PulteGroup Inc (PHM) - Net Assets
Based on the latest financial reports, PulteGroup Inc (PHM) has net assets worth $12.83 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.85 Billion) and total liabilities ($5.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of PulteGroup Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.83 Billion |
| % of Total Assets | 71.85% |
| Annual Growth Rate | 11.57% |
| 5-Year Change | 84.51% |
| 10-Year Change | 154.7% |
| Growth Volatility | 25.49 |
PulteGroup Inc - Net Assets Trend (1985–2024)
This chart illustrates how PulteGroup Inc's net assets have evolved over time, based on quarterly financial data. Also explore PHM total asset value for the complete picture of this company's asset base.
Annual Net Assets for PulteGroup Inc (1985–2024)
The table below shows the annual net assets of PulteGroup Inc from 1985 to 2024. For live valuation and market cap data, see PHM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.12 Billion | +29.33% |
| 2023-12-31 | $9.37 Billion | +5.15% |
| 2022-12-31 | $8.91 Billion | +19.02% |
| 2021-12-31 | $7.49 Billion | +14.00% |
| 2020-12-31 | $6.57 Billion | +20.37% |
| 2019-12-31 | $5.46 Billion | +13.29% |
| 2018-12-31 | $4.82 Billion | +15.98% |
| 2017-12-31 | $4.15 Billion | -10.85% |
| 2016-12-31 | $4.66 Billion | -2.10% |
| 2015-12-31 | $4.76 Billion | -0.95% |
| 2014-12-31 | $4.80 Billion | +3.36% |
| 2013-12-31 | $4.65 Billion | +112.32% |
| 2012-12-31 | $2.19 Billion | +12.95% |
| 2011-12-31 | $1.94 Billion | -9.21% |
| 2010-12-31 | $2.14 Billion | -33.16% |
| 2009-12-31 | $3.19 Billion | +12.65% |
| 2008-12-31 | $2.84 Billion | -34.36% |
| 2007-12-31 | $4.32 Billion | -34.32% |
| 2006-12-31 | $6.58 Billion | +10.41% |
| 2005-12-31 | $5.96 Billion | +31.73% |
| 2004-12-31 | $4.52 Billion | +31.15% |
| 2003-12-31 | $3.45 Billion | +24.91% |
| 2002-12-31 | $2.76 Billion | +21.25% |
| 2001-12-31 | $2.28 Billion | +82.44% |
| 2000-12-31 | $1.25 Billion | +14.14% |
| 1999-12-31 | $1.09 Billion | +18.66% |
| 1998-12-31 | $921.40 Million | +13.36% |
| 1997-12-31 | $812.80 Million | -1.99% |
| 1996-12-31 | $829.30 Million | +8.98% |
| 1995-12-31 | $761.00 Million | +7.09% |
| 1994-12-31 | $710.60 Million | +27.74% |
| 1993-12-31 | $556.30 Million | +15.56% |
| 1992-12-31 | $481.40 Million | +34.92% |
| 1991-12-31 | $356.80 Million | +12.88% |
| 1990-12-31 | $316.10 Million | +3.44% |
| 1989-12-31 | $305.60 Million | +20.03% |
| 1988-12-31 | $254.60 Million | +12.90% |
| 1987-12-31 | $225.50 Million | +19.82% |
| 1986-12-31 | $188.20 Million | +11.10% |
| 1985-12-31 | $169.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PulteGroup Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5867.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.69 Billion | 71.73% |
| Common Stock | $2.03 Million | 0.02% |
| Other Components | $3.43 Billion | 28.26% |
| Total Equity | $12.12 Billion | 100.00% |
PulteGroup Inc Competitors by Market Cap
The table below lists competitors of PulteGroup Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nan Ya Plastics Corp
TW:1303
|
$23.44 Billion |
|
Aluminum Corp of China Ltd
SHG:601600
|
$23.47 Billion |
|
Hengli Petrochemical Co Ltd
SHG:600346
|
$23.54 Billion |
|
Sieyuan Electric Co Ltd
SHE:002028
|
$23.55 Billion |
|
ABN Amro Group NV
AS:ABN
|
$23.40 Billion |
|
China Satellite Communications Co Ltd
SHG:601698
|
$23.39 Billion |
|
Public Bank Bhd
KLSE:1295
|
$23.34 Billion |
|
Hana Financial
KO:086790
|
$23.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PulteGroup Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,372,918,000 to 12,121,964,000, a change of 2,749,046,000 (29.3%).
