olivLaw · US equity research
PulteGroup, Inc. PHM
Operative Builders · SIC 1531 · Vertical: Operative Builders (SIC 1531)
PulteGroup is one of the largest homebuilders in the United States, active in more than 45 markets. In 2026 demand weakened under pressure from high mortgage rates and gross margins declined, so the company's profitability is sensitive to financing conditions and costs.
At the close of 04 Nov 2026, PulteGroup, Inc. (PHM) stock was 135.97 USD (+7.16% on the day), with market capitalisation 25.0 bn USD, P/E 14.5 on diluted EPS of 9.36 USD over the last 12 months, dividend yield 0.76%, beta 0.77, 52-week range 109.35–142.56 USD. Latest reported quarter (Q3 2026): revenue of 4.0 bn USD (−9.8% YoY), net income of 475.7 m USD (−18.8% YoY), diluted EPS 2.53 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 69.9
- strong (55–70)
- Bollinger (20, 2)
- 103.96 – 132.95
- above the upper band · %B 1.10 · band width 24.5%
- SMA 50 / 200
- 119.37 / 124.05
- mixed trend
- MACD (12, 26, 9)
- 3.35 / 1.21
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +19.3% | −1.1% | +20.4 pp | — |
| 3 months | +2.2% | −0.5% | +2.7 pp | — |
| 6 months | +13.2% | +4.4% | +8.8 pp | — |
| Year to date | +16.0% | +12.3% | +3.6 pp | — |
| 1 year | +13.6% | +13.5% | +0.1 pp | −12.9% |
| 3 years | +63.1% | +76.4% | −13.3 pp | +3.7% |
| 5 years | +169.6% | +63.7% | +105.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.9 bn | 3.9 bn | 4.4 bn | 4.4 bn | 4.6 bn | 3.4 bn | 4.0 bn | 4.0 bn |
| Cost of revenue | — | 2.8 bn | 3.1 bn | 3.2 bn | — | 2.5 bn | 2.9 bn | 2.9 bn |
| SG&A | 195.6 m | 393.3 m | 390.5 m | 400.7 m | 389.5 m | 380.3 m | 383.0 m | 397.2 m |
| Depreciation & amortisation | 24.2 m | 24.7 m | 25.0 m | 25.8 m | 37.0 m | 24.5 m | 25.4 m | 26.7 m |
| Income tax | 269.5 m | 158.3 m | 198.7 m | 182.0 m | 153.6 m | 102.4 m | 150.4 m | 149.5 m |
| Net income | 913.2 m | 522.8 m | 608.5 m | 585.8 m | 501.6 m | 347.0 m | 472.0 m | 475.7 m |
| Diluted EPS | 4.43 ≈ | 2.57 | 3.03 | 2.96 | 2.56 ≈ | 1.79 | 2.48 | 2.53 |
| Operating cash flow | 567.6 m | 134.2 m | 287.5 m ≈ | 678.4 m ≈ | 771.1 m | 159.8 m | 17.1 m ≈ | 460.2 m ≈ |
| Capex | 24.5 m | 29.6 m | 34.5 m ≈ | 27.3 m ≈ | 31.3 m | 25.4 m | 29.9 m ≈ | 22.9 m ≈ |
| Dividends paid | 41.1 m | 45.8 m | 44.3 m ≈ | 43.6 m ≈ | 43.0 m | 52.0 m | 49.8 m ≈ | 49.0 m ≈ |
| Share repurchases | 320.0 m | 300.0 m | 300.0 m ≈ | 300.0 m ≈ | 300.0 m | 308.2 m | 373.0 m ≈ | 350.4 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 95 percentile of its own 44-quarter history (min 3.8, median 9.5, max 23.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.2 bn | 10.2 bn | 11.0 bn | 13.7 bn | 16.0 bn | 16.1 bn | 17.9 bn | 17.3 bn |
| Revenue YoY | +18.8% | +0.2% | +8.1% | +24.5% | +16.5% | +0.4% | +11.7% | −3.5% |
