PulteGroup, Inc. (PHM) Financial Statements
PulteGroup financial statements at a glance
PulteGroup reported revenue of $17.31 billion for fiscal year 2025 (ended December 31, 2025), down 3.5% from fiscal year 2024. Net income was $2.22 billion, a net margin of 12.8%, and diluted earnings per share were $11.12.
At the end of fiscal year 2025 it had total assets of $18.05 billion, total liabilities of $5.06 billion and shareholders' equity of $12.99 billion, with cash and short-term investments of $2.59 billion and total debt of $2.30 billion.
Its operations brought in $1.87 billion of cash; capital spending was $122.72 million, leaving free cash flow of $1.75 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
PulteGroup, Inc.
Income Statement
Annual • USD
PulteGroup key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $17.3B | $17.9B | $16.1B | $16.0B | $13.7B |
| Gross profit | $4.6B | $5.2B | $4.7B | $4.8B | $3.8B |
| Operating income | $3.0B | $4.0B | $3.4B | $3.4B | $2.6B |
| Net income | $2.2B | $3.1B | $2.6B | $2.6B | $1.9B |
| Diluted EPS | $11.12 | – | – | – | $7.43 |
| Total assets | $18.0B | $17.4B | $16.1B | $14.8B | $13.4B |
| Total liabilities | $5.1B | $5.2B | $5.7B | $5.9B | $5.9B |
| Shareholders' equity | $13.0B | $12.1B | $10.4B | $8.9B | $7.5B |
| Cash and short-term investments | $2.6B | – | – | – | $2.7B |
| Total debt | $2.3B | $2.2B | $2.5B | $2.6B | $2.7B |
| Operating cash flow | $1.9B | $1.7B | $2.2B | $668.5M | $1.0B |
| Capital spending | $122.7M | – | – | – | $72.8M |
| Free cash flow | $1.7B | – | – | – | $931.2M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was PulteGroup's revenue in fiscal year 2025?
$17.31 billion, down 3.5% from $17.95 billion in fiscal year 2024.
How much profit does PulteGroup make?
PulteGroup reported net income of $2.22 billion for fiscal year 2025 (12.8% of revenue); operating income was $2.98 billion.
How much cash and debt does PulteGroup have?
At the end of fiscal year 2025: cash and short-term investments of $2.59 billion and total debt of $2.30 billion.
What is PulteGroup's free cash flow?
$1.75 billion in fiscal year 2025 (operating cash flow of $1.87 billion minus capital spending of $122.72 million).