- Net income of 3,083,262,000 contributed positively to equity growth.
- Dividend payments of 167,707,000 reduced retained earnings.
- Share repurchases of 1,218,596,000 reduced equity.
- Other factors increased equity by 1,052,087,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.08 Billion | +25.44% |
| Dividends Paid | $167.71 Million | -1.38% |
| Share Repurchases | $1.22 Billion | -10.05% |
| Other Changes | $1.05 Billion | +8.68% |
| Total Change | $- | 29.33% |
Book Value vs Market Value Analysis
This analysis compares PulteGroup Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 149.36x to 2.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.80 | $120.10 | x |
| 1986-12-31 | $0.91 | $120.10 | x |
| 1987-12-31 | $1.13 | $120.10 | x |
| 1988-12-31 | $1.21 | $120.10 | x |
| 1989-12-31 | $1.44 | $120.10 | x |
| 1990-12-31 | $1.57 | $120.10 | x |
| 1991-12-31 | $1.78 | $120.10 | x |
| 1992-12-31 | $2.18 | $120.10 | x |
| 1993-12-31 | $2.49 | $120.10 | x |
| 1994-12-31 | $3.19 | $120.10 | x |
| 1995-12-31 | $3.49 | $120.10 | x |
| 1996-12-31 | $4.13 | $120.10 | x |
| 1997-12-31 | $4.62 | $120.10 | x |
| 1998-12-31 | $5.25 | $120.10 | x |
| 1999-12-31 | $6.24 | $120.10 | x |
| 2000-12-31 | $7.40 | $120.10 | x |
| 2001-12-31 | $11.31 | $120.10 | x |
| 2002-12-31 | $11.18 | $120.10 | x |
| 2003-12-31 | $13.71 | $120.10 | x |
| 2004-12-31 | $17.38 | $120.10 | x |
| 2005-12-31 | $22.67 | $120.10 | x |
| 2006-12-31 | $25.43 | $120.10 | x |
| 2007-12-31 | $17.13 | $120.10 | x |
| 2008-12-31 | $11.19 | $120.10 | x |
| 2009-12-31 | $10.13 | $120.10 | x |
| 2010-12-31 | $5.59 | $120.10 | x |
| 2011-12-31 | $5.10 | $120.10 | x |
| 2012-12-31 | $5.69 | $120.10 | x |
| 2013-12-31 | $12.02 | $120.10 | x |
| 2014-12-31 | $12.84 | $120.10 | x |
| 2015-12-31 | $13.23 | $120.10 | x |
| 2016-12-31 | $13.62 | $120.10 | x |
| 2017-12-31 | $13.54 | $120.10 | x |
| 2018-12-31 | $16.91 | $120.10 | x |
| 2019-12-31 | $19.83 | $120.10 | x |
| 2020-12-31 | $24.39 | $120.10 | x |
| 2021-12-31 | $28.81 | $120.10 | x |
| 2022-12-31 | $37.75 | $120.10 | x |
| 2023-12-31 | $42.38 | $120.10 | x |
| 2024-12-31 | $57.77 | $120.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PulteGroup Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.18%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.43x
- Recent ROE (25.44%) is above the historical average (9.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.99% | 3.06% | 1.74x | 2.62x | $6.76 Million |
| 1986 | 11.00% | 2.47% | 1.60x | 2.78x | $1.88 Million |
| 1987 | 3.33% | 0.95% | 0.21x | 16.60x | $-15.05 Million |
| 1988 | 13.04% | 2.82% | 0.24x | 19.22x | $7.74 Million |
| 1989 | 18.26% | 4.90% | 0.26x | 14.15x | $25.24 Million |
| 1990 | 9.40% | 2.58% | 0.29x | 12.63x | $-1.91 Million |
| 1991 | 11.41% | 3.35% | 0.33x | 10.19x | $5.02 Million |
| 1992 | 14.56% | 5.12% | 0.37x | 7.70x | $21.96 Million |
| 1993 | 14.27% | 4.86% | 0.43x | 6.85x | $23.77 Million |
| 1994 | 22.91% | 9.27% | 0.90x | 2.73x | $91.74 Million |