| Net income | 1.0 bn | 1.0 bn | 1.4 bn | 1.9 bn | 2.6 bn | 2.6 bn | 3.1 bn | 2.2 bn |
| Net income YoY | +128.5% | −0.5% | +38.4% | +38.3% | +34.5% | −0.6% | +18.5% | −28.0% |
| Diluted EPS | 3.55 | 3.66 | 5.18 | 7.43 | 11.01 | 11.72 | 14.69 | 11.12 |
| Diluted EPS YoY | +146.5% | +3.1% | +41.5% | +43.4% | +48.2% | +6.4% | +25.3% | −24.3% |
| net % | 10.0% | 10.0% | 12.7% | 14.2% | 16.4% | 16.2% | 17.2% | 12.8% |
| Free cash flow | 1.4 bn | 1.0 bn | 1.7 bn | 931.2 m | 555.8 m | 2.1 bn | 1.6 bn | 1.7 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 2.0 bn USD
- Financial debt
- 43.9 m USD
- Net debt
- -1.9 bn USD
- Equity
- 13.0 bn USD
- Total assets
- 18.0 bn USD
- Debt / equity
- 0.00x
- Current ratio
- unavailable
- ROE
- 17.7%
- ROA
- 12.5%
- FCF margin
- 10.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 11.0 bn | 13.7 bn | 16.0 bn | 16.1 bn | 17.9 bn | 17.3 bn | SEC (XBRL)· 04 Feb 2026verified |
| SG&A | 1.0 bn | 1.2 bn | 1.4 bn | 1.3 bn | 1.3 bn | 1.6 bn | SEC (XBRL)· 04 Feb 2026verified |
| Depreciation & amortisation | 66.1 m | 70.0 m | 70.9 m | 80.8 m | 89.2 m | 112.5 m | SEC (XBRL)· 04 Feb 2026verified |
| Interest expense | 4.2 m | 502.0 k | 284.0 k | 469.0 k | 479.0 k | 605.0 k | SEC (XBRL)· 04 Feb 2026verified |
| Income tax | 321.9 m | 563.5 m | 822.2 m | 846.9 m | 922.6 m | 692.6 m | SEC (XBRL)· 04 Feb 2026verified |
| Net income | 1.4 bn | 1.9 bn | 2.6 bn | 2.6 bn | 3.1 bn | 2.2 bn | SEC (XBRL)· 04 Feb 2026verified |
| Diluted EPS | 5.18 | 7.43 | 11.01 | 11.72 | 14.69 | 11.12 | SEC (XBRL)· 04 Feb 2026verified |
| Weighted average diluted shares | 269.4 m | 259.9 m | 236.2 m | 221.2 m | 209.8 m | 199.5 m | SEC (XBRL)· 04 Feb 2026verified |
| Dividend per share | 0.50 | 0.57 | 0.61 | 0.68 | 0.82 | 0.92 | SEC (XBRL)· 04 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 2.6 bn | 1.8 bn | 1.1 bn | 1.8 bn | 1.6 bn | 2.0 bn | SEC (XBRL)· 04 Feb 2026verified |
| Property, plant & equipment, net | 131.7 m | 149.2 m | 200.3 m | 221.5 m | 253.1 m | 238.6 m | SEC (XBRL)· 04 Feb 2026verified |
| Goodwill | — | — | 68.9 m | 68.9 m | 68.9 m | 40.4 m | SEC (XBRL)· 04 Feb 2026verified |
| Intangibles (excl. goodwill) | 163.4 m | 146.9 m | 66.9 m | 56.3 m | 46.3 m | 26.2 m | SEC (XBRL)· 04 Feb 2026verified |
| Total assets | 12.2 bn | 13.4 bn | 14.8 bn | 16.1 bn | 17.4 bn | 18.0 bn | SEC (XBRL)· 04 Feb 2026verified |
| Long-term debt | — | 63.9 m | 77.3 m | 73.5 m | 31.1 m | 43.9 m | SEC (XBRL)· 04 Feb 2026verified |
| Total liabilities | 5.6 bn | 5.9 bn | 5.9 bn | 5.7 bn | 5.2 bn | 5.1 bn | SEC (XBRL)· 04 Feb 2026verified |
| Equity | 6.6 bn † | 7.5 bn † | 8.9 bn † | 10.4 bn † | 12.1 bn † | 13.0 bn † | SEC (XBRL)· 04 Feb 2026verified |
