PulteGroup (PHM) FY2024 results: revenue $17.9 billion, up 11.7% on the year
PulteGroup Inc. (PHM) reported revenue of $17.9 billion for fiscal 2024, the year ended 31 December 2024, up 11.7% on the year before. Net income was $3.1 billion, up 18.5%, and diluted earnings per share $14.69. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2025.
Revenue
$17.9 billion
+11.7% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$3.1 billion
+18.5% on the year
FY2017FY2024
Diluted EPS
$14.69
+25.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,681
2,197
668
-23.5%
Capital expenditure
119
92.2
113
+28.6%
Free cash flow
1,562
2,105
556
-25.8%
Free cash flow margin
8.7%
13.1%
3.5%
Cash from investing
-94.5
-129
-172
Cash from financing
-1,782
-1,313
-1,236
Depreciation and amortisation
89.2
80.8
70.9
+10.3%
Share-based compensation
54.7
48.2
43.0
+13.5%
Buybacks
1,200
1,000
1,075
+20.0%
Dividends paid
168
142
144
+17.7%
Dividend per share
$0.82
$0.68
$0.61
+20.6%
Diluted shares, weighted
210m
221m
236m
-5.1%
Shares outstanding at period end
203m
213m
226m
-4.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,122
10,383
8,914
+16.7%
Debt
2,145
2,462
2,632
-12.9%
Other liabilities
3,096
3,242
3,250
-4.5%
Total liabilities and equity
17,364
16,087
14,797
+7.9%
Fixed assets
253
221
200
+14.3%
Goodwill
68.9
68.9
68.9
0.0%
Intangible assets
46.3
56.3
66.9
-17.8%
Cash and equivalents
1,613
1,807
1,053
-10.7%
Other assets
15,382
13,934
13,407
+10.4%
Total assets
17,364
16,087
14,797
+7.9%
10-K for the year ended 31 December 2024, filed 6 February 2025: the filing.