PulteGroup Inc (PHM)
Return on total capital
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 16,232,981 | 3,346,221 | 3,711,562 | 3,616,265 | 3,449,736 | 3,666,676 | 3,630,584 | 3,542,089 | 3,439,839 | 3,131,991 | 2,941,166 | 2,716,139 | 2,510,347 | 2,178,291 | 2,042,166 | 1,862,564 | 1,732,943 | 1,645,065 | 1,526,966 | 1,387,879 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 6,569,990 | 6,240,020 | 5,851,670 | 5,530,390 |
| Return on total capital | 133.91% | 28.94% | 33.07% | 33.60% | 33.22% | 36.62% | 37.41% | 38.24% | 38.59% | 38.36% | 37.97% | 36.64% | 33.52% | 30.50% | 29.35% | 27.86% | 26.38% | 26.36% | 26.09% | 25.10% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $16,232,981K ÷ ($—K + $12,122,000K)
= 133.91%
PulteGroup Inc's return on total capital has shown a general increasing trend over the years, starting at 25.10% in March 2020 and reaching its peak of 133.91% by December 2024. The company's return on total capital improved steadily from 2020 to 2023, with significant growth rates recorded in the later years.
However, there was a sudden and notable spike in the return on total capital in December 2024, rising to an unusually high level of 133.91%. Such a significant deviation from the previous trend warrants further investigation to understand the factors behind this sudden surge.
Overall, PulteGroup Inc's return on total capital performance suggests efficiency in generating returns relative to the total capital employed in the business, indicating effective capital allocation and operational management during the period under review.
Peer comparison
Dec 31, 2024