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Earnings transcript
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PHM
PulteGroup, Inc.
$117.29
0.14
(0.12%)
| Exchange: | NYSE |
| Market Cap: | 22.536B |
| Shares Outstanding: | 210.667M |
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Residential Construction | |||||
| CEO: | Ryan R. Marshall | |||||
| Full Time Employees: | 6793 | |||||
| Address: |
| |||||
| Website: | https://pultegroupinc.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 16,061,578 | 17,946,950 | 17,311,953 |
| Gross Profit | 4,719,485 | 5,221,205 | 4,572,604 |
| EBITDA | 3,530,560 | 4,095,520 | 3,023,828 |
| Operating Income | 3,396,305 | 3,889,895 | 2,998,676 |
| Net Income | 2,602,372 | 3,083,262 | 2,218,730 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 16,087,050 | 17,363,763 | 15,022.026 |
| Total Liabilities | 5,703,793 | 5,241,799 | 5,062.981 |
| Total Stockholders Equity | 10,383,257 | 12,121,964 | 12,985,442 |
| Total Debt | 2,172,537 | 1,855,272 | 1,631.098 |
| Cash and Cash Equivalents | 1,806,583 | 1,613,327 | 1,980.869 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,196,762 | 1,680,794 | 1,871.249 |
| Capital Expenditure | -92,201 | -118,545 | -122.716 |
| Free Cash Flow | 2,104,561 | 1,562,249 | 1,748.533 |
| Net Income | 2,602,372 | 3,083,262 | 2,218.730 |
| Net Change in Cash | 754,624 | -195,497 | 355.096 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 18,364,019.572 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 18,364,019.577 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 18,364,019.575 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,782,620.845 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,782,620.846 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,782,620.846 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,582,365.964 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,676,938.521 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,629,652.243 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,211,057.688 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,211,057.689 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,211,057.689 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 13.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 13.420 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.940 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: PHM has demonstrated consistent revenue growth as per the latest income statements, reflecting robust demand for its homebuilding services. This aligns with positive industry trends in the home construction sector, as evidenced by industry performance metrics showing steady growth over 1-year and 5-year periods.
- Healthy Profitability Metrics: Key metrics such as gross profit margin TTM and net profit margin TTM indicate strong operational efficiency. The company’s return on equity (ROE) TTM further supports its ability to generate value for shareholders, positioning PHM favorably within the industry.
- Solid Cash Flow Generation: Free cash flow data from the cash flow statements highlights PHM’s ability to generate significant operating cash flow, providing financial flexibility for reinvestment or debt management. This is complemented by a reasonable free cash flow yield TTM.
- Market Position and Scale: With a substantial market capitalization and a large workforce as per the company profile, PHM maintains a competitive position in the homebuilding industry within the broader real estate sector, supported by a strong presence in key geographic segments as per revenue geo segments data.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PHM intrinsic value between $106.53 – $109.55 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PHM valuation
Is PulteGroup, Inc. (PHM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for PulteGroup, Inc. (PHM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PHM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PHM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PHM’s P/E ratio?
You can see PHM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PHM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PHM a good long-term investment?
Whether PHM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PHM
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Daily snapshot
0.12
Trading Metrics:
| Open: | 115.84 | Previous Close: | 117.15 | |
| Day Low: | 114.41 | Day High: | 118.65 | |
| Year Low: | 88.07 | Year High: | 144.5 | |
| Price Avg 50: | 127.93 | Price Avg 200: | 123.87 | |
| Volume: | 1.207M | Average Volume: | 1.87M |
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Login — it's freePHM full analysis
Welcome to MARKETSNAP’s SWOT analysis for PulteGroup, or PHM as it’s known on the ticker. If you’re a long-term investor looking to build wealth, you’re in the right place as we break down one of the big players in the homebuilding space. Today, we’re diving deep into PulteGroup’s strengths, weaknesses, opportunities, and threats to help you decide if this stock deserves a spot in your portfolio. Let’s get started with a quick overview of who they are and what’s been…
