PulteGroup Inc (PHM) - Net Assets
Based on the latest financial reports, PulteGroup Inc (PHM) has net assets worth $12.95 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.20 Billion) and total liabilities ($5.24 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 PulteGroup Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.95 Billion |
| % of Total Assets | 71.19% |
| Annual Growth Rate | 11.46% |
| 5-Year Change | 73.38% |
| 10-Year Change | 178.7% |
| Growth Volatility | 25.2 |
PulteGroup Inc - Net Assets Trend (1985–2025)
This chart illustrates how PulteGroup Inc's net assets have evolved over time, based on quarterly financial data. See PHM defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PulteGroup Inc (1985–2025)
The table below shows the annual net assets of PulteGroup Inc from 1985 to 2025. For live valuation and market cap data, see PHM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $12.99 Billion | +7.12% |
| 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 6416.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $9.49 Billion | 73.12% |
| Common Stock | $1.93 Million | 0.01% |
| Other Components | $3.49 Billion | 26.87% |
| Total Equity | $12.99 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 |
|---|---|
|
Ast Spacemobile Inc
NASDAQ:ASTS
|
$22.39 Billion |
|
CMS Energy Corporation
NYSE:CMS
|
$22.43 Billion |
|
Smurfit WestRock plc
NYSE:SW
|
$22.44 Billion |
|
T. Rowe Price Group Inc
NASDAQ:TROW
|
$22.44 Billion |
|
ZTE Corp
SHE:000063
|
$22.33 Billion |
|
Partners Group Holding AG
SW:PGHN
|
$22.33 Billion |
|
AVIVA PLC SPONS.ADR/2
F:GU80
|
$22.30 Billion |
|
CHINA RES.LAND UNS.ADR/10
F:CHZ0
|
$22.25 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 2024 to 2025, total equity changed from 12,121,964,000 to 12,985,442,000, a change of 863,478,000 (7.1%).
- Net income of 2,218,730,000 contributed positively to equity growth.
- Dividend payments of 176,684,000 reduced retained earnings.
- Share repurchases of 1,224,335,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.22 Billion | +17.09% |
| Dividends Paid | $176.68 Million | -1.36% |
| Share Repurchases | $1.22 Billion | -9.43% |
| Other Changes | $45.77 Million | +0.35% |
| Total Change | $- | 7.12% |
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: 1.95x
- 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 157.89x to 1.95x 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 | $126.96 | x |
| 1986-12-31 | $0.91 | $126.96 | x |
| 1987-12-31 | $1.13 | $126.96 | x |
| 1988-12-31 | $1.21 | $126.96 | x |
| 1989-12-31 | $1.44 | $126.96 | x |
| 1990-12-31 | $1.57 | $126.96 | x |
| 1991-12-31 | $1.78 | $126.96 | x |
| 1992-12-31 | $2.18 | $126.96 | x |
| 1993-12-31 | $2.49 | $126.96 | x |
| 1994-12-31 | $3.19 | $126.96 | x |
| 1995-12-31 | $3.49 | $126.96 | x |
| 1996-12-31 | $4.13 | $126.96 | x |
| 1997-12-31 | $4.62 | $126.96 | x |
| 1998-12-31 | $5.25 | $126.96 | x |
| 1999-12-31 | $6.24 | $126.96 | x |
| 2000-12-31 | $7.40 | $126.96 | x |
| 2001-12-31 | $11.31 | $126.96 | x |
| 2002-12-31 | $11.18 | $126.96 | x |
| 2003-12-31 | $13.71 | $126.96 | x |
| 2004-12-31 | $17.38 | $126.96 | x |
| 2005-12-31 | $22.67 | $126.96 | x |
| 2006-12-31 | $25.43 | $126.96 | x |
| 2007-12-31 | $17.13 | $126.96 | x |
| 2008-12-31 | $11.19 | $126.96 | x |
| 2009-12-31 | $10.13 | $126.96 | x |
| 2010-12-31 | $5.59 | $126.96 | x |
| 2011-12-31 | $5.10 | $126.96 | x |
| 2012-12-31 | $5.69 | $126.96 | x |
| 2013-12-31 | $12.02 | $126.96 | x |
| 2014-12-31 | $12.84 | $126.96 | x |
| 2015-12-31 | $13.23 | $126.96 | x |
| 2016-12-31 | $13.62 | $126.96 | x |
| 2017-12-31 | $13.54 | $126.96 | x |
| 2018-12-31 | $16.91 | $126.96 | x |
| 2019-12-31 | $19.83 | $126.96 | x |
| 2020-12-31 | $24.39 | $126.96 | x |
| 2021-12-31 | $28.81 | $126.96 | x |
| 2022-12-31 | $37.75 | $126.96 | x |
| 2023-12-31 | $42.38 | $126.96 | x |
| 2024-12-31 | $57.77 | $126.96 | x |
| 2025-12-31 | $65.08 | $126.96 | 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): 17.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.82%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.39x
- Recent ROE (17.09%) is above the historical average (9.97%), 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% | 1.19x | 2.62x | $-28.48 Million |
| 1998 | 11.08% | 3.56% | 1.22x | 2.55x | $9.96 Million |
| 1999 | 16.30% | 4.78% | 1.50x | 2.28x | $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% | 1.09x | 2.49x | $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% | 0.65x | 1.93x | $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 |
| 2025 | 17.09% | 12.82% | 0.96x | 1.39x | $920.19 Million |
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: $902,218,045
- Average return on equity (ROE) among peers: 16.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PulteGroup Inc (PHM) | $12.95 Billion | 13.99% | 0.40x | $22.39 Billion |
| Beazer Homes USA Inc (BZH) | $179.30 Million | 6.25% | 1.23x | $739.11 Million |
| Cavco Industries Inc (CVCO) | $607.59 Million | 12.35% | 0.33x | $4.60 Billion |
| Dream Finders Homes Inc (DFH) | $62.02 Million | 27.93% | 5.05x | $527.42 Million |
| DR Horton Inc (DHI) | $6.79 Billion | 13.05% | 0.70x | $45.84 Billion |
| Green Brick Partners Inc (GRBK) | $181.60 Million | 27.55% | 1.20x | $3.08 Billion |
| Hovnanian Enterprises Inc (HOV) | $193.60 Million | 8.94% | 2.17x | $632.90 Million |
| Installed Building Products Inc (IBP) | $114.48 Million | 23.16% | 2.26x | $5.39 Billion |
| KB Home (KBH) | $336.00 Million | 8.39% | 3.26x | $3.42 Billion |
| Legacy Housing Corp (LEGH) | $115.59 Million | 15.00% | 0.56x | $566.72 Million |
| Lennar Corporation (LEN) | $439.00 Million | 19.23% | 2.06x | $19.36 Billion |
About PulteGroup Inc
PulteGroup, Inc., through its subsidiaries, engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes, as well as construction of housing; and sale of single-family detached homes; and attached homes, such as townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta … Read more