| 1995 | 7.66% | 2.87% | 0.99x | 2.69x | $-17.80 Million |
| 1996 | 21.66% | 7.53% | 1.20x | 2.39x | $96.67 Million |
| 1997 | 6.50% | 2.09% | 1.17x | 2.65x | $-28.48 Million |
| 1998 | 11.08% | 3.56% | 1.22x | 2.55x | $9.96 Million |
| 1999 | 16.30% | 4.78% | 1.44x | 2.38x | $68.87 Million |
| 2000 | 15.11% | 4.53% | 1.44x | 2.31x | $63.72 Million |
| 2001 | 13.24% | 5.60% | 0.94x | 2.51x | $73.73 Million |
| 2002 | 16.43% | 6.07% | 1.08x | 2.50x | $177.60 Million |
| 2003 | 18.12% | 6.90% | 1.12x | 2.34x | $279.82 Million |
| 2004 | 21.82% | 8.42% | 1.13x | 2.30x | $534.31 Million |
| 2005 | 25.04% | 10.15% | 1.13x | 2.19x | $896.18 Million |
| 2006 | 10.45% | 4.82% | 1.08x | 2.00x | $29.73 Million |
| 2007 | -52.21% | -24.35% | 0.91x | 2.37x | $-2.69 Billion |
| 2008 | -51.95% | -23.42% | 0.82x | 2.72x | $-1.76 Billion |
| 2009 | -37.02% | -28.95% | 0.41x | 3.15x | $-1.50 Billion |
| 2010 | -51.37% | -24.00% | 0.59x | 3.61x | $-1.31 Billion |
| 2011 | -10.85% | -5.09% | 0.60x | 3.55x | $-404.25 Million |
| 2012 | 9.41% | 4.28% | 0.72x | 3.08x | $-12.82 Million |
| 2013 | 56.36% | 46.13% | 0.65x | 1.88x | $2.16 Billion |
| 2014 | 9.87% | 8.15% | 0.68x | 1.78x | $-6.16 Million |
| 2015 | 10.38% | 8.26% | 0.67x | 1.88x | $18.16 Million |
| 2016 | 12.94% | 7.86% | 0.75x | 2.18x | $136.77 Million |
| 2017 | 10.77% | 5.22% | 0.89x | 2.33x | $31.82 Million |
| 2018 | 21.21% | 10.03% | 1.00x | 2.11x | $540.24 Million |
| 2019 | 18.63% | 9.96% | 0.95x | 1.96x | $470.88 Million |
| 2020 | 21.41% | 12.75% | 0.90x | 1.86x | $749.84 Million |
| 2021 | 25.99% | 13.98% | 1.04x | 1.78x | $1.20 Billion |
| 2022 | 29.36% | 16.13% | 1.10x | 1.66x | $1.73 Billion |
| 2023 | 27.76% | 16.20% | 1.11x | 1.54x | $1.67 Billion |
| 2024 | 25.44% | 17.18% | 1.03x | 1.43x | $1.87 Billion |
Industry Comparison
This section compares PulteGroup Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $989,598,700
- Average return on equity (ROE) among peers: 14.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PulteGroup Inc (PHM) | $12.83 Billion | 13.99% | 0.39x | $23.41 Billion |
| Beazer Homes USA Inc (BZH) | $351.19 Million | 21.32% | 1.83x | $557.97 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.88 Billion |
| Dream Finders Homes Inc (DFH) | $1.42 Billion | 23.61% | 1.34x | $499.32 Million |
| DR Horton Inc (DHI) | $4.13 Billion | 23.63% | 1.18x | $43.33 Billion |
| Green Brick Partners Inc (GRBK) | $433.04 Million | 3.46% | 0.41x | $2.91 Billion |
| Hovnanian Enterprises Inc (HOV) | $2.07 Billion | 7.21% | 1.64x | $564.31 Million |
| Installed Building Products Inc (IBP) | $319.18 Million | 30.47% | 2.72x | $8.08 Billion |
| KB Home (KBH) | $407.00 Million | 11.45% | 2.57x | $3.14 Billion |
| Legacy Housing Corp (LEGH) | $189.28 Million | 11.37% | 0.24x | $513.63 Million |
| Lennar Corporation (LEN) | $319.30 Million | 9.11% | 2.07x | $19.54 Billion |
About PulteGroup Inc
PulteGroup, Inc., through its subsidiaries, engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes … Read more