Summary
PulteGroup, Inc. (NYSE: PHM) is one of the largest homebuilders in the United States, operating across 23 states and serving diverse market segments. The company builds and sells single-family homes priced between approximately $300,000 and $1.5 million, targeting first-time buyers, move-up buyers, and active adults (age 55+). Through its Pulte Homes, Del Webb, and Centex brands, the company delivers homes tailored to various lifestyles and budgets. In 2023, PulteGroup delivered over 29,000 homes, generating $19.24 billion in revenue.
PHM generates a return on invested capital of 17.6% and trades at an earnings yield of 12.6%, well in excess of the USG 10Y: 4.68%.
PulteGroup’s financial metrics highlight its profitability, efficiency, and conservative approach to capital management, positioning it as a leader in the homebuilding industry.
Financial Information
COMMON STOCK: (NYSE: PHM)
| Market capitalization: | $22,600 |
| Shares outstanding: | 205.08 |
| Stock price: | $107 |
| EPS: | $13.56 |
| PE: | 7.9 |
| Earnings yield: | 12.6% |
| PEG: | 0.44 |
Financial Position
| Assets: | $15,300 |
| Liabilities: | $6,200 |
| Equity: | $9,100 |
| Debt to equity: | 19% |
Operating Income
| Revenue: | $19,240 |
| Net income: | $2,880 |
| Free cash flow: | $1,280 |
Operational Efficiency
| Gross margin: | 29.6% |
| Operating margin: | 21.38% |
| Profit margin: | 16.6% |
| Return on equity (ROE): | 26.7% |
| Return on invested capital (ROIC): | 17.6% |