| Shares outstanding at year end | — | 248.7 m | 225.6 m | — | — | — | SEC (XBRL)· 25 Oct 2022verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.8 bn | 1.0 bn | 668.5 m | 2.2 bn | 1.7 bn | 1.9 bn | SEC (XBRL)· 04 Feb 2026verified |
| Capex | 58.4 m | 72.8 m | 112.7 m | 92.2 m | 118.5 m | 122.7 m | SEC (XBRL)· 04 Feb 2026verified |
| Free cash flow | 1.7 bn ≈ | 931.2 m ≈ | 555.8 m ≈ | 2.1 bn ≈ | 1.6 bn ≈ | 1.7 bn ≈ | SEC (XBRL)· 04 Feb 2026derived |
| Investing cash flow | -107.9 m | -124.1 m | -171.7 m | -129.1 m | -94.5 m | -80.4 m | SEC (XBRL)· 04 Feb 2026verified |
| Financing cash flow | -295.6 m | -1.7 bn | -1.2 bn | -1.3 bn | -1.8 bn | -1.4 bn | SEC (XBRL)· 04 Feb 2026verified |
| Dividends paid | 130.2 m | 147.8 m | 144.1 m | 142.5 m | 167.7 m | 176.7 m | SEC (XBRL)· 04 Feb 2026verified |
| Share repurchases | 170.7 m | 897.3 m | 1.1 bn | 1.0 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 04 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 25.0 bn USD
Key indicators
Coverage and freshness
Score by group
58% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 124.43 – 151.33 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E124.43 – 151.33 (Mid 141.14)12 companies used · median multiple 15.1x · quartiles 13.3x – 16.2xCCS, DFH, DHI, ECG, GRBK, KBH, LGIH, MHO, MTH, NVR, SDHC, TOL
- Dividend discount (DDM)outside the aggregate12.09 – 16.26 (Mid 13.87)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 11.2% | 93 (vs peers) | 11% |
| FCF conversion · Quality | 72.3% | 60 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 2.7% | 22 (on a fixed band) | 14% |
| EPS CAGR 3Y · Growth | 0.3% | 2 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 14.5x | 69 (vs peers) | 18% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 5.2% | 65 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | 6.1% | 87 (on a fixed band) | 11% |
| Payout ratio (FCF) · Returns | 14.9% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth12/100 · 2/2 factors with a value
- Quality77/100 · 2/3 factors with a value
- Returns92/100 · 2/2 factors with a value
- Valuation67/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
PULTEGROUP, INC. (PHM). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 17.3 bn USD in 2025; YoY growth -3.5%; net margin 11.2%; ROE 13.9%.
The estimated value range is 124.43–151.33 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 141.14 USD, the price of 135.97 USD leaves a potential of 3.8% (value / price − 1) and a margin of safety of 3.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 11.2%
- Shareholder yield (distributions): 6.1%
- Payout ratio (FCF): 14.9%
What contradicts it
- Revenue CAGR 3Y: 2.7%
- EPS CAGR 3Y: 0.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA.
