.6M | $274.3M | $170.7M | $897.3M | $1.1B | $1.0B | $1.2B | $1.2B |
| Dividends paid | $124.7M | $112.7M | $104.0M | $122.3M | $130.2M | $147.8M | $144.1M | $142.5M | $167.7M | $176.7M |
| Diluted shares | 342.1M | 306.8M | 284.9M | 275.3M | 269.4M | 259.9M | 236.2M | 221.2M | 209.8M | 199.5M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PHM?
A reverse DCF asks what growth the current price requires. With an enterprise value of $24.1B and $1.5B of trailing free cash flow, PulteGroup needs to grow free cash flow about 5.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 0.3% a year over the last five years.
P/E ratio history
Current 10.9x vs. median 11.0x (10th–90th percentile 5.5x–19.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PHM dividend
- Dividend yield
- 0.86%
- Annual dividend
- $1.04
- Years of increases
- 8
- 5-yr dividend growth
- 13.0%
- per year
- Payout ratio
- 11%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PHM analyst price targets
17 analysts' average 12-month target is $132.88 (+10% vs. $121.19). Targets range from $100.00 to $162.00. 56% rate it a buy.
PHM earnings
Next report: January 28, 2027.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $2.62 | $2.53 | -3.5% |
| Jul 22, 2026 | $2.36 | $2.48 | +5.3% |
| Apr 23, 2026 | $1.81 | $1.79 | -1.1% |
| Jan 29, 2026 | $2.81 | $2.88 | +2.6% |
| Oct 21, 2025 | $2.89 | $2.96 | +2.5% |
| Jul 22, 2025 | $2.97 | $3.03 | +2.1% |
| Apr 22, 2025 | $2.42 | $2.57 | +6.0% |
| Jan 30, 2025 | $3.27 | $4.43 | +35.5% |
Stocks like PHM
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 DHI D.R. Horton | -0.12% | -6% | $41.3B | 14.1x | Compare |
 LEN Lennar | +0.56% | -32% | $20.2B | 16.1x | Compare |
 NVR NVR | -2.08% | -22% | $16.0B | 16.5x | Compare |
 AMZN Amazon.com | -0.95% | +12% | $2.7T | 20.0x | Compare |
 TSLA Tesla | -0.63% | -17% | $1.5T | 409.0x | Compare |
 HD Home Depot | -2.41% | -15% | $319.1B | 21.5x | Compare |
 MCD McDonald's | -1.65% | -17% | $175.8B | 20.2x | Compare |
 TJX TJX Companies | -1.57% | +3% | $159.6B | 26.9x | Compare |
PHM news
- PHM Q3 deep dive: housing demand softens, but backlog and active adult segment offer resilience · Oct 23, 2026
- PulteGroup (PHM) Stock Climbs As Q3 Earnings Defy Softer Demand · Oct 23, 2026
- What PulteGroup (PHM) Said on Its Q3 Earnings Call · Oct 22, 2026
- PulteGroup, Inc. Q3 2026 Earnings Call Summary · Oct 22, 2026
- Pulte (PHM) Q3 2026 Earnings Call Transcript · Oct 22, 2026
PHM stock FAQ
What is PHM's market cap?
PulteGroup's market capitalization is $23.09 billion as of October 23, 2026, ranking 377th in the S&P 500.
What is PHM's P/E ratio?
PHM trades at a trailing price-to-earnings ratio of 12.9x and a forward P/E of 12.7x. Its median P/E over the period we track is 11.0x.
Does PHM pay a dividend?
Yes. PulteGroup pays $1.04 per share a year, a 0.86% yield. It has raised its dividend 8 years in a row. Dividends grew 13.0% a year over the last five years.
How much has PHM stock returned?
Including reinvested dividends, PHM returned +1.1% over one year, +20.6% a year over five years, +21.7% a year over ten years through October 23, 2026.
Is PHM stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies PulteGroup must grow free cash flow about 5% a year for the next decade. Its free cash flow grew 0% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PHM price target?
17 analysts cover PHM with an average 12-month price target of $132.88, +10% from the current price. 56% of them rate it a buy.
When does PHM report earnings?
PulteGroup is expected to report earnings on January 28, 2027.
How many employees does PulteGroup have?
PulteGroup has about 6,506 full-time employees, or $2.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology