PULTEGROUP INC/MI/
PHM · Operative Builders · 190.5M shares · -5%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $952M (gross $1.0B, SBC $48M)
Reference price $120.00 · est. market cap ~$22.9B — last insider sale, 2026-05-27 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B78Scaled, well-capitalized homebuilder with top-quartile returns and strong cash generation, but facing a cyclical demand and margin downturn.
Strengths
- Strong returns and margins: ROE 17.1% (87th), ROA 12.3% (88th), net margin 12.8% (85th)
- Excellent cash generation (FCF $1.75B, 93rd pct) and near-zero leverage (debt/equity 0.003)
Risks
- Demand softening: revenue -3.5% (13th pct), net income -28%, gross margin compressed 260bps to 26.3%
- Cyclical, rate-sensitive end market with elevated incentives and land impairments ($77M) pressuring future margins
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $2.0B cash & investments
- Buying back stockNet buyback — share count -5%/yr over 4y
- Revenue declineRevenue -26.1% YoY
- Insider sellingInsider selling — 8 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$26M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
12.8%
Return on equity
17.1%
Return on assets
12.3%
Revenue growth (QoQ)
-26.1%
Net-income growth
-28.0%
Debt / equity
0.0×
Free cash flow
$1.7B
Tangible book value
$12.9B
Cash & investments
$2.0B
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | HENRY KEVIN A | Tax withheld | 2.1K | $126.02 |
| 2026-05-27 | Koart Matthew William | Sell | 7.5K | $120.00 |
| 2026-05-18 | Koart Matthew William | Tax withheld | 6.9K | $111.77 |
| 2026-05-08 | Snyder Lila | Sell | 3.3K | $117.18 |
| 2026-04-29 | Schall Benjamin | Grant | 1.5K | — |
| 2026-04-29 | Hawaux Andre J | Grant | 1.5K | — |
| 2026-04-29 | BLAIR BRYCE | Grant | 1.5K | — |
| 2026-04-29 | GRISE CHERYL W | Grant | 1.5K | — |
| 2026-04-29 | Actis-Grande Kristen | Grant | 1.5K | — |
| 2026-04-29 | Snyder Lila | Grant | 1.5K | — |
| 2026-04-29 | GANNON KRISTIN F. | Grant | 1.5K | — |
| 2026-02-24 | HENRY KEVIN A | Sell | 5.2K | $141.03 |
| 2026-02-10 | GANNON KRISTIN F. | Grant | 292 | — |
| 2026-02-06 | Koart Matthew William | Sell | 15K | $135.79 |
| 2026-02-06 | Sheldon Todd N | Sell | 14K | $135.01 |
| 2026-02-06 | O'Meara Brien P. | Sell | 4.0K | $135.51 |
| 2026-02-05 | MARSHALL RYAN | Gift | 3.8K | — |
| 2026-02-05 | MARSHALL RYAN | Sell | 111K | $133.86 |
| 2026-02-05 | FOLLIARD THOMAS J | Sell | 37K | $134.04 |
| 2026-02-04 | Koart Matthew William | Tax withheld | 13K | $130.87 |
| 2026-02-04 | Koart Matthew William | Grant | 8.6K | — |
| 2026-02-04 | OShaughnessy Robert | Tax withheld | 15K | $130.87 |
| 2026-02-04 | O'Meara Brien P. | Grant | 4.5K | — |
| 2026-02-04 | O'Meara Brien P. | Tax withheld | 2.0K | $130.87 |
| 2026-02-04 | O'Meara Brien P. | Grant | 1.0K | — |
| 2026-02-04 | Sheldon Todd N | Grant | 16K | — |
| 2026-02-04 | Sheldon Todd N | Tax withheld | 6.9K | $130.87 |
| 2026-02-04 | Sheldon Todd N | Grant | 4.5K | — |
| 2026-02-04 | OSSOWSKI JAMES L | Grant | 8.1K | — |
| 2026-02-04 | OSSOWSKI JAMES L | Tax withheld | 3.7K | $130.87 |
| 2026-02-04 | OSSOWSKI JAMES L | Grant | 6.3K | — |
| 2026-02-04 | MARSHALL RYAN | Grant | 121K | — |
| 2026-02-04 | MARSHALL RYAN | Tax withheld | 54K | $130.87 |
| 2026-02-04 | MARSHALL RYAN | Grant | 29K | — |
| 2026-02-04 | OShaughnessy Robert | Grant | 33K | — |
| 2026-02-04 | OShaughnessy Robert | Grant | 4.1K | — |
| 2026-02-04 | HENRY KEVIN A | Grant | 9.3K | — |
| 2026-02-04 | HENRY KEVIN A | Tax withheld | 4.2K | $130.87 |
| 2026-02-04 | HENRY KEVIN A | Grant | 3.0K | — |
| 2026-02-04 | Koart Matthew William | Grant | 28K | — |
| 2026-02-02 | Koart Matthew William | Tax withheld | 122 | $125.44 |
| 2026-02-02 | O'Meara Brien P. | Tax withheld | 1.1K | $125.44 |
| 2026-02-02 | Sheldon Todd N | Tax withheld | 2.5K | $125.44 |
| 2026-02-02 | OSSOWSKI JAMES L | Tax withheld | 1.8K | $125.44 |
| 2026-02-02 | MARSHALL RYAN | Tax withheld | 28K | $125.44 |
| 2026-02-02 | OShaughnessy Robert | Tax withheld | 7.2K | $125.44 |
| 2026-02-02 | HENRY KEVIN A | Tax withheld | 56 | $125.44 |
| 2025-11-12 | Sheldon Todd N | Gift | 1.0K | — |
| 2025-11-06 | Snyder Lila | Gift | 1.0K | — |
| 2025-08-14 | O'Meara Brien P. | Sell | 814 | $127.97 |
| 2025-08-14 | O'Meara Brien P. | Gift | 400 | — |
| 2025-08-14 | OShaughnessy Robert | Sell | 22K | $128.03 |
| 2025-04-30 | Snyder Lila | Grant | 1.8K | — |
| 2025-04-30 | Hawaux Andre J | Grant | 1.8K | — |
| 2025-04-30 | BLAIR BRYCE | Grant | 1.8K | — |
| 2025-04-30 | ANDERSON BRIAN P | Grant | 1.8K | — |
| 2025-04-30 | Actis-Grande Kristen | Grant | 1.8K | — |
| 2025-02-13 | O'Meara Brien P. | Sell | 3.5K | $106.40 |
| 2025-02-13 | Sheldon Todd N | Sell | 15K | $106.50 |
| 2025-02-10 | ANDERSON BRIAN P | Sell | 2.5K | $106.45 |
| 2025-02-05 | Koart Matthew William | Grant | 9.6K | — |
| 2025-02-05 | MARSHALL RYAN | Grant | 61K | — |
| 2025-02-05 | MARSHALL RYAN | Tax withheld | 27K | $109.31 |
| 2025-02-05 | MARSHALL RYAN | Grant | 32K | — |
| 2025-02-05 | O'Meara Brien P. | Grant | 2.3K | — |
| 2025-02-05 | O'Meara Brien P. | Tax withheld | 987 | $109.31 |
| 2025-02-05 | O'Meara Brien P. | Grant | 1.2K | — |
| 2025-02-05 | HENRY KEVIN A | Grant | 3.6K | — |
| 2025-02-05 | OShaughnessy Robert | Grant | 16K | — |
| 2025-02-05 | OShaughnessy Robert | Tax withheld | 7.4K | $109.31 |
| 2025-02-05 | OShaughnessy Robert | Grant | 4.9K | — |
| 2025-02-05 | Sheldon Todd N | Grant | 7.8K | — |
| 2025-02-05 | Sheldon Todd N | Tax withheld | 3.5K | $109.31 |
| 2025-02-05 | Sheldon Todd N | Grant | 4.7K | — |
| 2025-02-03 | OShaughnessy Robert | Tax withheld | 17K | $115.78 |
| 2025-02-03 | Sheldon Todd N | Tax withheld | 6.6K | $115.78 |
| 2025-02-03 | MARSHALL RYAN | Tax withheld | 45K | $115.78 |
| 2025-02-03 | O'Meara Brien P. | Tax withheld | 2.5K | $115.78 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-01 | Shareholder vote | filing ↗ |
| 2026-04-23 | ResultsOtherExhibits | filing ↗ |
| 2026-02-20 | Material agreementExhibits | filing ↗ |
| 2026-02-11 | OtherExhibits | filing ↗ |
| 2026-02-09 | Exec/director changeExhibits | filing ↗ |
| 2026-01-29 | ResultsExhibits | filing ↗ |
| 2025-10-21 | ResultsExhibits | filing ↗ |
| 2025-08-14 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-01 | 2026-04-29 | 0000822416-26-000026 ↗ |
| 8-K | 2026-04-23 | 2026-04-22 | 0000822416-26-000021 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0000822416-26-000023 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001104659-26-018162 ↗ |
| 8-K | 2026-02-11 | 2026-02-10 | 0001104659-26-013404 ↗ |
| 8-K | 2026-02-09 | 2026-02-04 | 0001104659-26-011774 ↗ |
| 10-K | 2026-02-04 | 2025-12-31 | 0000822416-26-000007 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0000822416-26-000003 ↗ |
| 8-K | 2025-10-21 | 2025-10-21 | 0000822416-25-000059 ↗ |
| 10-Q | 2025-10-21 | 2025-09-30 | 0000822416-25-000061 ↗ |
| 8-K | 2025-08-14 | 2025-08-13 | 0000822416-25-000055 ↗ |
| 10-Q | 2025-07-22 | 2025-06-30 | 0000822416-25-000051 ↗ |