Versus the vertical median
Operative Builders (SIC 1531) · same industry (4-digit SIC) · compared with 16 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DHID.R. Horton, Inc. | 43.9 bn | 14.9 | 12.8% | 9.2% | −6.9% | −1% / +23% |
| PHMPultegroup, Inc. | 25.0 bn | 14.5 | 13.9% | 11.2% | −3.5% | +14% / +63% |
| NVRNVR, Inc. | 16.9 bn | 17.6 | 28.3% | 11.2% | −1.9% | −15% / +4% |
| TOLToll Brothers, Inc. | 14.6 bn | 12.7 | 14.4% | 11.1% | +1.1% | +13% / +85% |
| MTHMeritage Homes Corporation | 4.7 bn | 16.5 | 5.8% | — | unavailable | +0% / +4% |
| ECGEverus Construction Group, Inc. | 4.1 bn | 16.0 | 39.5% | 6.0% | +31.5% | −13% / unavailable |
| MHOM/i Homes, Inc. | 3.5 bn | 13.1 | 8.7% | 6.6% | −1.9% | +0% / +31% |
| KBHKb Home | 3.2 bn | 14.9 | 5.9% | 4.4% | −10.0% | −17% / +2% |
| GRBKGreen Brick Partners, Inc. | 2.8 bn | 10.7 | 14.3% | 14.2% | −1.0% | −2% / +40% |
| CCSCentury Communities, Inc. | 1.6 bn | 15.2 | 4.2% | 2.9% | −6.4% | −12% / −21% |
| LGIHLgi Homes, Inc. | 1.1 bn | 16.0 | 3.4% | 4.2% | −22.6% | −6% / −59% |
| BZHBeazer Homes USA Inc | 893.2 m | — | -0.7% | -0.4% | +1.8% | +49% / +38% |
| HOVHovnanian Enterprises Inc | 79.6 m | 81.2 | 2.2% | 0.6% | −0.9% | −16% / +22% |
| DFHDream Finders Homes, Inc. | — | 13.3 | 7.6% | 2.6% | −2.9% | −35% / −47% |
| SDHCSmith Douglas Homes Corp. | — | 18.0 | 6.0% | 0.5% | −0.4% | −50% / unavailable |
| LGPSLogprostyle Inc. | — | — | 19.7% | 3.4% | +7.6% | −43% / unavailable |
| LRELead Real Estate Co., Ltd | — | — | 12.2% | 3.5% | −3.5% | −14% / −84% |
1- and 3-year price returns: for PHM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 82.22 Total return -39% · Per year -39% | 145.48 Total return 8% · Per year 8% | 219.32 Total return 62% · Per year 62% |
| 3 years | 76.86 Total return -42% · Per year -16% | 153.31 Total return 15% · Per year 5% | 254.18 Total return 90% · Per year 24% |
| 5 years | 71.85 Total return -44% · Per year -11% | 161.56 Total return 23% · Per year 4% | 294.59 Total return 122% · Per year 17% |
- Exit P/E± 38.33
- Net margin± 26.83
- Annual revenue growth± 22.42
- Annual dilution± 2.25
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
PulteGroup is one of the largest homebuilders in the United States, active in more than 45 markets. In 2026 demand weakened under pressure from high mortgage rates and gross margins declined, so the company's profitability is sensitive to financing conditions and costs.
SWOT
Strengths
- The company has a diversified operating platform across many U.S. markets and brands covering several buyer groups 3.
- A growing share of move-up and active-adult segments supports margins above the market average, according to management 3.
- The financial structure remains solid, with high liquidity and a moderate leverage profile 3.
Weaknesses
- The gross margin on home sales has declined in recent quarters due to sales incentives and higher land costs 2.
- Selling, general and administrative expenses rose as a share of home sale revenues, which reduces operating margin 2.
- Closings and the value of net new orders have fallen, pointing to weak demand in some segments 2.
Opportunities
Threats
- Persistent inflation and geopolitical tensions could raise construction costs and reduce home affordability 2.
