PulteGroup, Inc.

PHMNYSEConsumer Cyclical● Active

$117.71

$-0.69(-0.58%)

Market Cap$22.4B

P/E Ratio—

52W High$144.5

52W Low$98.27

Avg Volume1.9M

Open$117.95

Beta1.22

Free Cash Flow Financials Revenue

PulteGroup, Inc. (PHM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PHM · free cash flow · updated Jun 8, 2026

Core FCF metrics

PHM · FCF · TTM · margin & CAGR

Free cash flow was $1.75B for FY2025 (fiscal year ending 2025-12-31), up 11.9% year-over-year The FCF margin was 10.1%. Five-year CAGR stands at +0.3%.

FY2025 Free Cash Flow$1.75B▲ +11.9% YoY

Trailing 12M (TTM)$1.64Btrailing 4 quarters sum

FCF Margin10.1%$1.75B ÷ revenue

3-Year CAGR+46.5%FY2022 → FY2025

5-Year CAGR+0.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PHM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.87B(123M)$1.75B▲ +11.9%10.1%

FY2024$1.68B(119M)$1.56B▼ 25.8%8.7%

FY2023$2.20B(92M)$2.10B▲ +278.7%13.1%

FY2022$668.5M(113M)$555.8M▼ 40.3%3.5%

FY2021$1.00B(73M)$931.2M▼ 46.0%6.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PHM · P/FCF · FCF yield · FCF per share

PulteGroup, Inc. (PHM) trades at a FCF yield of 7.28% and a price-to-free-cash-flow ratio of 14.2x. FCF per share stands at $8.30, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.28%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.30

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PHM · cash flow statement · operating / investing / financing

For FY2025, PulteGroup, Inc. generated $1.87B in operating cash flow and spent 123M in capital expenditures, yielding $1.75B in free cash flow.

Operating Activities

+$1.87B

Cash from core business operations

2025-12-31

Investing Activities

−$80.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.44B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.87B) − |CapEx| (123M) = FCF ($1.75B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

PHM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PulteGroup, Inc.YOU

PHM

$1.75B+11.9%10.1%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PulteGroup, Inc. (PHM) reported free cash flow of $1.75B for FY2025 (fiscal year ending 2025-12-31), up 11.9% year-over-year. The FCF margin was 10.1%.

Based on available data, PulteGroup, Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $2.10B in FY2023. The 5-year CAGR stands at +0.3%.

PulteGroup, Inc.'s FCF yield is 7.28% and price-to-FCF ratio is 14.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PHM free cash flow · 8 questions

PulteGroup, Inc. free cash flow was $1.75B for FY2025, up 11.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.64B.

PHM free cash flowPHM FCFPHM FCF 2025PHM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PulteGroup, Inc. · PulteGroup, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026