PulteGroup Inc (PHM)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,911,588 | 3,439,209 | 3,577,737 | 3,818,870 | 4,006,364 | 3,770,444 | 3,754,337 | 3,659,040 | 3,492,511 | 3,709,451 | 3,630,584 | 3,545,579 | 3,443,329 | 3,135,481 | 2,944,656 | 2,716,139 | 2,510,347 | 2,178,291 | 2,042,166 | 1,862,564 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,985,400 | 12,826,000 | 12,574,900 | 12,301,000 | 12,122,000 | 11,564,200 | 11,222,800 | 10,762,000 | 10,383,300 | 10,012,500 | 9,705,020 | 9,263,810 | 8,914,100 | 8,164,000 | 7,745,220 | 7,413,260 | 7,489,520 | 7,141,750 | 6,958,470 | 6,685,270 |
| Return on total capital | 22.42% | 26.81% | 28.45% | 31.05% | 33.05% | 32.60% | 33.45% | 34.00% | 33.64% | 37.05% | 37.41% | 38.27% | 38.63% | 38.41% | 38.02% | 36.64% | 33.52% | 30.50% | 29.35% | 27.86% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,911,588K ÷ ($—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
12.81%
M/I Homes Inc
MHO
19.06%
Meritage Corporation
MTH
10.34%
NVR Inc
NVR
47.75%
Toll Brothers Inc
TOL
21.26%