- Dependence on mortgage financing makes the company vulnerable to changes in monetary policy or in Fannie Mae and Freddie Mac 1.
- A fall in land values could lead to inventory write-downs and significant impairments 1.
Risks
- High mortgage rateshigh
The cost of mortgage credit can discourage buyers and reduce sales volume or prices if rates stay high for a long period 1.
- Declining marginshigh
Sales incentives and land costs could keep eroding gross margins, especially if prices cannot be adjusted enough 2.
- Land value declinemedium
If land values fall significantly, the company could have to record inventory impairments and losses on abandoned options 1.
- Shortages of labor and materialsmedium
A shortage of skilled workers and disruptions in the supply chain can delay deliveries and increase costs 1.
- Technology and regulatory risklow
Using artificial intelligence carries risks to accuracy, security and compliance, and regulatory changes can affect construction and financing 1.
Investment thesis
What would need to be true (bull case)
- If mortgage rates fall and demand recovers, the company could benefit from a rebound in volume and margins, given its geographic and segment diversification 3.
- A large share of move-up and active-adult segments could support margins above those of competitors more exposed to the entry-level market 3.
- Ongoing share repurchases and a higher dividend can support long-term shareholder returns 2.
What would break the thesis
- If mortgage rates stay high, demand could keep falling and closings could be reduced over several quarters 2.
- Gross margin has declined in recent quarters, and management expects cost effects could continue in the coming period 2.
- Rising selling and administrative costs and elevated inventories of completed homes could weigh on profitability and liquidity 1.
What to watch
- Trend in mortgage rates and net new ordersQ4 2026
- Gross margin level on home salesQ4 2026
- Evolution of backlog and number of closings2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
PulteGroup, Inc. (NYSE: PHM), headquartered in Atlanta, Georgia, builds homes through brands such as Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes 3. Its activity has two parts: Homebuilding, the core business, and Financial Services, which covers mortgage banking, title and insurance agency operations 1. In fiscal 2025, Homebuilding revenues totaled 16.9 billion USD and net income was 2.22 billion USD 1.
As a capital allocation policy, PulteGroup continued share repurchases and raised its quarterly dividend from 0.22 to 0.26 USD per share 2. At September 30, 2026 the company reported a debt-to-capital ratio of 12% and substantial liquidity 3.
Market context
Demand for new homes remains under pressure from the high cost of mortgage credit and reduced affordability. Management states that mortgage rates rose sharply in the third quarter of 2026 and that economic uncertainty and geopolitical tensions have weighed on consumer confidence 2. Inventories of new and existing homes have increased in most of the company's geographies 2.
Over the long term, management believes demographics support housing demand 2. In the short term, land acquisition and development costs continue to pressure margins, and their effects appear with a delay due to the length of the construction cycle 1.
Trends
- High mortgage ratesheadwind
Higher mortgage rates reduce affordability and can push buyers out of the market. If rates fall, demand could recover, although management noted that rates stayed elevated even after Federal Reserve cuts 1.
- Pressure from construction and land costsheadwind
Inflation and shortages of labor and materials raise costs, and sales contracts often fix the price at signing, which limits passing costs on to customers 1.
- Artificial intelligence and digitalizationmixed
The company is in the early phases of using AI for productivity and data analysis. If it integrates the technology effectively, operations could improve, but there are risks around accuracy, security and regulation 1.
Competitive position
The U.S. new-home market is highly competitive. Builders compete on location, price, quality and reputation, and also face resales of existing homes, speculators and the rental market 1. Competition for suitable land is equally intense 1.
Competition can reduce deliveries or force acceptance of lower margins to keep sales volume 1. The company notes it must balance price with sales pace, adjusting incentives and production cadence 2.
- D.R. HortonDHI
American homebuilder competing with PulteGroup in regional markets and the entry-level segment.
- LennarLEN
American homebuilder active in many markets and a direct competitor for new-home buyers.
