PulteGroup Inc (PHM)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 2,911,320 | 4,006,360 | -1,312,610 | 3,453,280 | 2,635,190 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,985,400 | 12,122,000 | 9,372,920 | 8,914,100 | 7,489,520 |
| Return on total capital | 22.42% | 33.05% | -14.00% | 38.74% | 35.19% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,911,320K ÷ ($—K + $12,985,400K)
= 22.42%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
PulteGroup Inc
PHM
22.42%
DR Horton Inc
DHI
19.59%
KB Home
KBH
14.21%
Lennar Corporation
LEN
12.88%
M/I Homes Inc
MHO
17.26%
Meritage Corporation
MTH
10.34%
NVR Inc
NVR
50.91%
Toll Brothers Inc
TOL
21.57%