Valuation, from the filing
| Public float | $20.70B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $107.63 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 9.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
9.3× earnings today, against a median of 7.7× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $20.70B | 9.3× | |
| 2024-06-30 | $22.80B | 7.4× | |
| 2023-06-30 | $17.00B | 6.5× | |
| 2022-06-30 | $9.16B | 3.5× | |
| 2021-06-30 | $14.12B | 7.3× | |
| 2020-06-30 | $9.08B | 6.5× | |
| 2019-06-30 | $8.65B | 8.5× | |
| 2018-06-30 | $8.13B | 8.0× | |
| 2017-06-30 | $7.39B | 16.5× | |
| 2016-06-30 | $6.63B | 11.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Operative Builders filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| FCF margin | 10.1% | 83th | |
| Net margin | 12.8% | 79th | |
| Revenue YoY growth | -3.5% | 29th | |
| SBC / revenue | 0.3% | 29th | |
| CapEx / revenue | 0.7% | 67th |
PULTEGROUP INC/MI/ (PHM) reported revenue of $15.98B and net income of $1.80B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from PULTEGROUP INC/MI/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Operative Builders.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $15.98B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | Unavailable |
| Net income | $1.80B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | Unavailable |
| Income tax expense | $555.94M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.55B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $1.37B |
| Total assets | $18.48B |
| Current assets | Unavailable |
| Total liabilities | $5.39B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $13.10B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | $40.38M |
| Long-term debt | Unavailable |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $1.41B |
| Capital expenditures | $109.54M |
| Investing cash flow | -$25.16M |
| Financing cash flow | -$1.45B |
| Net change in cash | Unavailable |
| Stock-based compensation | $56.32M |
| Common dividends paid | $193.81M |
| Common share repurchases | $1.33B |
| Depreciation & amortization | $113.58M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | $1.30B |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | 8.1% |
| SBC / revenue | 0.4% |
| Current ratio | Unavailable |
| Revenue YoY growth | -9.3% |
| Net margin | 11.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 0.7% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PHM in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.