- NVRNVR
American homebuilder competing in the same regional markets and for entry-level buyers.
- Toll BrothersTOL
American homebuilder focused on luxury and move-up segments, competing for higher-income buyers.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Pulte vows action against ‘abusive monopolies’ in mortgage marketThe Hill · 26 Oct 2026 · EN
- Democrats call for Pulte resignation over FHFA watchdog budget cutsThe Hill · 01 Oct 2026 · EN
- Is PulteGroup Stock Underperforming the S&P 500?Yahoo Finance — News · 16 Sept 2026 · EN
- Bill Pulte Instructs Fannie and Freddie to Approve VantageScore in Blow to FICO ScoresYahoo Finance — News · 04 Sept 2026 · EN
- FICO Plunges 21%, Credit Bureaus Fall, as Pulte Renews CriticismBloomberg Markets · 04 Sept 2026 · EN
- Here are Friday's biggest analyst calls: Nvidia, Tesla, Apple, Robinhood, Oracle, PulteGroup & moreCNBC — Top News · 04 Sept 2026 · EN
- PulteGroup Shares Rise After Wolfe Research UpgradeYahoo Finance — News · 24 Aug 2026 · EN
- Bill Pulte assumes role of US acting director of national intelligenceThe Guardian World · 19 Jun 2026 · RO
- SUA. Donald Trump îl propune pe procurorul federal Jay Clayton pentru funcția de director al comunității de informații (DNI). Decizia, în urma tensiunilor din cabinetul președintelui, după desemnarea ca interimar a lui Bill Pulte în funcție.Biziday.ro · 11 Jun 2026 · RO
- Trump nominates Jay Clayton as top US intelligence official after pushback on Bill PulteThe Guardian World · 11 Jun 2026 · RO
- House Rejects Spy Powers Extension Amid Pulte ConcernsBloomberg Markets · 11 Jun 2026 · EN
- Scoop: Pulte sought Gabbard's early removal as intel czarAxios · 11 Jun 2026 · EN
- Trump directs interim US intelligence chief Bill Pulte to downsize agencyAl Jazeera English · 10 Jun 2026 · EN
- Trump presses on with plan to install Bill Pulte as acting intelligence chiefThe Guardian World · 10 Jun 2026 · RO
- Pulte is 'Woefully Under Qualified' To Be Intelligence Director Says RigglemanBloomberg Markets · 08 Jun 2026 · EN
- Președintele SUA vrea ca Micul Trump, noul șef al serviicilor secrete, să facă mai multe concedieri. Bill Pulte n-are experiență delocDigi24 · 06 Jun 2026 · RO
- Trump claims Pulte will investigate ‘rigged elections’ in temporary roleThe Guardian World · 04 Jun 2026 · RO
- Trump says Pulte won't be permanent national intelligence directorCNBC World · 04 Jun 2026 · EN
- SUA. Reacții negative în rândul republicanilor, după ce Donald Trump l-a nominalizat ca director al comunității de informații (DNI) pe Bill Pulte, un loialist fără experiență. Secretarul de Stat și cel al Trezoreriei s-au distanțat de numire.Biziday.ro · 04 Jun 2026 · RO
- Pulte pick sparks a Senate GOP rebellionAxios · 04 Jun 2026 · EN
SEC filings
- Quarterly report22 Oct 2026
- Current report22 Oct 2026Results of operations · Financial statements and exhibits
- Current report12 Aug 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report22 Jul 2026
- Current report22 Jul 2026Results of operations · Financial statements and exhibits
- Current report01 May 2026Shareholder vote
- Quarterly report23 Apr 2026
- Current report23 Apr 2026Results of operations · Other events · Financial statements and exhibits
- Proxy statement13 Mar 2026
- Current report20 Feb 2026Material agreement · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / PulteGroup, Inc. · 04 Feb 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / PulteGroup, Inc. · 22 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / PulteGroup, Inc. · 22 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.