# Pultegroup, Inc. (PHM) — Stock CV

Pultegroup, Inc. is a $21.4B industrial company. Revenue shrank 7.3% over the last year, it keeps 12¢ of every dollar of sales as profit, and its net debt equals ~0.3 years of free cash flow. It trades at 11.0× earnings — in the most expensive third of its own history.

> PulteGroup Inc is a homebuilder in the United States. The company mainly builds single-family detached homes and offers products to entry-level, move-up, and active-adult buyers.

## Identity

- **Ticker**: PHM
- **Sector**: Industrials
- **Industry**: Operative Builders
- **Headquarters**: ATLANTA, GA
- **Employees**: 6 506
- **Website**: https://www.pultegroupinc.com
- **Market cap**: $21.4B
- **Last price**: $112.21
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $16.4B
- **Net income**: $1.91B
- **Free cash flow**: $1.51B
- **Net debt**: $415M
- **P/E**: 11.0
- **Revenue growth (YoY)**: -7.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 70 |
| Growth | 38 |
| Profitability | 72 |
| Health | 70 |
| Quality | 65 |
| Moat | 74 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -7.3% YoY
- [x] Profitable — $1.91B TTM
- [x] Profit growing — +0.1% YoY
- [x] Generates cash — $1.51B TTM
- [x] Debt under control — ~0.3y of cash flow to repay
- [x] Established company — $21.4B market cap
- [x] Not printing shares — -25.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 0.90%
- [x] Valuation not extreme — P/E 11.0

## Experience (career milestones)

- **FY2024** — Best year on record: $3.08B net income
- **2019** — The company acquired the homebuilding operations of American West Homes for $150 million
- **FY2018** — Revenue crossed $10B: $10.2B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $7.67B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — The company acquired some homebuilding assets of John Wieland Homes and Neighborhoods, a premier builder of…
- **2014** — The company acquired the real-estate assets of Dominion Homes for $82 million
- **2013** — PulteGroup launched Built to Honor program, which provides homes to veterans with disabilities from the…
- **2010** — The company changed its name from Pulte Homes, Inc. to PulteGroup, Inc. in March 2010
- **2009** — The company acquired Centex for $1.3 billion in stock
- **2003** — The company acquired Sivage-Thomas Homes
- **2001** — Pulte Homes, Inc acquired Del E
- **1998** — The company acquired Divosta for an estimated $150 million
- **1972** — The company became a public company via an initial public offering

## Strengths

- Interest covered 41.5× by operating earnings
- High returns on invested capital (ROIC 16.6%)

## Watch-outs

- Revenue shrinking 7.3% year over year

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $13.9B | $1.95B | $931M |
| FY2022 | $16.2B | $2.62B | $556M |
| FY2023 | $16.1B | $2.60B | $2.10B |
| FY2024 | $17.9B | $3.08B | $1.56B |
| FY2025 | $17.3B | $2.22B | $1.75B |

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Source: https://stockcv.com/PHM — derived from company filings; may be delayed or incomplete. Information, not investment advice.